Satoshi just sold his mined Bitcoins from 2010 - page 2.

ahmedjamal1998

hero member

Activity: 728

Merit: 537

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.

craZyLovE0916

sr. member

Activity: 588

Merit: 250

This dude (whoever is selling, who is NOT Satoshi by the way) is smart, nonetheless. He sees we are in a bubble and cashing out before it bursts. And also if you had that much money it really doesn't make much a difference to make more. Tongue

Doms

hero member

Activity: 714

Merit: 500

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.

CoinOn

newbie

Activity: 17

Merit: 100

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.

Razick

legendary

Activity: 1330

Merit: 1003

Quote from: drwhobox on August 29, 2017, 08:22:20 PM

Don't spread rumors. You must have proof that it''s satoshi. He has like worth 1,000,000 Bitcoin in his wallets. And also no one knows who is satoshi. All of his old a dress are stuck since 2010

This title is ridiculous. OP needs to change it to something more realistic. Satoshi has 1,000,000 Bitcoins like you say, and this guy is only selling 1,000 Bitcoins, which is only 1,000th of what Satoshi has. I don't mind clickbait, but this isn't even clickbait it is just straight up lying... right? I mean come on how many people are going to click this and waste their time. Tongue

mynt

newbie

Activity: 6

Merit: 0

Started to do some digging on this transaction. All inputs were from mining during a short period of time.

Oldest block was mined 2010-01-25 14:03:24 (36297)
Newest block was mined 2010-01-31 02:42:28 (37356)
That's a 1059 block difference to mine their 60 blocks. So at the time they had approximately 18% of the network hashrate.

Check this out http://1.bp.blogspot.com/-0RMaiJObi8s/U-tDSbfK11I/AAAAAAAAAbU/Td_SxUQ7Kws/s1600/satoshisProportion2014-08-13.png

Which is a link from this article http://organofcorti.blogspot.com.au/2014/08/167-satoshis-hashrate.html

Anyone know if there were many others mining at that level early on? This can't have been more than one of a handful of people and satoshi isn't ruled out yet.

Edit: total math fail, that's only 5.6% of mining power, probably not satoshi, but likely another big early player.

TheButterZone

legendary

Activity: 3038

Merit: 1032

RIP Mommy

Quote from: Soros Shorts on August 29, 2017, 08:52:25 PM

Maybe the person wants to dump their Bitcoin Cash and are simply moving their coins to protect from a replay attack prior to cashing out the BCH.

Good theory.

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.

Not exactly a safe amount, this early in the Segwit on mainnet game...

Kaller

hero member

Activity: 752

Merit: 501

The fee isn't even too bad, actually. hehehe

Anyways, this should be expected. We are in a huge bubble which is bound to break soon.

By the way, please do not clickbait. Thanks

Soros Shorts

donator

Activity: 1617

Merit: 1012

Maybe the person wants to dump their Bitcoin Cash and are simply moving their coins to protect from a replay attack prior to cashing out the BCH.

drwhobox

full member

Activity: 756

Merit: 133

- hello doctor who box

Don't spread rumors. You must have proof that it''s satoshi. He has like worth 1,000,000 Bitcoin in his wallets. And also no one knows who is satoshi. All of his old a dress are stuck since 2010

hatshepsut93

legendary

Activity: 3024

Merit: 2148

It's possible that those addresses belong to Satoshi, but they are all from 2010, while Satoshi has started mining in Jan 2009. This means that it can also be some other early miner. Also, this transaction included only 3000 BTC, while rumors say that Satoshi owns around 1 million BTC. Also it doesn't look like dumping, the outputs might belong to the same person and it looks like that person is just testing SegWit transactions. But anyway, that's a good find, keep watching that address to see if it will get sent to some exchange.

bitcoinexplorer

sr. member

Activity: 420

Merit: 255

do you know it is Satoshi? come on dont spread such rumors.

Akira.x

newbie

Activity: 8

Merit: 0

Satoshi ... now more than ever, he's dead.

I have not moved anything, they will have stolen them.

.....

Cormoran

member

Activity: 61

Merit: 10

I haven't been around for anywhere near long enough to know personally, of course, but I thought I'd read that no one was even sure if Satoshi was a real person or not... does anyone actually know for certain? I've read a few theories, that's it. It seems a little unreal to think that now, with Bitcoin being a billion-dollar business, one single inventor is just sitting quietly with his fortune and not saying a word about it. Dunno, maybe I'm wrong, maybe it really is someone who just published the idea and some code ideas and then abandoned the project without looking back... until he reads the news, anyway.

CARrency

sr. member

Activity: 546

Merit: 256

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.

I thought Satoshi really sold out his bitcoins. I've read that Satoshi mined a lot of bitcoins before leaving his creation and I thought this is the bitcoins he mined that time, ohh well, I guess Satoshi really don't care about bitcoins anymore, still where is the coins he mined that time? Huh

Janation

hero member

Activity: 1722

Merit: 528

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.

Too late for the sorry isn't it. Though I also think this is not a cash out but someone making his bitcoins secure. Still that is a lot of Bitcoins there. I guess there are really a lot of people we don't know of that has a massive number of Bitcoins.

unholycactus

legendary

Activity: 1078

Merit: 1024

You can't assume it's a cash out by only viewing the transaction. Even if it went to a known exchange address, it doesn't guarantee that.
It could simply be a transfer between addresses he/she owns.

odolvlobo

legendary

Activity: 4466

Merit: 3391

There is no indication that someone is "cashing out" unless you know the destination address is an exchange.

Iranus

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Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

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.

adaseb

legendary

Activity: 3808

Merit: 1723

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.

Topic: Satoshi just sold his mined Bitcoins from 2010 - page 2. (Read 2466 times)