Bitcoin News
By Julie Binoche
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What the Patoshi Pattern Actually Says. Researcher Sergio Demian Lerner first identified the Patoshi pattern years ago, digging through…
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A 2010 Transaction Nobody Had Documented Before. Bitquery's research also turned up something genuinely new.
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Keys Change Hands. Blockchain Doesn't Care.. Even if researchers could confirm the Patoshi miner held those coins in 2009 and 2010, that…
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600 Bitcoin moved. Nobody knows who did it.
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On September 5, twelve block rewards mined over four consecutive days in March 2010 suddenly transferred within half an hour of each other — after sitting completely untouched…
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Whale Alert found no direct link between these 600 BTC and the stash researchers typically attribute to Bitcoin's pseudonymous creator.
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Researcher Sergio Demian Lerner first identified the Patoshi pattern years ago, digging through Bitcoin's earliest blocks and spotting a distinctive mining fingerprint.
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Bitquery's recent study went back and reconstructed the Patoshi pattern from scratch, working through 54,316 blocks from Bitcoin's early days. They reached a 99.
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Depending on how strictly researchers apply the mining fingerprint, the total attributed to the Patoshi miner ranges from under 0.9 million Bitcoin to roughly 1.17 million Bitcoin.
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Not really a settled number, in other words.
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Bitquery's research also turned up something genuinely new. On May 17, 2010, 600 Bitcoin from early mining rewards moved in two separate transactions, roughly an hour apart.
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Read also: Liquids 4,000 Bitcoin Loss Raises Questions on Who Will Cover the Gap
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That's significant. It's the blockchain itself — not statistical inference, not a pattern-matching algorithm — showing that someone controlled block rewards spread across an…
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Bitquery researcher Gaurav Agrawal put it plainly: "nothing in the math settles it, so we will never be sure."
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Even if researchers could confirm the Patoshi miner held those coins in 2009 and 2010, that wouldn't prove anything about who holds them now. Private keys can be inherited.
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