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Why didn't the Bitcoin inventor ever cash out?

Didn't want to be the richest guy in the world?
Turquoise Corner
  04/28/24
He died in like 2011
Navy Mexican
  04/28/24
tp.
Curious Submissive Volcanic Crater Clown
  04/28/24
...
Sienna public bath patrolman
  05/02/24
To be fair, Either the creator has been dead for awhile, ...
Razzle-dazzle Prole
  04/28/24
its szabo. he probably deleted the keys. but he's also just ...
talented nubile market sandwich
  04/29/24
why bother
Self-centered walnut space juggernaut
  04/29/24
I can think of three possibilities off the top of my head: ...
aquamarine hospital
  04/29/24
To be fair, 3 isn't really legitimate, because he could e...
Razzle-dazzle Prole
  04/29/24
Could have other wallets that he converts to fiat. Not too f...
Wonderful Irate Ticket Booth Wrinkle
  04/29/24
Cr, he (or they, if it was a group) could have had other wal...
beady-eyed windowlicker headpube
  04/29/24
*he, or SHE, or they
Flushed Lascivious Theater Dopamine
  05/02/24
...
Curious Submissive Volcanic Crater Clown
  05/02/24
Yeah, 3) probably isn't an issue now, but it would have been...
aquamarine hospital
  05/01/24
Bitcoin was described by the NSA years before the Satoshi pa...
Zombie-like ultramarine step-uncle's house doctorate
  05/01/24
Link
Wonderful Irate Ticket Booth Wrinkle
  05/01/24
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...
Zombie-like ultramarine step-uncle's house doctorate
  05/02/24
this has nothing to do with bitcoin and doesn't say anything...
talented nubile market sandwich
  05/02/24
ok
Zombie-like ultramarine step-uncle's house doctorate
  05/02/24
Nick Szabo has been very clear he didn’t get into this...
Dashing pungent legend
  05/01/24
because he doesnt want to out himself?
black brunch blood rage
  05/01/24
He did. Gatormo diversified years ago
fantasy-prone slap-happy useless brakes preventive strike
  05/01/24
The greatest strength a man can show is his own self control...
Citrine disturbing bawdyhouse
  05/02/24
how do people know which bitcoins were the “first&rdqu...
hilarious toaster
  05/02/24
His wallet fell down a storm drain
Charismatic tantric idiot
  05/02/24


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Reply Favorite

Date: April 28th, 2024 10:33 PM
Author: Turquoise Corner

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

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



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Date: April 28th, 2024 10:47 PM
Author: Navy Mexican

He died in like 2011

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



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Date: April 28th, 2024 10:47 PM
Author: Curious Submissive Volcanic Crater Clown

tp.

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



Reply Favorite

Date: May 2nd, 2024 10:19 PM
Author: Sienna public bath patrolman



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



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Date: April 28th, 2024 10:49 PM
Author: Razzle-dazzle Prole

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: talented nubile market sandwich

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: Self-centered walnut space juggernaut

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: aquamarine hospital

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: Razzle-dazzle Prole

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: Wonderful Irate Ticket Booth Wrinkle

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: beady-eyed windowlicker headpube

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: Flushed Lascivious Theater Dopamine

*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: Curious Submissive Volcanic Crater Clown



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



Reply Favorite

Date: May 1st, 2024 1:33 PM
Author: aquamarine hospital

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: Zombie-like ultramarine step-uncle's house doctorate

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: Wonderful Irate Ticket Booth Wrinkle

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: Zombie-like ultramarine step-uncle's house doctorate

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: talented nubile market sandwich

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: Zombie-like ultramarine step-uncle's house doctorate

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: Dashing pungent legend

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: black brunch blood rage

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: fantasy-prone slap-happy useless brakes preventive strike

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: Citrine disturbing bawdyhouse

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: hilarious toaster

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: Charismatic tantric idiot

His wallet fell down a storm drain

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