This painting is actually a Bitcoin puzzle worth more than $40K — and someone finally solved it | CBC Radio (2024)

As It Happens

Marguerite deCourcelle, a crypto artist, created the puzzle three years ago. She speaks to As It Happens about how her puzzle was finally solved.

CBC Radio

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This painting is actually a Bitcoin puzzle worth more than $40K — and someone finally solved it | CBC Radio (1)

Story transcript

For most people, the painting of a turtledove and phoenix is a colourful piece of art. But for one Bitcoin enthusiast, it was the key to more than $40,000 US worth ofthe digital currency.

The Bitcoin puzzle belongs to crypto artist Marguerite deCourcelle, and she's celebrating her puzzle being solved after nearly threeyears.

"He's a very brilliant man," deCourcelle told As It Happens host Carol Off about the programmer who cracked her puzzle.

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The man who solved the puzzle wishes to remain anonymous, deCourcelle explains, because he doesn't feel it is safe to have Bitcoin where he lives.

He told Motherboard that he found ita little over a month ago, after looking for a cryptocurrency puzzle he could work on with his wife. He has written an explanation on how he solved the puzzle.

What is a Bitcoin puzzle?

DeCourcelle created the puzzle during Easter2015, alongside fellow crypto artist Rob Myers, as a way to conclude a series of Bitcoin puzzles called The Legend of Satoshi Nakamoto.

This particular painting, TORCHED H34R7S, is based onof William Shakespeare's famous poem,The Phoenix and the Turtle. Within the painting, there are two pieces of information that have to be decoded in order to access the Bitcoin wallet.

The first piece of information is found in the 16different types of flames on the border of the painting, based on their colour, size and width. There are Greek symbols in each corner, which hold clues for how to read the information contained in the flames.

After that, the key to the puzzle is the literal key in the painting.

"You use the key, which has bits of information as well, as basically a cipher key to decrypt the flames and you'll have then a Bitcoin private key," deCourcelle said.

Once the player had that key, he was able to access the five Bitcoins within the wallet, which are worth, in total, more than $42,500($53,480Cdn.)

"His way that he went about it was such a logical way that it showcases his brilliance," she said.

Her inspiration

When deCourcelle made TORCHED H34R7Sin 2015, it was more than just a game. The Phoenix and the Turtle,the poem that it's based off, held significance for her at a time when her life was not going as she had planned.

This painting is actually a Bitcoin puzzle worth more than $40K — and someone finally solved it | CBC Radio (3)

"I made this almost like a prayer that my life was going to turnaround, because I made this at rock bottom," she said.

"And I felt like if I made something really amazing then, you know, somehow things would start to turn around."

'This space has given me so much opportunity'

A Bitcoinwas only worth a few hundred dollars at the time. Now, a Bitcoinisworth closer to $8,500US ($10,700Cdn) depending on the day.

ButdeCourcelle is not upset to have given away the grand prize.

"From that rock bottom time in my life, I've really had some amazing friendships, networks and just being involved in this space has given me so much opportunity that now I, myself, am a successful blockchain entrepreneur," she said.

"Itgives me an opportunity to give back to someone that really could go on and do something really amazing."

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This painting is actually a Bitcoin puzzle worth more than $40K — and someone finally solved it | CBC Radio (2024)

FAQs

Who lost the password for 7000 bitcoin? ›

They Cracked the Code to a Locked USB Drive Worth $235 Million in Bitcoin. Then It Got Weird. Stefan Thomas lost the password to an encrypted USB drive holding 7,002 bitcoins. One team of hackers believes they can unlock it—if they can get Thomas to let them.

What puzzle do bitcoin miners solve? ›

Solving the Hash Puzzle

This also helps to maintain the rate at which transactions are appended in the blockchain at 10 minutes. To solve the hash puzzle, miners will try to calculate the hash of a block by adding a nonce to the block header repeatedly until the hash value yielded is less than the target.

How does bitcoin puzzle work? ›

Solving the Bitcoin Puzzle

The puzzle is finding the random number that, when added to the block's header, generates a hash with a target number of leading zeros. Generating new numbers trillions of times per second, the miner hardware attempts to find the hash with the desired result.

