Topic: 1 guy owns a 30th of all the bitcoins in existence!? (Read 4810 times)
I think the FBI has em!
This thread gets more interesting by the minute. I wonder if Satoshi is scared to come out to the public, or if he/they ever will. Maybe if bitcoins get super mainstream, he'll come out as a hero of some sort and open his own country with the money he has o_0
Why would Satoshi have to reveal him/her/themselves in order to do this?
I don't think it's a great thing that there are some people with all these coins, just too much power, but nothing we can do about it, just hope they use them for good.
A large accumulation of bitcoins implies only spending power, and nothing more. They have no more authority to effect another person's transactions or costs than you do.
DPR took a large risk in getting that amount of bitcoin. and even if he does have vast wealth, would you trade places with him?
+1
I don't think it's a great thing that there are some people with all these coins, just too much power, but nothing we can do about it, just hope they use them for good.
How do we know Satoshi has so many BTC? I'm sure it must be possible he lost many of them or something went wrong and he doens't have them. Isn't it VERY unlikely if Satoshi is 1 or a few people that they are billionaires and no one knows who they are?
Problem is that it is too much influence on price of bitcoin by the holder of this amount if it is true. More and more messages about people holding vast amount of bitcoin surface, giving a lot of power to a small amount of people.
What will the FBI do with the seized bitcoins by the way? Any speculations?
What will the FBI do with the seized bitcoins by the way? Any speculations?
use it as a reserve currency in case the petrodollar fails. (at least that would be the smartest thing to do, even if it's only temporarily).
I'm pretty sure Ross and Satoshi never worked together, They were just in the same forums.
This thread gets more interesting by the minute. I wonder if Satoshi is scared to come out to the public, or if he/they ever will. Maybe if bitcoins get super mainstream, he'll come out as a hero of some sort and open his own country with the money he has o_0
You're right, 400K is an estimate but from what I've read, the FBI have seized the company bitcoins but not his PERSONAL funds, of which there is an estimated 400K. And wow, at the current price that's over £200M
what is that, like 80 Papa John's pizzas? W0W!
You're right, 400K is an estimate but from what I've read, the FBI have seized the company bitcoins but not his PERSONAL funds, of which there is an estimated 400K. And wow, at the current price that's over £200M
what is that, like 80 Papa John's pizzas? W0W!
Satoshi owned 6th of all existence bitcoin?
Anyway it is very impressive
Anyway it is very impressive
they're in hands of u.s gov now
really? do they have the private key?
would like to see their faces if an anonymous guy makes a transaction with those coins
they're in hands of u.s gov now
nNot yet. They have the encrypted wallet, but not the passcode. Maybe they never will, because I'm not convinced that this guy is DPR at all. He certainly is at least an employee, but then even he won't have access to the company funds.
I am pretty sure that U.S. government can have access to his Bitcoins whenever they want. It would be normal to them to torture him until they get what they want.
Wait wait.
Normal? Common , I've heard a few constipation theories but let's not get overboard.
This is my opinion. I am pretty sure that it is correct, but everyone should decide what to believe.
they're in hands of u.s gov now
nNot yet. They have the encrypted wallet, but not the passcode. Maybe they never will, because I'm not convinced that this guy is DPR at all. He certainly is at least an employee, but then even he won't have access to the company funds.
I am pretty sure that U.S. government can have access to his Bitcoins whenever they want. It would be normal to them to torture him until they get what they want.
Wait wait.
Normal? Common , I've heard a few constipation theories but let's not get overboard.
they're in hands of u.s gov now
nNot yet. They have the encrypted wallet, but not the passcode. Maybe they never will, because I'm not convinced that this guy is DPR at all. He certainly is at least an employee, but then even he won't have access to the company funds.
I am pretty sure that U.S. government can have access to his Bitcoins whenever they want. It would be normal to them to torture him until they get what they want.
I can only hope for a whale like that to come along and dump them on the market, cheap Bitcoins for me and the price will bounce back as soon as the panic stops. Thanks in advance oh big holy whale!
Satoshi has most likely less then 500k bitcoins. Does he/they still have access to them? Who knows. Will he/they dump them all at once? No, he/they won't, because he/they is obviously not a complete idiot.
The better for us. Less bitcoin in circulation means their value increases due to high demand and high scarcity. Right?
No, less in circulation means that there is always a risk that at some point a shit ton of btc will be dropped on the market. Better to get it out of the way now, before it is widely used as a payment method!
Right, until a handful ppl decide to finish the raise. 
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