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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5301. (Read 26735442 times)

legendary
Activity: 1512
Merit: 7340
Farewell, Leo
He started out mining to a single address but I believe later he started going with a new address for each block.
Satoshi never reused any of his known addresses. Each time he solved a block, he used a different address.
legendary
Activity: 2688
Merit: 2399
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Here's a thought experiment: Satoshi CPU mined coins in the first couple of years. Knowing that everything is visible on chain, and knowing so obviously that no one else was mining within the first few months, he know that all those blocks could be associated with him until there were enough other people mining blocks.

He continues mining, but as soon as there are others, he slowly moves some of those later mined coins to other addresses and keeps doing so every few months, leaving the entire first year (except the one he sent to Hal) untouched.

The early coins never move. The coins after a certain block or date have been moving every year since. ... 1m coins do not move. 100k or 10k move (around the same time or after the first pizza was bought) ... they keep moving once a year or so ... 1k is cashed out some time between then and now, the remaining 99k or 9k is still out there looking like everyone else.


Or it's quite possible none of the coins move at all too. Who really knows?

Yep. I'm sure, smart as he is/was, some of the implications were not immediately clear. He started out mining to a single address but I believe later he started going with a new address for each block. Certainly it's quite likely he has more than enough play money so it may not be possible to read anything into those early coins not moving.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
If none of you understood that the earth isn't flat, shouldn't I try to at least convince you that it's not?

Wait, the world isn't flat? Please explain. Smiley
full member
Activity: 291
Merit: 232
All the talk and of coins and their era, can we do the next poll as where do most of your coins come from

legendary
Activity: 2688
Merit: 2399
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
There are the "zero" addresses, formed from a private key with all zeroes.
There is no private key equal with zero, because that would be outside the secp256k1 range. If by “zero” address you mean the one that has its RIPEMD-160 zero (1111111111111111111114oLvT2), then it has the same chances of having 296 valid private keys. The fact that no one knows it doesn't mean that it doesn't exist.

Your definition of the word impossible may differ from mine.
I never said that word.

This address is unspendable. And this time I mean it in the correct sense of the word. It's a hash from zeroes. You can see coins sent to it, but never spent.
No, it's not the correct sense of the word. Read what you quoted:
Yeah, but if none of us (ok I may well be exaggerating a wee bit) understand the significance, then did you really say anything?
Do you really consider this a valid argument? If none of you understood that the earth isn't flat, shouldn't I try to at least convince you that it's not?
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr

There's more than 2000 BTC in the Counterparty address, more than $60m USD. It's never going to move.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Maybe Satoshi doesn't care about material wealth. Maybe for him it's all about contributing to the world. Maybe he has decided to "burn" those million coins, as a donation to all of us. You may think such things never happen, but they do.
What will happen if he really burnt the BTC under his ownership?  Roll Eyes
Just asking for a friend.

The world would go into a full fledged hunt for him and he would never have a minute of peace because people are pieces of shit.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
There are also known addresses with no private keys.

There are no addresses with no private keys.

Better formulation:  It hasn't been proved that there's an address that has no private keys. On average, each one has 296 different keys.

There are the "zero" addresses, formed from a private key with all zeroes. This is often seen in altcoins / shitcoins where they publicly burn coins.

There are also the vanity looking addresses such as 1BitcoinEater: https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE

It's never sent any coins, always just received them. Very unlikely anyone has the private key to that address, or might even be possibly no such private key can map to it. We do not know for sure, as like you said, it can not be proven. However, it is my opinion that the chances of anyone ever able to spend from that particular address is close to zero. Maybe 0.000000001% or something. Yes, there is a chance.

As far as I am concerned, it's impossible. Your definition of the word impossible may differ from mine. Normal usage of the word is usually hyperbole, but the meaning and intent is clear. It is impossible. Won't stop you from trying, but I'm sure you or anyone else will fail.

