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Why didn't the Bitcoin inventor ever cash out?

Didn't want to be the richest guy in the world?
big field
  04/28/24
He died in like 2011
Flushed yarmulke round eye
  04/28/24
tp.
Rusted Pit Famous Landscape Painting
  04/28/24
...
Mind-boggling dopamine
  05/02/24
To be fair, Either the creator has been dead for awhile, ...
French hell trump supporter
  04/28/24
its szabo. he probably deleted the keys. but he's also just ...
adventurous crawly temple gunner
  04/29/24
why bother
Ultramarine Alcoholic Business Firm
  04/29/24
I can think of three possibilities off the top of my head: ...
Irate resort tank
  04/29/24
To be fair, 3 isn't really legitimate, because he could e...
French hell trump supporter
  04/29/24
Could have other wallets that he converts to fiat. Not too f...
useless umber orchestra pit
  04/29/24
Cr, he (or they, if it was a group) could have had other wal...
Ungodly stirring public bath
  04/29/24
*he, or SHE, or they
talented school cafeteria
  05/02/24
...
Rusted Pit Famous Landscape Painting
  05/02/24
Yeah, 3) probably isn't an issue now, but it would have been...
Irate resort tank
  05/01/24
Bitcoin was described by the NSA years before the Satoshi pa...
Free-loading quadroon
  05/01/24
Link
useless umber orchestra pit
  05/01/24
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...
Free-loading quadroon
  05/02/24
this has nothing to do with bitcoin and doesn't say anything...
adventurous crawly temple gunner
  05/02/24
ok
Free-loading quadroon
  05/02/24
Nick Szabo has been very clear he didn’t get into this...
excitant internet-worthy office
  05/01/24
because he doesnt want to out himself?
Lascivious set
  05/01/24
He did. Gatormo diversified years ago
rebellious aggressive lay lettuce
  05/01/24
The greatest strength a man can show is his own self control...
stimulating theater
  05/02/24
how do people know which bitcoins were the “first&rdqu...
Razzmatazz obsidian puppy
  05/02/24
His wallet fell down a storm drain
Deep motley kitchen
  05/02/24


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Reply Favorite

Date: April 28th, 2024 10:33 PM
Author: big field

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: Flushed yarmulke round eye

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: Rusted Pit Famous Landscape Painting

tp.

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



Reply Favorite

Date: May 2nd, 2024 10:19 PM
Author: Mind-boggling dopamine



(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: French hell trump supporter

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: adventurous crawly temple 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)



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Date: April 29th, 2024 1:21 AM
Author: Ultramarine Alcoholic Business Firm

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: Irate resort tank

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: French hell trump supporter

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: useless umber orchestra pit

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: Ungodly stirring public bath

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: talented school cafeteria

*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: Rusted Pit Famous Landscape Painting



(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: Irate resort tank

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: Free-loading quadroon

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: useless umber orchestra pit

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: Free-loading quadroon

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: adventurous crawly temple 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: Free-loading quadroon

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: excitant internet-worthy office

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: Lascivious set

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: rebellious aggressive lay lettuce

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: stimulating theater

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 obsidian puppy

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: Deep motley kitchen

His wallet fell down a storm drain

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