We talked to the co-creator of Satoshi's Treasure, the million-dollar global bitcoin scavenger hunt

Quick Take

  • A new game to find $1 million worth of bitcoin has made waves, with nearly 40,000 players competing to solve a series of puzzles and clues 
  • Its co-creator, Eric Meltzer, told The Block about some of the tricks young groups of treasure hunters are using
  • He says he’s confident treasure hunters will find the keys, adding it would require more than just good math to win

In the latest weird-but-wonderful trend taking over the crypto community, Satoshi's Treasure kicked off this week. The global hunt for $1 million in BTC requires players to find private key fragments spread across the physical world and the internet by breaking encryptions. The first to find 400 of the 1,000 distributed pieces unlocks the treasured bitcoin wallet.

On Day 1, some 20,000 users signed up to receive the game's clue updates, including an influx of teenagers from around the world. Teams assembled to talk strategy on specially-created telegram groups and subreddits, deciding how to reach the hidden spots. One player claimed to have broken the encryption for the first three key-shards in minutes - something that should have taken weeks. Currently, there are nearly 40,000 players that signed up.

The Block spoke to Eric Meltzer, the game's co-creator, to hear about the things he's noticing from competitors. The partner at Primitive Ventures also hinted at what's in store for future rounds of keys hunting and what it'll take to top the leaderboard.

The interview has been edited for clarity and brevity.