bitcoin What if Satoshi Nakamato takes all Bitcoins to his wallet back?

[alexisfuentes 2130]

¿Qué pasa si Satoshi Nakamato lleva todos los Bitcoins a su billetera?

On 10/20/2019 at 10:09 AM, cuterthing said:

I am sure all of you heard about Binance's hack news.They stole 40m USD worth BTC from there and CZ said there could be a rollback.It means they have the ability to take the money sent.

So couldn't the Bitcoin core team take all of our money if they wanted to ?

this post is an Pump, usually does not respond to this type of topic, but is example of the class issues that should not be done :

The title and OP are unrelated.

There is no source of consultation to what he says in the OP.

 

Anyway:

Topic:  viral news

OP: I dont have information about what you talks ...

 

 

[Syedbesharat 5423]

On 10/20/2019 at 7:09 PM, cuterthing said:

I am sure all of you heard about Binance's hack news.They stole 40m USD worth BTC from there and CZ said there could be a rollback.It means they have the ability to take the money sent.

So couldn't the Bitcoin core team take all of our money if they wanted to ?

May be this could happen but binance is a exchange .BTC is a  secured coin.It is most secure in safety and they will not do something like this.

[BTC Future 3946]

On 10/20/2019 at 5:09 PM, cuterthing said:

I am sure all of you heard about Binance's hack news.They stole 40m USD worth BTC from there and CZ said there could be a rollback.It means they have the ability to take the money sent.

So couldn't the Bitcoin core team take all of our money if they wanted to ?

What happened to Binance is something completely different from having stored Bitcoins in your own wallet.

Bitcoin is a centralized exchange. When you sent your Bitcoin on any exchange it is not yours anymore. You put trust into that exchange that they will give the Bitcoins back to you when you ask them.

The Bitcoin core team has no power over your wallets.

[jacker 1095]

I think that if Satoshi Nakamato took all Bitcoin back into his wallet, then coins like bitcoin would probably not be as well known and popular as they are now. maybe even now I still don't know what bitcoin is

[Goody28 259]

Well if that eventually happens I think cryptoworld will crash  it will be so disastrous it will create havoc in the world at large I pray it never happens

[Cryptominded 704]

On 10/20/2019 at 3:09 PM, cuterthing said:

I am sure all of you heard about Binance's hack news.They stole 40m USD worth BTC from there and CZ said there could be a rollback.It means they have the ability to take the money sent.

So couldn't the Bitcoin core team take all of our money if they wanted to ?

 

On 10/22/2019 at 6:19 AM, cryptokram said:

You supposed to have a supporting article links for this, and I never heard such a news like this because I'm a binance users, so I doubt that it will happen anyway, and binance faced a big issues and has been resolved too in the end as well. 

Yes OP was supposed to show link from where he got his information, because from what I read about the incident, no mention was ever made about  a rollback. Instead the company reassured their customers that no user fund would be affected, because they had an insurance fund.

 

Quote

The company will use its Secure Asset Fund for Users, an emergency insurance fund, to cover the incident in full and no user funds will be affected, it said.

https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin

On 10/20/2019 at 3:09 PM, cuterthing said:

I am sure all of you heard about Binance's hack news.They stole 40m USD worth BTC from there and CZ said there could be a rollback.It means they have the ability to take the money sent.

So couldn't the Bitcoin core team take all of our money if they wanted to ?

 

On 10/22/2019 at 6:19 AM, cryptokram said:

You supposed to have a supporting article links for this, and I never heard such a news like this because I'm a binance users, so I doubt that it will happen anyway, and binance faced a big issues and has been resolved too in the end as well. 

Yes OP was supposed to show link from where he got his information, because from what I read about the incident, no mention was ever made about  a rollback. Instead the company reassured their customers that no user fund would be affected, because they had an insurance fund.

 

Quote

The company will use its Secure Asset Fund for Users, an emergency insurance fund, to cover the incident in full and no user funds will be affected, it said.

https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin

[Grease Lightning 169]

The bitcoin code is open and anyone must have checked it. No one will use bitcoin if all bitcoin can be taken back. You should not need to doubt this. Unnecessary question for bitcoin and you also wrong about CZ statement.

[phpMailz 568]

That is not possible, Satoshi Nakamoto made be the inventor of bitcoin but bitcoin is a decentralize currency no one group or entity have control over it, all those that partake in the blockchain have their share, so there is no way satoshi can take all back.

