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You are here: Home / News / Bitcoin News / Yet Another Bitcoin Theory Gains Prominence
Yet Another Bitcoin Theory Gains Prominence

Yet Another Bitcoin Theory Gains Prominence

February 15, 2021 by Chayanika Deka

Bitcoin has been shrouded in mystery and has become a target of a number of theories since its inception. Its rise to prominence yet again has triggered massive room for wondering.

For years, the community has been intrigued with the presumed pseudonymous person [s] who developed BTC, authored the white paper, and created and deployed Bitcoin’s original reference implementation. Alas, all efforts have failed and no one the real identity [s] behind the creator.

However, a new crypto theory emerged. A few individuals on the BitcoinTalk forum believe that hundreds of thousands of BTC mined by the infamous Satoshi Nakamoto are giveaways in the world’s greatest prize competition.

According to a series of recent posts published, members on the forum were now hunting for clues left by the creator in hopes to somehow piece together Satoshi’s private keys needed to unlock the alleged huge stash of Bitcoin mined in the early days.

Bitcoin’s epic bull run is winning more attention across the globe who are now keen on solving the treasure hunt. But this theory is originally based on a research paper that was published by crypto expert and RSK Labs chief scientist Sergio Demian Lerner about the BTC holdings in question.

The scientist allegedly uncovered a statistical imbalance in the blocks mined by Satoshi. One of the four reasons for the imbalance, according to Lerner, was:

Satoshi left a message fingerprinted in the nonces. A Message for us to see in the distant future.

Taking the theory further the members of the BitcoinTalk forum and are of the opinion that the alleged encrypted treasure hidden is the greatest prize competition.

One user also posted a roadmap on the same which includes discovering how Satoshi implemented the private keys of the early mined coins into the blockchain.

Secondly, solving the private keys.

Thirdly, transferring the BTC from P2PK to the P2PKH address with the same Privatekey to let Satoshi and the community know that somebody has solved the keys in question.

Lastly, transfering these coins to another address a week later.

The user also went on to add,

“We think that Satoshi is waiting.”

As wild as it sounds, if the claims are to be believed, it could lead to unlocking of wallets containing an estimated amount of 750,000 mined BTC which is worth over $35 billion at press time price.

Filed Under: Bitcoin News, News Tagged With: bitcointalk, btc

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