Bitcoin Forum

Economy => Economics => Topic started by: satongshi on March 29, 2017, 11:49:07 AM



Title: Satoshi Nakamoto should be richer than Bill Gates.
Post by: satongshi on March 29, 2017, 11:49:07 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: ArdiPrabowo on March 29, 2017, 12:01:26 PM
satoshi nakatomo still unknown
and until now bill gates still richer in the world, i think if satoshi nakotomo richer  can publish , because in this country satoshi nakamoto still pay TAX


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: mocacinno on March 29, 2017, 12:04:41 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 million US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Where did you get your statistics?
businessinsider estimated the BTC helt by satoshi to be over $700 million back when the BTC price was $700 (now we're around $900)
http://uk.businessinsider.com/satoshi-nakamoto-owns-one-million-bitcoin-700-price-2016-6

About your question why he didn't generate x coins for himself: he could have done a hefty premine, but since btc is open source, everybody would have been able to see the premine right there in his sourcecode...


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: algaidaman on March 29, 2017, 12:05:31 PM
Eventually, and if Satoshi Nakamoto is an individual, he could potentially be richer than very many people.

But an important thing in the way bitcoin fundamentally works is that the number of coins that can be generated is limited.

https://bitcoin.org/en/how-it-works


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: audaciousbeing on March 29, 2017, 12:10:50 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 million US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

So far Satoshi is still unknown, then there is no way to really determine whether he is richer and even be able to value his wealth. There are even drug lords that might even be richer to some of the rich men we have around but because they are not known we then no have a way to value their wealth. But I hope Satoshi will come out and declare his wealth of that amount and release what he has, then the price of bitcoin is going back way down due to the forces of demand and supply.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: bitbunnny on March 29, 2017, 12:11:59 PM
Well, we don't know that. Maybe Satoshi has more money then Bill Gates but since he doesn't want to reveal his identity and other facts we can't know that. Even if he's not the richest man on Earth I beleive that he owes very big fortune that he enjoys somwhere in the anonimity and that is good for him.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: signature200 on March 29, 2017, 12:14:56 PM
Eventually, and if Satoshi Nakamoto is an individual, he could potentially be richer than very many people.

But an important thing in the way bitcoin fundamentally works is that the number of coins that can be generated is limited.

https://bitcoin.org/en/how-it-works
I still do not understand how come the coins and why their number is limited. Communicating between computers provide the transaction, but that transaction need to make coins? Where they are taken?


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: satongshi on March 29, 2017, 12:23:38 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 million US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Where did you get your statistics?
businessinsider estimated the BTC helt by satoshi to be over $700 million back when the BTC price was $700 (now we're around $900)
http://uk.businessinsider.com/satoshi-nakamoto-owns-one-million-bitcoin-700-price-2016-6

About your question why he didn't generate x coins for himself: he could have done a hefty premine, but since btc is open source, everybody would have been able to see the premine right there in his sourcecode...


It should be $1 billion. My bad


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: alani123 on March 29, 2017, 12:24:30 PM
If that were to become the case, actual money would have lost it's value against cryprocurrency and Bitcoin wouldn't be that much of amedium of exchange between popular currency any longer. Bitcoin would certainly be different from now but it's uncertain if there's be an economy around it.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: carlfebz2 on March 29, 2017, 12:40:05 PM
Its possible since bitcoin price does still continue to rise and others said that satoshi holds up 1M bitcoin which means he have $1B as of now on the current price of bitcoin and what if it would go 10k or 100k or so on? Possibilities would be there that he might be even richer than bill gates but for now no one still knows about on where satoshi is.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Bjorn Ironside on March 29, 2017, 12:52:57 PM
Hope one day he will be richer, his invention of Bitcoin will have the impact no less then invention of Windows


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: tiggytomb on March 29, 2017, 12:55:34 PM
Satoshi could even be Bill Gates for all we know as his identity is unknown, or Satoshi could be a test of some next level AI imagine that.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: doaremon on March 29, 2017, 01:41:00 PM
Satoshi nakamoto is still anonymous and we even don't know of its a single person or a group or community. The amount of bitcoin that can be generated is limited so he can't make as many as he wants. If he do this the price will not be same as now. Everyone in this world don't want publicity or fame. Maybe he is more rich than bill gates living the most luxurious life we don't even know.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: nara1892 on March 29, 2017, 01:44:36 PM
Well, we don't know that. Maybe Satoshi has more money then Bill Gates but since he doesn't want to reveal his identity and other facts we can't know that. Even if he's not the richest man on Earth I beleive that he owes very big fortune that he enjoys somwhere in the anonimity and that is good for him.
it makes sense. we know nothing, so we find it difficult to determine who between them is richer. however, I think satoshi wants to share bitcoin to other people around the qorld, so he doesn't convert his coins to fiat, or probably he has another plan.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: ImHash on March 29, 2017, 02:11:05 PM
First understand the basics and concept of bitcoin, then learn one thing or two about cryptography or simply google it for the sake of our bellies not to explode from laughter :D and don't worry soon enough they'll change the system and either force Satoshi to move his coins to a new address version or risks them to be stolen if he was alive at all. and how would you know if he really has 1M and not a few more millions? couldn't he keep mining and even build ASIC farm to continue mining even until now? I'd say he has at least 4M up to 8M bitcoins.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: genny2kuk on March 30, 2017, 01:23:31 PM
If bitcoin gets to the price of $100k for 1btc then Satoshi would be holding about $100bn worth of bitcoin, if and only if he has up to 1 million btc with him


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: BlockEye on March 30, 2017, 01:35:53 PM
If bitcoin gets to the price of $100k for 1btc then Satoshi would be holding about $100bn worth of bitcoin, if and only if he has up to 1 million btc with him

His only probles is what exchange will he used to convert btc to fiat. I think if that happened, A great dump will occur and BTC will start to fall. And it is impossible also to convert that amountto fiat because if you transfer that huge amount of money to your bank account, You will be easily caught by the government and they will file you a case for tax evasion.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: DoublerHunter on March 30, 2017, 02:10:50 PM
Satoshi nakamoto will be richer than bill gates if the price of bitcoin will reach at least $100,000 and then if he sells all his bitcoin and then he will be richer than bill gates, Based on my estimation. But to be honest, it is impossible to get richer than bill gates because bill gates earn money every second without doing nothing and that is the key why he is so far from other rich people.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: VanDeinsberg12 on March 30, 2017, 02:17:58 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
I've heard satoshi hold around 1k btc in his wallet. But satoshi has doing a lot of the research before try to do anything. Looks like bill gates will always be the rich person rather than satoshi nakamoto.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Qartada on March 31, 2017, 11:45:36 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
The price of Bitcoin wouldn't stay the same if Satoshi created loads of Bitcoin, and he doesn't have the power to do that anyway - no one really does.  Satoshi is pretty damn rich, most likely a billionaire right now, and obviously his wealth will only be based on the value of Bitcoin.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Xester on March 31, 2017, 11:58:20 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Bill gates is very rich and if we compute his wealth it is considered as a fix asset while Nakamotos bitcoins virtual assets is not fixed. Satoshi Nakamoto cannot do that thing since he already made his design in bitcoin in which everything will be mined. I believe he already holds a huge amount of bitcoin in his wallet. But even if he has a a huge amount of bitcoins he cannot catch up to Nakamoto since if he sells a huge amount of bitcoin the value of bitcoins will deflate.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: darthmaul on March 31, 2017, 12:28:40 PM
Generation of bitcoin doesn't mean you will get very rich. Bitcoin is virtual thing and it is solely based on market status. If you create lots of BTC then you will end up with "steady state", meaning everyone will have bigger nodes and what if they do not release the node? It will result in decrease in price of bitcoin as it is maintaining sink conditions on price graph. Though nakomoto makes it, but it has to be released and circulated in proper manner and of course blocks. Predictions of such thought are really chaotic.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Kevin77 on March 31, 2017, 12:36:48 PM
Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
Could you please elobrate what you're talking exactly. Did you mean Satoshi to have more number of bitcoins for himself and then selling them for real cash to become rich man ? If it is so, I'm sorry I come to a conclusion that you do not know how bitcoin ecosystem is working.

I'm sure one day or other, Mr. Satoshi will become richest man of this world when bitcoin values will be hitting more than million dollars. I believe this is the only way for Mr. Satoshi to become richer than Bill Gates.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: bamboylee on March 31, 2017, 12:57:22 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?


Your thoughts will destroy bitcoin and its foundation. What makes bitcoin a good store of value is that it have a limit in a total of bitcoins that can be generated. And I think Satoshi does not need that distinction, richest man on earth. He is still anonymous up to this date even though his invention is already making its way to the moon.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: bitcoin31 on March 31, 2017, 01:09:00 PM
I dont think Satohi Nakamoto is richer than Bill gates. Unless the price of bitcoin is very big like $50,000-$200,000 per bitcoin and if he sell all their bitcoin with that price it will be number 1 rich man in world . Bill gates have many online business and offline business so his income is continously increasing and this man will become richer and richer every single day. I dont know what is the estimate money of bill gates but I think it is billion of dollars.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: btckatesings on March 31, 2017, 01:10:07 PM
Is only, tax problems are very serious


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: eternalgloom on March 31, 2017, 02:08:02 PM
If you look at the total number of Bitcoin user versus the total number of people who use or have used Microsoft products, then you would know why it's a silly idea to think that Satoshi should be richer than Bill Gates.
Then add the fact that Bitcoin is open source and Satoshi has completely disappeared, it's obvious why the comparison doesn't even make sense.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: manselr on March 31, 2017, 02:24:06 PM
It's obvious that satoshi nakamoto should have more wealth than bill gates. What the hell has bill gates done for humanity other than steal the ideas of xerox and pretty much monopolize a market with it? ridiculous.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: gredisgold88 on March 31, 2017, 02:29:04 PM
I believe that bill gates is the richest with the formalities and rules of the state, but when talking nakamato satoshi, perhaps he is also the richest man in anounymous, most likely also nakamato satoshi is merely a fictional character from bitcoin ownership. still can not be accounted for in the world cryptocurency gray grounded in law.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: BrewMaster on March 31, 2017, 02:53:59 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

your first mistake is calling Satoshi as "owner" of bitcoin. nobody owns bitcoin, it is an open source technology that doesn't belong to anyone.

your second mistake is comparing bitcoin (a currency and a revolutionary technology) with Microsoft (a financial place made to make money). the first is a free technology made to improve our lives and be used as a decentralized currency not to make anybody rich. but the second is build to make the owner money.

i suggest reading the bitcoin paper on bitcoin.org to you.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: izanagi narukami on March 31, 2017, 03:28:20 PM
Bitcoin is unique so I'm sure someone who created bitcoin must have their own reason to hide their identity.
Since bitcoin unique, it's impossible to happen that bitcoin creator will richer than Gate's especially when bitcoin keep reach another halving for next period


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: webtricks on March 31, 2017, 03:54:49 PM
Bitcoin is unique so I'm sure someone who created bitcoin must have their own reason to hide their identity.
Since bitcoin unique, it's impossible to happen that bitcoin creator will richer than Gate's especially when bitcoin keep reach another halving for next period

Yes, there is nothing hidden in Bitcoin, its an open source currency, anyone can have access to mining, sending/receiving. Moreover, there is limited supply to 21 millions. So it can't some how happen that Nakamato someday emerge and show his lots of Bitcoins and become ultra rich. Bitcoins have already move from centralized phase to decentralized.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Arcteryx on March 31, 2017, 04:42:45 PM
If he is in fact a real person or just a group of people that use his name.
Like Negan from TWD.
I am negan!
So I am BTC! ;D

Not BTU!  ::)


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: sportis on March 31, 2017, 04:55:20 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?


