Did Satoshi just moved his coins?

[Twentyonepaylots]

The articles has published an hour ago on cointelegraph. According to them their is 3 possible candidates who would be owner of this address- Satoshi, Hal Fenny & Martti Malmi. Who know if they aren't not alive and this address is controlled by someone from their family?

I was trying to think another person coz we all know that Hal Finney is deceased but then I remember he inherited his bitcoins to his family so there is a possibility that this move was made from Hal's side. There is only a few people that knows bitcoin at that time, so if it wasn't from Hal then it might be from Satoshi Nakamoto himself but I doubt this. And lol, this caused a little panic I guess coz the price just decreased after an hour of us knowing this information.

My personal opinion is, there is huge possibility that this address owner is satoshi.

I really doubt this, but no one can really tell. What a bright side of using bitcoin!

[DarkDays]

Although it's definitely an old user, I don't get why it necessary needs to be Satoshi or any other major early participant?

No doubt there were hundreds of people involved in Bitcoin before the first 10,000 blocks were mined. It isn't unreasonable to assume that some of these finally rediscovered their old stash and looked to cash out.

After all, that is $500k worth of Bitcoin. Few people have the personal net worth necessary to continue waiting and watching after discovering such a sum.

In any case, I'm sure the blockchain analytics platforms and even some unpaid detectives here on Bitcointalk will be all over it, looking for any link they can to potentially put a name to the transaction.

[dunfida]

Although it's definitely an old user, I don't get why it necessary needs to be Satoshi or any other major early participant?

Get used to it on where anytime do events happen then there would really be a specific number of reasons accompanied with it which people do presume on without even thinking that this
might be really just an early adopter who do just recently remember that he do still have some bitcoins on his old wallet which is stored into his old HDD or found out again
the piece of paper on where he do store up his keys and also why people do overreact too much on small percentage decrease in price and calling it a FUD?

[Krislaw]

Probably one of the early miners and just found the USB he stored some BTC in, maybe didn't take it serious in the beginning and could have mined more.

 Some are claiming the it was passed down from someone buy I don't believe believe because it's hard to pass down such to a next of kin. It's even small to manipulate the market.

[andycarrol]

I think the case that is happening right now is that the owner is not Satoshi Nakamoto but someone else who in my opinion has had bitcoin for a very long time and may also be the result of mining in the past few years and is in need of money so that he can send money to an exchange to make a profit. .

[yazher]

This is not him because at that time there were already some people who mined bitcoin but not as much as it is like we have today. those BTC might be from the one who has mined it in the earlier that year. Satoshi won't give us some clue like that, that was too easy you know but that transaction is worth knowing whoever owns it just to remove doubt to the crypto community. I'm sure right not there lots or rumors about this blast from the past transactions and some people might silently tracking behind who owns that BTC.

[philipma1957]

If they simply got lucky and hit a key via brute force with a large pc setup.  It won't be happening anytime soon again.

Wat?

If somebody brute forced this, then that means they can brute force an earlier block too.

How can you guarantee it won't happen anytime soon again?

This block (3654) is only 1 month old. I'd say this is either satoshi, or Craig is about to make a comeback.

I generate 100 keys a month and test them for shits and giggles .  The math says they won't ever find a block in over a billion x billion x billion years and then some.
I know others fuck around with this and do a lot more then 100 keys a month.

I would estimate that the odds that is was brute forced by standard methods are next to impossible.

Now if some guy got clever and figured a better way to brute force an address he may not control the address he opens. and he opened an old one.

It is far more likely this is someone that had direct contact to the first five miners of btc  and they wanted some money.

[MCobian]

Can not be made evidence only based on wallet was dormant since 2009, it does not prove anything. I even doubt it belongs to satoshi,
according to my guess this is someone else. We have to do a deeper investigation regarding this matter, especially when in 2009 there
were several people who does mining, not only satoshi nakamoto.

