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Author Topic: Satoshi Nakamoto - 1,5 million Bitcoins - We need answers  (Read 43740 times)
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April 30, 2013, 01:58:56 AM
 #141

https://bitcointalk.org/index.php?topic=191362.0  Cool

I was a very early Bitcoin adopter - I mined and sold over 12,500+ BTC before they reached just a few cents! I bought a slice of a rather famous Pizza!? and donated 500 BTC to the first Bitcoin Faucet. Got a bit lost along the way... logged out 2010... logged back in 2013... I did 'find' around 25 BTC (in old wallets and sites), which is better than none! <> BBR - CBX - CURE - DASHEMCGAP - GRC - LTC - MINT - NMC - NuBits - PPC - SLM - START - XPM - <> This is not investment advice! <>
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April 30, 2013, 09:06:43 AM
 #142

Or we just buy litecoins instead Wink

As you can see on the fifth graph here http://bitcoin.sipa.be/ , for many months Bitcoin was very unknown to the public and because of that difficulty didn't change to the upside. If I have understood it correctly around 1,5 million Bitcoins were created from February 2009 until the end of same year. Also if I have understood it correctly very few people mined under this time period making the conclusion that Satoshi Nakamoto and a few more people have a considerable amount of Bitcoins (worth today around 16 million dollars). You could also suppose that a majority of this coins are in the hand of Satoshi Nakamoto. Today it has gone more than two years from the birth of Bitcoin, I am convinced that Nakamoto has big plans for Bitcoin and he/she/they have put considerable amount of time and effort in this interesting project.

I am talking for my self, but I think that my thoughts concern also others that are thinking alike. I want to invest a considerable amount of money and time into this project/currency/commodity/freedom. But I think that until the person(s) behind Bitcoin doesn't come forward I think that the best I can do is to reconsider if I should invest time and money into this project. Because not getting any answers makes Bitcoin to become something uncertain and vague. If Bitcoin should become worth 100-10000+ times more than it is today, and be a serious threat to the establishment and the status quo of the financial world of today, we should demand for some sincere answers to this questions.



My questions:

How many Bitcoins in total does "Nakamoto" have?

What is "Nakamotos" estimation of how many early adopters there is that have more than 200 000 bitcoins, 100 000 bitcoins and 50 000 bitcoins?

What was the purpose of creating Bitcoin?

What is your plan for the future of Bitcoin as "Nakamoto" sees it today?

What are "Nakamoto" going to do with the wealth that has been created?




Until this questions are not answered, and I am pretty sure the person/group behind this project can read this, we should really reconsider buying in until we get some answers. If this is going to get big, this questions will always hunt us until they are answered.



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April 30, 2013, 09:13:05 AM
 #143

The first impression I get when someone asks these questions is that you do not know the community that well, if you did it wouldn't even matter to you.

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April 30, 2013, 09:16:35 AM
 #144

Quote
How many Bitcoins in total does "Nakamoto" have?
If Satoshi contacts me I would send him 90% of my Bitcoins. He deserves it.

Quote
What is "Nakamotos" estimation of how many early adopters there is that have more than 200 000 bitcoins, 100 000 bitcoins and 50 000 bitcoins?
1 milion people and BTC at $1000 each.

Quote
What was the purpose of creating Bitcoin?
Mankind set free
from the bonds of
debt-based currency
http://www.youtube.com/watch?v=WdrSP0V-KLg

Quote
What is your plan for the future of Bitcoin as "Nakamoto" sees it today?
To rule the world.

Quote
What are "Nakamoto" going to do with the wealth that has been created?
He will just sit and watch the good he did for the world.

Unlike money today, Bitcoin is not backed by force, it's backed by love.
satoshi.pl - Blog about Bitcoin (in polish)
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April 30, 2013, 09:24:40 AM
 #145

If the first generated coins move at some point... There will be an interesting reaction. I'd foresee a crash - but who knows?

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April 30, 2013, 11:15:03 AM
 #146

If the first generated coins move at some point... There will be an interesting reaction. I'd foresee a crash - but who knows?

It would be an opportunity. 1.5 Million coins on the market would put more coins into circulation. Considering how constrained the money supply already is, it would only help.

more or less retired.
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April 30, 2013, 11:45:27 AM
 #147

If the first generated coins move at some point... There will be an interesting reaction. I'd foresee a crash - but who knows?

