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Author Topic: How do we really know how many bitcoins does satoshi have?  (Read 298 times)
BlackHatCoiner (OP)
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July 23, 2020, 08:12:57 AM
 #21

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This greed some people have is so annoying. Like, if he is holding his coins (or forgot them) and will never use them again, consider them a donation for everyone as he said himself. If he ever dumps them all, consider it another positive aspect as more than probably a million BTC would be redistributed. Any way you take it, it's a positive thing imo. But why do people hope so much that he doesn't have a single coin anymore? Do you deserve yours more than he deserves his?

It's not greed (only). It's the mysteriousness this guy has. We, all, know that he will never spend his coins but we also know that he can. I haven't read any post that a person hopes satoshi hasn't any bitcoins tho.

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July 23, 2020, 08:28:20 AM
 #22

According to recent research done by famous service Whale Alert, Satoshi has more than 10 billion in today's dollar terms. In their article they claim they were able to accurately estimate the exact number of blocks mined, the exact heights of blockes mined and hence the exact amount of bitcoins Satoshi recieved through mining process, which is 1,125,150 bitcoins. The also came to conclusion that Satoshi's main goal behind the necessity of mining so many bitcoins was to defend the young network from attacks rather than getting rich from mining.

Source: https://medium.com/@whale_alert/the-satoshi-fortune-e49cf73f9a9b

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July 23, 2020, 08:34:38 AM
 #23

First of all I don't know why such information would be relevant for anyone here and why would any user of this forum need to know how many coins Satoshi has. To my opinion that is privileged information and not something that should be shared in public
I think that information how much Bitcoin Satoshi has will remain unknown as well as true information about his identity.

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July 23, 2020, 10:45:23 AM
 #24

It's not greed (only). It's the mysteriousness this guy has. We, all, know that he will never spend his coins but we also know that he can. I haven't read any post that a person hopes satoshi hasn't any bitcoins tho.
I guess the mystery is part of Bitcoin's beauty. As I said, if he ever wants to sell that huge stash of BTC, wealth inequality will basically decrease. If he doesn't, it'll be considered part of the "lost/dormant BTC" bag. After all, it could be a big stash of coins he may even give his following generations to use. But if one is questioning/concerned about the fact that Satoshi may own a lot of coins, it indirectly tells there's a fear underneath that he may sell one day.
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July 23, 2020, 10:50:08 AM
 #25

First of all I don't know why such information would be relevant for anyone here and why would any user of this forum need to know how many coins Satoshi has. To my opinion that is privileged information and not something that should be shared in public
I think that information how much Bitcoin Satoshi has will remain unknown as well as true information about his identity.
Well, it's easy to see how this can be important to many people. Even if we don't know the identity of the person (btw I'm honestly tired of how 99% of the time people assume Satoshi is a guy even though half of humanity is female, not to mention that there are people with other gender identities beyond this opposition), some believe it's possible to make estimations of how many bitcoins Satoshi has. If it's one person or a small group of people, and they own the hell lot of bitcoins (as it's usually assumed), then even without their identities we can know that there's someone out there who can change the market state at any point by simply selling all those coins. It would not help much to know this because nothing can be done about it, but it's a big part of an answer to the question about whether one person or a small group can manipulate the price of Bitcoin.

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July 23, 2020, 11:16:38 AM
 #26

Since we know very few things about that person, I don't get how we assumed that he has 1.000.000+ million bitcoins. Did we? Or there's a proof? Because even on 2010-2012 (last years that was active and the bitcoin network didn't need that much CPU) he would need to mine at least 20.000 blocks. Aren't they too much?
I think the issue is very controversial and controversial. We can’t know anything for sure, given that we don’t even know Satoshi’s identity ... I guess at this rate, we don’t know anything and Bitcoin will be replaced by another, more secure and faster currency, but this is not certain
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July 23, 2020, 12:25:22 PM
 #27

We never know how much he is holding, it's not an ICO where we know how much of the supply the team will own.
Though I read some article that satoshi is holding at least 1 million bitcoin, but it's not confirmed, never will be, but I'm sure he is the top holder.

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