Why people all of these centuries they had given value to precious metals (silver, gold, platinum) and they continue to do the same till now? If gold and the rest precious metals were something that there is in abundance and everywhere then all of these can not have any value, it would be like the inflationary fiat money. That should be rare but not too rare! The same is with bitcoin. It is a digital scarce coin. If anybody could create any amount he wants then the price of bitcoin could be absolutely zero. 


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Hazir on March 31, 2017, 05:14:55 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
If Satoshi (or whoever who somehow get access to his coins) would ever move any of his known coins there would be market panic.
Bitcoin's price would immediately crash to unknown levels - furthermore it would be very hard for him to sell his coins without risking that his identity will be exposed.

Infinite amount of bitcoin = near zero value.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: BillyBobZorton on March 31, 2017, 05:44:54 PM
Satoshi Nakamoto (if he is a single person and not a group) will be the wealthiest man alive and the first trillionaire man alive (assuming he is still alive if he is a person and not a group).

Bitcoin cannot be stopped, network effect too big, it crashes and always comes back, too many people wants to get in cheap.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: pixie85 on March 31, 2017, 05:59:35 PM
He could be richer than Bill, but his wealth would be in large part virtual, just like Bill's. Gates can be the wealthiest man, but most of his wealth are corporate shares and project investments. This isn't money you can cash out just like that and buy yourself an island or a town. Most of his money is frozen, not like he needed that much in hand, but it is what it is, a virtual wealth.
It's the same with Satoshi, he can't move the coins without risking exposure and selling that much would take years if one didn't want to crash the market.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Paashaas on March 31, 2017, 06:22:03 PM
Bill Gate's wealth is pocket change, can Satoshi be richer than the Rothschilds? If Bitcoin takes off his bag must one of the biggest honeypots in human history.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Okurkabinladin on March 31, 2017, 06:51:46 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Because FINITE number of coins is hard coded into the network. Since bitcoin value is inherently linked to trust of its users ie. their fiat investment in it, any agreement on infinite inflation (which is what you just proposed) would lead to price collapse.

By the way, I think, that bitcoin is not as omnipresent around the world as are the products of Microsoft.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on March 31, 2017, 07:03:03 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

That's a glaring example of misconception that money itself represents wealth

Even if he mined infinite amount of bitcoins (like many other altcoin developers did), the price per bitcoin wouldn't be over 1,000 dollars. I guess it wouldn't even be above just 1 dollar per coin. I don't know whether Bill Gates is really the richest man in the world right now (since there are other contenders like Warren Buffett), but even if he is that doesn't mean that he 80 billion dollars packed in some bank or safe. Roughly speaking, this how much wealth he has in dollar terms, but that doesn't mean that he has 80B dollars stacked under the mattress (figuratively speaking)


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: ASHLIUSZ on March 31, 2017, 07:24:12 PM
As his entire wealth is virtually available it won't be considered with respect to the decentralized nature of the money. Bill Gates has a different phenomenal earning which is just part of innovation​that took the entire system of the world get changed. If the same happens with bitcoin changing the entire world with the technology soon Satoshi might take the position of Bill Gates.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Rinder on March 31, 2017, 09:50:37 PM
If were soo easy as you think Nakamoto would had already created more bitcoins, the code hasnt been build to create more coins, its 21 milion supply, and the process is already set to have halvings. And as already others said even if Nakamoto sell is coins at 1000 dollars, he will get only 1 bilion, soo tax will get a huge part of those coins, if doesnt frozen those ammount saying its from dark marketplace business.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Yakamoto on March 31, 2017, 09:55:32 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
Hmm, let's think about why Satoshi can't generate as many coins as he wants and attempts to sell them for whatever amount he wants to...

Maybe it has something to do with the laws of supply and demand, and the fact that a lot of Bitcoin' value comes from it being a deflationary currency?

You don't even know how much he owns, I don't know what in the world this thread is supposed to be. Most people understand this at this point.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: machinek20 on March 31, 2017, 11:43:51 PM
Satoshi cant do that, if he made the bitcoin unlimited then it will makes the price drop down and up until now we still dont know who is satoshi and how many coin did he saved, so i doubt satoshi is richer than bill gates


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Yuuto on April 01, 2017, 12:03:56 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Nope, that is not possible.

The beauty of bitcoin is that the production of coins is completely decentralised, and that means that Satoshi or anyone else can't just wake up one day and be like hmmm i feel like generating coins today, lets go to the coins generator and get a few billion coins.

In fact, this is exactly what governments do to hold a tight grip over the economy.

And there is no way right now that satoshi is richer than Bill Gates, because the market cap is only $17 billion in total. Even if he had all the bitcoins in circulation he won't have enough to exceed Gates' 70 billion net worth.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: HarringtonStark on April 01, 2017, 01:04:56 AM
Satoshi could even be Bill Gates for all we know as his identity is unknown, or Satoshi could be a test of some next level AI imagine that.


It could be possible who knows it's just Bill tinkering with his programming skills . This is interesting


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: centralbanksequalsbombs on April 01, 2017, 02:20:53 AM
Satoshi could even be Bill Gates for all we know as his identity is unknown, or Satoshi could be a test of some next level AI imagine that.


It could be possible who knows it's just Bill tinkering with his programming skills . This is interesting

No, Satoshi died in 2013 2014. I covered it in my big hacks, puppets post. Generous genius who never offloaded all those big initial chunks of bitcoin...and no one ever will. Which is all good for the bitcoin network and for all bitcoin holders.

[edited for getting the year wrong. oops.]


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: X-ray on April 01, 2017, 04:36:09 AM
Satoshi cant do that, if he made the bitcoin unlimited then it will makes the price drop down and up until now we still dont know who is satoshi and how many coin did he saved, so i doubt satoshi is richer than bill gates
Did you think if satoshi nakamoto is the maker of bitcoin unlimited idea? Satoshi is not a greedy person and he was having enough btc in his wallet. i mean around 1k btc in his wallet. I've ever heard someone else said about that.   ::)


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: boyptc on April 01, 2017, 04:58:02 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

I don't think so, Bill Gates will remain as the richest man on Earth and I don't think Satoshi is able to surpass him. Sats maybe holding 1 million supply of bitcoin but still that isn't enough compare to the total net worth, assets and everything that Bill Gates now. And Satoshi is definitely a rich guy already and just enjoying the world around us.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: CraigWrightBTC on April 01, 2017, 05:04:46 AM
Of course yes Satoshi Nakamoto should be richer than bill gates, if Satoshi Nakamoto hold about BTC1.000.000
but we don't is Satoshi Nakamoto still has baru bitcoin or not on the wallet, because there are not people who
know about Satoshi Nakamoto and who is it. It is still anonymous.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: pitham1 on April 01, 2017, 05:23:58 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

There is enough debt in the equity markets for Bill Gates to sell his stake.
Satoshi might have a million bitcoins, but just imagine what will happen if he tries to sell his coins. Bitcoin's price will crash in a matter of minutes.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Hydrogen on April 01, 2017, 06:18:55 AM
Bill Gates #1 net worth comes from him owning a majority stake in microsoft stock.

Jeff Bezos #2 his net worth is tied up in amazon stock, he is also CEO of amazon.

Warren Buffett #3 has his net worth tied up in a hedge fund.

Satoshi could have more cash on hand than any of the top 3, as most of their cash is tied up in stocks or investments.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 01, 2017, 07:26:50 AM
Bill Gates #1 net worth comes from him owning a majority stake in microsoft stock.

Jeff Bezos #2 his net worth is tied up in amazon stock, he is also CEO of amazon.

Warren Buffett #3 has his net worth tied up in a hedge fund.

Satoshi could have more cash on hand than any of the top 3, as most of their cash is tied up in stocks or investments

If wishes were horses, beggars might ride

As to me, this is a meaningless assumption. To get cash, he would have to sell his 1M bitcoins, right? But do you know how much cash he would get as a result of selling off his stash, i.e. what would be the average price of a bitcoin sold by him? We don't know that, but it should be crystal clear that he wouldn't get even 1,000 dollars per coin on average. Dumping that many coins would likely crash the price to lower hundreds (if not below). Nevertheless, let's assume that he got 500M dollars in cash (and this is in fact a very optimistic assessment). Do you you really think that any of the three dudes you mentioned couldn't get times more instantly by selling part of their stocks? Just in case, I know what you are going to say, so think twice before saying that


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: yogg on April 01, 2017, 08:00:29 AM
About your question why he didn't generate x coins for himself: he could have done a hefty premine, but since btc is open source, everybody would have been able to see the premine right there in his sourcecode...

Just a sidenote :
What's the difference between a premine, an instamine, and Bitcoin ?
Since that cryptocurrency scheme was coming out of nowhere, satoshi was the only one believing in it for some time, and was the only miner.

Fact that it was open source is important, but to me bitcoin is an "instamined" coin. The "Insta" part during weeks, sure, but still ...


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Idrisu on April 01, 2017, 03:11:47 PM
One day I believe satoshi Nakamoko will reveal his really Identity and from there his name will start to be mentioned in the world rich people list. I also pray for our names to be mention in good things and not bad things. Bill gate reach we he is today because he believes himself.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: centralbanksequalsbombs on April 01, 2017, 07:44:24 PM
About your question why he didn't generate x coins for himself: he could have done a hefty premine, but since btc is open source, everybody would have been able to see the premine right there in his sourcecode...

Just a sidenote :
What's the difference between a premine, an instamine, and Bitcoin ?
Since that cryptocurrency scheme was coming out of nowhere, satoshi was the only one believing in it for some time, and was the only miner.

Fact that it was open source is important, but to me bitcoin is an "instamined" coin. The "Insta" part during weeks, sure, but still ...

And as a self-less gesture didn't dump those initial chunks of bitcoin. Satoshi died in 2013. No one ever will be touching those coins. Satoshi had a grander dream for the world.




Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: sunsilk on April 01, 2017, 09:15:00 PM
One day I believe satoshi Nakamoko will reveal his really Identity and from there his name will start to be mentioned in the world rich people list. I also pray for our names to be mention in good things and not bad things. Bill gate reach we he is today because he believes himself.

Why there's a need for mentioning our names? Just simply revealing who he really is was enough.

And comparing the wealth of these two giant names, Bill Gates is wealthy enough to run a small country.

But I'm thinking when the price of bitcoin reaches $10,000 - $100,000 then Satoshi will be damn richer and can have a venture with Gates.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: btcwhiskey on April 01, 2017, 09:34:31 PM
He will be the day btc reaches mainstream.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: cpfreeplz on April 01, 2017, 10:08:53 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

What a stupid question. If some anonymous guy kept making some anonymous coin that no one used but him it would be 100% useless and worthless. Even if he owned a huge portion it would be a clusterfuck waiting to happen.

Should he be richer....? I mean ya the Blockchain was a lot of work, but was it something that took satoshi their whole career? We'll never really know, but I don't think so. Bill Gates earned his billions over years and years. He got lucky in a lot of ways but also he was smart in a lot of other ways.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: ufaiz50 on April 02, 2017, 01:28:43 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: iamTom123 on April 02, 2017, 04:29:04 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

That is a good question to think about. I think that Satoshi never intended to be very rich when he had Bitcoin in his mins and when he implemented the idea. And that is something we have to thank for because if have had been greedy then probably we would not have the Bitcoin we have today as it would just be another fiat money induced by greed and controlled by somebody else. Satoshi if he is a real man is now actually rich because his share is improving in value. What Satoshi did at the foundation of Bitcoin should be an inspiration for all stakeholders in the Bitcoin community.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: renfangfua on April 02, 2017, 04:41:19 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown
Satoshi nakamoto is still anonymous and we even don't know of its a single person or a group or community. then there is no way to really determine whether he is richer and even be able to value his wealth.Maybe,he is richer than Gates,and who knows.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: X-ray on April 02, 2017, 04:43:00 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown
All of the bill gates assets are over hundreds billions dollar right now. That's no comparable with the total bitcoin market capitalization.
Satoshi Nakamoto just anonym identity, and it will never get revealed into the public audience.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: micher143 on April 02, 2017, 04:46:37 AM
Maybe but somehow no, because bitcoin has a limited supply just like other coin and ICO so as far as you can see the large part of the bitcoin is in the people who are using it but imagine if satoshi nakamoto is holding the 50% of the total supply of the bitcoin? Maybe yes he is the richest person in the world with that supply but what if when the bitcoin is at the bottom rock he sell all of the bitcoin that he holds? Many possibilities but in overall satoshi nakamoto is a legend that is starten the bitcoin in digital community and spread in the world.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: suredoood on April 02, 2017, 04:51:20 AM
LOL literally everything you said makes zero sense.

