Dormant Address Containing 100 BTC Activated After 12.4 Years When BTC Was $0.08

bigvito19

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Quote from: COBRAS on April 20, 2022, 06:30:26 PM

Quote from: franky1 on April 20, 2022, 08:28:31 AM

forget about the spammy inputs of small amounts that were not spent..

you will notice that around the same time of the spend. someone has moved a few old blockrewards

here is just a few linked to the same person
https://www.blockchain.com/btc/tx/193a02a041859f33a8025e55a49c349941abdd9a9a87f5def5c6f806a4fca2f0

https://www.blockchain.com/btc/tx/d614e6ab261f9d03664f8ffd73c831b5ca778eb9f19f42d8961ca121036af511

https://www.blockchain.com/btc/tx/4d54a9e4a93f4f6bc53965982a9c5b066020f3f4806210343676d034402b1daa

all mined on the same day in november 2009 and all spent in the same couple days in april 2022
where by majority of it is split up and some go to services and mixed. but about 100btc join back together meaning the owner consolidated his coins again

Brainless hack this adresses ?

Are you sure it was Brainless, if so, I wonder how he did it?

COBRAS

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Quote from: franky1 on April 20, 2022, 08:28:31 AM

forget about the spammy inputs of small amounts that were not spent..

you will notice that around the same time of the spend. someone has moved a few old blockrewards

here is just a few linked to the same person
https://www.blockchain.com/btc/tx/193a02a041859f33a8025e55a49c349941abdd9a9a87f5def5c6f806a4fca2f0

https://www.blockchain.com/btc/tx/d614e6ab261f9d03664f8ffd73c831b5ca778eb9f19f42d8961ca121036af511

https://www.blockchain.com/btc/tx/4d54a9e4a93f4f6bc53965982a9c5b066020f3f4806210343676d034402b1daa

all mined on the same day in november 2009 and all spent in the same couple days in april 2022
where by majority of it is split up and some go to services and mixed. but about 100btc join back together meaning the owner consolidated his coins again

Brainless hack this adresses ?

evilgreed

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Man, it never bores me to see such events happening. It really amazes me how people have such great self control in holding onto these coins. There can also be other variables as well like the owner must already be super rich or at least to a point where he doesn't need to compromise his holdings. Another would be losing access and just regaining it. Then there's the possibility of forgetting about it and just remembering recently which is somehow pretty rare of hard to believe. Lastly, the high belief for BTC's potential.

Whichever the case, I just can't imagine the feeling though, buying bitcoins back then at auch a cheap price on a whim just for the sake of trying out a new thing and ending up being a millionaire a couple of years later. Talk about real luck.

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Quote from: fiulpro on April 20, 2022, 10:00:12 AM

Does someone else as well get bothered by these whale alerts? There are few things that I think can be wrong with these :
1. They attack the privacy of the whales
2. They make the investors panic
3. Might be a key component of manipulation and panic selling
4. It gives no clear information about moving or selling this might give rise to the fake alerts meant for just making people more crazzzzyyyy
At the same time one have to understand that bitcoins is all about freedom, if a person decides to sell their coins, it should be their opinion and at the same time this way the price will be down a bit and everyone knows it's an excellent opportunity for buying.
Let's leave those whales alone focus on the ones like microstrategy as well who are very well versed with being a whale and are providing positive feedback to the community regarding buying/selling/holding the bitcoins.

I find whale alerts a great tools for creating panic. And nothing more. As people advance from newbie to (hopefully) more knowledgeable, they get bored of random alerts telling.. that somebody may or may not do something (my guess would be that's usually consolidating/reorganizing funds).

Attack to privacy? As long as the address' owner is not known, it's fine. And one knows that we're on a public ledger. I see these alert tools as "blockchain paparazzi" Grin

What they provide has basically no value, but the plebs "want to know".

