Satoshi just sold his mined Bitcoins from 2010

bitfools

member

Activity: 112

Merit: 12

Quote from: adaseb on August 29, 2017, 05:59:05 PM

Alright... sorry for the clickbait but it looks like some very very early early adopter is cashing out

https://blockchain.info/tx/4b60dc9cd051f4489420018bf52ead4f1f1377b0e0b4f2bc552f31b2649230ab

Most were mined beginning of 2010 which at the time bitcoin had no value.

LBO has been attacking LARGE BALANCE ACCOUNTS for months ever think that they could have cracked an early one with a poor hash or password?

Brute force LBO is active, statistically it can happen and HIGH value accounts are the targets.

***

But given all the BCH bullshit, and given that the OP posted a LIE as the title click-bait, and given that BCH just wants to demonize and create FUD in BITCOIN

WE can probably assume this story is bullsit, so an old account move 3,000 BTC true? Yes or No, maybe somebody will dump the blockhash I don't want to bother,

So this is the future? everytime a high value account makes a transaction its news?

***

SKY is falling BITCOIN legacy-founders are selling, THIS IS SO F**KING BCH

Palmholder

full member

Activity: 224

Merit: 100

What you said is so dirty rumor. If Satoshi will appear, or his traces will be revealed it would cause huge influence at the market. Its only possible to happen in bound with changing whole bitcoins position in people minds, to better of worse direction

saponetes

member

Activity: 420

Merit: 18

What a like guy. I dont mind to be him, and if i was him i sell part of the bitcoin right now. No one knows the future and despite possible bitcoin valrozation in the future he makes a fortune today selling it. A life changer at least for me.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: franky1 on August 31, 2017, 12:25:52 AM

probably theymos moving his coins

(known as sirius-m) back in those days

FYI, theymos (https://bitcointalksearch.org/user/theymos-35) and sirius (https://bitcointalksearch.org/user/sirius-4) are different people.

franky1

legendary

Activity: 4410

Merit: 4766

probably theymos moving his coins

(known as sirius-m) back in those days

pinkflower

sr. member

Activity: 868

Merit: 259

Heres another possibility. What if BTC is already at its peak in value and the earliest of investors are getting ready to sell everything and invest in some other cryptocurrency?

bitorama

full member

Activity: 238

Merit: 100

why lots of people think that was Satoshi ? Was he the only miner during that period ?

freebutcaged

hero member

Activity: 588

Merit: 541

How do we know that only Bitcoins mined with the difficulty of 1 were mined by Satoshi? he could've used another PC to become the second miner.

All in all, he has to have the freedom to do whatever he wants, he did a great job by creating the system and inventing blockchain technology which

Had been used on thousands of different projects, if he can't use his coins then who is more deserving?

elebit

sr. member

Activity: 441

Merit: 250

There are many people from the early days that have 3k BTC. There are a bunch on this very forum with 10k+.

It looks like one of the output addresses is stamp's trading wallet, so it's likely that this guy is looking to cash out 1k and hodling 2k.

I hope this person gets a vacation house somewhere nice as it takes some nerves to hodl through the extra long sub-30 sub-1000 dips. But it is silly to implicate Satoshi. There's absolutely no reason to believe it is as there were plenty miners in 2010.

Also, look at the depth of the exchanges today. 1k coins won't even move the needle.

aTriz

hero member

Activity: 1232

Merit: 683

Tontogether | Save Smart & Win Big

Quote from: adaseb on August 29, 2017, 05:59:05 PM

Alright... sorry for the clickbait but it looks like some very very early early adopter is cashing out

https://blockchain.info/tx/4b60dc9cd051f4489420018bf52ead4f1f1377b0e0b4f2bc552f31b2649230ab

Most were mined beginning of 2010 which at the time bitcoin had no value.

There is no proof that whoever is transferring this much btc is actually cashing out, the address may be a new cold storage or an exchange.

We can't really say that this is Satoshi selling, but it could be a possibility that he is cashing out.

That's 12Mil dollars, so I guess whoever cashed out is probably living in a mansion now. Good luck to him.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: Iranus on August 29, 2017, 06:15:35 PM

If I understand it correctly, SegWit uses newer P2SH (pay to script hash) addresses, which start with a three just like the ones that this person is sending to.

Rather than jumping to the conclusion that this early adopter is "cashing out", we could consider that they're moving their coins to SegWit-compatible wallets - something which people with the opportunity should certainly be doing.

I don't see why. If you have a ton of BTC and you are just holding it for long term, why even bother moving them? they are safe in the classic format that begins with an 1.

