Satoshi

Researcher Finds an Old Twitter Profile May Have Been Satoshi Nakamoto’s Account

22/02/2021 by Idelto Editor

On February 22, 2021, an author published a post on substack.com about an anonymous Twitter account that may have belonged to the mysterious Satoshi Nakamoto. The researcher discovered a Twitter account dubbed ‘Goldlover,’ and found some interesting coincidences with the account’s tweets and Bitcoin’s creator.

The Curious Goldlover Tweets

An author called Varun published an interesting analysis of a specific Twitter account that may or may not belong to Bitcoin’s creator. Varun said in his research analysis that he stumbled upon the Twitter account called ‘Goldlover,’ and noticed that the account was quite “chatty” for a period of time.

Running bitcoin

— halfin (@halfin) January 11, 2009

The researcher also said that Satoshi Nakamoto was the same way up until the inventor left the community for good. The Goldlover account (@fafcffacfff) was created in May 2008 and Varun says that a script was written. The Goldlover tweets mentioned gold quite often, and Varun’s findings suggest that the ‘gold’ terminology may be in reference to “Bit Gold.”

“The Wall of Interesting Tweets” compiled in Varun’s blog post. (Image credit: Varun – offthetrack.substack.com)

“On September 17th, 2008, this account made a reference to Digital Gold Currency,” Varun’s post highlights. “In between an incredible amount of nonsensical tweets about gold, sometimes there would be tweets which referenced decentralization, financial crisis, people losing their homes, fiat currency, criticism of the Federal Reserve,” Varun says. “These are all hallmarks of talking points used by Satoshi in his emails and forum posts which are well known, post-Bitcoin announcement.”

For instance, on December 19, 2008, Goldlover said:

The Great Stock Panic of 2008 was so mercilessly brutal that no sector escaped its ravages.

What is also quite interesting is that no other Twitter accounts back in January 2009, except for Hal Finney, tweeted about Bitcoin. “Based on all of this, this is good enough for me to feel quite confident that this indeed was Satoshi’s original anonymous Twitter account,” Varun notes.

On January 11, 2009, Hal Finney tweeted about the crypto asset and not too long after that Goldlover wrote: “From: Satoshi Nakamoto – 2009-01-11 22:32 Bitcoin v0.1.2 is now available for d.”

The very same day on January 29, 2009, Goldlover also said:

It’s completely decentralized with no server or trusted parties.

Exploring the Limitless Depths of Satoshi’s Mind

Ever since Varun published his post about the alleged Satoshi Nakamoto Twitter account, people have been interacting with Goldlover’s 12-year-old tweets.

“Thanks for changing the world Satoshi,” an individual wrote on Monday.

If you know where there are oranges in the sky in Winter Garden, you are on the right track for locating a treasure box.

— GoldLover (@fafcffacfff) February 11, 2009

“Feeling sufficiently anonymous with this cryptic account run since May 2008, this might have been a slip to now start linking up and showing up as the 2nd tweet ever to mention Bitcoin,” Varun’s substack.com blog post states. “If Hal was Satoshi, then why continue tweeting from this unknown account, which barely had any followers?” Varun asks. The researcher said that he could have slept in every Saturday morning, but this Twitter account had him on the hunt for Nakamoto.

The report concludes:

Having concluded this was Satoshi – we don’t know who, the rest of the tweets now provide an insight into his mindset, and each tweet here needs to be branched out and explored in limitless depths.

At the end of Varun’s theory, he left a mysterious tweet from Goldlover which talks about a treasure box with oranges in the sky.

“If you know where there are oranges in the sky in Winter Garden, you are on the right track for locating a treasure box,” Goldlover tweeted.

Just recently, a group of armchair sleuths have been on the hunt for Satoshi’s stash of bitcoins, because they believe Nakamoto left the coins to be the greatest treasure hunt ever. Despite the coincidences and the extremely old and cryptic tweets from Goldlover, we don’t know for sure if the Twitter account actually belonged to Satoshi, but today many people are speculating.

