Will Satoshi Nakamoto be world's first trillionaire ?

[btcforall777]

all very interesting..

[Cryptopher]

Nah. He would have to sell his coins to become a trillionaire by definition. I can't see the market value of Bitcoin being anywhere near high enough for his current holdings - assuming that he can still even spend them - to amount to enough.

Then you need to find sellers - any spend activity around satoshi's known addresses would cause a huge push for sells.

Maybe he can become a trillionaire in some weak currency.

[CasinoBit]

Nah. He would have to sell his coins to become a trillionaire by definition. I can't see the market value of Bitcoin being anywhere near high enough for his current holdings - assuming that he can still even spend them - to amount to enough.

Then you need to find sellers - any spend activity around satoshi's known addresses would cause a huge push for sells.

Maybe he can become a trillionaire in some weak currency.

LOL, someone is thinking in fiat.

[BitCoinDream]

Nah. He would have to sell his coins to become a trillionaire by definition. I can't see the market value of Bitcoin being anywhere near high enough for his current holdings - assuming that he can still even spend them - to amount to enough.

Then you need to find sellers - any spend activity around satoshi's known addresses would cause a huge push for sells.

Maybe he can become a trillionaire in some weak currency.

Bill Gates is not a billionaire by FIAT. He is a billionaire by considering his MS stock value. So why that would be different for Satoshi ?

[jubalix]

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

there are already many > 1T companies and at least 1 x 10T companies, they are just private/gov. Eg Saudi Aramco

[Cryptopher]

Nah. He would have to sell his coins to become a trillionaire by definition. I can't see the market value of Bitcoin being anywhere near high enough for his current holdings - assuming that he can still even spend them - to amount to enough.

Then you need to find sellers - any spend activity around satoshi's known addresses would cause a huge push for sells.

Maybe he can become a trillionaire in some weak currency.

LOL, someone is thinking in fiat.

With all due respect the question by the OP was termed in fiat.

What's more, the website which the OP linked to says the following:

If anybody holds a huge chunk of BTC (suppose 1 million) and .0000001 BTC equals 1 USD, there will be an eventual BTC trillionaire.

Taken from: http://upalc.com/bitcoin-trillionaire.php

Have you finished lolling yet?

Nah. He would have to sell his coins to become a trillionaire by definition. I can't see the market value of Bitcoin being anywhere near high enough for his current holdings - assuming that he can still even spend them - to amount to enough.

Then you need to find sellers - any spend activity around satoshi's known addresses would cause a huge push for sells.

Maybe he can become a trillionaire in some weak currency.

Bill Gates is not a billionaire by FIAT. He is a billionaire by considering his MS stock value. So why that would be different for Satoshi ?

The MS stocks are very liquid in comparison to satoshi's bitcoins. Bill could go and generate $1 billion from his stocks ASAP, meanwhile there's no guarantee that satoshi could generate the equivalent from bitcoins.

Realistically the only way he could would be to hand over access to the addresses to the prospective buyer on completion of the sale, else the market would tank. Though why anybody would buy the addresses is beyond me.

I don't believe that satoshi's bitcoins could be realistically be included to his networth at the market price.

[johnyj]

Trillionaire in FIAT??? All central banks are.

The biggest scam within fiat money system is: Without first get the ownership of every newly created base money, the central bank can not loan out them (you can't loan out something that does not belong to you, that will be fraud). So they actually own every newly created dollar, so the increase in M0 will equal to the gain of their net worth each year

[findftp]

You wanne be a trillionaire?
How about I give you one trillion grains of sand and you give me one bitcoin.
Does that sound like a good deal to you?

[gambian-]

Come on OP...
You would need 1 billion coins at the price of $1,000 a coin to hit a trillion
Or better yet, 100 million coins at the price of $10,000 a coin
Impossible...satoshi does not own anything close to this much let alone will there ever be this much in existence.
Do some basic math before creating these threads, not hard!

[findftp]

Come on OP...
You would need 1 billion coins at the price of $1,000 a coin to hit a trillion
Or better yet, 100 million coins at the price of $10,000 a coin
Impossible...satoshi does not own anything close to this much let alone will there ever be this much in existence.
Do some basic math before creating these threads, not hard!

