Bitcoin Forum

I don't know. What's the best estimate for Satoshi's bitcoin holdings? I'm sure no one can know for sure but is there a reasonable guess assuming he didn't sell of already?

And current Net Worth of Bill Gates?

Get your calculators clicking...

10,000 / BTC?

(btw I know this is silly but it's just for fun)

I'd guess that Satoshi has 10,000 - 50,000 BTC. He once said that he has plenty of BTC, but he didn't seem to be mining much.

I'd be surprised if he has less than 50k. I mean there must have been a whole year there with less than 50 miners. If he even kept 1/50th of a years worth and no others that's 50k.

For those who don't realize, difficulty was 1. When I came along it was jumping from 45 to 210 and it stayed reasonable to solo mine on a CPU for a while after than. Bitcoin had already been chugging along for about 18 months at that point.

For some reason I thought it was more like 2,000,000. Don't know where that idea came from but was in the back of my mind for some reason.

That's almost a whole year of coins. If he never mined hardcore, which I really doubt he did, and if even a few people mined as much as him in the first year it's got to be at most 1/5th of that.

Bill Gates, at $61 Billion net worth, or about 4.7 billion bitcoins.
 - http://www.therichest.org/technology/william-gates-net-worth/


Or put another way, if Satoshi has, say 500K BTC, the BTC/USD would need to rise to $9,400 each before Satoshi is wealthier than Bill Gates.

At the current trajectory, that is in about 8 years.   ;D

What's with that cluster of ~50k BTC addresses all marked "31337" sitting around more or less quietly?

If they all belonged to the same entity that would amount to some ~250k.

EDIT: actually way more than that now that I checked the latest stats.

iirc that was a fun  way of the bitcoinica hackers to infect a shitload of adresses with their taint coint.

that last part of the sentence sounds like a filthy accent.

There was a story a few days ago where someone had checked and 2 million worth of newly mined Bitcoins have never been spent. This does not necessarily mean they are all owned by Satoshi. And I doubt that Satoshi is even a real person.

Satoshi might actually have less than many others. Remember how he urged the community to a gentlemen agreement of people not going into an arms race with GPU mining too fast? His focus was mostly on making the code work.

He most definitely had his CPU mining for quite a while though.

I think that was just because he wanted as many normal people to be able to mine as long as possible.

Also seems a selfish thing for a CPU miner to ask, i kid, i kid, I'm in the satoshi cult.

It is possible he only kept a very modest amount of coins for himself. knowing about their relative value and not wanting to spoil the child.

however, it would also be reassuring to know satoshi had the biggest bag full of fairy dust. if he really had a million coins, at least then we'd know who's daddy.

For you maybe. For others it would just confirm their views that it was a scam all along.

Indeed. It is so unfair that the inventor of a brilliant technological innovation might actually make money from his efforts. </sarcasm>

It's more of a scam if it turns out everything will be the same as ever before: good old government holding the biggest assets regulating global markets. *yawn*

Shh...

Some people around here like to cling onto the belief that Satoshi is some living breathing person who swept in, created Bitcoin, then ascended into the ether.

They probably also believe in the great spaghetti monster and Santa Claus.

 ::)

If Satoshi had STARTED with ALL the coins it still wouldn't be as bad as government. They get endless multiples of all of it at will. It's not just a rigged start with them, the rules are rigged by them too.

But anyway, anything Satoshi has he got by playing by the same rules as all of us.