Bitcoin Forum

I am curious, if Satoshi Nakamoto has 1.1 million bitcoin but he has not touched even a single bitcoin. This something interesting. Why Satoshi Nakamoto has not spent even a single Bitcoin ? 

Can any one hack into his Wallet ?

There is no proof that satoshi has that number of bitcoins. Any number you hear is only a guess.


No. Bitcoin private keys are secure enough.

For security reason perhaps? With thousands of people including the government has eyes on you, don't you want to hide in the shadows especially if people guessed that somehow you are holding millions of bitcoin held in thousands of bitcoin addresses^[1]? The article below is just a guess of other bitcointalk member -- so take it with a grain of salt.

[1] https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

 

Only rumors but who knows if this is actually true.  A creator should leave something for himself I guess.  Also maybe he doesnt want to boil the economy by using his bitcoin.  We dont even know if his still alive or well to spend that.  But I am gonna be thrill if one day he really go back again and make a move.

What if Satoshi even has more than that amount of bitcoin? Nobody knows that, bitcoin can be mined anonymously. If Satoshi is truly a single person, he could have mined more bitcoins and leave that 1.1 million bitcoin for good by not having the private key to the wallet again. If Satoshi is a group of people, they might have concluded to just destroy the private key that can be used to spend the coin so they can separately start to mine their own bitcoin.

Private key is safe and can not be hacked if not stolen and seen by another person.

https://i.imgur.com/VjtG3.jpg

Also Satoshi has the knowledge to protect themselves from cyber attack.

Who said he didn't? He did spend at least 10 BTC.
Remember, he did sent the first ever Bitcoin transaction, 10 BTC to Hal Finney: https://mempool.space/tx/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16


Whether he did monetize or not some of his BTC, we don't know and we will never know. Keep in mind that he "disappeared" early. I do hope that at some point he did mine more secretly or buy bitcoin very cheap and now he's enjoying life (if he's alive, that is).

He's presumed by a lot of people to be dead. But it's pretty much anyone's guess.


Satoshi's wallets can only get hacked if he made a mistake with his wallet security, causing the keys to be accessed by someone else. But assuming how technically literate Satoshi is, it's very unlikely to happen.

No member here, or any other person knows why, it is impossible to know why someone else has not spent any of their coins for sometime, unless the person tells you the reason why, other than that one can only speculate. With all the investigations trying to discover who Satoshi is, nobody has be able to find out who he truly is, let alone know why he has not moved any bitcoins from those addresses since the world stopped hearing from him; maybe he has other addresses that people have not been able to link to him and he spends from there, and in order to hide his identity he would not want to move coins anymore from addresses that are suspected to be his. The mystery behind the creator of bitcoin is huge, and i don't try to know too much about him, i just concentrate on the network he created.

Interesting fact.

It's mean Satoshi Could be one of the early miner. I have looked through the Bitcoin Wikipedia and Satoshi Nakamoto Wikipedia, also I have noticed that more than 16 people are thought to be Satoshi Nakamoto. Most of those people denied, except one man, who has been nick named as Faketoshi Dr Craig S. Wright of Australia. But he has failed to prove that he is Satoshi.

I am curious to read more about Bitcoin history instead of Bitcoin story. There are so much false story out there in the Web regarding Bitcoin and its inventor Satoshi Nakamoto.

I am just a Monk, a Digital Monk. I have expertise on numerical computation.

Now Bitcoin mining mechanism supposed to be based on numerical computation logic and math but I see its opposite in the Bitcoin mining which is rewarded numbers Bitcoins to each manner.

Did Satoshi set a mining standard based on math ?
What is the proof that Bitcoin is mined logically ?

There is no doubt that Satoshi has mined bitcoin in the early days. But no one knows how many bitcoin has been mined by Satoshi.

To mine bitcoin, you must solve a mathematical problem which is called proof of work. That problem is solved through brute-force method and anyone (or a group of people) who finds the solution faster than others can claim the reward.