1. To be fair, Bill Gates has done a lot more in terms of innovation than Satoshi Nakamoto, not to diminish Nakamoto's work.

2. Nobody knows how much money Satoshi has because nobody knows who he is.

3. He cannot generate infinite Bitcoin for himself, if he could, he would.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Sithara007 on April 02, 2017, 04:54:05 AM
I asked one of my friends (who is active in crypto) the same question. I asked him what has Bill Gates done, to make him richer than Satoshi Nakamoto. His reply was pathetic. He asked me, why Satoshi? Why not Vitalik Buterin or Andreas Antonopoulos? Some people are yet to fully understand what Satoshi has done.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 02, 2017, 05:29:39 AM
LOL literally everything you said makes zero sense.

1. To be fair, Bill Gates has done a lot more in terms of innovation than Satoshi Nakamoto, not to diminish Nakamoto's work.

2. Nobody knows how much money Satoshi has because nobody knows who he is.

3. He cannot generate infinite Bitcoin for himself, if he could, he would.

And what did Bill Gates do in terms of innovation?

His only genuine project was some crappy Basic interpreter which couldn't even compile programs (and I'm not sure how truly genuine it was). All his other projects were either outright stolen (like, for example, MS-DOS) or had nothing to do with innovation as such. Bill Gates and Co didn't invent anything on their own. They took networking from BSD TCP/IP stack of Berkeley fame, their NT kernel (so-called "New Technology") has roots in VMS systems of Digital fame, etc. In fact, I'm heavily inclined to think that Microsoft with their monopolization of desktop operating system market has greatly slowed innovation. Apart from that, it doesn't matter whether Satoshi is known or not, it is what he did what matters in the end, and Bitcoin is a real innovation by any metric. Whether it will be of great purpose and success eventually we can't say right now since it may take decades to come to any definite conclusion


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: CloudStrife on April 02, 2017, 05:31:55 AM
Certainly not at the present time, but I think the Bitcoin marketcap will rise greatly over the next few years, and maybe in a decade or less, Satoshi will be the richest man in the world.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: noictib on April 02, 2017, 05:55:37 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
Actually the control is always a big factor in anything , if Satoshi nakamoto will create unlimited bitcoin then surely the Nakamoto will became scammer , But opposite of this he is really a talented , trusted a nd sharp minded person who always follows his rule that he made for the bitcoin .
So here it is more better to make the limited generate of the bitcoin , Because balanced thing always gives a result which remain long lasting .
It is just a matter of thing , let think if he create unlimited bitcoin then what will be value of the bitcoin in the market , the market of bitcoin will go down rapidly , so here the current condition to remain less rich is more better than what you are thinking to be happen .


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Clement Kaliyar on April 02, 2017, 12:24:13 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown
You are making me laugh my child,the alias behind the name Satoshi Nakamoto is richer than Bill Gates and no one knew about him,was he a drug lord or what to hide his real world assets and hope you know what you are talking here,he is not paying tax and he is a culprit and that is what you are claiming by this.  :P
@OP if he was pre mining all the coins then people would not trust bitcoin as simple as that and so that the price wont even reach these valuation.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Qartada on April 02, 2017, 12:26:28 PM
LOL literally everything you said makes zero sense.

1. To be fair, Bill Gates has done a lot more in terms of innovation than Satoshi Nakamoto, not to diminish Nakamoto's work.

2. Nobody knows how much money Satoshi has because nobody knows who he is.

3. He cannot generate infinite Bitcoin for himself, if he could, he would.

And what did Bill Gates do in terms of innovation?

His only genuine project was some crappy Basic interpreter which couldn't even compile programs (and I'm not sure how truly genuine  it was). All other his projects were either outright stolen (like, for example, MS-DOS) or had nothing to do with innovation as such. Bill Gates and Co didn't invent anything on their own. They took networking from BSD TCP/IP stack of Berkeley fame, their NT kernel (so-called "New Technology") has roots in VMS systems of Digital fame. In fact, I'm heavily inclined to think that Microsoft with their monopolization of desktop operating system market has greatly slowed innovation. Apart from that, it doesn't matter whether Satoshi is known or not, it is what he did what matters in the end, and Bitcoin is a real innovation by any metric. Whether it will be of great purpose and success eventually we can't say right now since it may take decades to come to any definite conclusion
Worse than not innovating anything, Bill Gates employs thousands of people to innovate things for him and then everyone gives him credit for their work, which he also takes the surplus labour value from.

Satoshi was great because he was actually a coder and actually an innovator.  Bill Gates never will be.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: maydna on April 02, 2017, 12:53:43 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

i think if satoshi nakamoto is already owned billion of bitcoin or 2/3 from all bitcoin that already exist, then satoshi nakamoto will be the richest person in the earth for now. because with bitcoin price that is really higher than first launch, i think the capital of satoshi nakamoto is really to big to compare with other person and i think he can go wherever place he wants or buy whatever he wants. maybe satoshi nakamoto is already withdraw his bitcoin for some cash and buy some product or buy something for him and for his family.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: CODE200 on April 02, 2017, 02:01:00 PM
No, Satoshi nakamoto is not that famous by all people around the world he is known only by the people who is using bitcoin.but if Satoshi revealed himself and owned a billions of bitcoins, satoshi should be richer than bill gates, but still bill gates is still richest man all over the world because he is really famous and known all the people around the world.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: bra4our on April 02, 2017, 05:50:25 PM
If he makes more bitcoins, the currency will just crash and become as worthless as the Zimbabwean Currency.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Taki on April 02, 2017, 06:06:19 PM
I think the main idea of bitcoin to Satoshi wasn't to make capitals on it; the idea, by my opinion, was to skip the system and centralization.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: edden on April 03, 2017, 01:01:55 AM
You all are speaking nonsense here. It does not make any sense to me. You even do not know who he really is ? But you all are gosssssssipppppping about him because he is your hero. Some how in some extend you believe in him. Well, he has done a great job for you and you all are following him as he has taken over the entire financial system. Bill Gate is corporate capitalist. While the inventor of Bitcoin Technology is unknown to you. Suppose the Big Brothers have hijacked the Bitcoin project from him and held him a hostage and blocked him to speak about it. What do you think he could do with his so called 1 million bloody bitcoins ? The people who is now controlling Bitcoin project are the rich men while Bill Gate is a Billionaires with Microsoft. You can not compare him with Bill Gate. But, if you know the truth about Bitcoin mystery then it will be another story. Think about it. Think rationally. 


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: edden on April 03, 2017, 01:41:19 AM
deisik,
And what did Bill Gates do in terms of innovation?


It is not important what Bill Gates innovated but as you know he is a big player in the wake of computation. He grabbed the innovations and put it together and milking the cows and making butters a plenty of butters. You could be a billionaires but what are you going to do with all your money ? Satoshi Nakamoto is a legendary man behind bitcoin but you probably know better that he has no face on the Internet. While Bill Gates every body can see his face. All the governments know him and invite him to do business in their countries. Satoshi Nakamoto is a Japanese Pseudonym. He might be a libertarian enigmatic person but he cannot come out on the media to speak about his ideology. The media people will not allow him because he is not one of them. This is why the media bring many fake Satoshi every year to mock him. All this is a drama, a real drama.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Tesorex on April 03, 2017, 01:47:55 AM
He did a lousy job with developing a half baked software without thinking about it's future, while he has said when first version is released the rules are set in stone but we all can see how bu and sw giving a damn about that stone.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 03, 2017, 03:44:00 AM
deisik,
And what did Bill Gates do in terms of innovation?


It is not important what Bill Gates innovated but as you know he is a big player in the wake of computation. He grabbed the innovations and put it together and milking the cows and making butters a plenty of butters. You could be a billionaires but what are you going to do with all your money ? Satoshi Nakamoto is a legendary man behind bitcoin but you probably know better that he has no face on the Internet. While Bill Gates every body can see his face. All the governments know him and invite him to do business in their countries. Satoshi Nakamoto is a Japanese Pseudonym. He might be a libertarian enigmatic person but he cannot come out on the media to speak about his ideology. The media people will not allow him because he is not one of them. This is why the media bring many fake Satoshi every year to mock him. All this is a drama, a real drama

What was the point of your post?

If you don't like Satoshi Nakamoto (which seems to be the case), take Linus Torvalds as Bill Gates's opponent. The former is a public person too, and he does speak about his ideology in the open. He is certainly by far more respected by the public than the latter. And what does it essentially change in respect to Bill Gates? Does it make him somehow less nefarious with his "Divide and Conquer" approach (taking something open and then shipping an incompatible implementation of it)?

http://s015.radikal.ru/i330/1704/d6/7096ec1cbed8.jpg

He did a lousy job with developing a half baked software without thinking about it's future, while he has said when first version is released the rules are set in stone but we all can see how bu and sw giving a damn about that stone.

His lousy job right now costs over 1,000 dollars per unit. Besides, I don't think he actually said something like you pretend he said. The consensus rules are not perfect, but that's what likely keeps (kept) Bitcoin from disintegration and collapse all these years


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: satongshi on April 03, 2017, 05:39:44 AM
Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
Could you please elobrate what you're talking exactly. Did you mean Satoshi to have more number of bitcoins for himself and then selling them for real cash to become rich man ? If it is so, I'm sorry I come to a conclusion that you do not know how bitcoin ecosystem is working.

I'm sure one day or other, Mr. Satoshi will become richest man of this world when bitcoin values will be hitting more than million dollars. I believe this is the only way for Mr. Satoshi to become richer than Bill Gates.

I mean he could buy anything frok small to big amounts.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Sithara007 on April 03, 2017, 06:38:55 AM
If he makes more bitcoins, the currency will just crash and become as worthless as the Zimbabwean Currency.

He can't make more coins. That is the beauty of Bitcoin and it makes the currency different from the fiat currencies. Look at the United States Dollar. When Ben Bernanke was the Chairman of the Federal Reserve, he printed dollar bills like crazy. Such things are not possible with Bitcoin.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: iamnotback on April 03, 2017, 07:01:38 AM
Satoshi our great NWO master:

What you describe, what you are suggesting, perhaps, is that a benevolent Satoshi has great power to do good, and that, conversely, a malevolent Satoshi has a nuclear bomb in regard to his private keys.

;)

If you wanted to utilize Bitcoin reserves which could not be visibly spent until it was time to enslave the world, how would you do it?

What if you could print paper high powered SDRs implicitly backed by Bitcoin. And then create Basel rounds that progressively ratchet the old banking system to default by requiring Tier 1 reserves of this quality.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Yuuto on April 03, 2017, 07:56:48 AM
If he makes more bitcoins, the currency will just crash and become as worthless as the Zimbabwean Currency.

He can't make more coins. That is the beauty of Bitcoin and it makes the currency different from the fiat currencies. Look at the United States Dollar. When Ben Bernanke was the Chairman of the Federal Reserve, he printed dollar bills like crazy. Such things are not possible with Bitcoin.

