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Author Topic: 1 million BTC wallet  (Read 639 times)
Kong Hey Pakboy
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March 21, 2021, 06:00:50 AM
 #21

Its safe to assume that this is just a mere speculation. How could you say you'd learned it as we can checked the blockchain explorer for those top wallets holding tons of bitcoin doesn't have a wallet with million accumulation alone. That's gonna be a huge money and a person holding a million of BTC is gonna be a top position to either dump or pump it on market.
And if there really is a 1 million bitcoin wallet then the news outlets would be covering that story a long time ago. Not to mention that it isn't smart to put that amount of bitcoin in just one wallet, that is like giving away free money to someone who attacks you.

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March 21, 2021, 06:49:44 AM
 #22

I think no wallet will just store the funds in a single wallet for sure there will be spread out there to avoid getting problems with the transactions. If you are talking about worth a million I guess there is someone but if you are talking about exactly 1 M of BTC I guess the only have is Satoshi Nakamoto.

Better spread out the money and avoid stick into a single wallet
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March 21, 2021, 06:56:45 AM
 #23

How can anyone aside the actual owner of the said wallet guess who is the person behind the coins? I believe you're asking rhetorical questions, BTW what happened to privacy policy involved in dealing with Bitcoin and cryptocurrency generally? Are you a government agency looking for how to nab someone behind the wallet? Take some few sits back and have a nice nap you're not making any sense with this.

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March 21, 2021, 05:01:52 PM
 #24

I see that it got your attention since the total supply of bitcoins is only 10,000,000 so that wallet holds the 10% of the total supply.
The total supply is (just short of) 21 million. The current circulating supply is 18.66 million.

There's no source to this assumption and might this theory is true or just a rumor.  It might be Satoshi holds a Million of Bitcoins but not on a single wallet.
I wouldn't say there is "no source". There have been a number of analyses of early mining activity, which is where the figures of Satoshi owning 500,000 - 1 million BTC come from:

https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/
https://cryptowords.github.io/the-return-of-the-deniers-and-the-revenge-of-patoshi
https://blog.bitmex.com/satoshis-1-million-bitcoin/

Whether or not these are accurate is another discussion.

OP and some others replying are confusing these two concepts.
Not only that, but people also do not understand that "wallets" are completely fluid, and there is no requirement for a wallet to only include addresses generated from a single entropy source or seed phrase. We could simply import a bunch of private keys (if we knew them) in to the same wallet and create a wallet with over 1 million bitcoin without making a single transaction.
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March 21, 2021, 05:13:09 PM
 #25

There is a possibility that Satoshi owns this many coins, although it based on blockchain research and some educated guesses, and is not known for sure.

I also came to the same conclusion there’s a good possibility that satoshi owns that many bitcoin but i doubt he’ll store it in a single address obviously for security purposes.
Also, is there and why to scan as many addresses as possible and getting the amount of btc those address have.
It’s highly unluckily that such an address with that many btc exists but it’s also a possibility.
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March 21, 2021, 05:16:57 PM
 #26

I also came to the same conclusion there’s a good possibility that satoshi owns that many bitcoin but i doubt he’ll store it in a single address obviously for security purposes.
You don't have to "doubt". You can check a block explorer and see it by yourself that there's no address that holds that many bitcoins.

Also, is there and why to scan as many addresses as possible and getting the amount of btc those address have.
Bitcoin balance checker.

It’s highly unluckily that such an address with that many btc exists but it’s also a possibility.
You're either an A.I or a guy that has ran out of ideas to fulfill his posts. Or even worst, both.

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March 21, 2021, 06:13:33 PM
 #27

I love such rumors, I probably also have so much in my wallet, but I do not have this confirmed xD ... Fact, there are people who at the beginning could accumulate a large amount of BTC, but why do you need such knowledge. This is yours: P.
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April 29, 2021, 06:34:05 PM
 #28

I recently learned that there is one wallet in the world with 1 million BTC attached. Who do you think it could be?

I think it could belong to Satoshi.  Grin  Because Satoshi has been HODLing from the start and will continue to do so as I know. We don't even know if Satoshi is alive though. But dead or alive, it will not prevent Satoshi from continuing to HODL.

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April 29, 2021, 06:41:48 PM
 #29

If no one has used this wallet for a long time, there are only two options for what it can be. The first option: the wallet was created in ancient times when no one took bitcoin too seriously and bought a couple of pizzas for 10,000 thousand bitcoins. The second option is some person who has also been mining bitcoins for a long time and stopped at a round sum and forgot about them. There is also a third conspiracy theory that this is some kind of super investor who can bring down the market someday.

