For the past twelve years, the cryptocurrency community has always been fascinated by Bitcoin inventor Satoshi Nakamoto. For over a decade, armchairs and journalists have been trying to uncover the creator’s identity and information about the whereabouts of all of the bitcoins that the mystery mined when the network was still in its infancy. Now some people believe that Satoshi’s coins could be the biggest price competition ever and the private keys are somehow hidden in the blockchain.
Maybe Satoshi Nakamoto left a message?
Recently, some members of the bitcointalk.org forum discussed a new theory about the infamous Satoshi Nakamoto. The hunt for Nakamoto has been quite a quest for years, and so far no one has been able to reveal the creator’s identity or find the inventor’s BTC stash.
Satoshi Nakamoto, the anonymous inventor of Bitcoin, is the biggest mystery. For the past decade, online experts and journalists have tried to uncover the inventor’s identity and find the creator’s bitcoins.
Nakamoto is known to have mined Bitcoin, and it is estimated that the cryptocurrency maker acquired approximately 750,000 BTC to 1.1 million BTC. News.Bitcoin.com has written about Satoshi’s stash countless times, including on April 17th, 2019. This particular article reported that RSK Labs chief scientist Sergio Demián Lerner had published a new report on the alleged holdings of Satoshi .
The RSK’s chief scientist has uncovered a lot regarding the thousands of blocks that Satoshi may have mined. Lerner also published a blog post in 2013, titled “A New Secret About Satoshi Hidden in the Bitcoin Blockchain,” which discusses an interesting nonce field in the blocks he calls the “Patoshi” pattern .
“This picture shows the least significant byte of the nonce, interpreted in a small Endian machine, from the Genesis block to the block 36288 (year 2010),” wrote RSK Labs chief scientist Sergio Demián Lerner, 2013. “This is none of both an even distribution (which one would expect from a completely random byte) or the decreasing exponential distribution that one would expect for the most significant byte on a big-endian machine, ”Lerner added.
Basically, a “nonce” or “number that is used only once” in Bitcoin terminology is a 32-bit field (4 bytes) or a non-repeating value contained in a mined block. When miners mine blocks of Bitcoin, the goal is to find a hash that is less than or equal to the current destination of the network. Learner’s mystery is about the least significant byte (LSB) distribution of the nonce.
What Lerner found out was that the LSB was not evenly distributed in Satoshi’s alleged blocks, and the researcher’s blockchain analysis came to some conclusions.
“This last graph clearly shows that almost all the machines that were dismantled from 2009 to 2010 were Little Endian,” wrote Sergio Demián Lerner in his post “A New Secret About Satoshi Hidden in the Bitcoin Blockchain.”
At first he thought it might be his blockchain parser that was not working properly. Or it could mean that Satoshi was mining bitcoins using something “very different from a PC,” Lerner said. “But if this is true, it has far-reaching consequences: Satoshi foresaw the advantage of FPGA / ASIC much earlier than anyone else,” added the researcher.
Then Lerner thought of a third reason, and that could mean that Satoshi discovered a bug in SHA-2. However, the chief scientist of the RSK said that “this is highly unlikely”. But at last Lerner thought that Satoshi might have left a fingerprint in the nonces.
“A message that we can see in the distant future,” Lerner wrote at the time. “The number of nonces that fall into each byte value or histogram,” he added.
There is a theory that is making the rounds that Satoshi Nakamoto’s 1.1 million BTC stash is a price waiting to be found with clues hidden on the Bitcoin blockchain.
Armchair detectives hope to solve the “biggest price competition”
This puzzle led the group of theorists at bitcointalk.org to believe that Satoshi’s early mined coins are indeed an extremely valuable treasure hunt. A forum account called “Old Gold Digger” believes that the existence of so many differentiators suggests that anyone who mined these bitcoin blocks “wanted their blocks to be identified”.
