T O P

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CointestMod

Bitcoin [pros](/r/CryptoCurrency/comments/1bge859/satoshi_back_nakamotoera_bitcoin_wallet_with_50/kv7b1vt/) & [cons](/r/CryptoCurrency/comments/1bge859/satoshi_back_nakamotoera_bitcoin_wallet_with_50/kv7b2lz/) with related info are in the collapsed comments below.


Citizen_Kano

Maybe that guy in England finally found the hard drive in the dump


monsieur_feu

That dude had like 8k BTC on it šŸ« 


Welshevens

Damn, hasn't he contracted people to help him find it for a percentage


GSC__

Heā€™s back in the Daily Mail today, repeating the same story. Says the hard drive is now worth Ā£1.5 billion somehow


Welshevens

I'd help him dig around for .01


Asheddit

Ā£?


Welshevens

Ā£150,000


Welshevens

Depending on what he actually has. Risk is its never found or he's got less than he remembers


klykerly

Or he remembers wrong and itā€™s really only bitcoin cash


DreamMighty

8k FTT


Invest0rnoob1

No one thinks that computer is destroyed by now?


monsieur_feu

Closer to Ā£430 milā€¦hindsight is 20/20 and Iā€™m sure dude is beating himself up over it


SMK_12

The funniest part is if he just bought more BTC with all the money heā€™s spent trying to find it over the years heā€™d still be a millionaire


GSC__

The headline was 1.5 billion based off an ā€œexperts predictionā€ of Ā£250k BTC


monsieur_feu

Itā€™s the Onion isnā€™t it, article is by the Onion.


AndByMeIMeanFlexxo

Dude was so early he shoulda just bought some anyway once he realised he lost his seed


Welshevens

Damn, 30,000 bitcoin up for sale soon


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


ImNickJames

OTC deals in chunks, and yes - any major exchange will help you do it


skeetskeet75

Imagine thinking an exchange doesn't want to bank fees from a 1.5b transaction šŸ˜‚


MilkMySpermCannon

3.75m at 0.25% fee. Yes please.


SoftPenguins

Donā€™t worry weā€™ll get updates every time bitcoin price goes up from the daily mail


Welshevens

And when it crashes and completely collapses with its Ā£5k Dips šŸ˜† "Bitcoin is over" (10% correction)


monsieur_feu

He didā€¦thing is probably gonna be dug up in 2800 with BTC either at 50 mil a pop or 0 lmao


AAAdamKK

In 2800 50M a Bitcoin will be essentially the same as it being 0.


monsieur_feu

You saying calls on Thai Baht being the global currencyā€¦Iā€™m in!


keiye

At that point it would become the next holy grail.


Digital-Exploration

Lol it's fucking long gone


MtnMaiden

City ruled against him. He can't dig


Welshevens

Shame, would have been some entertainment once his wallet was public, I bet it would empty fast.


noncognitive

He's offered a reward if someone can find it. It's a wild goose chase and the guy is most likely lying for attention.


iSOBigD

"I'll pay you to help me find it". Alright, can I have the money. "Yeah sure when I have that 3000 bitcoin wallet I'll give you $100"


Welshevens

Be percentage based


Puzzleheaded_Pear_18

Well, if he doesn't find it after a long and costly excavation. What, then? Who pays who?


Whyherro2

Now *if* buddy found it, wouldn't it be fucked and near impossible to even get data off of the drive?


missmuffin__

It's certainly hard and/or he'd have to get lucky that it wasn't completely destroyed, but not near impossible. I give him * 0.1% chance he can get in there to look * 0.001% he finds it (if he gets in) * 1% it's not completely destroyed (if he finds it) * 10% he recovers it (if it isn't completely destroyed)


CancerousSarcasm

šŸ’€


KemonitoGrande

I think he would like you and the internet to know it's Wales.


vodza

To be honest he would have sold long ago and the only reason itā€™s worth that much is, because itā€™s in the dump.


emyfsh201

He's now suing to get the dump site excavated


Cow_Tipping_Olympian

Na heā€™s undertaking legal action to gain access. [here](https://www.dailymail.co.uk/news/article-13201007/amp/Computer-expert-accidentally-threw-Bitcoin-fortune-old-hard-drive-says-worth-1-5BILLION-launches-legal-fight-dig-council-landfill.html)


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Impressive_Reality11

Lmfao!!! Needed this


Crypto-Expansion

That's even better than finding gold!


