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Go look at the top 250 addresses, a _majority_ of them have never been spent from. There isn't any conclusive proof that the #1 address (111,111 BTC) belongs t
by Phlarp 13y ago
Go look at the top 250 addresses, a _majority_ of them have never been spent from. There isn't any conclusive proof that the #1 address (111,111 BTC) belongs to DPR, but it is clearly linked to SR in one way or another. I'd be willing to bet a solid amount of my own holdings that those coins are effectively "dead" (private key lost) along with a good portion of the rest of the addresses that haven't been touched since 2011, or have flat out never been spent from.
Everyone is touting the 12 million number for total coins in circulation right now and 21 million as the maximum amount. In practice both of those numbers are going to be significantly lower.
- gwern 13y ago> There isn't any conclusive proof that the #1 address (111,111 BTC) belongs to DPR, but it is clearly linked to SR in one way or another. It's been linked to Ross/altoid's Bitcointalk posts, and has a sum consistent with the first year of SR commissions. That's all as conclusive evidence as anyone needs for it.
- Phlarp 13y agoSo what happens when you remove 1% of the currency from the market in a single day?
- reginaldjcooper 13y ago"I apologize, Goldfinger. It's an inspired deal!"
- gwern 13y agoIt hasn't been removed yet. The DPR story has just started - the password-crackers could turn in success any day, or Ross could decide that he'd like to cut a decade off his near life sentence. All we can say is that it's currently not on the market, which is exactly what we could say before the SR bust.