Topic: [BUG] Satoshi Nakamoto moving his coins at this moment !!! (Read 3932 times)
The Satoshi problem is that he cannot move those coins without utterly crashing their value. It's an unsolvable paradox. I think these coins will never move.
I can't believe how amateurish the persons behind blockchain.info are. I mean they have this great domain name and a really old and established project that many are using. But then they go ahead and do so many errors that it is not funny anymore.
correct me if I'm wrong but I think the fact that they are the most used bitcoin website only makes it even more difficult to keep everything in order. it's not like things will get easier as their users increase thousands daily.
I have to agree. Over the years an enourmous amount of problems came to light. And seeing the type of errors does make it easy to think that there are no professionals coding.
Anyway... they were not hacked till now. That is something that many other online wallets can't say. I remember wallets claiming to be ultrasecure, only to go down in short time.
I can't believe how amateurish the persons behind blockchain.info are. I mean they have this great domain name and a really old and established project that many are using. But then they go ahead and do so many errors that it is not funny anymore.
correct me if I'm wrong but I think the fact that they are the most used bitcoin website only makes it even more difficult to keep everything in order. it's not like things will get easier as their users increase thousands daily.
I can't believe how amateurish the persons behind blockchain.info are. I mean they have this great domain name and a really old and established project that many are using. But then they go ahead and do so many errors that it is not funny anymore.
correct me if I'm wrong but I think the fact that they are the most used bitcoin website only makes it even more difficult to keep everything in order. it's not like things will get easier as their users increase thousands daily.
Hmm... so this one turned out to be fake? 
BTW... how difficult it is to hack any of these wallets? In the Bitcoin sector we are having thousands of hackers and wallet thieves, who are stealing tens of thousands of USD worth of funds every day (Fortunately no one has robbed any of my wallets so far). Has anyone ever hacked in to one of those Satoshi wallets?
BTW... how difficult it is to hack any of these wallets? In the Bitcoin sector we are having thousands of hackers and wallet thieves, who are stealing tens of thousands of USD worth of funds every day (Fortunately no one has robbed any of my wallets so far). Has anyone ever hacked in to one of those Satoshi wallets?
I can't believe how amateurish the persons behind blockchain.info are. I mean they have this great domain name and a really old and established project that many are using. But then they go ahead and do so many errors that it is not funny anymore.
Got me exited for a bit, too bad it was fake though.
Now I'm wondering if we will ever see his coins move or if he will just keep them there forever.
Now I'm wondering if we will ever see his coins move or if he will just keep them there forever.
its funny how people get excited whenever satoshi nakamoto is mentioned or his wallet or coins are mentioned lol
no surprise there because this forum is comprised of bitcoin users and satoshi is the creator of bitcoin.
its funny how people get excited whenever satoshi nakamoto is mentioned or his wallet or coins are mentioned lol
Wow, what an amazing explanation
If blockchian.info was real the price of btc gonna spark very fast. I dont know if it will fall or rise. I juat hope that satoshi nakamoto keep is keys to juat himself.
Some dude has "admitted" to doing it: https://www.reddit.com/r/Bitcoin/comments/3fv42j/blockchaininfo_spoofed_transactions_problem_aug_4/
As far as I know still no word from the Blockchain.info folks.
As far as I know still no word from the Blockchain.info folks.
I wish people with this amount of higher level thinking would stop wasting their talents on detrimental things that give crypto a black eye.
Scary sounds in the night scare sheep - Average people see stories like this and run away.
satoshi only has 50 BTC? 
I thought he has 1 million of them.
He has a lot, estimated to be a little more than 1 million. However, his Bitcoin is spread over several hundreds, maybe thousands, of addresses when he was mining Bitcoin in the early days.I thought he has 1 million of them.
nope.. its far less than 1million.. in the first few days he was throwing away addresses purely for debugging. so lots are just lost. then people like hal finney joined him in mining along with another 6 in those very early days.. by the end of 2009 there were more than a dozen people mining..
so not that much stayed in satoshi's hands
for how he mined alone, because the diff was very low around 1 if i'm right, which mean that you can mine something like 10k bitcoin or even more, a day, right?
and with that rate he only need 3 months to accumulate 1M, i think he was very near 1M or more if it wasn't for some coins that he might lose
Actually it's 7200 coins per day (back then), and he wasn't mining alone.
Hal Finney himself said that when Satoshi announced the release of the software he grabbed it straight away and started mining.
He actually gave a lot of input to Satoshi regarding the software AFAIK.
