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Bitcoin => Bitcoin Discussion => Topic started by: fratad on October 11, 2017, 04:24:35 PM



Title: Satoshi controlling 500'000 BTC
Post by: fratad on October 11, 2017, 04:24:35 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F


Title: Re: Satoshi controlling 500'000 BTC
Post by: Zadicar on October 11, 2017, 04:27:14 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F
It would really be a big problem if someone do hold up 500k bitcoin on his possesion since he can really affect bitcoins price on his own hands but not totally because knowing off that it is just a fraction but yet is would really be a serious matter.Going back i dont think satoshi is holding up those coins knowing that there are several early adopter who do mine up bitcoin on its earliest days.He might hold up some coins but wont really be that big.


Title: Re: Satoshi controlling 500'000 BTC
Post by: fratad on October 11, 2017, 04:32:18 PM
Thanks for your answer,

i just watched The Bitcoin Gospel and Roger Ver said that Satoshi is probably controlling 500'000 BTC. If all the world will be adopting bitcoin he can actually control a lot, not just bitcoins at this time. I mean, that's something to think about.


Title: Re: Satoshi controlling 500'000 BTC
Post by: mobnepal on October 11, 2017, 04:47:25 PM
Thanks for your answer,

i just watched The Bitcoin Gospel and Roger Ver said that Satoshi is probably controlling 500'000 BTC. If all the world will be adopting bitcoin he can actually control a lot, not just bitcoins at this time. I mean, that's something to think about.
Every big bitcoin investors know about this and yes this might be quite big issue if satoshi or anyone who have control of those bitcoin will move even a single bitcoin out of known satoshi's addresses. Also it will be really hard for him/them to sell all of those bitcoin in market once.

I think satoshi behind bitcoin is already dead so I think all those bitcoin were not accessible which is actually a good news (lower supply).


Title: Re: Satoshi controlling 500'000 BTC
Post by: madzarux on October 11, 2017, 04:55:24 PM
Thanks for your answer,

i just watched The Bitcoin Gospel and Roger Ver said that Satoshi is probably controlling 500'000 BTC. If all the world will be adopting bitcoin he can actually control a lot, not just bitcoins at this time. I mean, that's something to think about.
Every big bitcoin investors know about this and yes this might be quite big issue if satoshi or anyone who have control of those bitcoin will move even a single bitcoin out of known satoshi's addresses. Also it will be really hard for him/them to sell all of those bitcoin in market once.

I think satoshi behind bitcoin is already dead so I think all those bitcoin were not accessible which is actually a good news (lower supply).

That’s a little strong don’t you think? Lol


Title: Re: Satoshi controlling 500'000 BTC
Post by: slapper on October 11, 2017, 06:49:36 PM
No, bro. Satoshi controls more than 1 millions bitcoin and they spread in around 100-200 addresses. Well, He is the father of bitcoin and therefore, I believe that he will never do such thing that can harm bitcoin such as selling all bitcoin at a time. Therefore, there is nothing you need to worry in this case. maybe he is holding it like a gift or something like that


Title: Re: Satoshi controlling 500'000 BTC
Post by: geac.xraekhurcoe on October 11, 2017, 07:00:33 PM
If Satoshi is alive and still has his keys, he will probably start selling only when there is no bitcoin to mine anymore and it's value so high that 1 Satoshi would equal $1000.00. So I don't think it would sell just at the beginning like it is today !


Title: Re: Satoshi controlling 500'000 BTC
Post by: BitcoinMuscle on October 11, 2017, 07:02:16 PM
I am absolutely sure Satoshi owns a very big amount of bitcoin because in the pre sale of bitcoin a fixed number of bitcoins was pre-mined and I dont think all of them were sold wich leads to the point that the remaining amount of bitcoins are in the possession of Satoshi. Also, being the creator of Bitcoin, Satoshi knows all the secrets of it and I am sure he can somehow hack the system.


Title: Re: Satoshi controlling 500'000 BTC
Post by: hatshepsut93 on October 11, 2017, 08:10:25 PM
It's a rumor that around 1 million bitcoins are owned by Satoshi - it might not be entirely true, maybe those early coins are spread between a few early miners or maybe even Satoshi himself can be a group of people. And Satoshi totally deserve those money - he started the crypto revolution, and in my mind great people deserve great reward. To try and take Satoshi's money from him would be a blatant thievery and against everything that Bitcoin stands for. And I think that if one day Satoshi will use his coins, he will use if for something good - maybe he will use it to fund some new decentralized project, or start donating it to someone in need.


Title: Re: Satoshi controlling 500'000 BTC
Post by: iluvpie60 on October 11, 2017, 08:19:31 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

I think that amount of BTC is left there in that addres son purpose to see if people can hack it somehow.

though it is currently impossible for something to do that. Even if all the mienrs in the world put their hash power into guessing Saothi's private key + passphrase they could not guess it in hundreds of years.


Title: Re: Satoshi controlling 500'000 BTC
Post by: dasdo on October 11, 2017, 08:23:25 PM

Yes, it's probably a problem, and maybe there are several such big players. But it is still possible that you are looking at it from the outside, without investing in crypto-currencies, but already having your own frightened opinion. Be careful in your endeavors and conclusions. Better participate in the bounty and do not worry for your money. ;)


Title: Re: Satoshi controlling 500'000 BTC
Post by: DaMut on October 11, 2017, 08:24:24 PM
that is why a lot of people still hesitating to get involved into it,
even though most of them view it as a hidden gold,they keep hesitating because of satoshi and other people who is own more than an 'average' people.
other than that Bitcoin price can be manipulated by peoples or organizations.
it is a problem ?
yes it is,but what can we do ? just let the time tell us what will happen in the future.
everybody should know what is the consequences behind it,that is why many people will say this to you :
You can double your money in the next morning,but you can lose all of it in the next morning too
and this :
Play everything that you can afford to lose


Title: Re: Satoshi controlling 500'000 BTC
Post by: mahibul49 on October 11, 2017, 08:32:02 PM
i think yes.he is the father of bitcoin so its simple to hold some bitcoin by him
bt i m not worry abt his holding.bcz bitcoin is just start.its bitcoin era


Title: Re: Satoshi controlling 500'000 BTC
Post by: martina14 on October 11, 2017, 08:38:30 PM
it is just his  reward to himself having this successful of bitcoin! why cant we give half million if he just gave the 20.5 million other bitcoins ? he didint sell iit by the way! why people look at the dot when the 99% of the paper are white!