What do you think about the Goldlover Twitter account that may belong to Satoshi Nakamoto? Let us know what you think about this subject in the comments section below.

Online Sleuths Believe Satoshi Nakamoto’s Bitcoin Stash Is a Blockchain Treasure Hunt Meant to Be Found

07/02/2021 by Idelto Editor

Over the last twelve years, the cryptocurrency community has always been intrigued by Bitcoin’s inventor Satoshi Nakamoto. For over a decade, armchair sleuths and journalists have tried to uncover the creator’s identity and information on the whereabouts of all the bitcoins the enigma mined when the network was still in its infancy. Now a few individuals believe Satoshi’s coins may be the greatest prize competition ever and the private keys are somehow hidden within the blockchain.

Maybe Satoshi Nakamoto Left a Message?

Just recently, some members of the forum bitcointalk.org have been discussing a new theory surrounding the infamous Satoshi Nakamoto. For years now, the hunt for Nakamoto has been quite the quest and so far, no one has been able to uncover the creator’s identity or find the inventor’s stash of BTC.

It is well known that Nakamoto mined bitcoin and it is estimated that the cryptocurrency creator may have acquired roughly 750,000 BTC to 1.1 million BTC. News.Bitcoin.com has written about Satoshi’s stash on a myriad of occasions including on April 17, 2019. In that particular article, it was reported that RSK Labs chief scientist, Sergio Demián Lerner, had published a new report concerning Satoshi’s alleged holdings.

The RSK chief scientist has uncovered a lot in regard to the thousands of blocks Satoshi may have mined. Lerner also published a blog post in 2013 called “A new mystery about Satoshi hidden in the Bitcoin block-chain,” which discusses an interesting nonce field found in the blocks he called the ‘Patoshi’ pattern.

Basically a “nonce” or “number only used once” in Bitcoin terminology is a 32-bit (4-byte) field or a non-repeating value that is included in a mined block. When miners mine bitcoin blocks the goal is to find a hash below or equal to the network’s current target. Lerner’s mystery talks about the distribution of the nonce’s least significant byte (LSB).

What Lerner had found was that the LSB in Satoshi’s alleged blocks were not distributed uniformly and the researcher’s blockchain analysis came to a few conclusions.

At first, he thought that it could be his blockchain parser not working correctly. Or it could mean that Satoshi was mining bitcoins with something “very different from a PC,” Lerner said. “But f this is true, then it has far-reaching consequences: Satoshi foresaw the advantage of FPGA/ASIC much sooner than everybody else,” the researcher added.

Then Lerner thought of a third reason, and that it could mean Satoshi discovered a flaw in SHA-2. But the RSK chief scientist said that “this is highly improbable.” But lastly, Lerner thought that maybe Satoshi left a message fingerprinted in the nonces.

“A Message for us to see in a distant future,” Lerner wrote at the time. “The number of nonces that fall into each byte value or histogram,” he added.

Armchair Detectives Hope to Solve the ‘Greatest Prize Competition’

This mystery has led the group of theorists over at bitcointalk.org to believe that maybe Satoshi’s early mined coins are actually an extremely valuable treasure hunt. A forum account dubbed ‘Old gold digger’ believes that the existence of so many distinguishers says that whoever mined these bitcoin blocks “wanted his/her blocks to be identified.”

There have been others who have alluded to this theory in the past on the forum. “Satoshi left a message fingerprinted in the nonces,” Old gold digger wrote. “A Message for us to see in a distant future.”

The individual added:

Maybe Satoshi created the greatest prize competition and the private keys are somehow within the blockchain.

There are many others who have been interested in Old gold digger’s theory and a number of people have responded to the forum thread.

