Bitcoin Drop Shaves $5 Billion From Satoshi Nakamoto’s Untouched Fortune
Satoshi Nakamoto’s Bitcoin holdings dropped nearly $5 billion in a single day, cutting the estimated value of the stash to roughly $118 billion. Related Reading: Dogecoin Ignites — 60% Volume Boom Teases Potential Rally According to tracking data that ties thousands of early Bitcoin addresses to the name Satoshi, the decline mirrors a wider pullback in crypto markets this week and reflects the sharp swings in Bitcoin’s price. Arkham Intelligence Data Reports have disclosed that blockchain analytics firm Arkham Intelligence expanded the set of addresses it attributes to Satoshi and now....
Related News
The legend of Satoshi Nakamoto lives on. A bitcoin enthusiast that goes by Jim Blasko claims to have found “the lost Bitcoin v0.1 raw data and files.” Skepticism would be the normal reaction to outlandish claims like these, but here’s the kicker: the code is still in Soundforge. That is, Satoshi Nakamoto’s original code disappeared […]
On April 26, 2011, Bitcoin’s pseudonymous creator Satoshi Nakamoto allegedly left the nascent cryptocurrency community to work on other projects. Nobody has been able to track them down ever since. Bitcoin (BTC) creator Satoshi Nakamoto left the cryptocurrency community with a parting message exactly one decade ago today: “I’ve moved on to other things.” In the years since, Bitcoin has evolved from an obscure and esoteric project to a trillion-dollar financial asset drawing attention from governments, financial institutions, corporations and investors. Despite dozens of plausible theories,....
Bitcoin fits into the framework of economic equality, which exposes Nakamoto’s intentions to provide an opportunity to opt out of the financial system.
There is one credible argument about why it is important to know Satoshi Nakamoto’s identity. His public wallets will account for about 5.5 % of the total number of bitcoins which will be in circulation after the 21 millionth – the last- bitcoin has been mined in approximately the year 2140. That theoretically could undermine the decentralization which has played a major role in why people have gravitated towards the cryptocurrency. It could easily be argued that Satoshi Nakamoto controls a number of bitcoins that could enable him to create price volatility if he so chose. The argument is....
Satoshi Nakamoto, the mysterious creator of bitcoin, has a lot of coins that remain unspent. What is he or she likely to do with them, and how might it affect the bitcoin universe? This article was inspired by a CoinDesk commenter, who worried that we don't know much about Satoshi's intentions. "That hoard gives him way, way, way too much potential influence and wealth," they said. Satoshi certainly has a lot of funds. Bitcoin security consultant Sergio Lerner's oft-cited analysis puts the figure at around 1m BTC, based on the early mining that he or she did. Most of those coins were....