Title: Re: Satoshi controlling 500'000 BTC
Post by: squatz1 on October 11, 2017, 08:58:21 PM
While yes, he does have this amount of coins. There is little to no chance that he still has control over the keys associated with the coins. Because at this point if he did, I think he'd be trying to sell these coins VERY slowly so people weren't able to notice.

So I don't have an issue with it, only under the assumption that these coins are practically lost anyway.


Title: Re: Satoshi controlling 500'000 BTC
Post by: BureauChef on October 11, 2017, 09:07:35 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

I think that amount of BTC is left there in that addres son purpose to see if people can hack it somehow.

though it is currently impossible for something to do that. Even if all the mienrs in the world put their hash power into guessing Saothi's private key + passphrase they could not guess it in hundreds of years.

I don't think this is real. They can't control that much money. It's almost 2 billion dollars. Doesn't sound realistic when we think about the current market situations.

If satoshi is real, it should be a group of developers.


Title: Re: Satoshi controlling 500'000 BTC
Post by: eternalgloom on October 11, 2017, 09:08:38 PM
We don't even know if Satoshi is still alive or if he even has control over those Bitcoins, so I wouldn't worry about it too much.
I personally think it's very likely that he isn't alive anymore, seems plausible that Hall Finney was Satoshi and used his neighbors name (Dorian Satoshi Nakamoto).


Title: Re: Satoshi controlling 500'000 BTC
Post by: DRVX on October 11, 2017, 09:20:41 PM


I think satoshi behind bitcoin is already dead so I think all those bitcoin were not accessible which is actually a good news (lower supply).

Why you think that Satoshi is dead??? You heard about it or why you saying such terrible things?
I think Satoshi is main developer of litecoin :) So he is alive!


Title: Re: Satoshi controlling 500'000 BTC
Post by: StevenS on October 11, 2017, 09:22:58 PM
I am absolutely sure Satoshi owns a very big amount of bitcoin because in the pre sale of bitcoin a fixed number of bitcoins was pre-mined and I dont think all of them were sold wich leads to the point that the remaining amount of bitcoins are in the possession of Satoshi. Also, being the creator of Bitcoin, Satoshi knows all the secrets of it and I am sure he can somehow hack the system.
Bitcoin didn't have a "pre sale".
The Bitcoin protocol was published before the first bitcoin was generated, and the Bitcoin software was made public at around the same time the genesis block was generated.
Bitcoin was not pre-mined. It simply started with the genesis block and various people mined subsequent blocks. It wasn't until a year or so later when bitcoins were sold for fiat money.
There are no Bitcoin secrets. The software and protocol was always public, and it has been analyzed to pieces. At this point Satoshi doesn't know anything more about Bitcoin than anyone else, except for its early history and the identity of its creator.


Title: Re: Satoshi controlling 500'000 BTC
Post by: emirkalyoncu on October 11, 2017, 09:24:17 PM
I dont think that satoshi is a single guy or a group of people.In my opinion bitcoin was founded by a global power(like rotshchild) and satoshi is the guy who is shown as responsible.As i think like this it is very possible that the power who founded bitcoin carries huge amuont of bitcoin


Title: Re: Satoshi controlling 500'000 BTC
Post by: mchaud on October 11, 2017, 09:25:25 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

There is no point for him in selling these as the price would immediately plummet to zero!


Title: Re: Satoshi controlling 500'000 BTC
Post by: BigBall on October 11, 2017, 09:27:55 PM
Why everybody here dont know if Satoshi live or dead?It was on some news that he died or?I support Satoshi if he own a lot of bitcoins because with that way he can win battles with banks and also he is creating money revolution.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Za1n on October 11, 2017, 09:29:50 PM
I believe Satoshi to be alive and well, but I heard he now spends his days combing through landfills looking for a certain lost hard drive he once possessed. :)

I might be kidding about Satoshi, but there was this guy who did just that: https://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site

He lost 7,500 Bitcoins, which today would be worth close to $375,000,000 ($375 million).


Title: Re: Satoshi controlling 500'000 BTC
Post by: xaxistech on October 11, 2017, 09:31:58 PM
Well i dont even think that he really exists, i think that this all thing is just a conspiration, there is nothing physical or digital to check that he really exists, or to check if he/she/it is holding that big amount of bitcoins, it is pretty impossible. and of course, he would not sell now, because maybe the price is so cheap for him right now.
but i dont know, it is so weird, and it will not happen.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Rozita on October 11, 2017, 09:36:46 PM
There is no evidence for your claim. I personally don't think it's true. But if you are right it's not a good news for bitcoin holders.


Title: Re: Satoshi controlling 500'000 BTC
Post by: 1Referee on October 11, 2017, 09:55:59 PM
I have been reading through various articles throughout the years, claiming that Satoshi is supposedly sitting on 1 million BTC, but there is no way to know for sure. Either way, I don't care about these coins, and neither should any Bitcoiner do so. As long as these coins remain untouched, and there is no reason to think otherwise, there is zero reason for anyone to get worried. Instead, people should worry about malicious entities such as Jihan, Ver and Mark Karpeles sitting on a huge mountain of coins. Especially the two afore mentioned entities are the poison that people here shoud worry about.


Title: Re: Satoshi controlling 500'000 BTC
Post by: donotlean on October 11, 2017, 10:01:42 PM
These days i am really thinking satoshi is a group of americans.because they rule everything why they can't this sector if isn't they bought a large part on cyrpto market already.


Title: Re: Satoshi controlling 500'000 BTC
Post by: imteaz on October 11, 2017, 10:07:18 PM
Even if Satoshi have 500k bitcoin, he isn't that he will sell them. He kept in few different addresses, and i am sure some of his developer control those account. So in future when bitcoin price goes over 100k, then he might slowly start to sell those coins and make billions :)


Title: Re: Satoshi controlling 500'000 BTC
Post by: CisColtz on October 11, 2017, 10:08:31 PM
I dont think that satoshi is a single guy or a group of people.In my opinion bitcoin was founded by a global power(like rotshchild) and satoshi is the guy who is shown as responsible.As i think like this it is very possible that the power who founded bitcoin carries huge amuont of bitcoin

I think you took it too far mate :)). Indeed we don't know who was satoshi or if he even existed even tho the account is still here on this thread. However to say that is was founded by a global power maybe but by rotschild no way. Anyway would be I'm fine with it , I like bitcoin and I like the blockchain technology.


