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Why didn't the Bitcoin inventor ever cash out?

Didn't want to be the richest guy in the world?
Vermilion adventurous forum
  04/28/24
He died in like 2011
Frisky obsidian sandwich area
  04/28/24
tp.
Racy pocket flask
  04/28/24
...
beady-eyed violet abode tank
  05/02/24
To be fair, Either the creator has been dead for awhile, ...
Odious blood rage chapel
  04/28/24
its szabo. he probably deleted the keys. but he's also just ...
Sapphire histrionic scourge upon the earth
  04/29/24
why bother
Cerebral preventive strike nowag
  04/29/24
I can think of three possibilities off the top of my head: ...
Aromatic harsh hospital
  04/29/24
To be fair, 3 isn't really legitimate, because he could e...
Odious blood rage chapel
  04/29/24
Could have other wallets that he converts to fiat. Not too f...
kink-friendly gas station
  04/29/24
Cr, he (or they, if it was a group) could have had other wal...
rough-skinned step-uncle's house
  04/29/24
*he, or SHE, or they
carmine spot athletic conference
  05/02/24
...
Racy pocket flask
  05/02/24
Yeah, 3) probably isn't an issue now, but it would have been...
Aromatic harsh hospital
  05/01/24
Bitcoin was described by the NSA years before the Satoshi pa...
Seedy bateful station ratface
  05/01/24
Link
kink-friendly gas station
  05/01/24
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...
Seedy bateful station ratface
  05/02/24
this has nothing to do with bitcoin and doesn't say anything...
Sapphire histrionic scourge upon the earth
  05/02/24
ok
Seedy bateful station ratface
  05/02/24
Nick Szabo has been very clear he didn’t get into this...
sienna telephone
  05/01/24
because he doesnt want to out himself?
Internet-worthy comical church psychic
  05/01/24
He did. Gatormo diversified years ago
Clear razzmatazz cumskin
  05/01/24
The greatest strength a man can show is his own self control...
Thriller Hall
  05/02/24
how do people know which bitcoins were the “first&rdqu...
hideous geriatric sanctuary
  05/02/24
His wallet fell down a storm drain
maniacal azure pistol
  05/02/24


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Reply Favorite

Date: April 28th, 2024 10:33 PM
Author: Vermilion adventurous forum

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: Frisky obsidian sandwich area

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: Racy pocket flask

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: beady-eyed violet abode tank



(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: Odious blood rage chapel

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: Sapphire histrionic scourge upon the earth

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: Cerebral preventive strike nowag

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: Aromatic harsh 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)



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Date: April 29th, 2024 5:41 AM
Author: Odious blood rage chapel

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: kink-friendly gas station

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: rough-skinned step-uncle's house

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: carmine spot athletic conference

*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: Racy pocket flask



(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: Aromatic harsh 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: Seedy bateful station ratface

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: kink-friendly gas station

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: Seedy bateful station ratface

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: Sapphire histrionic scourge upon the earth

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: Seedy bateful station ratface

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: sienna telephone

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: Internet-worthy comical church psychic

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: Clear razzmatazz cumskin

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: Thriller Hall

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: hideous geriatric sanctuary

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: maniacal azure pistol

His wallet fell down a storm drain

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