Co-founder of Bitcoin.com sells all his Bitcoins, says it’s “as good as useless”
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We don't know the true identity of Satoshi Nakamoto, the creator of Bitcoin. We don't know if Nakamoto is a singular person or a group of people. We don't even know if Nakamoto is alive or dead. But if Nakamoto is a single person, they're currently the 52nd richest person in the world when measured against Forbes' list of billionaires.
And judging by the way Bitcoin's price has exploded, they might soon sit on top of that list, potentially as the world's first trillionaire. Bitcoin just made the Winklevoss twins billionaires. That would slot Nakamoto around 52nd near German retail overlord Dieter Schwarz. Satoshi's actual fortune isn't easy to sum up, as his bitcoins — the first coins created on the Bitcoin network — are scattered over hundreds or thousands of addresses.
But according to research by Sergio Demian Lernerthe figure is likely aroundbitcoins a debate on the Bitcointalk forums on this topic hasn't reached a consensus, but most people agree the figure is around 1 million coins. There's plenty of skepticism around the future of Bitcoin's price founder of bitcoin cashes out whether or not Nakamoto will ever be able to cash out for even a fraction of that amount.
Bitcoin proponents, however, are predicting that the explosion is just the start. If they're right, the notion that Nakamoto could become the world's first trillionaire is suddenly not inconceivable. The projection that Nakamoto could become the world's first trillionaire comes with several caveats. Save for some early test transactions, Satoshi's bitcoins have never moved. For all we know, he's never spent a single bitcoin. In his communication on forums and emails, they mostly focused on the development of Bitcoin, and they definitely never talked about Lamborghinis or yachts.
And he's been completely silent after his last email to former Bitcoin developer Mike Hearn in April Are pseudonymous people eligible for the Forbes Billionaires list? Because Satoshi Nakamoto is now comfortably in the top richest people in the world.
Lee binarybits December 7, But there's still a very real possibility that there is a Satoshi Nakamoto out there that's very much alive. Craig Wrightan Australian entrepreneur, "outed" himself as Nakamoto in Mayonly to have his house raided by the authorities within hours. Volumes were written about Nakamoto's possible identities, and no theories have proven conclusive. And new theories arise all the time, especially as the price of bitcoin — and Satoshi's potential fortune — skyrockets.
In fact, I set out to write this very text just months ago and gave up after a few sentences. I didn't founder of bitcoin cashes out that would happen for quite a while. Fast forward to today, and the price of Bitcoin is up 1, percent this founder of bitcoin cashes out, far beyond the predictions of even the most bullish Bitcoin experts. The way things are looking now, I'd be surprised if Satoshi didn't break the top 10 list next year.
But let's, for a second, take this a step further. It's a crazy figure but founder of bitcoin cashes out that has been thrown around before, for example, by hedge fund manager James Altucher. This type of sustained growth does not happen often — even the most successful companies such as Apple or Google grew at a much slower pace. But look at that Forbes list and name one other person other than Nakamoto who has founder of bitcoin cashes out better chance of becoming a trillionaire soon.
Satoshi is not the only person who owns enough bitcoins for his fortune to become noticeable. Prominent Bitcoin investors Barry Silbert and Tim Draper, both of whom bought a significant amount of bitcoins from the U. Founder of bitcoin cashes out made the decision not to auction those bitcoins right away or perhaps it was the slow grind of bureaucracy potentially earned the Bulgarian founder of bitcoin cashes out billions of dollars.
At some point, the price of Bitcoin will stop rising — or it will at least slow down considerably. But its growth in the last two years has been so extraordinary founder of bitcoin cashes out no prediction seems entirely impossible.
And with each price jump, Satoshi's possible fortune becomes more incredible — and founder of bitcoin cashes out dangerous. What happens if Satoshi decides to move some of his coins? No one knows — but Founder of bitcoin cashes out did, in part, thrive due to its founder's anonymity.
A single transaction, a fraction of a bitcoin sent from Satoshi's address to some other address, could cause major ripples in the cryptocurrency world. And therein lies the catch. If Satoshi tries to spend any of his fortune, they might cause irreparable damage to Bitcoin. Suddenly, there would be a head to cut off — or at least disagree with. And if they want to remain anonymous, all they get from his invention is watching as his potential fortune increases, a fortune that they cannot spend.
Given Satoshi's silence in the last six years, it's quite likely that we may never hear from him or her again. And it's not unimaginable that one day the richest man in the world — perhaps even the first trillionaire — will head Forbes' billionaires list with a placeholder photo.
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