Who keeps all Bitcoins list exposes-without cryptographic evidence does not hold BTC ownership claim-
Who keeps all Bitcoins list exposes-without cryptographic evidence does not hold BTC ownership claim-
A web portal that shows a list of alleged owners of all bitcoins in the world has been shared since China intervened against crypto trading hard last week. The web portal claims that the Chinese government has Bitcoin in 194,775, which reports reported from the crypto fraud Plustoke. The problem with the sources of the list is that the property review is very unsuccessful and not offers much out of speculation.
do China or Bulgaria really hold billions in Bitcoin?
Since China has made some statements about citizens who deal with cryptocurrencies about offshore exchanges, and explains that the process is illegal, there is a website called " divided into all social media and cryptocurrency forums.
The reason why people share it is that they speculate that China prohibits Bitcoin and at the same time hoarded bitcoins from the Plustoken crypto fraud 194,775. The list of those who have all bitcoins also contains a link to sources, and the Chinese source comes from an article that was published on November 27, 2020 by Theblockcrypto.com
The source is an article by Wolfie Zhao and the means: "The Chinese police means Cryptos worth 4.2 billion US dollars in the raid on Plustoke Ponzi's raid. ” The article also contains a court judgment decision that explains the case details and lists the participating conspirators.
During the article and the judgment Note that the Chinese government of Bitcoin, Ethereum, Litecoin and other tokens. This does not necessarily mean that the Chinese government still has these crypto assets. There is no clear evidence that the Chinese government is around 194,775. has btc today.
The Chinese government would have to prove property, and it will not, and there is no way to say whether the nation state has sold the assets or not. Blockchain monitoring trackers (blockchain-parser) may at least take a look at whether it is worth thinking about it. The Chinese government would either have to make a public advertisement and move the coins so that the world can see or prove ownership of the funds by using the private key and the signature check.
If the source of the Chinese government is considered legitimate, one could also assume that Bulgaria has 213,519 Bitcoin. There is Many articles behind the confiscation of these coins through the Bulgarian government, but until today it is still questionable whether they are still in possession of Bulgaria or not.
Evidence show that it is very likely that Bulgaria auctions the 200,000 BTC-stohse , but some still believe that it is in the possession of the Bulgarian government. It is also assumed that the government has 46,351 Bitcoin in Ukraine, but this number only comes from disclosure forms that come from Ukrainian officials.
cryptographic verification and proof of reserves
There is no way to check whether the Chinese government or the Bulgarian government still has these bitcoins, which have been confiscated from criminal acts. Here, too, China or Bulgaria would have to publicly demonstrate property or prove that they can move them. The countries could sign a message bound to a specific address that contained the amount of bitcoin, but no government would do so.
Some of the sources on the list, to whom all bitcoins belong derive from tweets and other Article connected to people like Tim Draper and Michael Saylor. If these people do not prove property by moving the quantities of Bitcoin or signing a message associated with the private key of the crypto asset, a list of these people with approximate Bitcoin stocks is meaningless.
nic carter discusses the meaning of the detection of reserves in a editorial that emphasizes:
Evidence of the reserves + proof of liability = proof of solvency
In the introduction to the topic of "proof of the reserves", Carter states: "If I could do something to improve this industry, it would be to convince every custody service provider in the cryptocurrency sector to introduce a routine program to detect reserves." The detection of reserves can be carried out with Bitcoin (and other crypto-assets) by pretty much any person or organization that existed today. Without evidence of reserves, everything else is mere speculation, hearsay and unconfirmed evidence.
This would include any crypto custody that does not use the method of detection for the reserve, or an applicant who simply says that he has a lot of Bitcoin. Just like we have a person who claims to be Satoshi Nakamoto without accepting them verified cryptographic evidence , the same applies to these lists of the so-called Bitcoin owners. The fact is that without cryptographic evidence, every "who owns Bitcoin" list can be questioned and dismissed as mere speculation.
What do you think of lists of Bitcoin owners who claim to show a certain property and approximate amounts of Bitcoin in possession of individuals or organizations? Let us know your opinion on this topic in the comments below.
Credit : Shutterstock, Pixabay, Wiki Commons, who holds the whole bitcoin? List about kevinrooke.com/bitcoin, Bitcoin Treasury Hodling via @ecoinometrics,
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