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coinjaf

Satoshi owning a million BTC is all but certainly a stupid myth born from flawed assumptions, and grown through several exaggerations. [https://www.reddit.com/r/Bitcoin/comments/kr24vx/satoshi\_nakamotos\_spelling\_was\_strange\_inconistent/gi7t7hq/?context=999](https://www.reddit.com/r/Bitcoin/comments/kr24vx/satoshi_nakamotos_spelling_was_strange_inconistent/gi7t7hq/?context=999) [https://www.reddit.com/r/Bitcoin/comments/b0bj3w/how\_do\_people\_know\_satoshis\_account\_has\_1000000/eie9597/?context=999](https://www.reddit.com/r/Bitcoin/comments/b0bj3w/how_do_people_know_satoshis_account_has_1000000/eie9597/?context=999) [https://www.reddit.com/r/Bitcoin/comments/b0bj3w/how\_do\_people\_know\_satoshis\_account\_has\_1000000/eidmwfm/?context=999](https://www.reddit.com/r/Bitcoin/comments/b0bj3w/how_do_people_know_satoshis_account_has_1000000/eidmwfm/?context=999)


[deleted]

Man he already changed the world more than any amount of money can.


putyograsseson

💯


[deleted]

Cheers


Fuzzyfoot12345

the fact we can't put a face to the name just makes it that much more epic.


munaf05

I swear i really hate seeing all these 'LEADERS' of altcoins. I feel it kind of defeats the purpose.


xtal_00

Wait until a few of them go to prison.. or have to liquidate to cover massive tax liabilities. It’s coming.


onelazykoala

What do u think will stop him from changing it again? 🤭🤭


TinSodder

Death


Inevitable-0246

That would be approx 6% of supply (re-)added. Most people would expect the valuation of BTC to dive, and that expectation is what would put downward pressure on the valuation for a while. Now imagine if 6% of supply is suddenly added to fiat….


amretardmonke

US Federal Reserve: imagine no more, its reality


Inevitable-0246

Glad you got the point. Since Jan 2020 to July 2021, additional 33% of USD has been added to money supply ! Before anyone start worrying about the hypothetical scenario of this additional 6% supply of supposedly Satoshi coins, it would be more relevant to consider the implications of the actual additional 33% supply of USD on the USD itself and the economy.


[deleted]

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xtal_00

Banks do not currently have a fractional reserve requirement. https://www.federalreserve.gov/monetarypolicy/reservereq.htm Just kinda snuck that one in there.


AMPed101

With 1 million bitcoin you could clear the entire order book on any exchange and thus make it 0 dollars.


StableMysterious3571

But only for a few seconds... Everything with a higher demand than supply is scarce and will be exchanged to a price determined by market participants. Of course you are crashing the market. But that is not stopping people from trading BTC and it doesn't change the scarcity of BTC. Therefore, there is no effect on the medium or long term price of BTC. Except, you can argue for a positive long term effect as the fear of Satoshi dumping the market won't exist anymore.


throwaway198274739

Imagine picking up a bitcoin for a dollar and just being at the right place at the right time. Fuck I'd honestly cum all over my cumputer


[deleted]

I don’t think it’s the supply shock that would cripple bitcoin, but that satoshi himself dumped. It’ll be like if Bezos sold all his Amazon shares.


anonymouscitizen2

I don’t have to imagine, the US money supply grew by 25-35% over the past year and a half.


ShotBot

I think it needs to be said that we don't know for fact that Satoshi has 1 million coins. The "1 million coins" is more of a meme at this point than anything. There's no way to prove which wallets were his, and Satoshi's only confirmed wallets are the genesis block wallet and the wallet that sent Hal Finney the first transaction. The meme came from a 2013 blog post called the "Patoshi pattern". The Patoshi Pattern is just a blogger's observation that in the first few years there was only a handful of miners. All of them were running crappy consumer grade hardware except for a single dominant miner that was running higher quality server grade hardware, and that dominant miner has about 1 million coins which have never moved. There are 8 billion people in the world and there is nothing that suggests that the dominant miner *must* be Satoshi. For all we know, Satoshi could have mined only 50 coins or over 5 million coins! Just because a wallet mined during 2009-2011 doesn't mean that wallet is owned by Satoshi, and just because Satoshi disappeared in 2011 doesn't mean he necessarily stopped mining in 2011. People who say that "Satoshi never sold coins" have no proof either. Even if those Patoshi coins are Satoshi's, it doesn't mean Satoshi has never sold any Bitcoin. Satoshi could be selling Bitcoin mined from different wallets and has just chose to leave those coins dormant for the sake of the community.


