Home / Cryptocurrency / Satoshis Treasure The Chase Is on for a $1 Million Bitcoin Prize

Satoshis Treasure The Chase Is on for a $1 Million Bitcoin Prize

A treasure hunt for $1 million value of bitcoin is formally underway.

In a cryptic, rambling message broadcasted to the Blockstream Satellite tv for pc on April 13, 2019, an nameless person challenged the remainder of the Bitcoin group to 1,000,000 buck hunt for what they known as “Satoshi’s Treasure,” a competition which can “check the unravel, braveness, intelligence, and savvy [sic] of would-be hunters,” the sport grasp claimed. On the present trade price, the competition’s award is more or less 198 BTC.

“This message will have to achieve you on the center of the fourth month of your calendar 12 months, within the 12 months 2019,” the message learn. “In case you are studying this, one thing has led you to seek for issues which convey pleasure to an differently predictable global.”

In step with the message, the nameless broadcaster plans to offer clues to the praise at the web page satoshistreasure.xyz however pointed to 3 preliminary keys to the praise that can be published within the coming days.

“What you might be studying is the primary clue in a grand Hunt,” in keeping with the message. “It isn’t the primary Hunt, nor after all will it’s the final one, however the hunt is MINE, and so it’s to me that you just should turn out your self.”

The message additionally laid out the bottom regulations for the treasure hunt in enigmatic phrases and famous that the general prize is “neither gold, nor jewels, nor the items of nugatory paper that move for cash on this unhappy age.”

The sport grasp fractured the general million buck bitcoinucopia into 1000 items, the usage of the “splitting magic of the wizard Shamir.” Treasure hunters should in finding 400 of those items and use Shamir’s “spell of recombination” to take hold of the hoard of virtual gold.

“After you have finished so, the treasure can be irrevocably yours,” the message proclaimed.

Whilst the connection with Shamir would possibly sound like a personality from Magic: The Collecting or Dungeons & Dragons, it’s in truth a connection with Israeli cryptographer Adi Shamir, who invented the name of the game key sharing mechanism that the sport grasp’s hunt is most probably using to separate the bitcoin stash’s non-public key into more than one shards.

The primary 3 keys referenced within the preliminary message can be published on April 16, April 17 and April 18, 2019, at 3 equipped geographic coordinates at midday of their respective time zones.

Satoshi’s Treasure enters a convention of identical puzzles and video games wherein nameless lovers — whether or not via distinctive feature of generosity, interest, boredom or all 3 — embed connection with bitcoin non-public keys in artwork, photos or different varieties of media. The latest of those came about in France, when $1,000 value of bitcoin used to be hidden within a sport of the well-known “Liberty Main the Other people.” Possibly probably the most well-known instance of such puzzles, The Legend of Satoshi Nakamoto, used to be cracked in early 2018 after stumping would-be solvers for 3 years.

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