So Who Owed Satoshi Money?

[angrybirdy]

Under the new IRS rules, you have to report  any receipt of crypto over $10k. So, Satoshi has to dox himself, OR break the law

How are you so sure that Satoshi is an American?

We all have our own speculations just like mine, I have a feeling that satoshi is a Japanese based on his/her name, even satoshi's gender is undefineable and I don't have enough evidence so I never discussed it with other people, I hope others will do the same. It's better not to release a statement especially if it's not true, to avoid rumors especially nowadays that people around are easily believe in fake news without checking the facts.

[abel1337]

Under the new IRS rules, you have to report  any receipt of crypto over $10k. So, Satoshi has to dox himself, OR break the law

How are you so sure that Satoshi is an American?

We all have our own speculations just like mine, I have a feeling that satoshi is a Japanese based on his/her name, even satoshi's gender is undefineable and I don't have enough evidence so I never discussed it with other people, I hope others will do the same. It's better not to release a statement especially if it's not true, to avoid rumors especially nowadays that people around are easily believe in fake news without checking the facts.

After all of the rumors around for years about who is satoshi, there's no really concrete evidence who satoshi nakamoto is. Maybe there's a small chance that theymos who inherited this forum from satoshi has a small clue who satoshi really was though I also doubt that even theymos will reveal his knowledge about satoshi whereabouts.

Basically the new IRS rules can't affect satoshi nakamoto as long satoshi don't dox himself. Even if someone dox themselves as satoshi nakamoto and pay the fine of the IRS rules for the sake of making the public acknowledge him, I will doubt certainly doubt that person. The only way that I will believe someone is if the wallet addresses that are tagged to satoshi has moved to their address.

Satoshi Nakamoto will be mystery that we will try to figure out for the rest of our lives.

[Synchronice]

In my opinion, a much more likely scenario is that, at some heavily alcoholic/drug-fueled party, on some millionaires' yacht, just as a joke, it was sent a moment after the words "hold my beer".

Funny how business owners can't raise salaries but can spend millions of dollars in trash.

They just "burn" 26 BTC to get the attention of people towards the address and make us discuss something like this.

Sure, they want to get attention of people, otherwise, they would send those coins to me

have we also considered that it might be a mistake in transaction destination.

Do you really think that someone who managed to own 26 Bitcoin, is stupid enough to make such a mistake? That's not a mistake for sure.

If you ask me the only thing that worth discussing about this event (which is also neglected) is the fact that those attacking Bitcoin have a lot of money to waste, specially when we consider the links some users point out between the origin of these funds and the ongoing attack against Bitcoin known as Ordinals.

By the way, this is not a wasted money. This accident gained attention, generated tons of media articles, tweets and shares. But why did sender spent a million dollar and not lower amount of money? Even 1 BTC would generate the similar attention.

[freedomno1]

Under the new IRS rules, you have to report  any receipt of crypto over $10k. So, Satoshi has to dox himself, OR break the law

How are you so sure that Satoshi is an American?

I don't I have just as much belief he is Craig Wright as he is really Dorian Nakamoto playing a long game at it ha-ha, now if people argued he was really Hal Finney that might be interesting at which point he's frozen now so this doesn't matter and if it was a consortium of people then good luck finding the true OG's from the cypherpunks who wrote the code.

I just found that post funny since they made a law to dox someone that basically abandoned their wallet in practice, and that the burden of proof is on the US Government proving to us Satoshi was American if they ever wanted to take some of that juicy wallet.

Easier money to be taken they can just go after Peter Thiel's wallet or something a few more years left before he gets away with his Roth IRA scot free. April 2027 to be exact it may activate a fight against the true rulers of the USA the mega corporations that said it would be fun to watch and it's fair game, at least they have a better argument than going after Satoshi for his stuff.

https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank

[DooMAD]

I did read some thread titles dealing with this, but I never looked into it until now.  This is the first time anything's been sent to Satoshi's stash, right, or am I wrong on that?  I know no coins have been sent from the genesis block, but my knowledge of the reverse scenario is fuzzy at best. 

In terms of value, this one certainly stands out.  But there are frequent transactions sent to that address.  Mostly dust amounts.  But definitely some larger sums as well.  There was a 0.01471488 sent last week.  That's over $600:   https://blockchair.com/bitcoin/transaction/fc80c09b644fa2f53d2988f95755717deca1ac27285016d5e08350972f097bbb

[crwth]

There's a Plausible theory here in case anyone missed it.  Seems to make more sense than someone wasting money attempting to expose someone who is either obscenely disciplined at not spending any of their vast fortune, or is unable to spend it because they're dead.

This is more plausible IMO. Having been able to somewhat force CW by Ayre for the fees to use the early addresses that he says he does or maybe save some money by Ayre but not funding him anymore or something to that sense.

But maybe a fat finger did it or something. 

[CoinPunkz]

What is this transfer to Satoshi's wallet is actually an expensive way to try and create FUD.