However, nothing we could do. We can ignore them, but as long as newbies continue to come, there's still "market" for that.

fiulpro

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Does someone else as well get bothered by these whale alerts? There are few things that I think can be wrong with these :
1. They attack the privacy of the whales
2. They make the investors panic
3. Might be a key component of manipulation and panic selling
4. It gives no clear information about moving or selling this might give rise to the fake alerts meant for just making people more crazzzzyyyy
At the same time one have to understand that bitcoins is all about freedom, if a person decides to sell their coins, it should be their opinion and at the same time this way the price will be down a bit and everyone knows it's an excellent opportunity for buying.
Let's leave those whales alone focus on the ones like microstrategy as well who are very well versed with being a whale and are providing positive feedback to the community regarding buying/selling/holding the bitcoins.

franky1

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forget about the spammy inputs of small amounts that were not spent..

you will notice that around the same time of the spend. someone has moved a few old blockrewards

here is just a few linked to the same person
https://www.blockchain.com/btc/tx/193a02a041859f33a8025e55a49c349941abdd9a9a87f5def5c6f806a4fca2f0

https://www.blockchain.com/btc/tx/d614e6ab261f9d03664f8ffd73c831b5ca778eb9f19f42d8961ca121036af511

https://www.blockchain.com/btc/tx/4d54a9e4a93f4f6bc53965982a9c5b066020f3f4806210343676d034402b1daa

all mined on the same day in november 2009 and all spent in the same couple days in april 2022
where by majority of it is split up and some go to services and mixed. but about 100btc join back together meaning the owner consolidated his coins again

NeuroticFish

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Quote from: _BlackStar on April 09, 2022, 03:22:15 PM

If these bitcoin are old utxo that were actually bought before the hardfork, then I think he deserves some other coin hardfork like BCH, BSV, BTG and that's the double profit that bitcoin holders get. He actually became a millionaire without even selling his bitcoin ^{[only selling the coin hardfork].}

The thing is that he will have to be extremely careful if he does that, because he can too easily lose all those Bitcoins for being too greedy and not enough informed.
So better not hurry with that, no matter if the shitcoins may turn to dust until he figures out how to do it right.

Quote from: so98nn on April 07, 2022, 08:12:48 AM

I've seen this kind of transactions too many times; they're advertising this or that, I think that one of the first was an ad for Monero Grin

But if you want to make the advertiser happy and dig deeper, nothing stops you (just please don't advertise whatever useless thing to us).

Lucius

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Quote from: _BlackStar on April 09, 2022, 03:22:15 PM

If these bitcoin are old utxo that were actually bought before the hardfork, then I think he deserves some other coin hardfork like BCH, BSV, BTG and that's the double profit that bitcoin holders get. He actually became a millionaire without even selling his bitcoin ^{[only selling the coin hardfork].}

I personally wouldn’t even bother with those shitcoins that are worth relatively little anyway compared to the value of all the BTC in these two transactions. The 100 forked BitcoinsTrash that have the highest value at the moment are worth just over $30 000, and the other shitcoins are not worth mentioning at all.

Quote from: _BlackStar on April 09, 2022, 03:22:15 PM

If he's around here, I'd really like to know how he can keep his heart from beating too fast when he sees the fact that he's a millionaire. Cheesy

Even if he were here, it would be unrealistic to expect him to share his story with us - no one here is talking about how much BTC he owns, although I know of one member who had about 40 000 BTC and didn’t hide it. Besides, maybe a man is not a classic materialist who is excited to have a lot of money, although there are few such people in today's world.

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Holy Jesus! That is a lot of money. Love hearing these kind of stories. Millions of dollars just like that. If he/she sold it all at once, he/she isn't really a smart person since that kind of activity could attract a lot of unnecessary attention from negative individuals.

If I were in his/her position, I would sell small amounts slowly and steadily over time through various reliable channels.

Maestro75

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Quote from: LFC_Bitcoin on April 07, 2022, 11:35:58 AM

$0.08 per BTC, ahhhh I only wish I was that early. I mean I’m lucky to have started my journey in 2014 but even just two years earlier would have been so much better. I guess the OP is a lesson to everybody, the best time to but bitcoin was in the past, the next best time is NOW.

Even with that you can not be sure you still would be holding it till now if you bought before 2014. Maybe the OP did not sell till now because he did not have access to the wallet until recently. Like people argue on a case like this that in such the holder could have been incarcerated or could have been in prison or something. I do not think it is easy for someone with just 100 bitcoin not to have been tempted to sell any bit before now if that is only what they have.

