Quote from: Fiord on June 14, 2018, 03:51:03 PM

Tanks for the constrictive comment, it would be my pleasure to answer it:

Quote from: BrewMaster on June 14, 2018, 02:40:04 PM

Quote from: Fiord on June 14, 2018, 11:55:05 AM

I learned from the study conducted by the chainalysis that Five million bitcoins (one third of available supply)

and i can't help but notice the numbers you quoted don't even amass to 2 million let alone 5.

You mean the "six largest bitcoin holders don't even amass to 2 million "? that is the biggest known bitcoins holders that I found in the net, I am sure that there might be bigger holders, but their identity is unknown, I added them just as an interesting fact to know.

Quote from: BrewMaster on June 14, 2018, 02:40:04 PM

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7.4 million in total long-term investment.

now i am confused. you said 5 million now you say 7.4? what am i missing here.

One thousand it is the investors which has big amounts of bitcoins in their wallets, they have got 5 million, the rest 2,4 million belongs to small investors, that are holding a little amounts of BTC.

ok that clarifies things. but now the problem is that among those 1000 you have no way of knowing who owns what. i may possess 100,000BTC but i spread them around. 10,000 on different exchanges to manipulate the market (so the exchange cold storages should show a higher price) 10000 in a business i run. the rest i spread among multiple addresses so that nobody knows any better.

or the opposite, i run a business (like Coinbase) and i handle hundreds of thousands of accounts with a lot of bitcoin. i put them in one cold storage address. am i a holder in that 1000 you mentioned?
how do you differentiate these two?

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Quote from: BrewMaster on June 14, 2018, 02:40:04 PM

Quote from: Fiord on June 14, 2018, 11:55:05 AM

1. Satoshi Nakamoto - 1 000 000 bitcoins, which are still untouchable.

an estimate not facts. so it can not be accurate.

I did not know that, you mean that there in no one address with 1 000 000 bitcoins on it? There is many, which thought to belong to Satoshi?

yes. it would have been easy if that were true Cheesy

what happened is that we know Satoshi was mining bitcoin from day 1 and continued doing it for a long while. so some people started calculating like this:
(50BTC block reward * 144 block/day * X days) - (the coins that others were mining) = 1 million BTC
we don't know how long he mined, we don't know who else was mining and how much so the result is a guess at best.