Satoshi Nakamoto should be richer than Bill Gates. - page 7.

Clement Kaliyar

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Quote from: ufaiz50 on April 01, 2017, 08:28:43 PM

Quote from: satongshi on March 29, 2017, 06:49:07 AM

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?

satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown

You are making me laugh my child,the alias behind the name Satoshi Nakamoto is richer than Bill Gates and no one knew about him,was he a drug lord or what to hide his real world assets and hope you know what you are talking here,he is not paying tax and he is a culprit and that is what you are claiming by this. Tongue

@OP if he was pre mining all the coins then people would not trust bitcoin as simple as that and so that the price wont even reach these valuation.

noictib

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Quote from: satongshi on March 29, 2017, 06:49:07 AM

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?

Actually the control is always a big factor in anything , if Satoshi nakamoto will create unlimited bitcoin then surely the Nakamoto will became scammer , But opposite of this he is really a talented , trusted a nd sharp minded person who always follows his rule that he made for the bitcoin .
So here it is more better to make the limited generate of the bitcoin , Because balanced thing always gives a result which remain long lasting .
It is just a matter of thing , let think if he create unlimited bitcoin then what will be value of the bitcoin in the market , the market of bitcoin will go down rapidly , so here the current condition to remain less rich is more better than what you are thinking to be happen .

CloudStrife

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Certainly not at the present time, but I think the Bitcoin marketcap will rise greatly over the next few years, and maybe in a decade or less, Satoshi will be the richest man in the world.

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Quote from: suredoood on April 01, 2017, 11:51:20 PM

LOL literally everything you said makes zero sense.

1. To be fair, Bill Gates has done a lot more in terms of innovation than Satoshi Nakamoto, not to diminish Nakamoto's work.

2. Nobody knows how much money Satoshi has because nobody knows who he is.

3. He cannot generate infinite Bitcoin for himself, if he could, he would.

And what did Bill Gates do in terms of innovation?

His only genuine project was some crappy Basic interpreter which couldn't even compile programs (and I'm not sure how truly genuine it was). All his other projects were either outright stolen (like, for example, MS-DOS) or had nothing to do with innovation as such. Bill Gates and Co didn't invent anything on their own. They took networking from BSD TCP/IP stack of Berkeley fame, their NT kernel (so-called "New Technology") has roots in VMS systems of Digital fame, etc. In fact, I'm heavily inclined to think that Microsoft with their monopolization of desktop operating system market has greatly slowed innovation. Apart from that, it doesn't matter whether Satoshi is known or not, it is what he did what matters in the end, and Bitcoin is a real innovation by any metric. Whether it will be of great purpose and success eventually we can't say right now since it may take decades to come to any definite conclusion

Sithara007

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I asked one of my friends (who is active in crypto) the same question. I asked him what has Bill Gates done, to make him richer than Satoshi Nakamoto. His reply was pathetic. He asked me, why Satoshi? Why not Vitalik Buterin or Andreas Antonopoulos? Some people are yet to fully understand what Satoshi has done.

suredoood

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LOL literally everything you said makes zero sense.

1. To be fair, Bill Gates has done a lot more in terms of innovation than Satoshi Nakamoto, not to diminish Nakamoto's work.

2. Nobody knows how much money Satoshi has because nobody knows who he is.

3. He cannot generate infinite Bitcoin for himself, if he could, he would.

micher143

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Maybe but somehow no, because bitcoin has a limited supply just like other coin and ICO so as far as you can see the large part of the bitcoin is in the people who are using it but imagine if satoshi nakamoto is holding the 50% of the total supply of the bitcoin? Maybe yes he is the richest person in the world with that supply but what if when the bitcoin is at the bottom rock he sell all of the bitcoin that he holds? Many possibilities but in overall satoshi nakamoto is a legend that is starten the bitcoin in digital community and spread in the world.

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Quote from: ufaiz50 on April 01, 2017, 08:28:43 PM

Quote from: satongshi on March 29, 2017, 06:49:07 AM

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?

satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown

All of the bill gates assets are over hundreds billions dollar right now. That's no comparable with the total bitcoin market capitalization.
Satoshi Nakamoto just anonym identity, and it will never get revealed into the public audience.

renfangfua

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Quote from: ufaiz50 on April 01, 2017, 08:28:43 PM

Quote from: satongshi on March 29, 2017, 06:49:07 AM

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?

satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown

Satoshi nakamoto is still anonymous and we even don't know of its a single person or a group or community. then there is no way to really determine whether he is richer and even be able to value his wealth.Maybe,he is richer than Gates,and who knows.

iamTom123

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Quote from: satongshi on March 29, 2017, 06:49:07 AM

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?

