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Virtual Satoshi Monument Goes up in Kiev, Hollywood Is Next

October 5, 2018 |

Virtual Satoshi Monument Erected in Kiev, Hollywood is Next

A Ukrainian project group has erected a statue of Satoshi Nakamoto, the pseudonymous founder of Bitcoin, in the virtual reality (VR) of a mobile app they have developed. The plan is to construct a network of virtual cities around such statues and ultimately establish a global “Satoshi Nakamoto Republic.” The monument can be seen on smartphones pointed at the empty pedestal in central Kiev where the imposing statue of Lenin used to stand for decades before it was toppled by protesters in 2013.

Also read: A Guide to Building Your Own Crypto Mining Rig

Virtual Satoshi Can Be Seen Through a
Mobile App and VR Glasses

Virtual Satoshi Monument Erected in Kiev, Hollywood is NextThe new Satoshi Nakamoto monument now greets residents and guests of the Ukrainian capital at the intersection of Taras Shevchenko Boulevard and Kreschatik Street, right across from the landmark Bessarabsky market. Those who have downloaded and installed the Satoshi Nakamoto Republic app, already available for Android and iOS devices, can enjoy a 360-view of the statue and take a selfie in front of it. In the app, they’ll see a three-headed virtual figure with a Robocop-style bottom half and a politically correct top half representing different genders and races. It has a Bitcoin symbol stamped on its bare chest and Vitalik Buterin’s face tattooed on the back.

The statue was inaugurated after a colorful procession through the streets of Kiev, with supporters waving the sky-blue banners of the republic and holding signs reading “Return the Rate of $ 20,000 for One Bitcoin” and “We Want Pension in Bitcoin.” The digital Nakamoto didn’t look too outlandish in the company of some of the characters in the crowd — yes, Santa Claus was there, too.

Virtual Satoshi Monument Erected in Kiev, Hollywood is Next

During the opening ceremony, Alexander Soroka, founder of the Satoshi Nakamoto Republic, spoke about the ideas behind the installation and why Ukraine has become the first country to honor the creator of Bitcoin in such a unique way. The event was attended by local officials such as Yuri Nazarov, director of the Department of Information and Communication Technologies of the Kiev municipal government. Representatives of innovative businesses also showed up, in addition to foreign guests such as the founder of Coin Japan, Satoshi Mishima.

Virtual Satoshi Monument Erected in Kiev, Hollywood is Next

Next Nakamoto Statue to Show Up on
Hollywood Walk of Fame

The authors of the project plan to build a network of virtual cities, starting with a statue of Satoshi Nakamoto in the central, virtual square of each municipality. In the augmented reality (AR) of these cities, participants will be able to create virtual objects and avatars, purchase virtual plots of land and other property, construct or lease buildings and buy advertising space on billboards. All of these will be seen through smartphones and AR/VR glasses running the special application, after users scan a QR code.

Virtual Satoshi Monument Erected in Kiev, Hollywood is Next

According to a press release, Andrey Moroz, co-founder of the Satoshi Nakamoto Republic, has been appointed as the first mayor of the virtual Kiev city. He will be responsible for coordinating the installation of VR objects and providing advice to potential investors on the acquisition of land and property. The republic is currently looking for “founders” around the world who are willing to buy the first virtual plots.

Virtual Satoshi Monument Erected in Kiev, Hollywood is NextThe second virtual monument devoted to the enigmatic creator of Bitcoin will be installed on the Hollywood Walk of Fame in Los Angeles on Nov. 3 this year, the project’s representatives announced. The Ukrainians claim they have already found supporters for the next virtual statue to be erected in Miami, Florida.

The idea to create virtual monuments of Satoshi Nakamoto was born from a partnership between the Satoshi Nakamoto Republic and Younk, a community-based music label using blockchain. Local media reported that Raccoon World, a Ukrainian VR/AR and robotics company, was also involved. Previously, the Satoshi Nakamoto Republic team was planning an initial coin offering to raise funds to finance the purchase of an island where a Satoshi Nakamoto City was to be established and the biggest physical monument of Nakamoto built, as part of a project to set up a “virtual decentralized blockchain republic.”

What do you think about the Satoshi Nakamoto Republic project and its virtual statues of the founder of Bitcoin? Tell us in the comments section below.


