I think the video is funny because he does a brain dead explainer for the first ~110 seconds and then in the last ~40 seconds he briefly says how risky it is.
https://files.catbox.moe/cfte48.mp4
Isn't like 40% of bitcoin owned by a single wallet who nobody knows who it is?
I don't know that much about monetary policy, but i'm pretty sure that would be bad for a reserve.
Isn't like 40% of bitcoin owned by a single wallet who nobody knows who it is?
I googled.
ETFs holding bitcoin are now the crypto's largest holders, surpassing creator Satoshi Nakamoto
Largest bitcoin holders
- U.S. Spot ETFs 1,104,534
- Satoshi Nakamoto 1,100,000
- Binance 633,000
- MicroStrategy 402,100
- U.S. Government 198,109
- Chinese Government 194,000
- Bitfinex 184,027
- Kraken 158,959
- Block One 164,000
- Robinhood 142,361
If I understand the article correctly - 9 of the 10 holders are ETFs (exchange-traded funds). The article confused me so I'm using google results here...
Total BTC in Existence 19,914,662.5
Bitcoins Left to Be Mined 1,085,337.5
If my math is right - whoever Satoshi Nakamoto is/are they own ~6%.
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Edit
I'm still laughing at myself. I first wrote: "Satoshi Nakamoto is/are they own ~19%." Hmm... 1.1 probably isn't 19% of 21. Damn media - you do the math!
Also - I'll leave this here - Satoshi's Nakamoto's Bitcoin Stash Could Be Worth $106 Billion
Thanks, i was way off. Still, 6% is a lot for one single individual/actor to hold though.
I think it's crazy that he/they are still anonymous. Satoshi's Nakamoto's Bitcoin Stash Could Be Worth $106 Billion
Nakamoto = “(of) central origin”, or a surname so rare in Japan that not even a single notable figure shared this surname
Satoshi = “intelligent”
I just checked my favorite dictionary and they have a meaning for satoshi.
satoshi <noun> (plural same or plural satoshis) The smallest monetary unit in the bitcoin cryptocurrency system, equal to one hundred millionth of a bitcoin.
Maybe they just died or lost control of the wallet? i don't know if their bitcoin has been moved in recent years
lost control of the wallet?
Or they went insane because they forgot their password.
holy shit lmao I was about to say this belongs in c/slop but it's the fucking washington post
![Um... I'm going to go with "atrociously". [Edit. It's a WaPo vid.]](https://hexbear.net/pictrs/image/a349cfbd-66ef-4109-9830-bb2b7eaf71a8.png){kind=link}