Will Satoshi Nakamoto be world's first trillionaire ?

[adoni]

name some living rothchilds

go ahead


here's a head start now show their wealth no where near 1 tril

rothchilds wealth is nothing compared

gates
buffet
oracle founder
yahoo founders
jobs
woz
zuck
twit

apple 600B
MS 500B

there's 1 Tril and nothing like it in the ratchildren family of inbreds

[CasinoBit]

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

[coinmaster222]

An estimation I once saw said that Satoshi merely had 1m coins maximum. I know that this could be inaccurate, but it sounds impossible that 1m bitcoin could one day worth 1 trillion dollars. This would not only require Bitcoin to go up in price, but also the dollar to go down in value to a point where no one wants to sell his bitcoins for dollars so we get ridiculous prices.

[Possum577]

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'm sorry, I missed the explanation. Or maybe I'm not smart enough to get it but simply listing exponential numbers by year doesn't actually explain why those numbers could or would become reality.

[deert]

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 ---

The data is good, but reality is disappointed at the
2015 BTC price on 10,000 USD? This does not seem possible that

[DrG]

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

By his last year in office Obama will probably have QE712 and will have the mint pumping out the trillion dollar coin.

Then he can tell China "debt repaid, shove it" - of course we'll all be dead in WW3.

[minime]

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

da spooks know...

[RocketSingh]

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.

Not really. World's economy is far bigger than 21 trillion USD.

[BitCoinDream]

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

Which govt tax 60% on Bitcoin earning ?

[Technologov]

Satoshi Nakamoto potentially may become the world's first trillionaire, yes.

[galbros]

I think it would be great.  He devised something truly revolutionary that has made all our lives better.

Maybe he goes and rains a billion of it on various gambling sites just to celebrate!

[knight22]

How rich are you when you control the printing press of a currency?

[shawshankinmate37927]

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

Yeah, there were many trillionaires in Zimbabwe as their currency was collapsing.  Same will happen with the USD.  It's not a question of "if", but "when".

[falllling]

Satoshi cashing out some Bitcoins!!!

http://www.reddit.com/r/Bitcoin/comments/2bu43g/who_mined_the_bitcoin_blocks_in_the_first_three/
https://bitcointalk.org/index.php?topic=712502.0

The only people I know for sure mining a significant number of bitcoins blocks in the first three weeks were Satoshi and Hal Finney. Is it common knowledge by now that we know who the first early miners were?
I ask because someone who mined blocks between January 29 and February 7, 2009 has been cashing them out over the past nine months. I'm curious how large the list of likely suspects is.
** EDIT ** I have an article pending on 'Let's Talk Bitcoin' which includes all of the raw data. However, here is just one example of what I'm referring to.
https://blockchain.info/address/15coobWGLz5rTPPLwMqDrC848g5rSqgXX1
https://blockchain.info/address/1CgrbzKje66Pcz1egaAnhr7qEGfdk9atS2
https://blockchain.info/address/1KiCeqdXxzTYeq1dDUi6B1265cqFwsihzm
https://blockchain.info/address/14pDPbeBCCn4CoNKc7YZJnJSWnqfoxf1XF
Mined January 30, 2009 then February 4, 2009, then February 6, 2009, then February 7, 2009.
For those who do not know, the very first bitcoin block ever was mined on January 3, 2009
https://blockchain.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f
The second one wasn't mined until 6 days later on January 9, 2009:
https://blockchain.info/block/00000000839a8e6886ab5951d76f411475428afc90947ee320161bbf18eb6048
So, any blocks from January 30th are absurdly early in this history of the blockchain and only a handful of people could be responsible for this!
These begin with block #2400!!
All spent/transferred within minutes on February 6, 2014!!!!!!!!!!!!!!!!!!!
And these aren't the only very, very, very, early bitcoin blocks which have been redeemed. There have been a series of them, which is included in the data when the article gets published.


So now we know that the million Bitcoin is not lost and the guy still have control of the wallet, the next thing we need to know is if he will be selling some of that million and how, when and to where otherwise to whom (we might know who is satoshi at the end).  

i guess he saw the end of bitcoin bubble is very close now, last chance to sell better than nothing

[shawshankinmate37927]

Not really. World's economy is far bigger than 21 trillion USD.

The amount of debt that will be amassed by the politicians in the US federal government will probably surpass 21 trillion USD shortly after Hillary moves back into the White House.  That would be 1 million USD of debt for each bitcoin that will ever exist.  So, it's not hard to imagine 1 million USD/BTC.

[haploid23]

"Trillionaire" implies that he's that rich in fiat. If this were to be true, then he would have to cash out hit btc to be this rich in fiat. (Lets just put aside how much each btc would be worth for this to happen, because this alone will show how BS this thread is). Now if he really were to cash out all his btc, do you honestly think he would get a trillion dollars, or would it eat up every buy order and crash the price?

[findftp]

It has been discussed in the article Bitcoin Trillionaire.

What is your opinion ?

Bitcoin is maxed out at 21 million so trillion is impossible.
Don't relate bitcoin to grains of sand, stars, water molecules or fiat, it's useless.
Bitcoin IS money.

[Minecache]

1 bit coin at $1m you guys are deluding yourselves.

[Bitcoinpro]

It has been discussed in the article Bitcoin Trillionaire.

What is your opinion ?

yaynay

[BitCoinDream]

1 bit coin at $1m you guys are deluding yourselves.

I'm taking the pain to post it once again for u...

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 ---