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Author Topic: Mike Hearn still holding Bitcoin.  (Read 1358 times)
The One
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August 11, 2017, 08:19:49 PM
Last edit: August 11, 2017, 10:36:48 PM by The One
 #1

Look at this thread https://bitcointalk.org/index.php?topic=2080206.0;all

Look at this https://pastebin.com/Na5FwkQ4

Whilst reading the emails, assuming they are not fakes, I'd spotted this?

In chronological order.

23-2-2009 10:05:15 Reward From Block 5326 mined by Satoshi Nakamoto. 1AfRNhdvL5zYL1FTxM9mHyYnHuHK4TpLYh.

14-4-2009 7:41 PM Satoshi Nakamoto emailed, "If you send to 1PhUXucRd8FzQved2KGK3g1eKfTHPGjgFu and e-mail me your bitcoin address, or IP if you can accept incoming connections, I'll send back the same amount +50" to Mike Hearn.

16-4-2009 13:04:58 Reward From Block 11157 mined by Mike Hearn. 151FzoGsL4XiswSCpMBmii41WL9b6uweNg.

16-4-2009 16:33:26 Reward From Block 11173 mined by Mike Hearn. 16LukCKiiraP5iDT8X4ZgDGufq7L4dtg6o.

18-4-2009 13:08:22 Included In Blocks 11395 Mike Hearn sent 32.51 BTC to Satoshi Nakamoto. 151FzoGsL4XiswSCpMBmii41WL9b6uweNg to 1PhUXucRd8FzQved2KGK3g1eKfTHPGjgFu.

18-4-2009 15:08 Mike Hearn emailed, "I sent you 32.51 coins, my bitcoin address is 1JuEjh9znXwqsy5RrnKqgzqY4Ldg7rnj5n" to Satoshi Nakamoto.

18-4-2009 15:55:19 Included In Blocks 11408 Satoshi Nakamoto sent 32.51 BTC back to Mike Hearn. 1PhUXucRd8FzQved2KGK3g1eKfTHPGjgFu to 1JuEjh9znXwqsy5RrnKqgzqY4Ldg7rnj5n. Satoshi Nakamoto also sent 50 BTC (mined 23-2-2009 10:05:15) to Mike Hearn. 1AfRNhdvL5zYL1FTxM9mHyYnHuHK4TpLYh to 1JuEjh9znXwqsy5RrnKqgzqY4Ldg7rnj5n.

18-4-2009 18:16 Satoshi Nakamoto emailed, "I sent back 32.51 and 50.00" to Mike Hearn.

18-4-2009 19:34:27 Included In Blocks 11426 Mike Hearn sent 50 BTC (mined 16-4-2009 16:33:26) back to Satoshi Nakamoto. 16LukCKiiraP5iDT8X4ZgDGufq7L4dtg6o to 1PhUXucRd8FzQved2KGK3g1eKfTHPGjgFu.

18-4-2009 21:25 Mike Hearn emailed, "Thanks. I sent you back 50, so now we're even" to Satoshi Nakamoto.

18-4-2009 22:52 Satoshi Nakamoto emailed, "Got the 50" to Mike Hearn.

This proves that Mike Hearn still has 81.51 BTC at 1JuEjh9znXwqsy5RrnKqgzqY4Ldg7rnj5n plus 17.49 BTC at 151FzoGsL4XiswSCpMBmii41WL9b6uweNg.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.r5kbauxsn
"I will no longer be taking part in Bitcoin development and have sold all my coins."

https://cointelegraph.com/news/how-mike-hearn-sold-all-his-bitcoins-in-2016-and-market-proved-him-wrong
Terrible article since Mike still has at least 100 BTC.

All the usual FUDers attacking Mike in the past got it wrong.

Curiously why did Satoshi Nakamoto sent 50 BTC on 18th April (mined 23-2-2009 10:05:15) to Mike Hearn. 1AfRNhdvL5zYL1FTxM9mHyYnHuHK4TpLYh. Think about it, Satoshi Nakamoto could have used an earlier block from January when he was mining almost alone. Satoshi Nakamoto picked the address from 23rd February 2009 which was almost mined 2 months prior. Did Satoshi Nakamoto not mine any blocks after 23rd February or did he just randomly pick that address?

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August 12, 2017, 08:04:13 AM
 #2

All the usual FUDers attacking Mike in the past got it wrong.

Mike said he had sold all his coins. If these emails are legit they show he wasn't telling the truth about that. It was Mike who "got it wrong", not "The FUDers".