31h1vYVSYuKP6AhS86fbRdMw9XHieotbST
https://www.blockchain.com/btc/address/31h1vYVSYuKP6AhS86fbRdMw9XHieotbST

This address is unspendable. And this time I mean it in the correct sense of the word. It's a hash from zeroes. You can see coins sent to it, but never spent.

Quote
   Since addresses are encoded hashes, start with a hash, of which it would be nearly impossible to find the pre-image, e.g. assume a script hash of 0000000000000000000000000000000000000000. Encode that into a valid address:

bs58 -c 050000000000000000000000000000000000000000
31h1vYVSYuKP6AhS86fbRdMw9XHieotbST

Here is another address: 1CounterpartyXXXXXXXXXXXXXXXUWLpVr

Feel free to try and find out the private key to that one, as no one knows it. It was generated without knowing the private key, just an address. My use of the word impossible for this one just means very highly improbable.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Mmkay, firing another 1000€ purchase. I can do this for a long long time, you crazy traders  Grin




Cheesy Cheesy Cheesy
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Not every peep in this thread recognizes and understands math an sciences

I've recognized the Wall Observer before, but I didn't become mean. I just corrected his wording for the common good.

Yeah, but if none of us (ok I may well be exaggerating a wee bit) understand the significance, then did you really say anything?


 Cheesy Cheesy Cheesy Cheesy Cheesy
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
Not every peep in this thread recognizes and understands math an sciences

I've recognized the Wall Observer before, but I didn't become mean. I just corrected his wording for the common good.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
There are also known addresses with no private keys.

There are no addresses with no private keys.

Better formulation:  It hasn't been proved that there's an address that has no private keys. On average, each one has 296 different keys.

Not every peep in this thread recognizes and understands math an sciences, so each of you might need to 'splain ur lil selfies (referring to both of you, Dabs and BlackHatCoiner) a wee bit MOAR better, especially when you are devolving (or would it be evolving) into seemingly conclusory (and conclusive) math/science explanations.. as if showing a math formula were to serve as some kind of significant, meaningful and/or convincing proof of some kind of underlying truth to a vast majority of thread participant (can I say us?) normies...

Maybe Satoshi doesn't care about material wealth. Maybe for him it's all about contributing to the world. Maybe he has decided to "burn" those million coins, as a donation to all of us. You may think such things never happen, but they do.
Satoshi probably knows that now that Bitcoin is established moving those coins or taking them out for whatever expenses he has could put Bitcoin in jeopardy. Think about it they have not been touched for a while and then suddenly they move people would panic sell. Satoshi's coins right now are acting as a gift to the rest of the Bitcoin network making our coins more valuable in the long run.  

Stop spreading nonsense... If satoshi wants to spend some or all of his bitcoin, he can do it.. bitcoin gives no shits, even if there might be a price dip or whatever.. bitcoin is not going to die based on a million coins becoming liquid, if that were the case and even if they are all put on the market at once.. no one cares, even if the price drops.. who cares.. consider what is probable and what is likely and even think about how much nonsense even exists speculating that one entity (satoshi supposedly) would even want to put a million coins on the market at once or even in large chunks.... bitcoin is beyond satoshi by now, even in the event that satoshi either still lives and/or still were to have abilities to move or spend the coins that he mined.
legendary
Activity: 1974
Merit: 2124
Bank of America approves trading for Bitcoin
I really feel witty about these cases and how does these banks change their statements witnessing growing demand for bitcoin among their clients.

Quote
Nearly 3 in 4 professional investors in Bank of America survey see bitcoin as a bubble.Some 74% of those who responded to the Bank of America Fund Manager Survey for April said they see bitcoin as a bubble.

Buying btc is like owing 60 cars

And we probably have a thread for this one on the forum.But see how time flies from bitcoin is scam to we accept or offer btc services,bitcoin has came a long way.
legendary
Activity: 2450
Merit: 2089
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 334
Merit: 275
Maybe Satoshi doesn't care about material wealth. Maybe for him it's all about contributing to the world. Maybe he has decided to "burn" those million coins, as a donation to all of us. You may think such things never happen, but they do.
Satoshi probably knows that now that Bitcoin is established moving those coins or taking them out for whatever expenses he has could put Bitcoin in jeopardy. Think about it they have not been touched for a while and then suddenly they move people would panic sell. Satoshi's coins right now are acting as a gift to the rest of the Bitcoin network making our coins more valuable in the long run. 
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
There are also known addresses with no private keys.