[philipma1957]

Not satoshi but I don't understand the market response to this, even if was Satoshi the address moved "only" 50 Bitcoin, which is not an amount to break the market or something like that, If Satoshi moves his coin I don't think he would don't dump it just like that he is smart.

there is no market response to this.  it is more likely the small price drop is due to the difficulty dropping from 16.1 to 15.1. and looking like the difficulty is headed for a huge drop to 13.0. or less


While difficulty may chase price most of the time.

I have found occasionally  price will drop and  follow a difficulty drop right after 1/2 ing's occur.


If lots of blocks from 1 to 5000 are cashed out in the following months I would say there is a concern.

if not it is just a blip in the matrix.

[Debonaire217]

This is not him because at that time there were already some people who mined bitcoin but not as much as it is like we have today. those BTC might be from the one who has mined it in the earlier that year. Satoshi won't give us some clue like that, that was too easy you know but that transaction is worth knowing whoever owns it just to remove doubt to the crypto community. I'm sure right not there lots or rumors about this blast from the past transactions and some people might silently tracking behind who owns that BTC.

When we are in Satoshi's shoes, I can't think of ways we can withdraw our bitcoins or somehow move it without being tracked, there's a possibility that it could be satoshi, or just an early miner. But if we are on the 10 year time frame holding that much bitcoins, it takes too much courage and discipline to continue holding it up to 10 years, so I guess, the person behind this activity does really have a good understanding and speculation of the market to hodl that long.

[philipma1957]

This is not him because at that time there were already some people who mined bitcoin but not as much as it is like we have today. those BTC might be from the one who has mined it in the earlier that year. Satoshi won't give us some clue like that, that was too easy you know but that transaction is worth knowing whoever owns it just to remove doubt to the crypto community. I'm sure right not there lots or rumors about this blast from the past transactions and some people might silently tracking behind who owns that BTC.

When we are in Satoshi's shoes, I can't think of ways we can withdraw our bitcoins or somehow move it without being tracked, there's a possibility that it could be satoshi, or just an early miner. But if we are on the 10 year time frame holding that much bitcoins, it takes too much courage and discipline to continue holding it up to 10 years, so I guess, the person behind this activity does really have a good understanding and speculation of the market to hodl that long.

It is block 3654.

Made in Feb 2009.  

Block 3621 was cashed out in 2015.

I think more then 300 or more blocks have been cashed from 1-4000

If some one was mining back in 2009 the first month no less , then having 100 blocks right now is not unlikely.

So a cash-out once or twice a year would not be unusual.

[squatter]

I expected Craig Wright to take credit for the transaction. As a matter of fact, the inputs came from an address he claims to own. However, he is denying any involvement:

But in a Twitter response to Blockstream’s Adam Back, Ayre said it had nothing to do with Wright:

"It was NOT Satoshi, I just spoke with him and Craig confirmed not him."

However the address in question, 17XiVVooLcdCUCMf9s4t4jTExacxwFS5uh, is among the 16,000 listed in a court document in the Kleinman v. Wright case, that Wright claims as his own.

The Catch-22 in this situation is that Wright has denied in court he has access to the private keys to the addresses, so if he said he moved the 50 BTC he’d be in trouble. However if someone else moved the coins, that would indicate the address does not belong to him, again leaving him in a potentially sticky legal situation.

[PLJ]

Probably a Cypherpunk member like Nick Szabo, Adam Back, Hal Finney, but not Satoshi. If Satoshi comes back, he does it splendidly, not with 50BTC.

[slackovic]

not satoshi


atleast 10 people were mining in february
satoshi:


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not satoshi


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the bock in question is using the 'not satoshi pattern

Sorry for the off-topic, but could you please elaborate a bit more about this? Why does Satoshi's blocks look different than others? Where did you get this chart from? I'm really curious about this.

[distributedconsensus]

It may just be someone who has discovered a loophole or small flaw in the way Coinbase transactions were created in the first months of mining. I will take a look into that, I truly do not think that addresses were created separately, and then manually introduced in the mining program, so probably some bad random generator thingy that can lead us to the most probable area in the elliptic curve to look for the private key. I guess someone has just figured it out and will cash slowly and secretly. I think it is well deserved, like finding an old galeon sunk in the middle of the ocean and extracting those gold coins and selling them in the market for profit.