_BlackStar

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If these bitcoin are old utxo that were actually bought before the hardfork, then I think he deserves some other coin hardfork like BCH, BSV, BTG and that's the double profit that bitcoin holders get. He actually became a millionaire without even selling his bitcoin ^{[only selling the coin hardfork].}

If he's around here, I'd really like to know how he can keep his heart from beating too fast when he sees the fact that he's a millionaire. Cheesy

eaLiTy

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Quote from: Ale88 on April 07, 2022, 11:43:37 AM

~
Yeah of course, the only problem is how do you know when bitcoin is at ATH? Grin

In the past I sold some other cryptos (not bitcoin) when they reach a new ATH, in a matter of weeks they did another 3-4x, so looking back everything looks easy and clear. At this point I simply sell when I'm happy with the amount of $ I'm getting for the sale, if after I sale it goes up again, well, it happens, I simply try not to think about it anymore.

Like you said, there is no point in thinking about the coins you sell. I own BTCitcoin at a much earlier stage and i consider any price i sell as just profits and i do not regret any of my decisions. I regret some of the alts i am holding because i waited for the long haul back in 2016 and majority of the coins did not rally after their first push and hence i do not hold alts for the long term.

Old wallets which were dormant started waking up for the past one year and this is the latest one and expect more to be active in the coming months Wink

.

qwertyup23

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Quote from: hugeblack on April 07, 2022, 06:14:34 AM

A 50 million percent gain. At the time around 2010, Bitcoin value was about $0.08 which worth more than 53.7M at 43k levels

Man, I wonder what the person is feeling right now. Does he perhaps forgot that he invested and HODLed around 100 BTCs currently; or was he waiting for the perfect opportunity to sell and activate such coins? A whopping 50 million percent gain is just unreal- these things only happen to cryptocurrencies which are just extremely volatile.

It makes you think- what would happen in a few years from now? Will we experience the same gain (or at least relative to) if we HODL our coins let's say 10-20 years from now? Well one thing is for sure, better to HODL at least some of your coins and treat them as long-term investments for your children or family to use.

stepwilli

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These type of things increase the "fear" part of it, and I am totally fine about that, the more people fear and sell, the lower it will get, the lower it gets the more I buy and then people realize that they could make money from it and get greedy again and that's when I sell. This fear/greed indicator is really good, it allows you to realize that people are making wrong moves with emotions and fear is not something that should cause you to sell your crypto, unfortunately people still do that.

Hopefully we will see a lot more people realize that when it goes down, that means a good thing and not a bad thing and dormant address selling their coins means it is actually a good thing that we got rid of that.

Woodie

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Besides the 100 BTC which comes with some good Return on Investment (ROI) based on today's rates , do these come with all the other forked coins that have happened over the years, say for example Bitcoin Cash etc or this will depend on where and how these coins were stored??

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Quote from: slackovic on April 07, 2022, 06:36:02 AM

I guess someone's pretty happy getting out of a prison as a millionaire

If it was me, I would have probably sold that BTC looong time ago for a few thousand bucks.

The amount of the 100 BTC is a lot for anyone under any condition, and the 12 years of hold is pretty much a long time for anyone I bet anyone would sell the bitcoin multiple times during all these 12 years because having the spirit of hold and being patient during all these years is not something that everyone has it since I have much information about the owner of this wallet I guess that's a wallet that it was lost years and the owner just found it somewhere.

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Quote from: so98nn on April 07, 2022, 08:36:02 AM

Quote from: n0nce on April 07, 2022, 08:20:00 AM

Quote from: so98nn on April 07, 2022, 08:12:48 AM

~

You're trolling, aren't ya? Cheesy

In case you're not: The 'Coinbase' company was founded in 2012.
Ever wondered how they came up with their name?

A coinbase transaction is the transaction that grants a miner their block reward & the transaction fees.

Quote from: https://learnmeabitcoin.com/technical/coinbase-transaction

[...]
A coinbase transaction is the first transaction in a block. Miners use it to collect the block reward, and any additional transaction fees.

It’s like putting your details on a self-addressed envelope so you can collect prize winnings.

Those tiny transactions going to what seem like Bitcoin addresses containing words, are just spam. Those UTXOs are unspendable since the addresses are actually invalid.

I was just making the story out of those clues. But its good to have detailed explanation above to understand what it is actually.
Yes, I knew that Coinbase was founded in 2012 and mentioned the same above. However, I was just trying to figure out whether they already had a plan to invest in future exchange and wallet program.

Quote

Those tiny transactions going to what seem like Bitcoin addresses containing words, are just spam. Those UTXOs are unspendable since the addresses are actually invalid.

Wow, I did not know about this! Thanks for sharing this. I will read more about it.

