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Estimates place the size of Satoshi Nakamoto's holdings at between 600,000 BTC and 1.1 million BTC. The vast majority of Satoshi Nakamoto's wallets received a
by mikewarot 3y ago
Estimates place the size of Satoshi Nakamoto's holdings at between 600,000 BTC and 1.1 million BTC.
The vast majority of Satoshi Nakamoto's wallets received a 50 BTC block reward and have remained dormant since.
If those resources were to come into play, it could cause a major disruption of the value of bitcoin.
- muzani 3y agoAlso someone with that much wealth probably owes some tax somewhere. He's pretty much El Dorado.
- ffpip 3y agoHe hasn't spent anything. Do any countries have taxes on assets instead of income?
- ncgl 3y agoThis is what property tax is, right?
- ffpip 3y agoI meant assets like crypto, stocks, etc
- techcode 3y agoIn The Netherlands normal savings (retirement/pension savings are taxed once you retire), stocks, crypto ...etc are all taxed to everyone except Dutch Royal Family.
- tromp 3y agoYes, several countries have a so-called wealth tax, in addition to income tax.
- muzani 3y ago"Do any countries have taxes on assets instead of income?" Not applicable to this situation, but zakat in Islamic countries requires a 2.5% payment to the government, similar to a tithe. This is why many of the theocratic Islamic countries have 0% income tax. It's always applied to assets above a certain amount, but some places apply it on income as well. https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates But the joke is that you can't run from taxes. If there's that much money floating around in one person's wallet, someone will figure out how to tax it. If it doesn't get taxed, well, someone will figure out how to rob him.
- iraKleiman 3y agohow do u report a digital wallet theft? are their cyber cops in cyber space
- ffpip 3y agoYou can report cyber crimes to cops in your country
- DANmode 3y agoYou may have shone a light on the real point, here. For as long as they're not taxed, robbed, or otherwise, people will continue to take confidence in the security of the protocol.
- yulaow 3y agoyes, in Italy for example you pay 0.2% annually on whatever you hold (stock, bonds, cryptos, etc) even if you sell nothing or they depreciate compared to the year before
- deleted 3y ago[deleted]
- syndeo 3y ago(For the lazy, that's between $33.5B and $61.5B, at current exchange rates.)