Satoshi controlling 500'000 BTC | Bitcointalksearch.org

fratad

newbie

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Roger Ver confirms that int "the Bitcoin Gospel" documentary. You can find it on youtube

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Quote from: fratad on October 11, 2017, 12:24:35 PM

Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

hey where do have this info? Huh

news or only from you
stop make thread like this

CryptotradeGMO

copper member

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When its true, then it can affect much the price of BTC.
If he or she will sell all Coins the other Investors will get scary too

Dart18

sr. member

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Question answered by one more question.
If that is going to be problem then why the hell did we reach this damn value now?
It could have been stopped from the very start if we know there is greater risk that soneone could just his large amount of coin.
From the very start it will not be trusted.
If he do have that then so what? He did hold it and have the patience to not withdraw it even the price is going to make him rich now.

IgniHash

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One Token to Move Anything Anywhere

I am still curious, where is he now? is he real person? i am still believe that Satoshi is not a person, they are an BIG organization.

DRVX

hero member

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Merit: 500

Quote from: 13abyknight on October 24, 2017, 12:42:55 PM

Quote from: fratad on October 11, 2017, 12:24:35 PM

Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

This isn't the case of Ethereum where the lead developer Vitalik Buterin is holding over 500k+ Ether which has been mostly confirmed. Satoshi is believed to be holding around 5.7% of the circulating supply of Bitcoin which makes him a billionaire by itself but I'm sure even he wouldn't have predicted Bitcoin to rise this much and yeah since he's been MIA ever since, all of the money is literally lying on a wallet over there so it doesn't make much of a difference unless it becomes diluted into the market.

And can you say 500k of ethereum is how much of percentages of all ethereum coins?
Bitcoin is the mystery of 21 centure. It changing world fully! It is a new era of humanity!

joseafonso123az

sr. member

Activity: 476

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Believing that he is the creator of satoshis, is not so strange that he owns so much BTC. The proble would rise if after the price of BTC rises a lot, say 1BTC= 1000000USD and he dumps everything he has, than yes, this might affect directly the BTC market, and shake it up a bit, making its value also decrease. Hopefully he wont just do that, and he as creator of this, wont take such wrong steps!

jc89

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Quote from: fratad on October 11, 2017, 12:24:35 PM

Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

Whoever holds and controls that much btc, whether it's satoshi or other person, is really disturbing. Imagine him controlling or should I say playing the price of btc, selling at least 10btc will have an impact with the price, what more if he just sell hundred or a thousand btc out on a whim. That person isn't just a whale, he is playing BTC god who can crash all the whales out there. Gives me goosebumps just by thinking of it!

13abyknight

sr. member

Activity: 602

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Quote from: fratad on October 11, 2017, 12:24:35 PM

Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

This isn't the case of Ethereum where the lead developer Vitalik Buterin is holding over 500k+ Ether which has been mostly confirmed. Satoshi is believed to be holding around 5.7% of the circulating supply of Bitcoin which makes him a billionaire by itself but I'm sure even he wouldn't have predicted Bitcoin to rise this much and yeah since he's been MIA ever since, all of the money is literally lying on a wallet over there so it doesn't make much of a difference unless it becomes diluted into the market.

neo444

full member

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I think without satoshis is very difficult to find faucets of bitcoin and very difficult to find sites who can win with it bitcoin

G2z_Riya

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He has innovated it and so I don't find anything bad on his control over 500000 btc. In reality this doesn't look to be an acceptable information, already he himself is hidden, which is to avoid issues that governments arise against him, because lot of banks went into loss after the innovation of bitcoin.

AverageGlabella

legendary

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Quote from: yishak on October 18, 2017, 10:05:06 AM

Having 500,000 Bitcoins sure is a lot but satoshi is not the only one who could own such amount of bitcoin, any early adopter of bitcoin could have 500k bitcoins. During the early days of bitcoin 500k bitcoins was worth around 1000USD , so its possible that not even satoshi but any one could have that much btc.

There isn't too many wallets which own that amount. thats literally like 5% of bitcoin

DRVX

hero member

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Quote from: SimonJones on October 18, 2017, 03:02:11 PM

Satoshi will soon become the first trillionaire - faster than Bill Gates!

Hahaha. He will just sell bitcoins slowly, so nobody will know what is happening.