The fact that I myself mine, I never read in-depth to understand the first transaction in the block are called coinbase! But I am not a technical guy, I just read and build things. This is surely interesting topic to learn about. I think I will read in depth and also make topic about it in the beginners section. Nice idea! Thank you.

Don't you worry about making mistakes, or post something stupid. It will happen to each one of us in our Bitcoin Journey. Sometimes it's better to learn the hard way to let the lessons go in hard. For plebs like us, it won't be the last lesson that we learn, the hard way. Cool

kaggie

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1CUe12WDAo1DadWj1Y7XMXV2J8PiGsn2F1

That's a fun address. "Cue", "Dad"? I imagine this person has more than this, so might actually have chose to move from this for funsies. If you were a ridiculous multimillionaire with many old addresses, you might actually be so flippant. Maybe I'm reading too much into it.

These were mined in November 2009. That makes the value of them when mined about 1 cent, not 8 cents, if you were even trying to sell it then.

That's definitely quite the time to hold onto these for. I doubt that there are more than a handful of people who even transacted then.

so98nn

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Quote from: n0nce on April 07, 2022, 11:58:30 AM

Quote from: so98nn on April 07, 2022, 11:50:13 AM

But is there any explanation on how the spam address is generated? Like you said they are just out of spammy intention! Like what is exact purpose of all those addresses? Why anyone would want such addresses to send the coins. Or am I looking at it in wrong way?

Yes, someone's advertising for something that appears to be called memo dot sv.
You can just send a transaction with a small amount of BTC to '1Lets1xxxx1use1xxxxxxxxxxxy2EaMkJ', as well. It's some random string starting with 1 and then a valid checksum.

They want to do it because they know people are looking at that wallet (e.g. to see if whale transactions are happening) and then they see this ad and might visit the website. It happened on the forum donation addresses as well.

Forum funds: https://bitcointalksearch.org/topic/forum-funds-155000
Address: 3D9KJKMK6ff5Rtkj8nkMjuiTQ55GMAdHyj
Check spam transactions: https://mempool.space/address/3D9KJKMK6ff5Rtkj8nkMjuiTQ55GMAdHyj

Wow. You got answers to everything isn’t it. Knowledge is true power. Very impressive Wink

Yes saw the second transaction on Forum donation, it’s reflecting exactly same addresses as mentioned in our discussion. So the valid checksum make sure the transaction is completed and it doesn’t fail.

Quote

They want to do it because they know people are looking at that wallet (e.g. to see if whale transactions are happening) and then they see this ad and might visit the website. It happened on the forum donation addresses as well.

Exactly what I was doing when I saw those addresses for the first time.
That’s why I went into detective mode as per @stompix. Grin

So it’s just way to advertise and attract the stalker of that address. Makes complete sense since I was doing the same until now.

Added to do list: learn about memo dot sv.

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Quote from: so98nn on April 07, 2022, 11:50:13 AM

But is there any explanation on how the spam address is generated? Like you said they are just out of spammy intention! Like what is exact purpose of all those addresses? Why anyone would want such addresses to send the coins. Or am I looking at it in wrong way?

Yes, someone's advertising for something that appears to be called memo dot sv.
You can just send a transaction with a small amount of BTC to '1Lets1xxxx1use1xxxxxxxxxxxy2EaMkJ', as well. It's some random string starting with 1 and then a valid checksum.

They want to do it because they know people are looking at that wallet (e.g. to see if whale transactions are happening) and then they see this ad and might visit the website. It happened on the forum donation addresses as well.

Forum funds: https://bitcointalksearch.org/topic/forum-funds-155000
Address: 3D9KJKMK6ff5Rtkj8nkMjuiTQ55GMAdHyj
Check spam transactions: https://mempool.space/address/3D9KJKMK6ff5Rtkj8nkMjuiTQ55GMAdHyj

so98nn

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Quote from: stompix on April 07, 2022, 08:42:37 AM

Quote from: so98nn on April 07, 2022, 08:12:48 AM

[…]

You're completely mistaken
https://bitcoinblockexplorers.com/tx/a870a40b00c92142ea1cf417838e4685cf8d4bf5e719e4efa348768400018e72

You can see there that the company is called No Inputs! Wink

[…]

Quote from: so98nn on April 07, 2022, 08:12:48 AM

Above addresses uniquely have these words: Lets, Full, Of, See, Dot, Topic. Kinda interesting to see them in one batch.

