Will Satoshi Nakamoto be world's first trillionaire ?

[slaveforanunnak1]

i think the Rothschilds are already trillionaires

Agreed.  If you take their combined family fortune wealth/assets and add them all up far in excess of a trillion dollars imho.

they own countries lol

[jubalix]

Knowing the U.S. and the history of inflationary monetary systems we'll all be trillionaires in no time

This + 1000 and for any central bank.

$1 million is pretty low ball as 1 mill is not that much any more. Looking at some stats lately house have gone up between 5 or 10 x wages in the last 30 years. Where has this money come from?


Printing with banks giving money to themselves and friends.

"A" Beauty of BTC is you can't really short or inflate it.

[leex1528]

so if Satoshi has 1.6 million coins, he would need the value of said coins to be around 30,000 dollars I believe?  Not going to happen.

[TookDk]

so if Satoshi has 1.6 million coins, he would need the value of said coins to be around 30,000 dollars I believe?  Not going to happen.

Your math is broken...

1.6*10^6 * 30*10^3 = 48*10^9

A trillion is 1*10^12.

The value of each of the 1.6 million coins you mention should be:

1*10^12 / 1.6*10^6 = 625000

Each coin needs to be valued $625000 if he should be a trillionaire in terms of dollars.
 

[leex1528]

Yeah I was just quickly guessing without doing math.  That sounds a lot more correct though.  Anyway, not going to happen.

[TookDk]

Yeah I was just quickly guessing without doing math.  That sounds a lot more correct though.  Anyway, not going to happen.

Pretty ok estimate from the hip then, cheers

[GigaBit]

Uhm... the Rothschild family is the world's first trillionaire.

Discover how the world was bankrolled by one evil man using deception at the last Napoleonic war.

[sobitcoin]

Uhm... the Rothschild family is the world's first trillionaire.

Discover how the world was bankrolled by one evil man using deception at the last Napoleonic war.

Although we advance so far in technological terms, the world still feels like it's an emperors and slaves picture... Wait a second....

it is.. 

[jbreher]

... the last Napoleonic war.

I hate to make righteous Rothschild indignation more diffuse, and I can't claim to be a historical scholar, but wouldn't the Napoleonic wars start and end with Napoleon? Is any finer parsing necessary for making the point about wars and central banking?

[newIndia]

so if Satoshi has 1.6 million coins, he would need the value of said coins to be around 30,000 dollars I believe?  Not going to happen.

Your math is broken...

1.6*10^6 * 30*10^3 = 48*10^9

A trillion is 1*10^12.

The value of each of the 1.6 million coins you mention should be:

1*10^12 / 1.6*10^6 = 625000

Each coin needs to be valued $625000 if he should be a trillionaire in terms of dollars.
 

Where do we have the data that Satoshi owns 1.6 million coins ? According to https://bitcointalk.org/index.php?topic=321265.0, he owns 980,000 and it is very unlikely that he mined more with an ASIC after this stash.

[12345mm]

I think the real question is ... do we the people of earth actually want a or any trillionaires to exist ? ... at what point is enough enough ? ... when you have 10 dollars per every person on earth ? ... when you have 100 per every person on earth ? ... 1000? ... will the world actually be a better place if one person claims the title of "money god" ? ... never to be surpassed ever until a solar flare ends electrical society ? ... why not 1 person owns all the resources on earth and everyone else owns nothing and are permanent slaves ? ... is the natural end result of capitalism true hell for all people on earth aside from 1 person / family ? ...

[RocketSingh]

I think the real question is ... do we the people of earth actually want a or any trillionaires to exist ? ... at what point is enough enough ? ... when you have 10 dollars per every person on earth ? ... when you have 100 per every person on earth ? ... 1000? ... will the world actually be a better place if one person claims the title of "money god" ? ... never to be surpassed ever until a solar flare ends electrical society ? ... why not 1 person owns all the resources on earth and everyone else owns nothing and are permanent slaves ? ... is the natural end result of capitalism true hell for all people on earth aside from 1 person / family ? ...

Unfortunately, this is how our world works. You might like to see this - https://www.youtube.com/watch?v=uWSxzjyMNpU

[Honeybooboo]

I think the real question is ... do we the people of earth actually want a or any trillionaires to exist ? ... at what point is enough enough ? ... when you have 10 dollars per every person on earth ? ... when you have 100 per every person on earth ? ... 1000? ... will the world actually be a better place if one person claims the title of "money god" ? ... never to be surpassed ever until a solar flare ends electrical society ? ... why not 1 person owns all the resources on earth and everyone else owns nothing and are permanent slaves ? ... is the natural end result of capitalism true hell for all people on earth aside from 1 person / family ? ...

Why not? As long as they did positive things with it what would be the bad thing about it? I'd like to see what satoshi would actually do if he became a trillionaire. Owning that sort of money could make him come out of hiding (or even actually stay hidden). He could change the world with that sort of money and maybe he may feel obliged to actually use it for good in some way.

[12345mm]

there certainly are some arguments as to the benefit of having an "enlightened dictator" ... really what else could you do if you owned all of the resources of earth other than help people ? ... oh wait .. you could commit genocide on billions so you could convert euroasia into a panda and rhino hunting preserve ...

[steven.G999]

so how easy he makes bitcoin then sell them in large quantities 

[TookDk]

--snip
Btcregistry.com is in my sig if you want to check more historical blockchain data. 

That is a great webpage, good job, if you are the creator!

[havecoch]

There is no way he can sell all that btc without crashing the price to a dollar.

[bf4btc]

In short no he will not be, because there are already a few trillionaires, rothschild to name 1 i doubt they hae the est 500 trillion but they sure have trillions.

Bitcoin has been dropping ever since the bubble and unfortunately it is going to continue  

Think the only reason it ever got to fairy good money was because of gox nothing else, we ladys and gentleman are on a sinking ship.





This is where you shoot the messenger    

[thejaytiesto]

firstly satoshi does not own 1mill coins. sorry but just no..

between 2009-2011 5 mill coins were produced. and trust me there were more then 5 people mining.. do the maths

secondly lets say satoshi had 500k coins instead (again exaggerated but lets roll with it) would require each coin to be worth $2m each.. or if we use the FUD amount of a 1million coin hoard, it would be $1mill a coin for him to be a trillionaire..

so i dont think so..

i do love it when pople dont think before they make topics like this.. its soo easy to rebuttle the solution and move on with our lives

Bitcoin needs to be 1 million per coin eventually, otherwise i'll kill myself and so the world ends.

[manselr]

We don't know how many btc bitcoin has, its all speculation.