Satoshi Nakamoto’s Genesis Address got $1.19 Million in Bitcoin

[Fivestar4everMVP]

I do not want Satoshi to return. Some have predicted this event and the collapse of Bitcoin, but I believe this to be a trivial mistake. While making a mistake with such a large amount of money is clearly negligent, this transaction remains a mystery to me.

Satoshi (whether it be a group of persons or just one man) is a human being like everyone of us and deserve to live, enjoy life, and do the same things we all do.

We all own a bitcoin, which we move bitcoin to, and transfer bitcoin from, from time to time, we do this almost every or every week and it's never made it the headlines, why does Satoshi's own have to be different?

I understand he, or they, are a celebrity in the crypto verse and celebrities are always watched, but we should cut this man, or this group of persons some slack, he or they, moving some bitcoin to the bitcoin genesis address does not mean he or they are going to reveal their identity, because personally, I see doing so at the moment as totally stupid, and I don't think satoshi is that dumb.

I still believe that some one must have mistakenly sent those bitcoins to the bitcoin Genesis address, but even if it was satoshi who did make that transaction, it is totally his or their business I think.

[Baofeng]

We really don't know who send it, I just speculate that,

1. it could be a mistake
2. that someone wants to make some noises but sending it
3. it is really Satoshi's address?
4. that might want to test the owner of that address, whether Satoshi or not if he will moved that coins and then trace it to identify the owner

In any case, I do agree that Satoshi though might not or will not resurface even if they did this kind of trick to him or to that address.

[owlest]

Satoshi (whether it be a group of persons or just one man) is a human being like everyone of us and deserve to live, enjoy life, and do the same things we all do.

We all own a bitcoin, which we move bitcoin to, and transfer bitcoin from, from time to time, we do this almost every or every week and it's never made it the headlines, why does Satoshi's own have to be different?

I understand he, or they, are a celebrity in the crypto verse and celebrities are always watched, but we should cut this man, or this group of persons some slack, he or they, moving some bitcoin to the bitcoin genesis address does not mean he or they are going to reveal their identity, because personally, I see doing so at the moment as totally stupid, and I don't think satoshi is that dumb.

I still believe that some one must have mistakenly sent those bitcoins to the bitcoin Genesis address, but even if it was satoshi who did make that transaction, it is totally his or their business I think.

I must have misspoken. I meant that I don't want Satoshi Nakamoto's identity to be revealed, as this would definitely have a negative impact on bitcoin and cryptocurrency in general. He's probably living somewhere in between of us, cleverly hiding his identity but not using the public wallets assigned to him. Agreed, Satoshi's identity - and the hoax around it - has a positive impact on bitcoin.

[MrSpasybo]

I must have misspoken. I meant that I don't want Satoshi Nakamoto's identity to be revealed, as this would definitely have a negative impact on bitcoin and cryptocurrency in general. He's probably living somewhere in between of us, cleverly hiding his identity but not using the public wallets assigned to him. Agreed, Satoshi's identity - and the hoax around it - has a positive impact on bitcoin.

I believe that the eternal (or at least for now) anonymity of Satoshi is one of the “core values” of Bitcoin. Satoshi himself also chose to remain anonymous for over a decade and there are many possible reasons for this: privacy, security, decentralization, and ideological. By remaining anonymous, he has ensured that BTC remains a truly decentralized and democratic system. He has also avoided becoming the target of government scrutiny or prosecution^[1].

I don't even dare to think about the changes in BTC and crypto market after Satoshi's identity was revealed. Perhaps blockchain technology will still develop, but crypto market will lose its leader - BTC.
[1] Why does Satoshi Nakamoto remain anonymous?

[Asiska02]

I do not want Satoshi to return. Some have predicted this event and the collapse of Bitcoin, but I believe this to be a trivial mistake. While making a mistake with such a large amount of money is clearly negligent, this transaction remains a mystery to me.

No one wish for Satoshi Nakamoto to be revealed to the whole world. His anonymity makes bitcoin to have come this far and not being breach of its decentralized network. If bitcoin is ever being sent out of the genesis address, it will bring the market into a great turmoil. I don’t expect that to happen because no indications of anything like that happening but if it does, the market will be shaken up which is  not a good sign for bitcoin survival. The person that sent the bitcoin to that address is just up to something or wants to see the reaction of the market to that.

[CryptoLaila]

 The person that sent the bitcoin to that address is just up to something or wants to see the reaction of the market to that.

I think the guy is just looking  for a recognition or maybe he's try to fake people into believing he's the Satoshi but I don't  even  think people really cared about it as majority don't even  want Satoshi  to revive from hidden background  .  I still  consider  that BTC as a huge money to an account which as been in hibernation  since the start of Bitcoin history 

[owlest]

I believe that the eternal (or at least for now) anonymity of Satoshi is one of the “core values” of Bitcoin. Satoshi himself also chose to remain anonymous for over a decade and there are many possible reasons for this: privacy, security, decentralization, and ideological. By remaining anonymous, he has ensured that BTC remains a truly decentralized and democratic system. He has also avoided becoming the target of government scrutiny or prosecution^[1].

I don't even dare to think about the changes in BTC and crypto market after Satoshi's identity was revealed. Perhaps blockchain technology will still develop, but crypto market will lose its leader - BTC.
[1] Why does Satoshi Nakamoto remain anonymous?

