Post
Topic
Board Bitcoin Discussion
Re: Why would someone send 4 BTC to Satoshi (Genesis block)
by
abel1337
on 17/01/2023, 17:03:53 UTC
Just wondering why someone would send 4BTC to the Genesis block which is over $75K.

Here is the transaction
https://www.blockchain.com/explorer/transactions/btc/6805b175260c47549995c3ff19c3c51596651c26269e9f1b31c243986433a0b7

I understand many want to send a small amount so they can get a piece of history on the block chain but sending over $75K which is pretty much a burn address since most likely it will never get spent is kind of crazy.

Why do you think they did this?
This is how crazy rich people spend their money on. I don't think it's an sending error given that it's the genesis block. It's how people make their own history on crypto and how they make themselves seen into articles and news. Maybe the sender wants everyone to talk about him. Like we are doing now, Speculating about why did someone send a hella amount of money to a genesis block which is basically unusable (unless satoshi use it in the future).  Also there's a chance that this is a very old whale who accumulated a ton of bitcoin in it's early stage.