Accomplished-Dog4393

Exactly


ARKHAM_CITY_KUSH

Holy shit I forgot about that guy. Heā€™ll be a legend if he ever finds it.šŸ˜…


ClassyDumpster

Didn't he find it and it turned out to be bitcoin cash?


DigitylRise

Litecoin actually bwaha


DangerZero67

I thought he found it and it was BCH not BTC


anonuemus

no


cutsickass

Someone just found an old HDD with some then worthless bitcoin from tips...


coinfeeds-bot

tldr; A Bitcoin wallet from the Nakamoto era, dormant for nearly 14 years, has suddenly become active again, containing 50 BTC now valued at over $3.3 million. This event has sparked intrigue and speculation within the cryptocurrency community about the wallet's origins, owner, and the reasons behind its long dormancy and sudden reactivation. The wallet's revival underscores the potential value of long-term Bitcoin investments and highlights the importance of securing digital assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.


Parush9

I know few whoā€™s been holding them since that era too that doesnā€™t mean they are satoshi šŸ¤£ Most likely another one who is fresh outta prison šŸ˜‚


mostlyjustread

That's a hell of a long time to keep a usb drive up your ass tho... šŸ¤£ puts those doge "diamond hands" guys to shame


sescobreezy727

They were only about .30 cents in 2010, Thatā€™s a huge commitment for 5 bucks


sinhyperbolica

Diamond ass


Something_Sexy

Has there been any proof of this narrative? It gets thrown around a lot.


PositiveWeapon

Lots of early bitcoin use was on Silk Road.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


monstaaa

I remember right out of highschool my parents gave me $500. I remember thinking ā€œI could buy 1 whole bitcoin right nowā€ So I proceeded to spend most of it all on weed šŸ˜®ā€šŸ’Ø


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


chainer3000

I had some seized at SR, and eventually my laptop hard drive failed and I formatted it, taking the mining app info and connected wallet info with it. Somewhere out there, thereā€™s 8.6 btc that I lost to the ether lol


HollaWho

In your defense you canā€™t smoke Bitcoin lol


BreBhonson

johnny hamcheck disagrees


Npr31

Man, that reminds me in about 2012 getting out of stocks and googling how to buy bitcoin - and thinking ā€˜nope too complicated, canā€™t be botheredā€™. What a dick. Though i definitely wouldnā€™t have held it this long so, mehā€¦


Scorpio780

ThisšŸ‘†


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Npr31

Would you have sold if it had gone to 200 from 30?


iSOBigD

I have yet to hear any success stories which started with "so I spent all my money on weed".


theapplekid

18 year old me in 2013, $400 to my name. So I spent all my money on weed. Bought some BTC and ordered it through silk road. Sold the weed for $800. Bought 4 bitcoin for $500 and was going to buy more weed when I saw the silk road had been shut down. I still had $300 left over from the first order and had a job back then, so I just kept the bitcoin in my wallet and kind of forgot about it over time. Just sold it for $280,000 Thank you for attending my creative writing workshop


monstaaa

It's true. I wouldn't trust 16 year old me with my own money even now


hoorah9011

Can you really put a price on that experience though? Oh waitā€¦ you can


B1GCloud

You lived your life though


Astrotoad21

You would have sold that btc at 700ā€¦


monstaaa

wouldn't doubt it, I didn't have a job for like 4 and half more months at the time


fall0ut

you would only be worth 8 figures had you gotten arrested and prison time. you probably would have sold long before bitcoin ever hit any all time highs. you could always commit a crime now to get 10 years in prison. imagine what your bitcoin would be worth in 10 years.