“This reminds me of the ‘Ready player one’ plot presented in the first book, where Haliday is the equivalent of Satoshi now,” an individual said in response to the post. “If indeed there is an encrypted treasure hidden that would be exciting,” he added. Meanwhile, others left a few links to possible clues about the possibility that a message was fingerprinted in the nonces.

“Would love to know the answer,” Old gold digger said in the thread. “Do you think it’s a bit odd that he used a proprietary Base58 for the address encoding and just happens that you’re seeing the spike between values 0-57?” he asked others. “I know it’s probably just coincidence but it would be amazing if there was a secret message in the LSB to explain this,” Old gold digger emphasized.

Moreover, back in June 2019, an account called ‘Threadsupport’ published an open letter to Satoshi asking the inventor straight up if there was “a bitcoin prize competition.”

“We think that you have created a bitcoin prize competition and that the private keys are somehow within the blockchain,” Threadsupport wrote at the time. “We are trying to solve it and will move the rewarding coins. If you want to add something to that statement, please don’t hesitate,” the forum user added. Further, if Nakamoto actually did mine 1 million BTC, then all the coins could be located in 20,000 separate addresses with 50 coins each.

‘Lost Coins Only Make Everyone Else’s Coins Worth Slightly More- Think of It as a Donation to Everyone’

There have always been discussions about the fact that someday, Satoshi Nakamoto could end up being the richest person in the world. But that’s assuming the inventor is keeping them all to himself/herself and the creator will always be in possession of these coins. As the armchair sleuths on bitcointalk.org have been discussing, it is possible they were left for us to find.

The sleuths have also alluded to an article dubbed “The Mysterious 19,” which leverages Lerner’s ‘Patoshi pattern,’ but also said Lerner’s “second finding about the anomaly in the Least-Significant-Byte (LSB) of the nonce field of block headers really got his attention.”

The author of the research adds:

So maybe this weird behavior of LSB value of 19 is telling me to start looking at this whole thing in a different way.

Lastly, the online detectives also discussed Satoshi’s famous lost coins quote: “Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.” Maybe, Satoshi wasn’t talking about coins lost over time, but the creator’s stash hidden inside the blockchain via text or a myriad of messages.

“Whoever is able to solve it, is the chosen person that Satoshi expects to succeed,” an individual wrote in the bitcointalk.org conversation. “It’s like a place to determine Satoshi’s legacy for us in the future. Is this a contest? A pirate treasure?” he asked.

What do you think about the possibility that Satoshi Nakamoto’s bitcoins could be a prize or a treasure hunt to find? Let us know what you think about this subject in the comments section below.

Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System

19/01/2021 by Idelto Editor

While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen Diehl expressed his dissatisfaction over the environmental cost of bitcoin. However, cryptocurrency supporters believe Diehl failed to mention the amount of renewable energy used by a great number of mining facilities, alongside the insurmountable cost to operate today’s banking system.

Bitcoin’s Waste of Energy Argument Is a Fool’s Errand

The latest hot topic within the cryptocurrency industry is the topic of Bitcoin’s proof-of-work (PoW) energy consumption, and whether or not the consumption is efficient. The conversation was sparked by a number of articles published during the last year, alongside software engineer Stephen Diehl’s recent critique of the network’s power consumption.

Besides the fact that Diehl considers the crypto asset to be “a giant smoldering Chernobyl,” he also said that “bitcoin economics [is] a pyramid-shaped investment scheme backed by the collective delusion that value can [be] created out of nothing by convincing greater fools to buy it after you do.”

Diehl’s criticism toward Bitcoin’s energy consumption is filled with obvious fallacies, but he also doesn’t realize how Satoshi’s cryptocurrency network is more energy-efficient than most think. Diehl and many others, also fail to recognize the cost to maintain today’s banking system, which consists of a great number of terawatts dedicated to servers, branches, and automated teller machines.

1/ Bitcoin’s energy consumption is not “wasteful.”

