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Bitcoin [BTC]: Craig Wright speculated to be paying $5,000 for old BTC mining wallets




Bitcoin [BTC]: Craig Wright speculated to be paying $5,000 for old BTC mining wallets
Source: Unsplash

A user named Wallet Buyer posted a thread on Bitcoin Forum to purchase old Bitcoin wallets used between 2008 to 2010. This thread created a lot of hype after some people in the community suggested that this was Craig Wright posting anonymously.

The intention behind the user’s need for the wallet was unclear. However, there were specific instructions regarding the wallet, which was unusual. The user specified that he/she would pay $5,000 for the wallet. The specifications stated,

“1) Mined coins between 2008 and 2010 inclusive.
2) Mined at least 300 BTC.
3) Formats accepted are wallet.dat (core) or raw private keys.
4) Your wallet and/or private key addresses must have 0 BTC in them now. You can never use them again.
5) Buying up to 3 wallets that meet the criteria above.”

Further, the user also posted the specifics as to how the transfer would happen. He said that half of the BTC would be sent after signing a message as “proof [s]” and the other half of the BTC would be sent “on receipt and verification of the wallet or private key(s).” Alternatively, the user suggested the use of escrow to facilitate the transfer of wallet and the funds.

Craig Wright, the self-proclaimed Satoshi Nakamoto, is known to alter facts to try to prove that he was, in fact, the creator of Bitcoin. WikiLeaks pointed out how Wright altered information in old documents to his advantage. Moreover, Craig Wright faced the heat of Twitter users after he announced that he would file lawsuits against anyone that “harassed” him or copied his tweets. This led to Craig Wright’s account getting suspended from Twitter.

A Twitter user @shitcoinsherpa tweeted,

“Craig S Wright’s trying to pay someone $5k for early wallets/priv keys. 😂

While some users were sure that it was Craig Wright, other users suggested that it could just be a person trying to evade taxes.

Twitter user @marsmensch commented,

“I don’t think it’s Craig. Probably someone that needs to make a proof for tax authorities. Good luck”

@shitcoinsherpa also contributed to another possibility as he tweeted,

“^Bingo. Literally, the only other plausible reason I can imagine is two rich guys having a high stakes bet over one’s bullshit lie that they mined Bitcoin prior to 2011. So, either that or Craig. Occam’s Razor, and what-not.”

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


Bitcoin’s [BTC] biggest threat is its users, not governments, says’s Cobra

Febin Jose



Bitcoin’s [BTC] biggest threat is its users, not governments, says’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.’s Cobra, who is also the co-owner of, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,

“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”

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