Title: Re: Satoshi controlling 500'000 BTC
Post by: eaLiTy on October 11, 2017, 10:23:05 PM
i just watched The Bitcoin Gospel and Roger Ver said that Satoshi is probably controlling 500'000 BTC. If all the world will be adopting bitcoin he can actually control a lot, not just bitcoins at this time. I mean, that's something to think about.
Satoshi holds more than a million bitcoins in the addresses known to the public and none of the coins are moved till now,no one actually knows how much he actually owned and my guess is he could have owned way more than what the public knows but it is just speculative, if he control and start moving those coins,then it is a really big problem because he could single handedly manipulate the entire market.

I think satoshi behind bitcoin is already dead so I think all those bitcoin were not accessible which is actually a good news (lower supply).
This is one of the funniest answer i have seen,the coins are not moving does not mean that the person behind could be dead,he could have lost the keys which is highly possible,but does a genius who could create bitcoin will be that dumb not to safe guard his keys,i am sure those coins will move in the future .


Title: Re: Satoshi controlling 500'000 BTC
Post by: gentlemand on October 11, 2017, 10:26:58 PM
There is no evidence for your claim. I personally don't think it's true. But if you are right it's not a good news for bitcoin holders.

When Bitcoin began it attracted zero attention for months. For Bitcoin to exist there have to be miners. The only miner for a long, long time was Satoshi. 50 coins every 10 minutes soon adds up.

I don't believe the 1 million coin figure. I'm sure he does control several hundred thousand coins because he had no choice.

People who are waiting for him to sign up for Yobit and dump all of them are fucking morons. And even if he did, he can only sell once.


Title: Re: Satoshi controlling 500'000 BTC
Post by: helars2008 on October 11, 2017, 10:54:23 PM
For me someone or some group might really have a possession of a lot of coins and it maybe more than a million.  But am i worried about it,  my answer is no because if there is really someone that holds that huge amount of coin and did not spend it for how many years despite bitcoin price today then i think we can depend on his dedication to the cryptocurrency.  It would only mean that he hold that huge sum of coins because he doesnt want to alter or shatter cryptocurrency.  He is just their to observe and not like someone who will instantly jump into a decision when they already had a possession of large amount of coin.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Almat on October 12, 2017, 01:52:36 AM
He owns around 1 million, as the rumors say. It's a little concerning because he can literally influence the price on his own. Him dumping all those coins simultaneously will almost certainly cause a freefall, and might make even more holders dump in response. This is all speculation, of course, since no one really knows him and exactly how much he's holding.


Title: Re: Satoshi controlling 500'000 BTC
Post by: dothebeats on October 12, 2017, 01:58:44 AM
It's actually more than 500k if we are taking into account the first year of satoshi mining coins together with Hal Finney and others. As for his control over the market I doubt he'll be back to care about those coins at all, lest there would be something that demands his presence back (though highly unlikely, again). Besides, we don't even know if satoshi is even alive or not--we don't even know the guy. If there's something to be afraid of, that would be the continuous forking incidents because it's causing confusion to the newcomers and is preventing natural growth.


Title: Re: Satoshi controlling 500'000 BTC
Post by: danggoron on October 12, 2017, 03:40:35 AM
No, bro. Satoshi controls more than 1 millions bitcoin and they spread in around 100-200 addresses. Well, He is the father of bitcoin and therefore, I believe that he will never do such thing that can harm bitcoin such as selling all bitcoin at a time. Therefore, there is nothing you need to worry in this case. maybe he is holding it like a gift or something like that
I also thought of it as a bitcoin 'creator', how many btc does nakamoto have. true, no need to fear that bitcoin will be controlled unilaterally by the interested person.


Title: Re: Satoshi controlling 500'000 BTC
Post by: AGD on October 12, 2017, 03:45:31 AM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

There is no point for him in selling these as the price would immediately plummet to zero!

Please explain.

(I already know you can't)


Title: Re: Satoshi controlling 500'000 BTC
Post by: TastyChillySauce00 on October 12, 2017, 03:46:25 AM
He owns around 1 million, as the rumors say. It's a little concerning because he can literally influence the price on his own. Him dumping all those coins simultaneously will almost certainly cause a freefall, and might make even more holders dump in response. This is all speculation, of course, since no one really knows him and exactly how much he's holding.
He's been inactive for few years and there's no sign of living creatures in his "identified" address either (LOL), people might worry and speculate as much as they can but it seems that everything will be fine.
If you figured out, so many people always watching the satoshi's identified address and once the bitcoin there is moved, there'll be a massive news about it and people could make decisions on their own.
But, just if I think twice, it might be a problem indeed.


Title: Re: Satoshi controlling 500'000 BTC
Post by: dilinger on October 12, 2017, 03:47:43 AM
He owns around 1 million, as the rumors say. It's a little concerning because he can literally influence the price on his own. Him dumping all those coins simultaneously will almost certainly cause a freefall, and might make even more holders dump in response. This is all speculation, of course, since no one really knows him and exactly how much he's holding.
Yes I have heard he has 1 millions of bitcoins and I don't know is true or not.


Title: Re: Satoshi controlling 500'000 BTC
Post by: pinkman12345 on October 12, 2017, 03:48:51 AM
As a creator of bitcoin i believe that satoshi will never think to ruin his own creation by moving his coins from the known address. Even if a single coin is moved from the known address which is believed to be under control of Satoshi will create a havoc and can lead to a massive destruction.
I hope in future this can happen, eventually things are created to create mis happen.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Razick on October 12, 2017, 03:53:49 AM
Satoshi probably does have upwards of 1,000,000 Bitcoin actually. That amount is kind of an illusion though, because it would be almost impossible to sell that many in a short period of time. The value is mostly conceptual due to this. Sure, it is worth ~$5,000,000,000, but in reality he might be able to get a few hundred million of that out before the market tanked hard. So I think generally speaking is the case with most early adopters.


