Satoshi's now has 600- 700k bitcoins?

[atorle]

It has often been reported that the creator of bitcoin - Satoshi Nakamoto- has at least a million bitcoins, that could spark a lot of market distortions should those coins ever move from their wallets, but recent report by Bitmex's research team suggest figures 30 percent lower. 600 - 700k bitcoins
What do you think? Any significant difference?



Reference: https://news.bitcoin.com/satoshis-1-million-bitcoin-haul-could-be-smaller-than-first-thought/

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[BitcoinNewbie15]

It has often been reported that the creator of bitcoin - Satoshi Nakamoto- has at least a million bitcoins, that could spark a lot of market distortions should those coins ever move from their wallets, but recent report by Bitmex's research team suggest figures 30 percent lower. 600 - 700k bitcoins
What do you think? Any significant difference?



Reference: https://news.bitcoin.com/satoshis-1-million-bitcoin-haul-could-be-smaller-than-first-thought/

I don't think this makes any difference. 1 million coins or 600k coins, I think it's safe to say that these coins are gone forever. Satoshi himself was very libertarian, I doubt he wanted to be in the position where he himself becomes what he despised. Bitcoin is his brainchild, he deeply cares for Bitcoin, he knows that moving or using these coins would harm it. If he had the self-restraint to not access that wealth at the peak of the price, I'm sure he won't ever access them.

[pooya87]

600k-700k is the same guess as 1million bitcoin was. it doesn't matter how much they try to "analyze" things, in the end they will be making a big guess with a large margin of error because nobody really knows how many people and who have been mining bitcoin in the early days.

and it wouldn't make any difference. that is still a lot of bitcoin, in reality it won't affect anything since they won't come into circulation and even if they do, Satoshi is not someone who would dump on the market but people have their own weird reasons for panic.

[FlexBrah]

In any case, this is a huge number of BTC that can affect the market, plus to this it has in the same amount all hard forks bitcoin

[davis196]

We don't even know is Satoshi Nakamoto alive.How the hell did this Bitmex research found out that Satoshi's coins are 600-700K and not 1M?Anyway,I believe that it's kinda unfair that the creator of bitcoin has so many btc.Perhaps it was better for him to destroy or give away those bitcoins.

[hugeblack]

I do not know how these numbers verified, but these coins mined by Satoshi's account and not by Satoshi himself.
He may have another account and unknown addresses. There are also lots of coins that have been mined by unknown people.

By using Bitcoin, you trust Satoshi, so it is not unlikely that Satoshi used those coins to eliminate Bitcoin.

Satoshi may have been arrested by the FBI and Swords. These coins are used to control Bitcoin

[insto]

Who knows that Satoshi has that much bitcoin? What is the proof?

[coinwizard_]

There is the genesis block that he created so it can be assumed that the associated wallets belong to him. If any have moved to other wallets during his time them those will be his test wallets. From there it is a guess to determine which ones belong to him

[Pursuer]

We don't even know is Satoshi Nakamoto alive.How the hell did this Bitmex research found out that Satoshi's coins are 600-700K and not 1M?Anyway,I believe that it's kinda unfair that the creator of bitcoin has so many btc.Perhaps it was better for him to destroy or give away those bitcoins.

no, absolutely nothing about it is unfair. whether Satoshi owns 1BTC or 1 millionBTC it doesn't make a difference, those coins were not premined, they are not ICO, they are not shadow mined or anything like that. every single coin was mined and every single block could have been mined by anyone else who wanted to mine bitcoin at the same time as Satoshi. that is the fairest way of distribution. you could have started your computer back in 2009 and use you CPU to find a bock and get 50BTC, the fact that you didn't choose to do that means Satoshi mined those blocks and got the reward.

ps. it is funny how the article uses the word "loss" when talking about the 300k difference, as if it were something that was owned and is no longer in his pocket

[dFRGOLDMEN]

We don't even know is Satoshi Nakamoto alive. Maybe he has 600k or 700k bitcoins, but no one knows about it.

[jeromix]

So if Satoshi's now has 600-700K bitcoins still that is a huge number of bitcoin holding. The equivalency of that bitcoin to fiat money could buy a certain island here in the Philippines. Well Satoshi is already rich when he first develop or created cryptocurrency and in addition with his bitcoin holdings probably Satoshi could chill out in his whole life time.

