The Well Deserved Fortune of Satoshi Nakamoto, Visionary and Genious

[johnyj]

Some thing I wonder: If every block generated by Satoshi belongs to a different address, how many addresses he has to manage? I suppose that the early version of client have only one address per wallet? So if he have 1 million coin he has to manage 20000 wallets? At a time that no one knows if bitcoin will success or not, he backup 600 wallets every 100 hour??

I suppose that if he would like to accumulate all the coins generated by him, he would have transferred all the coins to a few addresses, to be able to manage. I think that setting up a bot miner's scenario is more resonable

(And even if he owned 5% of total amount of coin, comparing with central banks owned every USD when they issue it, it's still very very little)

[theymos]

I suppose that the early version of client have only one address per wallet?

No. Early versions had most of the functionality that Bitcoin-Qt's GUI has now.

[Crypto Canary]

Surprise-o-meter: 0%

[Zibbo]

How Satoshi mining pattern disappears...

http://bitslog.files.wordpress.com/2013/04/start-36288-stop-72576-x-15000-y-15-c16.png

One interesting observation about this graph is about two months after "Satoshi disappears". At that point a new, and from the looks of it, very efficient miner starts working, with a very similar (identical?) "slope" as with Satoshi miner. Lots of those coins are spent.

Of course, any vertical looking slope will look a lot like Satoshi miner.

[deepceleron]

One interesting observation about this graph is about two months after "Satoshi disappears". At that point a new, and from the looks of it, very efficient miner starts working, with a very similar (identical?) "slope" as with Satoshi miner. Lots of those coins are spent.

That would be knightmb, who made mad coin with thousands of dollars of Amazon compute cloud.

deblurred July 24, 2010 screenshot for you:

[rpietila]

Cheese guys, soon you will be able to match all BTC1,000 paperwallets with their owners, and I start to feel queasy. 

[Atheros]

The nonce may increase faster if Satoshi was discarding fast block finds to make the block rate more regular (which they are statistically - pull out and analyse one series of increasing extranonces).

This is all Extremely interesting.

Why would Satoshi's xMiner bother to do the work to generate blocks during particular seconds or minutes if it doesn't want blocks at that time? Why not pause generation and continue when too much time has gone by without any blocks?

[adam3us]

Thats kind of an unfortunate privacy bug.  Coincidentally I thought about and fixed a few potential issues like this in hashcash (it was originally designed for anti-DoS for remailers as well as anti-spam for email so privacy and linkability mattered).  (hashcash is the bitcoin mining function).

The way I did it is to have a separate field dedicated to adding the randomness to avoid start collisions (two miners choosing the same stamp/coin) and then I just used a never decreasing counter for the mining.  Simples QED.

For Satoshi now - maybe he can find a private buyer via a lawyer and swiss banking services.

Or perhaps we're forced to implement zerocoin to protect him

Anyway dont sweat people - he can probably get by on a few $M play money from his post privacy bug fix mining hoard until there's a solution on his post.  (When was that bug fixed btw?  Cant tell from those low res graphs).  And hes' probably holding out for the $10k bitcoin era anyway.

Adam

[marcus_of_augustus]

Satoshi needs to come out of retirement (under another Nym of course) to implement zero-coin level privacy so he can move his millions around 

Take it to the next level satoshi, show us what ya got.

[gmaxwell]

Well, if you want to help Satoshi out,  go build a nice system for anonymously participating in something like this: https://bitcointalk.org/index.php?topic=139581.0

[JackH]

I for one dont think Satoshi is just watching how things evolve and is probably on this board under another nickname or multiple nicknames. Time will tell how he deals with the continuing Bitcoin mania.

[heidula]

I am Satoshi

http://imageshack.us/a/img507/5590/satoshit.png

there he is

[johnyj]

I suppose that the early version of client have only one address per wallet?

No. Early versions had most of the functionality that Bitcoin-Qt's GUI has now.

Here, on Oct 09, 2010, Satoshi announced "SVN rev 163 (ver 0.3.13.3) has the key pool feature.  Pre-generated new keys are aged in a queue before use, so that backups of wallet.dat hold keys you'll use in the future."

http://www.bitcointalk.org/index.php?topic=1414.0

Before that, I don't know how the block generation addresses are handled

[theymos]

Here, on Oct 09, 2010, Satoshi announced "SVN rev 163 (ver 0.3.13.3) has the key pool feature.  Pre-generated new keys are aged in a queue before use, so that backups of wallet.dat hold keys you'll use in the future."

http://www.bitcointalk.org/index.php?topic=1414.0

Before that, I don't know how the block generation addresses are handled

Wallets still had multiple keys, they just weren't pooled. The key pool feature makes backups much safer.

