Post
Topic
Board Bitcoin Discussion
Re: Why do we assume that Satoshi cashing out his coins would be noticeable?
by
sgk
on 18/04/2015, 12:09:12 UTC
Quote is from another thread but I'd rather not derail that one so I'm starting a new thread:

If he cashing out his bitcoin, he may exposure himself, his identity will be revealed, which he didn't like it. So I think he may never cashing out his bitcoin.

Why is it always assumed that Satoshi choosing to dump his coins would be immediately noticeable?

Satoshi was the first to mine and sometimes the only one mining in the very early days but others like Hal Finney were mining too. After 2010, many other people jumped aboard and started mining with their own PCs. Satoshi was still around on the forums until late 2010 and didn't disappear completely until 2011. If he had continued mining until then (and possibly even after 2010-2011) then it would be impossible to know whether it's Satoshi who is dumping his coins or just another early adopter. Someone who constantly mined on a PC with reasonable specs from 2010 onwards would still have made enough BTC to call themselves filthy rich.

I'm not doubting that Satoshi's earliest mined coins that were worth billions at one stage were left untouched but couldn't it be possible that he still sold a couple million dollars worth of BTC and is living the high life today?
Either way, it's noticeable.

Every transaction sent to and from his addresses are traceable and wouldn't even be mixable.

Certainly, every transaction from his 'known' addresses will be traceable. But in that case we are assuming that we are aware of Satoshi's all addresses.

OP's point is: how do you know each and every of Satoshi's addresses?

If Satoshi continued to mine in 2010 and 2011 when there were several other early adopters mining bitcoin, how would you identify some specific addresses belonging to Satoshi out of those?