It's all speculation how much bitcoin Satoshi have, specially in the early days of his invention.
He could have thousands of addresses, for all we know. We even don't know if he has a main bitcoin addresses to begin with.
One of the well-know addresses is the Genesis Block: https://www.blockchain.com/btc/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. Currently holding 68.32761824 BTC
Topic: How do we really know how many bitcoins does satoshi have? - page 2. (Read 356 times)
The patoshi pattern, that o_e_l_e_o referred to, is a "proof" that Satoshi mined at least about 1M bitcoins with the same machine.
Probably he mined more with other machines, who knows. What we do know, is that he has not touched any of the million coins, and probably newer will.
My guess is that he/she destroyed the private keys to those addresses, because he wanted to distribute the bitcoins fairly among people, and he probably thought that if he takes million coins to himself, people would think it "unfair" and it could work against bitcoin in the long run.
Or prevent bitcoin becoming popular.
Probably he mined more with other machines, who knows. What we do know, is that he has not touched any of the million coins, and probably newer will.
My guess is that he/she destroyed the private keys to those addresses, because he wanted to distribute the bitcoins fairly among people, and he probably thought that if he takes million coins to himself, people would think it "unfair" and it could work against bitcoin in the long run.
Or prevent bitcoin becoming popular.
It's pretty obvious that he has more coins than we know of.
Bitcoin was very easy to obtain in 2010 and there was no indication that he wouldn't get some after disappearing.
Even if he was around for a month after leaving the forum he could very well have a few hundred coins stashed away.
Bitcoin was very easy to obtain in 2010 and there was no indication that he wouldn't get some after disappearing.
Even if he was around for a month after leaving the forum he could very well have a few hundred coins stashed away.
There's just really not knowing exactly how much he has in total. We are only relying on block data on the early years of bitcoin and where these coins went and how were they distributed. It's not just Satoshi who was mining on the wee days of bitcoin, as there are others who became curious and started hashing on their own.
o_e_l_e_o's link is actually very informative on where these guesstimates came from. It explains how most people came up with the 1 million figure right now, though again even the Patoshi pattern itself isn't really reliable as there could be many more things that Satoshi tweaked in order to hide his trails--and his coins--even further.
o_e_l_e_o's link is actually very informative on where these guesstimates came from. It explains how most people came up with the 1 million figure right now, though again even the Patoshi pattern itself isn't really reliable as there could be many more things that Satoshi tweaked in order to hide his trails--and his coins--even further.
He might still be mining now...
Nobody knows even his name.
You can't really know how many bitcoins an ordinary person has, as anytime someone can create a new address and add balance to it, user a mixer and so on.
Nobody knows even his name.
You can't really know how many bitcoins an ordinary person has, as anytime someone can create a new address and add balance to it, user a mixer and so on.
We don't know how many coins Satoshi mined. There have been educated guesses, but there is no definitive proof.
The number of 1 million coins that you often see attributed to Satoshi is based on the "Patoshi pattern". In simple terms, there are around 22 thousand early mined blocks which follow a specific pattern of incrementing their ExtraNonce field, and it is thought that these blocks were all mined by a single entity, which could only be Satoshi. For an in depth look at this argument, see the following blog post: https://bitslog.com/2019/04/16/the-return-of-the-deniers-and-the-revenge-of-patoshi/
The number of 1 million coins that you often see attributed to Satoshi is based on the "Patoshi pattern". In simple terms, there are around 22 thousand early mined blocks which follow a specific pattern of incrementing their ExtraNonce field, and it is thought that these blocks were all mined by a single entity, which could only be Satoshi. For an in depth look at this argument, see the following blog post: https://bitslog.com/2019/04/16/the-return-of-the-deniers-and-the-revenge-of-patoshi/
Since we know very few things about that person, I don't get how we assumed that he has 1.000.000+ million bitcoins. Did we? Or there's a proof? Because even on 2010-2012 (last years that was active and the bitcoin network didn't need that much CPU) he would need to mine at least 20.000 blocks. Aren't they too much?
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