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That's easy to answer. First of all, they did transfer negligible amounts at various points but none in the last 5 years or so. But that aside, it's probably been their intention to leave the coins there to keep the currency stable
It might be unbelievable that someone or some people would just leave a billion dollars worth of btc left unclaimed for years but you have to remember the creator(s) have a strong connection to the cypherpunk movement so they are hardcore idealists and probably not too concerned about their own wealth as opposed to bitcoin's legitimacy and stability
Bitcoin was never about getting rich for them, it was created to be a revolutionary payment system without a central authority aka banks. It's very possible they even destroyed their private keys so as they aren't hacked or even physically robbed if their identities were ever known for certain
Can you imagine if the founder of a cryptocurrency hoarded a bunch of coins and then decided to just dump them at the top of the market? You actually don't have to imagine that because Charlie Lee aka Satoshi Lite did exactly that with LitecoinComment -
I guess that's plausible
good insight bud
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its a dead product just trades in a range
zero long term upside unlike big companies on the stock marketComment -
One of the best articles I've seen written on Hal Finney, though I'm not sure any of those 3 are the original. However, so much of the code has been rewritten/optimized/etc - the author compares it to a ship being rebuilt while on a long sea voyage, so in that way they're all creators to some extent. Add to that, Satoshi was clearly familiar with all of their work, so in a sense he was standing on the shoulders of giants himself (Finney, Szabo, Dai, and others). The text analysis seems to allude to this, most closely matching Finney's and also ruling Dorian Nakamoto out. But Finney coded in C, Satoshi in C++, and there were tricks used that he didn't quite understand at the time. Because of this, Finney himself seemed to think that Satoshi was quite young and grew up coding.
The initial ~1m coins are most likely either lost, intentionally burned, or somehow inaccessible. To this date, nobody has even signed with those keys. Could have been accidental, could have been intentional...we'll maybe never know.
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Speaking of hardware wallets, a new vulnerability has been made public regarding some Trezor models(Trezor One and Model T). The good news is that it requires physical access and can be prevented by setting a passphrase, assuming you can remember it and/or keep physical backup(s) sufficiently separate enough physically from your hardware. The bad news is that fixing it requires new hardware, though I suppose good for Trezor in a way. More info about it on their site, and also from Kraken exchange - who found/disclosed the flaw.
Also seeing info floating around that 23% of all Bitfinex volume came from their top 10 accounts. This includes the fact that someone else was on the other end of the trade, or it would seem much higher. Whales gonna whale, be careful with all of the splashing if you're using leverage. For the rest of us, it just means having to deal with continued volatility both ways as they fight it out leading up to the halving - which is only about 3 months from now.Comment -
Bitfinex all wash trading. FAKE VOLUMEComment -
We flirted with 10K last month... just fell short
Currently $9,475Comment -
played a prop bitcoin will be lower after super bowl compared to kickoff. hope they grade fair!Comment -
Bitcoin will hit 6 figures in the future. BUY AND HOLD
We are still early for bitcoin. just as when the internet first came out and emails. look at it now.
its simple mathematics why Bitcoin will hit over 100,000
Gold market 13 trillion - lets take 5% from here to go to bitcoin = 650 Billion
Pension Funds/ equities/ hedge - estimated at 30 trillion * 10% = 3 trillion
Banks - They will buy to hold as reserves against there shit fiat = 10 trillion
THE WORLD - lets say 3 billion people will use bitcoin * $1000 = 3 trillion
total bitcoin cap is = 16.65 trillion roughly
16.65 trillion divided by 21 million bitcoins = $792,857
I like ETHEREUM AS WELL!!
look forward to reading and replying to your comments
When will it happen not sure. but im a believe and optimistic that this is true money and true valueComment -
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It seems like a bull run is on the horizon for bitcoin and many altcoins.
Hoping for a very profitable 2020.Comment -
not sure if you guys seen but xrp just signed a deal with ixmi on the stock market. hold bitcoin litecoin and xrp.Comment -
$10,000Comment -
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Raiders:
*Will Bitcoin never again dip below $10,000?Where's the fuckin power box, Carol?Comment -
Man, late in the 2019 thread people were bailing at like 7.5k. I told 'em that was a bad decision. Like, how on earth was that gonna be the last time btc saw 10k? You gotta be a cryptocurrency historian and do your homework
Wouldn't be surprised if it drops back to 9 quickly (hoping not though) but either way I think we're gonna see a big climb starting around April or MayComment -
Out of 5,000 cryptos, only 30 have lost money in the last 7 days. During runs like this I normally jump on the coins that are in the red with high volume.Comment -
Here's a list of the losers in the last 7 days.
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And the big winners so far.
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Nice to see a pump above 10k...I have 1 tucked away for a rainy day, hope to see 20k+ later this yearComment -
They all pretty much follow bitcoin. When bitcoin does well they out pace bitcoin, when bitcoin goes down they go down way more.
Right now I'm 92% in bitcoin and 8% in Ethereum. My plan is heading into the halvening is to put about 10% of my bitcoin stake into alts. Focusing on alts on coinbase and a few others. I figure we should be on and up therectory though summer to fall of 2021. I figure when all the retail investors start FOMOing in the alts on coinbase will do well. Thats after we pass $20,000 again and we will. In summer of 2021 I believe bitcoin will be over $50,000.Comment -
Feels different this time - like it will continue.... Not the elevator ride like last time.... A little pull back, no problem...Comment -
Are you sure it's not out of the top 200-300 or so? Both screenshots seem to be showing just top 200, and that's pretty much always skewed towards the bullish side - as it counts new entrants who broke into the top x with recent gains, but doesn't account for those who fell below that mark.
Still seems fairly bullish though like you said, especially given that most alts are down pretty far BTC-wise but have fairly strong buy support at these levels. IMO, using btc price to gauge alts tends to give a more accurate picture as it better accounts for things like opportunity cost, holders' sentiment(s), and just how the crypto markets are doing in general. Though obviously, USD price is still very important for certain things...like when it's time to actually take some profits back to fiat and/or reduce risk in general.
$20k+ BTC is looking really good - but at the same time there's a pretty good chance we could see a pullback, which would give people a second chance to get their asses on the train. I know many traders are watching very closely to see if ~10k holds as support for now. Quite a few of those were shorting, one big whale has been short since around 8500 and has racked up many millions in losses to this point. Will be interesting to see if (and how) they change their positions now that 10k has been broken.Comment -
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Think it will reach $20,000 once again?Comment -
Looks like Bitcoin is breaking over 10k, with cornavirus picking up and stocks likely selling off this week more m Oney should come into Bitcoin.Comment -
$10,080.24Comment -
Easily, could be as soon as this summer. There's alot of money coming into the space through Grayscale, cash app, coinbase, etc. Then there's company's like Fidelity and TD Ameritrade getting in also. Thats just the US, this is an asset that anyone in the world can buy very easily.Comment
