There's a small group of early adoptors though, who all have 300k+ bitcoins
It does not appear from the video that there is any early adopter holding a huge amount of Bitcoins.
Topic: Satoshi's 20,000 BTC? - page 2. (Read 3917 times)
legendary
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Reverse engineer from time to time
It does not appear from the video that there is any early adopter holding a huge amount of Bitcoins.
There's a small group of early adoptors though, who all have 300k+ bitcoins
It does not appear from the video that there is any early adopter holding a huge amount of Bitcoins.
it would crash for that week... maybe 2 weeks... but it would recover to an extent... it's not something that one should worry about long term for bitcoins... as I repeatedly have stated 10,000 times before... we print more every month than the early adopters most likely have total.
Fiat money is regularly used by the mass of the population every day. BTC is, for the moment, regularly used only by a small cabal of nerds and drug dealers. There is quite a difference in what each can support.
I agree with error that this is a market anyone with a lot of USD could crash overnight; however, that doesn't negate the risk posed by early hoarders either as we know nothing concrete concerning their long term intentions or ethics. Investing in BTC is, at the end of the day, incredibly risky, but so is investing in any fiat currency long term.
it would crash for that week... maybe 2 weeks... but it would recover to an extent... it's not something that one should worry about long term for bitcoins... as I repeatedly have stated 10,000 times before... we print more every month than the early adopters most likely have total.
There's a small group of early adoptors though, who all have 300k+ bitcoins, who could all singlehandedly wreck bitcoin at any moment they choose.
Selling off 300K BTC would drive the price down sharply - I wonder how low? maybe to $1, maybe lower.
I don't think it would wreck Bitcoin though. Bitcoin remains an excellent method of payment irrespective of the value of a Bitcoin, so long as it has some value and there are exchanges. Given the size of the the existing network, it will always have a non-zero value and therefore remain useful as a method of payment.
but they could only do it once.
after that, the 300,000 coins would have been distributed more evenly thereby giving up the power to do it again.
That is like saying that you can only kill a person once. After killing me, you'd never have the power to do it again. Does that make me the winner or the loser?
i already decided a while ago which one you were actually.
but silly me took you off 'ignore' for this thread.
but they could only do it once.
after that, the 300,000 coins would have been distributed more evenly thereby giving up the power to do it again.
That is like saying that you can only kill a person once. After killing me, you'd never have the power to do it again. Does that make me the winner or the loser?
Satoshi probably has ten times that amount, or more.
As for people being afraid about it, it's the same reason children fear the bogeyman under the bed; utterly irrational.
As for people being afraid about it, it's the same reason children fear the bogeyman under the bed; utterly irrational.
Of course. Just like the boogeyman, Satoshi doesn't actually exist. There's a small group of early adoptors though, who all have 300k+ bitcoins, who could all singlehandedly wreck bitcoin temporarily at any moment they choose. If you have to be affraid of it or not is another question though.
but they could only do it once.
after that, the 300,000 coins would have been distributed more evenly thereby giving up the power to do it again.
Satoshi probably has ten times that amount, or more.
As for people being afraid about it, it's the same reason children fear the bogeyman under the bed; utterly irrational.
As for people being afraid about it, it's the same reason children fear the bogeyman under the bed; utterly irrational.
Of course. Just like the boogeyman, Satoshi doesn't actually exist. There's a small group of early adoptors though, who all have 300k+ bitcoins, who could all singlehandedly wreck bitcoin at any moment they choose. If you have to be affraid of it or not is another question though.
Shhhhhhhhhhhhhhhhhhhhhhh!!!!!
Maria.
Satoshi probably has ten times that amount, or more.
As for people being afraid about it, it's the same reason children fear the bogeyman under the bed; utterly irrational.
As for people being afraid about it, it's the same reason children fear the bogeyman under the bed; utterly irrational.
Of course. Just like the boogeyman, Satoshi doesn't actually exist. There's a small group of early adoptors though, who all have 300k+ bitcoins, who could all singlehandedly wreck bitcoin at any moment they choose. If you have to be affraid of it or not is another question though.
It's not the early adopters holding large amounts of BTC that it's rational to worry about. After all, these people generally have a very strong incentive to continue holding it. The people that it's rational to worry about are those who have large amounts of USD and could singlehandedly wreck Bitcoin whenever they want.
Satoshi probably has ten times that amount, or more.
As for people being afraid about it, it's the same reason children fear the bogeyman under the bed; utterly irrational.
As for people being afraid about it, it's the same reason children fear the bogeyman under the bed; utterly irrational.
Of course. Just like the boogeyman, Satoshi doesn't actually exist. There's a small group of early adoptors though, who all have 300k+ bitcoins, who could all singlehandedly wreck bitcoin at any moment they choose. If you have to be affraid of it or not is another question though.
Satoshi probably has ten times that amount, or more.
As for people being afraid about it, it's the same reason children fear the bogeyman under the bed; utterly irrational.
As for people being afraid about it, it's the same reason children fear the bogeyman under the bed; utterly irrational.
Why are people saying that Satoshi has 20,000 BTC held up that he could dump at any time?
According to this video there are no huge spikes early on in the blockchain:
http://www.youtube.com/watch?v=9q3UtmhR9G8
According to this video there are no huge spikes early on in the blockchain:
http://www.youtube.com/watch?v=9q3UtmhR9G8
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