Satoshi only spent 50 BTC. Here's where those coins are now

Taras

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Quote from: Velkro on July 02, 2014, 02:19:40 PM

From this image:
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FiDMNXFo.png&t=541&c=XEIGWtzYDM2MOQ

Where are addresses of this very large cold wallets?

One of the coins went to each of these addresses:

1Kf33BbrJDuAVC91w9ACtRgf6KJrLWSkHV
1GEPJiMSDvXHU83GhHHxrVmWL7tt7HPVyD

Taras

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Quote from: newIndia on July 02, 2014, 02:33:14 PM

Quote from: Taras on June 13, 2014, 03:35:31 PM

Quote from: FrozenBit on June 13, 2014, 01:57:14 AM

I don't understand why people claim he has 1,000,000 bitcoins. There is no feasable proof he owns more than 500 he mined at the beginning. I've looked for hours before in hope to find something that contains proof of his mining of the coins. There really is nothing.

I believe the 1,000,000 coins is a myth.

We can see most of the blocks that he has mined.
See these threads:
https://bitcointalksearch.org/topic/satoshis-fortune-lower-bound-is-100m-usddebate-going-on-do-not-tweet-175996
https://bitcointalksearch.org/topic/chain-archaeology-answers-from-the-early-blockchain-507458

How we can tell is that the "extraNonce" variable increments every time a block is found, and creates "lines" of blocks that can be traced to individual miners. The largest, most consistent ones were satoshi's "blind miner" which made sure the network operated even when nobody else was mining/confirming transactions.

Also, so far we've only confirmed him to have 980,000 coins.
I was working on a more in-depth analysis, but school has kept me out of that. I should probably get back on it now, though...

If u believe satoshi is sitting on 1M coins, can u plz list out the related addresses ?

There are thousands. I will eventually make a list.

newIndia

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Quote from: Taras on June 13, 2014, 03:35:31 PM

Quote from: FrozenBit on June 13, 2014, 01:57:14 AM

I don't understand why people claim he has 1,000,000 bitcoins. There is no feasable proof he owns more than 500 he mined at the beginning. I've looked for hours before in hope to find something that contains proof of his mining of the coins. There really is nothing.

I believe the 1,000,000 coins is a myth.

We can see most of the blocks that he has mined.
See these threads:
https://bitcointalksearch.org/topic/satoshis-fortune-lower-bound-is-100m-usddebate-going-on-do-not-tweet-175996
https://bitcointalksearch.org/topic/chain-archaeology-answers-from-the-early-blockchain-507458

How we can tell is that the "extraNonce" variable increments every time a block is found, and creates "lines" of blocks that can be traced to individual miners. The largest, most consistent ones were satoshi's "blind miner" which made sure the network operated even when nobody else was mining/confirming transactions.

Also, so far we've only confirmed him to have 980,000 coins.
I was working on a more in-depth analysis, but school has kept me out of that. I should probably get back on it now, though...

If u believe satoshi is sitting on 1M coins, can u plz list out the related addresses ?

Velkro

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From this image:
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FiDMNXFo.png&t=541&c=XEIGWtzYDM2MOQ

Where are addresses of this very large cold wallets?

Taras

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Quote from: TooDumbForBitcoin on June 13, 2014, 06:38:52 PM

Quote

private keys are lost

Proof, or it didn't happen.

It's technically not possible to prove that a private key doesn't exist. We can only theoretically prove that it does.

I fully believe satoshi has his coins, and is just waiting for the right moment. Maybe he'll never spend them?

TooDumbForBitcoin

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Quote

private keys are lost

Proof, or it didn't happen.

Taras

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Quote from: FrozenBit on June 13, 2014, 01:57:14 AM

I don't understand why people claim he has 1,000,000 bitcoins. There is no feasable proof he owns more than 500 he mined at the beginning. I've looked for hours before in hope to find something that contains proof of his mining of the coins. There really is nothing.

I believe the 1,000,000 coins is a myth.

We can see most of the blocks that he has mined.
See these threads:
https://bitcointalksearch.org/topic/satoshis-fortune-lower-bound-is-100m-usddebate-going-on-do-not-tweet-175996
https://bitcointalksearch.org/topic/chain-archaeology-answers-from-the-early-blockchain-507458

How we can tell is that the "extraNonce" variable increments every time a block is found, and creates "lines" of blocks that can be traced to individual miners. The largest, most consistent ones were satoshi's "blind miner" which made sure the network operated even when nobody else was mining/confirming transactions.

Also, so far we've only confirmed him to have 980,000 coins.
I was working on a more in-depth analysis, but school has kept me out of that. I should probably get back on it now, though...

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Too bad satoshi spent all his 50 coins.

bananaeater

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Oh wow, great alnalysis there. Impressive.

Ashbite

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pretty interesting thread dude!
You put a lot of work in there to make those scheme's, good job man.
Funny to see how he spend it and how it all got distributed.

dserrano5

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Quote from: Cryptogirl82 on June 13, 2014, 01:46:43 AM

I wonder if he even knows that the BTC price has risen so high?

When Dorian was "discovered", satoshi came back to say he wasn't Dorian. He's in the loop.

Gyrsur

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Bitcoin Legal Tender Countries: 2 of 206

private keys are lost. Roll Eyes

FrozenBit

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I don't understand why people claim he has 1,000,000 bitcoins. There is no feasable proof he owns more than 500 he mined at the beginning. I've looked for hours before in hope to find something that contains proof of his mining of the coins. There really is nothing.

I believe the 1,000,000 coins is a myth.

Cryptogirl82

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I wonder if he even knows that the BTC price has risen so high?

Taras

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I'm going to bump this to see if any new bitcoiners would find it interesting.

boumalo

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Quote from: TheRealSteve on May 04, 2014, 11:02:09 AM

Quote from: baogunike on May 04, 2014, 10:34:01 AM

if he just spent 50 BTC, he still hold lots of btc.

Note that there's never evidence of somebody holding it - unless they provide that evidence. The only evidence we have is that other coins aren't spent. That could be because they're being held, because the address' owner lost or destroyed the keys, or simply forgot about it entirely (not particularly likely option, in this case).

He couldn't have sold the private keys because the buyer would have send the btc to an other address

It is unlikely he is holding to sell it later

TheRealSteve

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FUN > ROI

Quote from: baogunike on May 04, 2014, 10:34:01 AM

if he just spent 50 BTC, he still hold lots of btc.

Note that there's never evidence of somebody holding it - unless they provide that evidence. The only evidence we have is that other coins aren't spent. That could be because they're being held, because the address' owner lost or destroyed the keys, or simply forgot about it entirely (not particularly likely option, in this case).

baogunike

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if he just spent 50 BTC, he still hold lots of btc.
So,why should we sold out our BTC?
just hold it Cheesy

Taras

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Quote from: boumalo on April 29, 2014, 10:44:00 AM

1000 is pretty nice, 1,000,000 is extraordinary

Just 10 is damn good. Wink

Gyfts

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Very interesting thread. Pretty cool how bitcoins are distributed.

Topic: Satoshi only spent 50 BTC. Here's where those coins are now (Read 28844 times)