For those not aware, the original 50 coins sent to this address were generated from the genesis block, the first block on the blockchain. However, the transaction is still unconfirmed, so until it is this could be nothing. Market has been scared downwards though.
Satoshi Nakamoto moves his 6.5 yr old bitcoins
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Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins
#22What would the value be in USD?
i think, it is 50 BTC, roughly 14229 US Dollar
Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins
#23At an exchange rate of $284.45 USD/BTC, this comes out to a transaction of a little more than $14,000. However, as creator of the Bitcoin protocol and an early adopter, and that this is one of his oldest wallets, he may be moving unknown quantities of Bitcoin. This could cause a disruption on the open BTC markets if he exchanges a large quantity -- but for what reason? No one knows, since Mr. or Ms. Nakamoto is anonymous.
Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins
#24Bitcoin newbie here. How do we know that's him?
We know that the very first bitcoins in the blockchain are "his", and IIRC some other coins have been tracked as "his" based on being in the same wallet or wallets. There are a number of articles on this over the past years.
I say, "his", since we don't know who the creator is, could be a group of people, might not be a man.
Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins
#25What's the possibility someone brute forced his private key?
Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins
#26And the price tanks immediately: https://cryptowat.ch/bitfinex/btcusd/3min
that graph is pretty cool
Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins
#27That's about $15k at today's rate, according to Google. Not much, really.
That would pay off my student loans nicely. $15k is still much to some :)
Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins
#28Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins
#29Is this lack of anonymity a feature of Bitcoin?