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Author Topic: Satoshi Nakamoto holds 980,000 Bitcoins.. does anyone know their addresses?  (Read 13548 times)
crycur
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May 11, 2018, 09:57:44 PM
 #1

Satoshi Nakamoto holds 980,000 Bitcoins.. does anyone know their addresses so we know if he/she/they are active in the market? I would guess Bitcoin is their baby and they wouldn't do anything to manipulate the prices and hurt Bitcoin. But would they be taking corrective measures to fight off some of the other whales?

Its kinda weird question but interesting to me if Satoshi Nakamoto is still "alive" and watching.
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May 11, 2018, 10:01:29 PM
 #2

Yes.

There are multiple addresses associated with Satoshi.

The first would be the address to which the first block award, called the "genesis block", was sent to: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

Then there is his/her main address, which has the $900+k you mentioned. I don't know the address for that on and a quick Google search didn't help, but if you download Bitcoin Core you can scroll to the beginning of time in Bitcoin world and find the wallet addresses used for the very first transactions...one of those is owned by Satoshi.

Finally, Satoshi created this forum and has an account here...he/she may have an bitcoin address posted on their profile, check for yourself: Satoshi's Profile

 
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crycur
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May 11, 2018, 10:23:36 PM
Last edit: May 11, 2018, 10:49:31 PM by crycur
 #3

Yes.

There are multiple addresses associated with Satoshi.

The first would be the address to which the first block award, called the "genesis block", was sent to: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

Then there is his/her main address, which has the $900+k you mentioned. I don't know the address for that on and a quick Google search didn't help, but if you download Bitcoin Core you can scroll to the beginning of time in Bitcoin world and find the wallet addresses used for the very first transactions...one of those is owned by Satoshi.

Finally, Satoshi created this forum and has an account here...he/she may have an bitcoin address posted on their profile, check for yourself: Satoshi's Profile

Thanks for the idea. I am new to this so not very technical yet. Has anyone done this research before to see if they have been active exchanging? They certainly haven't been active on this forum since 2010.
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May 11, 2018, 11:17:30 PM
Last edit: May 12, 2018, 06:47:30 AM by odolvlobo
 #4

... Then there is his/her main address, which has the $900+k you mentioned. ...

There is no such "main" address. All the bitcoins thought to be owned by satoshi are still held by the addresses in the coinbase transactions of the blocks that he mined. That means that there are 10 - 20 thousand addresses thought to be controlled by satoshi.

The addresses in question are known (that's where the estimates comes from) and I suppose there are people watching them.

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May 11, 2018, 11:24:56 PM
 #5

Other from the Genesis Block as illustrated, may I add that even if Satoshi Nakomoto is holding 980,000 Bitcoins and he is still alive today witnessing varied ordules, He can not solely do anything again to stop or combat this, He can only give probably the most technological and sophisticated advice since he is the Block Chain initiator just like every other user since he has started it and left it for every users, Minners, stakers , Traders, even investors and so many others who are interested in it to tap from its potentialities. This case is just like any automobile vehicle maker or producer who can not or never control the driver during driving saved precautionary safety advise or Driving method analysis to avoid/shun accidents or dangers that may likely occur.

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May 11, 2018, 11:25:15 PM
 #6

Where do you know Satoshi is holding 980000 bitcoins? I don't think any one knows the addresses belong to Satoshi. So the number of coins Satoshi owns is also unknown.

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May 11, 2018, 11:43:59 PM
 #7

Where do you know Satoshi is holding 980000 bitcoins? I don't think any one knows the addresses belong to Satoshi. So the number of coins Satoshi owns is also unknown.

Yes I dont know for sure. I have read some articles where it said he holds 980000 or 5% of Bitcoins.
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May 12, 2018, 12:37:37 AM
 #8

I believe that satoshi nakamoto has a lot of bitcoin, and I still believe that satoshi nakamoto is alive and certainly satoshi nakamoto will keep the future progress of bitcoin.

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May 12, 2018, 12:44:20 AM
 #9

I believe that satoshi nakamoto has a lot of bitcoin, and I still believe that satoshi nakamoto is alive and certainly satoshi nakamoto will keep the future progress of bitcoin.

But we do not know for sure if he is really alive and well in this world with a lot of Bitcoin in his hand. All he has left is the addresses that as far as I know is untouched and we do not know who owns them now. I think if Satoshi Nakamoto owned that adresses, and he is still alive I guess he will be using it.
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May 12, 2018, 03:12:27 AM
 #10

It is only natural that satoshi nakamoto has bitcoin to that much, and I believe that the satoshi nakamoto will save the price with the bitcoin that satoshi has.
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May 12, 2018, 06:57:00 AM
 #11

Where do you know Satoshi is holding 980000 bitcoins? I don't think any one knows the addresses belong to Satoshi. So the number of coins Satoshi owns is also unknown.

Here is where the estimates comes from: https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

Note there is no way to know precisely which blocks were mined by satoshi, so different people have come up with different numbers.

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June 09, 2018, 03:13:52 AM
 #12

Where do you know Satoshi is holding 980000 bitcoins? I don't think any one knows the addresses belong to Satoshi. So the number of coins Satoshi owns is also unknown.

Here is where the estimates comes from: https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

Note there is no way to know precisely which blocks were mined by satoshi, so different people have come up with different numbers.

