Could Satoshi Kill Bitcoin?

As I start to really understand Bitcoin’s underlying technologies, I have more and more respect for its designer. It really is Nobel Prize worthy stuff.

But I also wonder about the 1 million Bitcoin Satoshi has mined and kept in wallets unused for many years now. Most people assume that he has abandoned them as coins generated to prove the network actually works. Logical.

But what if?

On another note, he may not like the way his baby has developed. It’s become a speculators paradise.

Satoshi may be agitated by the complete lack of progress in using it for what it is…. A trading currency for trading, NOT just another get-rich-quick psuedo commodity.

So what could he do?

Dump his 1 million bitcoin….. That's what. He could just start to release amounts large enough to stop the price escalation or he could dump a large tranche just to scare everyone into sensibility.

Sobering thought that.

As I start to get inside the thinking of this wonderful design, I don’t think Satoshi would do anything so drastic, but it does give one cause to pause. When perception and greed defines the value of something, its potential for value collapse is very very significant.