Images courtesy of Satoshi Nakamoto Republic.


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The post Virtual Satoshi Monument Goes up in Kiev, Hollywood Is Next appeared first on Bitcoin News.

Bitcoin News

A Decade After Lehman Brothers Died: Mises, Satoshi, Bitcoin, and Wall Street Worship

September 15, 2018 |

A Decade After Lehman Brothers is Defunct: Mises, Satoshi, Bitcoin, and Wall Street Worship

September 15, 2018 brings the post-industrial financial world to a ten-year milestone. Lehman Brothers Holdings Inc. was officially shuttered on this day in 2008, rocking the entire planet. The event occurred just 110 days before a revolution its collapse helped to spawn: Bitcoin. A little-known economic philosopher, Ludwig von Mises, tried to warn many years ahead about the perils of allowing politicians to issue and steer money.

Also read: Overstock to Offer Bitcoin for Sale After Acquiring Bitsy.com Biometric Wallet

Mises Warns Fifty Years Prior

Investment banks successfully captured levers of government regulation, both sectors preying upon the need for housing, and together they created a moral hazard, leading to what is known as malinvestment, as predicted by a cranky, marginalized mid 20th century economist, Ludwig von Mises.

This is what happens when governments control money.

The phenomenon may have also helped hasten Satoshi Nakamoto’s white paper to be made flesh, as in early January of the following year, the Bitcoin network mined its first block. While the cryptocurrency phenomenon was founded in direct opposition to Wall Street and its finance system, what a difference ten years has made. Almost all happy talk the community engages in at present can be categorized as Wall Street worship: crypto enthusiasts now work to be absorbed into the very system predecessors once despised.

A Decade After Lehman Brothers is Defunct: Mises, Satoshi, Bitcoin, and Wall Street Worship
The genesis block’s not so subtle encoded shot at legacy finance.

Known as the Dean of the Austrian School of Economics, Ludwig von Mises (1881-1973) wrote in his magnum opus Human Action, “A lowering of the gross market rate of interest as brought about by credit expansion always has the effect of making some projects appear profitable which did not appear so before…It necessarily brings about a structure of investment and production activities which is at variance with the real supply of capital goods and must finally collapse.”

And by September 15th, 2008, ten years ago to the day, Misesean analysis worked its unforgiving way through Lehman Brothers investment bank, giving to dreary picturesque scenes of employees carting their belongings out of a shuttered building. The pre-Civil War American institution, fourth largest of its kind in the US, was under Chapter 11 liquidation bankruptcy orders. Not even the federal government could help it. When the dust finally settled, the bank was broken up between financial ghouls, vultures such as Barclays (itself over three centuries old) of the UK and Japan’s Nomura Holdings Inc. (the baby of the group at slightly less than 100 years), for pennies on the dollar.

A Decade After Lehman Brothers is Defunct: Mises, Satoshi, Bitcoin, and Wall Street Worship
Indexes during a six-month period on Lehman’s bankruptcy. Within two weeks both set new all-time highs. Trust that binds financial institutions collapsed, and critical funding markets came to a virtual standstill. The amount of fear paralyzing markets was unprecedented. 

The Romance of Easy Credit, Loose Money

To pound home the point further still, and it’s worth quoting at length, Mises argues a half century before history reveals him as an economic sage, “However conditions may be, it is certain that no manipulations of the banks can provide the economic system with capital goods. What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The boom is built on the sands of banknotes and deposits. It must collapse.”

Lehman, to be fair, was more a broader symptom than true cause. Lehman Weekend, as it became known, was then the largest bankruptcy in its country’s history, testimony to the institution’s influence politically and in the financial world. The 2000s were a culmination of decades-long agitation by American progressives to fit everyone with a house, a home, ownership, and what would amount to a mortgage.

A Decade After Lehman Brothers is Defunct: Mises, Satoshi, Bitcoin, and Wall Street Worship

A romantic idea insured and backed by the imprimatur of the US government, it helps explain just why, why indeed, banks would ultimately loan to folks who could not repay. As a matter of basic logic, one must grant the business of modern fractional reserve banking is to make loans, selling money, and to then profit on the difference in interest rates, a classic model.

That any of those loans, never mind a sizable chunk or even a majority, would be bad or “subprime,” below standard, must have some kind of backdoor guarantee. Someone must signal a willingness to cover markers should they be called. That someone was the US federal government through a variety of exotic insurance and incentive policy programs.

