Did Satoshi Nakamoto Move His Bitcoin Yesterday? No, But Craig Wright Shot Himself in the Foot

By Lucas Cacioli   May 21, 2020 3 Min Read


On Wednesday a Twitter bot reported that a Bitcoin transaction came from a wallet that possibly belonged to Satoshi Nakamoto, the anonymous creator of the network and author of the Bitcoin whitepaper.

 

The recorded movement came from an address containing coins that were mined barely a month after the launch of the Bitcoin mainnet in 2009, at this time it is suggested that only three people could have known about BTC, one of them being Satoshi.

Beyond the age of the wallet, there is really no indication that this movement was Nakamoto.

Not long after the Whale Alert bot tweeted, the Bitcoin network experienced a 7% sell-off. In a tweet of his own, Bitcoin software engineer Jameson Lopp dismissed the BTC transaction pointing to the script behind the account.

 

The "Patoshi Pattern" is the name given to the analysis used to determine which blocks were most likely mined by Nakomoto. According to the hash rate analysis, it is still possible but unlikely that the transaction was performed by Nakomoto himself.

Craig Wright Shoots Himself in the Foot

The always controversial Craig Wright, the instigator of the BSV fork, has denied moving the 40 BTC from one of the original Satoshi wallets despite listing the wallet among the 16,000 wallets he allegedly owns and has provided in a court document.

The address, 17XiVVooLcdCUCMf9s4t4jTExacxwFS5uh was listed in a court document in the Kleiman vs Wright lawsuit.

Calvin Ayre, the BSV billionaire, tweeted that he had spoken with Craig Wright and he has denied moving the 40 BTC from the 11-year-old address.

 

Ayre’s revelation may prove tricky for Wright. Although Wright did provide the list of addresses he has insisted that he does not have access to the private keys. If he had moved the coins there would have been strong legal ramifications but consequently, by denying he moved BTC from a wallet he claims to own he has all but proven he is not Nakamoto and has provided false information to the courts.

Perhaps in the unlikely chance that Nakamoto did move the coins himself, it was his goal to expose this alleged con artist once and for all.  


About the author

Lucas Cacioli    Blockchain.News
Blockchain is the future.




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