Post
Topic
Board Bitcoin Discussion
Re: The "Satoshi Risk"
by
amacar2
on 03/07/2017, 13:34:21 UTC
Firstly, this is not an attack on Bitcoin. I am a huge Bitcoin advocate but i can't seem to get the thought of Satoshi's 1 million Bitcoins (worth $2.5b) out of my head.
This is just a speculation, nobody knows how many bitcoin addresses actually belongs to satoshi and how much bitcoin those addresses contains.

Now, we all know Satoshi has this huge stash of Bitcoins and we also know Bitcoin's overall valuation reacts to anything and everything. So im asking...What on Earth would happen if the "great one" was to suddenly move these coins ?  Or what if he/she/they came out of the woodworks and came back to Bitcoin? From what i have researched, Satoshi is a revered entity and almost "God like" in the Bitcoin community. Are we immune from (what i like to call) the "Satoshi risk".


P.S. I also think the "Satoshi risk" is one of the main reasons why the Bitcoin ETF was rejected.

P.S.S. Satoshi, if you are reading this, please come back and express your views on how this scaling issue should be addressed (although i don't think your input alone should be the deciding factor considering we have to protect the decentralized/consensus aspects of your great invention)
If satoshi even moves 1 bitcoin from one of his known address, there will be huge panic on market which can easily dump the price but this is quite unlikely to happen anytime soon. I don't think satoshi is still alive and watching all this drama and speculation in bitcoin community.