Why Coinbase Transaction does not show up in Electrum Wallet ?

[DigitalMonk]

I am conducting a research about Satoshi's Stash of Bitcoin.
I tried to identify the blocks that Satoshi mined in 2009 from the Genesis Block may be up to 60,000 blocks.

When I put the Genesis Block  in the Electrum it shows that there around some Bitcoin people has sents to the Genesis Block address  but it does not show the 50 Coinbase transaction. Which supposed to be the first Bitcoin transaction.

I also put many other address but the result is the same. Some earlier Bitcoin address show the balance is 0.0 but in the Block explorer it shows that coinbase transaction of 50 Bitcoin is there but not spent.

What is the fact ?

Please let me know your comments.

Thanks
Arigato

[BlackHatCoiner]

That's because Electrum doesn't recognize P2PK (Pay-to-public-key) outputs, and the first Bitcoin client paid that way when a node solved a block, or when one node paid another via TCP/IP. Eventually, Pay-to-IP was phased out, and miners used other mining software which used P2PKH (Pay-to-public-key-hash).

I had the same question about a year and a half ago: https://bitcointalk.org/index.php?topic=5327269.0

[franky1]

That's because Electrum doesn't recognize P2PK (Pay-to-public-key) outputs, and the first Bitcoin client paid that way when a node solved a block, or when one node paid another via TCP/IP. Eventually, Pay-to-IP was phased out, and miners used other mining software which used P2PKH (Pay-to-public-key-hash).

I had the same question about a year and a half ago: https://bitcointalk.org/index.php?topic=5327269.0

wrong
1. bitcoin core, other wallets and miners do understand P2PK because they do show p2pk transactions.. only electrum does not. meaning the fault lays within electrum.
(dont play your agenda game of pretending bitcoin is broke but your favoured service is good, especially when your favoured service is the thing that is broke!)

lets sidestep into blackhatcoiners offtopic/meader and misunderstanding of the p2ip which is not even something the topic creator mentioned. but because blackhat did and said many mistakes, needs to be rectified for other readers sake
2. pay to IP was not about some special way to confirm transactions outside of usual mining rules
pay-to-ip was a way to just send a unconfirmed unbroadcast signed TX to another user directly instead of the whole network seeing it (pre-confirm via peer-to-peer relaying to everyone. )
it was a privacy thing. of not annoucing a TX until its in a block by not letting everyone have a copy before the block its confirmed in..
this would mean the recipient got a unbroadcast/unconfirmed signed tx, which he can then broadcast to everyon tolet then put it in thieir block..when he wants to get it confirmed
or solo mining it where people only get to see it when the recipient or sender included it their own block they solved, as they were the only ones with it pre-confirm.
back in the old days there was 'no pools' it was solo mining.
pay-to-ip was not about paying in an immutable/confirmed way to someone in a different method other than the block solving method that existed at the time(solo) was more about giving it to only to a select few people(privacy) so that not everyone seen the signed tx before it appeared ni a blcok, and if those people included it in their block attempts and their blocks confirmed, then that transaction is confirmed and finally seen by the network for the first time,  

(you should know this very well with your offchain favoured system (of the privacy aspect of the bitcoin network not seeing it until close session broadcast) it has nothing to do with deeming the other person as confirmed immutably paid by pretending the unconfirmed payment is a final settlement(which foolishly LN tries to infer.. which is where you are mistaken, but should have learned by now))

3. when most blocks became solved by pools and not solo. the usefulness of pay to ip became useless, because the chances of someone then solo mining to include the TX (to get paid) became less. thus people had to broadcast to the network publicly for the chance for it to get into a block

anyways... back to talking about the P2pk:
4. pools even now can still accept and collate into blocks p2pk transactions. mining (hashing blocks) didnt change due to the creation of newer tx formats


now that has been clarified
the reason electrum does not show p2pk.. is not due to pools. its not due to mining.. its due to electrum. and only electrum not being coded well

as admitted by blackhatcoiner in his post he made ages before. other software does show the 50btc coinbase rewards. yep core, blockexplorer, blockhain.info, and so many more software do show it.. so electrum not showing it is a flaw of electrum

[BlackHatCoiner]

it was a privacy thing. of not annoucing a TX until its in a block by not letting everyone have a copy before the block its confirmed in..