There's a possibility he's bitcoin creator, but if you are worried about he will dump it anytime soon, well maybe this will not gonna happen since most provably we will see bitcoin prosper. Even if we don't know where Satoshi is but most provably he is happy now seeing that his creation change the world and maybe he will not let it die anytime since this could be a game changer economically in future.

Seen from the perspective of a society that measures everything by value, and through all crypto projects whose sole purpose is to maximize profit, it seems very strange to most when they read speculations about how much Bitcoin was allegedly mined by Satoshi, and that they are still intact. But whoever Satoshi was, I guess it should be clear to everyone that he didn't do it to get rich, although of course it's hard for most people to understand.

It should also be taken into account that Satoshi was the first person to mine and that he had no other way to test and remove all possible flaws and vulnerabilities, and the reward per block was as much as 50 BTC. Under such circumstances, it was very easy to mine a large amount of BTC in a very short time and it simply could not be avoided.

Yes — someone had to initially run mining software for the protocol to actually run/work, and obviously it would be the creator (Satoshi) himself/herself.

Actually we Don't know what's the truth is because all of that is from rumors from other people around the world  but If Satoshi have that 1.1 million BTC or more than that amount and if he still alive until now then for sure he enjoying the moment of being rich. But as I said and other said we don't know the reality if he/she is alive or died . And also we don't know that if Satoshi is a group of people or single person.

Even if he has 2 million Bitcoin mined I am not worried at all because that man is a visionary, someone who wants the best for human race, government only want to control everything and manipulate the masses but this man found a way.

There are well-known addresses dating back to the beginnings of mining, each containing 50 bitcoins, and the prevailing belief is that all or most of them belong to Satoshi.
Many opinions agree that the founder of the idea of ​​Bitcoin based on a block of chains (blockchain) is not just one person since it is actually a complex matter. Therefore, the controller of these addresses cannot be one person, and it can be recognized that any of those addresses , if it is used again , will reveal the identity of its owner, which is what no one wants , to maintain the decentralized philosophy of the protocol .

He never said anything about how many coins he has and what he may or may not do with them. And he stopped all activity many years ago. So no one will answer that question, we can only make guesses. One explanation is that Satoshi is dead and his keys are lost forever. Another explanation is that Satoshi doesn't want to attract attention and doesn't need billions of dollars. Or maybe he is actually selling relatively small amounts of coins under the radar.

How did you even get this information? Every now and then we see a member bringing up a discussion about Satoshi Nakamoto that they know nothing about, first if you would accept it is that no one knows who Satoshi nakamoto is and they are chances he isn't just one man, and even if he is he is so discreet about his personality and would definitely not give away information concerning the content of his bitcoin wallet.

Thanks for saying this one.
I thought all the time that Satoshi really has a million Bitcoins. Well Satoshi might have but there are no proofs to it since when I look at the first transaction, there is no inputs to it. Lesson learned :)

Transaction from wallet: 12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S - Senders
End to wallet: 1Q2TWHE3GMdB6BZKafqwxXtWAWgFt5Jvm3 - Recipients

If the wallet really belongs to satoshi when sending 10 bitcoin to Hal Finney, then I can actually see the wallet is still actively accepting bitcoin as of now where the last transaction occurred one week ago. There is 18.43878748 BTC in the wallet currently but no more outgoing transactions right now.

https://blockchair.com/bitcoin/transaction/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16

https://blockchair.com/bitcoin/address/12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S


What this really the satoshi wallet?

Not exactly, the math is involved in it. Basically the mining is based on probability. We have a number called target that is the highest value a block header hash can have. The miners construct the header and compute its hash. Then they continue making small changes in that block to compute the hash again and again until the result is smaller than or equal to that target.
This target is adjusted every 2016 blocks in a way that the time it takes to mine the next 2016 blocks be 2 weeks.

There is no proof that the wallet had up to 1 million coin at any time and the wallet is as old as bitcoin itself with the last sent coin in 2009. So where does the rumour of the 1 million bitcoin possesion comes from? I still believe that satoshi is not an individual, its a group of people. If he has the forum then there are chances the forum members related with him at a point and know his whereabouts?

