Craig Wright to move coins from an early (associated with the genesis?!) block? - page 5.

CIYAM

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Quote from: kik1977 on May 03, 2016, 11:01:54 AM

I agree he simply needs the signature, without the need to move coins (although that would be easier to understand to many - i.e. journalists). On the other hand, I know the first 50 bitcoins mined in block #0 cannot be moved, as any transaction referencing them as inputs would be rejected. Am I wrong?

You're not wrong about the 50 BTC - but other coins have been sent to the same address - those could be moved (as those txs are indexed).

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However, if he is indeed Satoshi he can move coins associated with the genesis block. The question is: What if Wright provide a solid proof that he is Nakamoto? I see it as a problem...

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Quote from: CIYAM on May 03, 2016, 10:54:47 AM

Quote from: kik1977 on May 03, 2016, 10:53:25 AM

How many "experts" here saying that they would believe only if coins are moved from the genesis block. You should know, since the level of expertise you have, that those coins, by default, cannot be moved. Try another one..

Again - those funds (sent to that address) *other than the coinbase* actually *can be moved*.

And owning the private key to the genesis block would be far more convincing than moving funds from say block 700.

Also - he doesn't need to move funds but simply provide a signature (the very thing he failed to do with his last stunt which simply was a copy and paste of Satoshi's signature taken from the public blockchain).

I agree he simply needs the signature, without the need to move coins (although that would be easier to understand to many - i.e. journalists). On the other hand, I know the first 50 bitcoins mined in block #0 cannot be moved, as any transaction referencing them as inputs would be rejected. Am I wrong?

kik1977

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Quote from: Hazir on May 03, 2016, 10:39:51 AM

I have one question - I thought that bitcoin in genesis block are frozen permanently and cannot be moved from it, ever?
Can someone explain to me technicalities behind it, because I maybe mixed something up here.

http://bitcoin.stackexchange.com/questions/10009/why-can-t-the-genesis-block-coinbase-be-spent

When a node starts up it initializes its copy of the block database alongside the genesis block and then begins the synchronization process. For some reason, Satoshi decided not to add the coinbase transaction from the genesis block to the global transaction database. Thus all the nodes in the network would reject the block.

I'm not sure if this was done on purpose or if it was simply an oversight. In any event, it is forever bound to 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa.

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Quote from: chopstick on May 03, 2016, 10:32:20 AM

After watching how toxic this community has become... I wouldn't want to prove I was satoshi either.

If you actually listen to the man he says he had no choice in the matter, it was basically decided for him because of hackers revealing his information, issues with the Australian tax office, etc.

People want to think that satoshi was some perfect human being in every way. Not true, we're all imperfect humans. I think Craig fits the bill in some ways, but he could still be proven a fraud. The ball is firmly in his court. The problem is even if he does provide amazing proof most people here still won't believe it. Like I said, toxic community.

Indeed. moving even just a coin would sure make us amazed but that might not gain him the respect that he may hope to have from the users. users may prefer Satoshi to be dead and if Craig proved he is satoshi, he better be ready lol or people may start to believe this story lol https://bitcointalksearch.org/topic/m.14741710

CIYAM

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Quote from: kik1977 on May 03, 2016, 10:53:25 AM

How many "experts" here saying that they would believe only if coins are moved from the genesis block. You should know, since the level of expertise you have, that those coins, by default, cannot be moved. Try another one..

Again - those funds (sent to that address) *other than the coinbase* actually *can be moved*.

And owning the private key to the genesis block would be far more convincing than moving funds from say block 700.

Also - he doesn't need to move funds but simply provide a signature (the very thing he failed to do with his last stunt which simply was a copy and paste of Satoshi's signature taken from the public blockchain).

kik1977

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How many "experts" here saying that they would believe only if coins are moved from the genesis block. You should know, since the level of expertise you have, that those coins, by default, cannot be moved. Try another one..

CIYAM

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Quote from: Hazir on May 03, 2016, 10:45:23 AM

But is is actually possible to send BTC FROM it, it is technically possible? Or Isn't it one way ticket?

You perhaps missed my previous post - but it is technically possible to move the funds other than the coinbase (i.e. the initial 50 BTC cannot be spent).

spartak_t

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https://www.reddit.com/r/Bitcoin/comments/1nc13r/the_first_50btc_block_reward_cant_be_spend_why/

BTCLovingDude

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i hope he doesn't move any coins from the early blocks, i am not yet convinced he is telling the truth but if there is 1% chance that he is satoshi i think moving the coins is stupid and he should only sign a message from the address, that is enough. moving those coins might create mass panic.

spazzdla

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The ONLY thing this will prove to me is he has somehow gotten ahold of the keys.