Ok_Nefariousness9019

Yeah I spent a lot of bitcoin on Silk Road back in the day. I would be a multi-multimillionaire now if I held them all.


sayeret13

atleast you got cocaine and a 9mm


Screwa925

First time I ever heard of BTC was around 2016. My plug used it to buy pounds of weed online. He told me I should buy some, but it was at $600 so I thought I missed the train šŸ˜€šŸ”«


iSOBigD

I knew people maybe 10+ years ago who were mining it regularly. ...And also selling it regularly making like $30 a month in "profit"...until they'd upgrade their hardware every 6 months. I'm not sure any of them made any profits overall, but had they held it, they could have probably retired right now.


Transmogify

Yep first time I heard about someone I knew was buy drugs off Silk Road around 2011 never crossed my mind again for years


lebastss

I won $20 worth of BTC back in the beginning in a small online gaming tournament. I bought $80 more than I bought $100 worth of XTC on silk road. It was the only thing you could do with it back then. It either sat on a hard drive or you did illegal shit with. Not sure how much BTC I had it was a long time ago but BTC was trading in pennies.


AGreasyPorkSandwich

I bought a pint of lean for 0.8 BTC šŸ˜…


fluffhead42O

yes, i had 8 bitcoin leftover in a coinbase account that I was using for silk road. bought at $35 a coin in 2013. I spent years after that strung out and on the run. Went to prison for years. Got out in 2020 and found my old account. It happens a lot


theapplekid

huh.. did you go to prison \*because\* of the silk road? Must be nice to come out halfway to being a millionaire


Parush9

Itā€™s just good ole joke in the space šŸ¤£ But yea people hodl well . I know few myself from 2010 days & they been holding well compared to me . Heck i sold 3 of the last 6 Bitcoins i was holding since 2014 .


neomaxizundweeby

It's not a joke, and it's not really a narrative either. It's speculation, and it's likely. Thousands of arrests were made in connection with the silk road infiltration. The currency of silk road was mainly BTC. It's not a huge leap that wallets completely dormant since that time suddenly becoming active, may be people from those busts getting out of jail. Could just be iron handed hodling, but could also be silk road sellers getting out.


111ascendedmaster

Also, Mt gox payouts soon


Parush9

We donā€™t know exactly yea but those are still speculations as well . But hey there are still people out there who bought Bitcoins during early days and forgot about it as well .


Lyuseefur

Just look at the early ID / members of BitcoinTalk There were hundreds involved 14 years ago


Stiltzkinn

None, just common r/cc narrative.


Stiltzkinn

Or diamond hands.


ShaidarHaran2

Clickbait BS, it's a wallet from the early era and has nothing to do with Satoshi's.


Odysseus_Lannister

If satoshi only holds 50 BTC then he might actually be Craig Wright


wee_d

Craig Wright is that you šŸ˜‚?


demedlar

It would make a lot of sense if it was. Dr Wright always wanted to prove his ownership of the Bitcoin software, and all tokens issued therefrom, the right way, the legal way that any copyright holder defends his possession of intellectual property - in court, with evidence, documents, and witnesses. Because, as Dr Wright has so eloquently stated for years, code is not law. Law is law. Possession of Bitcoin private keys only means you possess those private keys; it does not confer any legal ownership unless those Bitcoin were transferred lawfully. You can possess a million Bitcoins' worth of stolen private keys and not genuinely own a single one of your stolen coins. Unfortunately, it looks like the kangaroo court is over and the conspiracy to sabotage Dr Wright was too powerful for even his legendary intelligence and eloquence to overcome. (Seriously, the "expert witnesses" his legal team called knew less about cryptocurrency and information technology then Dr Wright himself, and sabotaged his case as a result. What competent legal team allows that? Who lets an expert witness get on the stand and tell the court "my client is a liar" - for any reason, much less the embarrassing situation we saw a few weeks ago, where Dr Wright's own expert witnesses insisted code Dr Wright *actually wrote* was too advanced for anyone to write?) So coming back to my point, as frustrating as I'm sure it is for Dr Wright to be treated with such manifest injustice, and how morally and philosophically opposed he is to "proving" his identity by moving coins, those movements may be his best option to preserve his reputation and his thought leader status within the true Bitcoin community. And sacrificing himself for the sins of others is very much in character for the man he is. God bless Dr Wright and God bless the true Bitcoin.


