Satoshi envisioned bitcoin becoming widely adopted as peer-to-peer electronic cash. I think the biggest barrier stopping that from
becoming reality is government regulation, because govts don't like bitcoin competing with their respective local fiat currencies.
But it seems these days that is becoming less and less of an issue, at least in the US.

For example, there is a bill going through Congress to exempt bitcoin payments under $300 from capital gains.

Some US retailers like Newegg.com have been accepting bitcoin for years. I have used bitcoin payments myself to buy computer products
from them since 2022. More recently the Steak N Shake restaurant franchise (founded in 1934) started accepting bitcoin
in all 400 of their US locations. Coinbase has a debit card you can use to pay for stuff with your bitcoin from anywhere that accepts
a regular debit or credit card (I use one myself).



This is my favorite presentation from the Las Vegas conference last month:
Square Announces Bitcoin Payments w/ Miles Suter | Bitcoin 2025

Trading in anything is a great way for idiots to lose all their money. Not much different than losing it from a scam LMAO.

I don't think Satoshi will sell his bitcoins, but it would make sense for him to eventually move them
to a more secure bitcoin address, if he is still alive to do so. I have no idea if the 80K are Satoshi's or not,
just thinking out loud.




It doesn't makes sense to move and sell such a huge amount all at once.
But it might make sense to do that if your only goal is to move them out
of their old legacy address, and into a more secure segwit address.

AFAIK, to qualify for the S&P500 you need to have operations outside of financial services.

So if your company is only holding bitcoin, without providing other products or services,
you are considered a financial services or investment company which isn't allowed.

You can hold bitcoin on your balance sheet as long as you have a real business outside of investing.
So Microstrategy could qualify because they have a software business outside of bitcoin.

Dorsey is a real OG, getting into bitcoin since 2010 and incorporating it into his Cash App program in 2013.
I'm starting to think he may be Satoshi Nakamoto himself, or maybe his uncle or brother.

Obviously, you don't sell it all at once. You have the option to be
paid in cash or any other means agreed to with the buyer.

Jack Dorsey's payments company Block is getting added to the S&P 500.
The company holds over 8,500 bitcoins on their balance sheet.

At the Las Vegas Bitcoin conference Block announced they plan to roll out bitcoin payments
to their millions of credit card machines. That could be huge for bitcoin payment adoption.

You can try selling on non-KYC exchange like Bisq.

Some ideas:

1. Maybe the owner of the 80k bitcoins is Satoshi himself.

2. Maybe someone lost the private keys years ago, and he just recently found them.

3. Is it just a coincidence the 8,000 bitcoins lost in the landfill by James Howell is similar
    to the number 80,000? Of course its ten times less than 80K but the numbers are similar,
    but off by just one zero.
 

If QC can hack bitcoin, then it could hack anything including every altcoin, every banking account in existence,
every email, nuclear launch codes, etc. This would trigger worldwide panic and lead to economic collapse.

I doubt the developers of QC including Google, Microsoft, IBM, Intel, etc would allow that to happen.
So I don't think  they would be selling an advanced quantum computer to just anyone. It would be like selling a nuclear bomb
to anyone who wants one. Like nukes QC could very easily be used as a weapon of mass destruction in the wrong hands.

So the QC companies will probably be working with industry and governments to quantum-proof
their systems and networks beforehand. These quantum-proof security measures will likely be open-source
and made widely or publicly available long before advanced QC is ever released as a commercial product.

When that happens then you know the technology has matured enough to be a potential threat, but the security
against it will also be widely available. So to me it's just a lot of needless fearmongering.

Freeze quantum computers? What? Your title makes no sense. Do you mean freeze legacy addresses?


It looks like this proposal would give you up to 5 years to move your coins to a new quantum proof address.
Any funds left in legacy addresses after three years would be permanently frozen, but there would be
some kind mechanism to prove ownership to unlock frozen funds.

Freezing funds is an extreme measure, but could be justified given the extreme threat of quantum computing
to the bitcoin network. If they get it right it could work.

Well it's probably too late to wish for that. Hundreds of companies and institutions have already invested in bitcoin.
The current bitcoin cycle and record high prices is largely driven by institutional adoption, while retail is largely absent.

Why? Maybe because the "smart money" understands the value proposition of bitcoin. While the dumb money is
busy screwing around with things like memecoins, lottery tickets, casinos, sports betting, US treasuries, etc.

I believe it helps to have more companies holding bitcoin than fewer, to prevent too much concentration
in the hands of the few.