I agree with you. If Satoshi had been in charge of Bitcoin, he could have been pressured to make decisions in someone else's favour. Decentralisation is better when an asset is run by the community.

No one wish for Satoshi Nakamoto to be revealed to the whole world. His anonymity makes bitcoin to have come this far and not being breach of its decentralized network. If bitcoin is ever being sent out of the genesis address, it will bring the market into a great turmoil. I don’t expect that to happen because no indications of anything like that happening but if it does, the market will be shaken up which is  not a good sign for bitcoin survival. The person that sent the bitcoin to that address is just up to something or wants to see the reaction of the market to that.

Who do you think this man is? I can't imagine who he is or why he did it. This adds even more mystery to Bitcoin.

[Stompix]

About making a transaction with 1 satoshi, it is not correct because with Bitcoin on-chain transactions, there are limits (minimum) for transactions, to avoid dust attacks.

Depends on address and transaction types, the minimum is different but it is about 330 - 546 satoshis at least.
Legacy addresses: 546 satoshi
Native Segwit addresses: 294 satoshi
Taproot addresses: 330 satoshi

Not entirely true, he could send zero satoshi as long as he pays the fee by using OP_RETURN 
50e432f59b748e8a6c7a3dffe79b203b559dcdd41b5f5d5aee709dfdd3abd547

The person that sent the bitcoin to that address is just up to something or wants to see the reaction of the market to that.

I think the guy is just looking  for a recognition

How is he looking for recognition since he has kept staying anonymous days after the transactions hiding and not reveling who he is?

[hugeblack]

3. it is really Satoshi's address?
4. that might want to test the owner of that address, whether Satoshi or not if he will moved that coins and then trace it to identify the owner

In any case, I do agree that Satoshi though might not or will not resurface even if they did this kind of trick to him or to that address.

Did you read @OP   
Your reply are completely off-topic or they indicate that you did not read. The address above is the Coinbase address, which is the first address for receiving Bitcoin transactions, and therefore it is definitely for Statoshi. As for the reasons, they have been listed in the previous comments.

[MVL~$]

Satoshi Nakamate is a wonderful name to me. His discovery of Bitcoin and its current rise in value is truly astounding. I think it might be a happy news for him if bitcoins are sent to his account in honor. I don't really want Satoshi Nakamate to come back, nor do I think anyone would. It's a creation in his mind that he can't seem to get rid of even if he wants to.

[MrSpasybo]

Satoshi Nakamate is a wonderful name to me. His discovery of Bitcoin and its current rise in value is truly astounding. I think it might be a happy news for him if bitcoins are sent to his account in honor. I don't really want Satoshi Nakamate to come back, nor do I think anyone would. It's a creation in his mind that he can't seem to get rid of even if he wants to.

Satoshi Nakamoto chose to remain anonymous for over a decade, he did not move BTC from his Genesis account anywhere to sell on CEX or via OTC even though BTC price increased millions of times. It was a wise choice or Satoshi Nakamoto could not have done it due to the loss of his private key(?). I don't think Satoshi Nakamoto will do something out of the ordinary and risk invalidating BTC's mission. At least he didn't suddenly appear with crypto community to share the joy when BTC Spot ETF was approved today 

[tbct_mt2]

Satoshi Nakamoto chose to remain anonymous for over a decade, he did not move BTC from his Genesis account anywhere to sell on CEX or via OTC even though BTC price increased millions of times. It was a wise choice or Satoshi Nakamoto could not have done it due to the loss of his private key(?). I don't think Satoshi Nakamoto will do something out of the ordinary and risk invalidating BTC's mission. At least he didn't suddenly appear with crypto community to share the joy when BTC Spot ETF was approved today 

Satoshi Nakamoto has many Bitcoin addresses and has many Bitcoin from mining in early days before and after a first peer to peer transaction from Satoshi Nakamoto to Hal Finney.

No need from Satoshi Nakamoto to move bitcoin from the Genesis address while he has many other addresses. Because the Genesis address is a most famous one and most noticeable address as well.

Hiding identity through a decade and now will leak it by the Genesis address and transactions in and out of that address. It's impossible activity to do by Satoshi Nakamoto.

Can sell bitcoins at non KYC exchanges too https://kycnot.me/?type=exchange but as said, I believe there will be no Out transaction from the Genesis address.

[MrSpasybo]

Satoshi Nakamoto has many Bitcoin addresses and has many Bitcoin from mining in early days before and after a first peer to peer transaction from Satoshi Nakamoto to Hal Finney.

No need from Satoshi Nakamoto to move bitcoin from the Genesis address while he has many other addresses. Because the Genesis address is a most famous one and most noticeable address as well.

Hiding identity through a decade and now will leak it by the Genesis address and transactions in and out of that address. It's impossible activity to do by Satoshi Nakamoto.

Can sell bitcoins at non KYC exchanges too https://kycnot.me/?type=exchange but as said, I believe there will be no Out transaction from the Genesis address.

Yeah, this is also a possibility for Satoshi to trade BTC without leaving a trace. If this happens, it is normal because Satoshi also deserves a reward for his great contribution. We just need Satoshi's anonymity, which is really important for the future of Bitcoin network.

Until now, despite many onchain detectives, we still do not have any evidence that Satoshi is moving his Bitcoins or has other activities on the network. It is probably true that he left Bitcoin to pursue other equally important goals.

Just for fun: My conspiracy theory: Satoshi is Gary Gensler, who approved BTC Spot ETF 🤣🤣🤣