A Bitcoin wallet suddenly activates after 11 years

Ale88

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Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

Yet another anonymous bitcoin transaction of about 489 btc that is worth $20,000,000 million was said to occur from a domant bitcoin wallet address as reported by a tracking bot called "whale alert" with details traced to October 2010 of it last active date, this was related to the last active date of bitcoin founder Satoshi Nakamoto on the bitcointalk.org forum in December, 2010 and such has spark many reactions and controversial views that it may be Satoshi bitcoin wallet, you could recall that the founder was last active on the forum same year the bitcoin wallet address was last active which makes it ignites lot of reactions that such could only be from Satoshi.

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The last time the inoperative address was functioning, Bitcoin was trading at a price of about $0.17. The top crypto asset by market cap has appreciated a staggering 23,150,500% during the time the address’s period of inactivity.
https://dailyhodl.com/2022/03/11/is-that-you-satoshi-over-20000000-in-bitcoin-btc-suddenly-moves-after-lying-low-since-2010/

To be sincerely with the way it looks from the above quote, one could easily believe its Satoshi haven being in possession of such huge amount as at then and from the look of the price at $0.17 btc worth placed on (hodl) over a very long time, and the wallet it was transferred into remains anonymous. who could have been smarter in doing this other than the founder himself as of then when information and technology of bitcoin ecosystem is premitive to bitcoiners.

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The most likely theory is that someone accidentally found their long-lost private keys and gained access to a massive fortune. Some are also speculating that the owner got out of jail and finally managed to cash out the cryptocurrency.
https://u.today/satoshi-era-bitcoin-wallet-suddenly-activates-after-11-years?amp

I agree with the second theory, so many people realized in the last few years that they had a lot of bitcoins sitting somewhere, probably because they mined them years and years ago and forgot where they store them. I believe Satoshi will never touch his bitcoins.

ninis45

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Until now, this assumption is still gray, there are those who think this is SN and there are also those who mention holder. if it is SN then it is very natural that he holds it in large numbers because what he believes is valuable and becomes real because it is a fair amount and truth as real it is satosi nakamoto is very possible the year 2010 a few years after the emergence of BTC in which the trust of bitcoin is still fragile

bearexin

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We have heard so many stories of people who joined Bitcoin mining around the time that Satoshi Nakamoto was around, and how a lot of them lost their private keys in one way or the other, so it is also possible that it can be someone who happened to find their own private keys and logged into the wallet to move their funds.

There isn’t a way that we can be so sure that this is Satoshi Nakamoto himself, since there are also other people that were around then and mining Bitcoin, and it is also possible that there are a few of them who might have stashed some Bitcoin in their wallet and saved it till date. So, you just can’t tell.

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Quote from: Darker45 on March 13, 2022, 11:28:43 PM

The details of the dormant Bitcoin wallet was traced back to October of 2010 and since Satoshi Nakamoto was last active on bitcointalk.org in December of 2010, there is reason to believe that the Bitcoin wallet could be Satoshi's. Can you see how absurd is that reasoning? It is devoid of any logic. Where is the connection?

Anyway, I don't even believe this is a case of HODLing. I think this is simply a case of an old Bitcoin wallet finally recovered after many years.

It is most likely true as you said that it is indeed an old wallet that is now reopened. But the question is if it is a matter of holding is it possible that they have that many bitcoin holdings other than Satoshi Nakamoto's?

Anything is possible, it can be an old wallet that the hodler suddenly decided to move it or it's an old forgotten wallet that has been recovered recently after a decade and etc. We can continue to guess and speculate on it but in the end we can't be so certain that it was SN who have moved these bitcoins because they were also miners aside from the Founder.

If indeed it's Satoshi Nakamoto, let him/her be because he/she deserves it and it is really none of our business.

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Quote from: btc78 on March 22, 2022, 11:47:54 PM

Quote from: HODLN on March 22, 2022, 10:40:29 PM

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Could this truly be Satoshi's wallet?

