Bitcoin Forum

1NiNja1bUmhSoTXozBRBEtR8LeF9TGbZBN

This is the donation address for https://www.bitaddress.org/

He has had inputs (donations), but no output so far, and at the moment he has 36.42374799 BTC  :o, this is a very large amount for the owner of the page not to take out the BTC and live rich.

What will happen? Did the owner of the page forget the private key, would something have happened to him or what?  :o

It's probably a paper wallet ;)

It seems the owner of that address is pointbiz (https://bitcointalk.org/index.php?action=profile;u=17857) who developed bitaddress.org and last active here on the forum is "July 02, 2018, 09:50:39 PM".

His announcement thread about this project "[ANN] bitaddress.org Safe JavaScript Bitcoin address/private key (https://bitcointalk.org/index.php?topic=43496.0)"

I believe that this is not the only wallet he had and I'm sure he already sold some of bitcoin.

And take note he is still active on Github look at this recent post from another github https://github.com/janoside/btc-rpc-explorer/issues/286

Remember he created it back in 2011 back then BTC was cheap. I think it was as low as $2 or $3 a coin. He could be sitting on a pile of BTC.

Mining was also generating a lot of coins for the hardware that you could get at the time (not necessarily profit in terms of dollars) there are a lot of old timers out there that are sitting on 100s if not 1000s of coins. Selling as needed.

But you don't know those addresses or hear about them, because most people are not going to come here and talk about it.

-Dave

And it's probably he lost the private key,  :)

Damn, that's a scary thought.  :o

If he lost the private keys, he can probably change the donation bitcoin address on the bitaddress website anytime.
As what @BitMaxz said, he/she still active on Github. But the repository of Bitaddress is still no changes or other commits since 2016.
The owner got diamond hands 8), HODLER  8).

Even if he can change the address, that would be if he still has access to the the website itself. Or he simply think that the top hasn't been reached yet and still looking for a good exit point for those coins.  It should definitely be a painful experience if it turns out that truly he lost the private key.


This looks like it's the case with it.

This kind of activity really allows us to see that this guy must be a good guy (ah funny saying). I mean he could be living the life that he's always dreamed off (I do believe he had other reserves of BTC somewhere) and yet he's still humble to the point of helping out other people and actually contributing to projects. Good for him and for us!

The fact that he still holds the same address doesn't really it in the whole theory of him losing his private key (at least for me). Perhaps he's using that wallet to just funds for when whenever he deems fit use in order to improve the project or something like that (and even that thought doesn't make much sense).

I see that pointbiz has that donation address since at least September 2011,

https://bitcointalk.org/index.php?topic=43496.0

He hasn't spent any btc since. That surprises me

Yeah probably he also mined back then or something like that so the donation is perhaps kind of a side thing ? We can also think that he has so many BTC's that he doesn't even remember checking his donation address  ;D

---

Isn't it ironic though, the developer himself, a paper wallet application that has been used for probably thousands times by many enthusiast to hold their precious BTC, losses his own access which currently sits around $1,900,000.

He's probably living the life he's been dreaming of 10 years ago while automating this service. Imagine, being aware of Bitcoin for 10 years give you enough time to contemplate whether this tech is good or not. Anyway, the fact that he doesn't touch the Bitcoin in that wallet means he has hundreds of em already in another wallet.

That's probably a reason why he still didnt access his account.

And looking at hoe much bitcoin cost right now, with that 36 bitcoin on it he can surely enjoy life at the moment. But there are also questions in my mind. Whether he is still active or not in other websites aside from here. And oh I saw bitmarz reply;


In this case maybe he still wanted to hold those bitcoin for some good purpose.

WHY?!!
Why is it so hard for some people to believe that there are others out there that don't care about these small rises that bitcoin has and are in bitcoin for the long haul not to get rich quickly.
You also don't know how much bitcoin that person has in their other addresses, even having 0.1 elsewhere is more than enough to not want to touch the cold storage.

It's quite easy to say that he doesn't need it and he is in it for the long run. It's quite safe to assume that he has forgotten it exists because he is active somewhere else. A lot of people probably focus on the things they are doing and not care about other stuff. Unless it's the only source that he has but that's not the case for him for sure.

Maybe he is thinking of a way to use it too. Maybe a great way to spend it is to donate it as well for charities. There are great charities here in the forum.

