Satoshi-Era Bitcoin Wallet Awakens, Moves $16.5m in Btc After 14 Years

Posted2 months agoActive2 months ago

salkahfi

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A Bitcoin wallet from the Satoshi era, dormant for 14 years, has been activated and transferred $16.5M in BTC, sparking discussion about the potential identity of the owner and market implications.

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Discussion (15 comments)

Showing 15 comments

dzarrini

2 months ago

3 replies

It makes you wonder why such an old wallet would make a move now? There has been so many Bitcoin surges and this wallet user did not move any BTC. Did they remember their passwords after 14 years, or just never had the need to move them.

exabrial

2 months ago

2 replies

My personal conspiracy theory is I think Bitcoin itself is a state-actor creation, for no other reason than mysterious behavior like this.

Honestly have no idea what my passwords were 14 years ago.

umbra07

2 months ago

1 reply

I'm confused. This has a very simple, and likely explanation. Someone found their old password written down (or found an old hard drive). This is one of the most obvious and clear-cut applications of Occam's Razor - why jump to "state-actors"?

UltraSane

2 months ago

1 reply

the assumption is that this wallet is so old it belongs to one of the creators of bitcoin.

monerozcash

2 months ago

2011 is not nearly old enough to suggest that

ENGNR

2 months ago

2 replies

Nakamoto = central origin

Origin = CIA?

saulpw

2 months ago

1 reply

Satoshi = intelligent

ENGNR

2 months ago

Omfg you're right. I was half joking before, but yeah that's... quite a coincidence

JPLeRouzic

2 months ago

https://news.ycombinator.com/item?id=41449007

ronsor

2 months ago

1 reply

I think the most likely explanation is they tried Bitcoin a while ago and subsequently forgot about it. Then they discovered the wallet when checking an old backup or booting up an old PC from that era.

brador

2 months ago

Could be someone cashing out a paper wallet for retirement, or a wallet hasher hit RNG payday.

Terretta

2 months ago

HODLer stopped HODLing a bit is all, why is this curious in any way?

If one thinks of this thing in orders of magnitude, seeing support at 100,000 with 1,000,000 still a ways off is a fine checkpoint.

Thinking back, 10 and 100 weren't interesting, 10k could have been but for reasons felt unripe. By contrast, 100k feels on "this side" of a lot of things aligned, fewer things left unaligned, so, meh.

And now, more topically, the BTC vs. alt coin behavior on China tariff Friday suggested a new kind of institutional support that could give a long term HODLer comfort for selling into it once that dust settled.

kgc

2 months ago

Would be crazy if a country made Bitcoin to weather sanctions or other economic interventions.

liquid_bluing

2 months ago

This comes to mind:

https://coincentral.com/russia-authorizes-bitcoin-for-foreig...

andirk

2 months ago

I just felt like it was time to move it.

Nothing extremely odd about this move.

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