Title: Re: Satoshi controlling 500'000 BTC
Post by: fratad on October 12, 2017, 07:50:08 PM
Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.


Title: Re: Satoshi controlling 500'000 BTC
Post by: gentlemand on October 12, 2017, 07:53:30 PM
Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.


He/they already have and have had it since 2009. We've soldiered on so far despite that and life will continue regardless of what happens.

When you read up about the very early days it's clear Satoshi was super keen to get anyone or anything on board. I'm sure he regarded having that many coins as a prize pain up the arse when it came to Bitcoin's perception.


Title: Re: Satoshi controlling 500'000 BTC
Post by: bitbollo on October 12, 2017, 07:59:00 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

This was an observation that I have read several times in this forum. But there are some facts that help to reply:
- after the last posts here on forum, there aren't any real news about satoshi nakomoto SN (or the inventor of btc).
- no each coins was spends, no one has signed a message with a private key hold by SN.
- there isn't any interest in create an attack on btc itself by SN. "we are all satoshi" this is a system for a better world I don't think there is a malicious way to act.
- we don't know where are these private keys. who knows? :)




Title: Re: Satoshi controlling 500'000 BTC
Post by: Vaflia on October 12, 2017, 08:21:24 PM
As far as I know, coins from addresses that Satoshi would not budge in 2012. It would be funny if he just lost his private keys.


Title: Re: Satoshi controlling 500'000 BTC
Post by: stompix on October 12, 2017, 08:51:45 PM
If Satoshi is alive and still has his keys, he will probably start selling only when there is no bitcoin to mine anymore and it's value so high that 1 Satoshi would equal $1000.00. So I don't think it would sell just at the beginning like it is today !

If one satoshi would be 1000$ , a bitcoin would be worth 100 billions, and all the coins will be worth 210 000 trillions.
Unless we colonize Mars and Europa there is no way for this to happen.

Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.

What power ?
His only power is to blackmail (what?) by selling coins for fiat on the markets in order to drop the price.
Now, who will he blackmail with this? The governments? They don't care.
The exchanges? The bitcoin gambling sites? What could he demand from those ?

Even if he sells all his coins, if he still has them  that is, he will only manage to crash the price briefly and after that all the fear from a dump will be gone forever.

Satoshi probably does have upwards of 1,000,000 Bitcoin actually. That amount is kind of an illusion though, because it would be almost impossible to sell that many in a short period of time. The value is mostly conceptual due to this. Sure, it is worth ~$5,000,000,000, but in reality he might be able to get a few hundred million of that out before the market tanked hard. So I think generally speaking is the case with most early adopters.

Right now just selling 2000 coins will get the price down by almost 700$, so with a sell of 10 000 coins on 3 exchange he will reach the point where he is getting hundreds for a coin or even one dollar per coin.
Dumping 1000000 coins would be overkill and it won't serve him at all.
Besides, the moment those coins start to move the market will react and not in a good way.



Title: Re: Satoshi controlling 500'000 BTC
Post by: cynical on October 12, 2017, 09:06:22 PM
Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.


but who is to stop anyone or any group of people from accumulating such an amount?

Satoshi probably does have upwards of 1,000,000 Bitcoin actually. That amount is kind of an illusion though, because it would be almost impossible to sell that many in a short period of time. The value is mostly conceptual due to this. Sure, it is worth ~$5,000,000,000, but in reality he might be able to get a few hundred million of that out before the market tanked hard. So I think generally speaking is the case with most early adopters.
yes i think once the dumping of those coins happens the market would react and would spiral downward leaving each sale after less valuable than they started with, still hugh profit to be had though and leave the rest of us with nothing.


Title: Re: Satoshi controlling 500'000 BTC
Post by: aplistir on October 12, 2017, 09:16:24 PM
Even if a single coin is moved from the known address which is believed to be under control of Satoshi will create a havoc and can lead to a massive destruction.

Actually some coins from January 2009 and early 2009 has already been moved, and it did not affect the price at all.

How can anyone know with 100% certainty if those really were Satoshis coins or not?
At least if they are not from the first 50-100 blocks..


Title: Re: Satoshi controlling 500'000 BTC
Post by: uszaty43 on October 12, 2017, 09:20:32 PM
If he tries to sell them, he would not be able to sell them because it is too much money, and there is no bank that has that money on fiat to be able to pay for it, if i am not wrong, there is not even that amount of physical cash in a little country. Those are more than 2700 million dollars, it is almost impossible for him to cash out that big amount of money.
But if he does have them on their wallet, is fine, he diserves it because he created all this stuff.


Title: Re: Satoshi controlling 500'000 BTC
Post by: equator on October 12, 2017, 09:26:10 PM
If he tries to sell them, he would not be able to sell them because it is too much money, and there is no bank that has that money on fiat to be able to pay for it, if i am not wrong, there is not even that amount of physical cash in a little country. Those are more than 2700 million dollars, it is almost impossible for him to cash out that big amount of money.
But if he does have them on their wallet, is fine, he diserves it because he created all this stuff.


What you are telling is true but i dont think that he will be fool to do that , even if their is bank who can clear the funds but the market will react immediately and we can see bitcoin price going down back to 1$ level. and even loosing the bitcoin future as no one will be with bitcoin after this.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Andre_Goldman on October 12, 2017, 10:04:18 PM
... after all those years he only made 1 tx ... I can't think a better person (single identity) to keep such amount ... 


Title: Re: Satoshi controlling 500'000 BTC
Post by: MostHigh on October 12, 2017, 10:10:58 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F
Yes I believe is a possibility the developer could be holding because he would probably anticipate where the nature of the coin and how it would affect development and morever if its the developer that is holding such a high percentage of the coin then it should not be such a worry. Its true he could influence the market but if anyone should be able to do that I believe it must be the developer


Title: Re: Satoshi controlling 500'000 BTC
Post by: hurain on October 12, 2017, 10:35:34 PM
Satoshi probably does have upwards of 1,000,000 Bitcoin actually. That amount is kind of an illusion though, because it would be almost impossible to sell that many in a short period of time. The value is mostly conceptual due to this. Sure, it is worth ~$5,000,000,000, but in reality he might be able to get a few hundred million of that out before the market tanked hard. So I think generally speaking is the case with most early adopters.
I think it is not good for bit coin and the expectation from bit coin which can help in poority evaluation will go down to zero as today in the world capitalism is going on throughout the world accept china and other few countries like Russia all the money is in the hand of very few people like bill gates who’s wealth is more than 80% of developing countries so if satoshi has so much bit coin he should make its circulation for the betterment of the people.


