"During 2009 the mining activity was so low that it was kept active on the minimum accepted difficulty, and blocks were created at a lower rate than one every 10 minutes. It’s plausible that even if Satoshi wanted to turn off his miner after a while, he may have finally decided to let it run until seeing more activity.
Supposition: Anyone who took the time and effort to create Bitcoin would not risk letting the network to halt due to lack of miners. He would run at least a miner himself."*
Satoshi mined, and he mined a lot to let the network run. And the mined coins he marked.
Think of it as sunken ships with these mined coins as their cargo.
And we want to salve these ships and recover the coins.
----------
How?
Five years ago, a Bitcoin puzzle was discovered
https://bitcointalk.org/index.php?topic=1306983.0 and people are trying to calculate private keys of addresses that have different difficulties. For addresses with known x and y coordinates of the public keys, they have faster solutions.
We want to build a network, like the Bitcoin network (pools with participants), where instead of hashing the next block, the participants will calculate distinguished points of the elliptic curve that Bitcoin uses for its addresses. As Satoshi's coins contain the x and y coordinates, we can use the faster calculation method.
And this network will include Satoshi's mined coins. Hopefully we can calculate them and bring them back.
----------
As of today, it is nearly impossible to calculate them. Do your own research, understand it, then participate if you want.
----------
How will rewarding work?
If we solve a Satoshi's coinbase, which consists of 50 BTC, 25 BTC will go to the participants that calculated the distinguished points (12.5 BTC for wild point and 12.5 BTC for tame point) and with the other 25 BTC, we will buy the interaction token. The price of the interaction token will be an indicator for the success of that project and the participants can optimize their reward with that token.
As interaction token for that project, we will use ADAB token (ETH Contract: 0x034b0dd380b5f6f8123b8d0d0e42329b67772792). The initial project https://bitcointalk.org/index.php?topic=4720775.0) that should become a crypto exchange, doesn't exist anymore, we think that they had licensing problems. We invested in that project, the tokens have a good distribution and the market cap is < $100,000 (06/Jul/2021).Exchange: Bitforex - pair ADAB/ETH https://www.bitforex.com/en/spot/adab_eth (09/Jul/2021 BitForex has hidden ADAB
https://support.bitforex.com/hc/en-us/articles/4404391011853-Announcement-of-Hiding-22-Inactive-Tokens-and-28-Trading-Pairs)
We wanted to have a decentralized exchange for this project and created an own token as ADAB spin-off. We chose the Waves platform.
Exchange:
https://waves.exchange/Explorer with information on the token:
https://wavesexplorer.com/tx/9zMruSw8PPVPvRWgmrDi8QzsaGwNfBqdx9L5sMgASDAKName of the token: BitcoinADAB
Quantity: 10,000,000
Decimals: 8
Reissuable: no (10,000,000 tokens is max.)
AssetId: 9zMruSw8PPVPvRWgmrDi8QzsaGwNfBqdx9L5sMgASDAK
To find the token in the exchange:
Search with the AssetId: 9zMruSw8PPVPvRWgmrDi8QzsaGwNfBqdx9L5sMgASDAK
Switch to 'Unverified mode'
Pairs: BitcoinADAB/BTC and BitcoinADAB/WAVES
This is our interaction token for this project.
It will take a certain time to build up that network, which will be a large database.
----------
How will you be rewarded?
With the interaction token. Anyone can buy and sell that token. As already said, BitcoinADAB token will indicate the success of this project.
----------
How can we be sure that the participants will receive their reward and that the initial token will be bought after solving a coinbase?
We could keep the coins. But we could do this one time, as nobody would trust in that project anymore.
----------
Why these coins and not others?
We want to solve Satoshi's coins, because these coins were mined to serve the purpose, to let the Bitcoin network run. Without these coins, we wouldn't have Bitcoin today, they are special as they had to be mined. Satoshi mined them, marked them and didn't transfer them. Satoshi alone can respond to our project e.g. can transfer them to other addresses. If someone can sign messages to our points, we will be sure that it is Satoshi as they were marked in a way, that you can separate them from others.
----------
How can we know that the coins we calculate are Satoshi's coins?
Satoshi marked his mined coins.
https://bitslog.com/2019/04/16/the-return-of-the-deniers-and-the-revenge-of-patoshi/https://bitcointalk.org/index.php?topic=507458.0Satoshi's coins have been mined 2009 - mid 2010 (~block 55000)
There are ~27,000 unspent coinbases in this timeframe
~22000 blocks are Satoshi's coins (~80%)
~5000 blocks others mined (~20%)
That was the biggest problem, to separate them. Without separating them, we couldn't start that project. Because if we solved one of the points, which others had mined, the owner/s could sign a message and prove that he/she/them is/are the owner/s and this we had to solve before starting that project.
Today we know, which blocks Satoshi mined.
----------
What, if Satoshi wants us to stop that project?
If Satoshi signs a message with the private keys for addresses that we will publish here for our calculations, we will stop the project immediately.
What, if other participants don't want these coins to be used?
They have the possibility to create a Bitcoin fork with new rules, that these early mined coins are not usable.
----------
Here are some examples of Satoshi's addresses (all coinbase 50 BTC - year 2009) - there are > 20,000 Satoshi blocks with > 1,000,000 BTC
Block Address
5168 1BeGnS32fmE8519HS4MZNzEXNF9qac2aZe
5746 1MrtaEbkfz6fRaZdZkxgVKmaErVyjAVBvd
6293 1qqJ811Y5BGZ6FmvXqWWAY2ZYpC1WTAwo
6881 1XFBaNuVc8adgHzW4ofkZ4LpnzmGZLFtj
7443 12yTBHcmSx8EkfwLSS4CxeN8d9mqZBN9EM
8044 1Ev7PmfSL8N2a8iK6mTEKVcXZYpT2WvcAp
8644 12j55m8ujDYdMRzeF9tEhoDJxHeaeSPFmR
9205 1EpMerLUAURc6pFUgPFnA1ktGhPPJW9UHp
9778 1NgbX9h8PauV62Gd4ZnaD4VRAVFVmU9YnZ
10353 1Ccg7vDQECRw86UwLKqwqJxgBJLLTRjLKt
11067 1GfHRDwooUCdq4HhTdqDyDTy1RQXsKqhjA
11625 17RDjaCwTfrGJJWBNbz8P8gM86gejgTsjD
These addresses are special addresses (here 12 of them, there are ~100). They are the last coinbase addresses, before Satoshi resets his miner (the related values, like the ExtraNonce, go to 0). These points are on the top of the blue lines, which reflect Satoshi's coins. More here:
https://bitslog.com/2019/04/16/the-return-of-the-deniers-and-the-revenge-of-patoshi/*
----------
- will be edited -