Topic: Satoshi Nakamoto should be richer than Bill Gates. - page 10. (Read 7450 times)
Hope one day he will be richer, his invention of Bitcoin will have the impact no less then invention of Windows
Its possible since bitcoin price does still continue to rise and others said that satoshi holds up 1M bitcoin which means he have $1B as of now on the current price of bitcoin and what if it would go 10k or 100k or so on? Possibilities would be there that he might be even richer than bill gates but for now no one still knows about on where satoshi is.
If that were to become the case, actual money would have lost it's value against cryprocurrency and Bitcoin wouldn't be that much of amedium of exchange between popular currency any longer. Bitcoin would certainly be different from now but it's uncertain if there's be an economy around it.
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 million US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
Where did you get your statistics?
businessinsider estimated the BTC helt by satoshi to be over $700 million back when the BTC price was $700 (now we're around $900)
http://uk.businessinsider.com/satoshi-nakamoto-owns-one-million-bitcoin-700-price-2016-6
About your question why he didn't generate x coins for himself: he could have done a hefty premine, but since btc is open source, everybody would have been able to see the premine right there in his sourcecode...
It should be $1 billion. My bad
Eventually, and if Satoshi Nakamoto is an individual, he could potentially be richer than very many people.
But an important thing in the way bitcoin fundamentally works is that the number of coins that can be generated is limited.
https://bitcoin.org/en/how-it-works
I still do not understand how come the coins and why their number is limited. Communicating between computers provide the transaction, but that transaction need to make coins? Where they are taken? But an important thing in the way bitcoin fundamentally works is that the number of coins that can be generated is limited.
https://bitcoin.org/en/how-it-works
Well, we don't know that. Maybe Satoshi has more money then Bill Gates but since he doesn't want to reveal his identity and other facts we can't know that. Even if he's not the richest man on Earth I beleive that he owes very big fortune that he enjoys somwhere in the anonimity and that is good for him.
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 million US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
So far Satoshi is still unknown, then there is no way to really determine whether he is richer and even be able to value his wealth. There are even drug lords that might even be richer to some of the rich men we have around but because they are not known we then no have a way to value their wealth. But I hope Satoshi will come out and declare his wealth of that amount and release what he has, then the price of bitcoin is going back way down due to the forces of demand and supply.
Eventually, and if Satoshi Nakamoto is an individual, he could potentially be richer than very many people.
But an important thing in the way bitcoin fundamentally works is that the number of coins that can be generated is limited.
https://bitcoin.org/en/how-it-works
But an important thing in the way bitcoin fundamentally works is that the number of coins that can be generated is limited.
https://bitcoin.org/en/how-it-works
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 million US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
Where did you get your statistics?
businessinsider estimated the BTC helt by satoshi to be over $700 million back when the BTC price was $700 (now we're around $900)
http://uk.businessinsider.com/satoshi-nakamoto-owns-one-million-bitcoin-700-price-2016-6
About your question why he didn't generate x coins for himself: he could have done a hefty premine, but since btc is open source, everybody would have been able to see the premine right there in his sourcecode...
satoshi nakatomo still unknown
and until now bill gates still richer in the world, i think if satoshi nakotomo richer can publish , because in this country satoshi nakamoto still pay TAX
and until now bill gates still richer in the world, i think if satoshi nakotomo richer can publish , because in this country satoshi nakamoto still pay TAX
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
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