If you check the "Games and Rounds" sub-section in this forum for posts in 2012 and 2013, then you can find a lot of giveaways of BTC0.001 or even BTC0.01. Back then BTC was trading at around $5 per coin and no one thought that the prices would increase by 10,000 times after 7-8 years. A lot of the experienced users had a habit of giving small giveaways to new users. Those who joined back then were really lucky. I joined this forum one year later.

You are actually one of the lucky ones who joined this forum in 2014, the price of Bitcoin was still around tens or hundreds of dollars at that time...
Very bad luck if the owner of the wallet actually forgets the password or loses his private key because currently, the value of Bitcoin in that wallet is around $ 1,632,510.

Guess he/she would have changed the address by now if the key is really lost. I don't really see why the address will remain on the site if the keys to access the coins has been lost.

This thread reminded me Kryp Tina (https://www.youtube.com/watch?v=WdrSP0V-KLg). Her bitcoins that were donated for her work are now sitting, waiting for someone to spend them. Unfortunately for Tina, the private key is lost: 1HVzMTuEGCibEpKNUNFdwW2kVrnZqfsLMj

It surprises him, because this person has a non-touched fortune of 36.4 bitcoins for a decade. It isn't a matter of wanting to be rich quickly, it's just odd. But true, we don't know how much money does that man/woman have, so he/she may never needed to spend them.

There's no irony involved, he still advertises the address and thus still has access.

Webhosting doesn't pay for itself, so he probably still has access.

That's right. I don't think he lost access to that wallet.
Probably just saving for his safe retirement or as an inheritance to his descendants. The man obviously has other sources of income.

this is bitaddress.org domain information according to who.is

https://i.imgur.com/wnfm5zb.jpg

and this is pointbiz right now

https://i.imgur.com/WUaM4En.jpg

clearly, he is an early adopter, and I respect his strong hands.
I am sure, that donation address means nothing to what he has right now.

He’s probably just a proper OG with hundreds, if not thousands of bitcoin. I know a guy who hasn’t spent or moved a single sat since 2014. It really isn’t that odd that he hasn’t moved those coins in the donation address.

I believe a lot of people here saying the guy who owns that site is pointbiz which is the creator of bitadress as well. If that's the case he probably either forgot about the private key or something else must be happening in the background that led him to not cash out the remaining 36 bitcoins in that wallet. Whatever that is, only he knows.

If he really lost his private key, it's a terrible experience, how not, if you look at the price of  bitcoin that has  gone up many  times today,
surely someone will sell it at a price now. Or it does not satisfy him with the current price and still wants to be a bitcoin holder. But I don't
know until when he's not tempted to sell it if the price of bitcoin keeps going up.

If this is true then it is not a good sign for the owner of the wallet as he won't be able to enjoy the bitcoins that he own. He should do his best to find the key and then transfer the contents to another wallet has has control with. It is not good for someone to easily forget his key as it is an important part of the wallet not to lose it. I also put my own wallet on a notebook and put it on a safe so I will not lose anything. Just to be very careful of course.

That was Datta Phuge, the Indian millionaire who was murdered in July 2016, I don't think that's pointbiz.


https://en.wikipedia.org/wiki/Datta_Phuge

Do you even care to read what people write before you? It is pretty clear if you read the previous comments that he hasn't lost the keys, he's probably so loaded than he can leave those Bitcoins there untouched.

I photoshopped that image to represent pointbiz in a funny way.
if you realize it, the guy on that image wears Thanos gauntlet.
I want to represent pointbiz as a rich guy who can hodl bitcoin for a long time because he has strong hands.

I hate to explain my joke because it means it was failed ;D
but thank you for your information, now I know that guy who becomes a popular meme in this crypto universe.

Fake Thanos gauntlet!  ;D

Sure, the real one was destroyed. He can't wear something that doesn't exist anymore :P


Is it really that strange? I have Bitcoins dating back to 2015 that were moved only because I had them in a now defunct multibit wallet.

NINJA's operate like that. lol.

I don't find this shocking at all, 36 BTC is a small number if you are an early adopter. I'm guessing that he has a bunch of wallets in his hands that has a minimum of hundreds of bitcoins. I won't be surprised if this wallet will stay the same in the future.

A single bitcoin doesn't matter that much back in the day, but the newly improved technology does!

@casascius is one of the people who donated to that address.
https://i.imgur.com/8MnCfxM.png

But isn't he the seller of this video? I remember when he sold me 10 bitcoins for 2 euros and 50 cents  ;D

https://www.youtube.com/watch?v=YmPg4V-YE0k

It just stacks all of the bitcoin donations in the address from the date that the website is created, the owner mostly forgot about the address or could be intentional to not move his bitcoin.

