"And researchers through a forensic pattern in the early blockchain called the Poshi pattern have estimated that Satoshi mined approximately 1.1 million Bitcoin in those early years. Roughly 22,000 blocks, about 5% of all the Bitcoin that will ever exist."
Predictions closed
For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… Not under his own pseudonym. not under any pseudonym anyone has ever verified, not anywhere. He just walked away. And here's the most extraordinary detail. In the early days of Bitcoin, when almost nobody was mining, Satoshi mined a lot of Bitcoin himself just by being there, just by being the only one running the software for stretches of time. And researchers through a forensic pattern in the early blockchain called the Poshi pattern have estimated that Satoshi mined approximately 1.1 million Bitcoin in those early years. Roughly 22,000 blocks, about 5% of all the Bitcoin that will ever exist. Now, here's the part that gets me. When Satoshi walked away in April of 2011, those coins were worth almost nothing. Bitcoin was trading for a couple of dollars at the time. He didn't walk away from a fortune. He walked away from a project. The fortune came later. As Bitcoin grew, those coins became worth thousands, then millions, then billions. T …