Is This Satoshi's Stash?

Plus a big day in advancing access to crypto

Happy Monday, Blockfolians!

The Lede

One of the greatest mysterious in Bitcoin lore is exactly how many bitcoin Satoshi actually mined.

It’s interesting, on the one hand, due to the sheer intrigue of a founder that would walk away from such a fortune.

On a more practical level, however, it is relevant because Satoshi’s coins - assuming they really are gone forever - represent an additional constrained on the total supply of bitcoin.

https://medium.com/@whale_alert/e49cf73f9a9b

Today, Whale Alerts published research that arguing that Satoshi mined:

1,125,150 bitcoin mined up to block 54,316 with an estimated total value of the unspent bitcoin of at least $10.9 billion USD in today’s market. 

That’s a loooot of corn. More, in fact, than some other estimates like those from BitMEX research that put the total closer to 700,000.

In either case, it’s a phenomenal number. What’s more, this mystery and lore is part of what makes this space feel so fundamentally and profoundly different from other technologies.

Enjoy the mystery, friends. Enjoy the mystery.

Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.


Highly Relevant Reading


Community Commentary

Seriously though, who the heck are these 1000 people?
In case you’re not sure why this technology is important

A Really Big Number We Should Be Paying Attention To  

$7.5M

That’s the amount unsuccessful Argentine telecom hackers demanded


Final Thought