I was sort of suggesting the same thing...
http://forum.bitcoin.org/index.php?topic=15957.0;topicseen
I guess I'll continue wondering about the creators of BTC and invest appropriately.
Topic: Implications of Satoshi holding 10% of bitcoins - page 3. (Read 8043 times)
Dude, i so want to write that sci-fi.
The only serious concern I've found with Bitcoin so far is the probability that Satoshi has one or two million stashed away somewhere. That would represent up to 33% of current bitcoins and 10% of eventual bitcoins.
http://forum.bitcoin.org/index.php?topic=9745.20
I can immediately think of two implications:
1. Bitcoin is vulnerable to massive market manipulation in the future by a single individual. This will deter anyone wanting to use a currency that floats freely in a market that's both unregulated and unmanipulated.
2. This could eventually represent an enormous amount of wealth. If the price rose to $10,000/BTC that's about the $20B that Larry Page is worth, so no problem. But if Bitcoin rises to be a significant fraction of the world's economy, that's a whole load of power in a single individual's hands. I hope Satoshi doesn't turn out to be The Joker.
http://forum.bitcoin.org/index.php?topic=9745.20
I can immediately think of two implications:
1. Bitcoin is vulnerable to massive market manipulation in the future by a single individual. This will deter anyone wanting to use a currency that floats freely in a market that's both unregulated and unmanipulated.
2. This could eventually represent an enormous amount of wealth. If the price rose to $10,000/BTC that's about the $20B that Larry Page is worth, so no problem. But if Bitcoin rises to be a significant fraction of the world's economy, that's a whole load of power in a single individual's hands. I hope Satoshi doesn't turn out to be The Joker.
1. If you believe that the founder of a system would turn around and destroy that same system - you are 'mentally challenged'.
2. Your lurking envy is transparent. And yet another statement where you seem to imply the whole network of bitcoin is potentially in the hands of a raving lunatic. It is not.
I believe in the strength of bitcoin. Its encryption, its peer-to-peer robustness. I also believe in its ability to outlast simple minds such as yours.
The implication is that he'll be able to buy a boat. That's pretty much it.
The only serious concern I've found with Bitcoin so far is the probability that Satoshi has one or two million stashed away somewhere. That would represent up to 33% of current bitcoins and 10% of eventual bitcoins.
http://forum.bitcoin.org/index.php?topic=9745.20
I can immediately think of two implications:
1. Bitcoin is vulnerable to massive market manipulation in the future by a single individual. This will deter anyone wanting to use a currency that floats freely in a market that's both unregulated and unmanipulated.
2. This could eventually represent an enormous amount of wealth. If the price rose to $10,000/BTC that's about the $20B that Larry Page is worth, so no problem. But if Bitcoin rises to be a significant fraction of the world's economy, that's a whole load of power in a single individual's hands. I hope Satoshi doesn't turn out to be The Joker.
http://forum.bitcoin.org/index.php?topic=9745.20
I can immediately think of two implications:
1. Bitcoin is vulnerable to massive market manipulation in the future by a single individual. This will deter anyone wanting to use a currency that floats freely in a market that's both unregulated and unmanipulated.
2. This could eventually represent an enormous amount of wealth. If the price rose to $10,000/BTC that's about the $20B that Larry Page is worth, so no problem. But if Bitcoin rises to be a significant fraction of the world's economy, that's a whole load of power in a single individual's hands. I hope Satoshi doesn't turn out to be The Joker.
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