When the government is deep in shit, their go to move is to print more money.

In fact they got so scared that their financial kingdom was going to collapse that they printed literally trillions of electronic pieces of dollars, that inflated the monetary base by so so much that it's not even funny anymore.

The logical person would go to something like bitcoin, the alternative to fiat currency.

As you stated, Satoshi is not able to print any more currency than he already owns to add to his collection of bitcoins. Unless he has hashpower which is damn expensive to get right now, then he won't be able to print any more bitcoins.

Bitcoins are generated in a decentralised way, which means that nobody can exploit the system for themselves.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: AlexM on April 03, 2017, 11:35:35 AM
Who is to say that Bill Gates is not Satoshi Nakatomo?


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: posternat on April 03, 2017, 03:07:02 PM
If he makes more bitcoins, the currency will just crash and become as worthless as the Zimbabwean Currency.

He can't make more coins. That is the beauty of Bitcoin and it makes the currency different from the fiat currencies. Look at the United States Dollar. When Ben Bernanke was the Chairman of the Federal Reserve, he printed dollar bills like crazy. Such things are not possible with Bitcoin.

I agree that bitcoin cycle is different from fiat cycle. But still Satoshi remains silence on his identity we do not know if he is generating his coin or making new coins. No one knows that thing.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Ayers on April 03, 2017, 03:18:31 PM
satoshi is dead liek many think and if not he only have 200k coins right? that is not enough to be richer than bill, bill have 60B of dollars, 200k coins, are 200 million of dollars

Who is to say that Bill Gates is not Satoshi Nakatomo?

this is stupid and you need to prove it first, but you can't right?


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: allthingsluxury on April 03, 2017, 03:51:39 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Honestly, who even knows if this guy is still alive. There has been so much speculation surrounding this character its unreal, I've seen countless stories during my time here.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: edden on April 03, 2017, 06:00:34 PM
Legendary
deisik

What was the point of your post?
 
The point of my post is Bill Gates is a person from the old capitalist school of economics with motives to accumulate wealth any how, and Satoshi Nakamoto is Pseudonym, who  is unknown to the world. Your assumption is wrong that I do not like Satoshi Nakamoto. What I was pointing is, it is not important to compare Satoshi Nakamoto to Bill Gates.

Well any body gathering multi-billions in his vault just to satisfy himself is not only nefarious but very wicked psychopath. While Satoshi Nakamoto did not get any money from any one with a motive to satisfy his desire. Therefore the person behind this pseudonym is admirable by many because he is libertarian economist and scientist. We are in a wake of new beginning so we must understand the very importance of economic climate change. Bitcoin and Blockchain is doing a great job to rethink economics and banking.  Satoshi Nakamoto has created an amazing tool for people to use it. He is genius but who is he ? Do you know him ? Is he hiding behind your deisik CutetFace ?

Who is to say that Bill Gates is not Satoshi Nakatomo?

Bill Gates is not Satoshi Nakamoto. If Bill Gates is a computer hacker and Cypherpunks then he could be the next candidate after Craig Wright to prove that he is Satoshi with his extra ordinary evidence.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 03, 2017, 06:14:40 PM
Legendary
deisik

What was the point of your post?
 
The point of my post is Bill Gates is a person from the old capitalist school of economics with motives to accumulate wealth any how, and Satoshi Nakamoto is Pseudonym, who  is unknown to the world. Your assumption is wrong that I do not like Satoshi Nakamoto. What I was pointing is, it is not important to compare Satoshi Nakamoto to Bill Gates.

Well any body gathering multi-billions in his vault just to satisfy himself is not only nefarious but very wicked psychopath. While Satoshi Nakamoto did not get any money from any one with a motive to satisfy his desire. Therefore the person behind this pseudonym is admirable by many because he is libertarian economist and scientist. We are in a wake of new beginning so we must understand the very importance of economic climate change. Bitcoin and Blockchain is doing a great job to rethink economics and banking.  Satoshi Nakamoto has created an amazing tool for people to use it. He is genius but who is he ? Do you know him ? Is he hiding behind your deisik CutetFace ?

No, I'm certainly not Satoshi Nakamoto

At least, not in this timeline. Maybe, Satoshi arrived from the future (that perfectly explains why he is not much interested in his bitcoins), and maybe, it is actually me who arrived from that future, but I know nothing of that yet. Regarding comparing Nakamoto with Gates, it was not my idea either, though, personally, I think that such comparisons make sense, at least, as far as motives behind their actions are involved. In any case, Satoshi is a true genius while Bill is not. They are like Nikola Tesla and Thomas Edison (you guess who is who)


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: edden on April 03, 2017, 06:39:21 PM
Legendary
deisik,

You said you are not Satoshi Nakamoto but you think he has come from the future.
You also wrote," maybe, it is actually me who arrived from that future, but I know nothing of that yet." Wow ! you are a time traveler. what its mean ? Are you a friend of Satoshi ? or May be you are Satoshi.  I know Thomas Edison and Nicola Tesla. Suppose Satoshi is like Nicola Tesla but he is unknown to the world, what does it actually mean ? Off course it is meaningless to be unknown. Why the Bitcoin community can not find Satoshi ? What are the odd ? Could you please let me know the truth. I am seeking truth about the mystery of Bitcoin and its inventor.



Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: olubams on April 03, 2017, 06:51:17 PM
Is it the same Bill Gates we all know or another one? Because of its that same Bill Gates, then I doubt if Satoshi can be as rich as him. The reason for my position is from what I have read its reported that Satoshi kept as much as 1 million btc for himself and converting at 1000$, then we have 1billion dollars which is still a bit far from where the quoted wealth of Bill Gates stands...


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 03, 2017, 07:04:45 PM
Legendary
deisik,

You said you are not Satoshi Nakamoto but you think he has come from the future.
You also wrote," maybe, it is actually me who arrived from that future, but I know nothing of that yet." Wow ! you are a time traveler. what its mean ? Are you a friend of Satoshi ? or May be you are Satoshi.  I know Thomas Edison and Nicola Tesla. Suppose Satoshi is like Nicola Tesla but he is unknown to the world, what does it actually mean ? Off course it is meaningless to be unknown. Why the Bitcoin community can not find Satoshi ? What are the odd ? Could you please let me know the truth. I am seeking truth about the mystery of Bitcoin and its inventor

I'm not the one to tell you the truth

You may want to visit a church if you want to hear somebody tell you the truth (but you may not like it). As I said, I'm not affiliated with Satoshi in any way, any similarity with his character is purely coincidental and fictional. Ultimately, there are different types of people, and some of them do not need popularity of any kind. They may prefer to keep in shadow and just be happy with their obscurity (something like "security through obscurity")


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: lionheart78 on April 03, 2017, 07:07:00 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Satoshi does not need an additional number of Bitcoin to be able to beat Bill Gates wealth.  Satoshi just need time.  The time when Bitcoin scale and is adopted by every part of the world.  When 1 satoshi equals 1 USD.  It is just a matter of time to overtake Bill Gates rank in most richest person in the world.  That is if Satoshi Nakamoto is really a person.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: edden on April 03, 2017, 07:40:15 PM
Legendary
deisik,


I am not looking for the truth about God or Heaven or Hell and Angels. So please do not advise me to go to Church. A man need money to live on as the money were created by our ancestors. Now money  move the world. Money talks without talking. Money is the main things what people are interested. Without money you cannot live your live in this bloody crazy social system. The monetary policy makers have damaged the human social progress. Now we need to use the money to recreate a better society where money will not be needed as the new system will provide moderate rights to every one to get what they need to live on and do some progressive creative work to advance the civilization. What you think of money ? What money can do ? Do you trust in money ? No body likes to tell truth about himself or herself if they want to be anonymous. I like to learn some thing from you if you can let me learn but if you do not let know what I want to know then I have to follow some one else to learn. I am new in the forum but I know about Bitcoin long before --- but I need to learn about few things. Are you a pilot ? I like that small aircraft behind you. I am thinking to do some business with Bitcoin.

Thanks for your response.

Edden


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: andrew24p on April 03, 2017, 08:23:31 PM
Hopefully satoshi is dead or has lost the coins for good. I dont think anyone wants the mystery ruined, or a billion dollars dropped on the market.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: bravehearth0319 on April 04, 2017, 01:51:45 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
In my point of view, I knew this things know everyone that up to now the creator and founder of Bitcoin is still unknown. Though there are some pretenders who are declaring themselves that they are Mr. Satoshi Nakamoto but still in the end of investigation was a hypocrite people only. And also for me Bill Gates is still richer than Nakamoto.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 04, 2017, 05:03:35 AM
Legendary
deisik,


I am not looking for the truth about God or Heaven or Hell and Angels. So please do not advise me to go to Church. A man need money to live on as the money were created by our ancestors. Now money  move the world. Money talks without talking. Money is the main things what people are interested. Without money you cannot live your live in this bloody crazy social system. The monetary policy makers have damaged the human social progress. Now we need to use the money to recreate a better society where money will not be needed as the new system will provide moderate rights to every one to get what they need to live on and do some progressive creative work to advance the civilization. What you think of money ? What money can do ? Do you trust in money ? No body likes to tell truth about himself or herself if they want to be anonymous. I like to learn some thing from you if you can let me learn but if you do not let know what I want to know then I have to follow some one else to learn. I am new in the forum but I know about Bitcoin long before --- but I need to learn about few things. Are you a pilot ? I like that small aircraft behind you. I am thinking to do some business with Bitcoin

As I said, if you are looking for a teacher or a guardian, I'm not the right type

In other words, you should be on your own in your life, that's likely the only lesson that I can teach you. Regarding money, I consider its invention in the same category of value as the invention of the wheel and the lever. With only barter around, we wouldn't be able to evolve and make all this progress we made through ages. Basically, money decouples consumption from production. Some individuals claim that things (like Bitcoin) cannot change people and ultimately change the world. Obviously, this is an erroneous assumption since "you are what you eat"


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: edden on April 04, 2017, 06:29:57 AM
Legendary
deisik


You have waked me up from deep sleep by saying,"you should be on your own in your life", This was my inner voice around ten years back. thanks for reminding me. I agree with you, it is true that money decouples consumption from production. You are a sense able economist. And "you are what you eat" is a great phrase, I have heard about it long time before probably you know about it. You are right, people cannot see that Bitcoin is changing the perception of money in some extend and most of the people  cannot realize it as they are basically not that much of intelligent to  fully comprehend the fact in deep layer in order to understand the reality of change. Bitcoin has created a massive awakening  worldwide about true nature of money and I am aware of it fully. Where Bitcoin will go end up ? what is your comments ? People are making lots of money by using Bitcoin. Now the main topic here is Satoshi Nakamoto the inventor Bitcoin and if he could be richer than Bill Gates ? How many people really know Satoshi Nakamoto ? You said Satoshi Nakamoto is a fictitious name but the truth is who is behind that pseudonym or who else is there to create this massive Crypto currency infrastructure ?  I think it is important for people to know little bit about him because people are curious to find him. Do you know him ? Who is really this man who imagined the true nature of economics and came with the ideology of Bitcoin A P2P Electronic Cash System ? He must be from the future as you have mentioned earlier. I am interested to know the mystery. Have you ever wonder who is he ?

