Satoshi controlling 500'000 BTC - page 3.

mchaud

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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.

btcbrother

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I heard a rumor that Satoshi controls 1,000,000 Bitcoins, not only 500,000. Which one is the truth?

theunbeatable

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I could either watch it happen or be a part of it

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

Well I think hes really holding a 500000 and up. Hes a genius but there are rumurs that some guy is just cashing out some really big amounts these days. Well if satoshi is a group of people then they will divide it equally but if he is an individual, this will be an issue for the price but still I think he wont let the market gets disrupted by cashing out or else hes just putting a bad name to his reputation. Slowly cashing out is his best option and nit in bulk.

bitbollo

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Quote from: Andre_Goldman on October 12, 2017, 06:04:18 PM

... after all those years he only made 1 tx ... I can't think a better person (single identity) to keep such amount ...

I don't think it's impossible for one persone hold this amount without spending.
He can even mining btc after when price was around 10 $ Cheesy

and not just 0 like the firsts blocks Cheesy

... there is an impressive profit even.
Or he can create btc without awareness of the future impact... and not saved the priv key of some address?
There are too many speculations, it's impossible know anymore

. I Love this alone of mistery behind btc Cheesy

chip211

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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

As known satoshi is an established group that creates bitcoins so i think they can hold a bitcoin number greater than 1/20.

AGD

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Quote from: fratad on October 12, 2017, 03:50:08 PM

Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.

I already asked you to explain why you think that Bitcoin could go to zero if Satoshi sells all of his coins, but instead of answering, you are posting the same bs statement again.

You can't explain, because you have no idea.

luxcoin

sr. member

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Guard your privacy

it could be. But do you really care ?
How much money the traditional bank own ?
How about the power of centralised power to even PRINT more money ?

We owe to this guy the possibility to change the world like we have seen it since today. So for his illuminant vision, he could have like 10 times that amount and he has truly gained.

So don't be afraid about his operation - as founder he would never cause any problem

diagla

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Some people have said he controls even more, like over 1,000,000 Bitcoins. That is a lot!!!

alani123

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Early estimations were projecting that Satoshi had access to 1 million bitcoins. That, of course, doesn't mean that markets are priced taking such information into account. I think that traders completely disregard the notion that someone could be in possession of 1/20 of the asset they own and able to put up on sale however much of it whenever. Satoshi could crash the market down to zero if he indeed had the bitcoins and wanted to but that's not something of a possibility that seems to affect the market sentiment.

pat4cryptoreal

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If satoshi is still in possession of 500,000BTC it means there is a good motive behind that reservation. Nothing harmful will be done to temper with the set down ideology.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Satoshi died years ago and took his private keys to 1mil BTC with him to his grave. Realistic supply max for bitcoin is much lower due to such lost keys.

Sadnu

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If Satoshi Nakamoto holds 500,000 BTCs. Surely he is a billionaire. Because when it is replaced with fiat miney it costs almost 2.5 Billion. So he was hiding and everyone was interested in finding out his personality. Because they want to get the hidden treasure of satoshi. Or control the bitcoins.

btcholder

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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

Haa haa. Really ?? I don't think so dude. If someone controlling 500k btc then he can control btc value badly. It's not possible to someone control huge amount of btc like this.

stompix

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Blackjack.fun

Quote from: stolendata on October 12, 2017, 06:39:47 PM

Wow if its true he can be in top 10 world most richest people in the line of bill gates and zuker berg because by holding of 500000 bit coin means he have 25 billion dollar in hand while the bill gates have 85 billion and mark zuker berg have 45 billion dollar. So i think we should try to earn bit coin instead of counting of others people wealth. Satoshi is founder of this currency so he have the right to hold such a huge number of bit coins.

If he hold 500 000 coins at a price of 5000 he has only 2.5 billions, do the math right.
Even with 25 billions he would be outside top 30 but with 2.5 he is somewhere between place 800 and 9000 currently.

