Post
Topic
Board Development & Technical Discussion
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
adultcrypto
on 10/08/2023, 14:17:10 UTC
Satoshi himself is the greatest Bitcoin hodler because he exited that characteristic of long term view when he lock the about 15 million bitcoin from the world and no a bit have been moved from that wallet yet even with all the price ATH that have forced many dominant wallets to make transactions and carrying out coin moving after a long period.


But nothing like that have been noticed with Satoshi wallet it has remain inactive,  to an ordinary jack,  this is a steel hand hodler,  because not many can do what Satoshi have done in the space of Bitcoin development and existence.

This number seems so strange and unbelievable. You know of any single Bitcoin wallet holding as much as this quantity of Bitcoin? Can you point me to any material or website link where I can read about this? I will want to know how you got this information.

I don't know exactly what happens, but it seems pretty likely that there could be close to 1 million bitcoins that were associated with Satoshi.. but it is not 100% clear if they were all associated with Satoshi, but it does seems that anyone who either purposefully or accidentally loses access to their private keys, then those coins are pretty unlikely to ever get spent, unless they are able to be hacked based on poorer storage methods, as compared to what is learning along the way and perhaps any protocol changes that might help for newer wallets to have more security attributes..
That means @Ojima-ojo statement of 15 million Bitcoin associated to Satoshi may not be entirely correct. I hope to get the clarification because if the statement is right, it means the entire world will be left to trade only 6 million out of the 21 million Bitcoin that was created... this will change my expectations on the price of Bitcoin going forward.