Bitcoin Forum
May 07, 2024, 05:57:38 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6]  All
  Print  
Author Topic: Satoshi controlling 500'000 BTC  (Read 2206 times)
jc89
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
October 24, 2017, 06:54:51 PM
 #101

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

Whoever holds and controls that much btc, whether it's satoshi or other person, is really disturbing. Imagine him controlling or should I say playing the price of btc, selling at least 10btc will have an impact with the price, what more if he just sell hundred or a thousand btc out on a whim. That person isn't just a whale, he is playing BTC god who can crash all the whales out there. Gives me goosebumps just by thinking of it!

.
                ▄▄▄▓▓▓▓▓▓▓▓▓▓▄▄
            ▄▄▓▓▀░░░░░░░░░░░░░░▓▓▓▓
          ▄▓▓░░░░░▄▄████████▄▄░░░░░░▓▓
        ▄▓▀░░░░██████████████████▄░░░▓▓▌
       ▓▓░░░▄██████████████████████▄░░░▓▓▄
      ▓░░░░█████████████████████████░░░░▓▄
     ▓▓░░░████████████████████████████▌░░░▓
    ▐▓░░░▓████████████░░░░░████████████░░░▓▓
    ▓▓░░░█████████████▓████▓███████████▌░░▐▓
    ▓▓░░░█████████████▓████████████████▌░░▐▓
    ▐▓░░░▓████████████▓░██░████████████░░░▓█
     ▓▓░░░████████████▓░██████████████▌░░░▓▌
      ▓▓░░░███████████▓██████████████▀░░░█▌
       ▓▓░░░░█████████▓▄███████████░░░░█▀
        ▓▓░░░░░██████████████████▀░░░░▓█
          ▓▓░░░░░░▀██████████▀▀░░░░░▓█▀
            ▀▓▓░░░░░░░░░░░░░░░░░░▓█▀
                ▀▓▓▓▓▓▓▓▓▓▓▓██▀▀▀
██
██
██
██
██
██
██
███ BRIDGING MARKETS ███
AN ALL INCLUSIVE ECOSYSTEM
██
██
██
██
██
██
██
██  Social Media  ██
██▄███████████████████▄
██████████████████████▌
██████████████████████▌
████████████     █▀███▌
███   █████        ▐██▌
███               ▐███▌
███               ████▌
████             █████▌
█████▄▄         ██████▌
████         ▄████████▌
██████████████████████▌
██████████████████████▌
▄▓█████████████████████▓▓▄
▓██████████████████████████▌
███████████████████▓▓▀  ▓██▌
██████████████▓▀▀       ▓██▌
████████▓▀▀      ▄█    ▐███▌
███▓▀        ▄▄▓▀      ▓███▌
███▓▄▄▄   ▄▓█▓         ████▌
████████▓ ▓▌          ▓████▌
█████████▓    ▄       █████▌
██████████▌ ▄▓██▓▄   ▐█████▌
███████████████████▓▓██████▌
▐██████████████████████████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
██
1715104658
Hero Member
*
Offline Offline

Posts: 1715104658

View Profile Personal Message (Offline)

Ignore
1715104658
Reply with quote  #2

1715104658
Report to moderator
1715104658
Hero Member
*
Offline Offline

Posts: 1715104658

View Profile Personal Message (Offline)

Ignore
1715104658
Reply with quote  #2

1715104658
Report to moderator
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
joseafonso123az
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
October 24, 2017, 07:19:55 PM
 #102

Believing that he is the creator of satoshis, is not so strange that he owns so much BTC. The proble would rise if after the price of BTC rises a lot, say 1BTC= 1000000USD and he dumps everything he has, than yes, this might affect directly the BTC market, and shake it up a bit, making its value also decrease. Hopefully he wont just do that, and he as creator of this, wont take such wrong steps!
DRVX
Hero Member
*****
Offline Offline

Activity: 966
Merit: 500



View Profile
October 25, 2017, 08:44:51 AM
 #103

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

This isn't the case of Ethereum where the lead developer Vitalik Buterin is holding over 500k+ Ether which has been mostly confirmed. Satoshi is believed to be holding around 5.7% of the circulating supply of Bitcoin which makes him a billionaire by itself but I'm sure even he wouldn't have predicted Bitcoin to rise this much and yeah since he's been MIA ever since, all of the money is literally lying on a wallet over there so it doesn't make much of a difference unless it becomes diluted into the market.

And can you say 500k of ethereum is how much of percentages of all ethereum coins?
Bitcoin is the mystery of 21 centure. It changing world fully! It is a new era of humanity!
IgniHash
Member
**
Offline Offline

Activity: 224
Merit: 10

One Token to Move Anything Anywhere


View Profile
October 25, 2017, 08:57:04 AM
 #104

 I am still curious, where is he now? is he real person? i am still believe that Satoshi is not a person, they are an BIG organization.

Dart18
Sr. Member
****
Offline Offline

Activity: 1400
Merit: 259


View Profile
October 25, 2017, 09:00:53 AM
 #105

Question answered by one more question.
If that is going to be problem then why the hell did we reach this damn value now?
It could have been stopped from the very start if we know there is greater risk that soneone could just his large amount of coin.
From the very start it will not be trusted.
If he do have that then so what? He did hold it and have the patience to not withdraw it even the price is going to make him rich now.
CryptotradeGMO
Copper Member
Member
**
Offline Offline

Activity: 90
Merit: 10


View Profile
October 25, 2017, 09:01:49 AM
 #106

When its true, then it can affect much the price of BTC.
If he or she will sell all Coins the other Investors will get scary too
fratad (OP)
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
October 29, 2017, 02:15:54 PM
 #107

Roger Ver confirms that int "the Bitcoin Gospel" documentary. You can find it on youtube


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

hey where do have this info?Huh news or only from you
stop make thread like this
Pages: « 1 2 3 4 5 [6]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!