No. Pay-to-IP was a function that transmitted public keys. Satoshi client paid to that public key once received. At least that's what Raghav Sood says on Stackexchange:

Such transactions worked by essentially contacting the IP address you were sending to, seeing if it was running Bitcoin, and receiving a public key from the Bitcoin node there to pay to.

We can look into the source code of the very first software release if you disagree. I'm sure it has nothing to do with privacy protection; pretty much the opposite. Handing over your IP address harms your privacy. But, you don't understand privacy, so it's a waste of time arguing.

the reason electrum does not show p2pk.. is not due to pools. its not due to mining.. its due to electrum. and only electrum not being coded well

And nobody said otherwise. It's definitely an Electrum's fault. You just don't have anything to say, as usual, and derail the thread.

[franky1]

derailing thread

says the guy that brought up pay2ip as a reason to blame electrums inability to read pay2pk(facepalm)

and the first Bitcoin client paid that way when a node solved a block, or when one node paid another via TCP/IP. Eventually, Pay-to-IP was phased out, and miners used other mining software which used P2PKH (Pay-to-public-key-hash).

hint if you just said "That's because Electrum doesn't recognize P2PK (Pay-to-public-key) outputs" and only that.
instead of then point fingers in all different places to explain it.. there would not have been need to correct you
anyways. to end the sideshow debate of blackhatcoiners pointy fingers by completely correct to debunk blackhatcoiners pointy fingers of p2ip blame blame.. so that everyone can finally know its as simple as electrum just cant be bothered and is at fault...

lets just totally once and for all correct blackhatcoiners misunderstanding of what p2ip is so they he can just STOP. and not meander with his misperceptions. and just accept what actually happens and not discuss it again.
(im doing this because blackhatcoiner and his buddies like to jump into topics and not say whats actually at fault but say something is at fault due to [insert other bitcoin network thing/node feature that is broke where bitcoin as a whole was/is not fit for purpose])

..
p2ip was not about paying a IP instead of a public key..
it was about using an ip address to connect to a persons node to request a public key, then create a tx with said public key as destination of funds, sign tx. and send tx to the recipient direct before broadcasting it to everyone else


imagine 2 nodes
A and B

A wants to pay B
first step A connects to b.. B sends A publickey for how to pay B
(thats where you stop with your narrative at this point)

A then creates a transaction (a payment) and sends the signed tx to B
the privacy aspect is that A did not have to transmit the transaction(payment) to everyone on the network unconfirmed.

instead A or B could then include it in their solo mining block attempts. and the payment is confirmed and only seen by the wide network when the solved block is propagated to the network so that only then can the whole network only then see that there was a payment betwen A nd B

as for IP privacy
well all nodes worked via connecting to each other via IP

people only wanted to trade with other people they trusted and knew so would only use paytoIP with people they knew already.

no one used it with strangers and it was not meant to be used to gather info by forcing people to PaytoIP to learn what someones IP was to then DDoS them.

people were smarter then that to be demanded to reveal their IP to strangers who could then associate a forum profile with an IP
and such it was never used because in many many cases people didnt know/trust each other well.

it also got used alot less when pool mining came about where chances of solo  miners solving blocks that included their prefered tx list were not happening as much as pool mining was, so people just ended up just relaying transactions with everyone to greaten the chance of being included in a block

anyway..

We can look into the source code of the very first software release if you disagree.

yes we can, challenge accepted

https://youtu.be/W3rb_26QswM?t=260

oh and as for your privacy thing
this is not about telling everyone your IP. not everyone knows or gets to see your IP. you are only telling your prefered person the IP.
again its not about having a destination address of funds as an ip address

its about choosing to connect directly to a service you know of who happily wants you to connect to them..

well that was the initial idea.
hense why satoshi set up the cod as like a merchant tools mechanism so a merchant can be connected to and then send the customer a public key(bitcoin address) the merchant wants to be paid with

and yea i made things easy. instead of a wall of text code for you to read i found a video summarising the code

[NeuroticFish]

When I put the Genesis Block  in the Electrum it shows that there around some Bitcoin people has sents to the Genesis Block address  but it does not show the 50 Coinbase transaction. Which supposed to be the first Bitcoin transaction.