A Decade After Lehman Brothers is Defunct: Mises, Satoshi, Bitcoin, and Wall Street Worship
Footing the bill with unemployment.

Lessons the Current Bitcoin World Would Do Well to Heed

As Mises divined so many years ago, it all starts out really great, helping first movers, those who grab the filthy lucre in the beginning. “The final outcome of the credit expansion is general impoverishment,” he continued in Chapter 20 of Human Action.

“Some people may have increased their wealth; they did not let their reasoning be obfuscated by the mass hysteria, and took advantage in time of the opportunities offered by the mobility of the individual investor. Other individuals and groups of individuals may have been favored, without any initiative of their own, by the mere time lag between the rise in the prices of the goods they sell and those they buy. But the immense majority must foot the bill for the malinvestments and the overconsumption of the boom episode,” he warned.

A Decade After Lehman Brothers is Defunct: Mises, Satoshi, Bitcoin, and Wall Street Worship

“The root problem with conventional currency,” a signed post as Satoshi Nakamoto appeared early February of 2009, echoing Mises of yore, “is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.”

Governments have simply inflated their way out, potentially setting up yet another bust began by cowardly politicians. It doesn’t help matters when enthusiasts too have lost their philosophical fastball, choosing to snuggle up to Wall Street. One doesn’t need to be an obnoxious, bongo-playing Occupy hippy to guess mainstreaming in such a way could doom the entire point of crypto’s promising future. “I’ve developed a new open source P2P e-cash system called Bitcoin. It’s completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust. Give it a try,” Satoshi Nakamoto asked almost ten years ago. Today, that casual request reads like a rallying call to arms.

What are the lessons, if any, you believe can be learned from the Lehman scandal? Let us know in the comment section below.

Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of Bitcoin.com. The web portal and firm Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.


Images via Shutterstock.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post A Decade After Lehman Brothers Died: Mises, Satoshi, Bitcoin, and Wall Street Worship appeared first on Bitcoin News.

Bitcoin News

New Satoshi Challenger Tells All — But Is He Legit?

September 2, 2018 |

New Satoshi Challenger Tells All — But Is He Legit?

Just recently we reported on new information concerning the hunt for Satoshi Nakamoto. Following a summary of suspects, we ended the report with the first part of an interview with a man who believes he was a member of the Satoshi Nakamoto group. Unfortunately, Phil Wilson, the man who says he was an original Satoshi Nakamoto member, alongside Craig Wright and David Kleiman, has no verifiable proof because at the time he was afraid of a government crackdown. To continue where we left off during our last article, we chatted with Wilson to hear more of his story.

Also Read: New Information Heightens Satoshi Nakamoto Mystery

Phil Wilson Claims He is 1/3rd Satoshi Nakamoto

New Satoshi Challenger Tells All — But Is He Legit?
Phil Wilson aka ‘Scronty.’

According to Phil Wilson, a man who claims to be a member of the Satoshi Nakamoto group, he is a self-taught software programmer and cryptographer. Last year Wilson published a story called ‘Bitcoin Origins,’ asserting he is 1/3 of the Satoshi Nakamoto group. After the story was published, nobody really took notice until New York Times journalist Nathaniel Popper tweeted about the story on February 13. However, Popper and many other members of the Bitcoin community dismissed Wilson’s origin story when Martti Malmi, an early developer and one of the older owners of Bitcoin.org, said, it “Never happened. Also: signature or GTFO.”

New Satoshi Challenger Tells All — But Is He Legit?
Nathaniel Popper tweets about Wilson’s origins story then explains in the following tweet that Martti Malmi told him it was not true.

Craig Wright also calls Phil Wilson a fraud and a ‘Scam-toshi,’ and has stated earlier on that Wilson (aka ‘Scronty’) has not had any involvement with the creation of Bitcoin. A Disqus profile that allegedly belongs to Wright also shows him telling Wilson that he is “scamming and no, there is no project Prometheus.” As we mentioned during our prior report, Wright has spoken out about Wilson again this week calling ‘Scronty’ a scammer and an extortionist, and this September Wright says he plans to publish proof of this claim. Following these statements, Wright also wrote another tweet in regards to Wilson’s claims. 

