But I guess Satoshi got Hans Gruber's money when he fell off the building.
Posted on 02/25/2024 9:01:52 PM PST by NoLibZone
2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This uptick in price has significantly boosted the net worth of Bitcoin’s mysterious creator, Satoshi Nakamoto, elevating the value of the inventor’s holdings by almost $9 billion within the last two months.
Bitcoin Creator’s Wealth Reaches $51B, Stash of Bitcoin Climbs Nearly $9B Higher in 2024
It is believed that upon the inception of the Bitcoin network, its founder, Satoshi Nakamoto, also mined the digital currency, amassing between 1 and 1.1 million BTC.
The consensus among most estimates suggests that Nakamoto likely gathered around a million coins. Holding a million bitcoins places Nakamoto’s net worth at approximately $51.56 billion. Furthermore, were Nakamoto to be ranked on the Forbes Real-Time Billionaires list, the creator of Bitcoin would stand as the 26th richest individual globally.
Satoshi Nakamoto's Growing Fortune Nears Entry Into World's Top 25 The 24th through the 27th richest in the world if Satoshi Nakamoto was included in the billionaires’ list on Feb. 25, 2024.
Nakamoto’s fortune places the inventor just below Julia Koch, Charles Koch, and their family, who have built their wealth through Koch Industries, a conglomerate established in 1940 by Fred Koch. As of Feb. 25, 2024, Julia and her relatives boast a fortune of $61 billion, while Charles and his heirs command $55.7 billion. The creator of Bitcoin ranks above Colin Huang, also known as Huang Zheng, the 27th wealthiest person worldwide. Huang’s riches stem from his entrepreneurial success in China, where he launched Pinduoduo, the nation’s leading agriculture-focused e-commerce platform.
Bitcoin’s inventor doesn’t have all one million bitcoins in a single wallet; instead, Nakamoto’s holdings are dispersed among thousands of wallets. Theoretically, should Nakamoto be active and able to access these assets, the creator would have significantly more liquid assets than many on the Forbes Real-Time Billionaires list, including Elon Musk. For instance, centi-billionaires such as Elon Musk and Jeff Bezos each have over $190 billion, but much of their wealth is locked in the companies they own shares.
This scenario suggests that while other Forbes list members might have a higher net worth than Nakamoto, they lack the same level of liquidity. In theory, Nakamoto could mobilize these assets swiftly. Yet, this comes with a caveat: moving such ancient, Nakamoto-mined bitcoins would likely send shockwaves through the market, potentially causing the price to plummet before Nakamoto could exchange the funds. While purely speculative, it’s conceivable that the market could absorb such a sell-off, even from Nakamoto.
To this day, the true identity of Nakamoto remains a mystery, and the blockchain pioneer has not spent a single satoshi of the million-bitcoin hoard. There’s a chance Nakamoto is no longer alive, with the coins remaining inactive on the ledger indefinitely. The enduring dormancy of these coins for well over a decade underscores the possibility that Nakamoto’s bitcoins may never be spent. Nevertheless, these coins remain forever linked to Nakamoto’s name and legacy, and it’s conceivable that Bitcoin’s creator could eventually emerge as the wealthiest person or entity in the world.
The only problem is — NOBODY HAS BEEN ABLE TO IDENTIFY WHO THIS SATOSHI NAKAMOTO IS. Is he even real?
He is the cousin of Kaiser Souzae.
I don’t think he’s real. I’m convinced that Bitcoin, and other E-currency, is just a way to remove real money from people for vapour money.
It’s how all ponzi schemes work.
Satoshi Nakamoto may be one person, he/she may be a group of people. He/she may actually be a government agency like the CIA, or may be the Federal Reserve.
We increasingly live in a world where everything is fake.
When real money comes in, bit-coin gets issued. There is nothing backing bitcoin if the compter gets turned off, but somebody has made over a trilion dollars.
I don’t believe it’s real, although I do wish I had heard of it when it less than a penny a bitcoin. I would have bought in and sold out and retired.
You are free to believe it’s real, but I see all the hallmarks of a fraudulent scheme that was backed up by a few billion dollars, which has been returned by now into the pockets of those who fronted the money.
No. Turning a computer off does not make Bitcoin disappear. You’d have to turn off the entire internet. Everywhere.
Anything virtual has an off-switch somewhere.
I will believe that it is real, and not a CIA project, when Christ tells me that it was real and not a CIA project.
The world has given somebody about $26 billion to play with.
You don’t understand how bitcoin works. It is open-source software, so anyone can examine it and anyone can be involved in the dev process for updating it. If there were any backdoors or kill switches we’d all know about it (and the value of Bitcoin would be 0, not $1 trillion as it currently is).
That is what they tell you. Do you really think an intelligence agency is going to tell you they created it
I’d rather have Jesus than silver or gold.
If one is rich “in Christ” the lure of worldly wealth doesn’t mean much.
You’re wallowing in ignorance, but let me close out by pointing out that Bitcoin is a direct attack on fiat, government-controlled financial systems. An intelligence agency of a country with such a financial system would hardly implement a cryptocurrency that subverts itself.
I’m wallowing in suspicion, because anything too good to be true probably is.
By selling the independence of government fiat, it gets people to use it. By using it, it gets to be studied. I think that’s all it really is, a study on how e-coin can be used.
While it is possible that I’m wrong, this seems too convenient.
But I guess Satoshi got Hans Gruber's money when he fell off the building.
They unleash deranged fury upon all crypto technology that is not Bitcoin, and have even supported the SEC and other government orgs to attack non-Bitcoin assets and companies (e.g. supporter Gensler, supporting the SEC attack on Ripple).
Satoshi’s anonymity is a part of their religion, and the media is too stupid to see through the charade and actually follow the relatively easy trail to Satoshi’s identity.
When he becomes just a guy, with interests of his own, the Maxipads feel Bitcoin will lose its luster.
But at this point, with Bitcoin slowly dominating the world, I don’t see the point of keeping the theatrics.
Please share with us, using your specific advanced knowledge of C++ programming, how you write a “virtual on/off switch” into an open source C++ application, and how you can hide it from everyone in the world.
You know there are forks of Bitcoin, right? Separate installations of Bitcoin that have branched off into entirely different cryptocurrencies and mining networks. Do they have this “on/off switch” too?
Who told you that “anything virtual has an on/off switch”? Like, specifically, where did you learn that, or, who told you this?
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