\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Why didn't the Bitcoin inventor ever cash out?

Didn't want to be the richest guy in the world?
Topaz Boiling Water
  04/28/24
He died in like 2011
appetizing nudist masturbator
  04/28/24
tp.
Pungent Plaza Corn Cake
  04/28/24
...
Misunderstood ungodly stead international law enforcement agency
  05/02/24
To be fair, Either the creator has been dead for awhile, ...
buff electric furnace dragon
  04/28/24
its szabo. he probably deleted the keys. but he's also just ...
Alcoholic mahogany gunner
  04/29/24
why bother
floppy mewling office
  04/29/24
I can think of three possibilities off the top of my head: ...
Stirring khaki voyeur
  04/29/24
To be fair, 3 isn't really legitimate, because he could e...
buff electric furnace dragon
  04/29/24
Could have other wallets that he converts to fiat. Not too f...
anal skinny woman address
  04/29/24
Cr, he (or they, if it was a group) could have had other wal...
chocolate cerebral roast beef
  04/29/24
*he, or SHE, or they
passionate cerise principal's office turdskin
  05/02/24
...
Pungent Plaza Corn Cake
  05/02/24
Yeah, 3) probably isn't an issue now, but it would have been...
Stirring khaki voyeur
  05/01/24
Bitcoin was described by the NSA years before the Satoshi pa...
Irradiated national security agency
  05/01/24
Link
anal skinny woman address
  05/01/24
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...
Irradiated national security agency
  05/02/24
this has nothing to do with bitcoin and doesn't say anything...
Alcoholic mahogany gunner
  05/02/24
ok
Irradiated national security agency
  05/02/24
Nick Szabo has been very clear he didn’t get into this...
Maniacal gas station
  05/01/24
because he doesnt want to out himself?
pontificating infuriating clown sneaky criminal
  05/01/24
He did. Gatormo diversified years ago
Low-t ticket booth
  05/01/24
The greatest strength a man can show is his own self control...
plum brethren
  05/02/24
how do people know which bitcoins were the “first&rdqu...
Shivering Hall Keepsake Machete
  05/02/24
His wallet fell down a storm drain
Snowy Yarmulke
  05/02/24


Poast new message in this thread



Reply Favorite

Date: April 28th, 2024 10:33 PM
Author: Topaz Boiling Water

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: appetizing nudist masturbator

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: Pungent Plaza Corn Cake

tp.

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



Reply Favorite

Date: May 2nd, 2024 10:19 PM
Author: Misunderstood ungodly stead international law enforcement agency



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



Reply Favorite

Date: April 28th, 2024 10:49 PM
Author: buff electric furnace dragon

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)



Reply Favorite

Date: April 29th, 2024 12:37 AM
Author: Alcoholic mahogany gunner

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)



Reply Favorite

Date: April 29th, 2024 1:21 AM
Author: floppy mewling office

why bother

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



Reply Favorite

Date: April 29th, 2024 4:41 AM
Author: Stirring khaki voyeur

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: buff electric furnace dragon

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)



Reply Favorite

Date: April 29th, 2024 7:09 AM
Author: anal skinny woman address

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)



Reply Favorite

Date: April 29th, 2024 8:10 AM
Author: chocolate cerebral roast beef

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)



Reply Favorite

Date: May 2nd, 2024 12:39 AM
Author: passionate cerise principal's office turdskin

*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: Pungent Plaza Corn Cake



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



Reply Favorite

Date: May 1st, 2024 1:33 PM
Author: Stirring khaki voyeur

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)



Reply Favorite

Date: May 1st, 2024 1:49 PM
Author: Irradiated national security agency

Bitcoin was described by the NSA years before the Satoshi paper

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



Reply Favorite

Date: May 1st, 2024 6:54 PM
Author: anal skinny woman address

Link

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



Reply Favorite

Date: May 2nd, 2024 12:15 AM
Author: Irradiated national security agency

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)



Reply Favorite

Date: May 2nd, 2024 12:29 AM
Author: Alcoholic mahogany gunner

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: Irradiated national security agency

ok

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



Reply Favorite

Date: May 1st, 2024 1:54 PM
Author: Maniacal gas station

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)



Reply Favorite

Date: May 1st, 2024 1:59 PM
Author: pontificating infuriating clown sneaky criminal

because he doesnt want to out himself?

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



Reply Favorite

Date: May 1st, 2024 6:55 PM
Author: Low-t ticket booth

He did. Gatormo diversified years ago

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



Reply Favorite

Date: May 2nd, 2024 12:43 AM
Author: plum brethren

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)



Reply Favorite

Date: May 2nd, 2024 1:31 AM
Author: Shivering Hall Keepsake Machete

how do people know which bitcoins were the “first”

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



Reply Favorite

Date: May 2nd, 2024 1:38 AM
Author: Snowy Yarmulke

His wallet fell down a storm drain

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