There are no addresses with no private keys.

Better formulation:  It hasn't been proved that there's an address that has no private keys. On average, each one has 296 different keys.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Beanie Baby Bitcoin going full tulips in the coming 18 months. Anybody still hodling or did you take Billy’s advice & dump those bags? The only use for your digital tokens is pedophile material & drugs online. Don’t get left holding your bags. Bitcoin going to $0.

weeeeeee

Is that you jonoiv?

Holy cow.. that could be something close to jonoiv... but not even jonoiv was so dumb as to proclaim that bitcoin is going to zero.. so Billy no coiner is surely a higher level diptwat than even jonoiv.

A reminder of jonoiv's most recent level of dumb.

Jonoiv sold all of his BTC (not that it was very much to even speak about.. which is another level of dumb) pretty damned much in the sub $6k territory in around May 2019, so his then investment thesis was that bitcoin would drop to $2k or some dumb shit like that.. gosh I feel stupid even reiterating his level of dumb.

So yeah, he was here in the thread cheering for down and cheering for down, and he was having such a hard time of even the price getting below $6k .. which surely there was some potential of getting close in late 2019 when BTC cropped again into the lower $7ks and upper $6ks, and sure we were not hearing too much from jonoiv by then.. and one would have thought that at some point he would have bought back in, even if at a loss... but then jonoiv got even more lucky with the March 2020 liquidity event, and he even chimed in on the thread to acknowledge that he had seen the BTC price drop to $3,850 but he was still waiting for sub $2k or some nonsense like that... so there is a kind of lack of conviction from some of these people in regards to the underlying asset (referring to bitcoin), and they cannot even recognize a gift of a buying opportunity when presented with such gift....

So even if any of us were trying to play the BIG swings, we might have luck once in a while, but seems that a lot of bitcoin naysayers (and those waiting for lower prices) get locked out forever when the wait for prices that either do not happen or they are not ready to buy when they have a short-lived opportunity... hopefully, on a personal level, those kinds of dweebs are not as dumb as their words, and sure they might at least be buying BTC while they are paid to say such nonsense.. that not even the most retarded of retards should be taken seriously (in terms of considering how to consider bitcoin as an investment or various investment strategies to employ such as dollar cost averaging or other reasonable/prudent bitcoin investment strategies), especially after studying the bitcoin space for a while.. and sure there are some of those out there..

Take that dweeb Jorge Stolfi, for example,.. he might even believe his own ongoing nonsense bitcoin naysaying pronouncements.. not sure that a computer science professor could be so dumb, but whatever.. that's part of the reason that we need to have some skepticism that smart people say some dumb things sometimes.. and could just be that they are trying to defend the interests of funding sources that want to hire smart people to make their dumb points because smart people do have better abilities to convince the innocent masses.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
- PayPal jacks BTC purchase limits

Can you withdraw your PayPal BTC to your own wallet? Can you send to any other bitcoin address?

*edit* it would seem like you can, but want to confirm from anyone here who has actually used or uses PayPal.
legendary
Activity: 4382
Merit: 9330
'The right to privacy matters'
Beanie Baby Bitcoin going full tulips in the coming 18 months. Anybody still hodling or did you take Billy’s advice & dump those bags? The only use for your digital tokens is pedophile material & drugs online. Don’t get left holding your bags. Bitcoin going to $0.

weeeeeee

I just setup a 201 usd dca purchase on the 1st and 15th of the month.  Thank you for your advice.

to all 1btc = 1btc


https://www.blockchain.com/btc/address/12M8G8N48u1DqFqFUVh7N2axGFWSLh16Pk
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