[anitalxy]

600k-700k is the same guess as 1million bitcoin was. it doesn't matter how much they try to "analyze" things, in the end they will be making a big guess with a large margin of error because nobody really knows how many people and who have been mining bitcoin in the early days.

and it wouldn't make any difference. that is still a lot of bitcoin, in reality it won't affect anything since they won't come into circulation and even if they do, Satoshi is not someone who would dump on the market but people have their own weird reasons for panic.

Very much agree with your point of view.
When I first heard about Satoshi ，I don't think this must be a person's name.
There are many possibilities, and I also believe that this truth should not be dug up.

[TheArchaeologist]

It has often been reported that the creator of bitcoin - Satoshi Nakamoto- has at least a million bitcoins, that could spark a lot of market distortions should those coins ever move from their wallets, but recent report by Bitmex's research team suggest figures 30 percent lower. 600 - 700k bitcoins
What do you think? Any significant difference?

Reference: https://news.bitcoin.com/satoshis-1-million-bitcoin-haul-could-be-smaller-than-first-thought/

It's still a guessing game as the BitMEX article itself states:

...our analysis itself is weak and there is no perfect way of approaching this problem.

And later on in the article:

It is therefore impossible to do an accurate allocation. As a result, our analysis is far from perfect and we used a variety of methods, including statistical analysis, random number generators and even manual review to allocate some blocks.

So both Sergio's estimate as BitMEX's estimate are educated guesses. More certainty could only come when coins get spent..

[Juggy777]

It has often been reported that the creator of bitcoin - Satoshi Nakamoto- has at least a million bitcoins, that could spark a lot of market distortions should those coins ever move from their wallets, but recent report by Bitmex's research team suggest figures 30 percent lower. 600 - 700k bitcoins
What do you think? Any significant difference?



Reference: https://news.bitcoin.com/satoshis-1-million-bitcoin-haul-could-be-smaller-than-first-thought/

There is no official proof that says he had 1 million or less amount of coins, he indeed has a huge coin base but the exact figure has never been known, it's always speculated by these people to create panic. It's pertinent to note that irrespective of the figure, Satoshi will never sell his coin he's the father of bitcoins so no need to ever worry about that. These coins will never come into circulation, but many people will try and create fud and panic in the minds of newbies who are not aware of this fact.

[Bitocek100000]

It's amazing that no one knows who Satoshi is, but they know how many Bitcoins he has. If this person exists, then I'm sure he will not throw his Bitcoins into the market to lower the price.

[kissme09]

It has often been reported that the creator of bitcoin - Satoshi Nakamoto- has at least a million bitcoins, that could spark a lot of market distortions should those coins ever move from their wallets, but recent report by Bitmex's research team suggest figures 30 percent lower. 600 - 700k bitcoins
What do you think? Any significant difference?



Reference: https://news.bitcoin.com/satoshis-1-million-bitcoin-haul-could-be-smaller-than-first-thought/

Who is the Satoshi Nakamoto? Are they an individual or a group of extraordinary people? This is an unanswered question. Does Satoshi Nakamoto own the most Bitcoins in the world and are those who still live in the moment?

[realcrypto]

I will like to see a concrete evidence of the wallet containing that amount of bitcoin you are talking about, else it is just a mere assumption because Satoshi Nakamoto I know is a fighter of financial inequality.

[Lizzyflower]

Why is BitMex interested in the holdings of satoshi, Well, this matter less the holdings of Satoshi. He's not been held from and no one can tell if the bitcoin will ever be move out.

[Blockchain Loyalty]

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[Red-Apple]

What do you think? Any significant difference?

no it makes no difference. because those coins are not going to move so being 600k or 1 million makes no difference. and even if they some day move the resulting panic will be the same as if we say Satoshi had 1 million bitcoin.

Why is BitMex interested in the holdings of satoshi, Well, this matter less the holdings of Satoshi. He's not been held from and no one can tell if the bitcoin will ever be move out.

everyone is interested in Satoshi. Bitmex only did some research and then made a post about it and now the news sites are free advertising their services by quoting that post