– It is much more efficient than existing financial systems
– No one has the moral authority to tell you what is a good or bad use of energy (ex: watching the Kardashians)

Let’s debunk this FUD👇

— Dan Held (@danheld) January 18, 2021

Bitcoin Electricity Consumption Index Discrepancies

Most of the consumption data stemming from the BTC network is derived from the Cambridge Bitcoin Electricity Consumption Index (CBECI). Interestingly enough analysts and mainstream media reporters also reference the digiconomist.net bitcoin energy consumption index as well. Unfortunately, both CBECI and digiconomist.net’s annualized consumption of terawatt per hour (TWh) data has a very large discrepancy.

The digiconomist.net stats show the BTC network captures 77.78 TWh, while CBECI indicates the network is 111.08 TWh. That is a huge variance (44% difference) when attempting to estimate the data consumption of the crypto asset’s network. Yet, these are the most leveraged sources used by bitcoin naysayers who say BTC’s electrical consumption is a ‘waste’ without any shame.

Further, we don’t even know how accurate the CBECI data is because a team member from the Cambridge Centre for Alternative Finance (CCAF) recently explained to news.Bitcoin.com that the CBECI map is not up-to-date and will be updated in 2021. This has led to numerous reports stating that China captures 65% of the Bitcoin mining hashrate, which may be entirely inaccurate. In July 2020, a hashrate report written by Bitooda said China was steadily losing its concentration of bitcoin hashpower and the country dropped to 50%.

It is far more likely, that CBECI’s theoretical lower bound estimate for the BTC network’s energy consumption is more accurate. This theoretical lower bound estimate is around 4.6 gigawatts or 39.3 TWh annualized on January 19, 2021. Moreover, there are countless rebuttals and data points that show people complaining about Bitcoin’s energy consumption are overreacting.

we had the exact same debates about the perceived ‘costliness’ of the gold standard

I would direct the energy crew to go read those rebuttals instead of boring us with 100 yr-old arguments

— nic carter (@nic__carter) January 18, 2021

Studies Show Over 75% of Cryptocurrency Miners Leverage Renewable Energy Sources

For instance, the anti-bitcoin environmentalists do not weigh the fact that much of the PoW mining industry uses renewable energy sources like hydropower, wind, solar, and geothermal energy. There are a number of reports that show over 70% of crypto miners use a mix of renewable energy to power facilities across the world. There is also abundant efforts dedicated to energy cogeneration as well.

The 2020 third Global Cryptoasset Benchmarking Study by the University of Cambridge also indicates that 76% of digital currency miners use renewable power sources. Backing up this data is a report from Deutsche Bank Research, the Chinese National Energy Agency, Morgan Stanley, and Coinshares. The report from these four organizations highlights that “78% of Bitcoin’s electricity usage is from renewables.”

There are countless reminders and real-world examples of bitcoin miners using a far more efficient means of electric use than all of the financial systems on the planet. Two years ago, Bill Tai, an investor and board director of Bitfury, detailed that Satoshi is smiling because of the green energy use bitcoin miners use today.

“It’s been clear to me for years now, that mining of Bitcoin and other ‘proof-of-work’ based cryptocurrencies are driving positive change in the underlying infrastructure of energy production — at an accelerating rate,” Tai explained at the time. The investor is also the chairman of Hut8’s board and he said the company has a “policy to ‘be green’ as we build.” Tai detailed that the most efficient sources of electrical power are not fossil fuel-based in order to scale, but the marginal costs of water, solar, and wind-based energy, Tai stressed.

Delivery Trucks, Servers, Branches, ATMs, and the Insurmountable Cost of the Modern Banking System

Then ultimately there’s the cost of the modern banking system, something that bitcoin naysayers never account for when they criticize the crypto’s energy consumption. There is a great number of articles and statistics that indicate the current banking system uses well over 140 TWh a year. In one study, Katrina Kelly-Pitou, a researcher who “studies clean energy technology, specifically the transition toward decarbonized energy systems” says the energy conversation surrounding bitcoin is “oversimplified.”