Sounds to me like someone remembered a forgotten laptop. Wouldn't surprise me if satoshi transferred some of his btc one day but with so many other potential individuals it is highly unlikely that any specific event was satoshi.

There is a similar post about that mate recently when a Loss account had been found in Old Laptop containing really a good amount of bitcoin , or maybe this is the story behind this post? i can't dig the thread but surely i come across this .

and also If Satoshi would move coins? surely we will notice because the 1 million Bitcoin In his wallet will alarmed the authority if being claimed .

Satoshi's own name no one knows the truth, and who he really is. I think this case is more likely to someone who is lucky like getting an unexpected fortune. especially with the current KYC it will make it easier for the authorities to investigate so that it will be known who the real owner is, and I don't think satoshi wants that to happen

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Quote from: HODLN on March 22, 2022, 10:40:29 PM

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Could this truly be Satoshi's wallet?

Sounds to me like someone remembered a forgotten laptop. Wouldn't surprise me if satoshi transferred some of his btc one day but with so many other potential individuals it is highly unlikely that any specific event was satoshi.

There is a similar post about that mate recently when a Loss account had been found in Old Laptop containing really a good amount of bitcoin , or maybe this is the story behind this post? i can't dig the thread but surely i come across this .

and also If Satoshi would move coins? surely we will notice because the 1 million Bitcoin In his wallet will alarmed the authority if being claimed .

HODLN

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Quote

Could this truly be Satoshi's wallet?

Sounds to me like someone remembered a forgotten laptop. Wouldn't surprise me if satoshi transferred some of his btc one day but with so many other potential individuals it is highly unlikely that any specific event was satoshi.

rodskee

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Why don't people stop speculating about SATOSHI connected thing? there are many people who bought Bitcoin in the past and lose their phrases or keys for long time and luckily find it recently and sold their coins in bulk what is the problem for that?
i even had a friend that has bought bitcoin in 2012 and lose access from His wallet and just find it again back in 2018 and decided to sell those 12 Bitcoin?
and besides this is the benefits of Bitcoin for long term that you can just simply sell them when you decide when .

GreatArkansas

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Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

(....)

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The most likely theory is that someone accidentally found their long-lost private keys and gained access to a massive fortune. Some are also speculating that the owner got out of jail and finally managed to cash out the cryptocurrency.
https://u.today/satoshi-era-bitcoin-wallet-suddenly-activates-after-11-years?amp

I learnt one thing, that from every rumour, there's an element of truth.
Could this truly be Satoshi's wallet?

I am more positive for this theory because if it will be me, I will have a transaction within 11 years especially when the owner of that wallet is really active on the internet.
I believe that yeah, it's like long-lost private keys and gained access. I am wondering if the owner of those Bitcoin will start taking profits after a long period of time, very worth the wait.

Darker45

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Quote from: ?? on ??

Quote from: Darker45 on March 13, 2022, 11:28:43 PM

The details of the dormant Bitcoin wallet was traced back to October of 2010 and since Satoshi Nakamoto was last active on bitcointalk.org in December of 2010, there is reason to believe that the Bitcoin wallet could be Satoshi's. Can you see how absurd is that reasoning? It is devoid of any logic. Where is the connection?

Anyway, I don't even believe this is a case of HODLing. I think this is simply a case of an old Bitcoin wallet finally recovered after many years.

It is most likely true as you said that it is indeed an old wallet that is now reopened. But the question is if it is a matter of holding is it possible that they have that many bitcoin holdings other than Satoshi Nakamoto's?

Of course, Satoshi wasn't the only person mining in 2010. As a matter of fact, in that year alone millions of Bitcoin were already mined. The block reward was 50BTC. The difficulty rate was low. A decent CPU is enough to earn a hundred Bitcoin a day. So it wasn't a hard thing to do. Lowly miners in 2010 should have acquired at least thousands of Bitcoin. So there must be a lot of whales from that period. But there's probably no other person who has as many Bitcoin as Satoshi.

