Post
Topic
Board Bitcoin Discussion
Re: Curious- Does Satoshi really own over 1 milion of BTC?
by
kik1977
on 27/02/2014, 13:39:01 UTC
1) i HAVE REAad in many places that Satoshi owns still around 1 milion of BTC (or even 1,2 milion). Is that a rumour or is it true...?

2) Is the adresses (on blockchain) of these coins known? Can they by tracked? (if he moves them?)

3) Did he move the BTC sometime after his disappearance?

The answer is in the blockchain! Start from here https://blockchain.info/block/00000000839a8e6886ab5951d76f411475428afc90947ee320161bbf18eb6048 and move forward. This is the first block, by any mean mined by Satoshi. You can see to which address the 50 newly mined bitcoins went and if they moved or not. Since the blockchain is open to everyone, you can see if those coins move.

that's only for one block what's the address for the million coins he owns?

Sure, that's only the first block, but you can "easily" guess how many blocks have been mined by himself alone. For several days, if not weeks, he was (or they were) basically mining alone, testing the system, if you calculate 50 bitcoins every 10 minutes for the whole period he was mining alone, you can guess how many bitcoins he has. Has Rannasha said, there were many previous threads on this and based on several technical patterns (including the way his computer was generating nonces to come up with the right hash), the 1 million was estimated.