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Learning & News => News related to Crypto => Topic started by: TomPluz on February 28, 2024, 01:29:23 PM

Title: Satoshi Nakamoto: World's Top 26th Richest Individual
Post by: TomPluz on February 28, 2024, 01:29:23 PM


Quote

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.

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.


Read more here: https://news.bitcoin.com/satoshi-nakamotos-growing-fortune-nears-entry-into-worlds-top-25-richest-individuals/

(https://static.news.bitcoin.com/wp-content/uploads/2024/02/naka.jpg)


As Bitcoin rises in price, the value of the total BTC that Satoshi Nakamoto mined is now pushing him to be the 26th richest person in the whole world. Yet we know that up to now, he is not yet cashing in with this great fortune and there is no certainty if the man is still alive or already dead...that is to assume that he is an individual and not a group of people. Will Satoshi Nakamoto become a very rich person who has not taken advantage of the money that he should be enjoying...or will we see one day a movement in one of the wallets where his BTC is stacked?







Title: Re: Satoshi Nakamoto: World's Top 26th Richest Individual
Post by: Z-tight on February 28, 2024, 10:56:52 PM
Quote from: TomPluz on February 28, 2024, 01:29:23 PM
Will Satoshi Nakamoto become a very rich person who has not taken advantage of the money that he should be enjoying...or will we see one day a movement in one of the wallets where his BTC is stacked?
Take note that we do not know for sure how many BTC's Satoshi has and they may have coins in wallets that people don't know belongs to them. I don't think Satoshi would ever spend coins from the wallets that people know or think belongs to them, and that is if Satoshi is still alive and somewhere within the community.
Title: Re: Satoshi Nakamoto: World's Top 26th Richest Individual
Post by: notblox1 on February 29, 2024, 01:06:12 AM
No Source and No Country for Satoshi in this report!
Are we counting dead individuals or only alive as richest in the world?  ;D
We dont know who or what Satoshi is, but I dont think he is alive to spend or move any of his coins.
Title: Re: Satoshi Nakamoto: World's Top 26th Richest Individual
Post by: ABCbits on February 29, 2024, 12:07:28 PM
Not really interesting article, since it uses various assumption including Satoshi Nakamoto is an individual rather than a group. While i'm aware old private discussion between Satoshi and others (which relevaed during COPA vs CSW trial) might suggest otherwise, we can't be sure about it.

Quote from: notblox1 on February 29, 2024, 01:06:12 AM
No Source and No Country for Satoshi in this report!
Are we counting dead individuals or only alive as richest in the world?  ;D
We dont know who or what Satoshi is, but I dont think he is alive to spend or move any of his coins.

Source for what? The article state they took data from https://www.forbes.com/real-time-billionaires/#5dfba4773d78 (https://www.forbes.com/real-time-billionaires/#5dfba4773d78). Anyway, i agree Satoshi wouldn't spend or move his coin due to various reasons.
Title: Re: Satoshi Nakamoto: World's Top 26th Richest Individual
Post by: yhiaali3 on March 01, 2024, 05:21:40 AM
This is imaginary wealth, or we can call it just ink on paper. Whether Satoshi is alive or dead, what is the benefit of all this wealth if Bitcoin remains asleep in the wallet forever?

Even if Satoshi were alive, I do not expect him to be able to move the Bitcoin stored in his wallet for a long time for several reasons, including that he has remained hidden all this time and cannot risk moving his wallet because all the world’s intelligence services will follow his movements.

Also, moving these huge amounts of Bitcoin and selling them, for example, will cause a huge dump and a decrease in the price, and this is what I do not think Satoshi wants.
Title: Re: Satoshi Nakamoto: World's Top 26th Richest Individual
Post by: Stompix on March 01, 2024, 03:58:37 PM
We don't know:
- if Satoshi is one guy or a dozen (which would really make the piece of pie smaller)
- if Satoshi is still alive
- if he has access or limited access to those coins
- how many coins he truly has, not all coins were mined by him even in the first year
Title: Re: Satoshi Nakamoto: World's Top 26th Richest Individual
Post by: Don Pedro Dinero on March 01, 2024, 04:07:05 PM
I agree with the general spirit of the previous answers. The title is sort of clickbait for several reasons: we don't know if Satoshi is still alive, if he is one person or several and if he still has the private keys.

For me the most important thing is that most likely nobody has access to those bitcoins, because either Satoshi is dead or he destroyed the keys on purpose as a donation to the rest of bitcoiners. So, to put a pseudonym as one of the richest people in the world on the basis of a fortune that we don't know if he owns seems inaccurate to say the least.