There have been others who have alluded to this theory in the forum in the past. “Satoshi left a message with a fingerprint in the nonces,” wrote the old gold digger. “A message that we can see in the distant future.”
The person added:
Perhaps Satoshi started the biggest price competition and the private keys are somehow on the blockchain.
There are many others interested in the old gold digger theory, and a number of people have replied to the forum thread.
“This reminds me of the ‘Ready Player One’ plot introduced in the first book, where Haliday is now the equivalent of Satoshi,” one person responded to the post. “If there is indeed an encrypted treasure hidden it would be exciting,” he added. In the meantime, others left a few links to possible clues about the possibility that a message in the nonces was fingerprinted.
“Would like to know the answer,” said the old gold digger on the thread. “Do you find it a bit strange that he used a proprietary Base58 for address coding and happened to see the peak between the values 0-57?” he asked others. “I know that it’s probably just a coincidence, but it would be amazing if there was a secret message in the LSB to explain this,” the old gold digger said.
In addition, an account called “Threadsupport” published an open letter to Satoshi back in June 2019, in which the inventor was directly asked if there was “a Bitcoin price competition”.
“We think you created a bitcoin price contest and that the private keys are somehow residing on the blockchain,” Threadsupport wrote at the time. “We’re trying to solve it and will move the rewarding coins. If you have anything to add to this statement, please do not hesitate, ”added the forum user. If Nakamoto had actually mined 1 million BTC, all of the coins could be in 20,000 different addresses with 50 coins each.
“Lost coins only add value to everyone else’s coins – consider it a donation to everyone”
There have always been discussions that Satoshi Nakamoto might one day be the richest person in the world. However, this assumes that the inventor keeps them all to himself and that the creator is always in possession of these coins. As the chair dogs discussed on bitcointalk.org, it’s possible they were left to us to find them.
This is “what you get when you draw the histograms of a moving window of 3,000 blocks for the first 60,000 blocks,” explains author Techmix on June 1, 2020. “We find that there are five different ranges of LSB values there that are based on their behavior in the histogram. [0–9] has peaked from the first block to around 54,000. It’s about a dip at Block 21,000 and it peaks at 24,000. [20–28] is like the previous range except that instead of the dip between block 21,000 and 24,000 it has a higher peak. [29–38] is like the previous range but decreases after block 26,000. [39–48] peaked by block 22,000. [49–58] The peaks also alluded to an article titled “The Mysterious 19”, which uses Learner’s “Patoshi Pattern”, but also Learner’s “second discovery of the Least Significant” byte (LSB) nonce the block header caught his attention. “
The research author adds:
Maybe this strange behavior of the LSB value of 19 tells me to look at it differently.
Finally, the online detectives also discussed Satoshi’s famous quote about lost coins: “Lost coins only make everyone else’s coins worth a little more. Think of it as a donation to everyone. “Perhaps Satoshi was not talking about coins that were lost over time, but about the creator’s hiding place, which was hidden in the blockchain via text or a variety of messages.
“Whoever can solve it is the chosen person that Satoshi expects to succeed,” one person wrote when speaking to bitcointalk.org. “It’s like a place where we can determine the legacy of Satoshi for ourselves in the future. Is that a competition? A pirate treasure? “he asked.
What do you think of the possibility that Satoshi Nakamoto’s bitcoins could be a prize or a treasure hunt? Let us know what you think on this matter in the comments section below.
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Bitcoin, Bitcoin (BTC), Bitcointalk.org Theory, Identity, Nakamoto, Old Gold Digger, RSK Chief Scientist, Satoshi, Satoshi Nakamoto, Satoshi’s Identity, Satoshis Bitcoins, Satoshis Coins, Sergio Demian Lerner, Theories, Theory, Treasure Hunt
Photo credits: Shutterstock, Pixabay, Wiki Commons, Techmix, bitslog.com, Sergio Demián Lerner, Bitcointalk.org,
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