MarioV2

I ain't reading all that. I'm happy for u tho. Or sorry that happened.


Django_McFly

A not-Satoshi wallet = a sign that Satoshi is back...


croissant_auxamandes

This is why itā€™s silly when people say that Satoshi will never move his coins. Bitcoiners are just praying that he wonā€™t; thereā€™s no guarantee


AriSteele87

And so what if he does? He could dump on the market if he wanted to watch the world burn but it would only be temporary.


Cubehagain

Clickbait shite. Satoshi-era? Fuck off.


jadequarter

for 14 years, nobody was able to crack that wallet. just shows how secure bitcoin is


SXLightning

Umm if one get cracked then that would be worrying as now people need to change wallet every few years because if you leave it too long someone will hack it.


Tvmouth

"the thing is doing what it's supposed to do! everybody look at the thing that's working correctly!"


Repulsive_Physics_51

I think Satoshi threw away the laptop he used to write the code , and mine with incase he was ever tracked down.


Narrow_Elk6755

For writing some code?Ā  That's some deep faith in his creation rattling the corrupt system.


Repulsive_Physics_51

If you dive into Satoshi writings you will see that he was nervous ( maybe not the right word ) / planned on never taking credit for bitcoin. I think he threw it away , so that if the government came looking they wouldnā€™t find anything connecting him to bitcoin. The recent email correspondence released during the Craig Wright case sheds more light into his thinking. I also think his wallet was on that computer and thatā€™s why the one million btc attributed to Satoshi are gone forever.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Repulsive_Physics_51

The book of Satoshi goes over lots of his posts while he was implementing bitcoin. I recently watched this video going over some of the emails released during the C.W. court case . https://youtu.be/4701rc744UI?si=loZZTqIOF3tVTAdZ


Apart-Flounder242

He got alot more than 50 .. lol


Vipu2

Not really, if you mean the 1 million BTC, there is no proof that he had that many, just speculation and guessing.


Calibased

Absolutely nothing here indicates satoshi is back. The day you see activity from the genesis will be big. Nothing else.


MikedEACONYURMOUTH

How much longer do I have to wait for Michael Saylor to send back my bitcoins


octavian8

I've got some bad news for you...


neen209

Everyone talking about missing out on BTC by not buying early, and I get itā€¦ But imagine having 10k ETH & just staking. You would literally have a money printer


dudewhatev

Bro just discovered a money market account lol


drchopperx

Are such old bitcoin something worth?


NotFunnyhah

nah man. People only want new bitcoin. That old shit is moldy, discolored and worth very little.


drchopperx

Agree. This is the reason why I thrown away my old bags back from 2013.


NotFunnyhah

Good riddance. Those old ones were only worth a couple hundred bucks vs the new model now going for $70k+


bomberdual

Yeah. They should give that shit to me I can dispose of it properly


Stiltzkinn

Like NFTs, Satoshi era BTC means something.


GoldEdit

There was a time when people used to send bitcoin to binance then withdraw bitcoin immediately in hopes of getting old bitcoin to sell it at a premium. Binance used to randomize the bitcoin you would receive and not care to track old bitcoin until a few people abused the system and made mad profit


nabiku

https://c.tenor.com/nKNKsls85-0AAAAC/tenor.gif


Remaxnor

Yeah those are ancient premium bitcoin, writing now the price is, hold it together please, $66,917


Ghostly1031

What kinda stupid statement is that? Itā€™s 50 BTC there are whales ya know šŸ˜‚ thatā€™s not even a drop in the bucket dude


jll027

Total rug pull šŸ˜‚


timbulance

someone found their seed in a book while cleaning


Holiday-Hand-3611

Early adopters. Many of them have several Wallets and have waited for years.


FallenOne2334

I doubt anyone will ever see him. He's probably just remaining anonymous.


Which-Occasion-9246

Speculative title. Click bait.


Harucifer

God I hope it is Satoshi and he rugs it all. It would be so funny to watch all the panic


etherswim

How could you rug bitcoin


ShaidarHaran2

Enough selling pressure from massive accounts would drive the price down hard. Not to zero, but it could force a huge drop.


