No Vaults, and Still the Most Powerful and Secure Bank – Bitcoin

The richest Bitcoin address is carrying over 148,000 bitcoins, equal to about 70 million US Dollars. What’s great about Bitcoin is that everybody can see that some individual or group has 148,000 bitcoins, but we have no idea who that is unless they want to tell us.
What we do know about this person is that they can now send $70 million USD to anyone in the world, without permission from anybody, instantly, for free. This is power.
Even the mega-rich such as Bill Gates and Warren Buffett would need a banker, unless they asked permission to rewrite their bank’s ledger themselves.
It can be argued that this rich Bitcoiner has more money than billionaires, unless those billionaires are carrying cash or gold at this time… or even Bitcoin.

This post was published at Bitcoins Berlin on 2014/09/08.