Probably Satoshi cashing out some Bitcoins ?

raid_n

sr. member

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Quote from: thrax on July 27, 2014, 03:21:45 PM

Is it technically feasible to attempt finding a wallet's private key? I thought it was practically impossible to do it with today's computers. I have already lost a few keys and know I have coins on blockchains that I can no longer spend.

It depends. The strength of your private key is directly related to its randomness.
I'd say the standard client generally would provide enough randomness so for all intents and purposes it is infeasible.

On the other hand if you did a sha256 hash on some input for your private key (i.e brain wallet etc) it will greatly depend on how easy it is to guess.

Just look at the sha256 of an empty string -> e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855 and its corresponding address 1HZwkjkeaoZfTSaJxDw6aKkxp45agDiEzN
If an early miner had compromised random number generation you might be able to exploit that but this issue is universal to all addresses.

mmitech

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things you own end up owning you

Quote from: manfred on July 27, 2014, 04:09:08 PM

One of the earliest people to receive coins where AHA (the Austin Hackers Association) Dustin D. Trammell received 50 coins on 2009-01-16 at 19:18:35
Initially I though H. D. Moore is Satoshi which is not the case

https://bitcointalksearch.org/topic/satoshi-identified-but-its-not-hd-moore-311328

Interesting, I didn't know about that one.

Febo

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Why they would not cash out in February when price was high? I bet they are buying back now.

Quote from: myself on July 27, 2014, 12:34:59 PM

if this coins belong to satoshi or not is irrelevant

the relevant part is some old time holder decided to move

there should be a simple service to track all the bitcoin mined on 2009 and maybe with sms alarms for a fee and special filters

I agree, those bitcoins should have special historical value. at least double price as the rest.

manfred

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Energy is Wealth

One of the earliest people to receive coins where AHA (the Austin Hackers Association) Dustin D. Trammell received 50 coins on 2009-01-16 at 19:18:35
Initially I though H. D. Moore is Satoshi which is not the case

https://bitcointalksearch.org/topic/satoshi-identified-but-its-not-hd-moore-311328

thrax

sr. member

Activity: 253

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Is it technically feasible to attempt finding a wallet's private key? I thought it was practically impossible to do it with today's computers. I have already lost a few keys and know I have coins on blockchains that I can no longer spend.

Justine

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Merit: 100

Many of the top bitcoin addresses are lost wallet.

Ibian

legendary

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And we have another ignore.

bitcoin4eva

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Yea but I think that BTC is just so largely spread and widely known and used that it will never go back to 0$. Thats just my opinion though.

ankan

newbie

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may be they making new wallet with new addresses

myself

legendary

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chaos is fun...…damental :)

if this coins belong to satoshi or not is irrelevant

the relevant part is some old time holder decided to move

there should be a simple service to track all the bitcoin mined on 2009 and maybe with sms alarms for a fee and special filters

falllling

member

Activity: 112

Merit: 10

Quote from: bitcoin4eva on July 27, 2014, 12:25:01 PM

Why would you think it will drop to 0$?

bitcoin bubble pops up from $0, if its going to end some day, then it will end back to almost $0, everything will eventually goes back to where it came from and belongs to

bitcoin4eva

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Merit: 250

Why would you think it will drop to 0$?

falllling

member

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he was cashing out because he saw the end of bitcoin is coming soon, bitcoin bubble will soon burst and drop to almost $0, this is his last chance to cash out

so you better do the same thing fast

bitcoin4eva

sr. member

Activity: 328

Merit: 250

Oh, my bad Cheesy

Could this be someone who recovered his old addresses?

ScreamnShout

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Quote from: bitcoin4eva on July 27, 2014, 11:49:03 AM

Could this be the reason for the recent drop in price? I don't know what to say to this as I'm no expert in these things but it does seem that someone from the early days is cashing out some money Cheesy

I wish I was involved in the early days :-/

This happened over 5 months ago so I doubt it had anything to do with the price drop.

It is very interesting to see coins that were mined such a long time ago moving around all of a sudden.

crazyALT47

newbie

Activity: 59

Merit: 0

This doesn't necessarily mean that he is selling his bitcoin but rather that he is moving his bitcoin from one adders to another (assuming that he did in fact mine the coins in question and assuming that he is the only one that controls the private keys to the coins in question)

bitcoin4eva

sr. member

Activity: 328

Merit: 250

Could this be the reason for the recent drop in price? I don't know what to say to this as I'm no expert in these things but it does seem that someone from the early days is cashing out some money Cheesy

I wish I was involved in the early days :-/

mmitech

legendary

Activity: 1148

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things you own end up owning you

Quote from: ?? on ??

Quote from: mmitech on July 27, 2014, 08:51:13 AM

** EDIT ** I have an article pending on 'Let's Talk Bitcoin' which includes all of the raw data

idiotic title

ok, thank you.

Malin Keshar

hero member

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price is not dropping like a stone in a place without atmosphere, so its more probably just an uncofirmed possibility at most, for now

herzmeister

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hmmm looks like the real Satoshi took the opportunity and a small time window at the beginning of this year to boot up his elaborate anonymizing VPN infrastructure again and take care of some BTCusiness with this and the reply to the Dorian story, before "moving on to" his "other things" again.

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