Seems like the spammer should consider a different text, this one is too hard to read for some:

Quote from: n0nce on April 07, 2022, 08:20:00 AM

You're trolling, aren't ya? Cheesy

No, unfortunately, he's not, he actually believes he's on to something. Much detective work Wink

Ohh I see.
But is there any explanation on how the spam address is generated? Like you said they are just out of spammy intention! Like what is exact purpose of all those addresses? Why anyone would want such addresses to send the coins. Or am I looking at it in wrong way?

Quote from: n0nce on April 07, 2022, 08:45:49 AM

No problem; just start with the learnmeabitcoin page, maybe Bitcoin Wiki; the coinbase transaction is not complicated, it is basically just a transaction without inputs. If there are questions, you probably can find your answers online or in this forum without even a new topic, since it's been discussed so much already.

I just had a look and in the first commit of the Bitcoin GitHub repo, these transactions were already called 'coinbase'.
https://github.com/bitcoin/bitcoin/blob/4405b78d6059e536c36974088a8ed4d9f0f29898/main.h#L438

Code:

bool IsCoinBase() const
{
return (vin.size() == 1 && vin[0].prevout.IsNull());
}

Ohk, that’s lot of learning to do before I can understand the same. Thanks for the share. This will surely help everyone reading through this thread.

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Quote from: Bitstar_coin on April 07, 2022, 06:39:30 AM

That gain would have been even more if whoever owns that wallet decided to sell during btc ath.

Yeah of course, the only problem is how do you know when bitcoin is at ATH? Grin

In the past I sold some other cryptos (not bitcoin) when they reach a new ATH, in a matter of weeks they did another 3-4x, so looking back everything looks easy and clear. At this point I simply sell when I'm happy with the amount of $ I'm getting for the sale, if after I sale it goes up again, well, it happens, I simply try not to think about it anymore.

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$0.08 per BTC, ahhhh I only wish I was that early. I mean I’m lucky to have started my journey in 2014 but even just two years earlier would have been so much better. I guess the OP is a lesson to everybody, the best time to but bitcoin was in the past, the next best time is NOW.

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Quote from: slackovic on April 07, 2022, 06:36:02 AM

Quote from: hugeblack on April 07, 2022, 06:14:34 AM

TXs ID:

- https://whale-alert.io/transaction/bitcoin/f92c199beefbd0da5312aecd86215a7e6c5b2e19e910fe0300b91aa25edcbb15
- https://whale-alert.io/transaction/bitcoin/181ee03f53c5d6fea6655572380f435b26bb64029fa274620438951a6a16009d

Source @whale_alert Twitter account.

A 50 million percent gain. At the time around 2010, Bitcoin value was about $0.08 which worth more than 53.7M at 43k levels

I guess someone's pretty happy getting out of a prison as a millionaire

If it was me, I would have probably sold that BTC looong time ago for a few thousand bucks.

There were a lot of people who did that (sold for a few thousand dollars). Likewise there were a lot of people who heard about bitcoin and then did nothing from 2010/2011/2012/2013 through ? ? ? ?. Similarly there were certainly some people who didn't sell and have just kept holding. I doubt they were in prison, lol. They were just patient. Who knows whether this person sold or just moved it to a different wallet/computer etc.

It is the ant and the grasshopper story: planning ahead vs instant gratification. Being the ant is difficult.

I would also add that I am sure there were plenty of people who moved coins during the bitcoin cash fork (fall 2017?) so that they could get the BCH coins and sell them so plenty of "old" addresses were moved then.

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Quote from: cheezcarls on April 07, 2022, 09:24:02 AM

If he would have sold those BTCs during it's then-ATH of around $68k, he would be a freaking trillionaire in my opinion. Until now, I've still regretted about not knowing BTC in its early days as I was just a guy who managed a family business and a virtual assistant at the same time without knowing about cryptocurrencies yet. How I wish the Quantum Realm really exists hehehe.

To be fair — there's a HUGE difference between knowing about Bitcoin early on, versus knowing about Bitcoin early on while actually digging deep and learning about it, see the importance of a decentralized currency despite the US dollar doing really really well, actually spend money to invest in it, and maintain conviction for longer than a decade.