Most likely it's an early adopter getting ready to dump his BCH or at least to protect from replay attacks when trying to access his BCH. This is no satoshi, his coins are well traced.

michkima

hero member

Activity: 896

Merit: 514

We can't say for sure that this was a sell transaction. More like a consolidation, maybe? Or maybe their trying to get the bitcoin cash too by doing this. We can't really say this is satoshi's though, we need more evidence than just because this is from an early adopter. Since the coins that were mined were from 2010, it is not definitely from satoshi.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

this has nothing to do with satsohi, the coins are all after the Satoshi time and from 2010 not the early blocks which were mined by Satoshi. and also as it was mentioned by someone else. this is most probably someone from the early days who is trying to get the Bitcion Cash airdrop now that the price is still high enough to be worth anything. or probably getting ready to claim it if there was a pump or something.

steamon

sr. member

Activity: 404

Merit: 252

I have been on this ride since 2011 and no I did not buy a lot of bitcoins I just got a few to play around with and cashed out when I mined like 40. For today standards 3000 btc this is called a big fish. I remember people sitting on 300k bitcoins when the price hit 100 and yes he did cash out 1 day. If you look very closely you see that bitcoins are getting more divided between people and its worth is increasing. Most likely in 10 years having 10 BTC might be called a whale. There might be some investors hoarding them but lucky there is not someone that owns all bitcoins.

dlorah111

full member

Activity: 148

Merit: 100

Well I think 3,000 x $4500 is reason enough to cash out.
it's $12,000,000 who wouldn't cash out and be able to do whatever you want.

L00n3y

sr. member

Activity: 490

Merit: 250

Quote from: CoinOn on August 29, 2017, 09:32:18 PM

Maybe just a real early adopter hit their target for when they want to cash some out. Could still only be a fraction of what they have in total.

True. This early birds can have more than a 10k btc in their holdings but still we don't know if it is a cash out. Still that's a large amount he got there.

Quote from: Doms on August 29, 2017, 09:49:29 PM

That's a pretty large number of bitcoins and regardless who owns it, he must be having a good time right now. After holding them coins for a little over seven years, the value has risen so much and if I were in his position, I would really be thinking about cashing out some too. Maybe that is just part of what he owns or just transferring to another address but whatever the case, he is one lucky man for having that many bitcoin in holding.

I would cash out too but only to sustain some of my personal expenses like building a home and have a business in the real world, I won't cash out if I don't have a solid reason and instead of cashing out some, I would rather spend it on alts and do some trades to make a money roll. Every bits count. Roll Eyes

Cobalt9317

copper member

Activity: 434

Merit: 278

Offering Escrow 0.5 % fee

Quote from: ahmedjamal1998 on August 29, 2017, 10:08:40 PM

Well whoever this person is, he must be so happy right now.
Things that had no value at all are worth millions of dollars and granted him the title of "millionaire".

Quote from: Iranus on August 29, 2017, 06:15:35 PM

If I understand it correctly, SegWit uses newer P2SH (pay to script hash) addresses, which start with a three just like the ones that this person is sending to.

Rather than jumping to the conclusion that this early adopter is "cashing out", we could consider that they're moving their coins to SegWit-compatible wallets - something which people with the opportunity should certainly be doing.

Well that's still actually a possibility but we'll never know since these addresses are brand new. Actually the scenario that the coins got sold is acceptable.
Maybe a new investor bought ? and just created one address and the other is the exchange address of the owner.

The only transaction was No.1 It means that this BTC is never been used and just keeping it or It could be the hardware that I throwed in the garbage when I though that this coins is just useless and nothing of use. xD

adaseb

legendary

Activity: 3808

Merit: 1723

Well how do we know its for sure not him?

Obviously if he sold his BTC from Block #1 we would know it was him. But if he was mining for around a year or so and selling his mined coins backwards then it would be harder to link it to him.

dumbtool45

sr. member

Activity: 448

Merit: 252

I read the topic and here are really interesting ideas.

As far as I know Satoshi can't mine the genesis coins, it is unkown if this was an errore of his code or not. Only after the last coins will be mined in the bitcoin network the satoshi will be able to move the funds from the genessis address.

Even more about bitcoin segwit, it is too early to say it is safe to trade this kind of ammounts at this moment

BossMacko

hero member

Activity: 1134

Merit: 502

There is a lot of possibilities here but what i think here is some company is starting to set there bankroll. But if i will answer based on the title, it is not sure if the person who is cashing out it satoshi because there are lots of people who adopt bitcoin at early stages.

Topic: Satoshi just sold his mined Bitcoins from 2010 (Read 2466 times)