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

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

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

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“This message ought to attain you on the center of the fourth month of your calendar yr, within the yr 2019,” the message learn. “In case you are studying this, one thing has led you to seek for issues which deliver 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 satoshistreasure.xyz however pointed to 3 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 response to 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 go 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 carried out so, the treasure can be irrevocably yours,” the message proclaimed.

Whereas the reference to Shamir may sound like a personality from Magic: The Gathering or Dungeons & Dragons, it’s really a reference to Israeli cryptographer Adi Shamir, who invented the key 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 convention 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, photos or different types of media. The newest of those came about in France, when $1,000 price of bitcoin was hidden inside a recreation of the well-known “Liberty Main the Individuals.” 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.

This article initially appeared on Bitcoin Journal.

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