Is Satoshi Nakamoto a “2010 giant whale”?Have you been selling BTC?

Author: Brayden Lindrea, CoinTelegraph; Compiled by: Wuzhu, Bitchain Vision

Researchers have proposed a new theory about Satoshi Nakamoto—the Bitcoin creator has never been dormant and has been strategically cashing out of early Bitcoin wallets since then.

In a Nov. 19 article, Bitcoin research firm BTCparser saidIn 2010, a batch of Bitcoin wallet addresses were created, each holding 50 bitcoins, and it was not transferred until the first “awakening” (what they called the “2010 giant whale”) in November 2019.

BTCparser’s theory shows that Satoshi Nakamoto owns these wallets and has been slowly selling the bitcoins in these wallets, while deliberately putting the 2009 wallet aside to avoid attracting attention.

BTCparser said in a Nov. 19 post: “This makesI suspect that the mysterious giant whale in 2010 may actually be Satoshi Nakamoto.“But, BTCparser added, it’s still a “theory, not a conclusion.”

Source: Vladimir S

If Satoshi Nakamoto was behind these wallets in 2010, then “this portrays a creator who is carefully planned to ensure its privacy”, BTCparser said.

“If Satoshi Nakamoto had access to the 2010 Bitcoin Treasures minted, there was no need to touch the original 2009 wallet. Using these later bitcoins can avoid attracting attention to the original hiding, thus maintaining anonymity and reducing exposureThe risk of Satoshi Nakamoto’s identity.”

How to clear funds

These funds are concentrated in a P2SH address, usually used as custody, and then sent to multiple bech32 addresses – an address type that provides low transaction fees and efficient utilization of block space.

In November 2019, these addresses sold $5 million worth of Bitcoin for the first time, with the second and third transactions of $6 million to $8 million and $11 million to $13 million in March and October 2020, respectively.trade.

The fourth sale was a $176 million liquidation conducted 10 days ago on November 15.

“The growing sales match the rising value of Bitcoin, showing that the whale has been strategically cashing out.”

Unless whales operate through intermediaries, the cryptocurrency exchange Coinbase, which stores these bitcoins, may know better about the individuals or entities behind these transactions, BTCparser said.

In October, a controversial HBO documentary claimed that Bitcoin crypto punk Peter Todd invented.

Todd refuted this conclusion, with most industry experts saying the evidence for HBO is quite weak.

Nick Szabo, Adam Back and Hal Finney’s names are all associated with Satoshi Nakamoto’s identity.

Szabo and Back often refute the claim that they are Satoshi Nakamoto, as did Finney before his death in 2013.

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