Furthermore, the researcher stressed that “Bitcoin’s energy consumption isn’t as bad as you think.” Then the Hacker Noon contributor, Carlos Domingo, called the comparison of bitcoin’s electrical usage to Visa’s a complete “fallacy.”

Domingo said:

Stop complaining about Bitcoin and start complaining about Xmas lights.

Despite the Fact That ‘the Cost of Bitcoin Mining Has Never Really Increased,’ Cancel Culture Pundits Want to ‘Criminalize Bitcoin’

This past October, the researchers Yo-Der Song and Tomaso Aste, published a report which highlights that the cost of bitcoin mining “has never really increased.” In the paper, Aste and Song detail that the Bitcoin network consumes a lot of energy, but the researchers still manage to estimate the “lower bound for the global mining energy cost for a period of 10 years from 2010 to 2020.”

“Despite a 10-billion-fold increase in hashing activity and a 10-million-fold increase in total energy consumption, we find the cost relative to the volume of transactions has not increased nor decreased since 2010,” the paper notes.

The researchers add:

This is consistent with the perspective that, in order to keep the Blockchain system secure from double-spending attacks, the proof of work must cost a sizable fraction of the value that can be transferred through the network. We estimate that in the Bitcoin network this fraction is of the order of 1%.

It is clear that the bitcoin mining industry is not as wasteful as the current banking system filled with not only servers, ATMs, and branches, but it is also free of rampant fraud and manipulation as well. Despite this, members of today’s woke crowd and cancel culture want to “criminalize bitcoin,” because it is allegedly “grotesquely damaging to the environment.” As usual, these critics are filled with emotional opinions and weak virtue signals, without a whole lot of facts to back them up.

What do you think about the recent critique toward Bitcoin’s energy consumption? Let us know what you think about this subject in the comments section below.

New Report Studies Satoshi Nakamoto’s Inconsistent British and American Writing Techniques

07/01/2021 by Idelto Editor

On December 31, 2020, a new report was published that studies Satoshi Nakamoto’s writing style, the creator’s use of expressions, and spelling. The new examination shows Satoshi’s spelling and American and British wording indicates it was very inconsistent and littered with misspellings as well. The research suggests the inconsistencies might have been done purposefully and were possibly part of the inventor’s operations security.

A Closer Look at Satoshi Nakamoto’s Spelling and the Inventor’s American and British English Writing Techniques

One of the most intriguing stories in the cryptocurrency space is the mysterious Satoshi Nakamoto, the man, woman, or group that created bitcoin. Over the last 12 years, people have dedicated lots of time toward searching for the Bitcoin inventor’s location, Satoshi’s writing patterns, and the many messages that Satoshi wrote before leaving the community. On the eve of 2021, a study published on the website ungeared.com called “The Strange Story of Satoshi Nakamoto’s Spelling Choices: Part 1,” a study that looks into the Satoshi Nakamoto mystery.

The researchers at ungeared.com scrutinized Satoshi Nakamoto’s writing style, misspellings, and the use of American and British-English expressions found throughout the creator’s many messages. Ungeared.com’s study also discusses how people often talk about Satoshi’s use of British-English and how there’s been a number of stylometry investigations that produced little results. The researcher’s examination also mentions the series of controversial Satoshi videos published by the popular Youtuber “Barely Sociable.”

“We decided to subject Satoshi’s known writings (emails, posts, and the Bitcoin white paper) to a more rigorous statistical analysis,” explained the ungeared.com researchers. “In the first part of this study, we examine his spelling patterns.” The study’s author adds:

Satoshi’s spelling was inconsistent in his choices of American vs. British-English.

