Satoshi’s Treasure: The Chase Is on for a $1 Million Bitcoin Prize

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

In a cryptic, rambling message broadcasted to the Blockstream Satellite on April 13, 2019, an nameless person challenged the remainder of the Bitcoin neighborhood to 1,000,000 greenback hunt for what they known as “Satoshi’s Treasure,” a contest which is able to “check the resolve, braveness, intelligence, and savvy [sic] of would-be hunters,” the sport grasp claimed. On the present alternate price, the competition’s award is roughly 198 BTC.

“This message ought to attain you on the center of the fourth month of your calendar yr, within the yr 2019,” the message learn. “If you're studying this, one thing has led you to seek for issues which carry pleasure to an in any other case predictable world.”

In response to the message, the nameless broadcaster plans to supply clues to the reward on the web site however pointed to a few preliminary keys to the reward that can be revealed 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 could show your self.”

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

The sport grasp fractured the ultimate million greenback bitcoinucopia into one thousand items, utilizing the “splitting magic of the wizard Shamir.” Treasure hunters should discover 400 of those items and use Shamir’s “spell of recombination” to grab the hoard of digital gold.

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

Whereas the reference to Shamir would possibly sound like a personality from Magic: The Gathering or Dungeons & Dragons, it’s really a reference to Israeli cryptographer Adi Shamir, who invented the secret key sharing mechanism that the sport grasp’s hunt is probably going using to separate the bitcoin stash’s personal key into a number of shards.

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

Satoshi’s Treasure enters a practice of comparable puzzles and video games whereby nameless fans — whether or not by advantage of generosity, curiosity, boredom or all three — embed reference to bitcoin personal keys in artwork, footage or different types of media. The newest of those took place in France, when $1,000 price of bitcoin was hidden inside a recreation of the well-known “Liberty Main the Folks.” Maybe essentially the most well-known instance of such puzzles, The Legend of Satoshi Nakamoto, was cracked in early 2018 after stumping would-be solvers for 3 years.

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