Subscribe
CryptoWeb.xyz
No Result
View All Result
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
No Result
View All Result
CryptoWeb.xyz
No Result
View All Result

Patoshi Researcher: ‘Satoshi won’t use his coins ever’

The researcher who identified 1.1 million Bitcoins (BTC) that Satoshi Nakamoto mined, said that his research makes him believe that Satoshi was altruistic and will never spend his coins.

Sergio Demian Lerner, the designer of the second layer Bitcoin protocol RSK and renowned crypto researchers in the Reddit AMA said that it took him three years to discover privacy flaws in the Bitcoin code that led to the discovery of the Patoshi pattern. 

Respects Satoshi’s privacy

The Patoshi pattern describes a miner who used a slightly different mining algorithm and who mined about 1.1 million Bitcoins. Most believe him to be Satoshi Nakamoto. Lerner said that he decided not to dig deeper as to not disturb the creator:

Related articles

Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem

This Indicator of Bitcoin HOLDer Conviction Recently Hit a Record High – Here’s What That Means For BTC Price

“I don’t want to dig any more into that matter and I feel I contributed enough to the transparency of Bitcoin. Digging more may be entering Satoshi’s privacy area.”

Bitcoin couldn’t be fairer

He opined that based on his research and his understanding of Satoshi, he believes that Bitcoin’s creator will never spend the coins he mined:

“Assuming Satoshi is Patoshi, I believe, based on the past history of Satoshi coins, that Satoshi won’t use his coins ever. Therefore, I think that there couldn’t be a fairer and a more altruistic way for Bitcoin to be born.”

Meanwhile, Craig Wright, stands undeterred by the recent Bitcoin transactions that seemingly falsified his claims of being Satoshi Nakamoto.

Share122Tweet76Share31
Previous Post

Coronavirus Lockdown Boosts Bitcoin Trading in Russia

Next Post

What Is The Best Cryptocurrency Broker?

Related Posts

Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem
Bitcoin

Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem

This Indicator of Bitcoin HOLDer Conviction Recently Hit a Record High – Here’s What That Means For BTC Price
Bitcoin

This Indicator of Bitcoin HOLDer Conviction Recently Hit a Record High – Here’s What That Means For BTC Price

Bitcoin pumped 43% in January 2023! What to expect in February — Watch The Market Report live
Bitcoin

Bitcoin pumped 43% in January 2023! What to expect in February — Watch The Market Report live

Bitcoin Option Markets Signal Upside Price Risk Despite Warnings of Possible Fed-fuelled Sell-off
Bitcoin

Bitcoin Option Markets Signal Upside Price Risk Despite Warnings of Possible Fed-fuelled Sell-off

Today in Crypto: Bitcoin Suisse Joins Liquid Collective to Enable ETH Staking, METACO Partnered with DekaBank, Celsius ‘Abandoned Promise of Transparency from Start’
Bitcoin

Today in Crypto: Bitcoin Suisse Joins Liquid Collective to Enable ETH Staking, METACO Partnered with DekaBank, Celsius ‘Abandoned Promise of Transparency from Start’

Bitcoin poised for another attack on $24K as trader predicts ‘bearish February’
Bitcoin

Bitcoin poised for another attack on $24K as trader predicts ‘bearish February’

ADS SIDE

More News

Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem

Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem

Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program

Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program

Crypto Experts are Saying These Altcoins Will be the Next Big Thing – Find Out Why

Crypto Experts are Saying These Altcoins Will be the Next Big Thing – Find Out Why

Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?

Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?

This Indicator of Bitcoin HOLDer Conviction Recently Hit a Record High – Here’s What That Means For BTC Price

This Indicator of Bitcoin HOLDer Conviction Recently Hit a Record High – Here’s What That Means For BTC Price

Grayscale Crypto Firm in Hot Water Again as New GBTC Lawsuit Filed by Osprey – Here’s What You Need to Know

Grayscale Crypto Firm in Hot Water Again as New GBTC Lawsuit Filed by Osprey – Here’s What You Need to Know

5 altcoins that produced double-digit gains as Bitcoin price rallied in January

5 altcoins that produced double-digit gains as Bitcoin price rallied in January

Cronos Labs to accept second cohort for $100M-backed Web3 accelerator program

Cronos Labs to accept second cohort for $100M-backed Web3 accelerator program

As Gala Price Explodes, These 3 New Altcoins Can 25x This Year

As Gala Price Explodes, These 3 New Altcoins Can 25x This Year

New Revelation: Australian Regulators Probed FTX Crypto Exchange Before Its Collapse – Here’s Why

New Revelation: Australian Regulators Probed FTX Crypto Exchange Before Its Collapse – Here’s Why

  • Advertise with us
  • Contact Us
  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Sitemap

© 2020 Copyright - All rights reserved.

No Result
View All Result
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin

© 2020 Copyright - All rights reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT