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Richest Bitcoin Addresses

bitcoinrichlist.com

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Re: Richest Bitcoin Addresses

#41

Post by josephagoss »

FridayWithJohn wrote: post #27

Question: How was this list generated, ie: how do you find out which hash number has a lot of bitcoins in it? I thought that was completely hidden.

You can see every single address on the blockchain, just not peoples wallets (Because the wallet contains address but most of the time no obvious link between those addresses can be made).

You can see these addresses and speculate. Also some members of the community keep track of famous Bitcoin users that are known to have accumulated over 100,000 coins.

Re: Richest Bitcoin Addresses

#42

Post by hahainternet »

fat0wl wrote: post #30
res0nat0r wrote: post #6

Question: How hard/impossible would it be for me as a US citizen to cash in on a large lot like that? Say I want 10 million dollars for some partying I want to do for New Years. It seems some people have mega riches, but is it actually feasible for me to realize that money (in US Dollars, deposited to my Chase bank account)?

The whole price of Bitcoin is an illusion that they use to get people to keep buying. It's the result of a bidding war. There is an article here about that basically explains (this is my interpretation not his words) how the price of BTC is kindof like the sticker price on an item in the store. It doesn't represent the real value, it's simply the value as perceived by consumers and is, in a way, fixed -- http://falkv…

> But the fact that early adopters are psychotically rich for doing nothing is... one of the many signs of a flawed system

This is also the case with rich families. It doesn't make the system unusable.

Re: Richest Bitcoin Addresses

#43

Post by josephagoss »

shawabawa3 wrote: post #19
cfontes wrote: post #7

I wonder if Satoshi is amongst those...

afaik 90+% (100%?) of all the blocks mined by satoshi have never been touched. Satoshi's wealth would be in thousands of separate 50BTC wallets, not 1 big one. Can't be bothered to find the source atm but someone did some analysis on the mined blocks in 2009/2010 and found the likely blocks mined by the same person who mined the first block, all unspent.

Thousands of separate addresses, most of those coins still sit in their mined blocks. However it is likely Satoshi has all the addresses in one single wallet so that he could move them all at once if he wanted to. Satoshi's estimated wealth is between 500,000 and 1,000,000 coins.

Re: Richest Bitcoin Addresses

#44

Post by dustcoin »

sbjustin wrote: post #37

Top 100 richest people using bitcoin control 20% of bitcoins.

Some of these addresses are cold storage addresses controlled by businesses that are holding BTC for a large number of individual customers.

Some of the richest holders own multiple top addresses.

Re: Richest Bitcoin Addresses

#45

Post by res0nat0r »

waterlesscloud wrote: post #36
shocks wrote: post #31

Earlier quoted context omitted.

Right, but try cashing out $85 million. You'll have a hard time.

Cashing out $85 million of pretty much anything would require some special efforts.

How about just 1 million? It seems most responses above are "it can be arranged", which wouldn't be acceptable to me if I had millions in bitcoin I wanted to cash out.

Re: Richest Bitcoin Addresses

#46

Post by taigeair »

chrisacky wrote: post #23

Can you imagine how many of these BTCs are actually lost forever. Look at this address: http://bitcoinrichlist.com/address/198aMn6ZYAczwrE5NvNTUMyJ5... The last time this address was touched was 2009, and has an even 8,000 coins (back in the day, this only amounted to 320 mined blocks. You could do that in what?... a few hours/half days?[1]) The owner probably ran his system for a few hours, collected 8000 coins, tho…

No way to recover the Bitcoins?

Re: Richest Bitcoin Addresses

#47

Post by BinaryBrainz »

chrisacky wrote: post #23

Can you imagine how many of these BTCs are actually lost forever. Look at this address: http://bitcoinrichlist.com/address/198aMn6ZYAczwrE5NvNTUMyJ5... The last time this address was touched was 2009, and has an even 8,000 coins (back in the day, this only amounted to 320 mined blocks. You could do that in what?... a few hours/half days?[1]) The owner probably ran his system for a few hours, collected 8000 coins, tho…

Either that or their name starts with an S... (something besides Steve).

I'm curious which of these might be intermediary wallets for Coinbase and the like.

Re: Richest Bitcoin Addresses

#48

Post by knodi »

fat0wl wrote: post #30
res0nat0r wrote: post #6

Question: How hard/impossible would it be for me as a US citizen to cash in on a large lot like that? Say I want 10 million dollars for some partying I want to do for New Years. It seems some people have mega riches, but is it actually feasible for me to realize that money (in US Dollars, deposited to my Chase bank account)?

The whole price of Bitcoin is an illusion that they use to get people to keep buying. It's the result of a bidding war. There is an article here about that basically explains (this is my interpretation not his words) how the price of BTC is kindof like the sticker price on an item in the store. It doesn't represent the real value, it's simply the value as perceived by consumers and is, in a way, fixed -- http://falkv…

This!! A rumor is all its going to take to tank the price.

Re: Richest Bitcoin Addresses

#49

Post by skriticos2 »

chrisacky wrote: post #23

Can you imagine how many of these BTCs are actually lost forever. Look at this address: http://bitcoinrichlist.com/address/198aMn6ZYAczwrE5NvNTUMyJ5... The last time this address was touched was 2009, and has an even 8,000 coins (back in the day, this only amounted to 320 mined blocks. You could do that in what?... a few hours/half days?[1]) The owner probably ran his system for a few hours, collected 8000 coins, tho…

Does not really matter, they are divisible and the ones that are in circulation define the market cap.

But I imagine the person that deleted the wallet back then is pretty pissed with himself now-a-days.

Re: Richest Bitcoin Addresses

#50

Post by fat0wl »

hahainternet wrote: post #42
fat0wl wrote: post #30

Earlier quoted context omitted.

The whole price of Bitcoin is an illusion that they use to get people to keep buying. It's the result of a bidding war. There is an article here about that basically explains (this is my interpretation not his words) how the price of BTC is kindof like the sticker price on an item in the store. It doesn't represent the real value, it's simply the value as perceived by consumers and is, in a way, fixed -- http://falkv…

> But the fact that early adopters are psychotically rich for doing nothing is... one of the many signs of a flawed system This is also the case with rich families. It doesn't make the system unusable.

Hah rich families are usually rich because they spear-headed a manufacturing industry or rose to political power. Yes, their CHILDREN may not deserve the wealth, but they earned it.

Bitcoiners are getting rich for designing a pump-and-dump scam & passing it along. It's called a pyramid scheme. You make a pitch that sounds convincing and then shop it out through "Multi-Level Marketing" strategies.

Why do Bitcoiners believe so much in a currency that allowed the originator to pull so much wealth out of thin air?

Say we estimate conservatively and say the Bitcoin ecosystem is only worth what was put into it. Well, now the founders own like 1/4 of all that money, for doing nothing but coming up with a convincing sounding scheme ("ummm... call it deflationary people will think that sounds intellectual"). A currency is not a currency if it is so distorted that it is radically reorganizing the wealth of those who convert to it.

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