27 Apr '14, 2pm

Satoshi only spent 50 BTC. Here's where those coins are now #bitcoin

Satoshi only spent 50 BTC. Here's where those coins are now #bitcoin

Now, citing Sergio's research, satoshi mined a lot of BTC. In fact, almost (or exceeding) BTC 1,000,000. He has a distinct pattern of mining, and only one block that is confirmed to belong to satoshi has been spent. Below is a representation of the 50 BTC from that one block -- block 9 -- as they were just after being mined. I've traced -- by hand -- where every single one of these coins have gone. See the chart below: Green = Unspent, Gold = Spent Go packers Now we've all read that the first p2p transaction that occurred was satoshi sending Hal 10 BTC as a test. You can see this transaction above. It's the original 50 BTC splitting into 40 BTC and 10 BTC outputs. He later sent 10 BTC to someone else, and then he sent 1 BTC to someone, and then he sent a total of 11 BTC to the same pseudonym, which in my chain archaeology thread is referred to as Bbz. Bbz mined block 360, ...

Full article: https://bitcointalk.org/index.php?topic=548508.0

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