The report stresses that the focus on spelling is a “more objective mathematical approach and is also less time-consuming.” So the researchers combed through all of Satoshi’s words and identified a number of interesting instances. “We managed to identify 108 such instances. The breakdown of these 108 occurrences is as follows: American – 52, British – 35 and Misspelled – 21,” the report notes. Ungeared.com’s report continues:

There were also several instances when Satoshi used alternate spelling norms on the same day and sometimes even within the same post or email.

The report found that from the very start Satoshi’s spelling was “inconsistent.” For example, the author notes how the Bitcoin inventor’s white paper has the British spelling “favour.” However, at the end of the paper Satoshi used the American-English term “characterized,” as opposed to writing the British spelling “characterised.”

“There is no apparent pattern to Satoshi’s spelling choices,” the author writes. “Moreover, at times, Satoshi would choose different spelling norms for the same word (or words belonging to the same stem group).”

Were Satoshi’s Inconsistencies Intentional? Or Was Nakamoto a Group of Multiple British and American Team Members?

The study summarized all the instances when Satoshi alternated between differing spelling techniques and found six other days with these instances in addition to the white paper. Ungeared.com’s study highlights the instance when Satoshi chose to use the word “optimization” and the same day he wrote “optimisation.” Additionally, the paper discusses spelling patterns consisting of both American and British during specific days of the week.

“While Mondays, Wednesdays, and Saturdays are dominated by American spelling, Tuesdays, Fridays, and Sundays are split more or less evenly between the two, and finally, and on Thursdays, British English takes hold,” the author states. “Although it is not clear what conclusions can be drawn from this as this could be random too. We can also clearly see that Mondays were by far the busiest days of the week for Satoshi, followed by lazy Tuesdays.”

In addition, the report looks at whether or not the writing could be Canadian and it scrutinizes Satoshi’s use of American terminology as well. The study concludes that Satoshi did not habitually use a spell-checker and the inconsistencies of the inventor’s writings could’ve been done purposefully.

“It is possible that this was part of the plan all along – to throw us off his trail with irregular spelling,” Ungeared.com’s study concludes. “Another is that the Satoshi team consisted of multiple team members who were accustomed to different versions of the English language. Or perhaps, Satoshi was multicultural, someone who has lived in different parts of the English-speaking world – or, for instance, just someone who was born in the U.K. and then has worked as a programmer for a U.S.-centric company. And finally, it is possible that one of the Englishes was part of his operational security but Satoshi was inconsistent.”

Greg Maxwell Asks r/Bitcoin Admins to Remove a Thread About the Satoshi Spelling Study

Another interesting fact about this story, is that moderators from the Reddit forum r/bitcoin decided to remove a post about the study published by ungeared.com. It seems the former Blockstream software developer, Greg Maxwell, known as “nullc” on Reddit, didn’t like the study for some reason. After some debate, Maxwell then asked the moderator dubbed “bashco” to “do something” about the post and the moderators quickly took down the Reddit post on r/bitcoin.

The r/bitcoin moderators have been censoring quite some time, but this report wasn’t anti-bitcoin or pro-big block in any way, the author of the report told news.Bitcoin.com. “They just can’t tolerate any dissent,” he said.

“I think he got frustrated that he couldn’t win an intellectual debate, so he did what they do best – censor, block, and deplatform,” the researcher further told our newsdesk. The author also told news.Bitcoin.com about the next part of the series.

“In the second part of our study, we will apply the ‘Information categorization approach to literary authorship disputes’ developed by Dr. Albert Yang et al to the texts of popular Satoshi candidates to see if it can help identify the man or men who created Bitcoin,” the ungeared.com author said. “Dr. Yang managed to apply it successfully to such distinct cases as the attribution of Chinese 18th-century novels, Shakespearean plays, and the Federalist Papers.”

What do you think about the latest report on Satoshi’s writing and spelling? Let us know what you think about this subject in the comments section below.

The post New Report Studies Satoshi Nakamoto’s Inconsistent British and American Writing Techniques appeared first on Bitcoin News.