It seems I have triggered a lot of snowflakes with this thread. To be clear Microsoft is still a great company,
but that doesn't mean they are incapable of making bad decisions. It is pretty stupid and naive to think
just because a company is very large and successful means they are incapable of making bad decisions.
Just because a company is great today doesn't guarantee it will be great tomorrow.

The list of widely of highly respected companies that have destroyed themselves over the years because of bad decisions is endless.
Far too many to list. Boeing, Tesla, Enron, Lehman Brothers, Chrysler, Washington Mutual to name a few.

If you think big companies can't make bad decisions then why are you investing in bitcoin?
Why not just put all your money into Boeing, Microsoft, Tesla, etc. if they can do no wrong?
Or maybe you really aren't into bitcoin and are just here to troll the forum?

It amazes me the amount of worship of these big companies. Some will still praise the likes of Tesla,
Boeing, Microsoft, no matter what they do good or bad. It is very cult like behavior.

Considering how solidly the bitcoin price is holding up and keeps steadily rising,
I believe it is safe to say we are nowhere near the top (personally I don't believe bitcoin even has a top).

Which means hardly no one is selling, and there are far more buyers than sellers.
There are some seemingly wild predictions for the price reaching in the millions of dollars per coin,
but there is a lot of solid reasoning behind it. So for me I would not be quick to dismiss them.

Because bitcoin's marketcap is worth trillions, not billions of dollars.
So you'd have to be a trillionaire, not merely a billionaire, to buy up most of the supply.

Secondly, you'd have to find enough people willing to sell you their bitcoin, and
since most are long-term holders it is simply not possible to find enough sellers to sell them to you
for you to stack most of the bitcoin in the world (over 50% of the total supply in existence).

Even if someone had the money, it is simply not possible to do it without massively driving up the price of bitcoin
in the process of attempting to accumulate more than 50 per cent of the supply. It would take years of accumulation,
not something that can happen over night. In the meant time you are competing with millions of others also trying
to buy a very scarce and limited asset, massively driving up the price. So it is simply not possible to do it.
.

I could understand that if this was 2014 when bitcoin was seen as something used mostly by criminals and other nefarious purposes.

But in 2024 the sentiment has completely changed for bitcoin. Wall Street and even the US government has embraced
bitcoin as a legitimate investment asset, so it seems crazy to me not to invest in it. One of the biggest holders of Microsoft
stock, Blackrock even recommended an allocation to bitcoin, and they still said no? To the biggest and most respected asset
manager in the world? I don't know what else to call that but stupid. 

Since owning bitcoin I stopped investing in the stock market because of all the counter-party risk and having
to deal with the humans who run the companies, having to keep up with the news and ever-changing financials and
of fundamentals of each company, etc. to figure out of you should keep holding or just dump it.

That is a lot of stress and time spent. To me it's not worth it anymore. Hundreds of great companies have gone bankrupt,
or destroyed their reputation, etc. over the years because of the poor decisions of the people running them,
and/or because of incompetence, corruption, etc.

Boeing is a poster child example of that, and even Tesla to a lesser extent with such a erratic CEO running it. 
Are you going to tell me we shouldn't judge Boeing for deciding to abandon safety and quality in the name
of maximizing profits at all costs? That it was just a "business" decision? It's no big deal right?

Hopefully Microsoft won't end up like Boeing, but you never know with any company.
Ten years ago no one could imagine Boeing's fall from grace would be so spectacular.

Public companies are supposed to be transparent with their decisions. Providing no more than a vague
"we have studied it and decided not to do it" is not a reason. That is not being transparent.
But it seems people are still quick to defend the terrible decisions of legacy companies even on a bitcoin forum.

That is what bitcoin was made for. Bitcoin is a trustless alternative to centralized human decision-making
and human-run institutions, which history shows often ends badly. Those you trust the most often end
up breaking your trust. But with bitcoin you don't have to trust.

 

In other words, collective stupidity at its finest.

MS had tens of billions in cash to invest. Would it have killed them to allocate just a tiny bit,
maybe $10 million to bitcoin? Not a very smart move. Larry Fink does not approve.

They will have fun holding on to your rapidly melting ice cubes of cash.
What did MS do with all that cash? They probably put much of it in bonds, even
after Jamie Dimon of JP Morgan and many others predicted a high likelihood of a
crash in the bond market. No country wants to buy that worthless shit anymore.
China and Japan  the biggest holders of US bonds are dumping it like crazy.

So why would any sane person want it? MS shareholders are dumb as shit.

You can look at the order books to see the trades, but you don't know who is making those trades.
They are anonymous. It could be anyone perhaps even the exchange itself.