MCS | Did the Bitcoin Founder Satoshi Nakamoto Really Transfer 50 BTC?

MCS | Did the Bitcoin Founder Satoshi Nakamoto Really Transfer 50 BTC?


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On May 20, 50 BTCs were transferred for the first time from the point the wallet was created 11 years ago. This wallet was created not too long after Bitcoin came about. The wallet address is "17XiVVooLcdCUCMf9s4t4jTExacxwFS5uh".

50 BTCs mined on Feb 9, 2009

As shown in the image above, everyone can easily check 50 BTCs mined from Coinbase on February 9, 2009 from the blockchain network.

The first transaction of the 50 BTCs

And on May 20, 2020, 11 years after the mining of the 50 BTCs, people found that the BTCs were moved for the first time. The Bitcoin wallet address "1BzN95J72BLBafwgZiZZvM9s7Wj2bxzA6m" which received 40 BTCs still kept them as of May 21, 2020; however, the Bitcoin wallet address "3A6AsxxxzgHnGKhiFyW4tYX1Hn2sjNfrQP" where 10 BTCs were transferred to distributed them to several other Bitcoin wallet addresses making them hard to trace.

In the blockchain industry, there were only a handful of people who mined Bitcoin in the early days, so there is speculation going around that Satoshi Nakamoto, the founder of Bitcoin, or his entourages triggered the transaction. According to CoinTelegraph, a media specializes in blockchain and cryptocurrency, many of the early Bitcoin developers confirmed that the transaction of 50 BTCs on the 20th was not their works. Other media sources stated that Fran Finney, the spouse of one of the early developers of Bitcoin Hal Finney (who had passed away in 2014), denied that the 50 BTCs did not belong to her or her deceased husband. Martti Malmi, another early developer, and Metal Pay, one of the early miners, both confirmed that they had nothing to do with the transaction by verifying that they first encountered Bitcoin in April and November 2009, respectively.

It was January 3, 2009 when the genesis block, the very first block, in the Bitcoin blockchain network was created. The 50 BTCs were mined on February 9, 2009, and they were transferred after 11 years. Could the owners of the wallet be the 'real' founder of Bitcoin, Satoshi Nakamoto? What are your thoughts?



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