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Craig Steven Wright claims to be Satoshi Nakamoto

economist.com

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Re: Craig Steven Wright claims to be Satoshi Nakamoto

#4

"Satoshi Nakamoto is believed to amassed about one million Bitcoins which would give him a net worth, if all were converted to cash, of about $450m." Anyone know what this was worth at its peak?

The question is can he liquidate his holdings without causing a market crash? Not just because of economics of demand and supply but because of the psychological effects on the market.

Re: Craig Steven Wright claims to be Satoshi Nakamoto

#6

"Satoshi Nakamoto is believed to amassed about one million Bitcoins which would give him a net worth, if all were converted to cash, of about $450m." Anyone know what this was worth at its peak?

The all time high was ~$1216 a coin [1]... so that would put him approximately at $1.2 billion if he has a million coins like the OP suggests. There are about 15.4mm coins in circulation [2], so he has about 6.5% of the current market, or 4.7% of the total BTC that will ever be mined (1/21 million).

[1]: https://en.wikipedia.org/wiki/History_of_Bitcoin#cite_note-6... (would appreciate a correction with a better source)

[2]: https://blockchain.info/charts/total-bitcoins

Re: Craig Steven Wright claims to be Satoshi Nakamoto

#7
post #2

In a way it's a slightly disappointing end to the mystery!

I see what you mean! It felt like the end of the Perplexity puzzle that existed, the moment it was found the excitement behind it all just didn't keep going!

Mind you, the card to find someone using six degrees of separation is also called Satoshi!

http://perplexcitywiki.com/wiki/Billion_to_One

Re: Craig Steven Wright claims to be Satoshi Nakamoto

#10

"Satoshi Nakamoto is believed to amassed about one million Bitcoins which would give him a net worth, if all were converted to cash, of about $450m." Anyone know what this was worth at its peak?

The price at its peak was nearly $1200, so over a billion.
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