A lot of us are fantasizing about knowing Bitcoin early, but let's not forget that it's very likely that most of us wouldn't have held with diamond hands. Tongue

Cookdata

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Quote from: Fundamentals Of on April 07, 2022, 08:00:26 AM

There are only a total of 118.75 Bitcoin right? So with Bitcoin's current price at $43,670.86, the total of the Bitcoin in fiat would only be $5,185,914.62. How come it is worth more than $53,700,000 today?

We can only guess why after more than 12 years the owner has finally moved his Bitcoin. Whether he has just gotten out of prison, or has only decided to make use of his Bitcoin after years of hodling, or has finally recovered his private keys, etc, he has made a huge wealth out of what used to be an insignificant amount.

I just had to view the transaction on whale alert and you are right, maybe Op mistakenly wrote that amount but still, isn't that a miraculous way of becoming a millionaire. Buying 118.75 bitcoin at $0.08 should be worth just $9.5, this is the highest level of discipline I have ever seen as a hodler despite when the price popped up to $20k, the owner never sell even now, it doesn't show that the user has liquidated it, it might be a change of keys/seed for maximum security.
Can a time traveller do a test of his power back to 2012, I want to check something briefly! Grin

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Quote from: slackovic on April 07, 2022, 06:36:02 AM

Quote from: hugeblack on April 07, 2022, 06:14:34 AM

TXs ID:

- https://whale-alert.io/transaction/bitcoin/f92c199beefbd0da5312aecd86215a7e6c5b2e19e910fe0300b91aa25edcbb15
- https://whale-alert.io/transaction/bitcoin/181ee03f53c5d6fea6655572380f435b26bb64029fa274620438951a6a16009d

Source @whale_alert Twitter account.

A 50 million percent gain. At the time around 2010, Bitcoin value was about $0.08 which worth more than 53.7M at 43k levels

I guess someone's pretty happy getting out of a prison as a millionaire

If it was me, I would have probably sold that BTC looong time ago for a few thousand bucks.

If he would have sold those BTCs during it's then-ATH of around $68k, he would be a freaking trillionaire in my opinion. Until now, I've still regretted about not knowing BTC in its early days as I was just a guy who managed a family business and a virtual assistant at the same time without knowing about cryptocurrencies yet. How I wish the Quantum Realm really exists hehehe.

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Quote from: hugeblack on April 07, 2022, 06:14:34 AM

TXs ID:

- https://whale-alert.io/transaction/bitcoin/f92c199beefbd0da5312aecd86215a7e6c5b2e19e910fe0300b91aa25edcbb15
- https://whale-alert.io/transaction/bitcoin/181ee03f53c5d6fea6655572380f435b26bb64029fa274620438951a6a16009d

Source @whale_alert Twitter account.

A 50 million percent gain. At the time around 2010, Bitcoin value was about $0.08 which worth more than 53.7M at 43k levels

I guess the owner found his old laptop and was able to also recover the wallet. Those that thought that a lot of Bitcoin have been lost know now what those wallets owners never lost it but were just hodling.

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not your keys, not your coins!

Quote from: so98nn on April 07, 2022, 08:36:02 AM

The fact that I myself mine, I never read in-depth to understand the first transaction in the block are called coinbase! But I am not a technical guy, I just read and build things. This is surely interesting topic to learn about. I think I will read in depth and also make topic about it in the beginners section. Nice idea! Thank you.

No problem; just start with the learnmeabitcoin page, maybe Bitcoin Wiki; the coinbase transaction is not complicated, it is basically just a transaction without inputs. If there are questions, you probably can find your answers online or in this forum without even a new topic, since it's been discussed so much already.

I just had a look and in the first commit of the Bitcoin GitHub repo, these transactions were already called 'coinbase'.
https://github.com/bitcoin/bitcoin/blob/4405b78d6059e536c36974088a8ed4d9f0f29898/main.h#L438

Code:

bool IsCoinBase() const
{
    return (vin.size() == 1 && vin[0].prevout.IsNull());
}

There are more references in the same file and also anywhere else that these methods are used.
It's pretty wild looking at 2009 code again; no tests, all very unstructured and stuff.. but exciting! This was still mostly out of Satoshi's 'pen', compared to today's codebase that is mostly rewritten. He also camel-cased everything; from 'BitCoin' to 'CoinBase'. Cheesy

Regarding the original topic, my bet is that an original 2009 Bitcoiner decided to move his funds to a new storage / new seed. Back in the day, people just mined and held hundreds of BTC on their PC's HDDs and he might just have thought 'it's time to move them to an offline or hardware wallet'. Maybe the PC died and he restored his private key (there were no seed words) from a backup and moved the funds. I also don't believe the 100BTC were sold.