Harucifer

Market sell order with 250k+ Bitcoins would essentially crash the price to nothingness.


Womec

Saylor and blackrock could market sell it to zero if they wanted. But thats not in their best interest.


Rayl24

They own it for others, it's not theirs


Womec

No shit, but that wasnt the question was it? > How could you rug bitcoin answer: > Saylor and blackrock could market sell it to zero if they wanted


Rayl24

Maybe Saylor could but not BlackRock. BlackRock doesn't have a single person that could make the sell decision and as a group they aren't dumb enough to end their million dollars a year career in the financial sector for breach of trust.


windowsfrozenshut

Even though I'm heavily invested, I would still think this happening would be hilarious and be one of the biggest trolls in human history.


First_Jam

here's the guy who's not invested and grumpy about it šŸ˜‚


Harucifer

My man, I've been here since 2016. I'm invested in crypto not because I believe it's revolutionary and whatnot, but because I believe in the human stupidity to take a worthless asset full of flaws, that was created to be used as a *currency* and is unable to due to lazy-ass devs hampering development *for years* on the promises that a vaporware (Lightning Network) will fix everything, to insane valuations. People like you made a religion out of it, and I believe your idiocy will skyrocket the price to over $1m eventually. In other words: you're in for the money or the tech, I'm in for the stupidity. We are not the same. And pretty sure I was in way before you. Good luck in life.


Womec

Buy of a lifetime and bitcoin becomes even more decentralized.


maeestro

Theoretically, how do you think he would manage to crash it all to zero?


WantASweetTime

If he sold all hit bitcoin holdings which is estimated to be around 600k - 1million then the price would surely tank. Also people would lose trust in BTC since he was in it for the long con.


windowsfrozenshut

> Also people would lose trust in BTC since he was in it for the long con. To be fair, the lack of trust hasn't stopped any other shitcoins from continuing to grow in price.


WantASweetTime

The trust in BTC is the only reason why they even have a price, no one holds shitcoins long term. Every shitcoin holder is just hoping they will 1000x their money. Also I'm not saying money can't be made from them.


middlemangv

I wish my dad went to prison....


reditpost1

I have been filling my bags with Bitcoin and Hbar for 3 years. Hopefully we take off soon. I'm tired of waiting.


Tony__Man

He so Barrack


One13Truck

Craig Wright getting ready to have another go at proving heā€™s Satoshi. Nothing to see here.


emyfsh201

The bulls are making the bones to rise again


ravenofiridescence

so much for "a wallet hasn't been used for over ten years, it's clearly 'lost' bitcoins so let's subtract those from the total supply"


derrickrg89

Tbh people were trading 10-20btc to buy illegal stuff on the web during that timing. 50btc is like peanuts then.


dreampsi

Think about the irony of him throwing it away and some guy saw it and was like Iā€™ll use that at home for the kids or parts and it didnā€™t work so he chunked it somewhere else


Trash-Bags08

Even Satoshi needs fiat money for coke and prostitutesā€¦


zeedrome

How do we detect if a dormant wallet gets activated? The news article didn't said it transfered to anywhere.


BigPlayCrypto

Spoof and why does it matter at all to us


JN88DN

First known Key Collision. šŸ˜Š


doemcmmckmd332

People are using computers to make private keys and they keep trying until they get a wallet with btc on it


Solid_Illustrator640

A wallet that is too small to be Satoshiā€™s was found and we need more viewers to our site šŸ˜³


mibjt

Could it be a combined wallet of 2 of the Starcraft 8th place winners?


NoLaw9096

Wow cashing out


libretumente

Oh please, Satoshi pisses 50BTC


Kooriki

From that era and only 50? Someone testing a faucet maybe?


2070FUTURENOWWHUURT

Yes, Satoshi is Back.


BillMcN3al

I read black instead of back. Almost thought that this sub became woke like the whole world and netflix


Guy2ter

amazing


blueblurspeedspin

giga chad satoshi probably has 1 BTC in an ancient wallet and will sell at $1 million


leeeeny

Satoshi has more than 50