Author: Brayden Lindrea, CoinTelegraph; Compiler: Wuzhu, Golden Finance
Researchers have proposed a new theory about Satoshi Nakamoto - the Bitcoin creator has never been dormant and has been strategically cashing out from early Bitcoin wallets ever since.
In a November 19 article, Bitcoin research company BTCparser stated that a batch of Bitcoin wallet addresses were created in 2010, each holding 50 Bitcoins, which were not transferred until the first "awakening" (which they called the "2010 Whale") in November 2019.
BTCparser’s theory suggests that Satoshi owns these wallets and has been slowly selling the bitcoins in them while deliberately leaving the 2009 wallets aside to avoid attention.
“This makes me suspect that the mysterious whale from 2010 may actually be Satoshi,” BTCparser said in a Nov. 19 post. However, BTCparser added that this is still a “theory, not a conclusion.”
Source: Vladimir S
BTCparser said that if Satoshi Nakamoto was behind the wallets in 2010, then "this portrays a creator who carefully planned to ensure his privacy."
“If Satoshi had access to a trove of Bitcoins minted in 2010, there would be no need to touch the original 2009 wallet. Using these later Bitcoins avoids drawing attention to the original stash, thereby maintaining anonymity and reducing the risk of revealing Satoshi’s identity.”
The funds were pooled into a P2SH address, often used as an escrow, and then sent to multiple bech32 addresses — a type of address that offers low transaction fees and efficient use of block space.
The first sale of $5 million worth of Bitcoin from these addresses was in November 2019, with the second and third sales of $6 million to $8 million and $11 million to $13 million in March and October 2020, respectively.
The fourth sale was a $176 million liquidation, which took place 10 days ago on November 15.
“The growing volume coincides with Bitcoin’s rising value, suggesting the whale has been strategically cashing out.”
BTCparser said that unless the whale was operating through an intermediary, Coinbase, the cryptocurrency exchange where the bitcoins were stored, may have better knowledge of the person or entity behind the transactions.
In October, a controversial HBO documentary claimed that Bitcoin cypherpunk Peter Todd invented Bitcoin.
Todd refuted the conclusion, and most industry experts said HBO’s evidence was quite weak.
Nick Szabo, Adam Back and Hal Finney’s names have all been linked to the identity of Satoshi Nakamoto.
Szabo and Back have frequently refuted claims that they are Satoshi, as did Finney before his death in 2013.
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