As far as I am concerned no one is Satoshi and everyone is Satoshi.

Hazir

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Quote from: ?? on ??

Quote from: Hazir on May 03, 2016, 10:39:51 AM

I have one question - I thought that bitcoin in genesis block are frozen permanently and cannot be moved from it, ever?
Can someone explain to me technicalities behind it, because I maybe mixed something up here.

Well people continuously send coins there (the same as tossing a coin in the fountain i presume) I wasn't aware it was a burn address in any sense of the sort though.

I know that they are sending BTC there, but it exactly as you said it is something like a tossing a coin in a fountain or a token of appreciation for invention of blockchain and bitcoin, a memento in blockchain.
But is is actually possible to send BTC FROM it, it is technically possible? Or Isn't it one way ticket?

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Quote from: ?? on ??

Essentially, something is going on where we wants people to believe he is Satoshi, a lot think its a solvency thing and Gavin is willing to back him up on his satoshi claim as having satoshi be a supporter of your fork is a huge thing.

This makes sense indeed. It's the best theory for now imho.

Quote from: chopstick on May 03, 2016, 10:32:20 AM

After watching how toxic this community has become... I wouldn't want to prove I was satoshi either.

If Satoshi would have wanted to come into light, he could have done it better and long ago.
But Satoshi is a smart person, he knows that he lost his private keys long ago and he has no chance to prove himself, so he just stays low.

Also, you are right. Bitcoin community is not very nice. It may be the hunger for money that makes the people worse.

spartak_t

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Let us assume that the "genesis" block is actually #1. I also know that the real genesis block is unspendable.

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Quote from: Hazir on May 03, 2016, 10:39:51 AM

I have one question - I thought that bitcoin in genesis block are frozen permanently and cannot be moved from it, ever?
Can someone explain to me technicalities behind it, because I maybe mixed something up here.

He can sign using the Genesis block keys, but not move the coins. That's my understanding.

I know people say "anyone" could have mined early bitcoin blocks. But if they started out at the 10 minutes/block average, there would be ~144 blocks/day. Just how many people were involved in the very first days of bitcoin, and did Satoshi share the details to anyone so they could join in mining right at 0 hour? Could we look at hashrate/difficulty data on those initial blocks to judge if there was more than one computer mining? I mean, if there was no change in difficulty for the first "X" blocks, that to my mind would indicate Satoshi was mining alone at that point.

CIYAM

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Quote from: Hazir on May 03, 2016, 10:39:51 AM

I have one question - I thought that bitcoin in genesis block are frozen permanently and cannot be moved from it, ever?
Can someone explain to me technicalities behind it, because I maybe mixed something up here.

Actually I am pretty sure that it is only the "coinbase" amount (the initial 50 BTC) that can't be spent (due to a glitch in the software).

Later amounts that were sent to it (and there have been quite a lot of those) actually can be spent (so if he really owns the private key to the genesis block then he should prove it by moving some of those amounts).

Hazir

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I have one question - I thought that bitcoin in genesis block are frozen permanently and cannot be moved from it, ever?
Can someone explain to me technicalities behind it, because I maybe mixed something up here.

spartak_t

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Quote from: chopstick on May 03, 2016, 10:32:20 AM

After watching how toxic this community has become... I wouldn't want to prove I was satoshi either.

If you actually listen to the man he says he had no choice in the matter, it was basically decided for him because of hackers revealing his information, issues with the Australian tax office, etc.

People want to think that satoshi was some perfect human being in every way. Not true, we're all imperfect humans. I think Craig fits the bill in some ways, but he could still be proven a fraud. The ball is firmly in his court. The problem is even if he does provide amazing proof most people here still won't believe it. Like I said, toxic community.

The question imho is not if he is Satoshi, the question is what if he is indeed Satoshi. I believe that we all are going to have problems if Wright proves that he is the father of Bitcoin, just because he is imperfect human like us...

Wendigo

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Wait could Craig Wright have really bought private keys for the lower number blocks from miners? I think if he wants to be taken seriously he needs to move coins from the Genesis block. All I have seen from him so far are just cheap tricks which could only work on laymen like the BBC journalists.

chopstick

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After watching how toxic this community has become... I wouldn't want to prove I was satoshi either.

If you actually listen to the man he says he had no choice in the matter, it was basically decided for him because of hackers revealing his information, issues with the Australian tax office, etc.

People want to think that satoshi was some perfect human being in every way. Not true, we're all imperfect humans. I think Craig fits the bill in some ways, but he could still be proven a fraud. The ball is firmly in his court. The problem is even if he does provide amazing proof most people here still won't believe it. Like I said, toxic community.

Topic: Craig Wright to move coins from an early (associated with the genesis?!) block? - page 5. (Read 5035 times)