Curiously why did Satoshi Nakamoto sent 50 BTC on 18th April (mined 23-2-2009 10:05:15) to Mike Hearn. 1AfRNhdvL5zYL1FTxM9mHyYnHuHK4TpLYh. Think about it, Satoshi Nakamoto could have used an earlier block from January when he was mining almost alone. Satoshi Nakamoto picked the address from 23rd February 2009 which was almost mined 2 months prior. Did Satoshi Nakamoto not mine any blocks after 23rd February or did he just randomly pick that address?

Presumably he asked his wallet to send 50 BTC and the wallet's coin selection algorithm picked which utxo to spend. "Coin control" wasn't a thing back then.

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August 12, 2017, 08:50:58 AM
 #3

All the usual FUDers attacking Mike in the past got it wrong.

Mike said he had sold all his coins. If these emails are legit they show he wasn't telling the truth about that. It was Mike who "got it wrong", not "The FUDers".

Curiously why did Satoshi Nakamoto sent 50 BTC on 18th April (mined 23-2-2009 10:05:15) to Mike Hearn. 1AfRNhdvL5zYL1FTxM9mHyYnHuHK4TpLYh. Think about it, Satoshi Nakamoto could have used an earlier block from January when he was mining almost alone. Satoshi Nakamoto picked the address from 23rd February 2009 which was almost mined 2 months prior. Did Satoshi Nakamoto not mine any blocks after 23rd February or did he just randomly pick that address?

Presumably he asked his wallet to send 50 BTC and the wallet's coin selection algorithm picked which utxo to spend. "Coin control" wasn't a thing back then.

Do you think Satoshi would have mined all the coins in one wallet or 1 block per wallet? Having more than 1 wallet would be sensible in terms of spreading risks.


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........What is C?.........
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...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

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August 12, 2017, 12:03:02 PM
 #4

Why should we care about Mike Hearn having or not having Bitcoins?
I understand that those transactions between Satoshi Nakamoto and Mike Hearn must be very important in
the Bitcoin history,but why should we argue about this?
I`m curious about the bitcoin value back in April 2009.Some forum member here said that bitcoin was free back then.Too sad that i haven`t had a PC and didn`t knew anything about BTC. Sad

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August 12, 2017, 12:06:04 PM
 #5

Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.
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August 12, 2017, 12:09:47 PM
 #6

Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.

Why would he? One of the most renown developers of bitcoin has lost access to his wallet? Well, that's bs. And why would we care, though? It's his own decision to sell his coins, and if he kept some, so what? Mike Hearn is a part of bitcoin's history since he's one of the few people who Satoshi exchanged emails with during bitcoin's initial development. Also, bitcoin isn't exclusive to some select people, so I guess it's okay for Mike to have his own share.

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August 12, 2017, 12:10:11 PM
 #7

Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.

It's a huge possibility. These are from 8 years ago and wallet corruption was a big risk. It's too bad that someone who was invested so early ended up being a complete moron when it comes to bitcoins. I doubt he sold everything but idk if he'd have access to these coins anymore.
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August 12, 2017, 12:10:50 PM
 #8

why are you even talking about Mike Hearn. and who exactly are these FUDers that you think you are talking about. Mike himself said some stuff about bitcoin being dead and it was around the time price was $450. and someone who publicly claims bitcoin is dead will not obviously HODL a dead coin.
in other words you are calling Mike an FUDster. Wink

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August 12, 2017, 12:14:03 PM
 #9

All the usual FUDers attacking Mike in the past got it wrong.

Mike said he had sold all his coins. If these emails are legit they show he wasn't telling the truth about that. It was Mike who "got it wrong", not "The FUDers".

Curiously why did Satoshi Nakamoto sent 50 BTC on 18th April (mined 23-2-2009 10:05:15) to Mike Hearn. 1AfRNhdvL5zYL1FTxM9mHyYnHuHK4TpLYh. Think about it, Satoshi Nakamoto could have used an earlier block from January when he was mining almost alone. Satoshi Nakamoto picked the address from 23rd February 2009 which was almost mined 2 months prior. Did Satoshi Nakamoto not mine any blocks after 23rd February or did he just randomly pick that address?

Presumably he asked his wallet to send 50 BTC and the wallet's coin selection algorithm picked which utxo to spend. "Coin control" wasn't a thing back then.

I wonder what that algorithm was. The first transaction to Hal Finney spent from block 9, even though all blocks up to block 49 were mature at the time, and all blocks up to 77 were mined by Satoshi.
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August 12, 2017, 12:15:20 PM
 #10

is that really a surprise to anyone?

at that moment he was the fudster. he was trying to scare people into following his ideas. of course he was gonna claim he's all out. such an established bitcoin figure's word has, or had, weight.
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August 12, 2017, 02:52:44 PM
 #11



I'm doing some block chain analysis to see if these claims stand up. Block 5326 (highlighted above) appears to be a genuine Satoshi block; Satoshi's miner made those big diagonal line patterns with the extraNonce.