 


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: DrGuns4Hands on April 04, 2017, 10:29:24 AM
do you think if satoshi nakamoto is a only one person only does it equivalent on tax evasion some thing like that ? i know bitcoin is a decentralized but still we cant tell whats on the mind of the government. But two big thumbs up for satoshi because of him i have now greater life and more easier life to deal with


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: dihari on April 08, 2017, 01:16:22 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
The price of Bitcoin wouldn't stay the same if Satoshi created loads of Bitcoin, and he doesn't have the power to do that anyway - no one really does.  Satoshi is pretty damn rich, most likely a billionaire right now, and obviously his wealth will only be based on the value of Bitcoin.
I've heard something about this in another thread, but I forget the link. He said, sathosi nakamoto has never spent a single bitcoin. He destroyed the private key before he mine bitcoin. I think this decision make sathosi nakamoto a wisest man in the crypto world.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: chixka000 on April 08, 2017, 01:19:35 PM
Of course he can be richer than Bill Gates if he only chooses to stay and lead bitcoin users. Yet why did he instead decides to become anonymous? For some reason he dont want to


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Teraboy on April 08, 2017, 01:28:55 PM
Of course he can be richer than Bill Gates if he only chooses to stay and lead bitcoin users. Yet why did he instead decides to become anonymous? For some reason he dont want to
Give me more explanation about your answer. as we can see the bitcoin is for everyone. In fact, you can read the market capitalization of bitcoin.
Bill gates have over thousands billion. and it is not comparable with bitcoin.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: jakelyson on April 08, 2017, 01:30:30 PM

I've heard something about this in another thread, but I forget the link. He said, sathosi nakamoto has never spent a single bitcoin. He destroyed the private key before he mine bitcoin. I think this decision make sathosi nakamoto a wisest man in the crypto world.
How did he become the wisest man when he destroyed his private key of his wallet? Isn't that the worst thing you can do in crypto world? Even if he does not want to spend his bitcoins, he should still store his private keys in a safe place


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: cellard on April 08, 2017, 01:37:04 PM
We don't know if satoshi is dead or if satoshi was a group of people or if satoshi still owns all the keys... i could go on.

The fact is, nobody will never know what happened to the person or group of people named satoshi, we can only speculate.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: jacafbiz on April 08, 2017, 06:25:43 PM
Do we even know the actual amount of Bitcoin Satoshi is controlling, if the 1 million figure is true then it is just a matter of time, I can see Bitcoin in $10,000 range soon, when that time arrives, he is going to be sitting on $10 billion. The more Bitcoin price increases the richer he becomes.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 08, 2017, 06:50:08 PM
Do we even know the actual amount of Bitcoin Satoshi is controlling, if the 1 million figure is true then it is just a matter of time, I can see Bitcoin in $10,000 range soon, when that time arrives, he is going to be sitting on $10 billion. The more Bitcoin price increases the richer he becomes

It is not a good idea overall to count money in someone else's pocket

Other than that, there was a link posted numerous times across the forum to the piece of investigation where someone did the dirty job and actually counted Satoshi's bitcoins. It turns out that he has around 980k bitcoins all in all, and they are all sitting idly since times immemorial. Even if Bitcoin is going to hit 10k dollars per coin one day, those bitcoins are unlikely to move anywhere, so it may be fun to assess how much it makes in US dollars but that would be idle curiosity mostly


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Graphics on April 08, 2017, 07:03:49 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

The total bitcoin capitalization is ~$19 Billions.
Gates worth > $80 Billions.

I don't know how you decide about who's richer :D


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: PokerFace3 on April 08, 2017, 07:12:44 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

The total bitcoin capitalization is ~$19 Billions.
Gates worth > $80 Billions.

I don't know how you decide about who's richer :D
Yes, OP is just impractical with his thoughts. Satoshi never planned up for pre-mine or anything like that. But he was a sole miner in beginning days of bitcoins hence he got chances to hold some (believed so) 1 millions bitcoins.

But people misunderstand this like Satoshi had created some new money so he could get what ever amounts of it he prefers. It will not be possible to have all ~19 billions bitcoin by one person even for Satoshi, the creator of it. Bitcoin value is just backed by its community so if one single person holds all the coins then there would be no possibilities for this much capitalization.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: pooya87 on April 09, 2017, 04:51:00 AM
Do we even know the actual amount of Bitcoin Satoshi is controlling, if the 1 million figure is true then it is just a matter of time, I can see Bitcoin in $10,000 range soon, when that time arrives, he is going to be sitting on $10 billion. The more Bitcoin price increases the richer he becomes.

"a matter of time" for what exactly?!
and that is the problem though, most of us have not yet understood what bitcoin is an why it was created. Satoshi has some amount of bitcoin end of discussion. saying it is worth XXX dollar means you still don't know why he created bitcoin.
it wasn't for the price value or to become rich in USD sense.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: edden on April 10, 2017, 12:30:43 PM
I think, I must be open and tell the truth but there is some thing stoping me telling the truth. It is all about the Bitcoin invention and its mysterious inventor Satoshi Nakamoto. Satoshi mined 985050 Bitcoin at the beginning including the Genesis Block. People are interested to know and understand the motive of Satoshi Nakamoto, why he invented Bitcoin ? The truth is far enthrall than a blockbuster movie. I am thinking to invest few millions to create a legendary movie about Satoshi Nakamoto and the Cypherpunks and their link to government's secret service. You can not hide the truth for eternity. Truth will prevail over crook nation-state secret service. Satoshi is watching like the Eagle from far above the horizon and soon will appear on the white cloud like  Bitcoin Jesus. Do not misunderstand about Bitcoin Jesus. Roger Ver is not the real Bitcoin Jesus but an impostor. The real Satoshi Nakamoto knows what he is doing and how he will complete his mission. Therefore you cannot even imagine his capacity. He is busy to bring a Clockchain back in the Blockchain.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deepocean on April 10, 2017, 12:45:26 PM
Satoshi has only bitcoin. if bitcoin is translated into cash, satoshi will can be richest than bill gates. But if satoshi translete to cash, bitcoin will may dump


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: btvGainer on April 10, 2017, 12:46:32 PM
Satoshi kept his identity anonymous since the very beginning.It is clear his objective was not to make money or get fame.
He could have sold his bitcoin holding much earlier in 2013 and invested somewhere else but he didn't.
His ambitions seems to be different than Bill gate's.
But you never know where bitcoin would reach in future.If it reach $10k, Satoshi would be 10x richer than today.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: kynaz on April 10, 2017, 12:47:51 PM
lol, this is the basic about bitcoins, Satoshi Nakamoto just found bitcoin but he didn't own it, that's the fairness in bitcoin, if he can make how many bitcoins he want , so the price isn't like this . Like you found something, but others owned it later . hahaha


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: gabmen on April 10, 2017, 03:13:12 PM
lol, this is the basic about bitcoins, Satoshi Nakamoto just found bitcoin but he didn't own it, that's the fairness in bitcoin, if he can make how many bitcoins he want , so the price isn't like this . Like you found something, but others owned it later . hahaha

Yeah and i don't think its even right to compare these two. Though nakamoto finding bitcoin may very well be one of the most important events and he may also be among those people we all would have to thank for in the future. As now he's not yet on bill gate's yard in the eyes of people


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Pettuh4 on April 10, 2017, 03:46:19 PM
Of course he can be richer than Bill Gates if he only chooses to stay and lead bitcoin users. Yet why did he instead decides to become anonymous? For some reason he dont want to

It's his decision to remain anonymous and so let's respect that. About being richer than bill gates I don't think that's his priority and even if he wants to be richer than him he doesn't necessarily have to generate more bitcoins but then Bitcoin value CB move by just two zeros and he'd be richer than gates.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: The_Dark_Knight on April 10, 2017, 11:42:34 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
He cannot instant mine that many coins the code does not allow it, and even if he created a piece of code that did that no one will accept that version of bitcoin but don’t worry satoshi is already richer than bill gates the price still has not adjust it yet that is all.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: pitham1 on April 11, 2017, 01:12:58 AM
Satoshi kept his identity anonymous since the very beginning.It is clear his objective was not to make money or get fame.
He could have sold his bitcoin holding much earlier in 2013 and invested somewhere else but he didn't.
His ambitions seems to be different than Bill gate's.
But you never know where bitcoin would reach in future.If it reach $10k, Satoshi would be 10x richer than today.

For all you know, he might be holding on to his bitcoins and may reveal himself in the future.
But looking at his actions until now, I feel fame and fortune do not enthrall him.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: fathur.aza on April 11, 2017, 02:03:44 AM
I know that Bill Gates is the world's richest even his $ 80 billion fortune AS.tapi Bill Gates has Nakamoto stosi competitors that only $ 1 billion, his wealth distance away.
satosi Nakamoto produce the infinite value of bitcoin's her only redeem it with real money,.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: n0ne on April 11, 2017, 02:11:05 AM
Both are equally important and who is richest doesn't matter. What they innovated matters, so both has created a big change in the entire system. In my opinion I think without Bill Gates Satoshi could have not got the chance of making this innovation. Because Bill Gates made a revolution in the Computer and networking and Satoshi made it within that. So each need to be complemented than comparing.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: emezh10 on April 11, 2017, 02:24:28 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
I think yeah but there are many possibilities that happen this year that pass, Satoshi Nakamoto is founder of bitcoin maybe on the small pump he sell his all bitcoin there's a many possibilities but for me Satoshi Nakamoto is legend because he start the new way of making money and a new money that is called cryptocurrency.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Oo ako to on April 11, 2017, 02:54:47 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
I think yeah but there are many possibilities that happen this year that pass, Satoshi Nakamoto is founder of bitcoin maybe on the small pump he sell his all bitcoin there's a many possibilities but for me Satoshi Nakamoto is legend because he start the new way of making money and a new money that is called cryptocurrency.


I still dont know if he is a single person or a team but in my own opinion he or they are already keeping a huge amount of bitcoin and waiting for its value to soar high just like all of us and when that time comes, they will be one of the billionaires in the world.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: X-ray on April 11, 2017, 03:44:25 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
I think yeah but there are many possibilities that happen this year that pass, Satoshi Nakamoto is founder of bitcoin maybe on the small pump he sell his all bitcoin there's a many possibilities but for me Satoshi Nakamoto is legend because he start the new way of making money and a new money that is called cryptocurrency.


I still dont know if he is a single person or a team but in my own opinion he or they are already keeping a huge amount of bitcoin and waiting for its value to soar high just like all of us and when that time comes, they will be one of the billionaires in the world.
That's a corporation and bill gates is holding a lot of the shares. Where are from your data? looks like the microsoft just accept bitcoin to be the software payment. It looks like they're not interesting with the bitcoin and hold some of the bitcoin. because they're having a lot of the assets and it worth thousands millions dollar.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Pearls Before Swine on April 11, 2017, 03:48:22 AM
Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right?
The part above of OP is just stupid, but the comparison of Satoshi to Bill Gates is interesting.  I strongly suspect there isn't one person who is Satoshi, that it was a collusion of government agencies who came up with bitcoin in an effort to ensnare tax evaders.  Don't put anything past those barstards.  Who would pass up a Bill Gates-sized pile of cash?  Answer:  No one in their right mind.  And yet Satoshi's coins haven't moved that I know of.  Unless he's dead.

Very interesting to contemplate.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 11, 2017, 05:02:35 AM
Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right?
The part above of OP is just stupid, but the comparison of Satoshi to Bill Gates is interesting.  I strongly suspect there isn't one person who is Satoshi, that it was a collusion of government agencies who came up with bitcoin in an effort to ensnare tax evaders.  Don't put anything past those barstards.  Who would pass up a Bill Gates-sized pile of cash?  Answer:  No one in their right mind. And yet Satoshi's coins haven't moved that I know of.  Unless he's dead

He may have just lost the keys

Or intentionally destroyed them soon after he had started mining his stash of coins (or even before that). Whether he regrets his decision now is another question, though. I guess it could well be the reason why he vanished into nothingness and obscurity. That is, he destroyed his keys since he didn't believe in Bitcoin himself (remember the days of 10k dollar pizza?), but when Bitcoin kicked off for real, he felt very disappointed with himself and decided to forget about Bitcoin (and his lost millions) altogether. As the saying goes, out of sight, out of mind


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Mpamaegbu on April 12, 2017, 06:17:14 AM
Comparing Satoshi Nakamoto to Bill Gates in terms of wealth is like comparing oranges to apples. They are not match. While Gates is worth over $80billion, the total worth of Bitcoin is just $19,488,974,150 as at today. And Satoshi doesn't even hold all that worth. Maybe in the future he might worth more. But not now. Gates remains world richest.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Question123 on April 12, 2017, 12:26:45 PM
I think Bill gates are more richer than satoshi nakamoto . Because bill gates is the richest in the whole world and their business are many. Satoshi Nakomoto yes he is rich but he cannot overeach bill gates. This two guys their business same in new technology bill gates their business he is the owner of microsoft and I dont know what is the others. NAKAMOTO his business is bitcoin . I will emulate both because this two are successful...


