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If you have maybe 300MM from early investments, and are a private person who doesn't want fame, then what does Satoshi's hoard actually buy you?

by aqme28 4y ago

squeaky-clean 4y ago
His unsold hoard is currently worth about 20 billion dollars.
- arlcode 4y ago
  Assuming he had some later money (in the Blockchain) that's maybe "just" a few dozen / hundred million worth. That's plenty money for one person without the liability and the publicity. You can live a life in pure luxury and fulfill all your material wishes. Maybe he lost the keys or threw away the machine after a year or two. There's nothing to be gained from going public in this case but a massive threat to your life.
- owens99 4y ago
  Selling this may ruin the story and crash the price. It would probably go against his values and mission. He could easily have other early wallets and have $B's. Most likely explanation though is that it was Hal Finney who passed shortly after Satoshi disappeared.
  - klntsky 4y ago
    > It would probably go against his values and mission He could have sent his BTC to zero address.
- joelthelion 4y ago
  It's not. Trying to sell it would crash the market. Still worth a lot, obviously.
  - Scoundreller 4y ago
    Can he just pay off some kind of smart contract with it that ignores the provenance of the Bitcoin? Like, get a loan for $20b in a stablecoin with the payback being $21b in btc in a year?
    - mcast 4y ago
      If any of the BTC founder's blocks suddenly became active it would crash the price because most people would suspect someone found an exploit in the contract/hash or the keys were stolen.
      - Scoundreller 4y ago
        That’s fine when you’ve already locked the price into something else that’s not-btc. While you could sign a message with your key, you would still need something that accepts the proof but isn’t public, which might be possible with a properly structured/constructed smart contract, maybe?
        squeaky-clean 4y ago
        The issue is finding someone willing to loan you $20B for your bitcoin without doing the research of how that would tank the price of bitcoin. It would be a great deal for Satoshi, but no other party would accept.
    - joelthelion 4y ago
      It's not just about the provenance. I don't think the bitcoin market can stomach a 20 billion sell-off, no matter who does it.
- aqme28 4y ago
  That doesn't really answer my question. If you're a modest private person, what can you buy with 20 billion that you actually want, that you can't buy with 300 million?

If you have maybe 300MM from early investments, and are a private person who doesn't want fame, then what does Satoshi's hoard actually buy you?

by aqme28 4y ago

If you have maybe 300MM from early investments, and are a private person who doesn't want fame, then what does Satoshi's hoard actually buy you?

squeaky-clean 4y ago

His unsold hoard is currently worth about 20 billion dollars.

arlcode 4y ago
Assuming he had some later money (in the Blockchain) that's maybe "just" a few dozen / hundred million worth. That's plenty money for one person without the liability and the publicity. You can live a life in pure luxury and fulfill all your material wishes. Maybe he lost the keys or threw away the machine after a year or two. There's nothing to be gained from going public in this case but a massive threat to your life.
owens99 4y ago
Selling this may ruin the story and crash the price. It would probably go against his values and mission. He could easily have other early wallets and have $B's. Most likely explanation though is that it was Hal Finney who passed shortly after Satoshi disappeared.
- klntsky 4y ago
  > It would probably go against his values and mission He could have sent his BTC to zero address.
joelthelion 4y ago
It's not. Trying to sell it would crash the market. Still worth a lot, obviously.
- Scoundreller 4y ago
  Can he just pay off some kind of smart contract with it that ignores the provenance of the Bitcoin? Like, get a loan for $20b in a stablecoin with the payback being $21b in btc in a year?
  - mcast 4y ago
    If any of the BTC founder's blocks suddenly became active it would crash the price because most people would suspect someone found an exploit in the contract/hash or the keys were stolen.
    - Scoundreller 4y ago
      That’s fine when you’ve already locked the price into something else that’s not-btc. While you could sign a message with your key, you would still need something that accepts the proof but isn’t public, which might be possible with a properly structured/constructed smart contract, maybe?
      - squeaky-clean 4y ago
        The issue is finding someone willing to loan you $20B for your bitcoin without doing the research of how that would tank the price of bitcoin. It would be a great deal for Satoshi, but no other party would accept.
  - joelthelion 4y ago
    It's not just about the provenance. I don't think the bitcoin market can stomach a 20 billion sell-off, no matter who does it.
aqme28 4y ago
That doesn't really answer my question. If you're a modest private person, what can you buy with 20 billion that you actually want, that you can't buy with 300 million?