Satoshi controlling 500'000 BTC

[fratad]

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

[Zadicar]

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.

[fratad]

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.

[mobnepal]

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).

[madzarux]

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

[slapper]

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

[geac.xraekhurcoe]

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 !

[BitcoinMuscle]

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.

[hatshepsut93]

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.

[iluvpie60]

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.

[dasdo]

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.

[DaMut]

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

[mahibul49]

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

[martina14]

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!

[squatz1]

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.

[BureauChef]

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.

[eternalgloom]

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).

[DRVX]

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!

[StevenS]

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.

[emirkalyoncu]

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