Satoshi controlling 500'000 BTC - page 2.

DRVX

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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.

But they will for surely sell it on price 10$ or 100$. But to hold it till 5000$ it is crazy.

okissabam

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It would be a huge problem if someone would hold that amount of bitcoin for control, seems like the government trying to control the supply of money running around. But if ever Satoshi Nakamoto is indeed holding that huge amount now then we really can't do anything about it if he wants to control bitcoin because he created it in the first place.

yishak

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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.

tranle789

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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.

jekjekman

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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.

Even if a single person holds that huge amount coins he will not release that coin.

It is really possible that the developers have their own chunk of the coin but why are you going to ruin something
that you created specially if you know that it has a brighter future.

It's true that there were only several people who was involved in the development. Well as always the early bird always catch the worm.

If you know how to do it, you can read conversation between Satoshi Nakamoto and Hal Finney about bitcoins development and even mining as early as 2010 on this forum.

Lumen111

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In the cost of bitcoin, there is already a risk of entering the market 1mln.

jkoin

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Perhaps you are right, it can be a problem if a group of people or Satoshi himself decide to bring these bitcoins into the market. But it seems to me too early for this event. Such turns are needed for a large coup in the crypto industry. If it does, it will happen only after 3-5 years, not earlier. Wink

real eyes realize

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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

I think we must always consider about that giant amount of bitcoins. This amount of bitcoin can change the bitcoin's way anytime. There are always extreme possibilities about the bitcoin, so everybody should be sure about that they are trading in a way that will not affect their lives profoundly.

bitcoinvestor

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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.

teamjk

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according to an old post back in 2013

-a single computer solved most of the blocks up to worth 1 M BTC (at that time total 1,6 m BTC should have probably got mined altogether)
-started from block 0
-and none of these specific btc's were never been spent until oct 2012

Also the research pointed out that mining from this machine mining disappears in approximately MAY 2010.

so the assumption is that someone did own 1 m btc back then including the very first one.
What happened afterwards it's anyone guess

hypersonic1

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Endless Horizons!

It's honestly not a big deal considering the cap is in the millions. As the creator it's a nice bump to them. There are worse examples in the USD arena as well. Just let it be.

Prince07

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Yes, this can be a problem

btcprospecter

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★777Coin.com★ Fun BTC Casino!

The fact is that no one knows for sure who has control of these bitcoins if they did start moving there could be trouble. It is a massive amount of control someone could have. Satoshi is the champion of holding.

bellaboots

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This is one of the features of bitcoin, the blockchain can be inspected by anyone - if anyone starts selling those bitcoin, then its time to ask questions.

glowing10

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Quote from: sweetbet on October 14, 2017, 03:37:03 PM

It's all pure speculation. No one knows for sure.

Exactly as no body known firstly is Satoshi a individual or a institution. Is he still there or not. So this is all mere speculation which is a like spreading a false rumor and nothing more than that. The best is that how much do we own of this space should be more important rather someone else owning would be at this point.

wellsontheja

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As i know satoshi is control more than 1 millions bitcoin and it was spreading in around 100 until 200 addres. Well he's father of bitcoin and it's very normal i think too hold bitcoin in big amount like that to control the price of bitcoin
But it's all is pure speculation no one knew for sure.

sweetbet

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SweetBet.com

It's all pure speculation. No one knows for sure.

osasshem

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Be who ever, if anybody is holding such a quantity of bitcoin, then the entire crashing of the crypto market is on his hands.

Shotz

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I don't think that Satoshi has ever touched his wallet and if he cares about the future of bitcoin then he shouldn't do so anytime soon. Even 1 btc transaction would show that he has access to them and could cause panic. As of now anything is possible.

Crypdon

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Quote from: mchaud on October 14, 2017, 12:47:10 PM

Quote from: AGD on October 11, 2017, 11:45:31 PM

Quote from: mchaud on October 11, 2017, 05:25:25 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

There is no point for him in selling these as the price would immediately plummet to zero!

Please explain.

(I already know you can't)

What should I explain ? This is very simple reasoning here. Any holder who sees one bitcoin moving from satoshi's addresses (right he could sell the whole address) will immediately panic sell.

LOL, it is true though - they will assume 1 million bitcoins will flood the market. One thing will be verified though, satoshi is still alive!

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