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CryptoQuant’s founder Ki Young Ju confirmed Satoshi had not sold a single BTC.
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Satoshi mined 1,000,000 BTC using a special pattern.
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Young Ju called on the crypto sector to respect Satoshi’s right to privacy.
Ki Young Ju, founder and CEO at Blockchain analysis platform CryptoQuant said in a series on X that Satoshi Nakamoto’s wallets, used to mine the original supply of Bitcoin (BTC), have not sold any of its coins.
Young Ju confirmed to X that Satoshi never sold any Bitcoins that he mined. Patoshi wallets – the digital wallets that Satoshi used to mine the first Bitcoins using a unique pattern – currently hold 1,000,000 BTC. The patterns show that no Bitcoin has been spent.
Satoshi Nakamoto’s mysterious creation, Bitcoin, left a unique fingerprint during the early days of Bitcoin Mining: the “extranonce” pattern. This distinctive pattern in the mined blocks allows for researchers to trace the initial Bitcoins to specific wallets.
He also said that discovering Satoshi’s identity would have a negative impact on the crypto market. If Satoshi was alive, there would be tension over wealth concentration which could cause the cryptocurrency market to crash. If he is dead, people will wonder who inherited Satoshi’s 9% share of Bitcoin, which could cause the crypto market to crash.
Read also: Satoshi nakamoto was concerned about Bitcoin as an investment
Young Ju urged Bitcoin supporters to refrain from attempting to discover the true identity of Satoshi Nakamoto and to respect Bitcoin’s principles of privacy.
The HBO Documentary
A HBO documentary titled “Money Electric : The Bitcoin Mystery” claims that Bitcoin core developer Peter Todd was Satoshi Nakamoto. Cullen Hoback says that he has assembled the pieces of the puzzle to reveal the truth.
Todd ends the documentary by saying, “Well, yeah, I’m Satoshi.” This does not mean that Todd is the actual creator of Bitcoin. Bitcoin enthusiasts often say “I am Satoshi”, to support Nakamoto’s privacy.
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