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Why didn't the Bitcoin inventor ever cash out?

Didn't want to be the richest guy in the world?
passionate cheese-eating place of business church building
  04/28/24
He died in like 2011
greedy orchid half-breed
  04/28/24
tp.
Primrose stirring locale
  04/28/24
...
Boyish pearl meetinghouse twinkling uncleanness
  05/02/24
To be fair, Either the creator has been dead for awhile, ...
green soul-stirring brunch hairy legs
  04/28/24
its szabo. he probably deleted the keys. but he's also just ...
Titillating chapel yarmulke
  04/29/24
why bother
Shimmering space
  04/29/24
I can think of three possibilities off the top of my head: ...
Navy appetizing cuckoldry sound barrier
  04/29/24
To be fair, 3 isn't really legitimate, because he could e...
green soul-stirring brunch hairy legs
  04/29/24
Could have other wallets that he converts to fiat. Not too f...
overrated big-titted dopamine
  04/29/24
Cr, he (or they, if it was a group) could have had other wal...
swashbuckling alcoholic church
  04/29/24
*he, or SHE, or they
Bat shit crazy hell
  05/02/24
...
Primrose stirring locale
  05/02/24
Yeah, 3) probably isn't an issue now, but it would have been...
Navy appetizing cuckoldry sound barrier
  05/01/24
Bitcoin was described by the NSA years before the Satoshi pa...
Hairless Parlour
  05/01/24
Link
overrated big-titted dopamine
  05/01/24
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...
Hairless Parlour
  05/02/24
this has nothing to do with bitcoin and doesn't say anything...
Titillating chapel yarmulke
  05/02/24
ok
Hairless Parlour
  05/02/24
Nick Szabo has been very clear he didn’t get into this...
nighttime national international law enforcement agency
  05/01/24
because he doesnt want to out himself?
spruce mind-boggling bawdyhouse
  05/01/24
He did. Gatormo diversified years ago
talented lodge queen of the night
  05/01/24
The greatest strength a man can show is his own self control...
Fear-inspiring Sanctuary
  05/02/24
how do people know which bitcoins were the “first&rdqu...
naked cracking double fault factory reset button
  05/02/24
His wallet fell down a storm drain
Dun motley location
  05/02/24


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Reply Favorite

Date: April 28th, 2024 10:33 PM
Author: passionate cheese-eating place of business church building

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: greedy orchid half-breed

He died in like 2011

(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47616824)



Reply Favorite

Date: April 28th, 2024 10:47 PM
Author: Primrose stirring locale

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: Boyish pearl meetinghouse twinkling uncleanness



(http://www.autoadmit.com/thread.php?thread_id=5522515&forum_id=2#47629840)



Reply Favorite

Date: April 28th, 2024 10:49 PM
Author: green soul-stirring brunch hairy legs

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: Titillating chapel yarmulke

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: Shimmering space

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: Navy appetizing cuckoldry sound barrier

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: green soul-stirring brunch hairy legs

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: overrated big-titted dopamine

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: swashbuckling alcoholic church

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)



Reply Favorite

Date: May 2nd, 2024 12:39 AM
Author: Bat shit crazy hell

*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: Primrose stirring locale



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



Reply Favorite

Date: May 1st, 2024 1:33 PM
Author: Navy appetizing cuckoldry sound barrier

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: Hairless Parlour

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: overrated big-titted dopamine

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: Hairless Parlour

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: Titillating chapel yarmulke

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: Hairless Parlour

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: nighttime national international law enforcement agency

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: spruce mind-boggling bawdyhouse

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: talented lodge queen of the night

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: Fear-inspiring Sanctuary

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: naked cracking double fault factory reset button

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: Dun motley location

His wallet fell down a storm drain

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