• CoinStic
  • Posts
  • Did Bitcoin Creator Satoshi Nakamoto Just Move 50 BTC? Litecoin’s Charlie Lee Ponders Mysterious Transfer

Did Bitcoin Creator Satoshi Nakamoto Just Move 50 BTC? Litecoin’s Charlie Lee Ponders Mysterious Transfer

November 13, 2019

Litecoin creator Charlie Lee is wondering if the legendary, anonymous creator of Bitcoin known as Satoshi Nakamoto just moved 50 Bitcoin.

The BTC was donated to the team developing Grin, a new cryptocurrency that is focused on confidential transactions, hiding transaction values and making it hard for third parties to track activity.

It uses a private transaction technology called MimbleWimble which is also being tested on Litecoin.

Developer David Burkett announced the receipt of the BTC.

Lee quickly traced the origin of the coins, saying they were mined back in 2010 and had been dormant for nine years.

Several crypto influencers, including Charlie Lee and Binance CEO Changpeng Zhao, have said that the real Satoshi can prove their identity by signing a message with the address from the very first Bitcoin block. Until then, any claims about “the real Satoshi” are likely bogus.

Satoshi Nakamoto brought to the world an open-source, decentralized, trustless, censorship-resistant currency based on math and cryptography.

If Satoshi wanted to reveal himself, he would sign a message with the genesis key. Anything short of that is most likely fraudulent.

— Charlie Lee ???? (@SatoshiLite) August 17, 2019

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.