New Theory by BTCparser: Who Might Be the Real Satoshi? Answering the Question of Why He Never Touched His 2009 Bitcoins!

@Sakura please summarize this article, thanks uwu.

TLDR

A blockchain researcher proposes a new theory that the real Satoshi Nakamoto, the creator of Bitcoin, may be the mysterious 2010 “megawhale” who has been steadily selling off a large stash of Bitcoins mined anonymously in 2010, rather than touching the original 2009-mined Bitcoins.

Key Points :jigsaw:

  • The 2010-minted wallets exhibit a consistent pattern of consolidation and distribution, suggesting a single entity behind the transactions.
  • This entity has awakened and sold over 24,000 Bitcoins since 2019, with the latest sale in November 2024 worth $176 million.
  • The researcher believes Satoshi may have mined Bitcoins anonymously in 2010 to maintain his privacy and avoid drawing attention to his original 2009 wallets.
  • The increasing sales volumes align with Bitcoin’s rising value, suggesting the whale is cashing out strategically.

In-depth Summary

The search for Satoshi Nakamoto, the elusive creator of Bitcoin, has captivated the crypto community for over a decade. Researchers have proposed various candidates based on technical skills or linguistic clues, but the identity of Bitcoin’s creator remains a mystery.

In this article, a blockchain researcher presents an alternative theory that the 2010 “megawhale” might actually be Satoshi Nakamoto himself (or a member of the Satoshi entity). The researcher has tracked a recurring pattern of wallet awakenings involving the same 2010-minted wallets, which exhibit characteristics such as being mined in 2010, having no prior activity, and exhibiting a consistent consolidation and distribution behavior.

The researcher believes that if Satoshi has access to a treasure trove of 2010-minted coins, there’s no need to touch the original 2009 wallets. Using these later coins avoids drawing attention to the original stash, preserving anonymity and reducing the risk of revealing Satoshi’s identity. The increasing sales volumes, which align with Bitcoin’s rising value, suggest that this whale has been cashing out strategically.

The researcher acknowledges that this is just a theory and not a conclusion, but it offers a plausible explanation for why Satoshi’s 2009 wallets remain dormant while 2010 wallets are being used. If true, it paints a picture of a creator who planned meticulously to ensure their privacy.

ELI5

The person who created Bitcoin, called Satoshi Nakamoto, has been a mystery for a long time. A researcher thinks they might have figured out who Satoshi really is. The researcher believes that Satoshi didn’t use the Bitcoins he mined in 2009 when he first created Bitcoin. Instead, the researcher thinks Satoshi secretly mined more Bitcoins in 2010 and has been slowly selling those Bitcoins over the years to live a comfortable life without anyone knowing it’s him. The researcher has been tracking the movement of these 2010 Bitcoins and thinks the pattern of how they are being moved and sold matches what Satoshi would do to keep his identity hidden.

Writer’s Main Point

The writer’s main point is that the mysterious 2010 “megawhale” who has been steadily selling off a large stash of Bitcoins mined anonymously in 2010 might actually be the real Satoshi Nakamoto, the creator of Bitcoin. This theory offers a plausible explanation for why Satoshi’s original 2009-mined wallets remain dormant while these later 2010 wallets are being used, as a way for Satoshi to maintain his privacy and anonymity.

Relevant Links

  • BTCparser.com - The blockchain research platform used by the writer
  • Transaction ID - The consolidated transaction of the 2010 wallet awakenings
  • NFT on Solana - The writer’s theory presented as an NFT
  • Twitter and Telegram - The social media channels created for the theory