- CryptoQuant founder Ki Young Ju confirmed that Satoshi hasn’t sold a single BTC.
- Satoshi used a special mining pattern and mined 1 million BTC in Patoshi wallets.
- Young Ju asked the crypto sector to respect Satoshi’s right to privacy.
Ki Young Ju, the founder and CEO of blockchain analysis platform CryptoQuant, said in a series of posts on X that the wallets used by Satoshi Nakamoto, the creator of Bitcoin (BTC), to mine the initial supply of the cryptocurrency haven’t sold any of the coins it held.
Young Ju confirmed on X that Satoshi has never sold any of the Bitcoin that he mined. Patoshi wallets, which are the digital wallets associated with the early Bitcoin mined by Satoshi using a unique pattern, currently hold 1 million BTC. The patterns show that none of the Bitcoin has been spent.
Satoshi Nakamoto, Bitcoin’s enigmatic creator, left behind a unique fingerprint in the early days of Bitcoin mining: the “extranonce pattern.” This distinctive pattern within the mined blocks allows researchers to trace those initial Bitcoins back to specific wallets.
However, he also said that finding out Satoshi Nakamoto’s identity would be a bearish event. If Satoshi is alive, there would be tension about wealth concentration, which could cause the crypto market to crash. If he’s dead, everyone would be wondering who inherited Satoshi’s 9% of the Bitcoin supply, leading to a string of conspiracy theories that would distract from crypto’s true goal.
Read also : Satoshi Nakamoto Was Concerned Over Bitcoin as an Investment
Young Ju appealed to Bitcoin supporters to better desist from finding out the real identity of Satoshi Nakamoto and to respect the principles of privacy that Bitcoin upholds.
The HBO Documentary
An HBO documentary, “Money Electric: The Bitcoin Mystery”, says that Bitcoin core developer Peter Todd is Satoshi Nakamoto. The producer of the documentary, Cullen Hoback, says he has put the pieces of the blockchain puzzle together to reveal the true picture.
The documentary signs off with Todd saying, “Well yeah, I’m Satoshi Nakamoto.” But this doesn’t mean that he is actually the creator of Bitcoin. “I am Satoshi” is something Bitcoin enthusiasts say to express support for Nakamoto’s right to privacy.
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