It was not a mistake. Has been done again yesterday. You will see it in BTC soon, then we talk.

This is what I meant to increase miners rewards and reintroduce/recycle old coins: https://www.coindesk.com/whale-sent-130-ether-transaction-fee

First coins were generated by installing the program in a windows XP computer and instructing your node to do so.  It took no effort at all to do that, it was running in the background like we ere running adds in a browser to generate some cash, same thing.

Transforming old Coinbase transactions into fees make those BitCoins usable again.  I am not saying this is what will happen to all those early coins, only those SN mined, for it was his initial idea to distribute them around so they become a currency that actually trades and store value in a deflationary system.  When block rewards halve every four years it will probably drive some miners out of the market but it eventually reduces the difficulty so less powerful ASICs can be reused again and the network expands more and more in a truly decentralized network that verifies blocks over and over. Having huge fees bigger than the block reward would be awesome.

But it is true that anything can happen, BTC can be a way to store value or it can be a rabbit hole to get rid of surplus of cash in the world. Who knows.

This is Satoshi’s idea to reintroduce the first blocks into the system by generating huge fees and thus interesting block rewards by bringing back to the system those old coins. I am not sure when will start to happen, probably in the next halving.

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One more time
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1. I am puzzled that to this very day, so many years after the introduction of BTC people still do not get it, Satoshi, if alive, is not interested in cashing out from a Blockchain based system. Fiat money is going to have no value at all one day and all transactions will be in what we now call cryptocurrencies. May be Bitcoin, or another one, that is something we yet do not know...

2. To spend the balance in the transaction we are talking about included in block 3654, we need to remember that it was a coinbase transaction as a block reward to the computer, laptop, that mined it that day. The TX contains the pkScript with the raw Public Keys corresponding to the address that the miner specified or randomly generated (most probably). Someone has just discovered a way to validate the transaction without having access to the private keys for this specific transaction. It has happened before and whoever did it deserves the prize. I believe it has something to do with the ac at the beginning of the uncompressed public key in the pkScript, you could somehow cheat the verification into believing it s OP_CHECKSIG and somehow circumvent an error... not sure how exactly yet but I will publish my results.

Obviously she rushed to cash out because it will be a matter of time till someone else will discover how it happened and will publish it. In my opinion the reward, as I said, is deserved and it will increase the Blockchain understanding overall in the long run.

It may just be someone who has discovered a loophole or small flaw in the way Coinbase transactions were created in the first months of mining. I will take a look into that, I truly do not think that addresses were created separately, and then manually introduced in the mining program, so probably some bad random generator thingy that can lead us to the most probable area in the elliptic curve to look for the private key. I guess someone has just figured it out and will cash slowly and secretly. I think it is well deserved, like finding an old galeon sunk in the middle of the ocean and extracting those gold coins and selling them in the market for profit.

"...they are trying to change the world." --> Finally some people understand it and no, many of those are not lost for ever, believe me. They are preserved for the future Bitcoin economy where trading in and out in fiat will make no sense at all. Satoshi wanted them well distributed and that day will come when most of those coins will be payments for citizens so they can continue trading value without getting out of the system, by then we will trade in "satoshis" mostly.

Still 2020 and people do not get the idea behind Bitcoin and the Block Chain. But I kind of understand why most are so confused out there.

When, taking fiat currencies as an example, there was inflation making money worthless after few hours, people rushed to get rid of those bank notes in exchange of food because hours later that same currency was worthless. In the case of BTC, it is hard to let go of some of them because of the contrary, we know it is increasing in value due to its deflationary conception and the fact that the price still does not reflect the real value.

I would say that the real value must be like 1 satoshi = 1 dollar, not because Bitcoin is more valuable but because fiat currencies will be almost worthless someday. Like the analogy of the spoon in the first Matrix movie.

And the only way we can see more transactions today is by asking fixed amounts in Bitcoins for a service or product, even if the counterpart in fiat currencies is much less. Of course many will not agree to this, but it is actually the only way you can increase your stash of Bitcoins in relationship to the total amount that will ever be in circulation. The idea is that all transactions remain in Bitcoins, you do not need to think about trading them away, you need to contribute to the Bitcoin Economy so all transactions remain there, the longer we remain exchanging BTC in and out the real power of them will not be fully revealed.

Already installed from scratch and running smooth. Took 7 hours to synchronize to the tip of the chain. Not bad at all. I was surprised by some changes in the way bitcoin-cli works now, I guess I will need to recycle myself once again.

As a side note, I am still surprised how the general public perceives Bit Coin, most out there are so confused right now. Instead of entering the Bitcoin environment to stay, they think of profiting in fiat money that, by now, should be already known to be obsolete. I guess we need strategic companies accepting payments in BTC, like Electricity paid in the same currency taking in consideration not the value by trade but the value considering the maximum amount of coins that will circulate.

I am kind of surprised how long it is taking to the whole society to see the point... I guess it is like the internet at the beginning or even the cell phones, people will just get it when it is already a reality and something normal in their daily lives.

That is, indeed a terrible idea. Even if someone cracks them that someone deserves them, it is like mining or finding a treasure in the deep sea. The effort and money needed to crack those addresses is far more than the money and effort to mine today so those pursuing that goal (cracking lost old addresses) should be rewarded with those Coins.

That was Satoshi's idea from the very beginning, to leave some rewards for those who will develop the computing needed to crack the algorithm by brute force using QC or huge amounts of energy.

Bitcoin only flaw would be someone discovering some pattern in the way Public key and Private Key are related and that is protected by Trillions of years of computing so the value of Bitcoin is as strong as the Universe itself. Never the human kind had something to store and trade value that can not be counterfeited, produced in excess, altered in anyway and so on.

The more people who will eventually understand that and there you have the intrinsic value of Bitcoin and other Cryptos but it is normal for people to be scare, specially when they know nothing about math...

Everywhere the same mistake. You do not buy Bitcoin, it is not an investment it is a way to exchange value between people or groups. Masses are still not aware what the Blockchain is bringing to the table: a complete new system to trade, a new paradigm.

Of course there are people buying and selling, or entering and getting out but eventually, many transactions will choose Bitcoin/Blockchain... and that will be the disruption we are all waiting for.

When Shops, Places, individuals, and so on will accept and trade value through Bitcoin then there is no doubt what was the real purpose of digital currency. Transactions validated and secured by law of math and great numbers and the collective power of computation in a decentralized network.

Things will need to attach a value in Bitcoins (I would say Satoshis or Bits...) like a coffee 10.000 Satoshis or something like that. Distribution of Bitocoins will eventually be through miners that will finally pay a percentage of power costs in the same currency they are minting.

People are confused right now, they are trading Bitcoins like shares and while they may cash in eventually, in the short term they will need to get rid of their fiat currency... it is hard to say how far are we, but those who are here from the beginning (Admin does not let me use my old account due to security reasons) know what is at stake.

Let´s keep hoarding Bitcoins.