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Oralmat on April 13, 2017, 01:35:18 PM
Interesting question, I really like it. Both Bill Gates and Satoshi Nakamoto both are successful and intelligent businessman. Because they are creative man, that's why i respect them and their creation accept the whole world.
But Satoshi new creative and Bill Gates is oldest successful businessman. That's why Bill Gates is more richest than Satoshi.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: The_Dark_Knight on April 14, 2017, 03:16:11 PM
I think Bill gates are more richer than satoshi nakamoto . Because bill gates is the richest in the whole world and their business are many. Satoshi Nakomoto yes he is rich but he cannot overeach bill gates. This two guys their business same in new technology bill gates their business he is the owner of microsoft and I dont know what is the others. NAKAMOTO his business is bitcoin . I will emulate both because this two are successful...
While the number may not reflect that you need to understand that bitcoin is undervalued while Microsoft is overvalued, there is nothing that microsoft has that is not done by free software, bitcoin will gain in price and eventually satoshi will surpass Bill Gates, which by the way will only add to his legend since we will not know who is the richest man in the world.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 14, 2017, 03:54:17 PM
I think Bill gates are more richer than satoshi nakamoto . Because bill gates is the richest in the whole world and their business are many. Satoshi Nakomoto yes he is rich but he cannot overeach bill gates. This two guys their business same in new technology bill gates their business he is the owner of microsoft and I dont know what is the others. NAKAMOTO his business is bitcoin . I will emulate both because this two are successful...
While the number may not reflect that you need to understand that bitcoin is undervalued while Microsoft is overvalued, there is nothing that microsoft has that is not done by free software, bitcoin will gain in price and eventually satoshi will surpass Bill Gates, which by the way will only add to his legend since we will not know who is the richest man in the world.

Both words (undervalued and overvalued) are misleading

The reason for that is simple. Both terms mean that something is not valued properly, at its true value and it is assumed as well that somewhere in the future the real, just value will be inevitably found and set. But this is no more than speculation. Something which is considered as undervalued may become even more undervalued over time, while something overvalued even more overvalued in the long run. And I'm not speaking that opinions may differ significantly as to how much something is under or overvalued (if at all). In other words, Bitcoin may collapse while Microsoft may surge despite the former being allegedly undervalued while the latter assumably overvalued


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Alexzap on April 14, 2017, 03:55:51 PM
Interesting question, I really like it. Both Bill Gates and Satoshi Nakamoto both are successful and intelligent businessman. Because they are creative man, that's why i respect them and their creation accept the whole world.
But Satoshi new creative and Bill Gates is oldest successful businessman. That's why Bill Gates is more richest than Satoshi.
How do you know how much money Satoshi Nakamoto? Bitcoin the currency is confidential. And when you consider that there was a huge jump in the price of bitcoin, maybe he is very rich, but just does not advertise his condition?


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: buharikx31 on April 14, 2017, 04:24:17 PM
I agree with that opinion that he maybe already sold his savings on a start bump we cant really know how much he is holding right now. But I still think that he is not the richest person right now


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: dannon on April 14, 2017, 07:29:43 PM
Maybe. He may have already cashed out a lot of coin. He would probably touch the earlier coins last.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: PokerDiceMan on April 14, 2017, 09:06:45 PM
Comparing Satoshi Nakamoto to Bill Gates in terms of wealth is like comparing oranges to apples. They are not match. While Gates is worth over $80billion, the total worth of Bitcoin is just $19,488,974,150 as at today. And Satoshi doesn't even hold all that worth. Maybe in the future he might worth more. But not now. Gates remains world richest.

what do you mean about staoshi nakamoto have total asset until reach 19 trillion dollar
total suply bitcoin only 21 million coin, this mean 21 billion dollar this bitcoin price now
and all 21million coin have not satoshi nakamoto
so how youre analys if satoshi nakatomo have asset 19 trillion dollar


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: The_prodigy on April 15, 2017, 12:30:22 AM
satoshi nakatomo still unknown
and until now bill gates still richer in the world, i think if satoshi nakotomo richer  can publish , because in this country satoshi nakamoto still pay TAX
right if satoshi nakamoto appear suddenly then he/she will be had a tax evasion right ? thats why he/she created bitcoin in order to have a less tax. because if youre rich you will pay high taxes thats how our government doing so bitcoin is definitely life saving when it comes on hiding our wealth on others. now i understand why bitcoin is been develop. good job satoshi nakamoto. :D


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Sled on April 15, 2017, 01:18:55 AM
I don't think Satoshi Nakamoto is richer than Bill Gates because even he got a lot of bitcoins or even millions of bitcoin it can't still enough to surpass the net worth of Bill Gates because every second Bill Gates is earning hundred of dollars so it is not possible for Satoshi Nakamoto to beat Bill Gates in terms of net worth, but Satoshi Nakamoto can be one of the richest people in our world if he just reveal himself.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: BitcoinPC on April 17, 2017, 04:47:20 AM
No doubt Bill Gates is richest person who earn money from online but Satoshi Nakamoto is newest person who start to work in online and earn from it. But Satoshi is not rich than Bill Gates.
Also you see Bill Gates has spend a long time to earn from online. But Satoshi started his work only 7 to 8 years ago. So definitely Bill Gates is rich person and everyone know about him very well than Satoshi.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: bitcoinisbest on April 17, 2017, 06:22:37 AM
Does Satoshi Nakamoto still holds the coin is the question. We are not sure since he likes to be anonymous just like the feature of btc so does he would not like to hold any coin just incase if someone reaches and identify him as the creator of bitcoin and let the world know he owns so much bitcoin.




Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: The_Dark_Knight on April 17, 2017, 05:38:12 PM
Does Satoshi Nakamoto still holds the coin is the question. We are not sure since he likes to be anonymous just like the feature of btc so does he would not like to hold any coin just incase if someone reaches and identify him as the creator of bitcoin and let the world know he owns so much bitcoin.



The addresses are known and if the coins moved you can bet there will be a storm, anyone not named satoshi will probably get greedy and try to cash out the coins so while we cannot be sure if satoshi still holds the coins, I think there is a high probability that he does.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Yanisumin on April 23, 2017, 01:49:52 PM
Bill Gates are being in the headlines of the forbs and medias. Hailed as the richest man in earth, his philanthoric work make his name more even famous. Of course his not the one who keeps improving and inventing or innovating but Bill Gates is investing on such projects not mentioning medical science.

I don't have much information on Satoshi and who he really is. An organization? A group of programmers? If Satoshi is holding a great amount of BTC, in the future probably he should be richer. But as of now Bill Gates is.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: stompix on April 23, 2017, 02:09:16 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Hhahaha , this can't be real....

The moment Satoshi would do this (the problem is that he won't quite be able to do it, but let's forget about it) the value of bitcoins would plummet to...guess what 0.
This is the basic selling point of bitcoin , limited supply.

Once we mess with this it's just like printing fiat.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: hase0278 on April 23, 2017, 02:20:39 PM
Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
The moment Satoshi would do this (the problem is that he won't quite be able to do it, but let's forget about it) the value of bitcoins would plummet to...guess what 0.
This is the basic selling point of bitcoin , limited supply.

Once we mess with this it's just like printing fiat.
It would be like fiat yeah and I think it wouldn't have the same glory it has now, it will just be like the others, a shitty altcoin with a low price. It wouldn't be the crypto-currency king if bitcoin creator can generate many bitcoin in the first place. Bitcoin without the limited supply would not be the bitcoin we now know if the supply numbers will be changed.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 23, 2017, 05:01:33 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Hhahaha , this can't be real....

The moment Satoshi would do this (the problem is that he won't quite be able to do it, but let's forget about it) the value of bitcoins would plummet to...guess what 0.
This is the basic selling point of bitcoin , limited supply.

Once we mess with this it's just like printing fiat

Right now top miners are keeping silence on this matter

But what we can do if they decide that the time has come to lift the bar? Bitcoin will certainly crash on this rumor alone, but then they will certainly backpedal on this issue. After a few iterations of this process people will get used to the frictions as well as be ready to accept the changes and not give a fuck anymore about Bitcoin cap or whether it remains the same. As the proverb goes, a little can go a long way while small strokes fell great oaks


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: aardvark15 on April 23, 2017, 06:12:24 PM
I don't think Satoshi will cash in all of those Bitcoins. Even if he cashed in some of them, the price of Bitcoin would probably drop because people would expect all of the coin to go back into circulation.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: MingLee on April 23, 2017, 06:28:32 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Hhahaha , this can't be real....

The moment Satoshi would do this (the problem is that he won't quite be able to do it, but let's forget about it) the value of bitcoins would plummet to...guess what 0.
This is the basic selling point of bitcoin , limited supply.

Once we mess with this it's just like printing fiat.
You're entirely right in my opinion. Having a hard cap on the amount of Bitcoins that exists regulates the supply in a way that everyone knows, and we can already see how something like this has impacted other altcoins and what the results of their experiments were. Changing the cap, even by just one or two, entirely throws off the trust in the cap and sets a prescient where anyone can start to change up the cap even more if they wanted to.
Not sure why the person you're replying to thought that printing money is a legitimate strategy. Oh well, I guess this thread is babby's first economic lesson.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: cecenaomi on April 24, 2017, 03:26:55 AM
So far Satoshi is still unknown, then there is no way to really determine whether he is richer and even be able to value his wealth. and until now bill gates still richer in the world, i think if satoshi nakotomo richer  can publish , because in this country satoshi nakamoto still pay TAX


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: maydna on April 24, 2017, 03:38:23 AM
So far Satoshi is still unknown, then there is no way to really determine whether he is richer and even be able to value his wealth. and until now bill gates still richer in the world, i think if satoshi nakotomo richer  can publish , because in this country satoshi nakamoto still pay TAX

i don't think that satoshi will cash out his all bitcoin right now and i think he only cash out small part of his bitcoin. even we don't know who is he, he still can withdraw and enjoy his life and maybe he only laugh to see the bitcoin price now is really higher than he can imagine before (or he did). but i am sure that satoshi is richer than bill gates depend on bitcoin price that is going to increase more by years. we still don't know how much bill gates wealth and we don't know how much bitcon satoshi safe in his wallet.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: chixka000 on April 24, 2017, 10:35:27 AM
Of course he can be richer than Bill Gates if he only chooses to stay and lead bitcoin users. Yet why did he instead decides to become anonymous? For some reason he dont want to
Give me more explanation about your answer. as we can see the bitcoin is for everyone. In fact, you can read the market capitalization of bitcoin.
Bill gates have over thousands billion. and it is not comparable with bitcoin.

Bill gates has billions but he does not creat that amount he work for it. Unlike satoshi who can create his amounts easily which is richer the creator of the currency or the user? Of course it is pretty obvious. Its a peer to peer yet you cant deny the fact that he can have as much bitcoin as he wants


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: CuriousGeorge on April 24, 2017, 10:50:33 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Hhahaha , this can't be real....

