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Topic: Satoshi's now has 600- 700k bitcoins? - page 4. (Read 1171 times)

copper member
Activity: 152
Merit: 0
August 22, 2018, 02:07:23 AM
#10
We don't even know is Satoshi Nakamoto alive. Maybe he has 600k or 700k bitcoins, but no one knows about it.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
August 22, 2018, 01:41:07 AM
#9
We don't even know is Satoshi Nakamoto alive.How the hell did this Bitmex research found out that Satoshi's coins are 600-700K and not 1M?Anyway,I believe that it's kinda unfair that the creator of bitcoin has so many btc.Perhaps it was better for him to destroy or give away those bitcoins.

no, absolutely nothing about it is unfair. whether Satoshi owns 1BTC or 1 millionBTC it doesn't make a difference, those coins were not premined, they are not ICO, they are not shadow mined or anything like that. every single coin was mined and every single block could have been mined by anyone else who wanted to mine bitcoin at the same time as Satoshi. that is the fairest way of distribution. you could have started your computer back in 2009 and use you CPU to find a bock and get 50BTC, the fact that you didn't choose to do that means Satoshi mined those blocks and got the reward.

ps. it is funny how the article uses the word "loss" when talking about the 300k difference, as if it were something that was owned and is no longer in his pocket Cheesy
jr. member
Activity: 336
Merit: 5
Most Advanced Crypto Exchange on the Blockchain
August 22, 2018, 01:40:44 AM
#8
There is the genesis block that he created so it can be assumed that the associated wallets belong to him. If any have moved to other wallets during his time them those will be his test wallets. From there it is a guess to determine which ones belong to him
jr. member
Activity: 32
Merit: 1
August 22, 2018, 01:36:39 AM
#7
Who knows that Satoshi has that much bitcoin? What is the proof?
legendary
Activity: 2702
Merit: 4002
August 22, 2018, 01:33:29 AM
#6
I do not know how these numbers verified, but these coins mined by Satoshi's account and not by Satoshi himself.
He may have another account and unknown addresses. There are also lots of coins that have been mined by unknown people.

By using Bitcoin, you trust Satoshi, so it is not unlikely that Satoshi used those coins to eliminate Bitcoin.

Satoshi may have been arrested by the FBI and Swords. These coins are used to control Bitcoin Tongue Tongue
hero member
Activity: 3164
Merit: 937
August 22, 2018, 01:17:31 AM
#5
We don't even know is Satoshi Nakamoto alive.How the hell did this Bitmex research found out that Satoshi's coins are 600-700K and not 1M?Anyway,I believe that it's kinda unfair that the creator of bitcoin has so many btc.Perhaps it was better for him to destroy or give away those bitcoins.
newbie
Activity: 150
Merit: 0
August 21, 2018, 10:59:48 PM
#4
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
legendary
Activity: 3472
Merit: 10611
August 21, 2018, 09:57:12 PM
#3
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.
sr. member
Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
August 21, 2018, 09:47:17 PM
#2
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.
newbie
Activity: 126
Merit: 0
August 21, 2018, 07:15:00 PM
#1
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/
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