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Why didn't the Bitcoin inventor ever cash out?

Didn't want to be the richest guy in the world?
High-end lake den
  04/28/24
He died in like 2011
vibrant parlor weed whacker
  04/28/24
tp.
useless abode sound barrier
  04/28/24
...
Clear bawdyhouse
  05/02/24
To be fair, Either the creator has been dead for awhile, ...
Sable Thirsty Stain Double Fault
  04/28/24
its szabo. he probably deleted the keys. but he's also just ...
Vermilion reading party point
  04/29/24
why bother
cyan dingle berry
  04/29/24
I can think of three possibilities off the top of my head: ...
Insanely Creepy Honey-headed Casino Personal Credit Line
  04/29/24
To be fair, 3 isn't really legitimate, because he could e...
Sable Thirsty Stain Double Fault
  04/29/24
Could have other wallets that he converts to fiat. Not too f...
mint magical box office fortuitous meteor
  04/29/24
Cr, he (or they, if it was a group) could have had other wal...
rough-skinned gas station deer antler
  04/29/24
*he, or SHE, or they
infuriating bateful dysfunction national
  05/02/24
...
useless abode sound barrier
  05/02/24
Yeah, 3) probably isn't an issue now, but it would have been...
Insanely Creepy Honey-headed Casino Personal Credit Line
  05/01/24
Bitcoin was described by the NSA years before the Satoshi pa...
Startling galvanic shitlib brunch
  05/01/24
Link
mint magical box office fortuitous meteor
  05/01/24
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...
Startling galvanic shitlib brunch
  05/02/24
this has nothing to do with bitcoin and doesn't say anything...
Vermilion reading party point
  05/02/24
ok
Startling galvanic shitlib brunch
  05/02/24
Nick Szabo has been very clear he didn’t get into this...
Startled canary center ratface
  05/01/24
because he doesnt want to out himself?
transparent hunting ground location
  05/01/24
He did. Gatormo diversified years ago
Vivacious peach lettuce messiness
  05/01/24
The greatest strength a man can show is his own self control...
Emerald soul-stirring mediation
  05/02/24
how do people know which bitcoins were the “first&rdqu...
Plum Lascivious Pocket Flask Cumskin
  05/02/24
His wallet fell down a storm drain
topaz parlour
  05/02/24


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Reply Favorite

Date: April 28th, 2024 10:33 PM
Author: High-end lake den

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: vibrant parlor weed whacker

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: useless abode sound barrier

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: Clear bawdyhouse



(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: Sable Thirsty Stain Double Fault

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: Vermilion reading party point

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: cyan dingle berry

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: Insanely Creepy Honey-headed Casino Personal Credit Line

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: Sable Thirsty Stain Double Fault

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: mint magical box office fortuitous meteor

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 gas station deer antler

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: infuriating bateful dysfunction national

*he, or SHE, or they

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



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Date: May 2nd, 2024 9:35 AM
Author: useless abode sound barrier



(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: Insanely Creepy Honey-headed Casino Personal Credit Line

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: Startling galvanic shitlib brunch

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: mint magical box office fortuitous meteor

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: Startling galvanic shitlib brunch

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: Vermilion reading party point

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: Startling galvanic shitlib brunch

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: Startled canary center ratface

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: transparent hunting ground location

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: Vivacious peach lettuce messiness

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: Emerald soul-stirring mediation

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: Plum Lascivious Pocket Flask Cumskin

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: topaz parlour

His wallet fell down a storm drain

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