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Why didn't the Bitcoin inventor ever cash out?

Didn't want to be the richest guy in the world?
copper titillating place of business cruise ship
  04/28/24
He died in like 2011
Milky Curious Turdskin Foreskin
  04/28/24
tp.
Unholy Box Office
  04/28/24
...
salmon talented dopamine party of the first part
  05/02/24
To be fair, Either the creator has been dead for awhile, ...
Flirting state sandwich
  04/28/24
its szabo. he probably deleted the keys. but he's also just ...
Bat shit crazy wrinkle
  04/29/24
why bother
scarlet alcoholic death wish
  04/29/24
I can think of three possibilities off the top of my head: ...
Adventurous sex offender library
  04/29/24
To be fair, 3 isn't really legitimate, because he could e...
Flirting state sandwich
  04/29/24
Could have other wallets that he converts to fiat. Not too f...
green idiot
  04/29/24
Cr, he (or they, if it was a group) could have had other wal...
kink-friendly spruce gas station black woman
  04/29/24
*he, or SHE, or they
Crusty Boyish Chapel
  05/02/24
...
Unholy Box Office
  05/02/24
Yeah, 3) probably isn't an issue now, but it would have been...
Adventurous sex offender library
  05/01/24
Bitcoin was described by the NSA years before the Satoshi pa...
Fuchsia area coldplay fan
  05/01/24
Link
green idiot
  05/01/24
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...
Fuchsia area coldplay fan
  05/02/24
this has nothing to do with bitcoin and doesn't say anything...
Bat shit crazy wrinkle
  05/02/24
ok
Fuchsia area coldplay fan
  05/02/24
Nick Szabo has been very clear he didn’t get into this...
greedy deer antler
  05/01/24
because he doesnt want to out himself?
Exhilarant Pit Ratface
  05/01/24
He did. Gatormo diversified years ago
Charismatic talking school
  05/01/24
The greatest strength a man can show is his own self control...
Marvelous Maroon Orchestra Pit
  05/02/24
how do people know which bitcoins were the “first&rdqu...
Razzmatazz Alcoholic Locus Pocket Flask
  05/02/24
His wallet fell down a storm drain
Opaque trump supporter gaming laptop
  05/02/24


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Reply Favorite

Date: April 28th, 2024 10:33 PM
Author: copper titillating place of business cruise ship

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: Milky Curious Turdskin Foreskin

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: Unholy Box Office

tp.

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



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Date: May 2nd, 2024 10:19 PM
Author: salmon talented dopamine party of the first part



(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: Flirting state sandwich

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: Bat shit crazy wrinkle

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: scarlet alcoholic death wish

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: Adventurous sex offender library

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)



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Date: April 29th, 2024 5:41 AM
Author: Flirting state sandwich

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: green idiot

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: kink-friendly spruce gas station black woman

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: Crusty Boyish Chapel

*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: Unholy Box Office



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



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Date: May 1st, 2024 1:33 PM
Author: Adventurous sex offender library

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: Fuchsia area coldplay fan

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: green idiot

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: Fuchsia area coldplay fan

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: Bat shit crazy wrinkle

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)



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Date: May 2nd, 2024 10:11 PM
Author: Fuchsia area coldplay fan

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: greedy deer antler

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: Exhilarant Pit Ratface

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: Charismatic talking school

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: Marvelous Maroon Orchestra Pit

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: Razzmatazz Alcoholic Locus Pocket Flask

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: Opaque trump supporter gaming laptop

His wallet fell down a storm drain

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