Post
Topic
Board Bitcoin Discussion
Re: If satoshi shows he has still controll of all of his coins what would happen ?
by
roller33
on 25/01/2024, 20:36:36 UTC
Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
We don't know what will happen but there will be a chaos, for sure. As far as I know, it's estimated that he owns up to 1.1 million BTC. There are 19 million bitcoins in circulation. Satoshi owns more than 5% of bitcoins that are in circulation. As far as I know, no private or public company owns as much as Satoshi owns, no other individual and organization owns that much too. Now, imagine, tomorrow comes satoshi with one million bitcoins, what will happen? Panic, absolutely every bitcoin holder will be in panic, every business owner and employees will be in panic because it's the situation that no one has thought about and no one has a plan to deal with it. It's a shock.

But let me understand. Didn't he move any of his BTC?
Isn't he an active member of BTC?

It might sound silly, but I'm not really aware of Satoshi, if he's out there moving his coins.