Quote from: farlack on July 26, 2014, 07:00:22 PM

Quote from: franky1 on July 26, 2014, 06:52:21 PM

firstly satoshi does not own 1mill coins. sorry but just no..

between 2009-2011 5 mill coins were produced. and trust me there were more then 5 people mining.. do the maths

secondly lets say satoshi had 500k coins instead (again exaggerated but lets roll with it) would require each coin to be worth $2m each.. or if we use the FUD amount of a 1million coin hoard, it would be $1mill a coin for him to be a trillionaire..

so i dont think so..

i do love it when pople dont think before they make topics like this.. its soo easy to rebuttle the solution and move on with our lives

Actually you're right, its more like 900,000.

nope its not.

the FUD about how many coins he got is based on people adding together all the different addresses of the coins from january 2009 forward for a few months.. but im sad to say that satoshi, hal finney, and a few other notable names all were mining at the same time. it was not just satoshi by himself.
by christmas 2009 theres were DOZENS of people mining, not just 5, i only used 5 in last post as a random number, but there were alot more.. so they were all sharing the rewards out, meaning its impossible for satoshi to have anywhere close to 900k - 1mil coins. sorry but that bubble of fud had to burst

so lets just break down 2 years of mining. (5.25mill coins.)
1year=2.625

so lets say there were 10 people mining bitcoin version 0.1 for the first month-to a year
satoshi gets 262,500 coins
lets say by december 2010 there were 3000+ people (oh look theres a user registration number to prove the number of users went that high at the time https://bitcointalk.org/index.php?action=profile;u=3027)
so knowing there was 2.6 mill coins generated in that year and upto 3k users in the bitcoin ecosystem.. equates to less then 1000 coins

obviously 2010-2011 more users and the year satoshi vanishes. again less than 1000 coins.,

bringing the more realisti total to be under 300k..

but lets pretend that for 3 years (2009-2011) there were only 10 people.. yea lets play that exaggeration game even though the link proves there were thousands of users as of 2011..

but 10 people would only equal 787500 coins he would have over the 3 years.. not 900k, not 1 million.. but like i said that me exaggerating the low populations.. where as the reality puts satoshi to hoard AT MOST 300k coins..