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Topic: Will Satoshi Nakamoto be world's first trillionaire ? - page 12. (Read 17139 times)

legendary
Activity: 4410
Merit: 4788
firstly satoshi does not own 1mill coins. sorry but just no..

between 2009-2011 5 mill coins were produced. and trust me there were more then 5 people mining.. do the maths

secondly lets say satoshi had 500k coins instead (again exaggerated but lets roll with it) would require each coin to be worth $2m each.. or if we use the FUD amount of a 1million coin hoard, it would be $1mill a coin for him to be a trillionaire..

so i dont think so..

i do love it when pople dont think before they make topics like this.. its soo easy to rebuttle the solution and move on with our lives



Actually you're right, its more like 900,000.

nope its not.

the FUD about how many coins he got is based on people adding together all the different addresses of the coins from january 2009 forward for a few months.. but im sad to say that satoshi, hal finney, and a few other notable names all were mining at the same time. it was not just satoshi by himself.
by christmas 2009 theres were DOZENS of people mining, not just 5, i only used 5 in last post as a random number, but there were alot more.. so they were all sharing the rewards out, meaning its impossible for satoshi to have anywhere close to 900k - 1mil coins. sorry but that bubble of fud had to burst

so lets just break down 2 years of mining. (5.25mill coins.)
1year=2.625

so lets say there were 10 people mining bitcoin version 0.1 for the first month-to a year
satoshi gets 262,500 coins
lets say by december 2010 there were 3000+ people (oh look theres a user registration number to prove the number of users went that high at the time https://bitcointalksearch.org/user/chariottrading-3027)
so knowing there was 2.6 mill coins generated in that year and upto 3k users in the bitcoin ecosystem.. equates to less then 1000 coins

obviously 2010-2011 more users and the year satoshi vanishes. again less than 1000 coins.,

bringing the more realisti total to be under 300k..

but lets pretend that for 3 years (2009-2011) there were only 10 people.. yea lets play that exaggeration game even though the link proves there were thousands of users as of 2011..

but 10 people would only equal 787500 coins he would have over the 3 years.. not 900k, not 1 million.. but like i said that me exaggerating the low populations.. where as the reality puts satoshi to hoard AT MOST 300k coins..


member
Activity: 72
Merit: 10
AFAIK There are already trillionaire's but doesn't want to show off because IRS will be chasing them.

legendary
Activity: 1310
Merit: 1000
firstly satoshi does not own 1mill coins. sorry but just no..

between 2009-2011 5 mill coins were produced. and trust me there were more then 5 people mining.. do the maths

secondly lets say satoshi had 500k coins instead (again exaggerated but lets roll with it) would require each coin to be worth $2m each.. or if we use the FUD amount of a 1million coin hoard, it would be $1mill a coin for him to be a trillionaire..

so i dont think so..

i do love it when pople dont think before they make topics like this.. its soo easy to rebuttle the solution and move on with our lives



Actually you're right, its more like 900,000.
newbie
Activity: 28
Merit: 0
Actually I've read that the first trillion dollar company may be a bitcoin related company

Satoshi is like the mist, vapor, intelligence reports say the name is FAKE

So if he does have 1M coins 1K btc makes he only a billionaire

$100K btc could have to occur to make him a trillionaire IF he really owns 1M bitcoin

Now if 1M btc occurs he would be the first 10 digit trillionaire IF he really owns 1M bitcoin

Apple is or is one of the top valued companies in the world, only 600Bil in cap value.

Now a company that acquires a large percentage of btc or develops must use tech for btc or a legit btc exchange or bank, may become a trillion buck asset in the article I read.

I'm sure the NSA knows who he is and from what I've heard they think he's a composite of multiple people.

Through reading the core code.

So the original 'people' creating satoshi all had their original ip's traced down from years ago and the spooks know who the movers are

That's my OPinion

Now you can all say Satoshi is real, he exists etc.

Maybe one person wrote the white paper on bitcoin, but the core had several personalities on it from what I've heard.

So let's say it was 4 people, 250K of the 1M stash each then

But if one person, ok they say 'he' or it may be a she or whatever, owns 1M btc

If he or she steps out into the light, and says here's my public keys then that's how you know what the person owns IMO

Now if you all have some old post here showing how he acquired 1M btc so fast, fine, if no miners maybe he did, at what point did mining become hard enough not to produce many coins.

So a graph showing when coins were minted can be used to figure out # of miners and then it may be possible to figure out what miners got the easy early btc







legendary
Activity: 4410
Merit: 4788
firstly satoshi does not own 1mill coins. sorry but just no..

between 2009-2011 5 mill coins were produced. and trust me there were more then 5 people mining.. do the maths

secondly lets say satoshi had 500k coins instead (again exaggerated but lets roll with it) would require each coin to be worth $2m each.. or if we use the FUD amount of a 1million coin hoard, it would be $1mill a coin for him to be a trillionaire..

so i dont think so..

i do love it when pople dont think before they make topics like this.. its soo easy to rebuttle the solution and move on with our lives

full member
Activity: 219
Merit: 100
Bitcoin Mining Hosting
depends , do you think there might not be a couple controlling parties with so much time to put together so many trusts, corps, and businesses over decades or generations to be worth over that ?

By not being able to enumerate them all, we'd never know
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
There probably already is a trillionaire in the House of Saud. If not, then the next war will make one.
full member
Activity: 165
Merit: 102
It has been discussed in the article Bitcoin Trillionaire.

What is your opinion ?

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