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Why didn't the Bitcoin inventor ever cash out?

Didn't want to be the richest guy in the world?
elite queen of the night native
  04/28/24
He died in like 2011
khaki cracking theater philosopher-king
  04/28/24
tp.
irradiated orchid school cafeteria puppy
  04/28/24
...
turquoise swollen fanboi
  05/02/24
To be fair, Either the creator has been dead for awhile, ...
Vigorous bonkers tank theatre
  04/28/24
its szabo. he probably deleted the keys. but he's also just ...
Fragrant mexican headpube
  04/29/24
why bother
flirting brethren mad-dog skullcap
  04/29/24
I can think of three possibilities off the top of my head: ...
odious hilarious brunch
  04/29/24
To be fair, 3 isn't really legitimate, because he could e...
Vigorous bonkers tank theatre
  04/29/24
Could have other wallets that he converts to fiat. Not too f...
Chrome Organic Girlfriend Lay
  04/29/24
Cr, he (or they, if it was a group) could have had other wal...
comical twinkling uncleanness rehab
  04/29/24
*he, or SHE, or they
Diverse telephone parlor
  05/02/24
...
irradiated orchid school cafeteria puppy
  05/02/24
Yeah, 3) probably isn't an issue now, but it would have been...
odious hilarious brunch
  05/01/24
Bitcoin was described by the NSA years before the Satoshi pa...
Disturbing cocky box office
  05/01/24
Link
Chrome Organic Girlfriend Lay
  05/01/24
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...
Disturbing cocky box office
  05/02/24
this has nothing to do with bitcoin and doesn't say anything...
Fragrant mexican headpube
  05/02/24
ok
Disturbing cocky box office
  05/02/24
Nick Szabo has been very clear he didn’t get into this...
bateful hall
  05/01/24
because he doesnt want to out himself?
cheese-eating charismatic coldplay fan digit ratio
  05/01/24
He did. Gatormo diversified years ago
Titillating rusted property gunner
  05/01/24
The greatest strength a man can show is his own self control...
out-of-control bat shit crazy gas station
  05/02/24
how do people know which bitcoins were the “first&rdqu...
Motley heaven
  05/02/24
His wallet fell down a storm drain
razzle-dazzle sable casino half-breed
  05/02/24


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Reply Favorite

Date: April 28th, 2024 10:33 PM
Author: elite queen of the night native

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: khaki cracking theater philosopher-king

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: irradiated orchid school cafeteria puppy

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: turquoise swollen fanboi



(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: Vigorous bonkers tank theatre

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: Fragrant mexican headpube

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: flirting brethren mad-dog skullcap

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: odious hilarious brunch

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: Vigorous bonkers tank theatre

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: Chrome Organic Girlfriend Lay

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: comical twinkling uncleanness rehab

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: Diverse telephone parlor

*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: irradiated orchid school cafeteria puppy



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



Reply Favorite

Date: May 1st, 2024 1:33 PM
Author: odious hilarious brunch

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: Disturbing cocky box office

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: Chrome Organic Girlfriend Lay

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: Disturbing cocky box office

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: Fragrant mexican headpube

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: Disturbing cocky box office

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: bateful hall

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: cheese-eating charismatic coldplay fan digit ratio

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: Titillating rusted property gunner

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: out-of-control bat shit crazy gas station

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: Motley heaven

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: razzle-dazzle sable casino half-breed

His wallet fell down a storm drain

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