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Why didn't the Bitcoin inventor ever cash out?

Didn't want to be the richest guy in the world?
twisted hell water buffalo
  04/28/24
He died in like 2011
Henna crackhouse
  04/28/24
tp.
rebellious talented hunting ground
  04/28/24
...
Gay casino
  05/02/24
To be fair, Either the creator has been dead for awhile, ...
fuchsia mexican wagecucks
  04/28/24
its szabo. he probably deleted the keys. but he's also just ...
chestnut immigrant
  04/29/24
why bother
godawful death wish
  04/29/24
I can think of three possibilities off the top of my head: ...
Vivacious mahogany library
  04/29/24
To be fair, 3 isn't really legitimate, because he could e...
fuchsia mexican wagecucks
  04/29/24
Could have other wallets that he converts to fiat. Not too f...
impressive mental disorder toilet seat
  04/29/24
Cr, he (or they, if it was a group) could have had other wal...
hairraiser cruise ship electric furnace
  04/29/24
*he, or SHE, or they
emerald parlor new version
  05/02/24
...
rebellious talented hunting ground
  05/02/24
Yeah, 3) probably isn't an issue now, but it would have been...
Vivacious mahogany library
  05/01/24
Bitcoin was described by the NSA years before the Satoshi pa...
Floppy Coral Roast Beef
  05/01/24
Link
impressive mental disorder toilet seat
  05/01/24
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...
Floppy Coral Roast Beef
  05/02/24
this has nothing to do with bitcoin and doesn't say anything...
chestnut immigrant
  05/02/24
ok
Floppy Coral Roast Beef
  05/02/24
Nick Szabo has been very clear he didn’t get into this...
Pontificating Jet-lagged Stead Haunted Graveyard
  05/01/24
because he doesnt want to out himself?
comical lilac voyeur nursing home
  05/01/24
He did. Gatormo diversified years ago
Yapping puppy center
  05/01/24
The greatest strength a man can show is his own self control...
Curious Business Firm Roommate
  05/02/24
how do people know which bitcoins were the “first&rdqu...
sickened frum trailer park nowag
  05/02/24
His wallet fell down a storm drain
spruce irate preventive strike spot
  05/02/24


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Reply Favorite

Date: April 28th, 2024 10:33 PM
Author: twisted hell water buffalo

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: Henna crackhouse

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: rebellious talented hunting ground

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: Gay casino



(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: fuchsia mexican wagecucks

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: chestnut immigrant

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: godawful death wish

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: Vivacious mahogany library

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: fuchsia mexican wagecucks

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: impressive mental disorder toilet seat

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: hairraiser cruise ship electric furnace

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: emerald parlor new version

*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: rebellious talented hunting ground



(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: Vivacious mahogany library

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: Floppy Coral Roast Beef

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: impressive mental disorder toilet seat

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: Floppy Coral Roast Beef

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: chestnut immigrant

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: Floppy Coral Roast Beef

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: Pontificating Jet-lagged Stead Haunted Graveyard

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: comical lilac voyeur nursing home

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: Yapping puppy center

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: Curious Business Firm Roommate

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: sickened frum trailer park nowag

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: spruce irate preventive strike spot

His wallet fell down a storm drain

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