That is a good question to think about. I think that Satoshi never intended to be very rich when he had Bitcoin in his mins and when he implemented the idea. And that is something we have to thank for because if have had been greedy then probably we would not have the Bitcoin we have today as it would just be another fiat money induced by greed and controlled by somebody else. Satoshi if he is a real man is now actually rich because his share is improving in value. What Satoshi did at the foundation of Bitcoin should be an inspiration for all stakeholders in the Bitcoin community.

ufaiz50

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Quote from: satongshi on March 29, 2017, 06:49:07 AM

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?

satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown

cpfreeplz

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Quote from: satongshi on March 29, 2017, 06:49:07 AM

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?

What a stupid question. If some anonymous guy kept making some anonymous coin that no one used but him it would be 100% useless and worthless. Even if he owned a huge portion it would be a clusterfuck waiting to happen.

Should he be richer....? I mean ya the Blockchain was a lot of work, but was it something that took satoshi their whole career? We'll never really know, but I don't think so. Bill Gates earned his billions over years and years. He got lucky in a lot of ways but also he was smart in a lot of other ways.

btcwhiskey

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He will be the day btc reaches mainstream.

sunsilk

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Quote from: Idrisu on April 01, 2017, 10:11:47 AM

One day I believe satoshi Nakamoko will reveal his really Identity and from there his name will start to be mentioned in the world rich people list. I also pray for our names to be mention in good things and not bad things. Bill gate reach we he is today because he believes himself.

Why there's a need for mentioning our names? Just simply revealing who he really is was enough.

And comparing the wealth of these two giant names, Bill Gates is wealthy enough to run a small country.

But I'm thinking when the price of bitcoin reaches $10,000 - $100,000 then Satoshi will be damn richer and can have a venture with Gates.

centralbanksequalsbombs

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Quote from: yogg on April 01, 2017, 03:00:29 AM

Quote from: mocacinno on March 29, 2017, 07:04:41 AM

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...

Just a sidenote :
What's the difference between a premine, an instamine, and Bitcoin ?
Since that cryptocurrency scheme was coming out of nowhere, satoshi was the only one believing in it for some time, and was the only miner.

Fact that it was open source is important, but to me bitcoin is an "instamined" coin. The "Insta" part during weeks, sure, but still ...

And as a self-less gesture didn't dump those initial chunks of bitcoin. Satoshi died in 2013. No one ever will be touching those coins. Satoshi had a grander dream for the world.

Idrisu

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One day I believe satoshi Nakamoko will reveal his really Identity and from there his name will start to be mentioned in the world rich people list. I also pray for our names to be mention in good things and not bad things. Bill gate reach we he is today because he believes himself.

yogg

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Quote from: mocacinno on March 29, 2017, 07:04:41 AM

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...

Just a sidenote :
What's the difference between a premine, an instamine, and Bitcoin ?
Since that cryptocurrency scheme was coming out of nowhere, satoshi was the only one believing in it for some time, and was the only miner.

Fact that it was open source is important, but to me bitcoin is an "instamined" coin. The "Insta" part during weeks, sure, but still ...

deisik

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Quote from: Hydrogen on April 01, 2017, 01:18:55 AM

Bill Gates #1 net worth comes from him owning a majority stake in microsoft stock.

Jeff Bezos #2 his net worth is tied up in amazon stock, he is also CEO of amazon.

Warren Buffett #3 has his net worth tied up in a hedge fund.

Satoshi could have more cash on hand than any of the top 3, as most of their cash is tied up in stocks or investments

If wishes were horses, beggars might ride

As to me, this is a meaningless assumption. To get cash, he would have to sell his 1M bitcoins, right? But do you know how much cash he would get as a result of selling off his stash, i.e. what would be the average price of a bitcoin sold by him? We don't know that, but it should be crystal clear that he wouldn't get even 1,000 dollars per coin on average. Dumping that many coins would likely crash the price to lower hundreds (if not below). Nevertheless, let's assume that he got 500M dollars in cash (and this is in fact a very optimistic assessment). Do you you really think that any of the three dudes you mentioned couldn't get times more instantly by selling part of their stocks? Just in case, I know what you are going to say, so think twice before saying that

batang_bitcoin

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Let's say Satoshi Nakamoto holds 1 million bitcoins and with the current price, let's assume at $1k multiplied with 1M BTC = $1B correct me if I'm wrong but that is still not enough to compare Bill Gates total net worth and shares that he got with different investments and ventures that he's into it. And if Satoshi will sell all of it, bitcoin market will collapse and price will decrease quickly.

Hydrogen

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Bill Gates #1 net worth comes from him owning a majority stake in microsoft stock.

Jeff Bezos #2 his net worth is tied up in amazon stock, he is also CEO of amazon.

Warren Buffett #3 has his net worth tied up in a hedge fund.

Satoshi could have more cash on hand than any of the top 3, as most of their cash is tied up in stocks or investments.

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