[2015-08-05] CD: No, Satoshi Nakamoto Hasn't Moved a Thing

[Grand_Voyageur]

No, Satoshi Nakamoto Hasn't Moved a Thing

Yesterday, social media lit up with the news that bitcoin creator Satoshi Nakamoto had emerged from the shadows to make a transaction.

The mysterious figure is estimated to own somewhere in the region of one million coins, all mined during the currency's early months. His fortune, now worth $281.6m, has not moved in six and a half years.

Yet speculation bubbled after a user spotted what appeared to be signs that some coins had moved, according to data from Blockchain.info. The site displayed coins in bitcoin's genesis block, or 'block one', moving to an address created this year.

Full story: http://www.coindesk.com/no-satoshi-nakamoto-hasnt-moved-a-thing/

[Kakmakr]

It seems as though this was only a security check and a spoof on block explorers, and not a double spend on Satoshi's address. It's becoming a concern that Blockchain.info has had so much security flaws. Just another reason not to store huge amounts with these services.

The Blockchain CEO Peter Smith characterized the event as a "publicity stunt", but it was a security bug and they admitted to it. Yes it was not confirmed, but what other security flaws are there, which will compromise our coins? It just shows you how much attention those coins are getting.