11 years old address change, Satoshi Nakamoto is back? Ten years ago, Satoshi Nakamoto panicked 184.4 billion bitcoins!

Give you a bitcoin, what will you do with it?

It has been 11 years since the development of Bitcoin. In these 11 years, Bitcoin has gone through ups and downs and developed through twists and turns. Finally, in the past few years, Bitcoin’s underlying technology, blockchain technology, slowly Is recognized by people. On October 25, 2019, national leaders also stressed the importance of using blockchain as an important breakthrough in independent innovation of core technologies. Blockchain technology has experienced three eras at present, Blockchain 1.0 (represented by Bitcoin), Blockchain 2.0 (represented by Ethereum, bringing smart contracts into the blockchain world), Blockchain 3.0 (Represented by EOS), Poka, which will be launched at the end of May, may be another turning point in the blockchain world, with cross-chain protocols, so that each blockchain will no longer have information islands.

Bitcoin’s peer-to-peer cash system is a financial experiment created by Satoshi Nakamoto after the financial crisis caused by the subprime mortgage crisis in 2008 because he did not trust the financial system endorsed by the central government. But for the mysterious character Satoshi Nakamoto, when he completed the entire Bitcoin system, he evaporated from this world and hid to see the prosperity of the human world.

At 11 o’clock last night, a message suddenly swept all the groups in the currency circle. Whale Alert’s address monitoring suddenly found that there were 50 bitcoin transfers. The address 17XiVVooLcdCUCMf9s4t4jTExacxwFS5uh was transferred from the block height 3654 on February 10, 2009 Out.

What does this time mean? Bitcoin was just a month old, at that time it was likely that Satoshi Nakamoto was mining, so this address was suspected of the address of Satoshi Nakamoto ’s early mining. Satoshi Nakamoto came back, everyone should be happy, but the market does not agree Then, there was a response immediately, and a large Yin column immediately began to go straight down.

Why is this so? The founder of Bitcoin should be a good thing to come back, but do n’t forget that Satoshi Nakamoto still has 1.1 million bitcoins in his hand. What does this mean? If there are 100,000 bitcoins hitting the disk, it will be able to smash the entire cryptocurrency market in the short term. It is expected to smash more than 50% in the short term (retail customers will also step on shipments), not to mention 1.1 million bitcoin shipments, I think Such a scene would look like this:

Having said this, are you curious about whether this address is Satoshi Nakamoto? Then let’s look down, where does this so-called Satoshi address transfer these bitcoins? At present, this address has transferred 10 bitcoins to Coinbase, and the other 40 have been transferred to other addresses. Forked coins in this account, such as BCH and BSV, are not yet transferred.

Then it is very easy to explain that this address will not be Satoshi Nakamoto. Coinbase is an exchange that requires KYC (identity authentication), and Satoshi Nakamoto has always been very concerned about privacy, and will not leave his trace So this is unlikely to be Satoshi Nakamoto.

Tesla guessed that this should be the address of the early miners. In fact, if you want to pick this up, just go to the SourceForge forum to see if you can find a lot of valuable information. However, this forum has been lost. , It is difficult to find the earliest information.

So why does this address suddenly move? Tesla thinks this may be a bitcoin that an early enthusiast randomly dug and saved the wallet.dat. Recently, this thing was discovered by someone, and it may have been given to the wallet before. Dat encryption, and suddenly remembered the password, so did a friend in the Tesla group. It was only a few years later that I remembered the password and found a hundred bitcoins.

Having said this, let’s talk about the biggest bug in Bitcoin history.

This matter was found on Bitcointalk.org created by Satoshi Nakamoto. Interested friends can go to this website to record many things in the early development of Bitcoin. .

This happened on August 15, 2010. In a strange block 74638, it was discovered that three different addresses created 184.4 billion bitcoins, which was discovered by an early hacker by accident, and then wanted to pass this BUG made profits for himself and created tokens indefinitely. He almost called the early bitcoin death this event called “overflow event”. On the other hand, this is actually a good thing. A system will definitely have vulnerabilities. The sooner it is discovered, the easier it is to modify.

For more details, you can go to https://bitcointalk.org/index.php?topic=822.0
Bad chain hash 0000000000790ab3f22ec756ad43b6ab569abf0bddeb97c67a6f7b1470a7ec1c

I checked with Bitcoin’s block browser and found that it was no longer found. Then there was only one possibility. This chain was hard-forked, replaced by another chain, and attacked with Ethereum The Dao The event is a bit like.

What if something goes wrong? Hurry to ask for support from Satoshi Nakamoto, but how does Satoshi Nakamoto find it?

Some users just want to try their luck and use the secret pager number to remind Satoshi Nakamoto to deal with emergency situations, of course, this is a later story.

Three hours after the incident, Satoshi Nakamoto teamed up with early Bitcoin developer Gavin Andresen to create a fix.

Satoshi ’s fix code, https://github.com/bitcoin/bitcoin/commit/d4c6b90ca3f9b47adb1b2724a0c3514f80635c84#diff-118fcbaaba162ba17933c7893247df3aR1013
Five hours after the incident, Satoshi Nakamoto finally developed the 0.3.10 version of Bitcoin to prevent a large amount of Bitcoin from being generated again through a premium vulnerability, and hard-fork the chain within a few hours. Satoshi monitored the two chains and urged miners not to mine bad chains, but to transfer the computing power to the new chain.

19 hours after the incident, the new blockchain finally surpassed the bad chain at block height 74691, and that chain is now the one we use.

Hash 00000000005c22d199706df1c38b38d76f8401920dcbe91edf3417f8847da707

In the process of searching for information, I found that Mr. Jiang ’s bitcoin science is quite good. Share it with everyone https://www.zhihu.com/question/22076666/answer/69638270

Summary: The impact of Bitcoin’s incident on Bitcoin is particularly large. BUGs will exist in the code world. When these BUGs are sufficiently threatening, they may change the direction of the entire project. Until today, bitcoin relied on those developers to constantly improve and improve, so that the entire system could run stably, bringing about the budding development of today’s blockchain technology.

Salute to all Bitcoin developers!