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<p class="is-style-lead">There are ongoing debates and discussions within the cryptocurrency community regarding the strengths and weaknesses of various digital assets, including Bitcoin and its founder. Recently, the creator of a new alternative crypto said Satoshi Nakamoto’s large holdings of Bitcoin could potentially contradict the principle of decentralization.</p>
<h2 class="wp-block-heading" id="mollars-founder-believes-creators-should-not-take-free-tokens">Mollars founder believes creators should not take free tokens</h2>
<p>The creator of a new, decentralized, store-of-value token named “Mollars” has held no punches against the forefather of digital currency. In a message shared via the subreddit community of Mollars, the creator of the solution to Bitcoin’s transaction fees calls out Satoshi indirectly for not being decentralized.</p>
<p>Instead, the creator of Mollars is releasing a store-of-value token without taking any of his creation for himself — at least not free. All tokens minted of MOLLARS will be paid for.&nbsp;&nbsp;</p>
<p>You might also like: <a href="https://crypto.news/mollars-presale-ongoing-project-building-a-decentralized-store-of-value-ecosystem/" rel="noopener noreferrer nofollow"> MOLLARS presale ongoing, project building a decentralized store of value ecosystem </a></p>
<p>In a portion of the 254-word message, the mysterious developer behind the Mollars token takes this jab at Bitcoin’s creator:</p>
<p>“… though I ponder if one can say ‘total supply’ when talking of BTC when Satoshi walked away with at least 1-Million tokens for himself, and these transaction fees are not so easily traced.”</p>
<h2 class="wp-block-heading" id="how-many-bitcoins-does-satoshi-have">How many Bitcoins does Satoshi Have?</h2>
<p>His words appear to paraphrase something&nbsp;<a target="_blank" href="https://www.banklesstimes.com/how-many-bitcoins-does-satoshi-nakamoto-have/" rel="noopener noreferrer nofollow">discovered by Bankless Times</a>&nbsp;last year.&nbsp;</p>
<p>According to the news source, Nakamoto controls 1 million BTC.</p>
<h2 class="wp-block-heading" id="how-many-tokens-do-governments-have">How many tokens do governments have?</h2>
<p>In comparison, the United States government holds only 220,000 Bitcoins.&nbsp; &nbsp;</p>
<p>Most of these were confiscated from entities participating in various illegal activities.&nbsp;</p>
<p>You might also like: <a href="https://crypto.news/heres-all-you-need-to-know-about-the-china-bitcoin-mining-fud/" rel="noopener noreferrer nofollow"> Here’s All You Need to Know About the China Bitcoin Mining FUD </a></p>
<p>There’s a rumor that the Chinese government has Nakamoto’s wallet today, but this “chatty patty” talk has no foundation.</p>
<h2 class="wp-block-heading" id="what-is-satoshi-nakamoto-s-net-worth">What is Satoshi Nakamoto’s net worth?</h2>
<p>The 1 million BTC believed to be held by Satoshi came from his “mining efforts.”&nbsp; &nbsp;</p>
<p>When BTC soared to $78,000, Nakamoto’s wealth soared to $78 billion.</p>
<p>This stash is now worth around $40,000 at spot rates.</p>
<p>The statistics regarding the Bitcoin creator’s holdings may differ from the image most people have in mind when thinking about Bitcoin’s founding.&nbsp;</p>
<p>You might also like: <a href="https://crypto.news/binance-vs-sec-judge-shows-skepticism-on-busd-as-an-investment-contract/" rel="noopener noreferrer nofollow"> Binance vs. SEC: Judge shows skepticism on BUSD as investment contract </a></p>
<p>Given that Bitcoin was initially intended as a decentralized alternative to centralized banking and fiat currencies, it is understandable that some may have concerns about the founder holding a large amount of the coin.</p>
<h2 class="wp-block-heading" id="more-about-mollars">More about Mollars</h2>
<p>Moreover, Bitcoin fees are relatively higher.</p>
<p>Mollars, currently conducting its&nbsp;<a target="_blank" href="https://www.mollars.com" rel="noopener noreferrer nofollow">token presale</a>, is basing its launch on Bitcoin’s biggest rival.</p>
<p>MOLLARS holders will also receive benefits.&nbsp;</p>
<p>Designed to be a store-of-value, the project will launch its chain and develop a crypto exchange dapp.&nbsp;</p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe title="🚀 Mollars PRESALE Now LIVE! 🌐💰 Get in Early on the Next STORE OF VALUE Crypto Launching Soon!" width="1020" height="574" src="https://www.youtube.com/embed/rguxuVlkvJA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
 </div>
</figure>
<h3 class="wp-block-heading" id="if-mollars-launches-its-blockchain">If Mollars launches its blockchain</h3>
<p>If Mollars launches a blockchain, it would be faster and offer low fees.</p>
<p>Accordingly, users would likely shift from&nbsp;&nbsp;<a target="_blank" href="https://cryptonews.com/news/shiba-inu-shib-bonk-inu-bonk-mollars-or-bitcoin-btc-could-return-traders-22000-profit-from-100-invested-today.htm" rel="noopener noreferrer nofollow">Shiba Inu or BONK</a>&nbsp;to the new ERC-20 token.</p>
<p>For this reason, a crypto analyst “Ari” thinks the token will also rally in the future.&nbsp;</p>
<p>This was before today’s announcement of the new blockchain.</p>
<p>Even while ambitious, MOLLARS is highly unlikely to challenge the dominance of Bitcoin.&nbsp;</p>
<p>Read more: <a href="https://crypto.news/bitcoin-dips-below-40k-amid-btc-etf-selloffs/" rel="noopener noreferrer nofollow"> Bitcoin dips below $40k amid BTC ETF selloffs </a></p>
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Founder of Bitcoin alternative calls out Satoshi for holding 1m coins

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