It would be an opportunity. 1.5 Million coins on the market would put more coins into circulation. Considering how constrained the money supply already is, it would only help.

That does not make any sense. We could run the world on 1 bitcoin.

I agree it would be an opportunity... for those around Nakamoto group.

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April 30, 2013, 01:12:02 PM
 #148

If the first generated coins move at some point... There will be an interesting reaction. I'd foresee a crash - but who knows?

It would be an opportunity. 1.5 Million coins on the market would put more coins into circulation. Considering how constrained the money supply already is, it would only help.

That does not make any sense. We could run the world on 1 bitcoin.

I agree it would be an opportunity... for those around Nakamoto group.


I think many see the fact that the first coins never moved as an incredible demonstration of faith in the future of BTC. If those coins move, that faith could be shaken (or not, just speculating)

I also like to entertain the idea that it could be a demonstration of insanity. Somebody that has not moved a SINGLE COIN from 2009 till today could also be very capable of dumping all the coins at once. He (or them) would be rich anyway, and nobody can wait to be rich forever.

I'm not saying I believe any of the above - just speculating for fun, anyhow I find incredibly intriguing the fact that those coins NEVER moved.

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April 30, 2013, 02:43:32 PM
 #149

And where we can check those coins?

Unlike money today, Bitcoin is not backed by force, it's backed by love.
satoshi.pl - Blog about Bitcoin (in polish)
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April 30, 2013, 02:44:32 PM
 #150

...it wouldn't even matter to you.

Cult members never question anything.

As for Nakamoto...
He is either has a good Accounting Firm and is paying taxes in his jurisdiction...
Or he will end up in jail sooner or later.
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April 30, 2013, 02:55:10 PM
 #151

And where we can check those coins?

On the blockchain? Need some BTC basics my friend?

You can also use the search in these forums and you will find plenty of analysis of which address are Satoshi's (many address which 50BTC each).

Now a freebie: this (https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa) is the address that holds the first 50BTC ever generated.

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April 30, 2013, 02:55:15 PM
 #152

And where we can check those coins?

you can see an example of how to analyse this using bitcoin-abe here in this thread: https://bitcointalk.org/index.php?topic=37333.msg458441#msg458441

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April 30, 2013, 03:06:38 PM
 #153

Somebody just sent 1 Satoshi to Satoshi Cheesy

Maybe it was inspired by this thread?

Here you have the transaction: https://blockchain.info/tx/41288feefe53f60a9a250c1cfeb037b45b6d8931a63220cb9bc91511fe53f3d3

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April 30, 2013, 03:41:42 PM
 #154

As you can see on the fifth graph here http://bitcoin.sipa.be/ , for many months Bitcoin was very unknown to the public and because of that difficulty didn't change to the upside. If I have understood it correctly around 1,5 million Bitcoins were created from February 2009 until the end of same year. Also if I have understood it correctly very few people mined under this time period making the conclusion that Satoshi Nakamoto and a few more people have a considerable amount of Bitcoins (worth today around 16 million dollars). You could also suppose that a majority of this coins are in the hand of Satoshi Nakamoto. Today it has gone more than two years from the birth of Bitcoin, I am convinced that Nakamoto has big plans for Bitcoin and he/she/they have put considerable amount of time and effort in this interesting project.

I am talking for my self, but I think that my thoughts concern also others that are thinking alike. I want to invest a considerable amount of money and time into this project/currency/commodity/freedom. But I think that until the person(s) behind Bitcoin doesn't come forward I think that the best I can do is to reconsider if I should invest time and money into this project. Because not getting any answers makes Bitcoin to become something uncertain and vague. If Bitcoin should become worth 100-10000+ times more than it is today, and be a serious threat to the establishment and the status quo of the financial world of today, we should demand for some sincere answers to this questions.



My questions:

How many Bitcoins in total does "Nakamoto" have?

What is "Nakamotos" estimation of how many early adopters there is that have more than 200 000 bitcoins, 100 000 bitcoins and 50 000 bitcoins?

What was the purpose of creating Bitcoin?

What is your plan for the future of Bitcoin as "Nakamoto" sees it today?

What are "Nakamoto" going to do with the wealth that has been created?




