Satoshi controlling 500'000 BTC

[mchaud]

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

There is no point for him in selling these as the price would immediately plummet to zero!

[BigBall]

Why everybody here dont know if Satoshi live or dead?It was on some news that he died or?I support Satoshi if he own a lot of bitcoins because with that way he can win battles with banks and also he is creating money revolution.

[Za1n]

I believe Satoshi to be alive and well, but I heard he now spends his days combing through landfills looking for a certain lost hard drive he once possessed.

I might be kidding about Satoshi, but there was this guy who did just that: https://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site

He lost 7,500 Bitcoins, which today would be worth close to $375,000,000 ($375 million).

[xaxistech]

Well i dont even think that he really exists, i think that this all thing is just a conspiration, there is nothing physical or digital to check that he really exists, or to check if he/she/it is holding that big amount of bitcoins, it is pretty impossible. and of course, he would not sell now, because maybe the price is so cheap for him right now.
but i dont know, it is so weird, and it will not happen.

[Rozita]

There is no evidence for your claim. I personally don't think it's true. But if you are right it's not a good news for bitcoin holders.

[1Referee]

I have been reading through various articles throughout the years, claiming that Satoshi is supposedly sitting on 1 million BTC, but there is no way to know for sure. Either way, I don't care about these coins, and neither should any Bitcoiner do so. As long as these coins remain untouched, and there is no reason to think otherwise, there is zero reason for anyone to get worried. Instead, people should worry about malicious entities such as Jihan, Ver and Mark Karpeles sitting on a huge mountain of coins. Especially the two afore mentioned entities are the poison that people here shoud worry about.

[donotlean]

These days i am really thinking satoshi is a group of americans.because they rule everything why they can't this sector if isn't they bought a large part on cyrpto market already.

[imteaz]

Even if Satoshi have 500k bitcoin, he isn't that he will sell them. He kept in few different addresses, and i am sure some of his developer control those account. So in future when bitcoin price goes over 100k, then he might slowly start to sell those coins and make billions

[CisColtz]

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

I think you took it too far mate ). Indeed we don't know who was satoshi or if he even existed even tho the account is still here on this thread. However to say that is was founded by a global power maybe but by rotschild no way. Anyway would be I'm fine with it , I like bitcoin and I like the blockchain technology.

[eaLiTy]

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.

Satoshi holds more than a million bitcoins in the addresses known to the public and none of the coins are moved till now,no one actually knows how much he actually owned and my guess is he could have owned way more than what the public knows but it is just speculative, if he control and start moving those coins,then it is a really big problem because he could single handedly manipulate the entire market.

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).

This is one of the funniest answer i have seen,the coins are not moving does not mean that the person behind could be dead,he could have lost the keys which is highly possible,but does a genius who could create bitcoin will be that dumb not to safe guard his keys,i am sure those coins will move in the future .

[gentlemand]

There is no evidence for your claim. I personally don't think it's true. But if you are right it's not a good news for bitcoin holders.

When Bitcoin began it attracted zero attention for months. For Bitcoin to exist there have to be miners. The only miner for a long, long time was Satoshi. 50 coins every 10 minutes soon adds up.

I don't believe the 1 million coin figure. I'm sure he does control several hundred thousand coins because he had no choice.

People who are waiting for him to sign up for Yobit and dump all of them are fucking morons. And even if he did, he can only sell once.

[helars2008]

For me someone or some group might really have a possession of a lot of coins and it maybe more than a million.  But am i worried about it,  my answer is no because if there is really someone that holds that huge amount of coin and did not spend it for how many years despite bitcoin price today then i think we can depend on his dedication to the cryptocurrency.  It would only mean that he hold that huge sum of coins because he doesnt want to alter or shatter cryptocurrency.  He is just their to observe and not like someone who will instantly jump into a decision when they already had a possession of large amount of coin.

[Almat]

He owns around 1 million, as the rumors say. It's a little concerning because he can literally influence the price on his own. Him dumping all those coins simultaneously will almost certainly cause a freefall, and might make even more holders dump in response. This is all speculation, of course, since no one really knows him and exactly how much he's holding.

[dothebeats]

It's actually more than 500k if we are taking into account the first year of satoshi mining coins together with Hal Finney and others. As for his control over the market I doubt he'll be back to care about those coins at all, lest there would be something that demands his presence back (though highly unlikely, again). Besides, we don't even know if satoshi is even alive or not--we don't even know the guy. If there's something to be afraid of, that would be the continuous forking incidents because it's causing confusion to the newcomers and is preventing natural growth.

[danggoron]

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

I also thought of it as a bitcoin 'creator', how many btc does nakamoto have. true, no need to fear that bitcoin will be controlled unilaterally by the interested person.

[AGD]

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

There is no point for him in selling these as the price would immediately plummet to zero!

Please explain.

(I already know you can't)

[TastyChillySauce00]

He owns around 1 million, as the rumors say. It's a little concerning because he can literally influence the price on his own. Him dumping all those coins simultaneously will almost certainly cause a freefall, and might make even more holders dump in response. This is all speculation, of course, since no one really knows him and exactly how much he's holding.

He's been inactive for few years and there's no sign of living creatures in his "identified" address either (LOL), people might worry and speculate as much as they can but it seems that everything will be fine.
If you figured out, so many people always watching the satoshi's identified address and once the bitcoin there is moved, there'll be a massive news about it and people could make decisions on their own.
But, just if I think twice, it might be a problem indeed.

[dilinger]

He owns around 1 million, as the rumors say. It's a little concerning because he can literally influence the price on his own. Him dumping all those coins simultaneously will almost certainly cause a freefall, and might make even more holders dump in response. This is all speculation, of course, since no one really knows him and exactly how much he's holding.

Yes I have heard he has 1 millions of bitcoins and I don't know is true or not.

[pinkman12345]

As a creator of bitcoin i believe that satoshi will never think to ruin his own creation by moving his coins from the known address. Even if a single coin is moved from the known address which is believed to be under control of Satoshi will create a havoc and can lead to a massive destruction.
I hope in future this can happen, eventually things are created to create mis happen.

[Razick]

Satoshi probably does have upwards of 1,000,000 Bitcoin actually. That amount is kind of an illusion though, because it would be almost impossible to sell that many in a short period of time. The value is mostly conceptual due to this. Sure, it is worth ~$5,000,000,000, but in reality he might be able to get a few hundred million of that out before the market tanked hard. So I think generally speaking is the case with most early adopters.