Satoshi-Era Bitcoin Wallet Awakens, Moves $16.5M in BTC After 14 Years | Hacker News Reader

Satoshi-Era Bitcoin Wallet Awakens, Moves $16.5M in BTC After 14 Years

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43 pointssalkahfi15 comments

It makes you wonder why such an old wallet would make a move now? There has been so many Bitcoin surges and this wallet user did not move any BTC. Did they remember their passwords after 14 years, or just never had the need to move them.

My personal conspiracy theory is I think Bitcoin itself is a state-actor creation, for no other reason than mysterious behavior like this.

Honestly have no idea what my passwords were 14 years ago.

I'm confused. This has a very simple, and likely explanation. Someone found their old password written down (or found an old hard drive). This is one of the most obvious and clear-cut applications of Occam's Razor - why jump to "state-actors"?

the assumption is that this wallet is so old it belongs to one of the creators of bitcoin.

2011 is not nearly old enough to suggest that

Nakamoto = central origin

Origin = CIA?

Satoshi = intelligent

Omfg you're right. I was half joking before, but yeah that's... quite a coincidence

https://news.ycombinator.com/item?id=41449007

I think the most likely explanation is they tried Bitcoin a while ago and subsequently forgot about it. Then they discovered the wallet when checking an old backup or booting up an old PC from that era.

Could be someone cashing out a paper wallet for retirement, or a wallet hasher hit RNG payday.

HODLer stopped HODLing a bit is all, why is this curious in any way?

If one thinks of this thing in orders of magnitude, seeing support at 100,000 with 1,000,000 still a ways off is a fine checkpoint.

Thinking back, 10 and 100 weren't interesting, 10k could have been but for reasons felt unripe. By contrast, 100k feels on "this side" of a lot of things aligned, fewer things left unaligned, so, meh.

And now, more topically, the BTC vs. alt coin behavior on China tariff Friday suggested a new kind of institutional support that could give a long term HODLer comfort for selling into it once that dust settled.

This comes to mind:

https://coincentral.com/russia-authorizes-bitcoin-for-foreig...

I just felt like it was time to move it.

Nothing extremely odd about this move.

Would be crazy if a country made Bitcoin to weather sanctions or other economic interventions.

Reply on news.ycombinator.com