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Tuesday, October 31, 2017

Crypto News: What If Satoshi Nakamoto Sold All His Bitcoin Today?

What If Satoshi Nakamoto Sold All His Bitcoin Today?

Essentially, the mysterious nature of Satoshi Nakamoto, Bitcoin's creator, means that the entire ecosystem is sitting on a potential volcano. It lays dormant at the moment, but if the creator had the inkling, he could flood the market with one mln coins and destroy its value.

One of the biggest mysteries in the technology world is the identity of Satoshi Nakamoto. No one knows who he is, where he is or what he is doing with his millions.

That is millions, as in millions of Bitcoins as it has been reasonably estimated that Nakamoto could own over one mln coins.

Matt Green, a cryptocurrency professor at Johns Hopkins University, says Nakamoto has the power to tank the currency if he wants to.


Full story at http://bit.ly/2xGeACn


Source: CoinTelegraph


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