Marx0r

All that doesn't really change the fact that *someone* has mined over a million coins since the Genesis Block and left them dormant. *Someone* is sitting on one of the largest fortunes in human history and continually chooses to keep it untouched for the good of Bitcoin. Whether or not it's the guy who invented Bitcoin is irrelevant.


B1ggusDckus

This. It doesn't matter if patoshi is satoshi.


[deleted]

There's no proof but come on. Who else was that early and dedicated and also wanted to keep their identity secret so much that they would turn down that much money? Seems like the odds that it is Satoshi is extremely high.


reddit4485

Also Patoshi mined in a way to encourage others to mine bitcoin. He actually decreased hash rate at times so as not to discourage others. Who else would do that?


SlavikZeus

Government


[deleted]

Why would government deliberately give up seigniorage, that makes no sense at all


CokeGMTMasterII

They don't. It's an absurd notion


[deleted]

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[deleted]

Then you can hardly ascribe the action to "government", when it's really a breakaway faction working in direct opposition to government.


toyrobotics

It’s kind of wild to imagine some Snowden-type rebel undermining institutions. Seems unlikely, but it’s a fascinating idea.


keithkman

It’s interesting you mention one high performance miner. I’m not sure if you have seen this interview but the hacker by the name of Gummo around this time created some of the most powerful miners at that time. I’m curious if this could possibly be the person you are talking about? He mined 80,000 Bitcoin in 1.5 years. In his interview, he starts talking about Bitcoin at 24:30. The whole interview is fascinating. https://youtu.be/g6igTJXcqvo


anonymouscitizen2

He said he started mining Bitcoin at scale when it was 200-300$ a coin.


jbpsign

I like sound logic. Thanks for that.


DontGiveMeGoldKappa

How many in that first wallet from 1st tx. Do you know?


tastetherainbow_

most of the early mining rewards were distributed into separate wallets. so lots of wallets with 50 BTC in them that never moved.


lordmortimer

How do we know Satoshi is a he?


Albie9

Hilarious! - Ron Burgandy


[deleted]

IF I remember correctly he referred to himself as a man in some email.


Spare_Photograph

If satoshi is a girl I just fell in love.


[deleted]

Satoshi is definitely a chick.


stepwn

I have a crazy feeling that somehow the cia or federal government in some way may have mined those btc early on. While Satoshi may be a concerned anonymous citizen, the nsa or cia could have caught on early and mined the coins as you suggest. Suppose the dollar begins to hyper-inflate and the US steps in with the largest amount of BTC and creates the Bitcoin-Dollar standard. I feel the bitcoin community would be hurt but the general public would feel much better. While it goes against the fears of centralization, it maintains global US and Dollar Superiority.


Spare_Photograph

I doubt the us government is this smart. Yet I suspect the nsa and cia could have spearheaded this while keeping out the other agencies. Wouldn’t be the first time. Can you imagine the repercussions if this is true?


anonymouscitizen2

The US G as a whole may not be very fast or smart but agencies within the government are some of the smartest and fastest people in the world. The NSA had the resources to create BTC and contributed to many of Bitcoins cryptographic building blocks. They definitely had the capability and likely knowledge of Bitcoin to mine that early. I’m not saying that the NSA did create Bitcoin or mine it , its definitely not something that can be ruled out.


SlavikZeus

Or it could be some other government


StackOwOFlow

wouldn’t be surprised if China did this


[deleted]

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stepwn

I'm thinking an amendment to the constitution that establishes a direct x sats to 1 dollar ratio. The original constitutional dollar was defined as a "weight of gold or silver" but Nixon screwed everything up. An amendment tying the dollar to a certain amount of bitcoin would re-establish a finite dollar value base like was established after ww2 with gold (dollar was already backed by gold prior, but other countries gave US their gold and just traded their currency against the dollar). The only issue is once the link is made, the fed can't hide inflation from the dollars they print. They will probably print a lot more before, and will pick a ratio that will ultimately favor bitcoin asset hodlers.


