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Aftermath

Michel Bauwens reflects on Satoshi, Bitcoin, and the path not taken

Michel Bauwens Satoshi Nakamoto

In an April 2025 interview, P2P Foundation founder Michel Bauwens recalled that Satoshi emailed him several times, offered him a few bitcoins, and explained why he was publishing the white paper on the P2P Foundation site. Bauwens also gave a mature retrospective on Bitcoin: he remained skeptical of its energy costs, but saw it as the first globally scalable, socially sovereign currency not issued by a firm or state.

BIP (Bitcoin Improvement Proposal)

BIP 360 — Pay to Merkle Root (P2MR)

Hunter Beast Ethan Heilman, Isabel Foxen Duke

Proposed Pay-to-Merkle-Root (P2MR), a quantum-resistant output type for Bitcoin. P2MR operates like Taproot but removes the quantum-vulnerable key path spend, committing only to the Merkle root of a script tree. Deployed as SegWit version 2, it provides resistance against long-exposure quantum attacks while maintaining backward compatibility as a soft fork.

Aftermath

COPA evidence reveals Nicholas Bohm's previously unpublished emails with Satoshi

Nicholas Bohm Satoshi Nakamoto

The COPA v Wright record revealed that Nicholas Bohm, previously known only for a public January 2009 bitcoin-list bug report, had also exchanged a series of private emails with Satoshi Nakamoto. The exhibits show direct troubleshooting about routing, port forwarding, unaccepted blocks, and network isolation, including Satoshi's remark that there might have been almost nobody else running Bitcoin in July 2009.

Aftermath

The alternative genesis block — Satoshi's pre-release test block from September 2008

SerHack Satoshi Nakamoto, Ray Dillinger, Hal Finney

SerHack published an analysis of a pre-release Bitcoin genesis block dated September 10, 2008 — discovered in source code Satoshi shared privately in November 2008. The test block had a completely different hash, trivially easy difficulty, and an initial block reward of 10,000 units. The September 10 date coincides with Lehman Brothers announcing $3.9 billion in losses.

Aftermath

PLOS ONE publishes peer-reviewed study confirming Patoshi mining anomalies across Bitcoin's first 18 months

Maria Oskarsdottir Jacky Mallett, Satoshi Nakamoto, Sergio Demian Lerner

Reykjavik University researchers publish the first peer-reviewed academic study of the Patoshi pattern in PLOS ONE. The paper identifies two distinct nonce anomalies — the 'P anomaly' (extended Patoshi) and the 'Z anomaly' (zerononce) — and crucially finds that the P anomaly appears in ALL of the first 64 blocks mined, including Block 12 which was previously classified as non-Patoshi by ExtraNonce analysis.

Aftermath

Previously unpublished Satoshi-Finney emails revealed

Michael Kapilkov Satoshi Nakamoto, Hal Finney, Fran Finney

CoinDesk published previously unpublished emails between Satoshi Nakamoto and Hal Finney, obtained from Hal's personal computer via his widow Fran Finney. The emails included Finney asking Satoshi about network scalability in November 2008, Satoshi personally notifying Finney of the v0.1 release on January 8, 2009, and a follow-up where Satoshi mentioned being unable to receive incoming connections.

Aftermath

Sergio Demian Lerner coins the term 'Patoshi' and updates estimate to ~22,000 blocks / ~1.1 million BTC

Sergio Demian Lerner Satoshi Nakamoto

Six years after his original analysis, Lerner published 'The Return of the Deniers and the Revenge of Patoshi,' coining the term 'Patoshi' (Pattern + Satoshi), updating his estimate to ~22,000 blocks / ~1.1 million BTC, and providing new evidence: zero timestamp inversions between Patoshi blocks versus 224 among non-Patoshi blocks, proving a single PC clock.

Aftermath

Wei Dai's retrospective statements on Satoshi Nakamoto and b-money

Wei Dai Satoshi Nakamoto

Wei Dai's reflections on Satoshi Nakamoto and on why b-money was never implemented, from a LessWrong Q&A thread. Dai stated that Satoshi 'didn't even read my article before reinventing the idea himself,' and later explained that b-money 'wasn't a complete practical design yet' and that he had 'grown somewhat disillusioned with cryptoanarchy' by the time he finished writing it up.

Aftermath

Sergio Demian Lerner discovers a second fingerprint in Satoshi's mining — the nonce LSB pattern

Sergio Demian Lerner Satoshi Nakamoto

Five months after his initial ExtraNonce analysis, Lerner discovered that Satoshi's nonce values had a highly non-random least significant byte (LSB) distribution — restricted to values [0..9] and [19..58], approximately 50 out of 256 possible values. This second fingerprint, independent of ExtraNonce, proved Satoshi used custom mining software with parallelized nonce space partitioning.

Aftermath

Sergio Demian Lerner identifies the 'Patoshi' mining pattern — ~1 million BTC linked to Satoshi

Sergio Demian Lerner Satoshi Nakamoto

Bitcoin researcher Sergio Demian Lerner published 'The Well Deserved Fortune of Satoshi Nakamoto,' identifying a distinctive mining pattern (later named 'Patoshi') in Bitcoin's earliest blocks. The analysis linked approximately 22,000 blocks (~1.1 million BTC) to a single miner presumed to be Satoshi Nakamoto. Virtually none of these coins have ever been spent.