I also put many other address but the result is the same. Some earlier Bitcoin address show the balance is 0.0 but in the Block explorer it shows that coinbase transaction of 50 Bitcoin is there but not spent.

What is the fact ?

As said, some wallets don't show/count correctly P2PK outputs.
Even more, some ignore the genesis block coins; even some block explorers do that (eg. SoChain). The reason, afaik, is that the genesis coins cannot be spent.

[franky1]

As said, some wallets don't show/count correctly P2PK outputs.
Even more, some ignore the genesis block coins; even some block explorers do that (eg. SoChain). The reason, afaik, is that the genesis coins cannot be spent.

as for the lack of seeing the genesis block..
and more simpler reason.. some lazy coded wallets start at block 1.. not 0, because no one thought to check that there is actually a block 0, and instead just had a counter start at 1 for "the first block"

[NeuroticFish]

as for the lack of seeing the genesis block..
and more simpler reason.. some lazy coded wallets start at block 1.. not 0, because no one thought to check that there is actually a block 0, and instead just had a counter start at 1 for "the first block"

LOL!
I didn't look into their code, but yeah, sloppy programming, even at this level, doesn't have to be ruled out (see what happens with DeFi and such).
But really, even if one would not be sloppy, it's easier to ignore the funds from the first block since they cannot be spent anyway. And it can make sense too (from the wallet point of view).

[DigitalMonk]

Very information. Thanks a lots to everyone.

How the Bitcoin Explorer really work ?  Is the Bitcoin explorer pulling the data from backend of the Bitcoin database ? 
I want to create a proper Bitcoin Block Explorer, how to start it ?  Where is the code of Block Explorer ? Can some one help me out to create a good Block Explorer ?  Once you help me and the Block Explorer running from new Node and server, I will be able to pay out some reward later but for now you can give a support Charity wise.

May be I will setup a new project that will generate some money and run the Block Explorer.

Thanks.

[BlackHatCoiner]

p2ip was not about paying a IP instead of a public key..

You talk a lot, but I can't say the same about your reading. You're disappointingly twisting my words. Classic, desperate franky. I've never said such thing, and since you're British as you've said, there's no room to question your English. You're just deliberately attacking me for personal reasons.

yes we can, challenge accepted

The software, not a YouTube video about the software. Point me the line that I'm wrong: https://bitcointalk.org/index.php?topic=68121.0. Or just don't. Find life.

[pooya87]

as for the lack of seeing the genesis block..
and more simpler reason.. some lazy coded wallets start at block 1.. not 0, because no one thought to check that there is actually a block 0, and instead just had a counter start at 1 for "the first block"

Considering the fact that the output of block #0 can not be spent by design, there is no point for "wallets" to show that unspedable UTXO as part of the wallet content.
It is different for block explorers though since they are showing history and they should add an exception for that output and include it in the history but not show it in the balance.

[NeuroticFish]

How the Bitcoin Explorer really work ?  Is the Bitcoin explorer pulling the data from backend of the Bitcoin database ? 

Depending on the implementation, some get data from locally running bitcoin core or the blockchain the local bitcoin has downloaded, or (also) from an Electrum server database, or it can also build its own database off this kind of data.
The data a block explorer offers is clearly from the blockchain, but, for easier retrieval a (another) local database is needed, to group the blockchain data in a different way.

I want to create a proper Bitcoin Block Explorer, how to start it ?  Where is the code of Block Explorer ?

You can look into the code of existing block explorers:
https://github.com/mempool/mempool
https://github.com/janoside/btc-rpc-explorer

Can some one help me out to create a good Block Explorer ?  Once you help me and the Block Explorer running from new Node and server, I will be able to pay out some reward later but for now you can give a support Charity wise.

Since you seem to still have a lot to ask and learn until you understand how bitcoin works, I think that nobody will spend time with you.
So start with the beginning and master bitcoin first. Then, if you have programming skills, you'll be able to make a blockchain explorer too if you want.