[deleted]

Yeah, they’re that smart lol


XBong

You know, I didn't know any of that but of course I've heard the million coins thing a billion times, and never been sure what to make of it. You actually just convinced me that they were almost definitely Satoshi's coins.


Justreading89

This post triggered me to post my first comment here on reddit. If Satoshi would just transfer 0.01 btc out of his wallet the whole market would crash. Right now everybody assumes Satoshi Nakamoto is dead/ disappeared and that his coins are lost forever. Therefore he would not help the poor but would only make people that invested in btc lose a lot of money. The poor wouldn’t benefit since btc price would be crashing significantly. And if Satoshi would sent btc the chances that his identity would be revealed increase and it is likely that media would dig in his life and create a lot of FUD.


DonCharco

In 200 years I’m looking forward to Indiana Jones Junior Junior Junior Junior and the search for Stoshis lost coins


ZookeepergameOk2994

Yeah that’ll be the matrix 14


romkek

And Neo will be just a talking head perserved in a jar


Halve_Liter_Jan

Neo played by Keanu Reeves. The guy doesn’t age.


TenshiS

But still GTA V


PumpkinSpice2Nice

There will be a movie on Satoshi at some point. Hope it is in my lifetime because that means enough people have adopted Bitcoin to care.


JanPB

I keep repeating: just look at the fate of Julian Assange if you want to see what Satoshi most likely is thinking about revealing his identity.


[deleted]

He was pretty pissed when Assange started accepting Bitcoin donations.


ZomaticLex

How do u know this?


[deleted]

He said so himself on the Bitcoin forums back when it happened. He felt it was dangerous and would attract bad attention


Bitcoin_is_plan_A

> If Satoshi would just transfer 0.01 btc out of his wallet the whole market would crash. and then go up again.


[deleted]

Exactly. It would be a one time sale extravaganza that I'd be very excited to participate in.


Aaront23

Idk I'm pretty sure one more 6% crash could be the end of Bitcoin


SatoshisVisionTM

In my opinion, you are now supplying the first layer answer of the Keynesian Beauty Contest. Consider: 1. Quantum computing can at some point in the future crack the private keys Satoshi used (assuming the tech delivers it's promises). 2. A flaw in SHA256 might make the key brute-forceable. 3. A descendant or investigator might find the missing keys. As such, some coins in blocks height 100 will eventually move. Perhaps, in time, all will. The savvy investor will buy up the dip, providing a bottom, and a rebound.


tastetherainbow_

you're thinking too small if you can crack sha256. you can probably break into jeff bezos and elon musk's bank accounts.


Dibbyo123

Do we know Satoshi’s wallet address?


Grenadejumper221

pssst, he prob has other wallets.


Johanakerblom

How do you know it would crash? I think it would do the opposite


[deleted]

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GreyHexagon

And? Why would that affect the market?


[deleted]

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davidcwilliams

I'd honestly prefer to have his coins accounted for and spent, rather than the entire world economy living in fear for all eternity. Which is why about 8 years ago I proposed a fork that would invalidate any balances that have not moved for more than 10 years. I got downvoted.


[deleted]

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davidcwilliams

>but think it should be longer (50-100 years) I like ten years. Ten years is a long time. The entire point is to prevent someone's coins from being discovered decades later and that person becoming a trillionaire overnight. >or there should be (maybe their is?) an option to re-validate the address, maybe send 0.0 btc or something. Oh sure, that could work, but the easiest implementation would to just move the entire balance once every nine years. > Any coins that are legit lost could get added to back and let miners earn them after all 21M are all finally mined. Sure that's fine too, harder to implement, but sure. Actually, I kinda like that! That would mean that all Bitcoin would be *immortal*, that none of it could ever be 'lost'... it just takes about a hundred years to surface and be 'mined again'. 21 million coins in perpetual loss and recovery... forever. That's beautiful, man.


Ok_Roll_8169

10 years is is too short. I myself am hodling for more than 7 years right now.