Until this questions are not answered, and I am pretty sure the person/group behind this project can read this, we should really reconsider buying in until we get some answers. If this is going to get big, this questions will always hunt us until they are answered.



It's not your business how much bitcoin he have, and don't have to answer any of your questions, you don't have to use them if you don't like it...fuckin loser care about your wallet not other peoples wallets.
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April 30, 2013, 04:29:59 PM
 #155

i think those that want answer about a satoshi pre mine are just mad they themselves were not around when bitcoins were less then a dollar, and are trying to vent their frustration some how. justifying that its not their fault for learning a couple years later but that satoshi got there first.

and for the fact that satoshi actually having the good idea known as bitcoin i personally think he deserves to be one of the wealthy elite because of it.

for everyone else that doesnt like being late to the party. there are other alt-coins.

Do not take any information given on this forum on face value. Please do your own due diligence and respect what is written here as both opinion and information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist
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April 30, 2013, 06:46:42 PM
 #156

for everyone else that doesnt like being late to the party. there are other alt-coins.

lol. and they'll be like: "but how should I know wether ppxvkzCoin will take off at all?". Same could've been asked back then for bitcoin. It's only clear in hindsight. There's risk involved.. duh!

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May 02, 2013, 01:29:49 AM
 #157

As you can see on the fifth graph here http://bitcoin.sipa.be/ , for many months Bitcoin was very unknown to the public and because of that difficulty didn't change to the upside. If I have understood it correctly around 1,5 million Bitcoins were created from February 2009 until the end of same year. Also if I have understood it correctly very few people mined under this time period making the conclusion that Satoshi Nakamoto and a few more people have a considerable amount of Bitcoins (worth today around 16 million dollars). You could also suppose that a majority of this coins are in the hand of Satoshi Nakamoto. Today it has gone more than two years from the birth of Bitcoin, I am convinced that Nakamoto has big plans for Bitcoin and he/she/they have put considerable amount of time and effort in this interesting project.

I am talking for my self, but I think that my thoughts concern also others that are thinking alike. I want to invest a considerable amount of money and time into this project/currency/commodity/freedom. But I think that until the person(s) behind Bitcoin doesn't come forward I think that the best I can do is to reconsider if I should invest time and money into this project. Because not getting any answers makes Bitcoin to become something uncertain and vague. If Bitcoin should become worth 100-10000+ times more than it is today, and be a serious threat to the establishment and the status quo of the financial world of today, we should demand for some sincere answers to this questions.



My questions:

How many Bitcoins in total does "Nakamoto" have?

What is "Nakamotos" estimation of how many early adopters there is that have more than 200 000 bitcoins, 100 000 bitcoins and 50 000 bitcoins?

What was the purpose of creating Bitcoin?

What is your plan for the future of Bitcoin as "Nakamoto" sees it today?

What are "Nakamoto" going to do with the wealth that has been created?




Until this questions are not answered, and I am pretty sure the person/group behind this project can read this, we should really reconsider buying in until we get some answers. If this is going to get big, this questions will always hunt us until they are answered.



Why do you think they owe you any explanation? They can keep their mouths shut forever and I'll still tip my hat to them. They quite literally made their own millions [billions?]. Anonimity is part of the nature of bitcoins. You can invest if you want, but why should it be on your terms instead of theirs?
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August 03, 2013, 12:15:42 PM
 #158

People will bitch and moan about the "elite" 1%, about the early adopters being unfairly rewarded, about how they somehow deserve some of the wealth without contributing anything but suggest to them to risk their ass and instead of buying the newest iPhone investing that money into a venture and/or investing into cryptocurrencies that are in their early stages currently and hear them moan "muh dollars", "muh iphone", "muh 40 inch plasma", "muh xbox".

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August 03, 2013, 09:30:19 PM
 #159

People will bitch and moan about the "elite" 1%, about the early adopters being unfairly rewarded, about how they somehow deserve some of the wealth without contributing anything but suggest to them to risk their ass and instead of buying the newest iPhone investing that money into a venture and/or investing into cryptocurrencies that are in their early stages currently and hear them moan "muh dollars", "muh iphone", "muh 40 inch plasma", "muh xbox".

One of the best reactions to first mover envy.

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September 12, 2013, 09:45:36 PM
 #160

People looking for me?


Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
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