I will keep looking at the rest
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August 12, 2017, 02:57:05 PM
 #12

All the usual FUDers attacking Mike in the past got it wrong.

Mike said he had sold all his coins. If these emails are legit they show he wasn't telling the truth about that. It was Mike who "got it wrong", not "The FUDers".


Mike Hearn not telling the truth? What a big surprise... Cheesy
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August 12, 2017, 03:08:57 PM
 #13



The orange blocks in this chart are the ones Mike Hearn supposedly mined. The second block is higher than the first one, so there is an argument that they were mined by the same person, but there isn't any proof that Mike Hearn in particular mined them. (The big black line of blocks is Satoshi again)

If they are Hearn's blocks, I don't know why he would have forgotten to sell those bitcoins. You can see from his blog that he is clearly not interested in Bitcoin anymore. Maybe he lost the coins somehow, or forgot about them.

Unfortunately I can't conclusively say if the emails are genuine or not. Someone could have looked for two otherwise isolated blocks that had moved some coins around and wrote a conversation between Nakamoto and Hearn based on those transactions. We don't know! Sad

It's possible block 11184 was mined by the same person, which is another unspent 50 BTC.
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August 13, 2017, 12:27:29 PM
 #14

All the usual FUDers attacking Mike in the past got it wrong.

Mike said he had sold all his coins. If these emails are legit they show he wasn't telling the truth about that. It was Mike who "got it wrong", not "The FUDers".


Mike Hearn not telling the truth? What a big surprise... Cheesy

My point is that don't FUDers have anything better to do than attack each other over nothing. Do people simple believe everything they are told. If i said i won £1bn in a lottery, 20% of the dippy idiots on here would believe it.

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.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

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August 13, 2017, 12:38:58 PM
 #15

Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.

I do not think he encountered a simple reason. His problem is certainly very serious, however, it may also be his decision. And only he can answer this question.

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The One
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August 13, 2017, 12:57:41 PM
 #16

Assuming this is Mike himself.

https://www.reddit.com/r/btc/comments/6t2ci2/never_before_seen_mike_hearn_satoshi_nakamoto/?limit=500

"I no longer have the keys that were referenced in my initial emails with Satoshi. That's why the remaining coins are unspent. At the time bitcoins had no value at all and nobody else was using the system, so I didn't bother backing up the wallet and eventually lost it."

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

Iranus
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August 13, 2017, 02:18:38 PM
 #17

Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.

Why would he? One of the most renown developers of bitcoin has lost access to his wallet?
In 2009 when he received some worthless tokens in extremely early development (as a simple test), he could easily have lost access to his wallet.  It's not particularly unlikely.
"I no longer have the keys that were referenced in my initial emails with Satoshi. That's why the remaining coins are unspent. At the time bitcoins had no value at all and nobody else was using the system, so I didn't bother backing up the wallet and eventually lost it."
Hang on a second, so this is what you're doing:

-Insulting people for believing Mike when he said he has no coins left
-Believing Mike when he said he has no coins left
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August 13, 2017, 02:47:28 PM
 #18

Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.

Why would he? One of the most renown developers of bitcoin has lost access to his wallet?
In 2009 when he received some worthless tokens in extremely early development (as a simple test), he could easily have lost access to his wallet.  It's not particularly unlikely.
"I no longer have the keys that were referenced in my initial emails with Satoshi. That's why the remaining coins are unspent. At the time bitcoins had no value at all and nobody else was using the system, so I didn't bother backing up the wallet and eventually lost it."
Hang on a second, so this is what you're doing:

-Insulting people for believing Mike when he said he has no coins left
-Believing Mike when he said he has no coins left


Neither.

Whilst reading the emails, assuming they are not fakes, I'd spotted this?

Assuming this is Mike himself.


..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

liuqi
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August 13, 2017, 02:56:03 PM
 #19

Assuming this is Mike himself.

https://www.reddit.com/r/btc/comments/6t2ci2/never_before_seen_mike_hearn_satoshi_nakamoto/?limit=500

"I no longer have the keys that were referenced in my initial emails with Satoshi. That's why the remaining coins are unspent. At the time bitcoins had no value at all and nobody else was using the system, so I didn't bother backing up the wallet and eventually lost it."

Satoshi will be hidden from us due to be safe from the secret society of the world. As you some holded bitcoin is safest way to move with the bitcoin by the dev side. In that concern, that will be cen percentage correct.
We need to wait and watch some years to see the future adoption in bitcoin or any other altcoin side.

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aarturka
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August 13, 2017, 03:09:41 PM
 #20

No surprise, all bigblockers are just pathetic liars, most infamous are Craig, Ver, Andressen, Hearn
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