[gwern]

Interesting. What block does the Satoshi pattern disappear on, exactly?

How Satoshi mining pattern disappears...

http://bitslog.files.wordpress.com/2013/04/start-36288-stop-72576-x-15000-y-15-c16.png

[jl2012]

Someone moved the coinbase reward from blocks 2800, 2816, 2884, 3182, 3194 today: https://www.blockseer.com/g/75j3281Osaeu

This person claims he's the owner of these coins, and he's not Satoshi: https://www.reddit.com/r/Bitcoin/comments/3ln3sp/it_was_me/

Does your analysis still hold, given the new information?

[HI-TEC99]

Someone moved the coinbase reward from blocks 2800, 2816, 2884, 3182, 3194 today: https://www.blockseer.com/g/75j3281Osaeu

This person claims he's the owner of these coins, and he's not Satoshi: https://www.reddit.com/r/Bitcoin/comments/3ln3sp/it_was_me/

Does your analysis still hold, given the new information?

That reddit user claimed he moved those coins hours after they had been moved. Also, someone asked him to sign a message to prove he controls those addresses, and he hasn't done it yet. I'll only believe it after he proves it by signing a message, or announcing his intentions to move specific coins in advance. I've become skeptical of any claims of ownership of vast amounts of coins, or ownership of very early coins because it's very rare anyone provides conclusive proof of their claims.

[jl2012]

Someone moved the coinbase reward from blocks 2800, 2816, 2884, 3182, 3194 today: https://www.blockseer.com/g/75j3281Osaeu

This person claims he's the owner of these coins, and he's not Satoshi: https://www.reddit.com/r/Bitcoin/comments/3ln3sp/it_was_me/

Does your analysis still hold, given the new information?

That reddit user claimed he moved those coins hours after they had been moved. Also, someone asked him to sign a message to prove he controls those addresses, and he hasn't done it yet. I'll only believe it after he proves it by signing a message, or announcing his intentions to move specific coins in advance. I've become skeptical of any claims of ownership of vast amounts of coins, or ownership of very early coins because it's very rare anyone provides conclusive proof of their claims.

He signed the output address with 265BTC:

http://coinig.com/?adr=1HUidFPHZ7cJ6WYmR8nMPQCmmE3mbVKYjM&msg=It+was+me+20%2F9%2F2015&sig=IC8oSnQ%2BCNMhqDYu7hTQXb%2Bkvrbu%2Fr3EXjiLjLvFIsQuDlxUSqXWZj7TRiLcLnmT%2BErjgjOr7dVRC%2FGB47IKYk0%3D

He says Bitcoin-qt doesn't allow him to sign with the coinbase address

https://www.reddit.com/r/Bitcoin/comments/3ln77n/coinbases_from_feb_3_2009_just_moved_for_the/cv7pyra

[theymos]

He says Bitcoin-qt doesn't allow him to sign with the coinbase address

At least in 0.11.0, that's not true. I just tried it and it worked fine.

Code:

Here's a block I mined -theymos
1HxQavcwsYnLbntANzj1V1yC5ckxZiRELg
HL+XUyNgUovWpaDPeW9bUMBYW6T8ZNqRXazgFNYLhdFPC4sEjGZf27RyCkkZbXe/ivNgYeCC+feBF7TmjtWvNkM=

I signed that on the same wallet.dat file that I used to mine the bitcoins -- I didn't import the private key or anything.

[GermanGiant]

He says Bitcoin-qt doesn't allow him to sign with the coinbase address

At least in 0.11.0, that's not true. I just tried it and it worked fine.

Code:

Here's a block I mined -theymos
1HxQavcwsYnLbntANzj1V1yC5ckxZiRELg
HL+XUyNgUovWpaDPeW9bUMBYW6T8ZNqRXazgFNYLhdFPC4sEjGZf27RyCkkZbXe/ivNgYeCC+feBF7TmjtWvNkM=

I signed that on the same wallet.dat file that I used to mine the bitcoins -- I didn't import the private key or anything.

Could you please check if https://www.reddit.com/user/btcthwy is accessing reddit via Tor ?