The moment Satoshi would do this (the problem is that he won't quite be able to do it, but let's forget about it) the value of bitcoins would plummet to...guess what 0.
This is the basic selling point of bitcoin , limited supply.

Once we mess with this it's just like printing fiat

Right now top miners are keeping silence on this matter

But what we can do if they decide that the time has come to lift the bar? Bitcoin will certainly crash on this rumor alone, but then they will certainly backpedal on this issue. After a few iterations of this process people will get used to the frictions as well as be ready to accept the changes and not give a fuck anymore about Bitcoin cap or whether it remains the same. As the proverb goes, a little can go a long way while small strokes fell great oaks
then, what is the exact reason of satoshi not moving his bitcoin even a cent worth of bitcoin, a little movement could affect the whole crypto world?


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: wicaksono on April 24, 2017, 12:51:14 PM
The problem is that many do not know about the identity of Satoshi Nakamoto, maybe if he wants to reveal his identity to the public he could be richer than the Bill Gates.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: chixka000 on April 24, 2017, 09:38:32 PM
The problem is that many do not know about the identity of Satoshi Nakamoto, maybe if he wants to reveal his identity to the public he could be richer than the Bill Gates.

Exactly, Intead of Him taking the pride as the founder of the crypto currency he instead decided to remain silenced and hide his identify due to security reasons. If he continues to take pride then he might be in jail right now


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Weatherby on April 24, 2017, 09:43:38 PM
The problem is that many do not know about the identity of Satoshi Nakamoto, maybe if he wants to reveal his identity to the public he could be richer than the Bill Gates.
How does revealing his identity would make him richer. The basic design of bitcoin is that the early adopters had the biggest share and since Satoshi had a good stack of coins it is known that he has not moved a lot of coins he has mined ,i really doubt if there is any kind of movement in the coins saved by satoshi there would be a massive panic situation .


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: wicaksono on April 25, 2017, 02:18:01 AM
The problem is that many do not know about the identity of Satoshi Nakamoto, maybe if he wants to reveal his identity to the public he could be richer than the Bill Gates.

Exactly, Intead of Him taking the pride as the founder of the crypto currency he instead decided to remain silenced and hide his identify due to security reasons. If he continues to take pride then he might be in jail right now

Well we as connoisseurs and bitcoin seekers can only guess what kind of identity Satoshi Nakamoto, and I remain proud as the founder of crypto currency he instead decided to remain silenced and hide his identity for security reasons or whatever.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Sled on April 25, 2017, 02:43:18 AM
The problem is that many do not know about the identity of Satoshi Nakamoto, maybe if he wants to reveal his identity to the public he could be richer than the Bill Gates.

Exactly, Intead of Him taking the pride as the founder of the crypto currency he instead decided to remain silenced and hide his identify due to security reasons. If he continues to take pride then he might be in jail right now

Well we as connoisseurs and bitcoin seekers can only guess what kind of identity Satoshi Nakamoto, and I remain proud as the founder of crypto currency he instead decided to remain silenced and hide his identity for security reasons or whatever.
That is what satoshi nakamoto is doing, he still silenced and he don't have any plan for showing his identity because that is very dangerous because he got a lot of money and people who want money will hunt him if he showed his identity or even his face in the public or in the tv. Satoshi nakamoto is one of unknown rich person in the world and i think he will die without showing his identity to us.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Peashooter on April 25, 2017, 03:03:34 AM
As far as we don't know the identity of Satoshi Nakamoto, we can't consider him as the richest man in the world.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: mimini0147 on April 25, 2017, 08:23:49 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Firstly, regardless of what you’ve read, satoshi has been missing for years, he’s either in hiding or dead.

He has around ~1 million bitcoins, even though he is not nearly as rich as Bill Gates, his bitcoins are worth around 1.3 Billion dollars which is alot. Satoshi can't just magic up more bitcoin at will even if he was still an active member of the bitcoin community, the only way to generate bitcoin is through mining, and he will need to invest tens onr hundreds of millions of dollars to mine enough bitcoin to put him on the same playing field as Bill Gates, the price per bitcoin will also need an increase if this is ever going to happen.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: stompix on April 25, 2017, 10:44:55 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Hhahaha , this can't be real....

The moment Satoshi would do this (the problem is that he won't quite be able to do it, but let's forget about it) the value of bitcoins would plummet to...guess what 0.
This is the basic selling point of bitcoin , limited supply.

Once we mess with this it's just like printing fiat

Right now top miners are keeping silence on this matter

But what we can do if they decide that the time has come to lift the bar? Bitcoin will certainly crash on this rumor alone, but then they will certainly backpedal on this issue. After a few iterations of this process people will get used to the frictions as well as be ready to accept the changes and not give a fuck anymore about Bitcoin cap or whether it remains the same. As the proverb goes, a little can go a long way while small strokes fell great oaks

They can decide whatever they want.
"We" whatever 'we" means can fork the coin and keep it as it was previously.

Well I guess technically it them who are going to fork it to make it unlimited but you've got the point.

The biggest problem is what the sheep are going to follow, and that might be a moment when you realize the world is made of stupid bipeds


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 25, 2017, 11:00:30 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Hhahaha , this can't be real....

The moment Satoshi would do this (the problem is that he won't quite be able to do it, but let's forget about it) the value of bitcoins would plummet to...guess what 0.
This is the basic selling point of bitcoin , limited supply.

Once we mess with this it's just like printing fiat

Right now top miners are keeping silence on this matter

But what we can do if they decide that the time has come to lift the bar? Bitcoin will certainly crash on this rumor alone, but then they will certainly backpedal on this issue. After a few iterations of this process people will get used to the frictions as well as be ready to accept the changes and not give a fuck anymore about Bitcoin cap or whether it remains the same. As the proverb goes, a little can go a long way while small strokes fell great oaks
then, what is the exact reason of satoshi not moving his bitcoin even a cent worth of bitcoin, a little movement could affect the whole crypto world?

No one knows the exact reason for that

Maybe, he has already passed away since some folks are claiming that Satoshi was Hal Finney who died in 2014 or Dave Kleiman who died a year earlier, or he might have destroyed the keys himself and now doesn't want to appear in the public eye any more. If these coins were moved, no one could predict what effect that would create. Some think that the price would crash, while others insist that it would actually provide support to Bitcoin since its founder would be still alive and kicking


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: lighpulsar07 on April 25, 2017, 11:37:04 AM
Its possible since bitcoin price does still continue to rise and others said that satoshi holds up 1M bitcoin which means he have $1B as of now on the current price of bitcoin and what if it would go 10k or 100k or so on? Possibilities would be there that he might be even richer than bill gates but for now no one still knows about on where satoshi is.
1bitcoin = $10,000? I think it's impossible to reach I think it will take 15 years or more to reach that amount because if bitcoin unlimited started hard fork in bitcoin, the price may drop by 50% and also if the government of china bans bitcoin (I hope not) it would affect the price greatly and also there are many factors to affect the price.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Xester on April 25, 2017, 12:00:55 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Hhahaha , this can't be real....

The moment Satoshi would do this (the problem is that he won't quite be able to do it, but let's forget about it) the value of bitcoins would plummet to...guess what 0.
This is the basic selling point of bitcoin , limited supply.

Once we mess with this it's just like printing fiat.

The assets of Bill Gates is considered to be fixed and its value is not fluctuating and thats why Satoshi Nakamoto could not be much richer than Bill Gates at this point of time. But later in the future when bitcoin hits 1 million dollars each then possibly thats the time that Nakamoto could be more richer than Bill Gates. But there is a downfall on bitcoin if Satoshi Nakamoto dumps his bitcoin and convert it to cash so he can compete in terms of wealth to Bill Gates.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Mbokani on April 25, 2017, 03:26:13 PM
I don't think Satoshi will cash in all of those Bitcoins. Even if he cashed in some of them, the price of Bitcoin would probably drop because people would expect all of the coin to go back into circulation.
You never know when and what the real Satoshi will be thinking,if he really wants those coins he have saved at the beginning he will move now or at a later time and no one can stop him from doing that. The price of bitcoin will crash only if he plans on dumping all of his coins which is highly unlikely other than that if the coins moves we might see a minor correction because of fear that he might dump everything.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: ahmedjamal1998 on April 25, 2017, 03:32:04 PM
Satoshi could be anyone since his identity is unknown. He could even be Bill Gates himself or Mark Zuckerberg :D

It's just doesn't matter.
And if we talk about unknown rich people. Well, they exist and they are a lot (if you put into consideration major illegal drug and weapon dealers. I'm pretty sure those guys are doing well lol :D).

In the end bitcoins is open-source so we don't need him for any reason. He just did something good and left/disappeared.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: so98nn on April 25, 2017, 03:48:36 PM
If there been unlimited Bitcoin then we could never see $1250 for them. Scarcity is the mother of economics and price determination.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: AngelSky on April 25, 2017, 03:52:13 PM
I don't think Satoshi will cash in all of those Bitcoins. Even if he cashed in some of them, the price of Bitcoin would probably drop because people would expect all of the coin to go back into circulation.
You never know when and what the real Satoshi will be thinking,if he really wants those coins he have saved at the beginning he will move now or at a later time and no one can stop him from doing that. The price of bitcoin will crash only if he plans on dumping all of his coins which is highly unlikely other than that if the coins moves we might see a minor correction because of fear that he might dump everything.

Its just your thought that bitcoin has been holded by the Satoshi now moved to other hands. Actually, this will not be truth I think because the He is one speculates first bitcoin will be reach to 10000$ for one bitcoin. As of now it doesn't happened. May be, Its happened he come out to the real world and say the truth.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Zadicar on April 25, 2017, 04:14:28 PM
I don't think Satoshi will cash in all of those Bitcoins. Even if he cashed in some of them, the price of Bitcoin would probably drop because people would expect all of the coin to go back into circulation.
You never know when and what the real Satoshi will be thinking,if he really wants those coins he have saved at the beginning he will move now or at a later time and no one can stop him from doing that. The price of bitcoin will crash only if he plans on dumping all of his coins which is highly unlikely other than that if the coins moves we might see a minor correction because of fear that he might dump everything.

Its just your thought that bitcoin has been holded by the Satoshi now moved to other hands. Actually, this will not be truth I think because the He is one speculates first bitcoin will be reach to 10000$ for one bitcoin. As of now it doesn't happened. May be, Its happened he come out to the real world and say the truth.
It wont happen since Satoshi wouldnt really come out no matter what happens since he do know what will be the things might happen to him.We dont know or no one could really justify if he does hold huge amounts of bitcoin on hiw own pocket since hes the owner or creator of bitcoin.If he does hold that amount then possibly he can surpass bill gates specially when the price skyrocket on to high point.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Goliaf on April 25, 2017, 04:19:45 PM
I don't think Satoshi will cash in all of those Bitcoins. Even if he cashed in some of them, the price of Bitcoin would probably drop because people would expect all of the coin to go back into circulation.
You never know when and what the real Satoshi will be thinking,if he really wants those coins he have saved at the beginning he will move now or at a later time and no one can stop him from doing that. The price of bitcoin will crash only if he plans on dumping all of his coins which is highly unlikely other than that if the coins moves we might see a minor correction because of fear that he might dump everything.

Its just your thought that bitcoin has been holded by the Satoshi now moved to other hands. Actually, this will not be truth I think because the He is one speculates first bitcoin will be reach to 10000$ for one bitcoin. As of now it doesn't happened. May be, Its happened he come out to the real world and say the truth.
Why should Satoshi be people? Everyone loves privacy I think that he is no exception. Nobody knows how much money he has and he is good. Besides where is the guarantee that it does not want to kill the competitors?