EDIT:
I haven't researched what happened in dept but my theory is someone random that's pretty smart accidentally (or willingly) found the exploit and used it to try to fake a panic sell by making people think Satoshi was about to dump his fortune.
coinpr0n gave a link (a couple of posts above yours) to the excplaination of what happened by the guy that did it
How did this bug happen? I haven't seen any details by bc.i.
Somehow bc.i showed a fake tx. How? Whats the tx hex? Wat this signed properly? etc etc.. May questions.
I think they were sybil attacked. My idea of how they were attacked is as follow:Somehow bc.i showed a fake tx. How? Whats the tx hex? Wat this signed properly? etc etc.. May questions.
Somehow bc.i was disconnected from all of the nodes they had previously been connected to. Then an attacker proceeded to perform a sybil attack by attempting to make sure that bc.i's node was connected only to the attacking nodes. The attacker then created an orphan chain starting at block 1 and fed that to blockchain.info. Then they included several transactions which spent the early coins and made it seem as if Satoshi had moved his Bitcoin. Since many people use bc.i, they were tricked into thinking that Satoshi had moved his coins.
What I posted above is absolutely what happened, but is what I think is most likely to have happened.
I don't think so. It's not necessary to go through all that. My theory...
BC.i deals with a ton of tx's constantly. The problem seems to lie in their pushtx API. Polling a full node for every time transaction they receive a transaction is not feasible - it would be very slow. So, they must be implementing their own backend system for receiving these transactions. This API backend implementation is probably not doing all the checks it should be and ends up accepting invalid txs. /Theory
Some dude has "admitted" to doing it: https://www.reddit.com/r/Bitcoin/comments/3fv42j/blockchaininfo_spoofed_transactions_problem_aug_4/
As far as I know still no word from the Blockchain.info folks.
As far as I know still no word from the Blockchain.info folks.
Transaction rejected by our node. Reason: Non-canonical signature: wrong type https://blockchain.info/tx/26d80a02ebdd9886b5a859c69c3470b2150488324e31f309d7981f575662a726
so blockchain fix this bug ?
so blockchain fix this bug ?
satoshi only has 50 BTC?
I thought he has 1 million of them.
He has a lot, estimated to be a little more than 1 million. However, his Bitcoin is spread over several hundreds, maybe thousands, of addresses when he was mining Bitcoin in the early days.I thought he has 1 million of them.
nope.. its far less than 1million.. in the first few days he was throwing away addresses purely for debugging. so lots are just lost. then people like hal finney joined him in mining along with another 6 in those very early days.. by the end of 2009 there were more than a dozen people mining..
so not that much stayed in satoshi's hands
for how he mined alone, because the diff was very low around 1 if i'm right, which mean that you can mine something like 10k bitcoin or even more, a day, right?
and with that rate he only need 3 months to accumulate 1M, i think he was very near 1M or more if it wasn't for some coins that he might lose
satoshi only has 50 BTC?
I thought he has 1 million of them.
He has a lot, estimated to be a little more than 1 million. However, his Bitcoin is spread over several hundreds, maybe thousands, of addresses when he was mining Bitcoin in the early days.I thought he has 1 million of them.
oh ok. Thank you for that.
How did this bug happen? I haven't seen any details by bc.i.
Somehow bc.i showed a fake tx. How? Whats the tx hex? Wat this signed properly? etc etc.. May questions.
I think they were sybil attacked. My idea of how they were attacked is as follow:Somehow bc.i showed a fake tx. How? Whats the tx hex? Wat this signed properly? etc etc.. May questions.
Somehow bc.i was disconnected from all of the nodes they had previously been connected to. Then an attacker proceeded to perform a sybil attack by attempting to make sure that bc.i's node was connected only to the attacking nodes. The attacker then created an orphan chain starting at block 1 and fed that to blockchain.info. Then they included several transactions which spent the early coins and made it seem as if Satoshi had moved his Bitcoin. Since many people use bc.i, they were tricked into thinking that Satoshi had moved his coins.
What I posted above is absolutely what happened, but is what I think is most likely to have happened.
I don't think so. It's not necessary to go through all that. My theory...
BC.i deals with a ton of tx's constantly. The problem seems to lie in their pushtx API. Polling a full node for every time transaction they receive a transaction is not feasible - it would be very slow. So, they must be implementing their own backend system for receiving these transactions. This API backend implementation is probably not doing all the checks it should be and ends up accepting invalid txs. /Theory
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