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Author Topic: Satoshi only spent 50 BTC. Here's where those coins are now  (Read 28463 times)
Gyfts
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May 01, 2014, 02:49:24 AM
 #61

Very interesting thread. Pretty cool how bitcoins are distributed.
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May 02, 2014, 08:32:46 PM
 #62

1000 is pretty nice, 1,000,000 is extraordinary
Just 10 is damn good. Wink

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May 04, 2014, 02:34:01 PM
 #63

if he just spent 50 BTC, he still hold lots of btc.
So,why should we sold out our BTC?
just hold it Cheesy

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May 04, 2014, 03:02:09 PM
 #64

if he just spent 50 BTC, he still hold lots of btc.
Note that there's never evidence of somebody holding it - unless they provide that evidence.  The only evidence we have is that other coins aren't spent.  That could be because they're being held, because the address' owner lost or destroyed the keys, or simply forgot about it entirely (not particularly likely option, in this case).

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May 04, 2014, 05:01:27 PM
 #65

if he just spent 50 BTC, he still hold lots of btc.
Note that there's never evidence of somebody holding it - unless they provide that evidence.  The only evidence we have is that other coins aren't spent.  That could be because they're being held, because the address' owner lost or destroyed the keys, or simply forgot about it entirely (not particularly likely option, in this case).

He couldn't have sold the private keys because the buyer would have send the btc to an other address

It is unlikely he is holding to sell it later

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June 12, 2014, 08:29:57 PM
 #66

I'm going to bump this to see if any new bitcoiners would find it interesting. Smiley

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June 13, 2014, 05:46:43 AM
 #67

I wonder if he even knows that the BTC price has risen so high?

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June 13, 2014, 05:57:14 AM
 #68

 I don't understand why people claim he has 1,000,000 bitcoins. There is no feasable proof he owns more than 500 he mined at the beginning. I've looked for hours before in hope to find something that contains proof of his mining of the coins. There really is nothing.

 I believe the 1,000,000 coins is a myth.
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June 13, 2014, 06:02:32 AM
 #69

private keys are lost.  Roll Eyes
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June 13, 2014, 06:44:06 AM
 #70

I wonder if he even knows that the BTC price has risen so high?

When Dorian was "discovered", satoshi came back to say he wasn't Dorian. He's in the loop.

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June 13, 2014, 08:57:46 AM
 #71

pretty interesting thread dude!
You put a lot of work in there to make those scheme's, good job man.
Funny to see how he spend it and how it all got distributed.
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June 13, 2014, 09:43:10 AM
 #72

Oh wow, great alnalysis there. Impressive.
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June 13, 2014, 02:19:33 PM
 #73

Too bad satoshi spent all his 50 coins.

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June 13, 2014, 07:35:31 PM
 #74

I don't understand why people claim he has 1,000,000 bitcoins. There is no feasable proof he owns more than 500 he mined at the beginning. I've looked for hours before in hope to find something that contains proof of his mining of the coins. There really is nothing.

 I believe the 1,000,000 coins is a myth.
We can see most of the blocks that he has mined.
See these threads:
https://bitcointalk.org/index.php?topic=175996.0
https://bitcointalk.org/index.php?topic=507458.0

How we can tell is that the "extraNonce" variable increments every time a block is found, and creates "lines" of blocks that can be traced to individual miners. The largest, most consistent ones were satoshi's "blind miner" which made sure the network operated even when nobody else was mining/confirming transactions. Smiley

Also, so far we've only confirmed him to have 980,000 coins.
I was working on a more in-depth analysis, but school has kept me out of that. I should probably get back on it now, though...

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June 13, 2014, 10:38:52 PM
 #75

Quote
private keys are lost

Proof, or it didn't happen.

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June 14, 2014, 01:53:38 AM
 #76

Quote
private keys are lost

Proof, or it didn't happen.
It's technically not possible to prove that a private key doesn't exist. We can only theoretically prove that it does.

I fully believe satoshi has his coins, and is just waiting for the right moment. Maybe he'll never spend them?

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July 02, 2014, 06:19:40 PM
 #77

From this image:
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FiDMNXFo.png&t=541&c=XEIGWtzYDM2MOQ

Where are addresses of this very large cold wallets?

newIndia
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July 02, 2014, 06:33:14 PM
 #78

I don't understand why people claim he has 1,000,000 bitcoins. There is no feasable proof he owns more than 500 he mined at the beginning. I've looked for hours before in hope to find something that contains proof of his mining of the coins. There really is nothing.

 I believe the 1,000,000 coins is a myth.
We can see most of the blocks that he has mined.
See these threads:
https://bitcointalk.org/index.php?topic=175996.0
https://bitcointalk.org/index.php?topic=507458.0

How we can tell is that the "extraNonce" variable increments every time a block is found, and creates "lines" of blocks that can be traced to individual miners. The largest, most consistent ones were satoshi's "blind miner" which made sure the network operated even when nobody else was mining/confirming transactions. Smiley

Also, so far we've only confirmed him to have 980,000 coins.
I was working on a more in-depth analysis, but school has kept me out of that. I should probably get back on it now, though...

If u believe satoshi is sitting on 1M coins, can u plz list out the related addresses ?

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July 02, 2014, 10:01:43 PM
 #79

I don't understand why people claim he has 1,000,000 bitcoins. There is no feasable proof he owns more than 500 he mined at the beginning. I've looked for hours before in hope to find something that contains proof of his mining of the coins. There really is nothing.

 I believe the 1,000,000 coins is a myth.
We can see most of the blocks that he has mined.
See these threads:
https://bitcointalk.org/index.php?topic=175996.0
https://bitcointalk.org/index.php?topic=507458.0

How we can tell is that the "extraNonce" variable increments every time a block is found, and creates "lines" of blocks that can be traced to individual miners. The largest, most consistent ones were satoshi's "blind miner" which made sure the network operated even when nobody else was mining/confirming transactions. Smiley

Also, so far we've only confirmed him to have 980,000 coins.
I was working on a more in-depth analysis, but school has kept me out of that. I should probably get back on it now, though...

If u believe satoshi is sitting on 1M coins, can u plz list out the related addresses ?
There are thousands. I will eventually make a list. Smiley

Taras
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July 02, 2014, 10:07:24 PM
 #80

From this image:
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FiDMNXFo.png&t=541&c=XEIGWtzYDM2MOQ

Where are addresses of this very large cold wallets?
One of the coins went to each of these addresses:
  • 1Kf33BbrJDuAVC91w9ACtRgf6KJrLWSkHV
  • 1GEPJiMSDvXHU83GhHHxrVmWL7tt7HPVyD

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