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Why didn't the Bitcoin inventor ever cash out?

Didn't want to be the richest guy in the world?
heady national
  04/28/24
He died in like 2011
offensive church building electric furnace
  04/28/24
tp.
cracking messiness
  04/28/24
...
low-t love of her life cumskin
  05/02/24
To be fair, Either the creator has been dead for awhile, ...
nudist cordovan mexican school
  04/28/24
its szabo. he probably deleted the keys. but he's also just ...
hyperactive trip dilemma blood rage
  04/29/24
why bother
learning disabled slippery stage
  04/29/24
I can think of three possibilities off the top of my head: ...
Fighting kitty sweet tailpipe
  04/29/24
To be fair, 3 isn't really legitimate, because he could e...
nudist cordovan mexican school
  04/29/24
Could have other wallets that he converts to fiat. Not too f...
internet-worthy ceo
  04/29/24
Cr, he (or they, if it was a group) could have had other wal...
Flushed Irradiated Kitchen Community Account
  04/29/24
*he, or SHE, or they
Smoky stock car
  05/02/24
...
cracking messiness
  05/02/24
Yeah, 3) probably isn't an issue now, but it would have been...
Fighting kitty sweet tailpipe
  05/01/24
Bitcoin was described by the NSA years before the Satoshi pa...
Silver floppy round eye
  05/01/24
Link
internet-worthy ceo
  05/01/24
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...
Silver floppy round eye
  05/02/24
this has nothing to do with bitcoin and doesn't say anything...
hyperactive trip dilemma blood rage
  05/02/24
ok
Silver floppy round eye
  05/02/24
Nick Szabo has been very clear he didn’t get into this...
Vigorous Poppy Stag Film
  05/01/24
because he doesnt want to out himself?
electric home
  05/01/24
He did. Gatormo diversified years ago
razzle-dazzle pearl corner
  05/01/24
The greatest strength a man can show is his own self control...
purple talented brunch
  05/02/24
how do people know which bitcoins were the “first&rdqu...
at-the-ready regret boistinker
  05/02/24
His wallet fell down a storm drain
hateful property deer antler
  05/02/24


Poast new message in this thread



Reply Favorite

Date: April 28th, 2024 10:33 PM
Author: heady national

Didn't want to be the richest guy in the world?

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47616774)



Reply Favorite

Date: April 28th, 2024 10:47 PM
Author: offensive church building electric furnace

He died in like 2011

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47616824)



Reply Favorite

Date: April 28th, 2024 10:47 PM
Author: cracking messiness

tp.

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47616825)



Reply Favorite

Date: May 2nd, 2024 10:19 PM
Author: low-t love of her life cumskin



(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47629840)



Reply Favorite

Date: April 28th, 2024 10:49 PM
Author: nudist cordovan mexican school

To be fair,

Either the creator has been dead for awhile, or it was indeed literally a product of the Deep State.

Those are the only two possibilities that make any sense.

(In b4 (((Consuela))) rushes in here to assure us all that only a "total retard" would possible believe that the former is a possibility, trust me I know these things etc.)

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47616829)



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Date: April 29th, 2024 12:37 AM
Author: hyperactive trip dilemma blood rage

its szabo. he probably deleted the keys. but he's also just insane enough to leave it sitting there.



(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47617036)



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Date: April 29th, 2024 1:21 AM
Author: learning disabled slippery stage

why bother

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47617081)



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Date: April 29th, 2024 4:41 AM
Author: Fighting kitty sweet tailpipe

I can think of three possibilities off the top of my head:

1) He's dead.

2) He lost his keys for whatever reason.

3) If he were to sell, that would signal to the market that he doesn't believe in his own creation, which could cause the market to collapse. Sort of like when insiders at a company start selling their shares.

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47617260)



Reply Favorite

Date: April 29th, 2024 5:41 AM
Author: nudist cordovan mexican school

To be fair,

3 isn't really legitimate, because he could easily sell a few BTC here and there every so often and make some nice change from doing it and no one would freak out.

The mystery is why massive amounts have sat totally untouched in wallets for 15+ years now with absolutely no movement whatsoever.

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47617265)



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Date: April 29th, 2024 7:09 AM
Author: internet-worthy ceo

Could have other wallets that he converts to fiat. Not too far fetched that leaving that particular wallet untouched was part of the initial plan.

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47617301)



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Date: April 29th, 2024 8:10 AM
Author: Flushed Irradiated Kitchen Community Account

Cr, he (or they, if it was a group) could have had other wallets that they cashed out.

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47617348)



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Date: May 2nd, 2024 12:39 AM
Author: Smoky stock car

*he, or SHE, or they

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47627053)



Reply Favorite

Date: May 2nd, 2024 9:35 AM
Author: cracking messiness



(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47627555)



Reply Favorite

Date: May 1st, 2024 1:33 PM
Author: Fighting kitty sweet tailpipe

Yeah, 3) probably isn't an issue now, but it would have been a consideration 10-15 years ago. And if he didn't sell in the early days, that makes it more like that 1) or 2) happened between then and now.

Having said that, it's also possible that he is a true believer that believes that crypto will replace fiat (which will become worthless) and that there is no reason to ever convert crypto to fiat. It's also possible that he values his anonymity more than being rich and knows that if he started selling his stash, his anonymity would probably be blown.

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47625194)



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Date: May 1st, 2024 1:49 PM
Author: Silver floppy round eye

Bitcoin was described by the NSA years before the Satoshi paper

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47625240)



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Date: May 1st, 2024 6:54 PM
Author: internet-worthy ceo

Link

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47626320)



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Date: May 2nd, 2024 12:15 AM
Author: Silver floppy round eye

https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47627030)



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Date: May 2nd, 2024 12:29 AM
Author: hyperactive trip dilemma blood rage

this has nothing to do with bitcoin and doesn't say anything that wouldn't be old news to anyone who read cypherpunks at the time



(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47627036)



Reply Favorite

Date: May 2nd, 2024 10:11 PM
Author: Silver floppy round eye

ok

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47629826)



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Date: May 1st, 2024 1:54 PM
Author: Vigorous Poppy Stag Film

Nick Szabo has been very clear he didn’t get into this to make himself rich

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47625255)



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Date: May 1st, 2024 1:59 PM
Author: electric home

because he doesnt want to out himself?

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47625275)



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Date: May 1st, 2024 6:55 PM
Author: razzle-dazzle pearl corner

He did. Gatormo diversified years ago

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47626323)



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Date: May 2nd, 2024 12:43 AM
Author: purple talented brunch

The greatest strength a man can show is his own self control

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47627057)



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Date: May 2nd, 2024 1:31 AM
Author: at-the-ready regret boistinker

how do people know which bitcoins were the “first”

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47627099)



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Date: May 2nd, 2024 1:38 AM
Author: hateful property deer antler

His wallet fell down a storm drain

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47627110)