Post
Topic
Board Economics
Re: Satoshi Nakamoto should be richer than Bill Gates.
by
deisik
on 25/04/2017, 11:00:30 UTC
We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?

Hhahaha , this can't be real....

The moment Satoshi would do this (the problem is that he won't quite be able to do it, but let's forget about it) the value of bitcoins would plummet to...guess what 0.
This is the basic selling point of bitcoin , limited supply.

Once we mess with this it's just like printing fiat

Right now top miners are keeping silence on this matter

But what we can do if they decide that the time has come to lift the bar? Bitcoin will certainly crash on this rumor alone, but then they will certainly backpedal on this issue. After a few iterations of this process people will get used to the frictions as well as be ready to accept the changes and not give a fuck anymore about Bitcoin cap or whether it remains the same. As the proverb goes, a little can go a long way while small strokes fell great oaks
then, what is the exact reason of satoshi not moving his bitcoin even a cent worth of bitcoin, a little movement could affect the whole crypto world?

No one knows the exact reason for that

Maybe, he has already passed away since some folks are claiming that Satoshi was Hal Finney who died in 2014 or Dave Kleiman who died a year earlier, or he might have destroyed the keys himself and now doesn't want to appear in the public eye any more. If these coins were moved, no one could predict what effect that would create. Some think that the price would crash, while others insist that it would actually provide support to Bitcoin since its founder would be still alive and kicking