Topic: satoshi addresses - page 2. (Read 2344 times)
Is it true that if he tries to sells all his bitcoins the price will crash because there will be an influx of coins on the market?
We can only guess which addresses belong to him but you can't be 100% sure.
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Side question, what is the ultimate goal?
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Side question, what is the ultimate goal?
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Well, according to the original Bitcoin Whitepaper, it appears that the goal is:
So then the first blocks would never move, since they can't be redeemed. But then how do people arrive at the conclusion that Satoshi would have access to any of the early bitcoins? Maybe he just created it and never mined at all.
The bitcoins generated in the block reward from the very first block (the genesis block) are not spendable. This is either due to a bug in the original reference client or was an intentional decision made by Satoshi. It isn't clear whether it was a mistake or not. It is known that these bitcoins are not spendable because those of us that are capable of reading and understanding the software can tell.
Note that this exception only applies to the block reward. Any other bitcoins that are sent to that same public key are still spendable.
I'm a bit confused. How was the first block mined? Isn't mining the process of confirming transactions?
No.
Mining is the process of creating a block header that results in a double-sha256 hash value that is lower than the current difficulty target. If the solo miner (or mining pool operator) chooses to include any transactions in the block before they build the header, then those transactions are considered to have their first confirmation if the miner succeeds in finding a valid header.
Therefore, if there's no transactions, there can't be a way to mine. So how did the first one come into existence?
Every block always has at least 1 transaction. This transaction is typically called the "generation" transaction (or "coinbase" transaction) and is the transaction that the solo miner (or mining pool) uses to pay the block reward.
Well, it seems a fairly obvious thing to avoid if you're wanting to remain anonymous. That would be the first place anybody who's trying to figure out who Satoshi is would look (and keep and eye on). Side question, what is the ultimate goal? Or is the goal just for bitcoin to survive?
The goal is different depending on who you ask.
The original experiment/goal (IMO) is not to force it to survive, but to see if it can/will survive on its own.
Well, it seems a fairly obvious thing to avoid if you're wanting to remain anonymous. That would be the first place anybody who's trying to figure out who Satoshi is would look (and keep and eye on). Side question, what is the ultimate goal? Or is the goal just for bitcoin to survive?
So then the first blocks would never move, since they can't be redeemed. But then how do people arrive at the conclusion that Satoshi would have access to any of the early bitcoins? Maybe he just created it and never mined at all.
No, only the first block ("genesis block") is programmed as unspendable, all others can be used.
It is assumed that many blocks after the first was solo mined by Satoshi up to a point.
It is assumed that as many as 10 different people downloaded the program and actually mined early blocks with Satoshi.
It is assumed that Satoshi amassed as much as an estimated 1,000,000 bitcoins.
It is assumed that these "Satoshi mined bitcoins" will never move, due to the potential to destroy the experiment/goal.
So then the first blocks would never move, since they can't be redeemed. But then how do people arrive at the conclusion that Satoshi would have access to any of the early bitcoins? Maybe he just created it and never mined at all.
*block.
Why would one not support the thing they created. The odds that satoshi did not attempt to solve hashes are 1 and 1.7 X 10 ^ 77
So then the first blocks would never move, since they can't be redeemed. But then how do people arrive at the conclusion that Satoshi would have access to any of the early bitcoins? Maybe he just created it and never mined at all.
I'm a bit confused. How was the first block mined? Isn't mining the process of confirming transactions? Therefore, if there's no transactions, there can't be a way to mine. So how did the first one come into existence?
The first block basically was set to not payout it had to be. what else would you expect....
I'm a bit confused. How was the first block mined? Isn't mining the process of confirming transactions? Therefore, if there's no transactions, there can't be a way to mine. So how did the first one come into existence?
The first block was not actually "mined".
The 50btc associated with the "genesis block" is non-spendable.
Satoshi "found" the first block, but couldn't collect the first 50btc "from" it.
You do not need to add "transactions for confirmation" when you "find" a block, it is customary though. (Some miners do not, sometimes.)
"Mining" is the combination of "finding the nonce" and then , if you wish, adding "pending transactions" into a block.
At one time, Miners were called "generators", I believe. The name "Miners" came years later.
If you check this post of satoshi: https://bitcointalksearch.org/topic/m.249
You can see there were only ~10 miners till mid 2010.
So most of the first blocks were found buy him. But you can't be sure.
You can be sure only for the first block.
You can see there were only ~10 miners till mid 2010.
So most of the first blocks were found buy him. But you can't be sure.
You can be sure only for the first block.
I'm a bit confused. How was the first block mined? Isn't mining the process of confirming transactions? Therefore, if there's no transactions, there can't be a way to mine. So how did the first one come into existence?
Who watches his addresses??? How will we know when if/when any are moved?
I bet there are thousands of people that watch his addresses and they would know in a matter of minutes if coins are being moved!
You have services that send you emails when coins are moved from certain addresses. Even you can make an alert with Satoshi's addresses and be one of the first to know when and if ever he is to move any of his coins!
I'm sure that this address which hold the first mined block reward is belong to satoshi 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
But as there is no spent transaction on it , you can not track it
But as there is no spent transaction on it , you can not track it
If you look at alot of the early addresses none of them have any movement at all they still have the orignially generated coins siting at the address. so either the owner of the dosnt need them, has forgotten the priv keys or is dead........
i havnt checked them all but it seems that even right up to block 200 the bitcoin is all still siting in the receiving wallets untouched.
i havnt checked them all but it seems that even right up to block 200 the bitcoin is all still siting in the receiving wallets untouched.
Who watches his addresses??? How will we know when if/when any are moved?
in january 2009, day one of bitcoin. there was satoshi, hal finney and atleast 1 other person mining. so even if funds from day 1 moved. its still only atmost 33% chance it was satoshi.
under 33% proves nothing
withing days weeks more people mined. so the odds of an address mined on those days becomes less and less.
by december 2009 the odds were well under 5% that an address holding funds mined in december belonged to satoshi
are you sure, i was aware that at the beginning there was only satoshi, then a bunch of other joined in 2010, especially in the summer
but i doubt int he first day of mining there was another one besides satoshi
I'm sure he knows what addresses of his are being watched. If he moves anything from those accounts, there will likely be a very good reason other than him needing money. He could very well have some from later mining that no one knows belong to him.
Who watches his addresses??? How will we know when if/when any are moved?
You don't need to watch them, you'll know when the market reacts.
It's none of our business.
That doesn't make the question invalid.
It's out there, it's a point of interest, people are going to ask these questions.
Who watches his addresses??? How will we know when if/when any are moved?
in january 2009, day one of bitcoin. there was satoshi, hal finney and atleast 1 other person mining. so even if funds from day 1 moved. its still only atmost 33% chance it was satoshi.
under 33% proves nothing
withing days weeks more people mined. so the odds of an address mined on those days becomes less and less.
by december 2009 the odds were well under 5% that an address holding funds mined in december belonged to satoshi
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