Will Satoshi Nakamoto be world's first trillionaire ?

[upal]

It has been discussed in the article Bitcoin Trillionaire.

What is your opinion ?

[cbeast]

There probably already is a trillionaire in the House of Saud. If not, then the next war will make one.

[tntdgcr]

depends , do you think there might not be a couple controlling parties with so much time to put together so many trusts, corps, and businesses over decades or generations to be worth over that ?

By not being able to enumerate them all, we'd never know

[franky1]

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

[adoni]

Actually I've read that the first trillion dollar company may be a bitcoin related company

Satoshi is like the mist, vapor, intelligence reports say the name is FAKE

So if he does have 1M coins 1K btc makes he only a billionaire

$100K btc could have to occur to make him a trillionaire IF he really owns 1M bitcoin

Now if 1M btc occurs he would be the first 10 digit trillionaire IF he really owns 1M bitcoin

Apple is or is one of the top valued companies in the world, only 600Bil in cap value.

Now a company that acquires a large percentage of btc or develops must use tech for btc or a legit btc exchange or bank, may become a trillion buck asset in the article I read.

I'm sure the NSA knows who he is and from what I've heard they think he's a composite of multiple people.

Through reading the core code.

So the original 'people' creating satoshi all had their original ip's traced down from years ago and the spooks know who the movers are

That's my OPinion

Now you can all say Satoshi is real, he exists etc.

Maybe one person wrote the white paper on bitcoin, but the core had several personalities on it from what I've heard.

So let's say it was 4 people, 250K of the 1M stash each then

But if one person, ok they say 'he' or it may be a she or whatever, owns 1M btc

If he or she steps out into the light, and says here's my public keys then that's how you know what the person owns IMO

Now if you all have some old post here showing how he acquired 1M btc so fast, fine, if no miners maybe he did, at what point did mining become hard enough not to produce many coins.

So a graph showing when coins were minted can be used to figure out # of miners and then it may be possible to figure out what miners got the easy early btc

[farlack]

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

Actually you're right, its more like 900,000.

[keanbosch]

AFAIK There are already trillionaire's but doesn't want to show off because IRS will be chasing them.

[franky1]

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

Actually you're right, its more like 900,000.

nope its not.

the FUD about how many coins he got is based on people adding together all the different addresses of the coins from january 2009 forward for a few months.. but im sad to say that satoshi, hal finney, and a few other notable names all were mining at the same time. it was not just satoshi by himself.
by christmas 2009 theres were DOZENS of people mining, not just 5, i only used 5 in last post as a random number, but there were alot more.. so they were all sharing the rewards out, meaning its impossible for satoshi to have anywhere close to 900k - 1mil coins. sorry but that bubble of fud had to burst

so lets just break down 2 years of mining. (5.25mill coins.)
1year=2.625

so lets say there were 10 people mining bitcoin version 0.1 for the first month-to a year
satoshi gets 262,500 coins
lets say by december 2010 there were 3000+ people (oh look theres a user registration number to prove the number of users went that high at the time https://bitcointalk.org/index.php?action=profile;u=3027)
so knowing there was 2.6 mill coins generated in that year and upto 3k users in the bitcoin ecosystem.. equates to less then 1000 coins

obviously 2010-2011 more users and the year satoshi vanishes. again less than 1000 coins.,

bringing the more realisti total to be under 300k..

but lets pretend that for 3 years (2009-2011) there were only 10 people.. yea lets play that exaggeration game even though the link proves there were thousands of users as of 2011..

but 10 people would only equal 787500 coins he would have over the 3 years.. not 900k, not 1 million.. but like i said that me exaggerating the low populations.. where as the reality puts satoshi to hoard AT MOST 300k coins..

[slaveforanunnak1]

i think the Rothschilds are already trillionaires

[BitCoinDream]

AFAIK There are already trillionaire's but doesn't want to show off because IRS will be chasing them.

LoLz... there is a world outside USA where IRS cant do anything.

There probably already is a trillionaire in the House of Saud. If not, then the next war will make one.

But, AFAIK there is no confirmed trillionaire individual as of yet.

[Meuh6879]

not a problem if he sells regulary is trillon of "equivalent in FIAT money" to beginner entering in bitcoin...

[BitCoinDream]

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

I have a statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

[Inotanewbie]

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

I have a statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

I don't think it is realistic for bitcoin to have a 1000% return every year for this long. 

[BitCoinDream]

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

I have a statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

I don't think it is realistic for bitcoin to have a 1000% return every year for this long. 

If u look upto 2014, i.e. 2/3rd of the total period under consideration, the figures are almost true. Rather 2014 target of 1000 usd has already been achieved in 2013 and it'll most likely repeat in 2014.

[Chef Ramsay]

No way to confirm exactly but it's not crazy talk to say that the Rothschild family has trillions in assets and bank ownerships throughout the world.

[keithers]

AFAIK There are already trillionaire's but doesn't want to show off because IRS will be chasing them.

Don't think there are any trillionaires in the United States.   Elsewhere would be out of IRS reach..

[S133p]

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

I have a statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

I don't think it is realistic for bitcoin to have a 1000% return every year for this long. 

If u look upto 2014, i.e. 2/3rd of the total period under consideration, the figures are almost true. Rather 2014 target of 1000 usd has already been achieved in 2013 and it'll most likely repeat in 2014.

at one point the law of large numbers will take effect to prevent further growth at these rates. You should also keep in mind that previously the market cap of bitcoin was very small.

[Lorenzo]

Well, Satoshi has 1 million bitcoins, or about 1/21 of all the BTC that will ever exist. If Bitcoin's market cap ever reaches $21 trillion, then he would be a trillionaire.

In such a world, 1 BTC would be worth $1 million, and 1,000 BTC would be worth $1 billion. Other than hyperinflation, the only possible way this could happen is if Bitcoin completely replaced all the world's fiat.

[adoni]

even on a million btc it would have to get to 240K a btc

since the gov will want 60% in taxes

so 2.4 tril nets you a trillionaire

haha

you make a trillion you only got 400Billion

hehe

[ThomasCrowne]

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.