Transfer 50 bitcoins from an 11 year old wallet!

Transfer 50 bitcoins from an 11 year old wallet!

By ... | World of Crypto | 23 May 2020

On Wednesday, an unidentified man transferred 50 bitcoins worth approximately $ 486,000 from an address containing coins extracted in the first month of the main Bitcoin network launch in 2009. The move has caused a stir in the digital currency world. So much so that the price of Bitcoin fell by 5%. But if Satoshi Nakamoto did not transfer these coins, who transferred 50 bitcoins?

Hal Finney's wife, Fran Finney, has confirmed that the recent 2009 wallet transaction did not belong to his wife's Quinn.

The recent transfer of Bitcoin from an 11-year-old wallet does not belong to the well-known computer scientist Hal Finney.

"It's very strange," Fran Fini said of a recent transaction from a Bitcoin wallet that has been inactive for more than a decade. These quinces are not extracted by my wife and we have nothing to do with it.

Hal Finney died in 2014 from amyotrophic lateral sclerosis, or ALS. Hal Finney's wife, Fran, is working with the ALS Foundation to find a cure for the disease.

Who is Hal Finney?

In the early days of the Bitcoin project, Hall Finney helped develop this digital currency. Finney co-authored Bitcoin coding during its inception and was one of the network's first miners.

Before working on Bitcoin, Finney has been involved in a number of innovative measures, including the PGP encryption framework. Bitcoin founder Satoshi Nakamoto also sent the first bitcoin transaction to Finney shortly after the network's launch in 2019.

Many people in the digital currency world think that Finnie is Nakamoto himself. However, Finney herself has repeatedly denied the allegations.

Has Martti Malmi transferred recent bitcoins?

Martti Malmi, one of the first Bitcoin developers, has also rejected the transfer of Bitcoin. "I met Bitcoin in April 2009," Malmi tweeted on May 20. The wallet was created two months before Malm .'s presence in the Bitcoin arena.

Is the transfer of bitcoins the work of Marshall Hayner?

Marshall Hayner, CEO of Metal Pay, another of Bitcoin's first miners, acknowledged that the recent transfer of Bitcoin was not his job. He said he entered the Bitcoin arena in November 2009. However, he noted that if it had been his job, he would not have announced it.

He added:

The real miner will never confirm this. This address has a lot of coins and the holder does not want to be targeted. I confirm that I was extracting in 2009 but I will never disclose my Bitcoin assets.

Calvin Ayre, who claims to be Satoshi Nakamoto, has denied transferring 50 bitcoins from inactive addresses. Some people consider this address to belong to the founder of Bitcoin.

But Calvin Air responded to Adam Beck's tweet from Block Stream, saying it had nothing to do with Craig Wright. He said:

It wasn't Satoshi. I spoke to Craig Wright and he confirmed that this was not his job.

Is the testimony a lie?

However, the address, which transfers 50 bitcoins, is one of the 16,000 addresses recorded in court documents in the Kleiman and Wright case, and Wright claims that the addresses belong to him.

The dilemma is that Wright claimed in court that he did not have access to the private keys of these addresses, so it would be a problem if he said that he had transferred 50 bitcoins himself. However, if someone else transferred these coins, it means that the address does not belong to Wright. This again puts Craig Wright in a complicated legal position.

If Eyre's statement is true and Wright says he did not transfer 50 bitcoins, Craig Wright will face serious problems in the upcoming trials. The judge in the case had previously questioned Wright's statement several times.

5% decrease in Bitcoin price

Prior to Air's reaction, the transfer of 50 bitcoins from the wallet had prompted many in the digital currency community to ask if Satoshi Nakamoto had returned.

The address does not belong to the creator of Bitcoin, but the 11-year gap between its activities led to a 5% decrease in the price of Bitcoin.

In 2018, Craig Wright warned that he would sell a large portion of his bitcoins during Hawking's time, leading to a sharp drop in the price of the digital currency.

However, other people in the digital currency community believe that these coins do not belong to Nakamoto or Wright. Block Stream founder Adam Beck said that if Satoshi Nakamoto had really wanted to cash in some of his assets, he would have chosen a more unknown address.

World of Crypto
World of Crypto

News about Crypto

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.