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Or did the creator used his secret backup of the private-key to cash out?
no, the finder person came forward and explained how they did it. was not a scam.
>[...] the creator used his [...]

>The puzzle centered on a painting created by @coin_artist

>When @coin_artist saw [...], she knew the puzzle had finally been solved—almost three years after she created it.

Just saying.

Nice story. I was expecting some sort of steganography in the actual bits of the image. Really cool how the author was able to encode binary in the actual content of the painting rather than the pixels themselves.
Damn, I remember spending 3 or 4 hours on this some months ago. Apparently I had everything that was needed to get the key, except considering the width a variable...

Upon closer inspection of the painting, I am still unable to decide whether some of the flames are actually wide or narrow.

With price fluctuations maybe we should start saying: "5BTC puzzle solved"
Agreed, because it's only a $36,000 Bitcoin puzzle as of right now.
IMHO all references to how much of a crypto-asset someone owns should be in reference to the total BTC (or the names of the smaller units), otherwise it's just feeding into purposeful misappropriation of the word currency.
I worked on this thing for about a month around Christmas time and apparently was sort of on the right track -- missed the width bit it seems.

Kind of figured the key was a literal key and could throw enough python at it to get somewhere but unfortunately not the right somewhere.

This story reminds me a bit of Ready Player One, but on a much smaller scale.
It's really good to see when someone say something like "told me in telegram chat". Looks like telegram is getting acceptance in spite of all those blames it is getting