Satoshi Nakamoto's BTC invisibles on Electrum Wallets?

[Belisarius]

Hello guys! French Crypto beginner here (with broken english  )!

Im slowly discovering wallets fonctions everyday, and my last discovery is the "read only" wallet.

Of course, one of Satoshi's accounts was my first try.

But i noticed something: there is a difference in total, when i compare the wallet with Electrum and on blockchain.com...

Satoshi's BTC are invisibles!



Is it a problem with Satoshi's mined BTC (protected)? Or Electrum database is uncomplete (nothing before 2010)?



That's the same on Hal Finney wallet: the 10 BTC sent by Satoshi are not visibles.

[1715672863]

1715672863

[1715672863]

1715672863

[jackg]

The genesis block reward can't be spent. It's downloaded and compiled with bitcoin core so the computer has something to go off, Satoshi thought it a bad idea to let it be spend able which is why it won't show.

The network doesn't consider the initial block reward to actually be bitcoin, its just the root for everything else essentially. Block explorers will do literal scans of the blockchain so they will think it is part of the chain and spend able on the Web interface.

[Belisarius]

I know now than the first 50 BTC are unspendable. It is a logic explanation.

But what about the others blocks rewards? Because that's acutally the same! As i said: on block 170 (the first transaction), the 10BTC sent my Satoshi to Hal Finney are invisibles too.

If All the blocks (ant their rewards) mined by Satoshi are considered unsendable by the network, this is the answer to the 10 billions dollars question: Why Satoshi never used his BTC?

[jackg]

Can you post his address here so I can take a look?

It is probably that they were both developers of the network and decided that the bitcoin satoshi mined couldn't be spent (to improve security most likely).

[Belisarius]

Satoshi's Genesis block address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

Hal Finney first transaction 1Q2TWHE3GMdB6BZKafqwxXtWAWgFt5Jvm3

Are you hosting a full node? (if someone do, plz try this addresses and tell us if you can see Satochi's BTC in "read only" wallet)

[jackg]

I can say it's nor all rewards that don't show since this one does in electrum: 1PKN98VN2z5gwSGZvGKS2bj8aADZBkyhkZ  (this is the address of ck pool - a solo mining pool). Mined bitcoins now appear in electrum.

It may be likely that since they were both developers of bitcoin core they decided to make their coins not spendable but I'm not sure. Anyone putting it into bitcoin core might have to go through a rescan and I'm not sure how long that takes.

[Abdussamad]

Coins sent to this address have all been spent: https://www.blockchain.com/btc/address/1Q2TWHE3GMdB6BZKafqwxXtWAWgFt5Jvm3

Except for the genesis block other early block's rewards can be spent.

edit: I restored a wallet using these two addresses 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa and the 1Q one given above. The result is  a transaction history going back to 2011 only.

[jackg]

Is there a reason for the 2011 limit though? Did they start parsing the chain after then and store it in a different way as I assumed it was the same as how core works...

[Belisarius]

Abdussamad, are you hosting a full node?

On my research, i was able to see some transactions from the very end of 2010. Im not giving in conspiracy, but that's the moment Satochi leaved this forum

I will try to talk with Electrum developers. They can certainly solve this mystery easily.

[jackg]

Let us know what response you get (if you need a link you can post it here: https://github.com/spesmilo/electrum/issues/)

[Abdussamad]

I don't have a full node. I wouldn't be using electrum if I did.

[pooya87]

edit: I restored a wallet using these two addresses 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa and the 1Q one given above. The result is  a transaction history going back to 2011 only.

it may be a Server limitation thing. if i am not mistaken, some of them have limited their database to only cover transactions back to a certain year. so for example if you have a transaction in 2009 (the case with Hal's address) these servers won't have it indexed so they don't return it.
that works in 99.99% of the cases so nobody would ever notice it.

[GiGa#]

Good catch Belisarius!  We need more observant people in this field.  

I learned something today, due to your post (and the help of kiuupichan on Github): namely that Electrum servers check for P2PKH transactions but not (currently) for older P2PK transactions, which were more common in the early days of bitcoin.

[Belisarius]

https://github.com/spesmilo/electrum/issues/5577