The mystery surrounding Bitcoin creator Satoshi Nakamoto deepens today as a new theory emerges, linking the elusive figure to a massive Bitcoin whale from 2010. Could this finally be the break in the case that crypto enthusiasts have been waiting for?
A new theory circulating on X (formerly Twitter) suggested that the mysterious Bitcoin creator, Nakamoto, might not be who—or when—we think. Blockchain researcher Vladimir S (@officer_cia on X) proposed that the elusive Satoshi could, in fact, be the entity behind the so-called “2010 mega whale,” referring to the individual or group controlling a massive trove of Bitcoin mined in that year.
2009 vs. 2010: A Clue to Bitcoin Creator’s Identity?
Vladimir S’s theory hinges on a key observation: while the Bitcoin mined by Satoshi in 2009 remains untouched, coins mined in 2010 have periodically moved on the blockchain. “It offers a plausible explanation for why Satoshi’s 2009 wallets remain dormant while 2010 wallets are being used,” Vladimir S posted.
The theory posited that Satoshi intentionally kept the 2009 coins untouched as a sort of “signature,” while utilizing the 2010 coins for various purposes, perhaps testing the system or funding early Bitcoin development. Adding intrigue to the theory is the observation that these “awakened” 2010 coins have reportedly been deposited on Coinbase, a major cryptocurrency exchange.
This raised the possibility that Coinbase might have information about the mega whale’s identity. “Coinbase, where these awakened coins are deposited, likely knows more about the entity behind these transactions,” Vladimir S speculated, “unless the whale is operating through intermediaries.” This adds another layer to the mystery and begs the question: is Coinbase aware of the mega whale’s potential connection to Satoshi?
Bitcoin Creator: A Masterful HODLer, or Just a Savvy Investor?
Whether or not this mega whale truly is Nakamoto, their behavior offered a compelling example of long-term HODLing (holding onto cryptocurrency for extended periods). The movement of these 2010 coins after years of dormancy highlights the potential for significant quantities of Bitcoin to re-enter the market at any time, impacting price and sparking renewed speculation.
“Whether or not this mega whale is Satoshi,” Vladimir S concluded, “it’s a fascinating example of HODLing and serves as a reminder that millions of Bitcoins may still be waiting for the right moment to re-enter the market.”
While Vladimir S emphasized that his post is “a theory, not a conclusion,” it provided a fresh perspective on the enduring mystery surrounding Satoshi Nakamoto. The theory has ignited discussion within the crypto community, raising more questions than answers.
Is the 2010 megawhale truly Satoshi, cleverly concealing their identity while testing the system they created? Or is this just a coincidence, a case of a savvy early investor finally deciding to cash in?
The blockchain, as always, holds its secrets close, but this new theory provided fresh fodder for speculation and reminds us that the hunt for Satoshi is far from over.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.