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I just made a "Satoshi Tribute" by sending 12.170.000 $Bone (@BoneCoinSTX ) to Satoshi's Stacks address.
Satoshi has a Stacks address? 🤔
People up until this day have been sending actual bitcoin as "silent thanks" to Bitcoin's Genesis address, which is deemed owned by Satoshi Nakamoto and contains the unspendable 50 bitcoin mined from the genesis block. That genesis address is:
1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
What makes Stacks beautifully connected to its L1 settlement layer, Bitcoin, is their many shared aspects. One being how both utilize a similar address generation scheme based on the P2PKH format, which allows for both a bitcoin & Stacks address to share the same public key hash. If you base58check decode a legacy bitcoin address, you can reveal the public key hash, which can then be used to generate its respective c32check encoded Stacks address.
By performing this decoding and encoding process on Satoshi's genesis bitcoin address, he technically has his own Stacks address that only he can control (check out the diagram below to see how this is possible). That Stacks address of his would be:
SP1HEJ1XHBJZJFNA2AECYQXQGZD8EQE4F30D6H5CR
Programmatically, you could also use a method called `b58ToC32`, from the c32check js library, which can abstract the conversion for you.
I've made a L1 bitcoin "Satoshi Tribute" before to his actual bitcoin address, but also felt the need to pay homage for his lasting legacy with sBTC. The launch of sBTC on the Bitcoin L2, Stacks, is a monumental moment allowing for a decentralized manner in moving BTC in/out of Bitcoin layers. The 12170000 amount of sBTC sats sent is reflective of the date sBTC went live to the public and in the transaction memo I wrote: "Programmable Bitcoin is here"
👏great job @ECBSJ let's do it 🧑🎄
Link to the transaction: explorer.hiro.so/txid/fe2403cee…
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