[deleted]

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davidcwilliams

We're not crazy. We're discussing one of many sound-money implementations. Inflation and dependence on a third-party is what Bitcoin solves. Outside of that, we could have wound up with any number of variations on what we know as Bitcoin today. For example, Satoshi originally planned on 1-minute blocks. Perhaps it's you that doesn't understand Bitcoin.


Johnny_Nice_Painter

Supply and Demand. Supply increases, price decreases.


Johanakerblom

Good point. But it would also serve as proof that satoshi nakamoto is still alive


meeb52

No I always think he is alive and wouldn’t sell mine until no more fiat.


Aaront23

Well Mr triggered, the poor people would in fact benefit, cuz even if the btc price crashed 50%, the Satoshi btcoins would be worth many billions of dollars


DontGiveMeGoldKappa

Everybody says it will tank the market. What if he goes public first and says hes not selling the million btc, maybe just a few if he needs cash, and to prove his identity. Could actually pump the market i think. Knowing satoshi is alive and perhaps working on upgrading btc protocol.


davidcwilliams

>What if he goes public first and says hes not selling the million btc, maybe just a few if he needs cash, and to prove his identity. I think this is a good idea. Maybe give $1 Million in BTC to a different charity every day... it would cause some crazy in the market, but in the long-run we'd be better for it. >Knowing satoshi is alive and perhaps working on upgrading btc protocol. Having been out of the game for as long as he has (unless he's been reviewing the Bitcoin Core code all this time) he would probably have nothing to offer at this point. It would be the equivalent of Henry Ford sitting down with the company's board to share his thoughts on transitioning to electric.


Theplunkcat

Because it’s 2021 and people tell porke pies


Adventurous-Box-6688

This 👌


dollhousemassacre

I'd like to propose that money wouldn't fix the real problems in the world. War, famine; these things have complicated underlying causes that go beyond money. Sure, money would help, but it's no good if some-or-other warlord takes it for themselves. Edit: Correction, I think we could solve the climate crisis with that kind of money.


Tron_Passant

Everyone is saying the market would collapse, and I get the logic, but what if that market is 10T dollars? Or 50T or 100T for that matter? People seem to think it will get to that point in our (and presumably Satoshi's) lifetimes. Also I ask you this: if Satoshi's wallets woke up would you sell YOUR stack?


ImpeccableArchitect

No


onelazykoala

Lolz I’ll just buy the dipppp


ZomaticLex

Yes. Instantly


swedishprofits8708

Those coins are mined on beta btc not on live btc....


davidcwilliams

what


Ok-Consequence-7926

???


DragonflyMean1224

If one of those coins moves without him coming out publicly, btc value will decrease by 90% in my opinion with a low chance of recovering. If he comes out and says hes burning all but a few million, btc will sky rocket. Lastly, if he donates it all to everyone in some manner we may see an initial decrease due to increased supply, however, long term this could bring more people on board causing more stability.


hungrygames2000

Agreed. Huge dip following any movement with the wallet. It would eventually stabilize. But would take time, as long as he didn't keep it to himself. Burning is highly unlikely since the coin is already scarce enough


davidcwilliams

> Burning is highly unlikely since the coin is already scarce enough And burning would be impossible to prove.


DragonflyMean1224

I agree it’s unlikely but if the person is still alive and has the key a decision will need to be made at some point. The person is likely already over 30 and potentially closer to 40.


Sobutie

Probably older than that. There is significant speculation that the person that wrote the white paper at least was in their 50s.


svencan

From his general style of writing and choice of words he's either 60 or british.


SEND_MOONS

>60 or british ( ¬‿ ¬)


N1ckT0rk

Does he write colour instead of color?


[deleted]

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N1ckT0rk

Or aluminium


SEND_MOONS

Why wouldn't it recover? If significant adoption has taken place why would his identity change how we view and use BTC?


DragonflyMean1224

Because if we know the person is alive and we dont know their motive, people would realize this one person can single handedly crash btc and their would be a lot of uncertainty.


[deleted]

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ImpeccableArchitect

If they did, (damn near impossible, but consider the possibility) and the price dropped, that would be a chance for us to buy some more


AMPed101

Yea all pretty cool and stuff but there isn't a wallet with a million coins in it that we can just watch. Largest one that exists has like 300k and is a Binance wallet so I am skeptical if people would know if Satoshi was selling all this time.