[squatter]

Why does Satoshi's blocks look different than others? Where did you get this chart from? I'm really curious about this.

The theory is based on research published by Sergio Demián Lerner. Here is some background:

The latest paper, called “The Return of the Deniers and the Revenge of Patoshi,” at first discusses Lerner’s original study and how he originally came to his previous conclusion. Lerner detailed how he found the information in the extranonce field and how certain flaws revealed information in a “non-privacy preserving way.”

However, Lerner’s latest study “proves with overwhelming probability” that a single miner extracted all of the coins in his Patoshi pattern, which is well over a million BTC. The researcher’s new argument is based on computer clocks because even in the early days miners used a local computer’s clock to timestamp blocks after processing them.

“There are no time inversions between Patoshi blocks — Zero — This result is very relevant considering the Patoshi blocks account for 43% of all the blocks in the first 50k. I’m open to considering other explanations, but for me, this can only mean one thing — There is a single PC clock whose time is stamped in the Patoshi blocks.” Lerner’s paper continues: “A single software that controls how block templates are created — A single miner.”

The evidence is fairly convincing, but I wouldn't consider the theory bulletproof.

[Lucius]

Sorry for the off-topic, but could you please elaborate a bit more about this? Why does Satoshi's blocks look different than others? Where did you get this chart from? I'm really curious about this.

I was also not aware of the fact that it is possible to identify the blocks that is mined by Satoshi, but they say there is something called Patoshi pattern, and that Satoshi blocks can be identified by specific data called nonce. However, they say that this is not a method that can determine with complete certainty that it is not Satoshi block.

[slackovic]

Why does Satoshi's blocks look different than others? Where did you get this chart from? I'm really curious about this.

The theory is based on research published by Sergio Demián Lerner. Here is some background:

The latest paper, called “The Return of the Deniers and the Revenge of Patoshi,” at first discusses Lerner’s original study and how he originally came to his previous conclusion. Lerner detailed how he found the information in the extranonce field and how certain flaws revealed information in a “non-privacy preserving way.”

However, Lerner’s latest study “proves with overwhelming probability” that a single miner extracted all of the coins in his Patoshi pattern, which is well over a million BTC. The researcher’s new argument is based on computer clocks because even in the early days miners used a local computer’s clock to timestamp blocks after processing them.

“There are no time inversions between Patoshi blocks — Zero — This result is very relevant considering the Patoshi blocks account for 43% of all the blocks in the first 50k. I’m open to considering other explanations, but for me, this can only mean one thing — There is a single PC clock whose time is stamped in the Patoshi blocks.” Lerner’s paper continues: “A single software that controls how block templates are created — A single miner.”

The evidence is fairly convincing, but I wouldn't consider the theory bulletproof.

Wow! I really didn't know about this until now. That's pretty fascinating... Thank you for the explanation.

Sorry for the off-topic, but could you please elaborate a bit more about this? Why does Satoshi's blocks look different than others? Where did you get this chart from? I'm really curious about this.

I was also not aware of the fact that it is possible to identify the blocks that is mined by Satoshi, but they say there is something called Patoshi pattern, and that Satoshi blocks can be identified by specific data called nonce. However, they say that this is not a method that can determine with complete certainty that it is not Satoshi block.

It's funny that everything around Satoshi is so secret. I'm really amazed that in ten years no one managed to identify who Satoshi really is.

[Connaught]

Some of these coins have been moved to Coinbase (through a least two intermediaries), so Coinbase might know.  The rest (approx. BTC 40) are just sat in this address: 1BzN95J72BLBafwgZiZZvM9s7Wj2bxzA6m

[Atrax]

Some of these coins have been moved to Coinbase (through a least two intermediaries), so Coinbase might know.  The rest (approx. BTC 40) are just sat in this address: 1BzN95J72BLBafwgZiZZvM9s7Wj2bxzA6m

That it went to Coinbase really worries me. One should think that a person who started so early knew better....