Topic: Satoshi Nakamoto's stack - page 4. (Read 23460 times)

I have read somewhere in this forum that Satoshi is having around BTC980,000 in all of his wallets, which is worth some $1.4 billion as per today's exchange rates. But two important questions remains unanswered.

1. Is Satoshi Nakamoto alive?
2. If he is alive, then is he in the possession of the private keys to all of these wallets?

There are many different logical possibilities, but the most obvious ones are these, to me:

A) Satoshi is a person
- he's dead and his heirs didn't know who he was
- he believes in bitcoin taking over the world's economy ; then it would be silly to sell his coins for a billion, when he can get a trillion and be "master of the world"
- he would have liked to sell them, but he doesn't know how to do so without giving up his anonymity: for sure, the exchange on which he sells the coins will know who he is, or to what bank account he withdraws.  He was already pretty paranoid in the old days.
- he didn't bother to keep the private keys ( <-- cannot believe this)
- he never had the keys himself, because he was working for someone.

B) this last point brings us to: Satoshi is an organisation.  In fact, the points are similar
- the association doesn't exist any more (for instance, the keys were in escrow, and the different signees don't agree to get together any more/are dead/are in prison /....)
- they are waiting for bitcoin to take over the world economy at which point they own a big part of it and will be the rulers of the world
- they don't know how to cash out without getting caught/found out
- on purpose, they didn't keep the keys, because they wanted to establish a system that would modify the economy/finance
- they were a group, doing this in command of a higher entity (a state, a rich family, a terrorist organisation, ...)

I don`t think that anyone other than the real Satoshi can answer your questions.
If the real Satoshi is hiding from the authorities,maybe he must have sold his bitcoins for fiat a long time ago.
I don`t know.This is just a suggestion.

It's not really possible to see all of the wallets that he used because he has probbaly used many addresses independently so there is pretty much no way that someone can track all of these addresses down.

And also, it is hard to confirm exactly whether or not a wallet belongs to satoshi, or just some other random dude who has adopted bitcoin from an early stage. 1 million bitcoins is only an estimate, it is by no means a figure that you should take 100%.

But welcome to the bitcointalk community, hopefully you can learn a lot about bitcoin here.

I don't think he got an opportunity to sell his holding because if he had sold them in early stages than market could have crashed long time ago. 1 million+ coins are so much that if anybody sell them in one shot at current market, it will trigger a series of crash that won't be good for bitcoin.

And satoshi don't like to crash bitcoin economy due to his greed.

As the main founder of the bitcoin community and network it self its not that shocking if he holds a million bitcoins or even 2million or more than,i known some altcoins owner which owns their own coin for about a 5 miliion or more.Thats no different

That is just the thing, back in those days most of the transactions being done, were only experimental and you could not really buy something with it at the time. I think Lazlo's Pizza's was the actual first transaction where the general public realized that you can buy something with it. < there might be others, but it is not that well known >

His coins has not shown any transactions, where it went from one Bitcoin address to another, but we know he tested it with Finney. ^smile^

They're in an account that he owns or used to own, however the address has not had any outgoing transactions for years if I remember correctly. It would be relatively fair to assume that he's not going to use them and they are essentially burned, otherwise SN is essentially a billionaire. And he might be waiting to sell them off onto the market, but he hasn't made any contact or communications in any way for a long period of time so it's just a random guess at this point.

that is exactly why you are not him!
because making bitcoin was about making "bitcoin" not earning money from it. unlike altcoin developers these days who claim to be starting a new cryptocurrency for the world but instead they use methods like premine and ICO to make money from the project.

and FYI we will probably never find any answers for any of the questions you ask because Satoshi is either dead or chose to stay anonymous and it will stay that way.

p.s. don't miss my question above!

? ? ? i really like bitcoin and i like learning about its past and i am really curious to know if satoshi still has them or he ended up selling them when they were 5$ because if i was him i would have been really tempted to sell 1M btc at 10 or 5 dollars it would have been a tough decision to make

Why do you want to know? It is none of your damn business.

Are you planning on stealing them?

Why would the FBI confiscate Burt's coins,was he involved in illegal activities to take away all his coins.
So in hind sight all the talks about millions of coins that satoshi is holding is just speculation,some of the earlier wallets do have 50 bitcoins but that does not mean that he is still holding those coins nor does he have the private keys to those.

In my opinion to found the bitcoin adress with most bulk bitcoin hold in the blockchain​ network is very hard to find and if we will use a super computer then probably it will take time about 5-6 ( avrage) years , so here it will be more better to say the it is impossible to find out .
Secondly , Mr satoshi himself is the owner of the bitcoin network , so surely he will use best technology to store his bitcoin like cold storage , so that no one can see the transaction or no one can track them.for his bitcoin that he holds in his wallet .

Is this specific wallet that which was confiscated from Burt W. I know Burt's around here, but I'm sure he's not likely to read this specific thread.


These coins are still in the wallet!  

There are threads about the first wallet created and early transactions...these have to be owned by Satoshi. Anyone know the threads specifically?

lots of addresses

ok. here goes go to
https://blockchain.info/block-height/1
click the hash
and you will see
No Inputs (Newly Generated Coins) ->
if the address after -> has an (unspent).. then its still on that address..

then
go to
https://blockchain.info/block-height/2
click the hash
and you will see
No Inputs (Newly Generated Coins) ->
if the address after -> has an (unspent).. then its still on that address..

repeat that by changing the block-height
there will be upto 52000 blocks you can manually go through that could be his

like i and others said. the coins are spread out over THOUSANDS of addresses

i am very curious to know what exactly did you search for, that you missed all the miners with LOTS of bitcoin, all these services, exchanges, web wallets that have huge amounts of bitcoin and instead found a wallet belonging to FBI containing 300K. and can you share that wallet with us too.

looking forward to seeing this wallet...

but the question is where are those coins now?

a few studies on the patterns of the extranonce have seen maybe under 1mill coins are his as oppose to over 1mill coins

https://bitcointalksearch.org/topic/chain-archaeology-answers-from-the-early-blockchain-507458

eg

black dots(blocks) that form a patterened line (probably satoshi)
red dots that form lines of different clants/lengths are lots of different people

also worth noting in the first 4 years (10.5mcoins produced) more than 10 people were mining.. way way more than 10 people.
plus ssatoshi disapeared within this firs 2 years. so mathematically over 1mill coins being just satoshis is a stretch

They 100% for sure aren't all in one wallet and nobody knows which coins are his. It's something you can speculate on but there will never be a solid answer. I honestly think the 1Million is a made up number based on nothing.

its spread out amungst many thousands of addresses
pretty much the first 144 blocks on day one of bitcoin  95% sure that majority of them coins (7200coins spread over 144 addresses) are satoshis.
yes each block  different address of about 50 btc each 144 blocks each day adds upto to thousands of addresses

in the first couple weeks id say 90% are satoshi's. the first month 40% are satoshis first couple months 20% are satoshis
by the end of the first year under 5% are satoshi's but all of those addresses thousands of addresses have ~50 btc on them each.