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Topic: So Who Owed Satoshi Money? (Read 391 times)

newbie
Activity: 12
Merit: 5
January 16, 2024, 09:14:43 PM
#36
There's a Plausible theory here in case anyone missed it.  Seems to make more sense than someone wasting money attempting to expose someone who is either obscenely disciplined at not spending any of their vast fortune, or is unable to spend it because they're dead.
Thanks for this, makes sense.

Even though I kinda like this theory :
In my opinion, a much more likely scenario is that, at some heavily alcoholic/drug-fueled party, on some millionaires' yacht, just as a joke, it was sent a moment after the words "hold my beer".
legendary
Activity: 1288
Merit: 1081
Goodnight, o_e_l_e_o 🌹
January 16, 2024, 03:27:26 PM
#35
I was setting at the balcony with my friend and we were discussing bitcoin and cryptocurrency as a whole. While we were talking about the great job did by Satoshi. I told him about the 1.2m worth of bitcoin that was sent to the address that received the genesis reward. We were just discussing the reason why that coin was sent to Satoshi wallet and we could honestly not come up with any reasons. But then we unanimously agreed that Satoshi is not implicated because the coin was sent to his address and not from the address.
While we were discussing, I opened the forum with my mobile and stumbled on this very post and smiled. Now I can suspect CW as the masterminder of the coins sent to Satoshi wallet  Grin
jr. member
Activity: 89
Merit: 2
January 16, 2024, 12:23:16 PM
#34
There are so many theories on it. Only the government will tell who owns to whom
legendary
Activity: 3808
Merit: 1723
January 12, 2024, 11:24:34 PM
#33
Apparently this is a yearly thing on the genesis block anniversary where people send satoshi money. If you look at the graph for the inflows you will see that someone or a group of people send large sums of bitcoins to this address.

I found it odd at first because I noticed last January someone sent like $60K which was a lot because Bitcoin was cheaper last January. And now sending this large amount. Probably some early adopter who is thanking him.
sr. member
Activity: 980
Merit: 282
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January 12, 2024, 08:57:27 PM
#32
I did read some thread titles dealing with this, but I never looked into it until now.  This is the first time anything's been sent to Satoshi's stash, right, or am I wrong on that?  I know no coins have been sent from the genesis block, but my knowledge of the reverse scenario is fuzzy at best.  

In terms of value, this one certainly stands out.  But there are frequent transactions sent to that address.  Mostly dust amounts.  But definitely some larger sums as well.  There was a 0.01471488 sent last week.  That's over $600:   https://blockchair.com/bitcoin/transaction/fc80c09b644fa2f53d2988f95755717deca1ac27285016d5e08350972f097bbb




If the wallet frequently recieves donations unsolicited for, why then is it a big thing for the space apart from the fact that Satoshi is faceless and his wallet has been untouched ever since.

Shiba Inu was sent to Vitalik Buterin by the devs, it didn't raise dust even when he  sent it to india, there were no questions, why Satoshi and why now if some generous donors decides to get finger happy
copper member
Activity: 1330
Merit: 899
🖤😏
January 09, 2024, 01:32:02 PM
#31
IMO satoshi needs to send back the coins to the sender, by sending them first to such addresses:
1CSWisxxxxxxxxxxxx3ionaQ
1afraudxxxxxxxxxxxx5KiYdi

End of CSW story.
legendary
Activity: 4410
Merit: 4766
January 09, 2024, 12:13:13 PM
#30
Yea so you say, someone sent Satoshi 12x the minimal reportable amount just so that he's forced to report it to IRS - and you expect Satoshi to turn in just like that, walk into the nearest IRS office and fill the form. After 15 years being in complete darkness, dead or alive, inside or outside the US.

This makes no sense even from legal standpoint. He could say anytime that he didn't know about the transaction. You cannot be prosecuted for something you have nothing to do with. Boom, now what?

lets pretend real satoshi returns to claim his coins

solution
raid any of the other 20,000 addresses of 50btc each
dont touch block that received donations

not mention being satoshi, instead mention just being one of many early miners
not need to have to seek out any donator nor reveal being satoshi
legendary
Activity: 2282
Merit: 3014
January 09, 2024, 12:11:17 PM
#29
Or was it money due to Craig Wright cough who is supposed to be Satoshi
https://twitter.com/Pledditor/status/1744168276991545740

The transaction's destination, 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, links back to the P2PKH address associated with the public key that received the genesis block reward

"Munches Popcorn" I think Legal Abandonment of Property would be a legal argument at this point

Someone just sent Satoshi's genesis wallet $1.2 mil. in BTC.

