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Author Topic: Satoshi's Fortune lower bound is 100M USD(DEBATE GOING ON, DO NOT TWEET!)  (Read 127176 times)
franky1
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April 30, 2013, 04:49:52 PM
 #141

its not a scam. your just not the first one to have mined it. i wouldnt say your too late, im just saying your mad for not being in earlier

in 7 years time some noob will come along and say "hang on in 2009-2020 there were millions of people mining bitcoin, theres only 3 million coins left - its been premined"

same as all the gold miners in 2013 are shouting most of the world has been premined. its not the previous miners fault or the egyptian/native americans fault for being the first to find value in gold. its only the complainers fault for not being there in the early days.

so stop complaining and make one simple decision.

join the new economy known as bitcoin or stick with fiat and keep blaming others.

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Etlase2
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April 30, 2013, 04:57:27 PM
 #142

join the new economy known as bitcoin or stick with fiat and keep blaming others.

False dilemma[/size]

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May 01, 2013, 12:27:05 AM
 #143

same as all the gold miners in 2013 are shouting most of the world has been premined.

Less than half of the gold has been mined. Most of it is still in the earth, and that is only including sources currently accessible to us.
Peak gold is believed to be after 2020.
franky1
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May 01, 2013, 12:40:41 AM
 #144

same as all the gold miners in 2013 are shouting most of the world has been premined.

Less than half of the gold has been mined. Most of it is still in the earth, and that is only including sources currently accessible to us.
Peak gold is believed to be after 2020.

most of the WORLD has been mined, Eg geographically there is not one country that has not been searching for gold. never said most of the gold.

but the point is even in the gold mining industry there are a few gold haters saying there is not much left and hating the fact that they have to use excavators to get at it instead of a bucket and spade like in the days of the wild west/victorian era. or earlier

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
ElectricMucus
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May 01, 2013, 12:55:44 AM
 #145

same as all the gold miners in 2013 are shouting most of the world has been premined.

Less than half of the gold has been mined. Most of it is still in the earth, and that is only including sources currently accessible to us.
Peak gold is believed to be after 2020.

most of the WORLD has been mined, Eg geographically there is not one country that has not been searching for gold. never said most of the gold.

but the point is even in the gold mining industry there are a few gold haters saying there is not much left and hating the fact that they have to use excavators to get at it instead of a bucket and spade like in the days of the wild west/victorian era. or earlier

No you are looking for an easy way out.
There is gold everywhere still, it is just not as accessible as before, the mining industry is rather efficient.

Comparing BTC mining to gold just doesn't work out. There is no hubbart peak in bitcoin, just an ever decreasing supply rate.
thejaytiesto
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April 16, 2015, 02:20:01 PM
 #146

Seems that Bitcoin is a premine scam if true.

I would like to know if any of those premined blocks where touched in front of major crashes. How can I find an answer for this question?
Nope, it just means no one cared to mine in the early days because mining was absolutely useless back then (you were mining 0 USD BTC).
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September 11, 2015, 08:50:10 AM
 #147

100M USD wow. i think satoshi needs to come out of the closet and do a huge giveaway for the community.  Cheesy

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December 02, 2015, 01:20:50 AM
Last edit: December 02, 2015, 01:39:33 AM by defconone
 #148

So can i have a wallet address Satoshi used?
And what program did Satoshi use? CGMiner 0.1?
saturn643
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December 02, 2015, 03:31:15 AM
 #149

So can i have a wallet address Satoshi used?
Get any address used in the coinbase transactions of the first several blocks

And what program did Satoshi use? CGMiner 0.1?
No, that software didn't even exist until much much later. He used Bitcoin Core (actually just called Bitcoin when announced, it was the software that he wrote himself) mining capability to cpu mine.
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December 02, 2015, 04:22:51 AM
Last edit: December 02, 2015, 04:33:29 AM by Vipul982
 #150

Hi Satoshi,

If this is true, then please send me some 5 to 10 bitcoins :p
..|..|...
see, I didnt recieve any.. Its just a speculation..

But this is an amazing invention of all time, so if he has it then he deserves it Smiley
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September 30, 2017, 06:00:23 AM
 #151

Of course, satoshi tested it first, mined some blocks alone, tested transfers, fees, and sure he did hold.
That's might be one reason for him to keep quite at this time, people would ask about his premine.
By the way 1M BTC would be 4.2 Billion USD, that's a year budget for mongolia.

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Anarc Senior
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November 06, 2017, 01:43:14 AM
 #152

Of course, satoshi tested it first, mined some blocks alone, tested transfers, fees, and sure he did hold.
That's might be one reason for him to keep quite at this time, people would ask about his premine.
By the way 1M BTC would be 4.2 Billion USD, that's a year budget for mongolia.

You and I are very late comers 😂-  and,  it would be 7.46 billions USD as of today 11/5/2017 😊.

In my very humble opinion: 

1). As some have already pointed out - too much assumptions that Satoshi is in this simply for the money is very disrespectful and insulting to the good gentleman...