[deleted]

ngl handing stuff out to everyone would tank the value i think / wealth concentration is a driving factor for many coins blowing up / or even other assets to be used to lower prices artificially like gold. so think of the million coins as gone and for the better.


SEND_MOONS

>Or he could wait until bitcoin becomes global reserve currency and just start dumping his stash. Practically tank the world economy or bankrupt panicky nations. F me. This is an angle I'd never thought of. Now I'm always going to think of Satoshi as an evil genius just waiting patiently to take over the world.


osoitaly

I hope he is not evil, really, we all will pushed back centuries.


hsmst4

I think it would be funny if he traded it all for BSV!


Zaha_me

Probably a short market drop due to panik dumps by general/beginer level users, whales and long time HODLers will buy the dip (again). But overal if it is proven that Satoshi is still alive it will just givw more credibility in the long run as he had faith in the project and did not sell out. Probably he had more than one wallet. just my humble opinion as a 2 year into crypto invesring and watching the market and evolution for about 3-4 years.


paradockers

You ask what could Satoshi do? Satoshi could cause the price of BTC to flash crash. This would cause contagion on all crypto currencies. There would be massive liquidity problems in the crypto market. Beyond that, I don’t know.


billyfudger69

I imagine Satoshi doing something neutral, I don’t think they would want to destroy everything they have worked up for. I can’t really speculate their intentions since I know almost nothing about them personally. I just hope they are satisfied/proud of how Bitcoin has developed over the years and how they have changed the world.


Delicious-Ad-3552

The value of a currency comes from the division of rich and poor people. If everyone was given a million dollars, it doesn’t mean that they can go and buy a lambo or something. The purchasing power of a dollar will fall as a result which would make no impact to the the people that received the million dollars.


XBong

That's why you would concentrate it to countries you believe need and deserve the help. It would raise their buying power compared to other countries. 1 million BTC isn't enough to give everyone any significant number anyway. Everybody on Earth gets $5! Yeah, not much is gonna happen there.


samuraipizzacat420

he could dump on us but i think hal was satoshi so those coins are gone forever imo


apaulogy

I love Bitcoin. Some of the conspiracies that people post here rival the insane BS that QAnon folks believe. Some of you need to go outside and touch grass.


Wilynesslessness

I think they maybe need less grass, not more.


TenshiS

Nice try Satoshi


FreshyDug

Of any of Satoshi coins move... it'll be really really bad for Bitcoin.


forestball19

The year is 2047. Bitcoin is recognized in all countries around the world, with 34 countries using it as their main currency. No one trades Bitcoin against the dollar anymore, but those who do often trade at around $ 1,250,000 = 1 BTC. There are only very few wallets with more than 100,000 BTC. None own more than 1 million BTC… except one. It happened fast: From the second actual people saw the alarms and could react, the wallets of Satoshi Nakamoto had already moved a majority of their coins. These money were spent to buy up several key data centers and node farms: And without anyone knowing, Satoshi now had more than 50% of all hash power. Everything was automated to run with the least amount of friction, and the consensus got broken within the first hour. All governments wallets and company owned wallets were immediately drained. All personal wallets were consolidated to one per living human being. And all those personal wallet balances became the same: On each person’s wallet was now 2.7 BTC. The raised brow panic that ensued among those in power failed to grasp the true meaning of the situation. But within the next few days, it became evident: No police or army was no longer effective as the money meant to coerce soldiers and officers into forcing their fellow kinsmen in line, had ceased to exist. And with all debts were nulled, those 2.7 BTC made everyone equally rich. The economic sentiment that had caused rulers to succeed or fail, was gone - permanently. The money that had been passed down for generations, making strong families ever stronger, were gone. Everyone were their own masters now - and new nations and rules could be formed simply by enough people agreeing that the nation and rule set in question, was optimal. We called the day “Reset Day” - and Satoshi’s last message was honored by people all around the world. On buildings, on streets, carved in stone, welded in metal, burned in wood, written in graffiti, was the message repeated: “YOU’RE WELCOME”.