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Quote from: so98nn on April 07, 2022, 08:12:48 AM

Got some doubts on this one with big story going back of the mind. Like COINBASE was mining before and they were planning the foundation of same.
Is it from the Coinbase owners or something like that?
Coinbase was founded in 2012. However the sending party is COINBASE which include comment like (Newly Generated Coins).

The very first unspent transaction came to the parent address: 1CUe12WDAo1DadWj1Y7XMXV2J8PiGsn2F1 surprisingly from COINBASE. Dated and time stamp 2009-11-23 08:02

You're completely mistaken
https://bitcoinblockexplorers.com/tx/a870a40b00c92142ea1cf417838e4685cf8d4bf5e719e4efa348768400018e72

You can see there that the company is called No Inputs! Wink

Quote from: so98nn on April 07, 2022, 08:12:48 AM

Above addresses uniquely have these words: Lets, Full, Of, See, Dot, Topic. Kinda interesting to see them in one batch.

Seems like the spammer should consider a different text, this one is too hard to read for some:

Quote from: n0nce on April 07, 2022, 08:20:00 AM

You're trolling, aren't ya? Cheesy

No, unfortunately, he's not, he actually believes he's on to something. Much detective work Wink

so98nn

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Quote from: n0nce on April 07, 2022, 08:20:00 AM

Quote from: so98nn on April 07, 2022, 08:12:48 AM

~

You're trolling, aren't ya? Cheesy

In case you're not: The 'Coinbase' company was founded in 2012.
Ever wondered how they came up with their name?

A coinbase transaction is the transaction that grants a miner their block reward & the transaction fees.

Quote from: https://learnmeabitcoin.com/technical/coinbase-transaction

[...]
A coinbase transaction is the first transaction in a block. Miners use it to collect the block reward, and any additional transaction fees.

It’s like putting your details on a self-addressed envelope so you can collect prize winnings.

Those tiny transactions going to what seem like Bitcoin addresses containing words, are just spam. Those UTXOs are unspendable since the addresses are actually invalid.

I was just making the story out of those clues. But its good to have detailed explanation above to understand what it is actually.
Yes, I knew that Coinbase was founded in 2012 and mentioned the same above. However, I was just trying to figure out whether they already had a plan to invest in future exchange and wallet program.

Quote

Those tiny transactions going to what seem like Bitcoin addresses containing words, are just spam. Those UTXOs are unspendable since the addresses are actually invalid.

Wow, I did not know about this! Thanks for sharing this. I will read more about it.

The fact that I myself mine, I never read in-depth to understand the first transaction in the block are called coinbase! But I am not a technical guy, I just read and build things. This is surely interesting topic to learn about. I think I will read in depth and also make topic about it in the beginners section. Nice idea! Thank you.

n0nce

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not your keys, not your coins!

Quote from: so98nn on April 07, 2022, 08:12:48 AM

~

You're trolling, aren't ya? Cheesy

In case you're not: The 'Coinbase' company was founded in 2012.
Ever wondered how they came up with their name?

A coinbase transaction is the transaction that grants a miner their block reward & the transaction fees.

Quote from: https://learnmeabitcoin.com/technical/coinbase-transaction

A coinbase transaction is the first transaction in a block. Miners use it to collect the block reward, and any additional transaction fees.

It’s like putting your details on a self-addressed envelope so you can collect prize winnings.

Those tiny transactions going to what seem like Bitcoin addresses containing words, are just spam. Those UTXOs are unspendable since the addresses are actually invalid.

so98nn

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Activity: 2114

Merit: 603

Got some doubts on this one with big story going back of the mind. Like COINBASE was mining before and they were planning the foundation of same.

Is it from the Coinbase owners or something like that?

Coinbase was founded in 2012. However the sending party is COINBASE which include comment like (Newly Generated Coins).

The very first unspent transaction came to the parent address: 1CUe12WDAo1DadWj1Y7XMXV2J8PiGsn2F1 surprisingly from COINBASE. Dated and time stamp 2009-11-23 08:02

That Newly Generated Coins supposed to mean they were freshly mined I guess?

If you checkout the total transaction that happened in this address then you will find some interesting addresses involved.