I mean the website was great and there were probably tons of donations back in the day when the website was still on-trend, mostly there were only small amounts but a lot of donations.

Base on what I've heard from articles and watching youtube videos, from someone who also owns a website and has a donation address, most of the donation addresses are forgotten and probably the owner doesn't know that it has bitcoin.

There are many people who are very fortunate to buy bitcoin in the 2010-2015 range at a low price and they have hold it until now regardless of the price correction. Some of these people may have died or have also forgotten the PK from the storage wallet so that the bitcoin cannot be recovered. What happen to the wallet mentioned by the OP may be one of the two reason above (losing the PK or not caring about the current price) if indeed the owner is still alive and maybe he forgot the PK from his wallet because the address of the donation. But if he sell it, then he really is in a pile of money.

He Must Spend A Tiny portion of Wallets Bitcoins to Show He is Alive

he must?
He owns it, he got it for his work, he can burn it - if he just want.

Why do you guys assume he's lost his keys?
Wallets still publicly posted on the site for donations ,If he'd forgotten its logical he'd change it.
The inactivity of pointbiz (https://bitcointalk.org/index.php?action=profile;u=17857) Leaves me to believe OP is deceased, incarcerated or insanely rich and doesn't care about these communities anymore.
I guess we will find out 2021-09-04 when the domain expires from its 10 year contract.
Its also noteworthy the repos havn't been committed since around then too.
And one more thing, It's really none of our business. (The whole point of crypto)

*edit we found out today!*

He is a hodler. He probably just keep the private key somewhere that it would take some digging to find it. This is an early adopter, he must have more BTC in his personal wallet than the ones in this donation address. But sheez that amount could really buy him another life on mars. Nice BTC address too.


He had a github page where it shows he is still active and alive. 

This address provides me no privacy.
It's not straightforward to spend from an address with so many UTXOs.

The Bitcoin mission is far from complete. Fiat still exists. Everyone needs Bitcoin for savings they just don't know it yet.
I'll leave my public proof of HODL intact.

I'm not selling. Not those Bitcoins, not for fiat. And I'm not selling bitaddress.org

I'm around. Paying it forward. Donating to projects with the right ethos like Bluewallet.io and btc-rpc-explorer.

Run your own Bitcoin Core, run your own Electrumx, run your own Bitcoin block explorer. For the sovereignty and privacy.

Welcome back! Thanks for putting everyone at ease! But mostly thank you for bitaddress.org , combined with piachus platform I've done cool things with it!  I've been very fond of your service , bitcoinpaperwallet.com was sold and compromised so its a relief to hear you wont be selling bitaddress.org
Your historical sweat equity is beyond paying it forward. Keep up the good work.

An admirable attitude. And, good job with the bitaddress.org.
I can't even imagine what it must be like to hold so much coins.  :D

Ha I'm sure I can speak for at least the groups of this thread by saying that we're happy for you to still be around us @pointbiz ! Indeed you bring up an important point of view that I'm sure wasn't discussed so far : the amount of attention that this address of yours already has. All in all your decision is a wise one and it can be seen as a flag of "hodl" from one of the early adopters. Nice one!

Out of curiosity, what are your main goals right now? I guess one of them is to keep on spreading the word about bitcoin, by means of funding other projects (btw Bluewallet is sick! A couple friends of mine use it and only have great things to say about it.).
As someone who has been around the inception of BTC, how do you see the scope of it as of now? Do you think it's running away from it's original goal? What do you see as being the main obstacles that BTC has to surpass in order to reach a more global, universal adoption?

This forum isn't the right place for begging or asking money, goto gofundme and do it.

I am wondering how does one get such an address? I somehow don't think that the 'ninja' part is just a coincidence.

The only way I see is just generating tons of addresses until you get one nice looking, am I wrong?

If you have a play with some of the text on that particular website - copy and paste into the "brain wallet' dialogue box, you will find there are wallet addresses that correspond with the text on that page (and the funds have been cleaned out long ago).

Perhaps it is an Easter Egg waiting for someone to decode the "brain wallet" correctly and score the "prize"

??

It's called vanity address and there are applications that can do this for you. And if you don't want too long starting (vanity) part it can be done even with your own computer.
One such software doing this (from 2011!) is Vanitygen: Vanity bitcoin addresses (https://bitcointalk.org/index.php?topic=25804.0)

Wow, that's a looong (and old) topic... and it's exactly what I was looking for! Thanks! :)