cainy393 (OP)
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November 16, 2013, 11:37:32 PM |
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So, I just realized that Ross Ulbricht - former owner of Silk Road - owns a huge proportion af all the bitcoins in existence. Today we hit the 12 million mark, and this single man is estimated at owning 400,000 bitcoins in his personal wallet. Which is ~ a 30th of all the bitcoins in existence right now. That's insane!
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Rupture
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November 16, 2013, 11:42:26 PM |
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Satoshi owns around 1 sixth or seventh of all coins
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Guido
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November 16, 2013, 11:44:19 PM |
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they're in hands of u.s gov now
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I am Bonkers BTW
Crypto OG
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Digital Artist
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MoonShadow
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November 16, 2013, 11:46:39 PM |
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they're in hands of u.s gov now
n Not yet. They have the encrypted wallet, but not the passcode. Maybe they never will, because I'm not convinced that this guy is DPR at all. He certainly is at least an employee, but then even he won't have access to the company funds. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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JTrain_51
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November 17, 2013, 12:15:28 AM |
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Lol , Wonder if he gave this amount of btc to friends or family
That is way to much money just to keep in a wallet no one knows about
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BurtW
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All paid signature campaigns should be banned.
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November 17, 2013, 12:22:01 AM |
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they're in hands of u.s gov now
n Not yet. They have the encrypted wallet, but not the passcode. Maybe they never will, because I'm not convinced that this guy is DPR at all. He certainly is at least an employee, but then even he won't have access to the company funds. The FBI has a lot of them, or maybe all of them - 400K is just an estimate, he may have just had 144K left. The FBI moved 144,336 of them to here: https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH |
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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cainy393 (OP)
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November 26, 2013, 12:00:34 PM |
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You're right, 400K is an estimate but from what I've read, the FBI have seized the company bitcoins but not his PERSONAL funds, of which there is an estimated 400K. And wow, at the current price that's over £200M
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BitcoinNews.io
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November 26, 2013, 12:36:17 PM |
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DPR took a large risk in getting that amount of bitcoin. and even if he does have vast wealth, would you trade places with him?
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MikeCorleone
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November 26, 2013, 12:48:57 PM |
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DPR took a large risk in getting that amount of bitcoin. and even if he does have vast wealth, would you trade places with him?
Since he has so much Bitcoin, maybe he can bribe the US government with it  haha, I came across another wallet of his. (I believe) is any how. One wallet i found, came from one of his others, made a transaction this past week and i don't think it is the FBI because they didn't sweep they wallet. Still has around 50k in it. |
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Lewis2
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November 26, 2013, 12:50:25 PM |
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Problem is that it is too much influence on price of bitcoin by the holder of this amount if it is true. More and more messages about people holding vast amount of bitcoin surface, giving a lot of power to a small amount of people.
What will the FBI do with the seized bitcoins by the way? Any speculations?
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giletto
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November 26, 2013, 12:56:20 PM |
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Satoshi owns around 1 sixth or seventh of all coins
Seriously? With this amount he is almost a $$ billionaire. :O And to the topic, if this is the true, that just a handful ppl hold 60 or 70% of the total amount, it's dangerous and explain, why the price raise up so stable. Maybe this handful ppl just want to catch 1000$ and bam...the bubble is bursting. |
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jaime
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November 26, 2013, 12:57:41 PM |
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they're in hands of u.s gov now
really? do they have the private key? would like to see their faces if an anonymous guy makes a transaction with those coins  |
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Lewis2
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November 26, 2013, 01:04:05 PM |
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Satoshi owns around 1 sixth or seventh of all coins
Seriously? With this amount he is almost a $$ billionaire. :O And to the topic, if this is the true, that just a handful ppl hold 60 or 70% of the total amount, it's dangerous and explain, why the price raise up so stable. Maybe this handful ppl just want to catch 1000$ and bam...the bubble is bursting. Slim chance. If half of all bitcoins get dumped on the market at $1000,- prices will fall so quick that everybody gets fucked. |
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bitcoinpsftp
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November 26, 2013, 01:06:26 PM |
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Please show source of Satoshi owning a 6th of all bitcoins? If this is true, that can be the end to bitcoin as we know it. Someone owning that many can kill the whole thing if the word gets out.
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Gabi
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If you want to walk on water, get out of the boat
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November 26, 2013, 01:09:07 PM |
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Please show source of Satoshi owning a 6th of all bitcoins? Who mined coins in 2009? Satoshi and, at most, some other people, note how difficulty was stuck at 1 for like a year or so, this means only one or so cpu were mining. |
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giletto
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November 26, 2013, 01:53:02 PM |
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Please show source of Satoshi owning a 6th of all bitcoins? Who mined coins in 2009? Satoshi and, at most, some other people, note how difficulty was stuck at 1 for like a year or so, this means only one or so cpu were mining. But this still not prove, that he keep all instead of sale some from time to time.  |
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giletto
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November 26, 2013, 01:56:30 PM |
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Satoshi owns around 1 sixth or seventh of all coins
Seriously? With this amount he is almost a $$ billionaire. :O And to the topic, if this is the true, that just a handful ppl hold 60 or 70% of the total amount, it's dangerous and explain, why the price raise up so stable. Maybe this handful ppl just want to catch 1000$ and bam...the bubble is bursting. Slim chance. If half of all bitcoins get dumped on the market at $1000,- prices will fall so quick that everybody gets fucked. As you wrote, "If half of all bitcoins get dumped" 60-70% is around the half or even a bit more. So you think they care about the crowd get fucked? And if the market is dumped and reach the bottom, is easy to turn and start again. EXACTLY what high roller do at the stock market from time to time...if the same guys are in bitcoin now (and it's sounds not so impossible!) it gonna happen too with the coins. |
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Lewis2
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November 26, 2013, 02:04:40 PM |
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They indeed won't give a flying f about the crowd getting fucked, problem is they fuck themselves. The volume is too big to sell which means the price they will be getting for their bitcoins will be extremely low. The demand is too slow for these volumes. As for the $1000,- dollar barrier, part of me believes in the dumping scenario, but on the other hand, people that have huge amounts of BTc now also had it when it became $10, when it became $100, $500, etc.
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niothor
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November 26, 2013, 02:10:05 PM |
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Please show source of Satoshi owning a 6th of all bitcoins? Who mined coins in 2009? Satoshi and, at most, some other people, note how difficulty was stuck at 1 for like a year or so, this means only one or so cpu were mining. But this still not prove, that he keep all instead of sale some from time to time. The coins are still there , very few of the first coins ever moved from their blocks. What more proof you want? |
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Lewis2
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November 26, 2013, 02:15:23 PM |
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For all we know the guy might be dead and the coins will never surface.
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