Bitcoin Forum

Is there a possibility that Satoshi Nakamoto is holding a huge amount of BTC? Maybe around 2.2 Million? Hope to hear what are your thoughts about this.

What if I can post a video of someone holding 2.2Million Bitcoins, will this help? Or do you know also someone (must be an individual) who holds more bitcoins than the one I will be showing you in a video? (I will post the link once I get some responses).

Where the hell did you get that number from?

He only could have got that much if he mined completely alone for about a year.

There were other miners in the very early days.  Only a few, but a few is all it would need to take away many of satoshi's coins.

Read this blog post (https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/), which suggests that satoshi mined approximately 1 million coins.

Edit:  even that figure is questionable.

Oh I see.. Okay I will read that post. So estimated is 1 Million was only mined on the early days by Satoshi. Çoz Satoshi is anonymous right? Coz I've seen a video where someone holds 2.2 Million Bitcoins. In the video, he/she used Bitcore wallet.

I think that Satoshi has around a million BTC at most right now, I'm in agreement with the post from Iranus since it's the only number I have ever heard talked about on this forum and even on other articles I have read. It would make sense for him to have around 1M, and that was mostly just propagating the network till other people took over.

While he may be holding a huge amount of Bitcoin, I don't think it is 2M coins, and I don't even know if he has access to them anymore.

https://bitcointalk.org/index.php?topic=175996.0

all the old timers disproving even the 1 million figure

Don’t believe everything you see online, many are just tricked videos or pictures, there is not an address with that amount of money or everyone will be watching it, satoshi used multiple addresses, and even if there was an address with that amount of coins, if that person cannot sign a message with that address then that person cannot prove that address belongs to him.

Does the hive think Satoshi is a person or entity?

The figure seems to grow by the year.

Quite the performance for someone who hasn't been around for years haha.

2.2 million seems quote specific for such an allegation. Where did you get that information from? And don't say that video because a video can easily be edited. 

Just post the video. Why hide it if you want our opinion?

Let's see the video. Let's get an identical signed message with the date included from each and every address in this (fake) video (that you'll never post because this is all made up bullshit).

i think no one will know how much satoshi nakamoto holding bitcoin in his wallet because we don't know who is he, where he live and he don't said anything in the early of the bitcoin project. so i think maybe he don't let people know the exact amount of bitcoin that he have and let people guessing the real amount he have.

I thought it was suppose to be transparent ? Or we will never know how much a particular person holds ?

You will never know and thats the essence of bitcoins anonymity. I didnt still watched up the video link but thinking or talking about 2.2 million holdings then it would be insane and even satoshi wont even accumulate that coins even he will solo mine just like been mentioned above there are lots of miners on the earliest days which means 2.2m would be unbelievable. But who knows since anyone could claim that they hold up that coin.

That's an interesting thread, would like to point out a couple of quotes.




Bitcoin and me (Hal Finney), https://bitcointalk.org/index.php?topic=155054.0

It is believed that Satoshi has around 1 million bitcoins, it is not a fact or a statement backed by evidence, random guess. It might be true or false. Is it possible to track down each and every address owned by Satoshi? No. Does Satoshi still have private keys of all his addresses? Don't know. Since the Genesis block was mined until today bitcoin has gone through several phases of highs and lows. It is possible that Satoshi might have sold his coins during one of these phases or might still be holding it, but we don't know. Most importantly is Satoshi an individual or a group of individuals? We have no idea.

A lot of assumptions can be made, but it is not worth anything unless it is backed by a solid research/evidence. I personally don't care how much bitcoins Satoshi have or not.

We can mate you are just a lazy sorry ass spammer without spending time on other things than spamming, you could start from the first mined

Block and click next more than 20,000 times, though there are some of the block rewards already spent when you go higher than 19,000 blocks

That would mean not 1M. all his miner names is unknown and we still have a miner with the name of unknown, he's still mining that sneaky

Satoshi. 8)

what does someone with a video claiming to have 2.2 million bitcoin have anything to do with Satoshi and how much bitcoin Satoshi owns, I fail to see the relationship.

and the said video is only valid if the person signs a message with timestamp and a clear text showing it is for the purpose of that video and share that signed message. any other thing is invalid and can easily be faked.

What we only know is that he holds a good amount of bitcoins due to him mining for some time before releasing/publicizing bitcoin. But lets assume he holds 2 million btc. That's alot of money, yes. But if you compare the 2 million to the maximum bitcoin cap, it's quite irrelevant. Not like that certain altcoin whereas the founder holds around 60% of the supply.

This is a click bait of the author (not OP)  we know they are monetizing views and click of every video they created.  this time they target cryptocurrency people and since the group is huge and lots of people are interested on Satoshi holdings, the curiosity will bring these people to click the video and that is automatically earnings for the creator of video. 

Anyway it is obvious that it was a fake and all bullshit.

someone who hold such a massive amount of bitcoin (2.2 million or 5.1 billion dollar) is not stupid enough to publicly announce it, specially not on a platform like youtube.
first thing that is going to happen to him is that he will start being the target of hackers, thieves and other scumbags both online and offline. they may even attack him with machine guns!

second thing that will happen to him is that he will start being the target of the government and also the tax man. government wanting to know the origin of the coins, ... and the tax man wanting his share of the money.

so think again about the truthfulness of this. and try to think about "why he is pretending to have that much and what he is gaining from this online public stunt"

Forget Satoshi. Worry about the people who can dump. What of the Bitcoin whales like Roger Ver or Mircea Popescu? If the blockchain splits, will we have a dumping war happen? Does anyone know where they stand and what side they are on?

again this thread, it was already debunked the holding of satoshi which was initially estimated to be 1M, not 2.2 which is impossible, because to reach that amount you must mine for year alone

ant his was not possible because after few month other joined the mining activity

During the 2009-2015 years those who have started mining but weren't believing in Bitcoin were throwing their mining machines in trash.
So maybe millions of Bitcoins are lost forever.

