Satoshi-era wallet (Jan 2009) moves 50 BTC

[nutildah]

This is crazy, that you can move 3 Million Dollars with just a single click and a fee of 69 cents.

But when he makes an exchange for money, the commission will be different)

This is true -- there is no escaping extraordinary fees if you are off-ramping to fiat. However, the fact that $3 mil worth of wealth can be transacted for $0.69 is mind-boggling & demonstrative of the overall power of Bitcoin.

Nevermind who mined that time, either Hal or Satoshi.

How do you know the funds belonged to Hal or Satoshi?

[Poker Player]

50 bitcoin block reward & he/she didn't make any withdrawals from that balance, i can't imagine how patiently he/she was waiting for the right moment for him/her, he/she has gone through so many ups/downs in the price of bitcoin.

You're probably thinking of someone with a normal salary and normal net worth who didn't have any more bitcoin and has been waiting for this moment to move their treasure. But probably for that person it has been like waiting to sell an initial $100 investment that has turned into $5,000.

I would think the guy has quite a bit of money. If he mined bitcoins that early it's highly unlikely he only had those. The normal thing is that he would have mined or bought more later and used those to sell or spend later. He probably kept the early ones partly as a sentimental matter and partly because he knew it would raise speculation and might somehow affect the market.

Moving money at a very low cost and with zero bureaucracy, without borders, without having to have your name registered in any system, without opening hours, without questions, without anyone getting involved and without having to answer to anyone. Ah... how good it is to have bitcoin, there is nothing like it in this world. Freedom, freedom!

Unless he lives in El Salvador and intends to spend them directly, which would be unlikely because he would not have moved them all but would have been spending, he is going to run into a lot of bureaucracy converting to fiat.

[Darker45]

Wow. This is crazy. This was only block 2247. I think this is the oldest coinburn I have seen ever.

This was on January 29 2009 and the first block ever was on January 8 2009. Wonder who else could of been mining around this time. Maybe it was that HDD guy who threw it away.

This is proof that all those estimates about "bitcoins lost forever" are inaccurate because you got transactions like this happening which many assumed it was a long lost private key. Many are estimating that around 3 Million bitcoins are lost this way but as you can see, these coins can wake up at anytime. Even Satoshi coins themselves could one day get spent. There is no proof that he lost his private keys or that he passed away.

It was January 3 rather than 8, right? I mean, block 0?

As to who was mining it, the choices go way beyond Satoshi and Hal and the HDD guy. There were already more than a handful of people who knew Bitcoin before Satoshi mined the Genesis block. The whitepaper was published more than a couple of months prior and it was already heavily discussed among peers. There were even those who knew about Bitcoin before the whitepaper was released. I mean, there must have been more than a dozen who joined the network merely days after it was launched. Dustin Trammell, for example, mined his first block days after Satoshi mined the Genesis block.

[tranthidung]

How do you know the funds belonged to Hal or Satoshi?

No one know and people only tried to estimate fortunes possibly owned by Satoshi Nakamoto and Hal Finney. They did calculations on possible fortunes with assumptions that early used addresses belong to these people. Obviously, these numbers calculated by this way, can be very inaccurate.

Satoshi Nakamoto

As of 2021, Nakamoto is estimated to own between 750,000 and 1,100,000 Bitcoin.

Who owns the most bitcoins - 2024 update

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is presumed to be the largest holder of the currency, in possession of 1.1 million BTC (>$50 billion). While nobody knows for certain how much Satoshi holds, research suggests that he acquired this amount as a reward for mining 22,000 blocks.

Satoshi Nakamoto, the pseudonymous creator of Bitcoin is claimed to be the largest Bitcoin holder in possession of 1.1 million BTC stored across 22,000 addresses. While we do not know for certain exactly how much Bitcoin Satoshi holds, as the first miner on the network, he may have mined over 22,000 blocks from 2009 to 2010 and received 1.1 million BTC as block rewards. However, while it is presumed that these rewards were collected by a single entity, we cannot know with complete certainty whether these are Satoshi’s Bitcoin, or who Satoshi actually is.

Here is an example of a known Satoshi address, which you can examine on Arkham: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa.

The Return of the Deniers and the Revenge of Patoshi
This discussion began in bitcointalk, it's classic and big recognition on role of the forum in Bitcoin history.
Satoshi's Fortune lower bound is 100M USD(DEBATE GOING ON, DO NOT TWEET!)
I don't know about fortune of Hal Finney.

[tread93]

As first reported by @lookonchain, an old miner just moved coins mined on Jan 30, 2009 (close to 15.5 years ago). This is the addresses' only outgoing transaction.

https://www.blockchain.com/explorer/addresses/btc/1C4rE41Kox3jZbdJT9yatyh4H2fMxP8qmD

Current value of the coins is $3,183,366. I checked and they did not move the Bitcoin Cash (yet -- its a piddly $17k).