[fatima123 320]

Satoshi cannot do this because all the supplies is now spread in different investors not hand of one person so it cannot happen this so do trading and enjoying this  market earnings .

[Yanadia 1517]

Satoshi Nakamoto won't waste his time on that.  Bitcoin transaction system can not be canceled, if Bitcoin can be taken back means the system failed.  Instead of taking it back they would be happy to find the lost Bitcoin they are smart people not scammers they do something for people not taking from people.

[Nakamoto 279]

This is the stupidest question I have ever seen in this forum. You should learn bitcoin and use your logic. Are we all here buying coins with unclear sources of production?

[babaji 1228]

Bitcoin transactions are irreversible. If it was not, I would be a millionaire, considering the no of btc I lost on scams. I would advice to read a little before posting about your individual fears about bitcoin which has no factual basis. 

[khan22 3478]

On 10/20/2019 at 8:26 PM, cuterthing said:

I think at the first CZ was thinking it would be a good idea too but when a lot of people said no to him,He said that was an option but we won't make that.Of course you are not going to do that!

This is not possible that we can not make the BTC do this becasue if the BTC will do this to the peoples than the peoples will not make any investment in this market and they just invest in the hard business not in the online business.

[Shaza Ahmad 1682]

This is impossible, did you know that if Binance had tried to recover this money and succeeded in that, the value of bitcoin would be $ 1, no one can control bitcoin even Satoshi Nakamoto himself.

[Migo 7946]

I don't think this will happen anyway, because it is not easy to play with a coin which is now one of the greatest invention in all the economic system, and if it happened, then everything will be gone since 2009 until now, all the hard work and many of the markets will annonce their big losses 

[Jokeer 648]

I don't think so there is any possibility to happen this thing but if it happens then there will be big change in economy system and the market where the hard work for couple of years it's going to in vain.

[Robin Babu 5]

I have no information about this. I do not know about this, I will tell you about it later.

[Chaichi 70]

You hypothetical to have a at the bottom of article links for this, and I never heard such a news like this because I'm a finance users, so I uncertainty that it willpower come about anyway, and binance faced a big issues and has been determined too in the end as well. 

[Sapdrx 469]

On 10/20/2019 at 4:09 PM, cuterthing said:

I am sure all of you heard about Binance's hack news.They stole 40m USD worth BTC from there and CZ said there could be a rollback.It means they have the ability to take the money sent.

So couldn't the Bitcoin core team take all of our money if they wanted to ?

That goes against all principles of a blockchain. If you have it nobody can reverse the transaction. That's the whole thing. All computers in the network know this.

[Neymer jr 19]

Really it would be a bad thing.  As a result many people will lose all their bitcoins.  Which will be a very sad thing for all of us.  So I think Santosh Nakamoto will never do this to us any other day.

[iloveyobit 6599]

Painans may mean returning money by internal transfer because its money is still on the platform, but no one can enter your Bitcoin wallet without permession.

Painans may mean returning money by internal transfer because its money is still on the platform, but no one can enter your Bitcoin wallet without permession.

[Rickso 768]

On 10/20/2019 at 4:09 PM, cuterthing said:

I am sure all of you heard about Binance's hack news.They stole 40m USD worth BTC from there and CZ said there could be a rollback.It means they have the ability to take the money sent.

So couldn't the Bitcoin core team take all of our money if they wanted to ?

wait, what do you mean with bitcoin core team? bitcoin is the only crypto that doesn't have any team, his team is the whole community. so your question make no sense, and the answer would be no, because bitcoin has no team

[Shahud 1319]

i don't think it is gonna be possible ever.sataoshi nakamoto was the investor but now there are many traders who are owning the bitcoin and stored it to some wallets then how could he take back from these wallets

[magd 5231]

Yes, this is true, they can withdraw all our currencies if they want, but they will not do so because they are achieving twice the profit due to our circulation of these currencies whose value is increasing due to buying and selling. Therefore, I consider that such threats to withdraw our money are not in the interest of the concerned authority.

[harzallah 161]

No and this will never happen because Satoshi Nakamoto does not have all the cryptocurrencies or bitcoins, we know that he owns a lot but there are those who mining it other than Satoshi Nkamoto.