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Topic: Will Satoshi Nakamoto be world's first trillionaire ? - page 3. (Read 17110 times)

hero member
Activity: 826
Merit: 1000
should he be rich No. 1 in the world, because he creates and sells bitcoin Smiley

Agree with this Cheesy

That Satoshi Nakamoto
The Boss of Bitcoin
Cool
legendary
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
If you use bitcoin to judge his wealth, then he can be, but if you judge with US dollar, he never ever can be a trillionare
sr. member
Activity: 462
Merit: 250

He might be in future if the prices goes according to

I have a statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---


hero member
Activity: 532
Merit: 500
should he be rich No. 1 in the world, because he creates and sells bitcoin Smiley
legendary
Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
We don't know how many btc bitcoin has, its all speculation.
yep
we may only guess how many bitcoin he had
hero member
Activity: 616
Merit: 500
1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr
Well someone got to be first.
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
There is no way he can sell all that btc without crashing the price to a dollar.

I doubt he will sell it. If he wanted to, then he would have. But seems no movement happening.
hero member
Activity: 560
Merit: 500
★777Coin.com★ Fun BTC Casino!
Satoshi is either dead, lost his bitocin, or doesn't care about the crypto anymore .. either way, he's out of the picture
legendary
Activity: 868
Merit: 1004
We don't know how many btc bitcoin has, its all speculation.
legendary
Activity: 1358
Merit: 1014
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


Bitcoin needs to be 1 million per coin eventually, otherwise i'll kill myself and so the world ends.
hero member
Activity: 568
Merit: 500
Smoke weed everyday!
In short no he will not be, because there are already a few trillionaires, rothschild to name 1 i doubt they hae the est 500 trillion but they sure have trillions.

Bitcoin has been dropping ever since the bubble and unfortunately it is going to continue  Sad

Think the only reason it ever got to fairy good money was because of gox nothing else, we ladys and gentleman are on a sinking ship.





This is where you shoot the messenger  Smiley  
full member
Activity: 173
Merit: 100
There is no way he can sell all that btc without crashing the price to a dollar.
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
--snip
Btcregistry.com is in my sig if you want to check more historical blockchain data. 

That is a great webpage, good job, if you are the creator!
sr. member
Activity: 266
Merit: 250
so how easy he makes bitcoin then sell them in large quantities  Huh Huh
sr. member
Activity: 406
Merit: 250
there certainly are some arguments as to the benefit of having an "enlightened dictator" ... really what else could you do if you owned all of the resources of earth other than help people ? ... oh wait .. you could commit genocide on billions so you could convert euroasia into a panda and rhino hunting preserve ...
sr. member
Activity: 354
Merit: 250
I think the real question is ... do we the people of earth actually want a or any trillionaires to exist ? ... at what point is enough enough ? ... when you have 10 dollars per every person on earth ? ... when you have 100 per every person on earth ? ... 1000? ... will the world actually be a better place if one person claims the title of "money god" ? ... never to be surpassed ever until a solar flare ends electrical society ? ... why not 1 person owns all the resources on earth and everyone else owns nothing and are permanent slaves ? ... is the natural end result of capitalism true hell for all people on earth aside from 1 person / family ? ...

Why not? As long as they did positive things with it what would be the bad thing about it? I'd like to see what satoshi would actually do if he became a trillionaire. Owning that sort of money could make him come out of hiding (or even actually stay hidden). He could change the world with that sort of money and maybe he may feel obliged to actually use it for good in some way.
legendary
Activity: 1662
Merit: 1050
I think the real question is ... do we the people of earth actually want a or any trillionaires to exist ? ... at what point is enough enough ? ... when you have 10 dollars per every person on earth ? ... when you have 100 per every person on earth ? ... 1000? ... will the world actually be a better place if one person claims the title of "money god" ? ... never to be surpassed ever until a solar flare ends electrical society ? ... why not 1 person owns all the resources on earth and everyone else owns nothing and are permanent slaves ? ... is the natural end result of capitalism true hell for all people on earth aside from 1 person / family ? ...

Unfortunately, this is how our world works. You might like to see this - https://www.youtube.com/watch?v=uWSxzjyMNpU
sr. member
Activity: 406
Merit: 250
I think the real question is ... do we the people of earth actually want a or any trillionaires to exist ? ... at what point is enough enough ? ... when you have 10 dollars per every person on earth ? ... when you have 100 per every person on earth ? ... 1000? ... will the world actually be a better place if one person claims the title of "money god" ? ... never to be surpassed ever until a solar flare ends electrical society ? ... why not 1 person owns all the resources on earth and everyone else owns nothing and are permanent slaves ? ... is the natural end result of capitalism true hell for all people on earth aside from 1 person / family ? ...
legendary
Activity: 2198
Merit: 1049
so if Satoshi has 1.6 million coins, he would need the value of said coins to be around 30,000 dollars I believe?  Not going to happen.

Your math is broken...

1.6*10^6 * 30*10^3 = 48*10^9

A trillion is 1*10^12.

The value of each of the 1.6 million coins you mention should be:

1*10^12 / 1.6*10^6 = 625000

Each coin needs to be valued $625000 if he should be a trillionaire in terms of dollars.
 



Where do we have the data that Satoshi owns 1.6 million coins ? According to https://bitcointalksearch.org/topic/bitcoin-top-500-richest-321265, he owns 980,000 and it is very unlikely that he mined more with an ASIC after this stash.
legendary
Activity: 3024
Merit: 1640
lose: unfind ... loose: untight
... the last Napoleonic war.

I hate to make righteous Rothschild indignation more diffuse, and I can't claim to be a historical scholar, but wouldn't the Napoleonic wars start and end with Napoleon? Is any finer parsing necessary for making the point about wars and central banking?
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