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Bitcoin creator(s) hold bitcoin worth a cool couple billion USD. Be very cynical.

• jacquesm 10y ago
  No, they mined bitcoins that have a present day virtual value of lots of $, but that they are still holding on to them is an assumption that may prove wrong and that value is there mostly because of the relatively low number of bitcoins that is actively being traded. If those coins are still held by some individual and they decide to unload the BTC will drop like a stone.
  • greenshackle2 10y ago
    > If those coins are still held by some individual and they decide to unload the BTC will drop like a stone. That would be the concern yes. So they won't make a couple of billions, but they'll make a lot, and the rest of us will be left holding worthless bits. I'm sure you can see why that could make someone reluctant to buy into the system, since it sounds plausible, and we don't know for sure the creators are not in fact holding a ton of bitcoins.
  • tchaffee 10y ago
    That's a good clarification. Who knows where all that bitcoin went after it was mined.