This is new information for me. Thank you for sharing in this topic.
I am also curious, right now what is the actual balance that Satoshi has?

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June 09, 2018, 03:49:29 AM
 #13

Bitcoin address of Satoshi Nakamoto, no one knows and will ever know. Because Satoshi Nakamoto doesn't exist. I am sure that under this name worked a large group of developers from Japan. There may be a few dozen people.
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June 09, 2018, 04:06:13 AM
 #14

Blokchain is decentralized, so no one know the own of any BTC adress. Morever, i think Satoshi is a group, not only one person. I think top 10 Altcoin (2016,2017 table) are "Satoshi Nakamoto". They creat Blockchain, creat BTC first and then. they creat another altcoin. You can see the code of top 10, they are the same

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June 09, 2018, 04:08:33 AM
 #15

Where do you know Satoshi is holding 980000 bitcoins? I don't think any one knows the addresses belong to Satoshi. So the number of coins Satoshi owns is also unknown.

Here is where the estimates comes from: https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

Note there is no way to know precisely which blocks were mined by satoshi, so different people have come up with different numbers.

This is new information for me. Thank you for sharing in this topic.
I am also curious, right now what is the actual balance that Satoshi has?

No one knows for sure since his holdings are split up over thousands of addresses. Satoshi himself mined the earliest blocks and hasn't moved the coins yet. However, with that being said, Satoshi Likely wasn't the only miner in early 2009. There had to have been a few extra anonymous early miners and they too likely never moved the coins they mined and disregarded their private keys. I mean back then Bitcoins were worthless and at the time it seemed just like a cool tech experiment/proof of concept.
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June 09, 2018, 04:53:06 AM
 #16

Harold Thomas Finney II, a southern California coder, was Satoshi. He claimed to have received the first transaction from Satoshi just a few days after the genesis block. I think he sent the transaction to himself. Satoshi used a @gmx.com mail address. Finney was the very first person to post on the Sourceforge page of Bitcoin using a @gmx.com address. His vernacular and writing style are almost identical to the posts of Satoshi.

Finney knew in late 2009 that he was dying of ALS. The “Satoshi” persona was a necessary creation to remove him from the limelight. Bitcoin was too much for him to control while dealing with the onset of a terminal disease. He turned over the alert keys to Gavin Andresen and backed away from an active role in the development of his creation.

He knew his creation would never be trusted if most of the initially mined “testing” coins were ever to show up on the market so those coins were never spent. He may have intentionally disposed of the private keys to many of the addresses to ensure they would never hurt his brainchild. Some of the coins he mined in the beginning were used to pay for medical bills and cryogenic preservation of his body after his death. Those “Satoshi” addresses are as dead as Hal Finney.

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June 10, 2018, 02:22:04 PM
 #17

Harold Thomas Finney II, a southern California coder, was Satoshi. He claimed to have received the first transaction from Satoshi just a few days after the genesis block. I think he sent the transaction to himself. Satoshi used a @gmx.com mail address. Finney was the very first person to post on the Sourceforge page of Bitcoin using a @gmx.com address. His vernacular and writing style are almost identical to the posts of Satoshi.

Finney knew in late 2009 that he was dying of ALS. The “Satoshi” persona was a necessary creation to remove him from the limelight. Bitcoin was too much for him to control while dealing with the onset of a terminal disease. He turned over the alert keys to Gavin Andresen and backed away from an active role in the development of his creation.

He knew his creation would never be trusted if most of the initially mined “testing” coins were ever to show up on the market so those coins were never spent. He may have intentionally disposed of the private keys to many of the addresses to ensure they would never hurt his brainchild. Some of the coins he mined in the beginning were used to pay for medical bills and cryogenic preservation of his body after his death. Those “Satoshi” addresses are as dead as Hal Finney.

Hal Finney would be my favorite pick out of the candidates for being Satoshi. He was an amazing inspiring person without the Satoshi identity.

Bitcoin and me (Hal Finney) is one of the posts he wrote.

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June 10, 2018, 02:42:32 PM
 #18

We should give this person/group some privacy - after all, he/she/they created something super great for us, don't you think?
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June 10, 2018, 02:47:09 PM
 #19

Yes.

There are multiple addresses associated with Satoshi.

The first would be the address to which the first block award, called the "genesis block", was sent to: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

Then there is his/her main address, which has the $900+k you mentioned. I don't know the address for that on and a quick Google search didn't help, but if you download Bitcoin Core you can scroll to the beginning of time in Bitcoin world and find the wallet addresses used for the very first transactions...one of those is owned by Satoshi.

Finally, Satoshi created this forum and has an account here...he/she may have an bitcoin address posted on their profile, check for yourself: Satoshi's Profile

You touched upon an interesting topic. The money that's in his accounts. I think he's not going to ruin the market of bitcoin. They say that his wallet for all this time did not transfer any coins to other wallets. So now do not panic. As for the account on this forum, I think it's just a coincidence.

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June 10, 2018, 02:47:49 PM
 #20

Those Bitcoins are a "Security Bounty", at least in my mind. They are an incentive to target weaknesses in the protocol and will certainly cause enough panic to get those holes patched. I doubt Satoshi will ever come back and grab those old addresses. It will almost certainly be an attacker; it will certainly be a historical event in terms of security and fear within the community. Might just be a conspiracy theory of mine, but it's a fun story if it plays out the way it is in my head.

 
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