Topic: Bitcoin TOP-500 Richest - page 6. (Read 79654 times)

OP edited. Will edit the (*)-section soon!

The extremist stance is that whoever holds the keys, has the coins, and that bitcoins are not subject to a legal definition of ownership. This is not very practical or mature (imho). Everyone can imagine the problems if we actually thought this way.

At the very minimum bitcoins need to be subject to ownership, which makes custodial holdings count. Instead of Mark having all the balances of Mt.Gox customers, the customers own them, but they have a counterparty risk due to being commingled and given to Mt.Gox custody. Counterparty risk is bad, but having your bitcoins in your own possession is not risk-free either.

Mt.Gox example counts as bitcoins, since the custodial agreement does not give Mt.Gox the right to sell the coins. A different matter would be to give a bitcoin loan to some companies that get rid of the coins when building their business (like ASIC manufacturers). That would not count as bitcoins, since the bitcoins are sold and would become double-counted. An intermediate case is Just Dice, where the custodial agreement does not give the site any liberty to meddle with bitcoins, only the balance changes according to well-defined rules. Also the balance can be withdrawn at the lender's request, so it is more like a deposit, not a loan. I would classify this with Mt.Gox.

MPOE-PR raised the issue of having bitcoin-businesses. The stocks in bitcoin businesses are not bitcoins. This much is clear. But the businesses themselves are either incorporated or unincorporated Persons, and most likely hold bitcoins as their assets. In my opinion, the bitcoins owned by corporations should be prorated to their owners. MPEx famously does not have bitcoins in its balance sheet, so it counts as zero in MP total bitcoins. I, on the other hand, control a 60% stake in Silvervault, which owns about BTC2,000. In this method, BTC1,200 is credited to my total, regardless of the valuation of Silvervault or whether the stock is liquid or not.

If a company has lots of coins, but ownership is very dispersed so that no owner would make it to the Fortune 500, the company may remain "whole".

Anything to question/add?

What if coins are 'invested' in the Just-Dice bankroll?  He no longer "holds" those coins - they're physically held in the JD cold wallet.  Although he can request to withdraw them with a few hours' notice.

If you're not going to count MP's holdings because he has shares not actual Bitcoins, where do you draw the line?

51.  BTC10,000*. rpietila  ~2Million dollars

I've read somewhere that is part of the Canadian law (the handscan).

Let's see if the Finnish machine has a similar feature implemented.. it is launched next wed.

I think it's not. I think they're doing it to calm down AML regulators and take wind out of their sails.

Seems a stupid feature, but too early to comment.

http://www.youtube.com/watch?v=PFqBtvLVRpY&feature=youtu.be
You have been identified. Its a step by step process first full certified on exchange now finger scan whats next, a full DNA sample?
Cant wait to have my fingerprint sent to anyone who wants them.

What is this ATM handscan thing, care to explain more?

Much appreciated, thank you!

If you have more than 30kBTC total, I can update it to the list.

You didn't follow up... I won back and invested in JD, made more profit. Now what I made from JD is more than 16K, you still think that's beautiful ?

Because the list is under construction, and a forum thread is not a best format because I need to update the list numbers manually.

Besides, I will likely change the format to "about 5000", "about 10,000", etc. It is both difficult and pointless to try to have more exact figures, except from the very top (whose holdings have become public anyway).

You have three number 7s in your list. Their BTC holdings are not the same, why do they have the same number?

i hate to sound stupid, (too late) but, exactly who is MP? meaning, i understand he runs the exchange, but what's MP stand for?

I am pretty secure that in all aspects of life, including wealth, I stack up just fine beside you (oops) I meant your boss.  Your rudeness is on a similar scale to your ignorance. 

Actually, a good indicator of people's intelligence is their participation in this forum. I am the PR working for this guy, numbnuts. That's what I do all day: hang out with you idiots and point out just how fucking worthless you are when compared to MP, and explain and document the why. This'd be a fine example of that.

Hey man, you are very wealthy, I get it and envy you.

but please show some respect for the context you're operating in here.

from OP:


Are those assets you listed bitcoins? If not they don't count for the purposes of this thread.