What is the danger of the bitcoin creator?

in #blog7 years ago

Satoshi Nakamoto is a mysterious person who is considered the creator of the first crypto currency in the world, namely bitcoin. It is not known for sure who this person is and whether this person is real, but one thing is for sure: he is very rich. He is so rich that he can bring down the whole bitcoin system if he likes. Well, not so large, in fact.

It is not known exactly who was engaged in bitcoin mining for the first time, but it certainly was a small group or just one person (the same Satoshi). The first time bitcoin mining did not require huge power: a common CPU for a home PC would be enough to receive 50 BTC every 10 minutes. Due to the fact that the transaction history is open to everyone, one could note that about 1,148,800 BTCs have never been spent and are still on a lot of purse addresses, presumably under Satoshi's management. It all looks like no one needs these coins and everyone has forgotten about them.

There is a danger in this, because a million bitcoins are not a few and now having gained control over such a sum of currency can shake the whole market. At a rate of $ 6,500 for one coin, a person who has so many "forgotten" coins has a huge fortune. But if he wants to get this state in one moment, what will come of it?

Several variants of events:

The course will fall several times and this will happen gradually. At the same time, while some operations will pass, others will be cheaper, that is theoretically Satoshi could receive $ 7.5 billion, but in fact this is an absolutely abstract figure. With the gradual sale of "million Satoshi" bitcoin will go into a lengthy correction.
It is worth noting that Satoshi is closely watched for bitcoins and if these funds begin to move, they will learn about this quickly. Bitcoin is limited, so for such a lion's share quickly find their buyers, who will buy it on the over-the-counter market. This will lead to the fact that the rate will fall, but soon again take off, only now without the imminent threat from the creator of the crypto currency.
There is a possibility that these bitcoins are already in the possession of some group or organization, so it all depends on how they will dispose of these coins. If they drive them neatly, slowly and gradually, this will not affect the course.

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