Title: Re: Satoshi controlling 500'000 BTC
Post by: stolendata on October 12, 2017, 10:39:47 PM
Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.


but who is to stop anyone or any group of people from accumulating such an amount?

Satoshi probably does have upwards of 1,000,000 Bitcoin actually. That amount is kind of an illusion though, because it would be almost impossible to sell that many in a short period of time. The value is mostly conceptual due to this. Sure, it is worth ~$5,000,000,000, but in reality he might be able to get a few hundred million of that out before the market tanked hard. So I think generally speaking is the case with most early adopters.
yes i think once the dumping of those coins happens the market would react and would spiral downward leaving each sale after less valuable than they started with, still hugh profit to be had though and leave the rest of us with nothing.
Wow if its true he can be in top 10 world most richest people in the line of bill gates and zuker berg because by holding of 500000 bit coin means he have 25 billion dollar in hand while the bill gates have 85 billion and mark zuker berg  have 45 billion dollar. So i think we should try to earn bit coin instead of counting of others people wealth. Satoshi is founder of this currency so he have the right to hold such a huge number of bit coins.


Title: Re: Satoshi controlling 500'000 BTC
Post by: stompix on October 13, 2017, 05:20:25 AM
Wow if its true he can be in top 10 world most richest people in the line of bill gates and zuker berg because by holding of 500000 bit coin means he have 25 billion dollar in hand while the bill gates have 85 billion and mark zuker berg  have 45 billion dollar. So i think we should try to earn bit coin instead of counting of others people wealth. Satoshi is founder of this currency so he have the right to hold such a huge number of bit coins.

If he hold 500 000 coins at a price of 5000 he has only 2.5 billions, do the math right.
Even with 25 billions he would be outside top 30 but with 2.5 he is somewhere between place 800 and 9000 currently.

Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.
but who is to stop anyone or any group of people from accumulating such an amount?

Fortunately nobody.
Why should there be a limit to how many coins somebody has?
Bitcoin is about freedom not about communist ratios where even the apartment you live even was measured and had to comply with standards.Everyone is free to get as many coins as possible if he has the money to buy them, and the price will be dictated by the free market.
If he plans to dump them, he is free to do so, remember that nobody is banning you to sell your coins.
Nobody here wants a reverse Cyprus where you will be able to cash out only 1 bitcoin a day.


Title: Re: Satoshi controlling 500'000 BTC
Post by: btcholder on October 13, 2017, 05:47:04 AM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

Haa haa. Really ?? I don't think so dude. If someone controlling 500k btc then he can control btc value badly. It's not possible to someone control huge amount of btc like this.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Sadnu on October 13, 2017, 05:59:27 AM
If Satoshi Nakamoto holds 500,000 BTCs. Surely he is a billionaire. Because when it is replaced with fiat miney it costs almost 2.5 Billion. So he was hiding and everyone was interested in finding out his personality. Because they want to get the hidden treasure of satoshi. Or control the bitcoins.


Title: Re: Satoshi controlling 500'000 BTC
Post by: centralbanksequalsbombs on October 13, 2017, 06:04:02 AM
Satoshi died years ago and took his private keys to 1mil BTC with him to his grave. Realistic supply max for bitcoin is much lower due to such lost keys.


Title: Re: Satoshi controlling 500'000 BTC
Post by: pat4cryptoreal on October 13, 2017, 06:31:33 AM
If satoshi is still in possession of 500,000BTC it means there is a good motive behind that reservation. Nothing harmful will be done to temper with the set down ideology.


Title: Re: Satoshi controlling 500'000 BTC
Post by: alani123 on October 13, 2017, 06:44:02 AM
Early estimations were projecting that Satoshi had access to 1 million bitcoins. That, of course, doesn't mean that markets are priced taking such information into account. I think that traders completely disregard the notion that someone could be in possession of 1/20 of the asset they own and able to put up on sale however much of it whenever. Satoshi could crash the market down to zero if he indeed had the bitcoins and wanted to but that's not something of a possibility that seems to affect the market sentiment.


Title: Re: Satoshi controlling 500'000 BTC
Post by: diagla on October 13, 2017, 06:54:37 AM
Some people have said he controls even more, like over 1,000,000 Bitcoins. That is a lot!!!


Title: Re: Satoshi controlling 500'000 BTC
Post by: luxcoin on October 13, 2017, 07:25:46 AM
it could be. But do you really care ?
How much money the traditional bank own ?
How about the power of centralised power to even PRINT more money ?

We owe to this guy the possibility to change the world like we have seen it since today. So for his illuminant vision, he could have like 10 times that amount and he has truly gained.

So don't be afraid about his operation - as founder he would never cause any problem


Title: Re: Satoshi controlling 500'000 BTC
Post by: AGD on October 13, 2017, 08:38:44 AM
Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.


I already asked you to explain why you think that Bitcoin could go to zero if Satoshi sells all of his coins, but instead of answering, you are posting the same bs statement again.

You can't explain, because you have no idea.




Title: Re: Satoshi controlling 500'000 BTC
Post by: chip211 on October 13, 2017, 09:23:14 AM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F
As known satoshi is an established group that creates  bitcoins so i think they can hold a bitcoin number greater than 1/20.


Title: Re: Satoshi controlling 500'000 BTC
Post by: bitbollo on October 14, 2017, 06:21:57 AM
... after all those years he only made 1 tx ... I can't think a better person (single identity) to keep such amount ... 