Above addresses uniquely have these words: Lets, Full, Of, See, Dot, Topic. Kinda interesting to see them in one batch. Actually this is the batch where this address received more bitcoins. Afterwards they spent small amount in 2020 and now they have sent BTC 50.

Probably they are from Coinbase pre-party coins or may be some big players out there.

This is just hypothesis. Could be right could be really wrong. But it's fun to link such dots. Idk, while linking them found interesting addresses at least.

darkv0rt3x

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I rather die on my feet than to live on my knees

This can be even dangerous. Someone finding him/herself with so much money can get crazy. Anyway, I hope the person can be cool enough of make some good investments after selling some of it (after all one needs to take some profit for the present amusement, no regrets) but be also able to think in the long run because the trend will always be the rise of Bitcoin in price, adoption, etc. So, what gained like 50 million, can be 100 million in a few more years!

Just hope the motherfucker isn't a Russian! (no intention to harass anyone, it's just a joke).

Fundamentals Of

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Quote from: hugeblack on April 07, 2022, 06:14:34 AM

A 50 million percent gain. At the time around 2010, Bitcoin value was about $0.08 which worth more than 53.7M at 43k levels

There are only a total of 118.75 Bitcoin right? So with Bitcoin's current price at $43,670.86, the total of the Bitcoin in fiat would only be $5,185,914.62. How come it is worth more than $53,700,000 today?

We can only guess why after more than 12 years the owner has finally moved his Bitcoin. Whether he has just gotten out of prison, or has only decided to make use of his Bitcoin after years of hodling, or has finally recovered his private keys, etc, he has made a huge wealth out of what used to be an insignificant amount.

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Quote from: slackovic on April 07, 2022, 06:36:02 AM

If it was me, I would have probably sold that BTC looong time ago for a few thousand bucks.

And that's exactly why you are not a millionaire

Quote from: slackovic on April 07, 2022, 07:32:41 AM

I'm pretty sure no one would sell BTC for $44k after holding it for twelve years.

Just because they moved it doesn't mean they were sold, there is also no evidence that suggests otherwise either.

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Quote from: Bitstar_coin on April 07, 2022, 06:39:30 AM

That gain would have been even more if whoever owns that wallet decided to sell during btc ath.
I just can't believe how people are able to have such self control with btc for this long, I don't know what I would have done if I were in their shoes, (am like processing it in my head) Grin

How do you know that the owner of that wallet didn't just find that wallet and that's why he didn't move BTC before? I'm pretty sure no one would sell BTC for $44k after holding it for twelve years. OK, maybe if the owner has some kind of emergency and he/she needs money ASAP.

Bitstar_coin

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That gain would have been even more if whoever owns that wallet decided to sell during btc ath.
I just can't believe how people are able to have such self control with btc for this long, I don't know what I would have done if I were in their shoes, (am like processing it in my head) Grin

Wind_FURY

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Those old UTXOs, before the scaling debate, and before the altcoin BCash and its fork BCash SV, and other forks like Bitcoin Gold, are VERY valuable. The owners can retrieve those Bitcoin forkcoins, and they can sell them for the real thing. Cool

slackovic

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Quote from: hugeblack on April 07, 2022, 06:14:34 AM

TXs ID:

- https://whale-alert.io/transaction/bitcoin/f92c199beefbd0da5312aecd86215a7e6c5b2e19e910fe0300b91aa25edcbb15
- https://whale-alert.io/transaction/bitcoin/181ee03f53c5d6fea6655572380f435b26bb64029fa274620438951a6a16009d

Source @whale_alert Twitter account.

A 50 million percent gain. At the time around 2010, Bitcoin value was about $0.08 which worth more than 53.7M at 43k levels

I guess someone's pretty happy getting out of a prison as a millionaire

If it was me, I would have probably sold that BTC looong time ago for a few thousand bucks.

hugeblack

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TXs ID:

- https://whale-alert.io/transaction/bitcoin/f92c199beefbd0da5312aecd86215a7e6c5b2e19e910fe0300b91aa25edcbb15
- https://whale-alert.io/transaction/bitcoin/181ee03f53c5d6fea6655572380f435b26bb64029fa274620438951a6a16009d

Source @whale_alert Twitter account.

A 50 million percent gain. At the time around 2010, Bitcoin value was about $0.08 which worth more than 53.7M at 43k levels

Topic: Dormant Address Containing 100 BTC Activated After 12.4 Years When BTC Was $0.08 (Read 549 times)