Blockchain Analysis Says Extremely Unlikely That Satoshi Moved His Bitcoin on May 20

Michael LaVere

An analysis of Bitcoin’s blockchain suggests that it is highly unlikely that the early miner who moved 40 BTC on Wednesday was Bitcoin’s mysterious creator Satoshi Nakamoto. 

According to an update by Twitter bot "Whale Alert", 40 BTC was transferred on May 20 from a wallet that has been dormant since 2009, leading to speculation that the funds belonged to Satoshi Nakamoto.

The transacted coins were originally mined on February 9, 2009, shortly after the creation of Bitcoin’s genesis block the month before. 

However, analysis of bitcoin’s blockchain has revealed the transacted coins moat likely did not belong to Satoshi.

Castle Island Ventures partner and Coin Metrics Co-Founder Nic Carter took to Twitter to explain his analysis:

And here is Carter explaining what he means by Patoshi Blocks:

He also pointed out:

 

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