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Topic: Mark Karpeles Personal Bitcoin Holdings (Read 2445 times)

hero member
Activity: 1582
Merit: 502
March 02, 2014, 05:35:36 PM
#22
where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?


er... Yes

So doesn't that make Mark's wallet the biggest in the world?


No. Satoshi is estimated to have at least 1 million bitcoin stored in addresses with 50 BTC each.

That is just an estimation.

Also, many people mined back then and then deleted their wallets because it was worthless at the time.

So it is not certain as to how much coins Satoshi mined.

Also, it is not also certain that Satoshi even kept his wallets.


So it is not certain as to how much coins anyone has.
Quote
So doesn't that make Mark's wallet the biggest in the world?
No one knows...

^^^ that is true, but that is also the main purpose behind Bitcoin.
Protecting your assets by keeping your personal information personal Wink

sr. member
Activity: 560
Merit: 250
"Trading Platform of The Future!"
March 02, 2014, 04:54:19 PM
#21
where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?


er... Yes

So doesn't that make Mark's wallet the biggest in the world?


No. Satoshi is estimated to have at least 1 million bitcoin stored in addresses with 50 BTC each.

That is just an estimation.

Also, many people mined back then and then deleted their wallets because it was worthless at the time.

So it is not certain as to how much coins Satoshi mined.

Also, it is not also certain that Satoshi even kept his wallets.


So it is not certain as to how much coins anyone has.
Quote
So doesn't that make Mark's wallet the biggest in the world?
No one knows...
hero member
Activity: 1582
Merit: 502
March 02, 2014, 04:20:29 PM
#20
where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?


er... Yes

So doesn't that make Mark's wallet the biggest in the world?


No. Satoshi is estimated to have at least 1 million bitcoin stored in addresses with 50 BTC each.

That is just an estimation.

Also, many people mined back then and then deleted their wallets because it was worthless at the time.

So it is not certain as to how much coins Satoshi mined.

Also, it is not also certain that Satoshi even kept his wallets.

sr. member
Activity: 560
Merit: 250
"Trading Platform of The Future!"
March 02, 2014, 03:51:53 PM
#19
where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?


er... Yes

So doesn't that make Mark's wallet the biggest in the world?


No. Satoshi is estimated to have at least 1 million bitcoin stored in addresses with 50 BTC each.
member
Activity: 93
Merit: 10
March 02, 2014, 01:15:23 PM
#18
There is a problem with this.  They're not tangible.  What you are REALLY speaking about are KEYS.  And those keys can be entirely in his head with a service like brainwallet.  He could create a relatively long passphrase, and then append something akin to "wallet001" to the end of it.  And he'd have 1000 wallets in his head.  You think you can compel him to give them out?  Ha!

You can't fight city hall.    If the regulators become aware of him holding large amounts of personal bitcoins,  the court can issue an order that he act to transfer them to state custody.

And they WILL be watching him,  after his company walked away with 500 million in customer assets.
There's a good chance he could be ordered to pay retribution.

In the event he refuses, he can be held in contempt and put in jail until he becomes compliant.

Otherwise:  he may be compelled to swear to a statement about his personal assets.
If the statement is later found to be wrong, then he goes to prison for  40 years.

What good is 1000 wallets in your head,   when you may be locked away for life should you spend even one coin?
legendary
Activity: 1316
Merit: 1000
March 02, 2014, 12:59:23 PM
#17

im pretty sure it was in an interview with forbes saying mark karpeles has over 300k PERSONAL bitcoin holdings, i think the figure was 338k hmmm not sure though.  i cant find the link, its out there on the internet.

remember the 120k is MtGox the company. i dont believe he has lost his personal bitcoin holdings, because he wouldnt keep that with the company.

hero member
Activity: 1582
Merit: 502
March 02, 2014, 12:27:38 PM
#16
where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?


er... Yes

So doesn't that make Mark's wallet the biggest in the world?

sr. member
Activity: 560
Merit: 250
"Trading Platform of The Future!"
March 02, 2014, 12:07:50 PM
#15
where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?


er... Yes
hero member
Activity: 1582
Merit: 502
March 02, 2014, 09:25:08 AM
#14
where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?

legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
March 02, 2014, 09:10:07 AM
#13
i guess he owns 850.000 BTC  Wink
full member
Activity: 148
Merit: 100
March 02, 2014, 09:02:22 AM
#12
surely they are tucked away so that later on when the heat is off of him, he can make away with it.

True, but if authorities have reason to suspect he is holding onto Bitcoins he may be forced to hand them over as part of a settlement.

There is a problem with this.  They're not tangible.  What you are REALLY speaking about are KEYS.  And those keys can be entirely in his head with a service like brainwallet.  He could create a relatively long passphrase, and then append something akin to "wallet001" to the end of it.  And he'd have 1000 wallets in his head.  You think you can compel him to give them out?  Ha!

Given the amount of money involved - yes.

Add to that the prospect a number of very bad people likely had a fair few BTC on there I wouldn't be surprised if someone tries to motivate him.
full member
Activity: 127
Merit: 100
March 02, 2014, 07:58:26 AM
#11
  You think you can compel him to give them out?  Ha!

....erm .... yes Smiley Someone could Wink
newbie
Activity: 14
Merit: 0
March 02, 2014, 07:39:35 AM
#10
Creating an authority what block 'blacklisted' public addresses to send and receive trabsfers, if impossible to confirm the transfer, the value is vault =0. Haha, and no more hack, and no any country authoity to take anything.
Blocking the last 5000 bitcoin 'out' from mtgox, and if someone reclame the coins, just need to proove the origin(mining-buy).
If any transfer connected to familiar to employees to gox, then stay blocked, unlock=handling the private key to this coinauthority and they redistribute to the rightful owners.
With real money you can not make the same
full member
Activity: 209
Merit: 100
March 02, 2014, 07:25:48 AM
#9
surely they are tucked away so that later on when the heat is off of him, he can make away with it.

True, but if authorities have reason to suspect he is holding onto Bitcoins he may be forced to hand them over as part of a settlement.

There is a problem with this.  They're not tangible.  What you are REALLY speaking about are KEYS.  And those keys can be entirely in his head with a service like brainwallet.  He could create a relatively long passphrase, and then append something akin to "wallet001" to the end of it.  And he'd have 1000 wallets in his head.  You think you can compel him to give them out?  Ha!
legendary
Activity: 1316
Merit: 1000
March 02, 2014, 05:58:34 AM
#8
where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think
legendary
Activity: 1937
Merit: 1001
March 02, 2014, 05:56:47 AM
#7
My guess would be he has anywhere between 10.000 and 80.000 btc.
full member
Activity: 154
Merit: 100
March 02, 2014, 05:56:41 AM
#6
True, but if authorities have reason to suspect he is holding onto Bitcoins he may be forced to hand them over as part of a settlement.
The same authorities who have so far gone on record as saying bitcoin has no value?
full member
Activity: 148
Merit: 100
March 02, 2014, 05:48:51 AM
#5
surely they are tucked away so that later on when the heat is off of him, he can make away with it.

True, but if authorities have reason to suspect he is holding onto Bitcoins he may be forced to hand them over as part of a settlement.
full member
Activity: 136
Merit: 100
March 02, 2014, 03:58:38 AM
#4
Possible bu who can escape with 350 billion dollars and where?
legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
March 02, 2014, 02:42:17 AM
#3
surely they are tucked away so that later on when the heat is off of him, he can make away with it.
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