Satoshi-Era Bitcoin Miner Moves $5 Million BTC Earned When the Price Was Just 10 Cents
A Bitcoin wallet containing 50 BTC, mined around 15 years ago, has become active, moving coins valued at approximately $5 million that were originally worth just 10 cents each. This transaction has sparked discussions in the crypto community, with some speculating it could be linked to Silk Road founder Ross Ulbricht. The transaction displayed three key Bitcoin protocol features: SegWit for scalability, Taproot for enhanced privacy, and RBF for fee adjustments. The use of a Pay-to-Public-Key output format suggests potential concerns regarding quantum vulnerability, prompting discussions on the movement of funds to safer keys. The activation of such dormant wallets is not uncommon, but this significant transaction stands out due to the advanced technical execution involved. While the future of these funds remains uncertain, converting such historically mined Bitcoin to fiat could be challenging without drawing attention. This development reflects the evolution of Bitcoin since its inception in 2009 and emphasizes the mystery surrounding early BTC transactions.
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