Although it's definitely an old user, I don't get why it necessary needs to be Satoshi or any other major early participant?

No doubt there were hundreds of people involved in Bitcoin before the first 10,000 blocks were mined. It isn't unreasonable to assume that some of these finally rediscovered their old stash and looked to cash out.

After all, that is $500k worth of Bitcoin. Few people have the personal net worth necessary to continue waiting and watching after discovering such a sum.

In any case, I'm sure the blockchain analytics platforms and even some unpaid detectives here on Bitcointalk will be all over it, looking for any link they can to potentially put a name to the transaction.

Probably one of the early miners and just found the USB he stored some BTC in, maybe didn't take it serious in the beginning and could have mined more.

 Some are claiming the it was passed down from someone buy I don't believe believe because it's hard to pass down such to a next of kin. It's even small to manipulate the market.

This is not him because at that time there were already some people who mined bitcoin but not as much as it is like we have today. those BTC might be from the one who has mined it in the earlier that year. Satoshi won't give us some clue like that, that was too easy you know but that transaction is worth knowing whoever owns it just to remove doubt to the crypto community. I'm sure right not there lots or rumors about this blast from the past transactions and some people might silently tracking behind who owns that BTC.

Can not be made evidence only based on wallet was dormant since 2009, it does not prove anything. I even doubt it belongs to satoshi,
according to my guess this is someone else. We have to do a deeper investigation regarding this matter, especially when in 2009 there
were several people who does mining, not only satoshi nakamoto.

When we are in Satoshi's shoes, I can't think of ways we can withdraw our bitcoins or somehow move it without being tracked, there's a possibility that it could be satoshi, or just an early miner. But if we are on the 10 year time frame holding that much bitcoins, it takes too much courage and discipline to continue holding it up to 10 years, so I guess, the person behind this activity does really have a good understanding and speculation of the market to hodl that long.

I expected Craig Wright to take credit for the transaction. As a matter of fact, the inputs came from an address he claims to own. However, he is denying any involvement:

Sorry for the off-topic, but could you please elaborate a bit more about this? Why does Satoshi's blocks look different than others? Where did you get this chart from? I'm really curious about this.

The theory is based on research published by Sergio Demián Lerner. Here is some background:




The evidence is fairly convincing, but I wouldn't consider the theory bulletproof.

Wow! I really didn't know about this until now. That's pretty fascinating... Thank you for the explanation.


It's funny that everything around Satoshi is so secret. I'm really amazed that in ten years no one managed to identify who Satoshi really is.

That it went to Coinbase really worries me. One should think that a person who started so early knew better....