Craig Wright to move coins from an early (associated with the genesis?!) block?

[spartak_t]

I really hope he's lying, because I see nothing good in this...

Link to the article: http://www.bbc.com/news/technology-36193006

[NeuroticFish]

This is soooooo fishy..... Meaning, he can just move them in the safety of his home. We will all know it happened.
Does a person with so many Bitcoin really need the money BBC would give for this .. "show"?


On the other hand, yet another little storm around Bitcoin, which can only make it even more popular  

[instacalm]

Yes Craig, please don't hesitate to move the genesis coins into the address mentioned on my profile. Thanks!

[NeuroticFish]

It won't be the genesis block and I doubt it will be the address from block 9, if he moves anything it will be a low number block miner which he bought the keys for and paid a lot of money to do so.

So he just scams BBC and maybe other news stations to display the cheap show where he will prove nothing....

[Inedible]

Or we could all just hold our horses and wait for the transfer.

If there's no transfer or the transfer isn't from an account that we can be certain Satoshi is in control of, then we can just let all this drama pass.

Of course this doesn't prove he IS Satoshi but from where I'm sitting, it's the next best thing < insert speculation of bought/sold keys, hacked email accounts, compromised private keys >

[~Bitcoin~]

we will see him seriously only if he could move those coins from genesis block. If even he can move 1 satoshi from it that will be enough proof i think. But all those signed message magic trick has already been revealed.

[--Encrypted--]

I thought the first 50BTC are unspendable? just move coins from the address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa instead. coins from an early block wouldn't prove much because there's no guarantee that the address belongs to satoshi.

[chopstick]

After watching how toxic this community has become... I wouldn't want to prove I was satoshi either.

If you actually listen to the man he says he had no choice in the matter, it was basically decided for him because of hackers revealing his information, issues with the Australian tax office, etc.

People want to think that satoshi was some perfect human being in every way. Not true, we're all imperfect humans. I think Craig fits the bill in some ways, but he could still be proven a fraud. The ball is firmly in his court. The problem is even if he does provide amazing proof most people here still won't believe it. Like I said, toxic community.

[Wendigo]

Wait could Craig Wright have really bought private keys for the lower number blocks from miners? I think if he wants to be taken seriously he needs to move coins from the Genesis block. All I have seen from him so far are just cheap tricks which could only work on laymen like the BBC journalists.

[spartak_t]

After watching how toxic this community has become... I wouldn't want to prove I was satoshi either.

If you actually listen to the man he says he had no choice in the matter, it was basically decided for him because of hackers revealing his information, issues with the Australian tax office, etc.

People want to think that satoshi was some perfect human being in every way. Not true, we're all imperfect humans. I think Craig fits the bill in some ways, but he could still be proven a fraud. The ball is firmly in his court. The problem is even if he does provide amazing proof most people here still won't believe it. Like I said, toxic community.

The question imho is not if he is Satoshi, the question is what if he is indeed Satoshi. I believe that we all are going to have problems if Wright proves that he is the father of Bitcoin, just because he is imperfect human like us...

[Hazir]

I have one question  - I thought that bitcoin in genesis block are frozen permanently and cannot be moved from it, ever?
Can someone explain to me technicalities behind it, because I maybe mixed something up here.

[CIYAM]

I have one question  - I thought that bitcoin in genesis block are frozen permanently and cannot be moved from it, ever?
Can someone explain to me technicalities behind it, because I maybe mixed something up here.

Actually I am pretty sure that it is only the "coinbase" amount (the initial 50 BTC) that can't be spent (due to a glitch in the software).

Later amounts that were sent to it (and there have been quite a lot of those) actually can be spent (so if he really owns the private key to the genesis block then he should prove it by moving some of those amounts).

[ebliever]

I have one question  - I thought that bitcoin in genesis block are frozen permanently and cannot be moved from it, ever?
Can someone explain to me technicalities behind it, because I maybe mixed something up here.

He can sign using the Genesis block keys, but not move the coins. That's my understanding.

I know people say "anyone" could have mined early bitcoin blocks. But if they started out at the 10 minutes/block average, there would be ~144 blocks/day. Just how many people were involved in the very first days of bitcoin, and did Satoshi share the details to anyone so they could join in mining right at 0 hour? Could we look at hashrate/difficulty data on those initial blocks to judge if there was more than one computer mining? I mean, if there was no change in difficulty for the first "X" blocks, that to my mind would indicate Satoshi was mining alone at that point.

[spartak_t]

Let us assume that the "genesis" block is actually #1. I also know that the real genesis block is unspendable.

[NeuroticFish]

Essentially, something is going on where we wants people to believe he is Satoshi, a lot think its a solvency thing and Gavin is willing to back him up on his satoshi claim as having satoshi be a supporter of your fork is a huge thing.

This makes sense indeed. It's the best theory for now imho.

After watching how toxic this community has become... I wouldn't want to prove I was satoshi either.

If Satoshi would have wanted to come into light, he could have done it better and long ago.
But Satoshi is a smart person, he knows that he lost his private keys long ago and he has no chance to prove himself, so he just stays low.

Also, you are right. Bitcoin community is not very nice. It may be the hunger for money that makes the people worse.

[Hazir]

I have one question  - I thought that bitcoin in genesis block are frozen permanently and cannot be moved from it, ever?
Can someone explain to me technicalities behind it, because I maybe mixed something up here.

Well people continuously send coins there (the same as tossing a coin in the fountain i presume) I wasn't aware it was a burn address in any sense of the sort though.

I know that they are sending BTC there, but it exactly as you said it is something like a tossing a coin in a fountain or a token of appreciation for invention of blockchain and bitcoin, a memento in blockchain.
But is is actually possible to send BTC FROM it, it is technically possible? Or Isn't it one way ticket?

[spazzdla]

The ONLY thing this will prove to me is he has somehow gotten ahold of the keys.  


As far as I am concerned no one is Satoshi and everyone is Satoshi. 

[BTCLovingDude]

i hope he doesn't move any coins from the early blocks, i am not yet convinced he is telling the truth but if there is 1% chance that he is satoshi i think moving the coins is stupid and he should only sign a message from the address, that is enough. moving those coins might create mass panic.

[spartak_t]

https://www.reddit.com/r/Bitcoin/comments/1nc13r/the_first_50btc_block_reward_cant_be_spend_why/

[CIYAM]

But is is actually possible to send BTC FROM it, it is technically possible? Or Isn't it one way ticket?

You perhaps missed my previous post - but it is technically possible to move the funds other than the coinbase (i.e. the initial 50 BTC cannot be spent).