Satoshi Nakamoto should be richer than Bill Gates.

[satongshi]

We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

[ArdiPrabowo]

satoshi nakatomo still unknown
and until now bill gates still richer in the world, i think if satoshi nakotomo richer  can publish , because in this country satoshi nakamoto still pay TAX

[mocacinno]

We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 million US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Where did you get your statistics?
businessinsider estimated the BTC helt by satoshi to be over $700 million back when the BTC price was $700 (now we're around $900)
http://uk.businessinsider.com/satoshi-nakamoto-owns-one-million-bitcoin-700-price-2016-6

About your question why he didn't generate x coins for himself: he could have done a hefty premine, but since btc is open source, everybody would have been able to see the premine right there in his sourcecode...

[algaidaman]

Eventually, and if Satoshi Nakamoto is an individual, he could potentially be richer than very many people.

But an important thing in the way bitcoin fundamentally works is that the number of coins that can be generated is limited.

https://bitcoin.org/en/how-it-works

[audaciousbeing]

We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 million US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

So far Satoshi is still unknown, then there is no way to really determine whether he is richer and even be able to value his wealth. There are even drug lords that might even be richer to some of the rich men we have around but because they are not known we then no have a way to value their wealth. But I hope Satoshi will come out and declare his wealth of that amount and release what he has, then the price of bitcoin is going back way down due to the forces of demand and supply.

[bitbunnny]

Well, we don't know that. Maybe Satoshi has more money then Bill Gates but since he doesn't want to reveal his identity and other facts we can't know that. Even if he's not the richest man on Earth I beleive that he owes very big fortune that he enjoys somwhere in the anonimity and that is good for him.

[signature200]

Eventually, and if Satoshi Nakamoto is an individual, he could potentially be richer than very many people.

But an important thing in the way bitcoin fundamentally works is that the number of coins that can be generated is limited.

https://bitcoin.org/en/how-it-works

I still do not understand how come the coins and why their number is limited. Communicating between computers provide the transaction, but that transaction need to make coins? Where they are taken?

[satongshi]

We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 million US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Where did you get your statistics?
businessinsider estimated the BTC helt by satoshi to be over $700 million back when the BTC price was $700 (now we're around $900)
http://uk.businessinsider.com/satoshi-nakamoto-owns-one-million-bitcoin-700-price-2016-6

About your question why he didn't generate x coins for himself: he could have done a hefty premine, but since btc is open source, everybody would have been able to see the premine right there in his sourcecode...

It should be $1 billion. My bad

[alani123]

If that were to become the case, actual money would have lost it's value against cryprocurrency and Bitcoin wouldn't be that much of amedium of exchange between popular currency any longer. Bitcoin would certainly be different from now but it's uncertain if there's be an economy around it.

[carlfebz2]

Its possible since bitcoin price does still continue to rise and others said that satoshi holds up 1M bitcoin which means he have $1B as of now on the current price of bitcoin and what if it would go 10k or 100k or so on? Possibilities would be there that he might be even richer than bill gates but for now no one still knows about on where satoshi is.

[Bjorn Ironside]

Hope one day he will be richer, his invention of Bitcoin will have the impact no less then invention of Windows

[tiggytomb]

Satoshi could even be Bill Gates for all we know as his identity is unknown, or Satoshi could be a test of some next level AI imagine that.

[doaremon]

Satoshi nakamoto is still anonymous and we even don't know of its a single person or a group or community. The amount of bitcoin that can be generated is limited so he can't make as many as he wants. If he do this the price will not be same as now. Everyone in this world don't want publicity or fame. Maybe he is more rich than bill gates living the most luxurious life we don't even know.

[nara1892]

Well, we don't know that. Maybe Satoshi has more money then Bill Gates but since he doesn't want to reveal his identity and other facts we can't know that. Even if he's not the richest man on Earth I beleive that he owes very big fortune that he enjoys somwhere in the anonimity and that is good for him.

it makes sense. we know nothing, so we find it difficult to determine who between them is richer. however, I think satoshi wants to share bitcoin to other people around the qorld, so he doesn't convert his coins to fiat, or probably he has another plan.

[ImHash]

First understand the basics and concept of bitcoin, then learn one thing or two about cryptography or simply google it for the sake of our bellies not to explode from laughter and don't worry soon enough they'll change the system and either force Satoshi to move his coins to a new address version or risks them to be stolen if he was alive at all. and how would you know if he really has 1M and not a few more millions? couldn't he keep mining and even build ASIC farm to continue mining even until now? I'd say he has at least 4M up to 8M bitcoins.

[genny2kuk]

If bitcoin gets to the price of $100k for 1btc then Satoshi would be holding about $100bn worth of bitcoin, if and only if he has up to 1 million btc with him

[BlockEye]

If bitcoin gets to the price of $100k for 1btc then Satoshi would be holding about $100bn worth of bitcoin, if and only if he has up to 1 million btc with him

His only probles is what exchange will he used to convert btc to fiat. I think if that happened, A great dump will occur and BTC will start to fall. And it is impossible also to convert that amountto fiat because if you transfer that huge amount of money to your bank account, You will be easily caught by the government and they will file you a case for tax evasion.

[DoublerHunter]

Satoshi nakamoto will be richer than bill gates if the price of bitcoin will reach at least $100,000 and then if he sells all his bitcoin and then he will be richer than bill gates, Based on my estimation. But to be honest, it is impossible to get richer than bill gates because bill gates earn money every second without doing nothing and that is the key why he is so far from other rich people.

[VanDeinsberg12]

We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

I've heard satoshi hold around 1k btc in his wallet. But satoshi has doing a lot of the research before try to do anything. Looks like bill gates will always be the rich person rather than satoshi nakamoto.

[Qartada]

We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

The price of Bitcoin wouldn't stay the same if Satoshi created loads of Bitcoin, and he doesn't have the power to do that anyway - no one really does.  Satoshi is pretty damn rich, most likely a billionaire right now, and obviously his wealth will only be based on the value of Bitcoin.