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Topic: Satoshis stash is not as large as some think - page 2. (Read 1412 times)

legendary
Activity: 1904
Merit: 1073
I do not think it will be a train smash, if it were dumped.... because a lot of people would be reporting about that in the media and a lot of people will

try to get some of these cheap coins, until it is fully absorbed. It would be like getting a second chance at a Gold Rush. Every know and again, you

hear about a large gold deposit being found, and then the price on the commodity markets take a dive, but it always bounce back after a while. The

same will happen, if these coins are dumped... A large group of speculators will start selling and you will pick up a bunch of cheap coins.  Grin
newbie
Activity: 50
Merit: 0
https://i.imgur.com/ZNXx9g9.png

when looking at this analysis done a few years ago, some have presumed that all the tall slopes are satoshi..
or that satoshi was all the blue dots and only hal was the red dot.

but its not.

initial versions of bitcoin started at a base nonce('extranonce' if your going to be an anal knickpick) of 0 and incremented up..
even when solving a block they would continue increment the nonce until they restarted the client/computer. where the nonce began at 0 again.

some versions did eventually play around with the code and set it to reset after each block had been solved.
and some set it to reset after a certain number.
thats why you see that there is a difference between a bunch of people who's nonce never really goes above 250 some didnt go above 500.. and some went all the way up, and some were random

so most will say that satoshi must be all the long lines..
but then we get into the analysis of the angle of the slope.
where the angle reveals a different hash speed (cpu speed) so a slope at nearly 10degrees is a totally different and faster cpu compared to the one near 45 degree's

over the last few years many people have looked at angles, nonce resets and other factors and worked out in the first couple weeks of bitcoin (height 0-1000) there was 9 people or possibly 9 different systems mining bitcoin not just satoshi and not just satoshi and hal.. and even more miners by the time the blockheight got to 10,000

your free to use bitcointalks search to find the analysis.

I started mining around block 9000.

Maria.

I started mining april 1, 2013.

airaM.
newbie
Activity: 8
Merit: 0
https://i.imgur.com/ZNXx9g9.png

when looking at this analysis done a few years ago, some have presumed that all the tall slopes are satoshi..
or that satoshi was all the blue dots and only hal was the red dot.

but its not.

initial versions of bitcoin started at a base nonce('extranonce' if your going to be an anal knickpick) of 0 and incremented up..
even when solving a block they would continue increment the nonce until they restarted the client/computer. where the nonce began at 0 again.

some versions did eventually play around with the code and set it to reset after each block had been solved.
and some set it to reset after a certain number.
thats why you see that there is a difference between a bunch of people who's nonce never really goes above 250 some didnt go above 500.. and some went all the way up, and some were random

so most will say that satoshi must be all the long lines..
but then we get into the analysis of the angle of the slope.
where the angle reveals a different hash speed (cpu speed) so a slope at nearly 10degrees is a totally different and faster cpu compared to the one near 45 degree's

over the last few years many people have looked at angles, nonce resets and other factors and worked out in the first couple weeks of bitcoin (height 0-1000) there was 9 people or possibly 9 different systems mining bitcoin not just satoshi and not just satoshi and hal.. and even more miners by the time the blockheight got to 10,000

your free to use bitcointalks search to find the analysis.

I started mining around block 9000.

Maria.
legendary
Activity: 4214
Merit: 4458
even if he have only 100k, and by the look of those data he can not have less than that, since at 500k coins they were only in 9, and he was the first, so it's easy to assume that he own at least 100k

still that is a dangerous amount, if he decide to dump... but anyway i don't think he will ever dump his coins, if he truly believe in bitcoin, and he should because you know he is the one behind the idea of bitcoin...then he should wait until bitcoin is adopted and use it directly

dangerous?

mark kerpeles secret hoard of upto 600k-900k coins is more dangerous. and more chance of popping up one day.

but ultimately it wont kill bitcoin, it would just be a temporary bit of drama where the price tanks (temporarily).. blocks will still be mined people will still make transactions. yes there will be some losers. but on the flip side lots of winners, people will get the chance to buy some cheap coin. so its ultimately just price drama that doesnt hurt bitcoin as it ultimately doesnt hurt the 21m bitcoin cap..(think long term picture not the short term drama)


There are quite a few people who seem or claim to have over 100,000 coins. Some of those guys are far more mercenary than Satoshi would ever be. I don't understand why we never panic about them.

+1
legendary
Activity: 1288
Merit: 1087

still that is a dangerous amount, if he decide to dump... but anyway i don't think he will ever dump his coins, if he truly believe in bitcoin, and he should because you know he is the one behind the idea of bitcoin...then he should wait until bitcoin is adopted and use it directly

There are quite a few people who seem or claim to have over 100,000 coins. Some of those guys are far more mercenary than Satoshi would ever be. I don't understand why we never panic about them.
hero member
Activity: 2002
Merit: 721
it is fair enough to assume whomever does isn't going to dump them at a high point or they would have at 1000$.
Because everyone knew back then what everyone knows now: of course $1000 is and will forever be the all-time high and all the people who bought at that price or during the dump are dumbasses because hey, $1000 is the absolute top and it shall never be exceeded whatsoever  Roll Eyes.
legendary
Activity: 3206
Merit: 1069
even if he have only 100k, and by the look of those data he can not have less than that, since at 500k coins they were only in 9, and he was the first, so it's easy to assume that he own at least 100k

still that is a dangerous amount, if he decide to dump... but anyway i don't think he will ever dump his coins, if he truly believe in bitcoin, and he should because you know he is the one behind the idea of bitcoin...then he should wait until bitcoin is adopted and use it directly
legendary
Activity: 3388
Merit: 4615
Here's a link to the thread that franky1 is talking about:
https://bitcointalksearch.org/topic/chain-archaeology-answers-from-the-early-blockchain-507458

Take a look at the entire thread and the discussions about which bitcoins Satoshi is likely to own and why.  Then make your own decision as to which assumptions are probably right, and which aren't.  Add up the coins from the decisions you agree with and you can have your own personal estimate of how many bitcoins Satoshi is likely yo have control over.
legendary
Activity: 4214
Merit: 4458


when looking at this analysis done a few years ago, some have presumed that all the tall slopes are satoshi..
or that satoshi was all the blue dots and only hal was the red dot.

but its not.

initial versions of bitcoin started at a base nonce('extranonce' if your going to be an anal knickpick) of 0 and incremented up..
even when solving a block they would continue increment the nonce until they restarted the client/computer. where the nonce began at 0 again.

some versions did eventually play around with the code and set it to reset after each block had been solved.
and some set it to reset after a certain number.
thats why you see that there is a difference between a bunch of people who's nonce never really goes above 250 some didnt go above 500.. and some went all the way up, and some were random

so most will say that satoshi must be all the long lines..
but then we get into the analysis of the angle of the slope.
where the angle reveals a different hash speed (cpu speed) so a slope at nearly 10degrees is a totally different and faster cpu compared to the one near 45 degree's

over the last few years many people have looked at angles, nonce resets and other factors and worked out in the first couple weeks of bitcoin (height 0-1000) there was 9 people or possibly 9 different systems mining bitcoin not just satoshi and not just satoshi and hal.. and even more miners by the time the blockheight got to 10,000

your free to use bitcointalks search to find the analysis.
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