Quote from: cynical on October 12, 2017, 05:06:22 PM

Quote from: fratad on October 12, 2017, 03:50:08 PM

Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.

but who is to stop anyone or any group of people from accumulating such an amount?

Fortunately nobody.
Why should there be a limit to how many coins somebody has?
Bitcoin is about freedom not about communist ratios where even the apartment you live even was measured and had to comply with standards.Everyone is free to get as many coins as possible if he has the money to buy them, and the price will be dictated by the free market.
If he plans to dump them, he is free to do so, remember that nobody is banning you to sell your coins.
Nobody here wants a reverse Cyprus where you will be able to cash out only 1 bitcoin a day.

stolendata

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Quote from: cynical on October 12, 2017, 05:06:22 PM

Quote from: fratad on October 12, 2017, 03:50:08 PM

Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.

but who is to stop anyone or any group of people from accumulating such an amount?

Quote from: Razick on October 11, 2017, 11:53:49 PM

Satoshi probably does have upwards of 1,000,000 Bitcoin actually. That amount is kind of an illusion though, because it would be almost impossible to sell that many in a short period of time. The value is mostly conceptual due to this. Sure, it is worth ~$5,000,000,000, but in reality he might be able to get a few hundred million of that out before the market tanked hard. So I think generally speaking is the case with most early adopters.

yes i think once the dumping of those coins happens the market would react and would spiral downward leaving each sale after less valuable than they started with, still hugh profit to be had though and leave the rest of us with nothing.

Wow if its true he can be in top 10 world most richest people in the line of bill gates and zuker berg because by holding of 500000 bit coin means he have 25 billion dollar in hand while the bill gates have 85 billion and mark zuker berg have 45 billion dollar. So i think we should try to earn bit coin instead of counting of others people wealth. Satoshi is founder of this currency so he have the right to hold such a huge number of bit coins.

hurain

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Quote from: Razick on October 11, 2017, 11:53:49 PM

Satoshi probably does have upwards of 1,000,000 Bitcoin actually. That amount is kind of an illusion though, because it would be almost impossible to sell that many in a short period of time. The value is mostly conceptual due to this. Sure, it is worth ~$5,000,000,000, but in reality he might be able to get a few hundred million of that out before the market tanked hard. So I think generally speaking is the case with most early adopters.

I think it is not good for bit coin and the expectation from bit coin which can help in poority evaluation will go down to zero as today in the world capitalism is going on throughout the world accept china and other few countries like Russia all the money is in the hand of very few people like bill gates who’s wealth is more than 80% of developing countries so if satoshi has so much bit coin he should make its circulation for the betterment of the people.

MostHigh

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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

Yes I believe is a possibility the developer could be holding because he would probably anticipate where the nature of the coin and how it would affect development and morever if its the developer that is holding such a high percentage of the coin then it should not be such a worry. Its true he could influence the market but if anyone should be able to do that I believe it must be the developer

Andre_Goldman

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Property1of1OU

... after all those years he only made 1 tx ... I can't think a better person (single identity) to keep such amount ...

equator

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Quote from: uszaty43 on October 12, 2017, 05:20:32 PM

If he tries to sell them, he would not be able to sell them because it is too much money, and there is no bank that has that money on fiat to be able to pay for it, if i am not wrong, there is not even that amount of physical cash in a little country. Those are more than 2700 million dollars, it is almost impossible for him to cash out that big amount of money.
But if he does have them on their wallet, is fine, he diserves it because he created all this stuff.

What you are telling is true but i dont think that he will be fool to do that , even if their is bank who can clear the funds but the market will react immediately and we can see bitcoin price going down back to 1$ level. and even loosing the bitcoin future as no one will be with bitcoin after this.

uszaty43

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If he tries to sell them, he would not be able to sell them because it is too much money, and there is no bank that has that money on fiat to be able to pay for it, if i am not wrong, there is not even that amount of physical cash in a little country. Those are more than 2700 million dollars, it is almost impossible for him to cash out that big amount of money.
But if he does have them on their wallet, is fine, he diserves it because he created all this stuff.

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