I don't think it's impossible for one persone hold this amount without spending.
He can even mining btc after when price was around 10 $ :D and not just 0 like the firsts blocks :D ... there is an impressive profit even.
Or he can create btc without awareness of the future impact... and not saved the priv key of some address?
There are too many speculations, it's impossible know anymore :) . I Love this alone of mistery behind btc :D


Title: Re: Satoshi controlling 500'000 BTC
Post by: theunbeatable on October 14, 2017, 07:15:18 AM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

Well I think hes really holding a 500000 and up. Hes a genius but there are rumurs that some guy is just cashing out some really big amounts these days. Well if satoshi is a group of people then they will divide it equally but if he is an individual, this will be an issue for the price but still I think he wont let the market gets disrupted by cashing out or else hes just putting a bad name to his reputation. Slowly cashing out is his best option and nit in bulk.


Title: Re: Satoshi controlling 500'000 BTC
Post by: btcbrother on October 14, 2017, 07:21:01 AM
I heard a rumor that Satoshi controls 1,000,000 Bitcoins, not only 500,000. Which one is the truth?


Title: Re: Satoshi controlling 500'000 BTC
Post by: mchaud on October 14, 2017, 04:47:10 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

There is no point for him in selling these as the price would immediately plummet to zero!

Please explain.

(I already know you can't)

What should I explain ? This is very simple reasoning here. Any holder who sees one bitcoin moving from satoshi's addresses (right he could sell the whole address) will immediately panic sell.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Crypdon on October 14, 2017, 07:24:08 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

There is no point for him in selling these as the price would immediately plummet to zero!

Please explain.

(I already know you can't)

What should I explain ? This is very simple reasoning here. Any holder who sees one bitcoin moving from satoshi's addresses (right he could sell the whole address) will immediately panic sell.

LOL, it is true though - they will assume 1 million bitcoins will flood the market. One thing will be verified though, satoshi is still alive!


Title: Re: Satoshi controlling 500'000 BTC
Post by: Shotz on October 14, 2017, 07:26:06 PM
I don't think that Satoshi has ever touched his wallet and if he cares about the future of bitcoin then he shouldn't do so anytime soon.  Even  1 btc transaction would show that he has access to them and could cause panic.  As of now anything is possible.


Title: Re: Satoshi controlling 500'000 BTC
Post by: osasshem on October 14, 2017, 07:30:53 PM
Be who ever, if anybody is holding such a quantity of bitcoin, then the entire crashing of the crypto market is on his hands.


Title: Re: Satoshi controlling 500'000 BTC
Post by: sweetbet on October 14, 2017, 07:37:03 PM
It's all pure speculation. No one knows for sure.


Title: Re: Satoshi controlling 500'000 BTC
Post by: wellsontheja on October 18, 2017, 11:50:37 AM
As i know satoshi is control more than 1 millions bitcoin and it was spreading in around 100 until 200 addres. Well he's father of bitcoin and it's very normal i think too hold bitcoin in big amount like that to control the price of bitcoin
But it's all is pure speculation no one knew for sure.


Title: Re: Satoshi controlling 500'000 BTC
Post by: glowing10 on October 18, 2017, 11:55:56 AM
It's all pure speculation. No one knows for sure.

Exactly as no body known firstly is Satoshi a individual or a institution. Is he still there or not. So this is all mere speculation which is a like spreading a false rumor and nothing more than that. The best is that how much do we own of this space should be more important rather someone else owning would be at this point.


Title: Re: Satoshi controlling 500'000 BTC
Post by: bellaboots on October 18, 2017, 11:56:08 AM
This is one of the features of bitcoin, the blockchain can be inspected by anyone - if anyone starts selling those bitcoin, then its time to ask questions.


Title: Re: Satoshi controlling 500'000 BTC
Post by: btcprospecter on October 18, 2017, 11:57:59 AM
The fact is that no one knows for sure who has control of these bitcoins if they did start moving there could be trouble. It is a massive amount of control someone could have. Satoshi is the champion of holding.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Prince07 on October 18, 2017, 11:58:28 AM
Yes, this can be a problem


Title: Re: Satoshi controlling 500'000 BTC
Post by: hypersonic1 on October 18, 2017, 12:08:38 PM
It's honestly not a big deal considering the cap is in the millions. As the creator it's a nice bump to them. There are worse examples in the USD arena as well. Just let it be.


Title: Re: Satoshi controlling 500'000 BTC
Post by: teamjk on October 18, 2017, 12:32:16 PM
according to an old  post back in 2013


-a single computer solved most of the blocks up to worth 1 M BTC  (at that time total 1,6 m BTC should have probably got mined altogether)
-started from block 0
-and none of these specific btc's were never been spent until oct 2012

Also the research pointed out that mining from this machine mining   disappears in approximately MAY 2010.

so the assumption is that someone did own 1 m btc back then  including the very first one.
What happened afterwards it's anyone guess




Title: Re: Satoshi controlling 500'000 BTC
Post by: bitcoinvestor on October 18, 2017, 12:42:30 PM
Thanks for your answer,

i just watched The Bitcoin Gospel and Roger Ver said that Satoshi is probably controlling 500'000 BTC. If all the world will be adopting bitcoin he can actually control a lot, not just bitcoins at this time. I mean, that's something to think about.
It is possibly true that Satoshi control so many bitcoin because he who mined bitcoin at the first year. Many coins developers do so. When they launch new coins, they have premined the coin before other miners. It is common situation. The question is Who is Satoshi Nakamoto? is he a person, a group or a ghost? Until now there is no fixed answer who Satoshi Nakamoto is.


Title: Re: Satoshi controlling 500'000 BTC
Post by: real eyes realize on October 18, 2017, 01:03:00 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

I think we must always consider about that giant amount of bitcoins. This amount of bitcoin can change the bitcoin's way anytime. There are always extreme possibilities about the bitcoin, so everybody should be sure about that they are trading in a way that will not affect their lives profoundly.


Title: Re: Satoshi controlling 500'000 BTC
Post by: jkoin on October 18, 2017, 01:07:36 PM

Perhaps you are right, it can be a problem if a group of people or Satoshi himself decide to bring these bitcoins into the market. But it seems to me too early for this event. Such turns are needed for a large coup in the crypto industry. If it does, it will happen only after 3-5 years, not earlier. ;)


Title: Re: Satoshi controlling 500'000 BTC
Post by: Lumen111 on October 18, 2017, 01:32:26 PM
In the cost of bitcoin, there is already a risk of entering the market 1mln.