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Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

Could this truly be Satoshi's wallet?

I don't think it's satoshi's wallet, because I believe satoshi is dead and left no ability for others to access his wallet.

What I do think is that many such old wallets exist from longtime users. They probably use their more recent wallet funds first in the event they need them, so a situation like this to me means that whoever owns it is likely out of newer Bitcoin and is having to tap his long held funds for use. Maybe this means someone is cashing out bigtime for something, or maybe it means they've lost faith. Nobody really can say. I do think that most likely it's just someone who has held Bitcoin long enough and is ready to have some fun with their funds. Nobody lives forever, so holding forever is illogical.

dunfida

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Quote from: ?? on ??

There's not enough evidence to claimed that stranger as Satoshi Nakamoto. the wallet address probably belong to miners or someone who was worthy enough but recently need for money, or someone finally found his key that was lost cause so many people hold such amount of bitcoin then. But This is an incomplete subject but even after lack of evidence, people like to linked a person with satoshi Nakamoto, that's ridiculous

Lots of reasons you could really throw something on this particular situation.Whether;

-The wallet owner had found its keys recently(same as you said)
-Something in need in financial
-He sees this time is the best time to sell
-He does simply needs money
-He feels to sell those coins for long time

This isnt enough to say that it was Satoshi.

Darker45

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Quote from: TheGreatPython on March 16, 2022, 02:25:05 PM

Quote from: Darker45 on March 13, 2022, 11:28:43 PM

~snip~

~snip~

The owner of this wallet is very lucky if ever it was recovered after a long time because this makes him an instant millionaire but other than it, this can also be a case of hodling because I know that there are large companies that are holding btc for a long time now up until now. Companies like micro strategies and others. Common people cant hodl that long but why would they sell now when the price was not good as the last pump?

MicroStrategy is not a long time Bitcoin HODLer. It is somehow a late-comer, as a matter of fact. Please correct me if I'm wrong, but the first time MicroStrategy bought Bitcoin was only in August of 2020, which means to say that it owns Bitcoin for only 1 year and several months. We will see how long it will keep its Bitcoin stash.

I don't agree that common people can't HODL that long. I think the owner of this wallet is an ordinary person and not a company. But, again, this is most probably a case of recovery rather than HODLing.

TheGreatPython

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Quote from: Darker45 on March 13, 2022, 11:28:43 PM

The details of the dormant Bitcoin wallet was traced back to October of 2010 and since Satoshi Nakamoto was last active on bitcointalk.org in December of 2010, there is reason to believe that the Bitcoin wallet could be Satoshi's. Can you see how absurd is that reasoning? It is devoid of any logic. Where is the connection?

Anyway, I don't even believe this is a case of HODLing. I think this is simply a case of an old Bitcoin wallet finally recovered after many years.

They think it has a connection because the year are the same but this evidence was not enough. It will be more believable if satoshi posted the same wallet in the forum or on somewhere and he says that it was his own but I don't think he did it? what if satoshi prefer to be anonymous and he don't want to leave any trace.

The owner of this wallet is very lucky if ever it was recovered after a long time because this makes him an instant millionaire but other than it, this can also be a case of hodling because I know that there are large companies that are holding btc for a long time now up until now. Companies like micro strategies and others. Common people cant hodl that long but why would they sell now when the price was not good as the last pump?

verita1

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I have followed the link of which OP is sharing the story, I have read it with interest to know the bitcoin wallet to which it refers. The link doesn't show it, I've kept looking on Twitter where the story originates and I find it.

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💤💤 A dormant address containing 489 #BTC (20,242,263 USD) has just been activated after 11.4 years (worth 50 USD in 2010)!

https://twitter.com/whale_alert/status/1501736039190249472?t=UgDf8w5xRoCLgD2Q01nipw&s=19

I have discovered that the address of the bitcoin wallet had 486 bitcoin and if it was active I think there has been an error.

