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If this one person/entity really owns 63% of the market and their currently hoarding it, I imagine that anything they do with their coins could have a huge impa
by kamkazemoose 13y ago
If this one person/entity really owns 63% of the market and their currently hoarding it, I imagine that anything they do with their coins could have a huge impact. It might be worth ~100M USD but if they tried to cash out it would likely collapse the market. Even if they start circulating those coins, if not done properly could cause huge inflation.
- lwat 13y agoYou misread, it's not 63% of the market. Its about 10% of the market - 1148800 BTC
- kamkazemoose 13y agoI was looking at this part: >Note that from the 1814400 BTC awarded, 1148800 BTC has never been spent (63%). I suppose (but have not checked it yet) that these are exactly the segments that belong to the mystery entity So I guess I'm confused the market bigger than the 1,814,400 that have been awarded somehow? I'm not that familiar with bitcoins so that's very possible, but the author seems to imply that Nakamoto has 63%.
- lwat 13y agoThe chart stops at 2010, many more bitcoins have been mined since.
- kamkazemoose 13y agoAh that makes sense, thanks. In that case I wonder how many more BTC Nakamoto may have mined since then.