This is most probably not the Satoshi wallet, instead, one of the many addresses from his wallet(s).
But as said, which are his wallets (or addresses) and how many bitcoin he actually own are all speculation and educated guesses, nothing is known for sure.

So far the numbers are just speculation as we never really know how many bitcoin he has. Satoshi clearly has a way of keeping his privacy so that people don't easily find out how many bitcoin he has. I'm sure he has multiple wallet, so even if someone finds out about one, they probably won't find the other.

I think otherwise, a single person satoshi is not a group of people and even if we convince one of them to be right, then I don't think we have any evidence to vouch for its veracity. My logic about satoshi is, he is one person considering it is very impossible for a group of people to share the same idea through one account called satoshi (https://bitcointalk.org/index.php?action=profile;u=3).

I also don't think it's his only wallet, so it must be one of the many purses that satoshi has.

I think everything about Satoshi is much of anonymous than you ever think of, how will you know his exact holdings when he himself is unknown, he is a diplomatic person that is not too loose in revealing his personal affairs to others of which is expected of us all to maintain privacy in most of our doings


I don't think that is possible, can you know a function more than the inventor of it? He's far beyond what an ordinary person could do, this is one of the reasons that birth to the creation of bitcoin to be successfully launch amidst many we attempted to create a digital currency that all summoned to failure, Satoshi is far beyond what you're thinking.

No, I don't think someone is capable of hacking his wallet because satoshi really knows what he has to do to close the gap for hackers who want to hack his wallet. In fact he's been pretty good at hiding for years, his privacy is well guarded so you can also expect something solid about his wallet security.

It is safe to think that the wallet cannot be hacked if the bitcoin owner does nothing wrong. But there is always the possibility for anyone to lose access to the wallet if they do not back up their wallet properly and securely.

You could be curious as well if the pioneer have 1BTC at all or if he had and have spent it all. Unfortunately, no one cam tell as we've got zero links or ties to the ever synonymous Satoshi Nakamoto. Perhaps this is one of his or her or there ways of ensuring bitcoin remains safe for all and I like the idea.

Speaking of hacks? Have you been paying attention  to threads on securities on the forum, you might not have to be asking this question if you had as, wallet addresses that comes with seed phrases or private keys are not wallets you can hack. You might succeed with an exchange but, not with wallets.

I read that only 21 million btc were created, It doesn't settle well with me to think that satoshi has 1.1milion already of that btc, I don't think the information is correct, it is just a wild speculation.

The 21 million is the total supply of bitcoin and not all of them have been generated yet.
Till now, around 19.1 million bitcoins have been generated.


Although that's possible, you are right. There is no proof of that.

Doesn't matter the security everything can be vulnerable and still change even for a secure bitcoin address to be hacked who knows maybe this happens one day because in our world everything is possible but the chance is too low, regardless of that, I guess many people tried to hack a bitcoin wallet address but failed every time, Also what we know about bitcoins owned by Satoshi is just a guess and none is sure about the real amount of bitcoins he owns, and theoretically, the reason of why he doesn't touch the bitcoins can be because of his own security I my own idea

All this are just fallacies to cause Fud, Satoshi owns bitcoin but no one knows the exact amount he owned, and even if eventually you get to know about his wallet its absolutely hard to hack it, we've had several cases of people who lost their private key and has only their wallet address and still yet they can't access their wallet, so it's totally impossible to hack any bitcoin wallet if the third party does not accept a trojan or any form of attack for the hacker to get access into his wallet

Well, I believe you must have already answered your question... but to complement, in fact this is an unknown, we don't have anything concrete to be able to know the amount of Bitcoin that Nakamoto owns , this is just speculation.

And yes, in my opinion, there is a possibility that Satoshi Nakamoto has 1.1 million Bitcoin, or maybe, even more.
What we don't know is the exact amount he has