Title: Re: Satoshi controlling 500'000 BTC
Post by: jekjekman on October 18, 2017, 01:55:10 PM
Thanks for your answer,

i just watched The Bitcoin Gospel and Roger Ver said that Satoshi is probably controlling 500'000 BTC. If all the world will be adopting bitcoin he can actually control a lot, not just bitcoins at this time. I mean, that's something to think about.
It is possibly true that Satoshi control so many bitcoin because he who mined bitcoin at the first year. Many coins developers do so. When they launch new coins, they have premined the coin before other miners. It is common situation. The question is Who is Satoshi Nakamoto? is he a person, a group or a ghost? Until now there is no fixed answer who Satoshi Nakamoto is.

Even if a single person holds that huge amount coins he will not release that coin.

It is really possible that the developers have their own chunk of the coin but why are you going to ruin something
that you created specially if you know that it has a brighter future.

It's true that there were only several people who was involved in the development. Well as always the early bird always catch the worm.

If you know how to do it, you can read conversation between Satoshi Nakamoto and Hal Finney about bitcoins development and even mining as early as 2010 on this forum.


Title: Re: Satoshi controlling 500'000 BTC
Post by: tranle789 on October 18, 2017, 02:02:47 PM
No one can know how many Bitcoins are created because the creator may have kept a lot of Bitcoins and we can not know where he is. I think people should believe that he can appear anytime because if he comes there will surely be a boom in the Bitcoin market.


Title: Re: Satoshi controlling 500'000 BTC
Post by: yishak on October 18, 2017, 02:05:06 PM
Having 500,000 Bitcoins sure is a lot but satoshi is not the only one who could own such amount of bitcoin, any early adopter of bitcoin could have 500k bitcoins. During the early days of bitcoin 500k bitcoins was worth around 1000USD , so its possible that not even satoshi but any one could have that much btc.


Title: Re: Satoshi controlling 500'000 BTC
Post by: okissabam on October 18, 2017, 02:18:42 PM
It would be a huge problem if someone would hold that amount of bitcoin for control, seems like the government trying to control the supply of money running around. But if ever Satoshi Nakamoto is indeed holding that huge amount now then we really can't do anything about it if he wants to control bitcoin because he created it in the first place.


Title: Re: Satoshi controlling 500'000 BTC
Post by: DRVX on October 18, 2017, 05:35:18 PM
Having 500,000 Bitcoins sure is a lot but satoshi is not the only one who could own such amount of bitcoin, any early adopter of bitcoin could have 500k bitcoins. During the early days of bitcoin 500k bitcoins was worth around 1000USD , so its possible that not even satoshi but any one could have that much btc.

But they will for surely sell it on price 10$ or 100$. But to hold it till 5000$ it is crazy.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Nomad88 on October 18, 2017, 05:41:29 PM
Satoshi is holding huge amount of coins, but I don't see that as a risk fork Bitcoin. There is a lot which we don't know about that story. It might not even be a one person. If he is, i don't believe that he will ever spend those coins. We have not heard anything from him for several years, which means he might not even be alive anymore. One thing for sure, he would never do something that would damage Bitcoin.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Hazaki on October 18, 2017, 05:46:13 PM
These are false infos about satooshi who is known as " bitcoin's creator" . In fact a list containing the 10 wallets having the biggest bitcoin reserves have been published lately and the biggest one held a bit more than 158k bitcoins.


Title: Re: Satoshi controlling 500'000 BTC
Post by: stompix on October 18, 2017, 06:12:56 PM
Thanks for your answer,

i just watched The Bitcoin Gospel and Roger Ver said that Satoshi is probably controlling 500'000 BTC. If all the world will be adopting bitcoin he can actually control a lot, not just bitcoins at this time. I mean, that's something to think about.
It is possibly true that Satoshi control so many bitcoin because he who mined bitcoin at the first year. Many coins developers do so. When they launch new coins, they have premined the coin before other miners. It is common situation. The question is Who is Satoshi Nakamoto? is he a person, a group or a ghost? Until now there is no fixed answer who Satoshi Nakamoto is.

bitcoin was not premined.
Everyone was free to mine alongside satoshi but it took  lot of time to get people convinced to join.

Premined shitcoins are made like that from the start.


These are false infos about satooshi who is known as " bitcoin's creator" . In fact a list containing the 10 wallets having the biggest bitcoin reserves have been published lately and the biggest one held a bit more than 158k bitcoins.

10 000 addresses with 50 btc are worth more than a single one with 150k.

No one can know how many Bitcoins are created because the creator may have kept a lot of Bitcoins and we can not know where he is. I think people should believe that he can appear anytime because if he comes there will surely be a boom in the Bitcoin market.

Everybody knows how many bitcoins are created.
Back to the newbie section with you .


Title: Re: Satoshi controlling 500'000 BTC
Post by: EUROPEANTURK on October 18, 2017, 06:25:27 PM
It is not surprise for me , when i look at trading movements i can see someone control to bitcoin's price and i can see someone stop price drop or i can see someone stop fast price rice , the person can be Satoshi .


Title: Re: Satoshi controlling 500'000 BTC
Post by: bob123 on October 18, 2017, 06:29:19 PM
No, bro. Satoshi controls more than 1 millions bitcoin and they spread in around 100-200 addresses. Well, He is the father of bitcoin and therefore, I believe that he will never do such thing that can harm bitcoin such as selling all bitcoin at a time. Therefore, there is nothing you need to worry in this case. maybe he is holding it like a gift or something like that

I think even if he started to move 1 small satoshi from his (watched) addresses.. this will harm the market pretty strong.
I think the best would be if those coins would never be touched by anyone.
If all of those coins would be put on an exchange the price would immediately drop (extremely).


Title: Re: Satoshi controlling 500'000 BTC
Post by: blockman on October 18, 2017, 06:41:11 PM
It's a problem when there will be a certain group that controls totally a lot of bitcoin because they can just simply manipulate the market. But having 500,000 BTC I don't know if he/they are totally holding that much of bitcoin because if I were the one to have those bitcoins I'm going to be freaking crazy and will just watch the price of bitcoin increase and later on will just sell maybe 1% of it just for having fun. It's a problem because they have the advantage of it and while us, small time traders will just go with the flow.