Send bitcoin from Unknown wallet https://blockstream.info/address/17QBWJCGV4QbQhLbhcS7d9yB2S7DPLf4N9

To Unknown wallet https://blockstream.info/address/1LdJ4nyxrJqNB1oyr76rYerb2KDZk9wAvo

By the way the bitcoins are still in the last address. I have also used the blockchain explorer because I can see more details.

Odusko

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Quote from: Darker45 on March 13, 2022, 11:28:43 PM

The details of the dormant Bitcoin wallet was traced back to October of 2010 and since Satoshi Nakamoto was last active on bitcointalk.org in December of 2010, there is reason to believe that the Bitcoin wallet could be Satoshi's. Can you see how absurd is that reasoning? It is devoid of any logic. Where is the connection?

Anyway, I don't even believe this is a case of HODLing. I think this is simply a case of an old Bitcoin wallet finally recovered after many years.

Yeah, the statement is not logical after all in 2010 with a small amount any one can stash a huge amount of Bitcoin, that Bitcoin is giving out for free just to create awareness for the new digital currency for it to gain activities some of those old Bitcoin holders are waking up their wallet now that their little investments in 2010 have turned to a fortune at the moment and will want to get active with the wallet any way no mentioning of any transactions on the wallet yet.

Darker45

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The details of the dormant Bitcoin wallet was traced back to October of 2010 and since Satoshi Nakamoto was last active on bitcointalk.org in December of 2010, there is reason to believe that the Bitcoin wallet could be Satoshi's. Can you see how absurd is that reasoning? It is devoid of any logic. Where is the connection?

Anyway, I don't even believe this is a case of HODLing. I think this is simply a case of an old Bitcoin wallet finally recovered after many years.

Odusko

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Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

We have all been expecting Satoshi to come back for many years now, is this Satoshi wallet or one of those many fund stories any time the is activities on a whale addresses the fact is Satoshi will never return. We just have to move on and let the search for Satoshi's identity be put to rest.

EdenHazard

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Quote from: NotFuzzyWarm on March 12, 2022, 04:25:40 PM

Quote from: stompix on March 11, 2022, 11:00:00 AM

For poeple who claim that one of the main advantages of Bitcoin is its pseudo-anonymity some Bitcoiners do have a really weird fetish of wanting to know who is the guy owning this and that, when has he bought the coins, where is he sending the money, does he plan on selling or not, full name, shoe size,] and favorite pizza.

Seriously, stop with these, what's your business with what other poeple do? Zero! So stop it!...

Spot on!
The world has always been populated with far too many folks that just LOVE to endlessly speculate on just about anything no matter how pointless it is...

Well should we pretend let's say satoshi is died .

And treat like those coins held in his wallet worth 44 billion dollar now would forever remain there untouchable.
We might stop this endless & pointless speculation if we found a proof that satoshi are no longer in this world.
So yeah let's pretend satoshi is died.

7788bitcoin

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Quote from: minairia3 on March 12, 2022, 04:42:30 PM

~
An acquaintance of mine bought some bitcoins last 2016 but unfortunately, he lost his private key. As far as I know, he had saved the private key in his mail draft, but he lost access to that private key because he lost his mail password.

But last year the price of Bitcoin skyrocketed, so he thought of his wallet and was able to recover the lost email address by contacting Gmail's support.

Maybe such an incident has happened in this case also because holding for 11 years is a very difficult task. But whatever, I don't think it is Satoshi, because he has been able to hide his footprints very well.

It is possible that he lost his keys and now found out the private keys for the wallet, but the fact is there are a lot of users who mined during the initial days and never moved their coins and there is no need for them to move them as some of the moved from casual miners to serious miners and there is no need for them to use those wallets unless there is an emergency.

Topic: A Bitcoin wallet suddenly activates after 11 years (Read 677 times)