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Pierre 2 on April 25, 2017, 04:38:12 PM
I still feel like there is much to do with bitcoin than just 1 man.
So I don't think Satoshi holds coins right now, or if he is real. Very strange situation.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: digaran on April 25, 2017, 04:41:38 PM
Satoshi is long dead you silly kids, not even theymos or others has ever heard from him since.
He vanished very sudden like he didn't get a chance to further communicate with the community.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Lady Coquet on April 26, 2017, 02:21:42 AM
satoshi nakatomo still unknown
and until now bill gates still richer in the world, i think if satoshi nakotomo richer  can publish , because in this country satoshi nakamoto still pay TAX
Well satoshi nakamoto is unknown so i cannot say that satoshi is really richer than bill gates because bill gates is a known and famous person so he still the richest person in the world. But if satoshi revealed himself and seen all of his money probably he could be richer than bill gates


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: cotton ball on April 26, 2017, 03:08:39 AM
satoshi nakatomo still unknown
and until now bill gates still richer in the world, i think if satoshi nakotomo richer  can publish , because in this country satoshi nakamoto still pay TAX
Well satoshi nakamoto is unknown so i cannot say that satoshi is really richer than bill gates because bill gates is a known and famous person so he still the richest person in the world. But if satoshi revealed himself and seen all of his money probably he could be richer than bill gates

Many people are richer than bill gates because title of the richest people is based on the physical form of what it does, the rich people in Arabian peninsula tend to be more low profile and cover up the facts of true wealth, I don't think this is wrong because assets are not counted as The most important factor of wealth.

In this case satoshi chooses not to appear so that we can't compare it to anyone (I think he will never appear), and most people only consider satoshi only as the mascot of a group of kryptologists, I am also a people who think satoshi is the main code of bitcoin project.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: tukywez on April 26, 2017, 03:17:45 AM
Honestly, who even knows if this guy is still alive. There has been so much speculation surrounding this character its unreal, I've seen countless stories during my time here. just take profit with bitcoin its true prouds


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Noctis Connor on April 26, 2017, 03:43:09 AM
still satoshi is anonymous so if he/she suddenly showed up he/she will be the richest people in earth but remember there's a lot of governement watching him/her because tax evasion . they can get money from satoshi . thats why satoshi is still anonymous because of  the government . and satoshi spending it while having a good life.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Bionicgalaxy on April 26, 2017, 04:19:37 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
I can't decide if satoshi nakamoto is really richer than bill gates because satoshi is still unknown and don't revealed himself that's why some people think that he is not true, But i don't judge if it is true or not. And i think bill gates is still the richest person in the world because of microsoft.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: freedomno1 on April 26, 2017, 05:05:47 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Technically he won't make any lists because no one is certain on his state of existence.
But they can easily become the richest group in the world but it would require them to use their coins.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: X-ray on April 26, 2017, 05:43:31 AM
I don't think Satoshi will cash in all of those Bitcoins. Even if he cashed in some of them, the price of Bitcoin would probably drop because people would expect all of the coin to go back into circulation.
You never know when and what the real Satoshi will be thinking,if he really wants those coins he have saved at the beginning he will move now or at a later time and no one can stop him from doing that. The price of bitcoin will crash only if he plans on dumping all of his coins which is highly unlikely other than that if the coins moves we might see a minor correction because of fear that he might dump everything.

Its just your thought that bitcoin has been holded by the Satoshi now moved to other hands. Actually, this will not be truth I think because the He is one speculates first bitcoin will be reach to 10000$ for one bitcoin. As of now it doesn't happened. May be, Its happened he come out to the real world and say the truth.
They just hold some percentage of bitcoin and not for a lot of shares. Up to 1000 bitcoin in my mind. But as you can see a lot of the bitcoins have had by some of the bitmillionaires such as roger ver and winklevii.
Satoshi has owned some btc. It will never same as billgates.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Apened on April 26, 2017, 05:49:22 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
We really don't know how many bitcoins do satoshi nakamoto have and still i think it is not that to be the richest people living here on earth he only dont wants a government to control over a currency that why he created bitcoins.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: mainpmf on April 26, 2017, 09:01:58 AM
Nope. Simply because if he tried to sell too much btc the price would drop as hell.

I don't even know if he's still alive to be honest...
But if he is, then no doubt he's selling a few coins from time to time. The dude must have 0 money problem that's for sure xD


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Barbut on April 26, 2017, 09:15:07 AM
Nope. Simply because if he tried to sell too much btc the price would drop as hell.

I don't even know if he's still alive to be honest...
But if he is, then no doubt he's selling a few coins from time to time. The dude must have 0 money problem that's for sure xD

Price would drop as hell only in case he sell all bitcoins, but I doubt that he is crazy enough to do something like that. He is definitely very rich guy now, and many people don't have problems with money but their ambition is driving them to wish and earn more. It's not question how rich Nakamoto is, he is rich and everyone knows that, question is what is he doing with all that money, profit he make, what is the next big thing that he plan to create?


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: chixka000 on April 26, 2017, 10:42:21 AM
Honestly, who even knows if this guy is still alive. There has been so much speculation surrounding this character its unreal, I've seen countless stories during my time here. just take profit with bitcoin its true prouds

If i was satoshi. I would also tell that news that i am already dead. Why? Because as you have said people are very much interested of he is and that is a treat on his security so why not instead create a story that im dead


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: SHAWN-MIDWAYS on April 26, 2017, 11:09:25 AM
Satoshi Nakamoto has not declared how much he owns and i do not see the 1million bitcoins known to us to be ever touched unless he wants to prove his identity
besides he should know better that dumping such a huge amount of bitcoins could crash the bitcoin price and i guess both lads are living a happy life where ever they are :)


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: wicaksono on April 26, 2017, 01:56:44 PM
The problem is that many do not know about the identity of Satoshi Nakamoto, maybe if he wants to reveal his identity to the public he could be richer than the Bill Gates.

Exactly, Intead of Him taking the pride as the founder of the crypto currency he instead decided to remain silenced and hide his identify due to security reasons. If he continues to take pride then he might be in jail right now

Well we as connoisseurs and bitcoin seekers can only guess what kind of identity Satoshi Nakamoto, and I remain proud as the founder of crypto currency he instead decided to remain silenced and hide his identity for security reasons or whatever.
That is what satoshi nakamoto is doing, he still silenced and he don't have any plan for showing his identity because that is very dangerous because he got a lot of money and people who want money will hunt him if he showed his identity or even his face in the public or in the tv. Satoshi nakamoto is one of unknown rich person in the world and i think he will die without showing his identity to us.

Very well, I have never seen his face or see his identity in general through any media even caliber google was not there.
I can only thank to Satoshi Nakamoto, because of him, I earned an extra income from bitcoin.
So there's no need to compare Satoshi Nakamoto with Bill Gates, he's a great and popular person


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 26, 2017, 03:59:03 PM
Satoshi is long dead you silly kids, not even theymos or others has ever heard from him since.
He vanished very sudden like he didn't get a chance to further communicate with the community.

How do you know?

Price would drop as hell only in case he sell all bitcoins, but I doubt that he is crazy enough to do something like that. He is definitely very rich guy now, and many people don't have problems with money but their ambition is driving them to wish and earn more. It's not question how rich Nakamoto is, he is rich and everyone knows that, question is what is he doing with all that money, profit he make, what is the next big thing that he plan to create?

This is not a given, by any means

Even if Satoshi wanted to sell his bitcoins, he would most certainly look for an off-market deal. Indeed, he wouldn't be able to get the market price, but he would still likely not get what he might be offered off the market if he decided to sell his coins publicly. So I don't think that, first, he would have problems selling at least decent part of his stash, and, second, that it would necessarily crash the prices. Counterintuitively, that could even boost them somewhat


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Juggy777 on April 26, 2017, 04:21:41 PM
This question is best left for the legendary satoshi to answer and on a more serious note, it's none of our business to guess how much he has or its all gone. The very fact he choose not to come back is a mystery for us. Wonder he yet would have his coins, tilll we dont get this answer no point in discussing it. As no one will ever know how much he owns and how much he had when he left us never to return.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Shiroslullaby on April 26, 2017, 04:46:18 PM
Microsoft is worth $400 billion and Windows 10 alone is running on an estimated 200 million plus devices.  
They employ over 100,000 people not even counting their partners/ etc.  
Bitcoin is still just starting out and is nowhere near as large as some of these Fortune 500 companies.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: arnbrd on April 26, 2017, 06:43:35 PM
satoshi nakatomo still unknown
and until now bill gates still richer in the world, i think if satoshi nakotomo richer  can publish , because in this country satoshi nakamoto still pay TAX

Bill Gates being the richest man on Earth is just pure American propaganda. Al-Fahim is way way more richer than him. I think he has at least twice his fortune.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Apened on April 27, 2017, 03:07:39 AM
satoshi nakatomo still unknown
and until now bill gates still richer in the world, i think if satoshi nakotomo richer  can publish , because in this country satoshi nakamoto still pay TAX

Bill Gates being the richest man on Earth is just pure American propaganda. Al-Fahim is way way more richer than him. I think he has at least twice his fortune.
I think you're right ,because media is fooling us like on my country the media was too bias and hiding sime truth that happened in some part of the place they dont featured it in television . For me it was the rothschild's family the richest of all.


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: deisik on April 27, 2017, 05:36:50 AM
satoshi nakatomo still unknown
and until now bill gates still richer in the world, i think if satoshi nakotomo richer  can publish , because in this country satoshi nakamoto still pay TAX

Bill Gates being the richest man on Earth is just pure American propaganda. Al-Fahim is way way more richer than him. I think he has at least twice his fortune

Who is that Al-Fahim and why I never heard about him before?

I guess I can easily claim that the richest person on Earth is Putin since he essentially has what has been known in the past as absolute power. Basically, he has at his disposal some percentage of all world resources in existence today. As to me, this is a little more than wealths of Bill Gates and Al-Fahim combined. In his case, you can't even assess his "wealth" in monetary terms since you simply can't buy with money what he has (i.e. power). Just in case, Trump is openly ignored even by American courts (just in case if someone is about to come up with a claim about him)


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: hajimasan on April 27, 2017, 05:46:05 AM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
The reason is full clear and transparent .
Here the owner of bitcoin ( Satoshi nakamoto) don't want to cheat the users of the bitcoin and also they didn't want to make earning through scam . So he is not creating bitcoin in unlimited amount  for himself .
No doubt that Satish nakamoto is have 1$billion USD which is not a small amount and he is making money through the mining also ( by other but charge to mine ) .
Second thing suppose Mr.  Satoshi Nakamoto create the unlimited bitcoin for himself then what will happen , the market of the bitcoin will disbalance , so for the  better market of the bitcoin he is not creating more bitcoin .


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: Mr on April 27, 2017, 12:16:17 PM
But sadly, he choose to become anonymous and live in the shadow, feel awesome that his invention is being used all over the world. Even if he is rich or not rich than Bill gates, Cryptos lover will still respect him and know that he is the father of all cryptos on this planet


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: stephanirain on April 27, 2017, 02:15:13 PM
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
As far as i know i believe that bill gates is still the richest man in the world because satoshi nakamoto is unknown and don't want to reveal himself so we don't have any idea how much is all of his money and bitcoins. And we are still thinking that if satoshi nakamoto is real of fake ?


Title: Re: Satoshi Nakamoto should be richer than Bill Gates.
Post by: poplolnman on April 27, 2017, 02:54:15 PM
But sadly, he choose to become anonymous and live in the shadow, feel awesome that his invention is being used all over the world. Even if he is rich or not rich than Bill gates, Cryptos lover will still respect him and know that he is the father of all cryptos on this planet
we don't know what exactly satoshi wants from the bitcoin invention , just things that we have received so far are good things . opened a new business opportunity and jobs etc. but still people out there have a bad thought about satoshi , they think bitcoin invented for personal purpose , in the end it would just went worthless. pretty much disagree with that kind opinion.