Satoshi's now has 600- 700k bitcoins? - page 2.

tegarp90

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Quote from: atorle on August 21, 2018, 07:15:00 PM

It has often been reported that the creator of bitcoin - Satoshi Nakamoto- has at least a million bitcoins, that could spark a lot of market distortions should those coins ever move from their wallets, but recent report by Bitmex's research team suggest figures 30 percent lower. 600 - 700k bitcoins
What do you think? Any significant difference?

Reference: https://news.bitcoin.com/satoshis-1-million-bitcoin-haul-could-be-smaller-than-first-thought/

Is there anyone else thingking besides me that "satoshi" is not really a one person.
I think they have a group of people who maintain it all till right now.

bitfocus

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Does it really matter? there are huge scope to buy or mine your own Bitcoin, so, Satoshi's holding actually matters nothing. Let him/them stay anonymous.

burky155

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Quote from: BitcoinNewbie15 on August 21, 2018, 09:47:17 PM

Quote from: atorle on August 21, 2018, 07:15:00 PM

It has often been reported that the creator of bitcoin - Satoshi Nakamoto- has at least a million bitcoins, that could spark a lot of market distortions should those coins ever move from their wallets, but recent report by Bitmex's research team suggest figures 30 percent lower. 600 - 700k bitcoins
What do you think? Any significant difference?

Reference: https://news.bitcoin.com/satoshis-1-million-bitcoin-haul-could-be-smaller-than-first-thought/

I don't think this makes any difference. 1 million coins or 600k coins, I think it's safe to say that these coins are gone forever. Satoshi himself was very libertarian, I doubt he wanted to be in the position where he himself becomes what he despised. Bitcoin is his brainchild, he deeply cares for Bitcoin, he knows that moving or using these coins would harm it. If he had the self-restraint to not access that wealth at the peak of the price, I'm sure he won't ever access them.

Yes i am very agree with you on this. "I don't think this makes any difference. 1 million coins or 600k coins"

A million bitcoin makes 6,5 billion dollar and it is anormous amount of Money.. I don't know where he is right now (I think no one knows) but he should be happy and relaxful. I hope one day he comes our and talk to the press and explain everything to us..

KonstantinosM

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Life is a taxable event

Even if Satoshi has 1 million coins and even if he wanted to sell all of them, the market would only move in the short term (if he sold all at once).

Also I don't think Satoshi still has access to those bitcoins. They were worth nothing back then so it's completely possible he just changed wallets or lost the keys as so many after him have.

For a small blip of time, bitcoin would plummet down near zero as people lucky enough to have liquidity would buy everything up. Then things would probably bounce up in the thousands again before you'd even know it.

People think whales make the markets but they really don't. It's buyers and sellers. I'm not afraid of how much Bitcoin Satoshi potentially has.

mlsbd

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Quote from: atorle on August 21, 2018, 07:15:00 PM

It has often been reported that the creator of bitcoin - Satoshi Nakamoto- has at least a million bitcoins, that could spark a lot of market distortions should those coins ever move from their wallets, but recent report by Bitmex's research team suggest figures 30 percent lower. 600 - 700k bitcoins
What do you think? Any significant difference?
Reference: https://news.bitcoin.com/satoshis-1-million-bitcoin-haul-could-be-smaller-than-first-thought/

I can't reached the your reference link. This research is not correct i think, Satoshi Nakamoto own several million bitcoins. 600-700K is small amount as a developers. Many unknown persons owned million of Bitcoins it's published by journal.

Thirdspace

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Mixing reinvented for your privacy | chipmixer.com

is there a list of all bitcoin addresses presumably belong to satoshi?
would be interesting to see if there will be any transaction out in the future Wink

they are already dormant for some time now and probably will never be claimed/moved by him,
so those addresses would be very good target for private keys brute force Tongue

levvv

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Quote from: atorle on August 21, 2018, 07:15:00 PM

It has often been reported that the creator of bitcoin - Satoshi Nakamoto- has at least a million bitcoins, that could spark a lot of market distortions should those coins ever move from their wallets, but recent report by Bitmex's research team suggest figures 30 percent lower. 600 - 700k bitcoins
What do you think? Any significant difference?

Reference: https://news.bitcoin.com/satoshis-1-million-bitcoin-haul-could-be-smaller-than-first-thought/

1 million is not a little amount, it could make the market change with a significant difference indeed.
But if you were a founder of bitcoin, you must be want to make bitcoin going better and gained more trust from peoples, not dumping it on the market.

raidarksword

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Satoshi never been proved who he was, whether is only one person or group of people who created bitcoin but if this true it can really affect the market conditions right now. Hopefully Mr. Satoshi will continue to hold so that bitcoin will surely rise the price and it can attract more investors towards it.

Charmaine52

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This makes Satoshi able to recoup the processing of local and global manufacturers. This is a huge amount, I would be scared if I have a lot of cash .. And he never made a statement about anything or see anywhere.

superfan

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I thought more but 600-700 is enough... Wink

Ava Duvall

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Quote from: FlexBrah on August 21, 2018, 10:59:48 PM

In any case, this is a huge number of BTC that can affect the market, plus to this it has in the same amount all hard forks bitcoin

Of course it can affect the market , it would be massive. But I believe he has even more

boboshrish

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I think mr satoshi have more then 600-700k bitcoins. May b he is the reachest person of the world.

giantrobot

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Of course, Bitcoin is the spirit child of Satoshi, surely he will not ruin it. As far as he owns Bitcoins, it does not affect the price of Bitcoin today, because there are so many Bitcoins in the world. To think more positively, Satoshi is the founder of Bitcoin, so he lets himself and some descendants be obvious.

Donationcoin

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It is good to have, but in my opinion Satoshi is not the regular person, and for him it is not the same as for me in example, because I would be using it, while he is just holding.

TheArchaeologist

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---------> 1231006505

Quote from: gentlemand on September 04, 2018, 03:56:22 PM

At the original block reward you got 7200 coins a day.

In the beginning the average time for finding a block was over 10 minutes. Since the difficulty was it 1 it couldn't be dialed back. Your calculation of early April is about 6 weeks off since block 14400 (6*24*100) was mined on May 14 2009.

But I agree it's still a lot of coins

gentlemand

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Welt Am Draht

At the original block reward you got 7200 coins a day. That's only 100 days of unbroken mining by Satoshi to get 720,000 coins which would only take you up to early April 2009. There would've been dabblers, Hal Finney being the first of course, but there were points where outside interest was nil.

Both the original and Bitmex estimates feel plausible. The exact figure is kind of academic. It's enormous no matter what.

cpoer2011

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I don't know where the number came from that Satoshi's has 600K-700K Bitcoin on his wallet instead 1M Bitcoin just like reported before. But, I think it doesn't matter because we don't know who Satoshi is. Is he a single person or any person. Now I'm just thinking about my bitcoin.

Kekenapep

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But satoshi nakatomo is anonymous,now how did you guys come about all this figures,this is all speculations and in my candid opinion;shouldnt be taken seriously.

LimePleasant

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Now imagine he decides to sell all his Bitcoins. This would damage the market very seriously especially with the capitalisation we have at the moment wich is still very low.

Ucy

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Compare rates on different exchanges & swap.

This all speculation though. It could be much less than that by the way. There is absolutely no proof he owns that much Bitcoins. He deserves it though if he indeed does own them. He took alot of risk. Plus very few people have that level of self control and discipline.

It is a mystery why all the old coins have remained unmoved.
He probably lost/destroyed his privatejkeys or currently under house arrest ?

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