He will if the blockchain splits this coming August. Hehehe. That is why I raised the argument why keep talking about his holdings? We should be worried about the Bitcoin whales who are willing to take sides and are not fearful of dumping their coins on an opposing chain.

As long as he does not dump his bitcoins, I do not really care how much bitcoin he is holding. And I do not think he will ever dump his bitcoin.

Like the one above me said, we should worry more about the whales who can manipulate the price by pumping and dumping bitcoin.

actually i wish everyday that Satoshi or any other person or group holding a large amount of bitcoin dump it on the market. it will be the happiest incident of all bitcoin history. and here is why:

bitcoin has a very limited supply. and one person holding a large amount (even a whale with 100-1000 bitcoin) is holding a large portion of this limited supply and when they dump it will temporarily disrupt the price but in the long run that means more people hold a share of bitcoin. or in other words a better distribution.

I agree totally, let him hold whatever he holds.  The whales are the worrisome bunch, but even they will not be able to manipulate the value too much, at least not historically.
I guess I should change the words I chose to this :  I think they WONT manipulate the coins to reduce values, because bitcoin has been growing in value so consistently they do not need to manipulate the market, they are getting obscenely rich anyhow.

Even if splitting happens one of the chain gets more value depending upon the dumping by the big whales. If such a situation happens I believe Satoshi will dump his holdings to make both the chains to be in a stable manner without much variations happening in its value.

What do I think? That it's just a crap. I don't doubt that there are huge amount of bitcoin holders, I think all that people who invested in bitcoin long time ago and have steely balls.
Till the identity of Satoshi stays uncovered I won't believe in any story connected with him, sorry. :)

Wow if this is true why would satoshi put it in secret probably he is the founder of this amazing bitcoin he got that big amount of bitcoin is posible he just want to hide his true identity in the public if i have this bitcoin even me i will keep it in secret i will invest it in a lot of business so even if i sleep the money i have still earning every minates.

we don't know satoshi nakamoto is the real people real or not then how we can know that he has a lot of bitcoin

I do not have a friend who holds a lot of bitcoin
As much as I know is not up to 10 bitcoin

This is what I call the "Satoshi Risk".
If satoshi ever unloads his millions of Bitcoins on to the market, we are all finito.

It is possible that Satoshi is holding a large number of bitcoins and probably 5% or more percent of total bitcoins mined so far. However, we all know that majority of the bitcoins are held by the top 1000 wallets and thus it makes it complicated to understand that there are 1000 owners or just 100 owners with 10 wallets each. Even if there is imbalance in bitcoin holdings, I think it's fair for the bitcoin millionaires because they are the ones who made Bitcoin valuable and thus they deserve it.

Well whatever He did mine, by now he must be an uber rich man and no wonder he kept himself anonymous lol. I mean he must be hoarding such a huge stash that he could probably run a country by himself single handedly. I wonder if he is helping people around the world with some of it at least? Would be a nice thought.

Thank you for your feedback everyone. Maybe we don't really know the truth about how many Bitcoins Satoshi Nakamoto is currently holding (or if he is a person, a group, or an organization). Maybe on Year 2021, we MIGHT be able to know the truth about this topic.

why!
do you really think if someone sells less than a million bitcoin to the public market, bitcoin is going to die! that doesn't make any sense to me. price may fall but it won't kill bitcoin, there still is 20 more million coins on the market and there are millions of people buying bitcoin.

and also it makes even less sense to think Satoshi is suddently going to come out of the blue and dump all his coins!!! thet makes me laugh :D
that's what a crazy person would do.

I'm curious if the original Satoshi group (if it's more than one person lets say) and those involved directly in the very beginning perhaps agreed upon some sort of Insider trading % limit's (when , how much, and how often they're able to dump).  My thoughts are that whoever Satoshi is, they aren't dumb enough to ever dump that many coins at once, especially in the early stages.

satoshi is holding millions of BTC but dont worry, he is rich already.. he wont dump.. his coins havent moved for almost 10 years.

you have more to worry about hard fork than satoshi dumping his BTC :D

- satoshi is not holding "millions"
- in fact we don't know and will never know how much he holds
- some speculate it is far less than ONE Million
- bitcoin was released in 2008 and that is barely 9 years and the "stash" that satoshi may or may not have was mined over the course of a year so a correct thing to say is those coins have not moved for 6-7 years.
- also hard fork is nothing to worry about, hard fork without consensus is something to worry about because that can lead to split

If that is the case, then what a bad attempt, no one that knows the bare minimum about bitcoin will fall for this amount of disinformation, no one, not even satoshi will have that amount of coins ever, in fact the figure that is often repeated that satoshi has one million coins is probably false too.

I think this is possible since satoshi nakamoto is a mysterious guy who invented this bitcoin. He is the first user who mine in bitcoin, it is possible that he might control some of the total bitcoins left. He was suspected that he owns million of bitcoins which is equivalent to $700m.

I think that coin is the missing is the supply of the bitcoin am I right? If I am then that amount of bitcoin is allocated for the mining of bitcoin because not all of the supply are allocated for the user the remaining million of supplies can be mined using rig or other way to mine.

Of course there is no Satoshi. You think a guy was illuminated, then disappeared? Countries fight for global dominance, and you can't see the real fight, much less a fight of this nature that goes even deeper into more structural global agendas of very powerful groups. Believing in Satoshi is nice thought, and serves as a vehicle to achieve something in certain way.