10-Year-Old Block Rewards Wake Up: Data Parsers Catch a String of 1,000 ‘Satoshi Era’ Bitcoins from 2010 Spent Today

27/12/2020 by Idelto Editor

On December 27, at around 2 a.m. in the morning (EST), another large string of decade-old sleeping bitcoins was transferred. The miner spent 20 block rewards that were originally mined in 2010, and also spent the corresponding bitcoin cash block rewards as well. The bitcoins moved are worth well over $27 million using today’s exchange rates.

**Update: At approximately 3:10 p.m. (EST) at block height 663,241 another 2010 block reward was spent, making it an aggregate total of 21 decade-old block rewards on December 27, 2020. Most strings of 2010 spent blocks this year have been precisely 21 consecutive blocks.**

This year, the price of bitcoin (BTC) has increased a great deal in value and during the course of the year, decade old bitcoin mining rewards have woken up from slumber. In the cryptocurrency space, old coins that haven’t moved in over a decade are sometimes referred to as ‘Satoshi-era’ coins, ‘sleeping bitcoins,’ or ‘zombie coins.’ Estimates think that there are well over a million zombie coins that haven’t moved in over a decade. On December 18, 2020, onchain researchers from Glassnode tweeted that “1.78 million bitcoins have never left their miner address.”

“That is 9.5% of the circulating bitcoin supply,” the onchain researchers said at the time. “Our analysis shows that 98% of those coins were mined more than 7 years ago, and 94% more than 10 years ago. Most could be lost forever,” the researchers added.

Then on December 27, 2020, after news.Bitcoin.com has reported on numerous strings of old school 2010 coins being spent, another string of at least 20 block rewards from 2010 were transferred. Again, our team caught the action with the help from the onchain parser web portal Btcparser.com.

All of the block rewards from 2010 spent on Sunday morning stemmed from coinbase rewards issued between August and October ten years ago. The rewards from 2010 include approximately 1,000 BTC worth more than $27 million using today’s exchange rates.

In addition to the decade-old BTC spent on Sunday, the miner also spent the corresponding bitcoin cash (BCH) as well. The 1,000 BCH is fetching over $354,000 USD using Sunday’s exchange rates. The old school miner did not move the corresponding units of bitcoinsv (BSV), as the BSV coinbase rewards currently remain in the address.

This has been the case with most of the prior 2010 coinbase block reward strings of spends our newsdesk has caught in 2020, as the corresponding BSV has not been moved at all.

News.Bitcoin.com has caught a lot of old school ‘Satoshi era’ bitcoin spends that saw more than 1,000 BTC spent every time in 2020. One of the most interesting sleeping bitcoin awakenings was the day before March 12, 2020, otherwise known as ‘Black Thursday.’

Following the string of coinbase rewards spent in mid-March, another large 21 block string was spent on October 11, 2020. More decade-old coins were spent on October 14, and then another consecutive string of over 20 – 2010 BTC block rewards on November 7, 2020. The following day, on November 8, a ‘Satoshi-era’ miner moved another sizable string of BTC coinbase rewards that did not move in over a decade.

The 20-block string of BTC rewards from 2010 transferred today had the lowest privacy score one can get when spending bitcoins, according to Blockchair’s privacy-o-meter. The 2010 coinbase reward spends on Sunday had a rare fingerprint, a co-spend and likely a sweep, and the same address inputs.

That spend, in particular, sent all 1,000 BTC to this address here, but the coins were then moved into fractions after the original consolidation. That particular spend scored a 90% privacy rating on Blockchair’s privacy-o-meter, as it was sent with a touch more “discrepancy [or] no output of the same type as inputs.”

What do you think of the string of old school 2010 block rewards spent on Sunday morning? Let us know what you think about this subject in the comments section below.

The post 10-Year-Old Block Rewards Wake Up: Data Parsers Catch a String of 1,000 ‘Satoshi Era’ Bitcoins from 2010 Spent Today appeared first on Bitcoin News.