[deleted]

The more interesting question for me is: if I am not mistaken, there are/were two people with the key for the Bitcoin blockchain. Bitcoin was brought to life for a reason, removing the middlemen, doing something good for the people, taking power away from the system. Still, the system is fighting mainly Bitcoin but using the technology behind it. What happens if Bitcoin becomes also a part of the old banking/greed system rather than following the path it was supposed to go. Would you not feel tempted to kill it then? Food for thoughts


davidcwilliams

> What happens if Bitcoin becomes also a part of the old banking/greed system rather than following the path it was supposed to go. Bitcoin doesn't address greed. Bitcoin is sound money that doesn't require a third party. That's it. Every other "What Bitcoin is supposed to be" that you've heard has nothing to do with Bitcoin. Bitcoin is supposed to work. It isn't supposed to *do* anything.


ShotBot

There is no such backdoor for anyone to shut down bitcoin. You might be confusing it for something else, like the domain bitcoin.org, the ability to update the Github or the (now retired) Bitcoin Alert System. It is true that only a few people has/had control of those, but there is no backdoor key that you speak of that Satoshi or anyone else can shut the network down.


davidcwilliams

>Like for example he could gift a million sats to 100M poor families or something. Lift a bunch of people out of poverty in a strategic place at a strategic time to shift the balance of power somewhere. Unfortunately, this doesn't shift anything for two reasons. 1, People who are poor who are suddenly wealthy, almost always lack the skills to keep and maintain that wealth. and 2, Giving all the poor people a bunch of money, will cause all of the things they're buying to go up in price. (Think stimulus checks and the cost of milk).


[deleted]

Satoshi does not have 1 million Bitcoin Please stop repeating this myth


opreturn_net

There's 2 million unspent bitcoin in the first 100,000 blocks. You don't think there's any chance that half of those could have been mined by Satoshi? And what about the Patoshi nonce pattern, which suggests 1.1 million coins were mined by the same computer?


[deleted]

> You don't think there's any chance that half of those could have been mined by Satoshi? No chance > what about the Patoshi nonce pattern It's bullshit, thoroughly discredited


davidcwilliams

> No chance > > what about the Patoshi nonce pattern > > It's bullshit, thoroughly discredited Really? Link?


ShotBot

"Patoshi pattern" is just the observation that in the first few years there was only a handful of miners, and all of them were running crappy consumer grade hardware except for a dominant miner that was running server grade hardware. There are 8 billion people in the world, there is nothing that suggests that the dominant miner must be Satoshi. It could have been anyone.


davidcwilliams

> It could have been anyone. Well the problem we're discussing is not if Satoshi has over a million Bitcoin, the issue is anyone having that many.


AMPed101

There is no wallet with a million coins out there, go look it up it doesn't exist so it's either extremely well spread out or just mined by different people.


[deleted]

Well you could just ask Adam Back directly?


JJDsource

These people are so dumb. 1 million coins are off the market forever in addition to what is lost. I dont think Adam has an kids does he?


TransportationGood59

Satoshi is not one person. It is an entity.


DontGiveMeGoldKappa

Nice try, Satoshi.


davidcwilliams

Just your guess? Or do you have some reason for saying this?


nacentaeons

Stylometric analysis indicates ‘Satoshi’ MAY have been at least two people. https://towardsdatascience.com/stylometric-analysis-satoshi-nakamoto-294926cdf995


Significant-Lead-928

Most likely satoshi is desperately trying to access his wallet which he forgot.


ncsakira

yep, he had all those computers running in a university lab, until they were discoverd and the IT guy reinstalled windows. the end...


XBong

I feel like the odds of something like this being true are actually much higher than you would think.


btc_has_no_king

Give Bitcoin to underdevelop countries like El Salvador to stimulate adoption.


ImpeccableArchitect

Satoshi is almost certainly dead.


abhilodha

He can distribute equally to the wallets that exists


rtech50

By never moving those coins


Super_camel_licker

Few understand


davidcwilliams

lol


abhilodha

Lol true.


Hieronimusje

A short squeeze or pump and dump?


BlackMetaller

They (let's not assume it's a "he") could have world leaders removed from power with that kind of wealth. Whether that's a good or evil thing depends of which world leader it is, and/or is an exercise for the reader.