It's certainly got the whole industry talking about it. Let's face it, if Satoshi's wallet suddenly becomes active, there will be a lot of uncertainty in the market due to the value of their holdings.

If someone were to place a $20m+ short, $1.2m to try and manipulate the market is nothing.

[highalch]

Yea so you say, someone sent Satoshi 12x the minimal reportable amount just so that he's forced to report it to IRS - and you expect Satoshi to turn in just like that, walk into the nearest IRS office and fill the form. After 15 years being in complete darkness, dead or alive, inside or outside the US.

This makes no sense even from legal standpoint. He could say anytime that he didn't know about the transaction. You cannot be prosecuted for something you have nothing to do with. Boom, now what?

[ChiBitCTy]

Or was it money due to Craig Wright cough who is supposed to be Satoshi
https://twitter.com/Pledditor/status/1744168276991545740

The transaction's destination, 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, links back to the P2PKH address associated with the public key that received the genesis block reward

"Munches Popcorn" I think Legal Abandonment of Property would be a legal argument at this point

Someone just sent Satoshi's genesis wallet $1.2 mil. in BTC.

Why?? The only thing that makes any sense is that the sender is flushing Satoshi out.

Under the new IRS rules, you have to report  any receipt of crypto over $10k. So, Satoshi has to dox himself, OR break the law
https://twitter.com/attorneyjeremy1/status/1743842422285562336/photo/1

That's IRS rule which only applies to those inside the United States.  I saw this as a buddy sent it to me the other day.  Really quite odd to be honest. I guess this person likely has a ridiculous amount of bitcoin and wanted to make news headlines and well he sure did as we can see here.  I doubt we will ever find out who did this and why, but who knows.

[franky1]

Yea so you say, someone sent Satoshi 12x the minimal reportable amount just so that he's forced to report it to IRS - and you expect Satoshi to turn in just like that, walk into the nearest IRS office and fill the form. After 15 years being in complete darkness, dead or alive, inside or outside the US.

This makes no sense even from legal standpoint. He could say anytime that he didn't know about the transaction. You cannot be prosecuted for something you have nothing to do with. Boom, now what?

lets pretend real satoshi returns to claim his coins

solution
raid any of the other 20,000 addresses of 50btc each
dont touch block that received donations

not mention being satoshi, instead mention just being one of many early miners
not need to have to seek out any donator nor reveal being satoshi

[digaran]

IMO satoshi needs to send back the coins to the sender, by sending them first to such addresses:
1CSWisxxxxxxxxxxxx3ionaQ
1afraudxxxxxxxxxxxx5KiYdi

End of CSW story.

[wallet4bitcoin]

I did read some thread titles dealing with this, but I never looked into it until now.  This is the first time anything's been sent to Satoshi's stash, right, or am I wrong on that?  I know no coins have been sent from the genesis block, but my knowledge of the reverse scenario is fuzzy at best.  

In terms of value, this one certainly stands out.  But there are frequent transactions sent to that address.  Mostly dust amounts.  But definitely some larger sums as well.  There was a 0.01471488 sent last week.  That's over $600:   https://blockchair.com/bitcoin/transaction/fc80c09b644fa2f53d2988f95755717deca1ac27285016d5e08350972f097bbb

If the wallet frequently recieves donations unsolicited for, why then is it a big thing for the space apart from the fact that Satoshi is faceless and his wallet has been untouched ever since.

Shiba Inu was sent to Vitalik Buterin by the devs, it didn't raise dust even when he  sent it to india, there were no questions, why Satoshi and why now if some generous donors decides to get finger happy

[adaseb]

Apparently this is a yearly thing on the genesis block anniversary where people send satoshi money. If you look at the graph for the inflows you will see that someone or a group of people send large sums of bitcoins to this address.

I found it odd at first because I noticed last January someone sent like $60K which was a lot because Bitcoin was cheaper last January. And now sending this large amount. Probably some early adopter who is thanking him.

[JustineCollins09]

There are so many theories on it. Only the government will tell who owns to whom

[KingsDen]

I was setting at the balcony with my friend and we were discussing bitcoin and cryptocurrency as a whole. While we were talking about the great job did by Satoshi. I told him about the 1.2m worth of bitcoin that was sent to the address that received the genesis reward. We were just discussing the reason why that coin was sent to Satoshi wallet and we could honestly not come up with any reasons. But then we unanimously agreed that Satoshi is not implicated because the coin was sent to his address and not from the address.
While we were discussing, I opened the forum with my mobile and stumbled on this very post and smiled. Now I can suspect CW as the masterminder of the coins sent to Satoshi wallet 

[Hadari334]

There's a Plausible theory here in case anyone missed it.  Seems to make more sense than someone wasting money attempting to expose someone who is either obscenely disciplined at not spending any of their vast fortune, or is unable to spend it because they're dead.

Thanks for this, makes sense.

Even though I kinda like this theory :

In my opinion, a much more likely scenario is that, at some heavily alcoholic/drug-fueled party, on some millionaires' yacht, just as a joke, it was sent a moment after the words "hold my beer".