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On page 12: "For some reason (mistake? a tracking attempt?) the account received a tiny amount of 1 Satoshi [...] almost a year later on July 23-rd 2012. Its owner noticed this non-zero balance one year later, and emptied it once more on August 6-th 2013. On September 11-th 2013 he received another tiny transfer of 0.0000091, and on November 18-th 2013 yet another one of 0.00011. On November 20-th he sends the 0.0000…
This paper is trying to make a connection between a few transactions sent from a very early Bitcoin address to some Silk Road addresses. It is possible that if this early address belongs to "Satoshi" that he was simply buying from Silk Road. Whatever he was doing, the connection is tenuous at best, which of course is the entire point of Bitcoin. DPR is facing a life sentence, so there is a good chance that if he has partners, the feds (and eventually the rest of the world) will find out about them as part of a plea deal.
Direct link to PDF: https://s3.amazonaws.com/s3.documentcloud.org/documents/8393... I never know whether it's allowed to tell people they're dead...
Ok, the submission link was originally not a direct link to the PDF. A moderator changed the link, so my comment is now useless, and hence should be deleted. But mysteriously I've lost the ability to edit or delete it, even though it was posted just 16 minutes ago. New HN feature? Maybe the edit time is now reduced from 2 hours to 10 minutes? Not sure.
Earlier quoted context omitted.
Ok, the submission link was originally not a direct link to the PDF. A moderator changed the link, so my comment is now useless, and hence should be deleted. But mysteriously I've lost the ability to edit or delete it, even though it was posted just 16 minutes ago. New HN feature? Maybe the edit time is now reduced from 2 hours to 10 minutes? Not sure.
You were downvoted in that period, which might have something to do with it (people are seriously overzealous about that)
Earlier quoted context omitted.
They probably have his wallet file, but it's encrypted and he hasn't given them the password. So in theory it's "seized" ... if they can brute force / guess the password. But in practice, with access to a computer, DPR could probably transfer the contents from the address to a new wallet.
Didn't the article specifically state that the FBI transferred coins from his wallet to their own?
324 spells FBI on a phone keypad.
Roberts had grown so rich, he wanted to retire. He took me to his cabin and he told me his secret. 'I am not the Dread Pirate Roberts' he said. 'My name is Ryan; I inherited the ship from the previous Dread Pirate Roberts, just as you will inherit it from me. The man I inherited it from is not the real Dread Pirate Roberts either. His name was Cummerbund. The real Roberts has been retired 15 years and living like a k…
Earlier quoted context omitted.
They probably have his wallet file, but it's encrypted and he hasn't given them the password. So in theory it's "seized" ... if they can brute force / guess the password. But in practice, with access to a computer, DPR could probably transfer the contents from the address to a new wallet.
Does no one think that with that much money in his wallet, he wouldn't have simply memorized the private key in addition to storing it somewhere? The keys aren't really that long or hard to memorize and I would certainly remember mine if I had any significant amount of money tied to it.
* There was an account/wallet that was created a week after Bitcoin mining 'commenced' in 2009.
* SN was known to have been active in the early mining. However so was Hal Finney (inventor of RPOW). They refer to it as the founder's wallet, but I think it would be more appropriate to think of it as the wallet of an early miner.
* This early miner's accumulated into it over 77,600 BTCs (mostly from mining operations)
* During June 2011 (4/6/2011 - 28/6/2011) almost all of these bitcoins were moved into a second account
* On the transaction graph, on one path, 45% of these bitcoins are are transferred to another wallet over the course of late 2012 to new year 2013. On the other path, the remaining 55% is sent to another wallet over the course of early 2012 to the same day new year 2013.
* The 45% wallet has a little of its funds sent to the 55% wallet, and then has laid dormant since a month back. In the 45% wallet in March'13, a fifth of the wallet is sent to the 55% wallet. Again, from the 14/9/13 to 23/10/13, another 15% is sent to the 55% wallet.
* However, if we look at the 55% wallet, we can see a clear link to DPR's wallet. In March'13, the 55% wallet sends 6 transfers totalling 2.5% of its balance ($1000) to another wallet, which sends this to DPR's account (as we know from the FBI's discovery of the wallet).
The authors suggest that all of these accounts belonged to the same person, this same early miner they call the founder. This is a possible flaw in their argument, as there were multiple early miners, Hal Finney being one of them.
The transactions that divided this wallet into the 45% and 55% wallets could have also split the ownership.
Lastly, it's very important to understand that while it may not be publicly recorded in the blockchain, these accounts could've changed hands by manually exchanging the private keys, and thus could bring into question the basis of this speculation.
The important things to note about the relation between DPR and SN: * There was an account/wallet that was created a week after Bitcoin mining 'commenced' in 2009. * SN was known to have been active in the early mining. However so was Hal Finney (inventor of RPOW). They refer to it as the founder's wallet, but I think it would be more appropriate to think of it as the wallet of an early miner. * This early miner's ac…
I'm not sure why they'd hypothesize that someone who apparently used Bitcoin only some time after it was widely made public, and then used it in a rather poor manner anonymity wise (the aggregation), was the founder— other than to make headlines like this one. :(
In any case, the address in question (https://blockchain.info/address/12higDjoCCNXSA95xZMWUdPvXNmk...) doesn't belong to Satoshi, it belongs to Dustin Trammell: http://bitcoin-otc.com/viewgpg.php?nick=I}ruid ... who was actually my first guess, and could have easily been discovered by anyone with 20 minutes and access to google. :(
I really can't understand why such a respected name is attached to work of such low quality.