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Topic: Satoshi's now has 600- 700k bitcoins? - page 3. (Read 1168 times)

member
Activity: 308
Merit: 13
August 27, 2018, 07:52:28 AM
#30
If this is true, then Satoshi Nakamoto will not use these coins to damage Bitcoin. This is unreasonable. He created Bitcoin, and he's the last person to hurt him.
newbie
Activity: 72
Merit: 0
August 27, 2018, 07:41:51 AM
#29
I've read an article lately about 10 biggest owners of BTC and Satoshi with number one had over 1 million coins. How do they measure it is out of my understanding though.
newbie
Activity: 182
Merit: 0
August 27, 2018, 06:11:26 AM
#28
no one knows that,satoshi created bitcoin bit it 's so hard to say he has 600k bitcoin.
jr. member
Activity: 154
Merit: 1
August 27, 2018, 06:08:07 AM
#27
I do not know 600-700 thousand of them from him or a million, but I can say for sure that this is a very large amount on the account
full member
Activity: 658
Merit: 112
August 27, 2018, 06:07:17 AM
#26
No one knows howmany bitcoin Satoshi Nakamoto has, but if you are saying right, let me calculate (!) it makes more than $4.5 billion.. This is huge money, i would scare if i have that much cash.. And he never makes statements about anything or seen anywhere. I know lots of people who doesn't believe that he is exist!
jr. member
Activity: 209
Merit: 1
August 27, 2018, 06:01:17 AM
#25
that was a great numbers of bitcoin if Satoshi has it.This may result to the empowerment of satoshi that can be bought anything he wants.This makes Satoshi able to regain the handling of the manufacturers locally and globally.
jr. member
Activity: 154
Merit: 1
August 22, 2018, 07:28:08 AM
#24
I do not know who to believe but the fact that Satoshi is simply a colossal state is a fact Grin
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
August 22, 2018, 06:54:44 AM
#23
More certainty could only come when coins get spent..

the only way you can become certain of how much he owns is that if Satoshi creates 1 transaction including all the outputs and spend all of them. otherwise spending from different keys at different times doesn't prove anything. it can still be 100 different people who had nothing to do with Satoshi but mined early blocks spending their coins.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
August 22, 2018, 06:37:40 AM
#22
It doesn't matter at this point in time, though I must say that 600-700k bitcoins can still drown the whole market if ever Satoshi wanted to dump, or even move his coins whatsoever. I don't really see him utilizing those coins seeing that he hasn't even appeared on any forums, blogs, mailing list whatsoever in the web. Even if he has that many coins, it would be pretty useless assuming he can't and won't move it. The amount of bitcoin the creator has is just, IMO, a sensationalized part of what was that cannot be altered given that Satoshi himself don't even want to get involved on his magnum opus.
full member
Activity: 225
Merit: 100
August 22, 2018, 05:16:43 AM
#21
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/
This is of course awesome bad knowing who he is from the rumours I think that he actually don't need it, just imagine for somebody like him to have so insanely big money amount.
hero member
Activity: 1470
Merit: 655
August 22, 2018, 05:00:33 AM
#20
What do you think? Any significant difference?

no it makes no difference. because those coins are not going to move so being 600k or 1 million makes no difference. and even if they some day move the resulting panic will be the same as if we say Satoshi had 1 million bitcoin.

Why is BitMex interested in the holdings of satoshi, Well, this matter less the holdings of Satoshi. He's not been held from and no one can tell if the bitcoin will ever be move out.

everyone is interested in Satoshi. Bitmex only did some research and then made a post about it and now the news sites are free advertising their services by quoting that post Cheesy
newbie
Activity: 2
Merit: 0
August 22, 2018, 04:37:55 AM
#19
I agree on this matter but I have some bad news as well. According to the article published in the official Block Chain Loyalty website, it is said that many Blockchain loyalty Companies have been launched all around the world and unfortunately most of the agencies would fail. Please advice by going through the article found in https://www.blockchainloyalty.io/2018/08/07/why-most-blockchain-loyalty-companies-will-fail/
newbie
Activity: 52
Merit: 0
August 22, 2018, 04:34:43 AM
#18
Why is BitMex interested in the holdings of satoshi, Well, this matter less the holdings of Satoshi. He's not been held from and no one can tell if the bitcoin will ever be move out.
member
Activity: 476
Merit: 12
August 22, 2018, 03:07:47 AM
#17
I will like to see a concrete evidence of the wallet containing that amount of bitcoin you are talking about, else it is just a mere assumption because Satoshi Nakamoto I know is a fighter of financial inequality.
full member
Activity: 658
Merit: 100
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August 22, 2018, 02:58:44 AM
#16
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/
Who is the Satoshi Nakamoto? Are they an individual or a group of extraordinary people? This is an unanswered question. Does Satoshi Nakamoto own the most Bitcoins in the world and are those who still live in the moment?
member
Activity: 364
Merit: 10
August 22, 2018, 02:56:18 AM
#15
It's amazing that no one knows who Satoshi is, but they know how many Bitcoins he has. If this person exists, then I'm sure he will not throw his Bitcoins into the market to lower the price.
hero member
Activity: 2646
Merit: 686
August 22, 2018, 02:36:13 AM
#14
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/

There is no official proof that says he had 1 million or less amount of coins, he indeed has a huge coin base but the exact figure has never been known, it's always speculated by these people to create panic. It's pertinent to note that irrespective of the figure, Satoshi will never sell his coin he's the father of bitcoins so no need to ever worry about that. These coins will never come into circulation, but many people will try and create fud and panic in the minds of newbies who are not aware of this fact.
sr. member
Activity: 310
Merit: 727
---------> 1231006505
August 22, 2018, 02:24:07 AM
#13
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/

It's still a guessing game as the BitMEX article itself states:
Quote
...our analysis itself is weak and there is no perfect way of approaching this problem.

And later on in the article:
Quote
It is therefore impossible to do an accurate allocation. As a result, our analysis is far from perfect and we used a variety of methods, including statistical analysis, random number generators and even manual review to allocate some blocks.

So both Sergio's estimate as BitMEX's estimate are educated guesses. More certainty could only come when coins get spent..
newbie
Activity: 28
Merit: 0
August 22, 2018, 02:18:12 AM
#12
600k-700k is the same guess as 1million bitcoin was. it doesn't matter how much they try to "analyze" things, in the end they will be making a big guess with a large margin of error because nobody really knows how many people and who have been mining bitcoin in the early days.

and it wouldn't make any difference. that is still a lot of bitcoin, in reality it won't affect anything since they won't come into circulation and even if they do, Satoshi is not someone who would dump on the market but people have their own weird reasons for panic.

Very much agree with your point of view.
When I first heard about Satoshi ,I don't think this must be a person's name.
There are many possibilities, and I also believe that this truth should not be dug up.
copper member
Activity: 266
Merit: 2
Ako Bayot!
August 22, 2018, 02:08:40 AM
#11
So if Satoshi's now has 600-700K bitcoins still that is a huge number of bitcoin holding. The equivalency of that bitcoin to fiat money could buy a certain island here in the Philippines. Well Satoshi is already rich when he first develop or created cryptocurrency and in addition with his bitcoin holdings probably Satoshi could chill out in his whole life time.
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