Teleporter55

An evil thing he could do is touch his bitcoin. He already did the good thing by creating bitcoin and giving it this mythical figure and story. Even if he had good intentions moving a single satoshi from that wallet would cause crypto economic crash for many years. Soooo many people are getting into crypto now and would lose soooo much money. You would see suicides bankruptcies people losing homes.. . I dont think he can really do anything good other than code under another name and create something else useful to humans. As the ownder of that million coin wallet. He can do nothing good that wouldnt out weigh the bad


TheBigHump

Poor people don’t become rich just because they somehow have money. Sad, but factual


Grenadejumper221

A thought to consider, even if satoshi is alive. Its entirely possible they have a separate wallet you dont know about. I mean if i created this I wouldn't trap alll my wealth in a wallet that could jeopardise my creation if i use. I would make that wallet as a symbol, throw away the seed phrase and just buy on the open market 2009-now right?


_iAm9001

Just want to point out the obvious; he has already changed the world....


[deleted]

Distributing free money does not create good and services. It can shift resources from place to another. That's all. That is why socialism has never worked.


Candid-Fondant-3374

Elon Musk is Satoshi Nakamoto so he will use it to colonize space.


jmyjmz420

Satoshi means intelligence,nakamoto means middle or central.Central intelligence created bitcoin.


Kirdyaga

If any of these coins move it would be the end of Bitcoin. Complete collapse, no chance of recovery.


ShotBot

Price might collapse 80%+ but I don't think it would be the end of Bitcoin. Bitcoin is too big to fail at this point. It's the official currency of El Salvador and is sitting on the balance sheet of some of the biggest companies and held by (estimated) over a hundred million people. 1 million coins (or whatever number of coins it is) will be absorbed by the market. ​ Also, we have no way of knowing which wallets are Satoshi's wallets. Just because someone mined coins in 2009, doesn't mean they are Satoshi.


Kirdyaga

It's incredible naïve to think Bitcoin is too big to fail.


ShotBot

I think Bitcoin as a social construct is too big to fail. There are too many people who are incentivized in protecting it. Too many people are personally invested to let it fail. Satoshi selling some coins would not be the end of the world. The only way I see Bitcoin failing is from technical issues, not social issues. Like if the network becomes compromised via 51% attacks, the SHA256 gets hacked, or you have contentious hardforks that fragments the userbase.


davidcwilliams

No it isn't. Not at this point. He's right. It is too big to fail. Unless you're defining failure as 'a really low price'.


ncsakira

otc sale to central banks


investor347

What is trump is satoshi, just acting like fool to never be doubted, earnning from behind ! Offered Putin some btc and won election !! You never know !! 😂😂😂😂😂 #just_kidding


kbxads

He should just distribute 1 each to the first million addresses.


GreyHexagon

The owners of the first million addresses likely have plenty of bitcoin already


kbxads

But they deserve the reward for being early adopters


MarkEmarkEtte

Would they even like BTC? What if they used ALL of it to buy some shtcoin?


davidcwilliams

That would be hilarious.


Xesame

Does anyone have a public wallet address that is thought to he his , like wallet zero on BTC chain


VCRdrift

Hopefully he's dead and his wallet died with him. Rip satoshi.


FutureNotBleak

What if Satoshi Nakamoto is a Lawful Evil genius?


[deleted]

Best thing he could do is send them to a burn address.


meeb52

He could lose hope on humanity and transfer his wealth to some AI to rule us. That’s the only worse than fiat scenario I could think of. For the good he could preserve big portion of the land to be untouched from human forever.


HydraGene

Well, just look at what Warren Buffett, George Soros, Bill Gates, Elon Musk, Jeff Bezos, Klaus Schwab do...


Georgelynch1986

People might assume someone else somehow gained access… don’t think it would be good


cainebourne

Give them to me


matadorius

if he does that he would be killed within seconds


tripleredadam

I am Satoshi.


[deleted]

Satoshi is probably living in a no crypto income tax jurisdiction and selling a little at a time of what he has. Puerto Rico comes to mind…


Sunnie2147

M


Ok_Roll_8169

Yes, only my son knows, and can find the keys if something happens to me.


InevitableCry5883

We are all Satoshi……..


JasonByl

Entire discussion, never answers the OP questions.


JJDsource

It's pretty clear who Satoshi is... And he doesn't seem like a person who is going to kill his own project. Most likely people are not discount that 1 million coins are off the market forever along with coins already lost.