Why?? The only thing that makes any sense is that the sender is flushing Satoshi out.

Under the new IRS rules, you have to report  any receipt of crypto over $10k. So, Satoshi has to dox himself, OR break the law
https://twitter.com/attorneyjeremy1/status/1743842422285562336/photo/1



That's IRS rule which only applies to those inside the United States.  I saw this as a buddy sent it to me the other day.  Really quite odd to be honest. I guess this person likely has a ridiculous amount of bitcoin and wanted to make news headlines and well he sure did as we can see here.  I doubt we will ever find out who did this and why, but who knows.
jr. member
Activity: 87
Merit: 3
January 09, 2024, 12:08:02 PM
#28
Yea so you say, someone sent Satoshi 12x the minimal reportable amount just so that he's forced to report it to IRS - and you expect Satoshi to turn in just like that, walk into the nearest IRS office and fill the form. After 15 years being in complete darkness, dead or alive, inside or outside the US.

This makes no sense even from legal standpoint. He could say anytime that he didn't know about the transaction. You cannot be prosecuted for something you have nothing to do with. Boom, now what?
newbie
Activity: 11
Merit: 0
January 09, 2024, 11:00:39 AM
#27
What is this transfer to Satoshi's wallet is actually an expensive way to try and create FUD.

It's certainly got the whole industry talking about it. Let's face it, if Satoshi's wallet suddenly becomes active, there will be a lot of uncertainty in the market due to the value of their holdings.

If someone were to place a $20m+ short, $1.2m to try and manipulate the market is nothing.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
January 09, 2024, 10:10:05 AM
#26
There's a Plausible theory here in case anyone missed it.  Seems to make more sense than someone wasting money attempting to expose someone who is either obscenely disciplined at not spending any of their vast fortune, or is unable to spend it because they're dead.
This is more plausible IMO. Having been able to somewhat force CW by Ayre for the fees to use the early addresses that he says he does or maybe save some money by Ayre but not funding him anymore or something to that sense.

But maybe a fat finger did it or something.  Huh Shocked
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
January 09, 2024, 10:02:23 AM
#25
I did read some thread titles dealing with this, but I never looked into it until now.  This is the first time anything's been sent to Satoshi's stash, right, or am I wrong on that?  I know no coins have been sent from the genesis block, but my knowledge of the reverse scenario is fuzzy at best. 

In terms of value, this one certainly stands out.  But there are frequent transactions sent to that address.  Mostly dust amounts.  But definitely some larger sums as well.  There was a 0.01471488 sent last week.  That's over $600:   https://blockchair.com/bitcoin/transaction/fc80c09b644fa2f53d2988f95755717deca1ac27285016d5e08350972f097bbb


legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
January 09, 2024, 06:32:56 AM
#24
Under the new IRS rules, you have to report  any receipt of crypto over $10k. So, Satoshi has to dox himself, OR break the law

How are you so sure that Satoshi is an American?

I don't I have just as much belief he is Craig Wright as he is really Dorian Nakamoto playing a long game at it ha-ha, now if people argued he was really Hal Finney that might be interesting at which point he's frozen now so this doesn't matter and if it was a consortium of people then good luck finding the true OG's from the cypherpunks who wrote the code.

I just found that post funny since they made a law to dox someone that basically abandoned their wallet in practice, and that the burden of proof is on the US Government proving to us Satoshi was American if they ever wanted to take some of that juicy wallet.

Easier money to be taken they can just go after Peter Thiel's wallet or something a few more years left before he gets away with his Roth IRA scot free. April 2027 to be exact it may activate a fight against the true rulers of the USA the mega corporations that said it would be fun to watch and it's fair game, at least they have a better argument than going after Satoshi for his stuff.

https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank
hero member
Activity: 882
Merit: 792
Watch Bitcoin Documentary - https://t.ly/v0Nim
January 09, 2024, 03:53:00 AM
#23
In my opinion, a much more likely scenario is that, at some heavily alcoholic/drug-fueled party, on some millionaires' yacht, just as a joke, it was sent a moment after the words "hold my beer".
Funny how business owners can't raise salaries but can spend millions of dollars in trash.

They just "burn" 26 BTC to get the attention of people towards the address and make us discuss something like this.
Sure, they want to get attention of people, otherwise, they would send those coins to me Cheesy

have we also considered that it might be a mistake in transaction destination.
Do you really think that someone who managed to own 26 Bitcoin, is stupid enough to make such a mistake? That's not a mistake for sure.