I'm wondering who else could have been mining coins back then aside from Satoshi and Hal. I'm sure there was a handful of other individuals.

They paid a fee of $0.69.  

What's also interesting is they ignored the inputs of 2 other deposits from 2020.

I would gladly take the piddly 17k because that would surely go a long way for me! Pretty wild, I wish we knew the back stories behind these mysterious early wallets. Surely the owners had forgot about the coins or maybe lost access to only now be able to move the coins? Maybe it was one of hundreds of wallets or computers they were using in the early days who knows! If bitcoins could only talk ;P

[Synchronice]

This is an "Ancestor's" wallet. I doubt if there would be any that would hold unto such profit for years and choose to move now, except they never did have access.

And that's the most interesting part. If the owner didn't have access, how did they gain? Did they crack the wallet and it took years? I don't believe that the owner was holding it till this day, there is no way.

The lost hard drive also contains “the real IP address of satoshi as well as the wallet file,” adding: “not that I would dox satoshi ?”[/i].

Wouldn't Satoshi use Tor? Or a VPN? Or an Internet Cafe? The man who stayed so anonymous would never reveal his real IP address.

James Howell lost 8,000 bitcoins by throwing away a HDD in 2013, 11 years ago.

Why did he throw away his HDD in 2013? Bitcoin reached $1000 in 2013 year. Price started progressive rise in 2012, doesn't make sense to throw away an HDD where you hold some thousand dollars and also hold an IP address of the person that disappeared.

This is crazy, that you can move 3 Million Dollars with just a single click and a fee of 69 cents.

That's not crazy. The crazy part was when we were paying $20 and higher to move a single satoshi from one address to another a few months ago.

[CryptoJ0hn]

Why did he throw away his HDD in 2013? Bitcoin reached $1000 in 2013 year. Price started progressive rise in 2012, doesn't make sense to throw away an HDD where you hold some thousand dollars and also hold an IP address of the person that disappeared.

It wasn't him who threw out HDD, but his girlfriend/wife.

[dificanovi]

As first reported by @lookonchain, an old miner just moved coins mined on Jan 30, 2009 (close to 15.5 years ago). This is the addresses' only outgoing transaction.

https://www.blockchain.com/explorer/addresses/btc/1C4rE41Kox3jZbdJT9yatyh4H2fMxP8qmD

Current value of the coins is $3,183,366. I checked and they did not move the Bitcoin Cash (yet -- its a piddly $17k).

I'm wondering who else could have been mining coins back then aside from Satoshi and Hal. I'm sure there was a handful of other individuals.

They paid a fee of $0.69.  

What's also interesting is they ignored the inputs of 2 other deposits from 2020.

I also think that Satoshi did all that, or maybe people who joined the organization they created. I'm sure that's just a portion of the wealth they mined in 2009, maybe there's still a lot more that they have. They have become very rich people with mining results that have reached $ 3,183,366, at this time there must be no one who has that much wealth from their bitcoin mining results.

[yhiaali3]

~snip~
Honestly, it is my first time to know about this information and from James. I have been here many years but I learn something new today from you, thanks for sharing it.

This is not the first time that I have published this information on the forum, you can surely find it in some old topics that dealt with this. Honestly, people don't pay attention to anything else but the lost BTC, although there are a lot of interesting details - like the fact that it wasn't James who threw away that HDD, but his girlfriend or wife (I don't remember exactly anymore).

I searched for finding more sites mention about it but did not find any other sources, coinrivet is the only site has this information. I am doubtful because theymos said that Satoshi Nakamoto always used Tor in the forum. It is less possible that Satoshi Nakamoto did not use Tor outside the forum especially for Bitcoin-related activities.

If you noticed that this source states that James asked for a monetary compensation for the interview, he obviously wanted to strengthen his story with new details in the phone conversation. As for the use of Tor, somehow it doesn't seem to me that Satoshi would give away his IP so easily considering that to this day he still manages to protect his privacy. If what James is saying is true, then a lot of people would have his real IP address, and it would be strange that no one has published it until today.

I heard his story but honestly I find his story a bit strange, maybe he exaggerates some details a bit like how did he know that he was one of the first six people to run Bitcoin mining? I also didn't understand why his  machine was connected to Satoshi? I don't think mining at that time was any different than it is now and therefore I don't think there is a need to connect to Satoshi's device as long as the mining process is completely decentralized? Even if they were connected no one would know the other's device.

Most importantly how did he know that the IP address was Satoshi's real IP address? I don't know but I find it hard to believe all these details.