2). I wish I own more BTCs - and if I do, I wouldn't worry about the temporary crashes in value of BTC due to the sell off.  That would disregard all the fundamental concepts  of why BTC/ blockchain has become quite successful in the first place...we could use a few crashes from the dump, so average folks like us can afford some more BTC...
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November 06, 2017, 02:51:48 AM
 #153

Of course, satoshi tested it first, mined some blocks alone, tested transfers, fees, and sure he did hold.
That's might be one reason for him to keep quite at this time, people would ask about his premine.
By the way 1M BTC would be 4.2 Billion USD, that's a year budget for mongolia.

You and I are very late comers 😂-  and,  it would be 7.46 billions USD as of today 11/5/2017 😊.

In my very humble opinion: 

1). As some have already pointed out - too much assumptions that Satoshi is in this simply for the money is very disrespectful and insulting to the good gentleman...

2). I wish I own more BTCs - and if I do, I wouldn't worry about the temporary crashes in value of BTC due to the sell off.  That would disregard all the fundamental concepts  of why BTC/ blockchain has become quite successful in the first place...we could use a few crashes from the dump, so average folks like us can afford some more BTC...

This maybe completely irrelevant to the original topic but the "waiting for the dump" strategy never works. It never goes down long enough to time it. Now the dips will be much harder to time because of the futures trading announcement. So, the best way is to fix some amount per month. Divide it in a total of 8 days for 2 days/ week.
Buy that whenever there is a dip. Of course put some buy orders at coinbase and other exchanges if you're in the US and can afford to lock that money.
Finally, Hail Satoshi. That must have been some man to leave those BTC untouched all this while and be completely anonymous. We'll never know. Undecided

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amishmanish
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November 06, 2017, 02:55:34 AM
Last edit: August 09, 2019, 08:59:19 AM by amishmanish
Merited by vapourminer (1)
 #154

So can i have a wallet address Satoshi used?
And what program did Satoshi use? CGMiner 0.1?
These are the few early addresses:
1BBz9Z15YpELQ4QP5sEKb1SwxkcmPb5TMs contains 11 out of the 32 (Not touched since 14-01-2009)
1BDvQZjaAJH4ecZ8aL3fYgTi7rnn3o2thE contains 1 out of 32 ( Not touched since 12-01-2009)
1DUDsfc23Dv9sPMEk5RsrtfzCw5ofi5sVW contains 10 out of 32 ( Not touched since 12-01-2009)

Here's a link to an awesome topic about Satoshi's and Hal Finney's first transaction: (You'll have to scroll up as the link i found from my post history will only take you to my post)

https://bitcointalk.org/index.php?topic=2346992.0

EDIT: Corrected the link to point to the actual post rather than my message, now that i know how to do it.. Roll Eyes

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January 05, 2019, 11:28:54 AM
 #155

Was there ever a conclusion to this? I think Sergio's original quest is interesting. Would love to see the most up-to-date archaeological study
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January 05, 2019, 12:49:27 PM
 #156

I've estimated a lower bound of current Satoshi's fortune. My estimation is that he owns more than 1M BTC, or 100M USD at current change.

It is impressive, isn't it?
That's a good reason to stay anonymous!

He needs to remain anonymous anyway. This is all the power of Bitcoin. No manipulation to affect the coin. I think Satoshi knows the real value of his creation in the future. This is just the beginning. The price will continue to grow further and then it will have more than all the rich people in the world combined.

Probably he has some plan to capture the world. After all, the one who controls the money can do a lot.
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October 16, 2019, 03:20:08 PM
Last edit: October 16, 2019, 03:50:33 PM by satoshyknew
 #157

Sergio, maybe Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain and that each 'black branch' in the picture of your wonderful work https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/ represents one solution.
https://bitcointalk.org/index.php?topic=5150688.0
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November 12, 2019, 03:28:07 PM
 #158

I've assumed:

1. Satoshi mined almost alone from 1/3/2009 to 1/25/2010 (block 0 to block 36288). This assumption is based on the Total Network Strength

That is an incorrect assumption

Satoshi mined 1/3/2009 - May 2010 (block 0 - block 54000+) to P2PK addresses, approximately 40 percent of these coinbase coins. (1.1 million+ coins)
He also mined other coins and transferred them to P2PKH addresses. (Amount and addresses unknown, he had several computers)
Sergio +1

Do I get to be Satoshi too? I was off by only a few days... https://i.imgur.com/w57rtbs.png

I know first-hand that there were several different people who mined before January 2010. It's kind of funny that history I've lived through is being questioned...

You are in the group of 60 percent not being Satoshi's P2PK coins.


What is Satoshi's intention?
December 2015 a Bitcointalk member discovered a puzzle transaction while playing around with his bot:
https://bitcointalk.org/index.php?topic=1306983.msg13381244#msg13381244
At that time nobody declared such a puzzle transaction which was created January 2015 until the creator of that competition came out 2 years later:
https://bitcointalk.org/index.php?topic=1306983.msg18765941#msg18765941
As of 01/10/2019 there are still more than 100 BTC to win. https://bitcointalk.org/index.php?topic=5166284.0

We think that the early mined coins of Satoshi are also a prize competition and that Satoshi is waiting this coins to be moved. We also think that he will not respond after somebody moves the first coins but it will be a message to the Bitcoin community that the private keys are somehow on the blockchain. If Satoshi disagreed with that conclusion he would have moved the coins to other addresses.

One day these P2PK coins will be moved.
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