Post
Topic
Board Economics
Re: Satoshi Nakamoto should be richer than Bill Gates.
by
Xester
on 25/04/2017, 12:00:55 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.

The assets of Bill Gates is considered to be fixed and its value is not fluctuating and thats why Satoshi Nakamoto could not be much richer than Bill Gates at this point of time. But later in the future when bitcoin hits 1 million dollars each then possibly thats the time that Nakamoto could be more richer than Bill Gates. But there is a downfall on bitcoin if Satoshi Nakamoto dumps his bitcoin and convert it to cash so he can compete in terms of wealth to Bill Gates.