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April 29, 2021, 06:58:21 PM
 #30

It could possibly be owned by Satoshi because he's the creator of Bitcoin but since there isn't any proof, things like this could only be considered as an assumption and theory. We all know that to turn our assumptions into facts, we have to gather enough proof to prove our speculations because fake news is just around us so people would always look for evidence.
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April 29, 2021, 07:21:37 PM
 #31

It could possibly be owned by Satoshi because he's the creator of Bitcoin but since there isn't any proof, things like this could only be considered as an assumption and theory. We all know that to turn our assumptions into facts, we have to gather enough proof to prove our speculations because fake news is just around us so people would always look for evidence.

I don't think there is such a wallet and posters above confirm that there are no such wallets. What OP is claiming is some urban legend that you shouldn't worry about.

Even if there was such a wallet, it wouldn't be an active user. Nobody in their right mind would keep so much money on a single address. These would be split to a number of addresses and cold wallets for protection.
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April 29, 2021, 11:59:57 PM
 #32

It could possibly be owned by Satoshi because he's the creator of Bitcoin but since there isn't any proof, things like this could only be considered as an assumption and theory. We all know that to turn our assumptions into facts, we have to gather enough proof to prove our speculations because fake news is just around us so people would always look for evidence.

I don't think there is such a wallet and posters above confirm that there are no such wallets. What OP is claiming is some urban legend that you shouldn't worry about.

Even if there was such a wallet, it wouldn't be an active user. Nobody in their right mind would keep so much money on a single address. These would be split to a number of addresses and cold wallets for protection.
Plus satoshi has bitcoin all over the address used to received mining rewards back then and its been there for ages without any transfer, satoshi might have almost million btc but it doesn't stored in just single address nor even a hundred of address
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April 30, 2021, 09:04:23 AM
 #33

We cannot assume who owns the wallet. What is clear, we can only see the contact address only.
And I am sure that if there are that many in one wallet, chances are that the one who has it is not new to the crypto world

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April 30, 2021, 09:14:35 AM
 #34

The rumors say it is that of Satoshi which has kept for himself 1 million Bitcoins in different wallets.We will never come to know because we still don't even know if Satoshi is a person,a entity or a government.

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April 30, 2021, 09:23:55 AM
 #35

There is no 1 million Bitcoin wallet but there is someone that has a 1 million bitcoin and that is satoshi, only satoshi has that and I don't think that satoshi will put all of it in just one wallet, that's a one strike one kill for satoshi if he forgot that one wallet.
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April 30, 2021, 09:27:29 AM
 #36

There is no 1 million Bitcoin wallet but there is someone that has a 1 million bitcoin and that is satoshi, only satoshi has that and I don't think that satoshi will put all of it in just one wallet, that's a one strike one kill for satoshi if he forgot that one wallet.

You are wrong and you have a lot to learn. A wallet can contain any number of addresses.
So it can happen that some entity has that many coins, even if it's not Satoshi. If you would have read a few more posts before posting, you'd already know this much.

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April 30, 2021, 10:07:29 AM
 #37

~snip

You are wrong and you have a lot to learn. A wallet can contain any number of addresses.
So it can happen that some entity has that many coins, even if it's not Satoshi. If you would have read a few more posts before posting, you'd already know this much.
If there are other people that have a million of bitcoin then we should've known about it. I know the part about the wallet but one wallet containing many addresses means that if the wallet is compromised then so is the addresses inside it.
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April 30, 2021, 10:42:03 AM
 #38

I recently learned that there is one wallet in the world with 1 million BTC attached. Who do you think it could be?

I do not believe there's a single wallet that holds 1 million btc. Like many already pointed out, the highest amount of btc a wallet has ever held is 143k btc. However, it is possible that one person holds even more than a million units of btc by storing them in multiple wallets.
You should also know that only person or people that could have that huge amount of btc would be either Satoshi himself or very adopters of bitcoin. As the current price of bitcoin, it's way to expensive to buy that huge amount of btc.

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April 30, 2021, 11:48:24 AM
 #39

The rumors say it is that of Satoshi which has kept for himself 1 million Bitcoins in different wallets.We will never come to know because we still don't even know if Satoshi is a person,a entity or a government.
That is right. We do not know who is the owner of that wallet and we do not even know if that is Satoshi. We can only see if that wallet has a large amount of bitcoin, but to search for the owner's owner, I guess that will not easy.

I never want to know who the wallet owner has a big amount of bitcoin because that is not important to me. Besides that, the owner will not reveal himself to the public, especially when the bitcoin price reaches $54k.

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May 01, 2021, 06:43:40 AM
 #40

If there are other people that have a million of bitcoin then we should've known about it.

Bitcoin's pseudo-anonymity allows entities hide their wealth if they want to. Not everybody feel it necessary to brag about how many coins he has.
And an example I've seen lately is Coinbase, for which the cold wallet addresses are not easy to find out, but they had not long ago 994904BTC.
I know that it's not the best example, since it's not their money, but it's an example that shows that this can be done rather easy.

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