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Author Topic: Bitcoin Millionaires  (Read 10171 times)
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April 03, 2011, 07:35:03 AM
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are there any?
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April 03, 2011, 07:44:51 AM
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I doubt it since there are less than 6 million BTC in circulation ATM.  I could be wrong though.  Perhaps one of the early members has a huge hoard of BTC.  If I were them I would.

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April 03, 2011, 11:05:17 AM
 #3

The highest balance is around 400,000 BTC, but that balance may be several owner's wealth grouped together in something like mybitcoin.com

Similarly, one owner may own several of the high-balance addresses.

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April 03, 2011, 06:15:37 PM
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It would be interesting moments when the largest and than eventually the smallest of top100 bitcoin accounts get to  parity with 1mil USD. Both of those parity events would deserve some slashdotting.
An interesting question is how to measure when 1M BTC is equivalent to 1M USD. Right now, selling 1M BTC will deplete all demand at a fraction of the amount. Nobody has the slightest clue what the real value of a BitCoin is.
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April 03, 2011, 06:28:19 PM
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Nobody has the slightest clue what the real value of a BitCoin is.
Speak for yourself, Vandroiy:
The "real" value of 1 bitcoin is given by mtgox.
The "real" value of 1million bitcoins is less clear, but i bet it's not 50% away from mtgox.  for instance, i will pay 0.40 USD/BTC for 500k BTC.
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April 03, 2011, 06:31:20 PM
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Nobody has the slightest clue what the real value of a BitCoin is.
Speak for yourself, Vandroiy:
The "real" value of 1 bitcoin is given by mtgox.
The "real" value of 1million bitcoins is less clear, but i bet it's not 50% away from mtgox.  for instance, i will pay 0.40 USD/BTC for 500k BTC.


Are you serious, will you give 40 cents on the BTC for 500K? Onetime dark-pool trade. IRL contact?

That is $200,000 USD, if you want to come to an agreement in writing, I think I can make that happen.

Net Worth = 0.10    Hah, "Net" worth Smiley
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April 03, 2011, 06:32:16 PM
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Nobody has the slightest clue what the real value of a BitCoin is.
Speak for yourself, Vandroiy:
The "real" value of 1 bitcoin is given by mtgox.
The "real" value of 1million bitcoins is less clear, but i bet it's not 50% away from mtgox.  for instance, i will pay 0.40 USD/BTC for 500k BTC.

I think it's going to be hard to know for sure until volume pics up. I'm guessing hte same as you though, it's not going to change by too much. It's going to depend on the volume in the exchange though and how it's distributed. Assuming something doesn't change for the worse it's just going to become more and more stable though.

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April 03, 2011, 06:36:04 PM
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Nobody has the slightest clue what the real value of a BitCoin is.
Speak for yourself, Vandroiy:
The "real" value of 1 bitcoin is given by mtgox.
The "real" value of 1million bitcoins is less clear, but i bet it's not 50% away from mtgox.  for instance, i will pay 0.40 USD/BTC for 500k BTC.


Are you serious, will you give 40 cents on the BTC for 500K? Onetime dark-pool trade. IRL contact?

That is $200,000 USD, if you want to come to an agreement in writing, I think I can make that happen.

visit #bitcoin-otc.  see you there!
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April 03, 2011, 07:31:41 PM
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Nobody has the slightest clue what the real value of a BitCoin is.
Speak for yourself, Vandroiy:
The "real" value of 1 bitcoin is given by mtgox.
The "real" value of 1million bitcoins is less clear, but i bet it's not 50% away from mtgox.  for instance, i will pay 0.40 USD/BTC for 500k BTC.


Are you serious, will you give 40 cents on the BTC for 500K? Onetime dark-pool trade. IRL contact?

That is $200,000 USD, if you want to come to an agreement in writing, I think I can make that happen.

visit #bitcoin-otc.  see you there!

If someone is actually contemplating selling 500k BTC I would urge them to at least sell as many on the market as to bring the price down to 0.40. More money for the seller - and everyone gets a chance to buy Smiley
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April 03, 2011, 08:09:41 PM
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Are you serious, will you give 40 cents on the BTC for 500K? Onetime dark-pool trade. IRL contact?

That is $200,000 USD, if you want to come to an agreement in writing, I think I can make that happen.

Seriously. Guys... are you actually doing this? Everybody can go out of this in much better shape if we don't starve out the market and then go on a selling rampage!

inb4 "it is all a joke haha"... I'm at the verge of believing it's not.

Please keep me informed. The beans have been spilled anyways *if* this is serious, you might as well talk to a few more traders. I'm in #bitcoin-otc now as well.


Edit: consensus on the chan is now that this is just another scam to get prices to drop. Good job on the trolling. I should've known that a user who joined in March is unlikely to sit on 500k BTC right now.
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April 03, 2011, 10:41:57 PM
 #11

The highest balance is around 400,000 BTC, but that balance may be several owner's wealth grouped together in something like mybitcoin.com

Similarly, one owner may own several of the high-balance addresses.


I didn't realize you could see the balances of different bitcoin addresses.  How?
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April 04, 2011, 12:23:27 AM
 #12

The Script: It's all right in the block chain on your own system. If you don't want to go digging through it, you can also look at e.g. http://blockexplorer.com/address/14BGGTSsiJdCkrVm5CCGyMdjvjheLukGW5

That there is my very own first address.

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April 04, 2011, 01:13:06 AM
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Currently this is the address with the highest balance:
http://blockexplorer.com/a/Vk9eWq6bM

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April 04, 2011, 03:49:38 AM
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(adding the thread to my watchlist)

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
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April 04, 2011, 06:26:57 PM
 #15

Being a Bitcoin Millionaire is very prestigious, there cannot be more than 21 of them. It (will one day be) like owning the american government (CORRECTION, it's like being the sole creditor of the american government).
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April 06, 2011, 11:01:32 PM
 #16

(adding the thread to my watchlist)
I swear, you made it to senior member simply by watching threads! Wink

If you found my post helpful, feel free to send a small tip to 1QGukeKbBQbXHtV6LgkQa977LJ3YHXXW8B
Visit the BitCoin Q&A Site to ask questions or share knowledge.
0.009 BTC too confusing?  Use mBTC instead!  Details at www.em-bit.org or visit the project thread to help make Bitcoin prices more human-friendly.
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April 06, 2011, 11:24:49 PM
 #17


are there any?

Doubtful.  I'd wager that even Satoshi doesn't still own that many.  No way to know, however, which is part of the point.

"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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April 06, 2011, 11:54:33 PM
 #18

Another type of Bitcoin millionaire would be someone that has earned an amount in bitcoins that when sold at the current change rate would cost millions in USD or EUR or similar; if long term evolution of the Bitcoin exchange rate matches the projections, there could be many of this type of Bitcoin millionaires eventually.

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
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April 07, 2011, 12:09:55 AM
 #19

If someone is actually contemplating selling 500k BTC I would urge them to at least sell as many on the market as to bring the price down to 0.40. More money for the seller - and everyone gets a chance to buy Smiley
Exactly. Keep in mind  there are tens of millions people on this planet who can come up with 200K:
http://en.wikipedia.org/wiki/Millionaire
On the other hand, in all likelihood there are at most 3 people who own  500K BTC -- I would be VERY cautious when dealing with someone makes such a claim.
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April 07, 2011, 08:36:09 AM
 #20

Given the illiquidity of the bitcoin market and the transparency of the exchanges, I don't think selling little by little down to 0.40 is a viable plan. And if you try to do that, you can be sure that the chunky 0.40 bid won't be there anymore.
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