$500k Of Satoshi-Era BTC Just Moved

It's the first time since 2017 that coins from 2009 have moved.

Happy Wednesday, Blockfolians

The Lede

Well, there’s something you don’t see every day. 50 bitcoins mined just a month after launch were just moved. As you might imagine, Bitcoin Twitter lit up.

Now, research suggests these weren’t a Satoshi wallet, but still - these are from more than a decade ago, before bitcoin even had a value.

This comes just a few months after a 2010 miner discovered a stash worth nearly $8m mined on their computer. Wild.

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Highly Relevant Reading


Community Commentary

Delphi Digital’s Tom Shaughnessy argues we’re in the end stages of the layer 1 battle
Jameson Lopp argues that what is most powerful about the STEEM situation isn’t strong arm tactics but the communities’ ability to exit

A (Contextually) Big Number We Should Be Paying Attention To 

6%

That’s the size of the most recent bitcoin difficulty adjustment, an automated calibration of how easy or difficult to mine bitcoin it is. A drop was expected in the wake of the halving (which makes certain miners unable to profit and so pushed out of the network). The difficulty adjustment down allows certain mining devices to return to profitability.

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Final Thought

A serious take down of the higher ed model. What do you think?