If you ask me the only thing that worth discussing about this event (which is also neglected) is the fact that those attacking Bitcoin have a lot of money to waste, specially when we consider the links some users point out between the origin of these funds and the ongoing attack against Bitcoin known as Ordinals.
By the way, this is not a wasted money. This accident gained attention, generated tons of media articles, tweets and shares. But why did sender spent a million dollar and not lower amount of money? Even 1 BTC would generate the similar attention.
legendary
Activity: 2492
Merit: 1145
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
January 09, 2024, 01:23:26 AM
#22
Under the new IRS rules, you have to report  any receipt of crypto over $10k. So, Satoshi has to dox himself, OR break the law

How are you so sure that Satoshi is an American?

We all have our own speculations just like mine, I have a feeling that satoshi is a Japanese based on his/her name, even satoshi's gender is undefineable and I don't have enough evidence so I never discussed it with other people, I hope others will do the same. It's better not to release a statement especially if it's not true, to avoid rumors especially nowadays that people around are easily believe in fake news without checking the facts.
After all of the rumors around for years about who is satoshi, there's no really concrete evidence who satoshi nakamoto is. Maybe there's a small chance that theymos who inherited this forum from satoshi has a small clue who satoshi really was though I also doubt that even theymos will reveal his knowledge about satoshi whereabouts.

Basically the new IRS rules can't affect satoshi nakamoto as long satoshi don't dox himself. Even if someone dox themselves as satoshi nakamoto and pay the fine of the IRS rules for the sake of making the public acknowledge him, I will doubt certainly doubt that person. The only way that I will believe someone is if the wallet addresses that are tagged to satoshi has moved to their address.

Satoshi Nakamoto will be mystery that we will try to figure out for the rest of our lives.
sr. member
Activity: 1022
Merit: 277
★Bitvest.io★ Play Plinko or Invest!
January 09, 2024, 12:48:11 AM
#21
Under the new IRS rules, you have to report  any receipt of crypto over $10k. So, Satoshi has to dox himself, OR break the law

How are you so sure that Satoshi is an American?

We all have our own speculations just like mine, I have a feeling that satoshi is a Japanese based on his/her name, even satoshi's gender is undefineable and I don't have enough evidence so I never discussed it with other people, I hope others will do the same. It's better not to release a statement especially if it's not true, to avoid rumors especially nowadays that people around are easily believe in fake news without checking the facts.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
January 09, 2024, 12:46:32 AM
#20
Everyone knows the bitcoins in the "Genesis block" are not speneable, so they send bitcoins there to burn it and also to be part of the history, because that block gets the most attention.

People get a bit of notoriety, when they send bitcoins to a block that started this whole experiment.  Grin
sr. member
Activity: 462
Merit: 355
The great city of God 🔥
January 09, 2024, 12:39:03 AM
#19
There are many rich people out there and many of them are bored and reckless so it is not that unbelievable to think that someone would do this for fun
Or probably the person is trying to gain Satoshi attention. Because many people would spend any amount of money or bitcoin to get the attention of Satoshi if truly he's alive.
Over the years people have Been so inquisitive about  satoshi existence and having that mindset that I wish I could see him face to face even its only once to congratulate him for his genuine discovery and how he has help the financial system of World and also pulling many out from poverty. So any body who does such transactions has his porpose. I know it's funny to think on how someone can waist such amount , but we should also know that the early miners had the opportunity to accumulate more and those set are extremely rich by now.
Whosoever is sending bitcon to satoshi to gain his attention is waisting the bitcoin and also his time because satoshi is holding about 2 million bitcoin and That is not a joke kind of amount.
legendary
Activity: 3472
Merit: 10611
January 09, 2024, 12:15:57 AM
#18
If you ask me the only thing that worth discussing about this event (which is also neglected) is the fact that those attacking Bitcoin have a lot of money to waste, specially when we consider the links some users point out between the origin of these funds and the ongoing attack against Bitcoin known as Ordinals.
legendary
Activity: 3808
Merit: 1723
January 09, 2024, 12:12:31 AM
#17
I keep seeing this being discussed over and over again. People are making a big deal about satoshi having to dox himself due to the irs rules. When in fact it doesn’t matter because those funds will never be moved.

Even if he is still alive he probably has tons and tons of 50 BTC coinbase transactions he can spend which are further away from the genesis block and make it less risky to be linked to his mining laptop.

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