Satoshi Nakomoto Owns 1m Bitcoins, and Has The Potential To Become The Richest Man In The World
To date, the uncertainty behind Satoshi Nakamoto is still the absolute enigma of the cryptocurrency world. Since releasing the Bitcoin Whitepaper 9 years ago as of yesterday, Satoshi Nakamoto actively participated in the development of Bitcoin up until December of 2010.
Since then, Satoshi Nakamoto disappeared without a trace and has not resurfaced since. Disappearing with Satoshi, is 1 Million Bitcoins.
With Bitcoins hitting an all time high of USD$6.6k today, that makes Satohis Nakamoto's net worth at around US$6.6 Billion, while holding 1 in 21 of all Bitcoins in existence, including the ones are lost and ones that have yet to be mined.
As if that isn't impressive enough.
No one knows who or where he is, or what his intentions are. Given that at some point, Satoshi Nakamoto decides to flood the market with his Bitcoins, he could very well tank the price of Bitcoin.
I don't see why he would do that however, no reason for him to kill his own baby.
Potentially The Richest Man In The World
Ben Yu, a Bitcoin investor living in San Francisco, says Nakamoto's stake in Bitcoin is even more significant.
"If Bitcoin fulfills its role of becoming a global currency, then Satoshi Nakamoto would likely be the richest person in the world and also hold a proportionately higher share of the ultimate supply of Bitcoin than something like the US government holds in gold today," said Yu.
Yu's math works out. The US government holds the most gold reserves of any other entity in the world, at about 8,000 tonnes.
That's a little over four percent of the world's total supply, less than Nakamoto's five percent stake in Bitcoin.
This of course, hedges on the fact that Bitcoin actually reaching the point of worth that much.
Nonetheless, it is really is a modern day mystery of how one person, be potentially one of the richest human beings alive, and yet no one has any idea who he is, what he may do in the future, or if he is even alive.
What a truly crazy world we live in.
UPDATE : Since the writing of this post, Satoshi Nakamoto has intrigued me so much that I have decided to do super in-depth research into Satoshi Nakamoto and produce a super post covering as much as possible about Satoshi Nakamoto! I have spent 3-4 days just researching and crafting this post and intend to post it this coming Monday so stay tuned!
img credz: pixabay.com
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Thanks @bitopia don't you just love the whole mystery surrounding Satoshi you couldn't make it up. Just the thought he or she is sat there watching the world turn upside down with his invention while keeping quiet waiting for whatever they have planned is an amazing story. I hope they have not lost their private key🙈
I absolutely love it, who would have imagined that a mysteriously unknown person may soon become the world's richest person. Reality is almost like fiction. However, if there is to be one person to become the richest person on earth, I don't think Satoshi Nakamoto is a terrible candidate!
That depends on who it turns out to be😂 Could be Donald Trump!!
Of all the people in existence, I seriously doubt that it could ever be Donald Trump!!!😂😂😂😂
Hey again @dukexox! I came across this image as I was doing my research on Satoshi Nakamoto again and couldn't help but think about you 😂😂😂
I just posted my second post on Satoshi Nakamoto, this time much more in-depth. If you'd like to give it a read, you can find it here :
The Chronicles of The Father of Blockchain : Satoshi Nakamoto [Deep Dive]
Cheers!!
My theory is more, that he simply has removed any access to his wallet, to prevent him from any temptations to cash it out in the future. Because today, there are quite some reasons, why he would like to crash the price (which would hurt the price of BTC - but not the technology or the principle behind it).
Because right now, the heavy speculation (and most likely manipulation, if we consider Tether and Bitfinex) on BTC itself is preventing BTC from being what Satoshi had in mind for it in the first place - being a currency.
This might be an romantic thought, but this is what I would have done back then.
A romantic thought indeed!
That would really be crazy! Can you imagine being Satoshi Nakamoto, having destroyed the keys and watching as the price of Bitcoin continues to rise day by day?
It is seriously such a wonder to who it may be and what he is up to.. I am doing some research on the matter and may do a follow up post on the possibility of who it may be!
Stay tuned!
I am quite sure, that the price and his theoretical riches do not matter to him, if he is alive and content with what he has. Because being filthy rich makes some things easier, but only cretins would actually embrace a hedonistic lifestyle.
There is truth in your statement. Satoshi Nakamoto first surfaced after the economic crisis in 2008, in light of the greed and power-mongering of the centralized financial institutions.
How great, that it is now his very invention, that is slowly yet surely siphoning away power from the centralized financial institutions.
I personally am not so sure, if his goal is achieved the way he wants.
After all, the hashingpower of BTC is mostly centered around big companies.
The currencies are traded in centralized exchanges.
People take BTC as an object for speculation, not knowing any background (be it the technological or the philosophical one).
These are just some issues, a cypherpunk would most certainly not like about this. After all, trading government control for company control would be basically the same in this philosophy, I think.
I agree, Bitcoin may not have turned out exactly as he may have envisioned. Nonethless, Bitcoin paved the way for the possibility of it being achieved. A good example would be Verge Currency
Hey again @randallmaller! I just posted a more in-depth post about Satoshi Nakamoto and I thought you might enjoy it!
Cheers!
The Chronicles of The Father of Blockchain : Satoshi Nakamoto [Deep Dive]