What happens if you forgot bitcoin password? ›

If you have lost or forgotten your spending password, you will need to delete the sub-wallet from your device and then restore your wallet using your automated cloud backup master password or the 12-word backup phrase for your wallet. Please find instructions to restore your Bitcoin.com wallet here.

Which billionaire lost everything in Bitcoin? ›

Binance founder and CEO Changpeng Zhao (commonly known as CZ) was the crypto billionaire who lost the most money following the crypto crisis of 2022, with a net worth drop amounting to 82 billion U.S. dollars.

Who is the girl that hacked Bitcoin? ›

Heather Morgan and Ilya Lichtenstein were arrested last year in New York after police traced their riches back to the crypto heist. While evading police, Morgan masqueraded as a rapper and tech entrepreneur.

How long does it take to solve a Bitcoin puzzle? ›

How long does it take to mine a Bitcoin block? This question is easy to answer. The average block confirmation time in the Bitcoin blockchain is 10 minutes. That means that every 10 minutes, the first miner to solve the crypto puzzle receives a block reward.

What are the Bitcoin puzzles? ›

Bitcoin puzzles are 75 wallets that hold 969 BTC (approximately $25 million). Anyone can access these Bitcoins if they pick up the appropriate private keys. In this article, we will find out who created Bitcoin puzzles, how to extract Bitcoins from there, and how to create your own.

What is the reward for solving a Bitcoin block? ›

A block reward is a financial incentive given to cryptocurrency miners for validating blocks of transactions on a blockchain. The reward is typically a portion of transaction fees and cryptocurrency tokens newly minted by the blockchain network.

Does Bitcoin game pay real money? ›

It is available for Android devices and still receives regular updates. During the game, you will be earning so-called Bing points which are then exchanged for real BTC that you can withdraw to your wallet. As usual, be careful when dealing with any unknown addresses, and don't make this game a full-time job.

How many Bitcoins are left to mine? ›

2 million

How to mine Bitcoin for free? ›

Airdrops: One of the simplest methods to mine Bitcoin is through airdrops. To achieve this, crypto investors must follow Bitcoin news by subscribing to its newsletter and following it on social media. Staking– Staking entails keeping a currency in a wallet for an extended period of time.

Who lost the password to a USB drive worth $235 million? ›

They Cracked the Code to a Locked USB Drive Worth $235 Million in Bitcoin. Then It Got Weird. Stefan Thomas lost the password to an encrypted USB drive holding 7,002 bitcoins. One team of hackers believes they can unlock it—if they can get Thomas to let them.

Who owns the most Bitcoin? ›

Who Owns the Most Bitcoins? Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.

Can you put Bitcoin back into your bank account? ›

A: To transfer Bitcoin to a bank account, sell your Bitcoin on a crypto exchange for fiat currency. Link your bank account to the exchange, complete identity verification, and then withdraw the fiat cash to your bank account. Withdrawal times and fees vary depending on the exchange.

Who forgot the password for the Bitcoin programmer? ›

Crypto investor Stefan Thomas would have been sitting on a £200million fortune today if he hadn't forgotten his Bitcoin password in 2011. The German-born computer programmer lost a crucial piece of paper containing his password a decade ago - and he's been unable to access his savings ever since.

Who is the password Bitcoin guy? ›

Stefan Thomas is a bitcoin millionaire. Or, he would be if only he could remember his password. The San Francisco software developer and CEO was an early adopter of bitcoin. Back in 2011, he produced an animated video explaining how the digital currency works.

Who is the guy with Bitcoin can't remember password? ›

Stefan Thomas invested in the digital currency Bitcoin in 2011, back when it sold for just $2. Today, it sells for $35,000 per bitcoin, leaving Thomas with a $225 million fortune. The only problem — he can't remember the password to access his digital wallet.

Who is the man with the locked Bitcoin? ›

If that thought left you with a sour taste in your mouth, then wait until you hear the story of Stefan Thomas, a German-born programmer who lives in San Francisco. Thomas forgot the password to his almost $220 million worth bitcoin fortune. Yet, he has turned that experience into a meaningful life lesson.

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