On October 31st, the crypto community celebrated the 16th anniversary of the Bitcoin whitepaper, published by the mysterious Satoshi Nakamoto. This groundbreaking document introduced the world to the concept of a decentralized digital currency, and it has since become a cornerstone of the cryptocurrency movement.

Celebrating 16 Years of Bitcoin!

  To commemorate the 16th anniversary of Satoshi Nakamoto's Bitcoin whitepaper, I'm excited to announce an airdrop of 5,000 ZBTC tokens! (100 winners, 50 ZBTC each)


How to participate:

1. Install the ZBTC Miner from https://github.com/naruto-hakamura/zbtc-miner?#airdrop---november-2024

2. Run the software and validate a single key (this may take 30 minutes to a few hours)

3. Follow the winners here https://docs.google.com/spreadsheets/d/1lCzmoLM3DYwlw6korjNWhUpQyB9zFcepKVbDkzakRfo/


About ZBTC - Lost Bitcoin

  ZBTC is a novel cryptocurrency designed to pay homage to the lost bitcoins that have disappeared from circulation. With a total supply of exactly 2,178,309 tokens, ZBTC reflects the closest Fibonacci number of the estimated amount of bitcoins that have been lost or are inaccessible.

  More info here https://bitcointalk.org/index.php?topic=5512793


--Naruto Hakamura

The Pool Miner, Beta version, will be released mid-November. Thank you!

Hello IGotsmoke,

At the moment there is no Discord/Telegram channel. I'll create the social channels when the Pool Miner will be released and just before the Airdrop. Meanwhile, let's stay in touch on X (@naruto_hakamura).

Thank you!

  I'll send some AVAX to those who want to mine ZBTC but are new in the crypto space and don't know how to buy and transfer coins on the blockchain. In order to receive avax, you have to message me on X/Twitter (@naruto_hakamura https://x.com/naruto_hakamura).

  But first download and install the ZBTC Miner from https://github.com/naruto-hakamura/zbtc-miner , follow the tutorial to setup a wallet (https://github.com/naruto-hakamura/zbtc-miner/blob/main/README.md), then send me a picture/screenshot with the test result, like the image below:
https://github.com/naruto-hakamura/zbtc-miner/raw/main/howto/cmd_test.png


-- Naruto Hakamura

Introduction:

  While Bitcoin has experienced tremendous growth and adoption, a significant portion of its total supply remains unaccounted for. Estimates suggest that more than 20% of all Bitcoins mined have been lost or are otherwise inaccessible. A significant portion of the lost Bitcoin supply can be attributed to the enigmatic creator, Satoshi Nakamoto. It is believed that Nakamoto mined approximately 1.1 million Bitcoins during the early days of the cryptocurrency. These coins have remained dormant in a wallet or wallets associated with Nakamoto's identity, and there has been no significant movement of funds from these addresses. While these Bitcoins have not been actively traded or spent, it's important to note that they are not necessarily lost. It is possible that Nakamoto or someone with access to these addresses could still move or sell the coins.


ZBTC - A Token Commemorating Lost Bitcoins

  ZBTC is a novel cryptocurrency designed to pay homage to the lost bitcoins that have disappeared from circulation. With a total supply of exactly 2,178,309 tokens, ZBTC reflects the closest Fibonacci number of the estimated amount of bitcoins that have been lost or are inaccessible.


By creating a token that mirrors this lost quantity, ZBTC aims to:

- Commemorate the history of Bitcoin: ZBTC serves as a tangible reminder of the early days of Bitcoin and the challenges faced by its pioneers.
- Provide a unique investment opportunity: For those interested in Bitcoin's history and potential, ZBTC offers a speculative asset that could appreciate in value as the scarcity of lost bitcoins becomes more apparent.


Technical info:

  Name: Lost Bitcoin;
  Symbol: ZBTC;
  Blockchain: Avalanche C-Chain;
  Contract address: 0x8a640bde38533b0A3918a65bfc68446204d29963 (https://snowtrace.io/address/0x8a640bde38533b0A3918a65bfc68446204d29963);
  Mining software: ZBTC Miner (https://github.com/naruto-hakamura/zbtc-miner);
  Whitepaper: To be posted soon


Tokenomics:

- Miners [& Staking]: 1,576,240 ZBTC
- Airdrops & ICO [& Staking]: 405,651 ZBTC
- Promoting, LP and Team: 196,418 ZBTC
* more detailed tokenomics to be presented in the Whitepaper

The mining:

  One can obtain ZBTC tokens through a on-chain mining process that rewards participants every time a new block is created (every 2 hours or a multiple of 2 hours). The mining software will generate hexadecimal numbers (e.g., 1a78bf58) called 'KEYS' then will create a sha3 encrypted hash(keccak) by combining the KEY, your wallet public ADDRESS and a unique RANDOM number generated on the blockchain corresponding to each block. The resulting OUTPUT hash will always be a 64 chars length hexadecimal number(e.g., 0xb1cb5307d51a78bf58977c48d3c8f7c1f359edf6496dfe6a3b9e39f7844a985f).
 
  Now, if the current KEY is found inside the OUTPUT string (i.e., OUTPUT matches KEY) (e.g., 0xb1cb5307d51a78bf58977c48d3c8f7c1f359edf6496dfe6a3b9e39f7844a985f), the KEY is a valid one and it will be sent to the blockchain for confirmation.
Note: The longer the KEY, the higher the difficulty to find a valid KEY is, and the higher the chances to win the current block's reward.


Epochs and Rewards:

  There are 13 Fibonacci epochs with each epoch having 2584 blocks. The rewards are also Fibonacci numbers: 233 ZBTC per block for blocks [1->2584], 144 ZBTC for blocks [2585->5168], etc... for a total of 1,573,656 ZBTC;
  In addition to the Fibonacci epochs, there are 21 Halving epochs for a total reward of 2,584 ZBTC.
  Now, for the Fibonacci epochs, multiple miners could share the same reward if they mined with the same difficulty, and a fraction of the reward is transferred to the Staking contract(detailed info to be presented in the ZBTC Whitepaper).



  Download the Open Source ZBTC Miner from https://github.com/naruto-hakamura/zbtc-miner and follow the instructions to install and run the software.

  Note: The installation of this software is documented step by step. However, feel free to contact me on X (@naruto_hakamura https://x.com/naruto_hakamura) if you encounter any issues during the setup process.
  ^This is the chance to take part in something groundbreaking from the very beginning!^


-- Naruto Hakamura

*this post will be updated constantly