Happy Monday, Blockfolians!
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.
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.
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Highly Relevant Reading
Banking giant Standard Chartered to launch crypto custody solution
MasterCard expanding crypto company partnerships
PayPal is reportedly working with Paxos on their upcoming crypto product
Japan levels up its CBDC work
Seriously though, who the heck are these 1000 people?
In case you’re not sure why this technology is important
Emily Feng 冯哲芸 @EmilyZFengThis is alarming - being denied financial services because of your political leanings: "The checks at some wealth managers have involved combing through comments made by clients and their associates in public and in media, and social media posts in the recent past." https://t.co/zy8zO3uMsB
A Really Big Number We Should Be Paying Attention To
That’s the amount unsuccessful Argentine telecom hackers demanded