What if you had Mined 50BTC in 2009 and Escaped from Memory? Asks CZ

Author: Sohrab Khawas

Sohrab Khawas right arrow



    Changpeng Zhao, the founder, and CEO of Binance, the world’s largest cryptocurrency exchange known to be bullish about crypto all the time. Ask his twitter follower to Image if they had mined 50 BTC in 2009 and didn’t give a thought to it till now? 

    While addressing a Suspicious transaction… 

    Yet another interesting day with crypto with new witty happening. One of the crypto transaction tracking platforms reported suspicious transactions. 

    As per their report, approximately 40BTC was transferred from an account which could possibly be of Satoshi Nakamoto which was dormant since 2009. The coins in these transactions were mined in the first month of Bitcoin’s existence.

    The crypto space was on pins and needles which made Binance CEO CZ pacifying the community by terming it as a normal activity that occurred before too. And ended up telling that ‘We are all Satoshi’.

    Followed to this he Tweeted …..

    CZ asked crypto users just to imagine the possibility of coins mined by them during inception (2009) and just slipped out of mind!! 

    Well, having mined 50BTC in those days would surely have cost high. But if those coins would have moved in those days, the crypto owner would be a ‘Millionaire’.

    New Ventures of Binance

    Recently, a travel booking firm, announced its merger with Binance and offered attractive discounts on bookings and stay. They offer worldwide destinations with comparatively cheap prices.

    Outline Ventures, a ventures studio is hosting an event on crypto on 28 May 2020. CEO CZ is one of the guests. The other guests are Illia Polosukhin from NEARProtocol and Sergey Nazarov from Chainlink and Jamie Burke is the moderator.

    Wrapping it up!

    No matter whether the coins were mined in the first months of Bitcoin’s inception, no one can surely say it could be owned by Satoshi Nakamoto. Neither it can be analyzed that Satoshi has done this particular transaction. Yet these types of events occur every now and then but nothing can be interpreted.

    Any way believes bitcoin or any other cryptocurrencies will continue to work as they are still in limited supply and no one can arbitrarily print more of it. 

    Also Read: CZ Reveals Interest In Asia As Binance Launches Bitcoin Options

    Show More

    Was this writing helpful?

    No Yes

    Related Articles

    Back to top button