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by uncletammy 1614 days ago
It's not his own money he's spending on these lawsuits. He is being bankrolled by a criminal billionaire gambling mogul.

It's an investment being made in order to get access to all of Satoshi's coins on all the bitcoin chains. Those coins are valued very conservatively at no less than 32 billion usd.

1 comments

The moment someone touches them their value will tank. Part of the bitcoin speculation is that massive wallets like this one are frozen and out of the market. When people "invest" by buying hundredths of bitcoin, someone reintroducing 1.1 million will make them wary.

These wallets might as well be considered trip wired, some people monitor them constantly.

Really old never before moved coins move from time to time, including ones from Wright's list of 1.1 million coins. It sometimes generates a little noise on twitter or a throwaway news article, sometimes it goes without being noticed in the public. Nothing much happens either way.