51–60 of 81 posts
For those not aware, the original 50 coins sent to this address were generated from the genesis block, the first block on the blockchain. However, the transaction is still unconfirmed, so until it is this could be nothing. Market has been scared downwards though.
The genesis block is block 0, and the coins in those transactions in question were from block 1 through 5.
Is this lack of anonymity a feature of Bitcoin?
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?
For those not aware, the original 50 coins sent to this address were generated from the genesis block, the first block on the blockchain. However, the transaction is still unconfirmed, so until it is this could be nothing. Market has been scared downwards though.
I don't understand. Either this transaction has a valid signature or it doesn't. If it does, then AFACIT the only possible way that it could not be confirmed sooner or later is if it's a double-spend. What am I missing?
Bitcoin newbie here. How do we know that's him?
We know that the very first bitcoins in the blockchain are "his", and IIRC some other coins have been tracked as "his" based on being in the same wallet or wallets. There are a number of articles on this over the past years. I say, "his", since we don't know who the creator is, could be a group of people, might not be a man.
Technically, we do not know that, we can only assume it.
There is no evidence that the person or persons known as Satoshi have ever mined coins on the mainnet.
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.
It seems plausible that fully homomorphic encryption will eventually enable a practical and fully anonymous cryptocurrency, but nobody has figured out how yet. Also, even without FHE, maybe someone will figure out how to make a Bitcoin-style public-ledger system that somehow uses Chaumian blinded keys instead of ditching anonymity entirely.
Earlier quoted context omitted.
According to Google - $14,281.50
The point isn't that those 50 Bitcoins are worth $14k, it's that he owns up to a million of them, and nobody is sure who he is or whether he still had control of those coins. This seems to prove that he does, unless blockchain.info is wrong.
We have no evidence that that is true, however it is widely speculated and believed to be so.
For those not aware, the original 50 coins sent to this address were generated from the genesis block, the first block on the blockchain. However, the transaction is still unconfirmed, so until it is this could be nothing. Market has been scared downwards though.