1.125 MILLION BTC ESTIMATED AS SATOSHI’S STASH
is this a giant threat overhand to bitcoin?
Whoever Satoshi really is – if he (or CIA or NSA as some theorize) has control of that many coins – then is that not a huge threat to Bitcoin?
Whale Alert Identifies 1.125 Million BTC as Satoshi’s Stash
Whale Alert Identifies 1.125 Million BTC as Satoshi’s Stash
(Whale Alert)
William Foxley
Whale Alert Identifies 1.125 Million BTC as Satoshi’s Stash
- Whale Alert based its findings on Sergio Demian Lerner’s 2013 “extra nonce” technique which claimed Satoshi’s stash to be at some 1 million BTC. (Lerner referred to the possible Satoshi mining as the “Patoshi” pattern).
- Researchers identified a set of nonce patterns more specific to the Patoshi set which helped further isolate possible Satoshi-mined blocks.
- 22,503 of the first 54,316 blocks were mined by Satoshi under the new method, Whale Alert says.
- Satoshi maintained a constant mining scheme while the network was growing to protect it from 51% attacks, researchers suggest.
- The reliability of assuming nonce patterns are specific to certain mining rigs was called into scrutiny by BitMEX Research in 2018. They estimated Satoshi’s haul to be around 700,000 BTC.
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1.125 MILLION BTC ESTIMATED AS SATOSHI’S STASH
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