Maybe you should do the math:

[gambian-]

Come on OP...
You would need 1 billion coins at the price of $1,000 a coin to hit a trillion
Or better yet, 100 million coins at the price of $10,000 a coin
Impossible...satoshi does not own anything close to this much let alone will there ever be this much in existence.
Do some basic math before creating these threads, not hard!

Maybe you should do the math:
http://bloggingblue.com/wp-content/uploads/2012/02/Billion_Dollar_Bill.jpg?6b854b

Your point??
My math is correct as far as I can see

[findftp]

Come on OP...
You would need 1 billion coins at the price of $1,000 a coin to hit a trillion
Or better yet, 100 million coins at the price of $10,000 a coin
Impossible...satoshi does not own anything close to this much let alone will there ever be this much in existence.
Do some basic math before creating these threads, not hard!

Maybe you should do the math:

Your point??
My math is correct as far as I can see

Ask the people from Zimbabwe if they thought it would ever be possible to pay 100.000.000.000.000 zimbabwe dollar for a loaf of bread.
Now, when a loaf of bread costs 100.000.000USD, do you think a bitcoin could be worth 1 trillion?
If not, do the math again.
Your math is based on a fixed dollar while the dollar is FAR from that.

[walletla]

  not very likely unless USD died or thrid world war

[bbit]

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

Basically, this ^^.

[gambian-]

Come on OP...
You would need 1 billion coins at the price of $1,000 a coin to hit a trillion
Or better yet, 100 million coins at the price of $10,000 a coin
Impossible...satoshi does not own anything close to this much let alone will there ever be this much in existence.
Do some basic math before creating these threads, not hard!

Maybe you should do the math:
http://bloggingblue.com/wp-content/uploads/2012/02/Billion_Dollar_Bill.jpg?6b854b

Your point??
My math is correct as far as I can see

Ask the people from Zimbabwe if they thought it would ever be possible to pay 100.000.000.000.000 zimbabwe dollar for a loaf of bread.
Now, when a loaf of bread costs 100.000.000USD, do you think a bitcoin could be worth 1 trillion?
If not, do the math again.
Your math is based on a fixed dollar while the dollar is FAR from that.

Well to be specific, I mean USD at the current rate at the time of my post.

[Syke]

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.

The estimate of Satoshi's bitcoin holdings (980k) is based on analysis of the data in the actual blocks, not just some sort of address guessing. Bottom line, Satoshi was a persistent miner with significant hardware. He mined a lot of bitcoins which are largely unspent.

http://bitslog.wordpress.com/2013/04/24/satoshi-s-fortune-a-more-accurate-figure/

[justusranvier]

the only possible way this could happen is if Bitcoin completely replaced all the world's fiat.

That has always been the plan, going back from before Bitcoin was invented.

You could say that's the endgame of cryptoanarchism.

[BitCoinDream]

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.

The estimate of Satoshi's bitcoin holdings (980k) is based on analysis of the data in the actual blocks, not just some sort of address guessing. Bottom line, Satoshi was a persistent miner with significant hardware. He mined a lot of bitcoins which are largely unspent.

http://bitslog.wordpress.com/2013/04/24/satoshi-s-fortune-a-more-accurate-figure/

Most of the people here are not ready to accept the outcome of this blockchain analysis for some unknown reason !!!

[findftp]

Come on OP...
You would need 1 billion coins at the price of $1,000 a coin to hit a trillion
Or better yet, 100 million coins at the price of $10,000 a coin
Impossible...satoshi does not own anything close to this much let alone will there ever be this much in existence.
Do some basic math before creating these threads, not hard!

Maybe you should do the math:

Your point??
My math is correct as far as I can see

Ask the people from Zimbabwe if they thought it would ever be possible to pay 100.000.000.000.000 zimbabwe dollar for a loaf of bread.
Now, when a loaf of bread costs 100.000.000USD, do you think a bitcoin could be worth 1 trillion?
If not, do the math again.
Your math is based on a fixed dollar while the dollar is FAR from that.

Well to be specific, I mean USD at the current rate at the time of my post.

I know, but that rate is already outdated 1 millisecond after posting.
You should look at http://www.usdebtclock.org/ to see the progress.
Bitcoin also inflates, but with a known rate, and instead of FIAT paper less and less every day untill they are all mined.

[bitjoint]

What is your opinion ?

First? LOL... There are already loads of trillionaires in Zimbabwe...