Quote from: maku on October 22, 2017, 12:50:42 PM

1. It is really hard to estimate how many coins Satoshi owns. Many people believe that it is around 1 million to 1,7 million of BTC.
2. So far he/she/they haven't moved the oldest coins and we never registered an attempt to sell/exchange these coins.
3. In case Satoshi or whoever who will get access to his stash will try to sell these coins the market will most likely react allergically and the price will crash.
4. Even if that would happen, we will recover after some time, as people will most likely repurchase all Satoshi's coins.

Yes you are writing interesting things! Price will dumping, but still this will not kill bitcoin! Just for 1-2 or maybe 3 years it will cheap bitcoin price. But nothign will happen with perfect algorytm of bitcoin!

maku

legendary

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1. It is really hard to estimate how many coins Satoshi owns. Many people believe that it is around 1 million to 1,7 million of BTC.
2. So far he/she/they haven't moved the oldest coins and we never registered an attempt to sell/exchange these coins.
3. In case Satoshi or whoever who will get access to his stash will try to sell these coins the market will most likely react allergically and the price will crash.
4. Even if that would happen, we will recover after some time, as people will most likely repurchase all Satoshi's coins.

SimonJones

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Satoshi will soon become the first trillionaire - faster than Bill Gates!

blockman

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It's a problem when there will be a certain group that controls totally a lot of bitcoin because they can just simply manipulate the market. But having 500,000 BTC I don't know if he/they are totally holding that much of bitcoin because if I were the one to have those bitcoins I'm going to be freaking crazy and will just watch the price of bitcoin increase and later on will just sell maybe 1% of it just for having fun. It's a problem because they have the advantage of it and while us, small time traders will just go with the flow.

bob123

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Quote from: slapper on October 11, 2017, 02:49:36 PM

No, bro. Satoshi controls more than 1 millions bitcoin and they spread in around 100-200 addresses. Well, He is the father of bitcoin and therefore, I believe that he will never do such thing that can harm bitcoin such as selling all bitcoin at a time. Therefore, there is nothing you need to worry in this case. maybe he is holding it like a gift or something like that

I think even if he started to move 1 small satoshi from his (watched) addresses.. this will harm the market pretty strong.
I think the best would be if those coins would never be touched by anyone.
If all of those coins would be put on an exchange the price would immediately drop (extremely).

EUROPEANTURK

sr. member

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It is not surprise for me , when i look at trading movements i can see someone control to bitcoin's price and i can see someone stop price drop or i can see someone stop fast price rice , the person can be Satoshi .

stompix

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Quote from: bitcoinvestor on October 18, 2017, 08:42:30 AM

Quote from: fratad on October 11, 2017, 12:32:18 PM

Thanks for your answer,

i just watched The Bitcoin Gospel and Roger Ver said that Satoshi is probably controlling 500'000 BTC. If all the world will be adopting bitcoin he can actually control a lot, not just bitcoins at this time. I mean, that's something to think about.

It is possibly true that Satoshi control so many bitcoin because he who mined bitcoin at the first year. Many coins developers do so. When they launch new coins, they have premined the coin before other miners. It is common situation. The question is Who is Satoshi Nakamoto? is he a person, a group or a ghost? Until now there is no fixed answer who Satoshi Nakamoto is.

bitcoin was not premined.
Everyone was free to mine alongside satoshi but it took lot of time to get people convinced to join.

Premined shitcoins are made like that from the start.

Quote from: Hazaki on October 18, 2017, 01:46:13 PM

These are false infos about satooshi who is known as " bitcoin's creator" . In fact a list containing the 10 wallets having the biggest bitcoin reserves have been published lately and the biggest one held a bit more than 158k bitcoins.

10 000 addresses with 50 btc are worth more than a single one with 150k.

Quote from: tranle789 on October 18, 2017, 10:02:47 AM

No one can know how many Bitcoins are created because the creator may have kept a lot of Bitcoins and we can not know where he is. I think people should believe that he can appear anytime because if he comes there will surely be a boom in the Bitcoin market.

Everybody knows how many bitcoins are created.
Back to the newbie section with you .

Hazaki

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These are false infos about satooshi who is known as " bitcoin's creator" . In fact a list containing the 10 wallets having the biggest bitcoin reserves have been published lately and the biggest one held a bit more than 158k bitcoins.

Nomad88

legendary

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Satoshi is holding huge amount of coins, but I don't see that as a risk fork Bitcoin. There is a lot which we don't know about that story. It might not even be a one person. If he is, i don't believe that he will ever spend those coins. We have not heard anything from him for several years, which means he might not even be alive anymore. One thing for sure, he would never do something that would damage Bitcoin.

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