Is Satoshi Nakamoto Back ? 40 Bitcoin Transferred from Dormant Wallet since 2009

The coins in this transaction were mined in the first month of Bitcoin's existence.

Satoshi Nakamoto is the name used for the person who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. As part of the implementation, Nakamoto also devised the first blockchain database. This is the only information available till date about him. Many people have claimed, or have been claimed, to be "Satoshi" but no one will be able to proved that.


Today on 20 May 2020, according to Whale Alert twitter handle, 40 Bitcoins worth

$391,055 USD transferred from possible Satoshi Nakamoto owned wallet which was inactive since 2009 to unknown wallet.

40 bitcoins were transferred to unknown bitcoin wallet. The most amazing thing about the transaction is that the coins in this transaction were mined in the first month of Bitcoin's existence on 10 February 2009. On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of newly generated 50 bitcoins and 40 bitcoins were transferred directly from that wallet to unknown wallet.

Source - blockchain.info

Now the big question is that how many people knew about bitcoin in the first month of its existence. The first bitcoin transaction was made between two people and the only one known to have been sent by Satoshi Nakamoto. The transaction was done on Jan. 12, 2009 when Satoshi Nakamoto sent 50 BTC to Hal Finney in block 170.

Source - blockchain.info

On 17 March 2010, BitcoinMarket which is not functional now, started operating as the first bitcoin exchange. On 22 May 2010, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida, for 10,000 bitcoin and crypto community celebrates this day as Bitcoin Pizza Day.

Crypto community is expecting that the 40 bitcoin transaction was made by Satoshi Nakamoto, as that wallet is possibly owned by him. It raises one more important concern that the exact figure is unknown but it is estimated that Satoshi Nakamoto may possess 1 million bitcoins and if he will start using them, than we might see big supply of bitcoin in the market, which can also create a panic in the market and we might see bitcoin price falling for the short term.


But it would be interesting to know, if he comes out and people will know more about him, which has given new hope to the global financial system.


#SatoshiNakamoto #Bitcoin #Crypto