Satoshi Nakamoto moves his 6.5 yr old bitcoins • Hacker News Board

Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins

#41

Post by sktrdie » Tue, Aug 04, 2015, 5:05 PM UTC

I'd suggest you delete this post. It's a false alarm.

Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins

#42

Post by brayton » Tue, Aug 04, 2015, 5:06 PM UTC

sprice wrote: post #16

Looks like a problem with Blockchain.info https://btc.blockr.io/address/info/12c6DSiU4Rq3P4ZxziKxzrL5L... edit:// Reddit has more info: http://www.reddit.com/r/Bitcoin/comments/3frht4/satoshi_naka...

Sounds about right

Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins

#43

Post by 811639047892938 » Tue, Aug 04, 2015, 5:06 PM UTC

He wanted to move them when the price was higher but it took him 4 years to download the blockchain

Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins

#44

Post by dangtard » Tue, Aug 04, 2015, 5:06 PM UTC

sprice wrote: post #16

Looks like a problem with Blockchain.info https://btc.blockr.io/address/info/12c6DSiU4Rq3P4ZxziKxzrL5L... edit:// Reddit has more info: http://www.reddit.com/r/Bitcoin/comments/3frht4/satoshi_naka...

If only the blockchain was reliable, or trustworthy...

Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins

#45

Post by MSM » Tue, Aug 04, 2015, 5:06 PM UTC

artursapek wrote: post #17

And the price tanks immediately: https://cryptowat.ch/bitfinex/btcusd/3min

"Tanking"?

That didn't even cause the lowest trading price of the past 24 hours.

Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins

#46

Post by sprice » Tue, Aug 04, 2015, 5:07 PM UTC

sprice wrote: post #16

Looks like a problem with Blockchain.info https://btc.blockr.io/address/info/12c6DSiU4Rq3P4ZxziKxzrL5L... edit:// Reddit has more info: http://www.reddit.com/r/Bitcoin/comments/3frht4/satoshi_naka...

And the reddit thread has already been removed.

Can we get this HN thread hidden? Or at least the title updated?

Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins

#47

Post by valarauca1 » Tue, Aug 04, 2015, 5:07 PM UTC

oxalo wrote: post #25

What's the possibility someone brute forced his private key?

Highly unlikely.

Bitcoin private keys are 256bit ECDSA keys. The largest key (publically broken) of this type is ~114bit PS3 hardware key which took 17 months on ~2600 systems.

Reference: https://en.wikipedia.org/wiki/Elliptic_curve_cryptography#Ke...

Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins

#48

Post by 26cf805ae26f » Tue, Aug 04, 2015, 5:08 PM UTC

chasing wrote: post #29

Is this lack of anonymity a feature of Bitcoin?

It's a consequence of the fact that the general ledger (aka the blockchain) is public information. It has to be, otherwise the system would not work; what I mean is that you cannot design a crypto currency whose ledger is not public information.

Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins

#49

Post by jo6gwb » Tue, Aug 04, 2015, 5:08 PM UTC

[deleted] wrote: post #38

[deleted]

Doesn't look like these are from the Genesis Block.

Re: Satoshi Nakamoto moves his 6.5 yr old bitcoins

#50

Post by artursapek » Tue, Aug 04, 2015, 5:09 PM UTC

MSM wrote: post #45

artursapek wrote: post #17

And the price tanks immediately: https://cryptowat.ch/bitfinex/btcusd/3min

"Tanking"? That didn't even cause the lowest trading price of the past 24 hours .

For a 5 minute window, I'd consider that tanking. It looks like there is an issue with bc.info, so it looks like traders are holding off making more decisions on this news.