Title: Re: Satoshi controlling 500'000 BTC
Post by: SimonJones on October 18, 2017, 07:02:11 PM
Satoshi will soon become the first trillionaire - faster than Bill Gates!


Title: Re: Satoshi controlling 500'000 BTC
Post by: maku on October 22, 2017, 04:50:42 PM
1. It is really hard to estimate how many coins Satoshi owns. Many people believe that it is around 1 million to 1,7 million of BTC.
2. So far he/she/they haven't moved the oldest coins and we never registered an attempt to sell/exchange these coins.
3. In case Satoshi or whoever who will get access to his stash will try to sell these coins the market will most likely react allergically and the price will crash.
4. Even if that would happen, we will recover after some time, as people will most likely repurchase all Satoshi's coins.


Title: Re: Satoshi controlling 500'000 BTC
Post by: DRVX on October 24, 2017, 04:23:44 PM
Satoshi will soon become the first trillionaire - faster than Bill Gates!


Hahaha. He will just sell bitcoins slowly, so nobody will know what is happening.


1. It is really hard to estimate how many coins Satoshi owns. Many people believe that it is around 1 million to 1,7 million of BTC.
2. So far he/she/they haven't moved the oldest coins and we never registered an attempt to sell/exchange these coins.
3. In case Satoshi or whoever who will get access to his stash will try to sell these coins the market will most likely react allergically and the price will crash.
4. Even if that would happen, we will recover after some time, as people will most likely repurchase all Satoshi's coins.

Yes you are writing interesting things! Price will dumping, but still this will not kill bitcoin! Just for 1-2 or maybe 3 years it will cheap bitcoin price. But nothign will happen with perfect algorytm of bitcoin!


Title: Re: Satoshi controlling 500'000 BTC
Post by: AverageGlabella on October 24, 2017, 04:27:01 PM
Having 500,000 Bitcoins sure is a lot but satoshi is not the only one who could own such amount of bitcoin, any early adopter of bitcoin could have 500k bitcoins. During the early days of bitcoin 500k bitcoins was worth around 1000USD , so its possible that not even satoshi but any one could have that much btc.

There isn't too many wallets which own that amount. thats literally like 5% of bitcoin


Title: Re: Satoshi controlling 500'000 BTC
Post by: G2z_Riya on October 24, 2017, 04:29:46 PM
He has innovated it and so I don't find anything bad on his control over 500000 btc. In reality this doesn't look to be an acceptable information, already he himself is hidden, which is to avoid issues that governments arise against him, because lot of banks went into loss after the innovation of bitcoin.


Title: Re: Satoshi controlling 500'000 BTC
Post by: neo444 on October 24, 2017, 04:39:27 PM
I think without satoshis is very difficult to find faucets of bitcoin and very difficult to find sites who can win with it bitcoin


Title: Re: Satoshi controlling 500'000 BTC
Post by: 13abyknight on October 24, 2017, 04:42:55 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

This isn't the case of Ethereum where the lead developer Vitalik Buterin is holding over 500k+ Ether which has been mostly confirmed. Satoshi is believed to be holding around 5.7% of the circulating supply of Bitcoin which makes him a billionaire by itself but I'm sure even he wouldn't have predicted Bitcoin to rise this much and yeah since he's been MIA ever since, all of the money is literally lying on a wallet over there so it doesn't make much of a difference unless it becomes diluted into the market.


Title: Re: Satoshi controlling 500'000 BTC
Post by: jc89 on October 24, 2017, 06:54:51 PM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

Whoever holds and controls that much btc, whether it's satoshi or other person, is really disturbing. Imagine him controlling or should I say playing the price of btc, selling at least 10btc will have an impact with the price, what more if he just sell hundred or a thousand btc out on a whim. That person isn't just a whale, he is playing BTC god who can crash all the whales out there. Gives me goosebumps just by thinking of it!


Title: Re: Satoshi controlling 500'000 BTC
Post by: joseafonso123az on October 24, 2017, 07:19:55 PM
Believing that he is the creator of satoshis, is not so strange that he owns so much BTC. The proble would rise if after the price of BTC rises a lot, say 1BTC= 1000000USD and he dumps everything he has, than yes, this might affect directly the BTC market, and shake it up a bit, making its value also decrease. Hopefully he wont just do that, and he as creator of this, wont take such wrong steps!


Title: Re: Satoshi controlling 500'000 BTC
Post by: DRVX on October 25, 2017, 08:44:51 AM
Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

This isn't the case of Ethereum where the lead developer Vitalik Buterin is holding over 500k+ Ether which has been mostly confirmed. Satoshi is believed to be holding around 5.7% of the circulating supply of Bitcoin which makes him a billionaire by itself but I'm sure even he wouldn't have predicted Bitcoin to rise this much and yeah since he's been MIA ever since, all of the money is literally lying on a wallet over there so it doesn't make much of a difference unless it becomes diluted into the market.

And can you say 500k of ethereum is how much of percentages of all ethereum coins?
Bitcoin is the mystery of 21 centure. It changing world fully! It is a new era of humanity!


Title: Re: Satoshi controlling 500'000 BTC
Post by: IgniHash on October 25, 2017, 08:57:04 AM
 I am still curious, where is he now? is he real person? i am still believe that Satoshi is not a person, they are an BIG organization.


Title: Re: Satoshi controlling 500'000 BTC
Post by: Dart18 on October 25, 2017, 09:00:53 AM
Question answered by one more question.
If that is going to be problem then why the hell did we reach this damn value now?
It could have been stopped from the very start if we know there is greater risk that soneone could just his large amount of coin.
From the very start it will not be trusted.
If he do have that then so what? He did hold it and have the patience to not withdraw it even the price is going to make him rich now.


Title: Re: Satoshi controlling 500'000 BTC
Post by: CryptotradeGMO on October 25, 2017, 09:01:49 AM
When its true, then it can affect much the price of BTC.
If he or she will sell all Coins the other Investors will get scary too


Title: Re: Satoshi controlling 500'000 BTC
Post by: fratad on October 29, 2017, 02:15:54 PM
Roger Ver confirms that int "the Bitcoin Gospel" documentary. You can find it on youtube


Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

hey where do have this info???? news or only from you
stop make thread like this