Few people are surrounded by as much mystery as Bitcoin’s creator, whose legacy comprises the most popular blockchain project in the world and a manifesto that gave rise to an ideology centered on digital money. Satoshi Nakamoto has left practically no clues about himself, but people keep digging relentlessly through troves of data to find some sign pointing to his identity or a glimpse of what many suspect to be his enormous Bitcoin stash.
BitMEX is the latest entity to start tracking down Satoshi Nakamoto’s purported wealth by looking at a previous analysis by Sergio Demian Lerner, who first came up with the figure of one million BTC.
Looking at the Lerner hypothesis
In mid-April 2013, Lerner showed the world his first analysis of the Bitcoin creator’s possible movements in the blockchain up to a year after its genesis block was mined. He suggested Nakamoto may have mined “almost alone” during that period due to a constant hash rate of 7 Mh/s.
Users in the forum where he posted immediately shot down the assumption, saying that network hashrate calculations based on the bootstrap.dat file he used for his analysis were not precise enough to warrant such a conclusion.
Within a couple of days, Lerner performed a more in-depth
This article appeared first on Cryptovest