“There is a reason why Phil Wilson is in none of the communications, yet he knows details of bitcoin (with critical mistakes),” explains Wright on September 1. “Company hard drives were taken and sold by an ex-employee in 2015. Never trust all you steal. We added false info as ‘Easter eggs’ for just this reason.”

Phil Wilson still confirms that his story is legitimate and believes he has every right to tell it, even without evidence. He doesn’t care that people consider him a ‘nutter in the corner of the web,’ and believes his origin stories are meaningful to the history of bitcoin’s early days. The fact is, there are many suspects involved with the Satoshi Nakamoto mystery, and even some who straight up claim to be Nakamoto or a part of the group. But so far no person claiming to be Satoshi has proven themselves to the satisfaction of the general public, because most of the evidence has been circumstantial and some say contrived. Here is the remainder of our 2-hour discussion with Phil Wilson otherwise known as ‘Scronty.’ 

‘Without Verifiable Proof, No-One Can Claim to be Satoshi’ 

News.Bitcoin.com (BC): I’m sure you’ve seen Craig’s recent comments. What do you have to say about them?

Phil Wilson (PW): Craig seems to be a tad aggressive towards a supposed ‘no-body.’ 

BC: Ok. But you say you worked with Craig and Dave?

PW: I initially was trying to help Craig with his attempt at an electronic cash. I left his project in mid-May 2008 when it became apparent that it would never work. Then I started my own project in early June 2008 and got Dave and Craig to help me with it.

BC: That would be the original client? 

PW: Yep — What everyone knows as Bitcoin evolved out of my project, not Craig’s. Practically nothing from his code was left. Only the generic crypto functions were taken from his codebase (which was copy/ pasted from elsewhere). The white paper he’d been working on from before 2007 was effectively thrown out. It was complete junk. Just a mish-mash of other people’s white papers.

BC: You say you have no hard evidence though to corroborate with your story. Is this true? Only you do say that if someone contacts ‘Bitboy’ he would know about the logo creation and could confirm your origins story. But Bitboy doesn’t seem to be around anymore at least not since 2015.

PW: Correct. Last Bitboy activity on bitcointalk board appears to be late 2015. He’s a Chinese native living abroad. I’m pretty sure he was only one time zone away from me, so it’s likely he was in Indonesia. 

New Satoshi Challenger Tells All — But Is He Legit?
Martti Malmi an early Bitcoin developer and community member says Phil Wilson’s story is false.

BC: Ok so why don’t you have any hard evidence?

PW: Without any verifiable proof, no-one can claim to be Satoshi. As it says in the story, I deleted everything. If you had folks boasting on a message board that they were paying private investigators thousands to track you down, you’d do likewise. 

If private folks were doing that, then most likely three-letter-agencies were also investing resources for tracking you down. 

BC: Why is Craig calling you a fraud and an extortionist?

PW: Craig has ‘issues.’ I would only be able to blackmail or extort if I had verifiable proof.

Evidence or documents or something. I haven’t anything at all. In emails in late 2016, I was asking *him* for the development emails between us. I don’t know who the trustees are, where it’s held, etc. I was completely reliant upon Dave for keeping those secrets.

BC: Are you a key holder? 

PW: Mine is the GMX key. The backdated one to trap Craig if he tried to use it. I had Dave keep it (so I wouldn’t have anything on my machines if there was a knock on the door). He must’ve given a copy to Craig for safe keeping.

BC: Is Craig the only one left with all the secrets? 

PW: Craig only has some of the secrets. I had Dave keep all of mine and forbade him from telling Craig. I don’t have any keys, documents, emails, IRC logs, etc. That’s stated in the Bitcoin Origins story in the disclaimer. So I cannot confirm anything. I can only go for plausible.

BC: So why do you want people to know you had a part in all this without proof?

PW: For the Bitcoin Origins story, I think it’s important to folks to have a chance to see the thinking process behind solving an impossible problem. To encourage others who keep being told to stop working on a solution no-one else has come up with. The Orange Bitcoin logo instructions (and the Feb 2010 gold coin logo instructions) are an important part of Bitcoin history which the public was never told about.

The only people who knew about the orange logo was me, Bitboy and Dave. Craig was never told I designed and wrote the instructions for the orange logo so that, if he ever turned against me, I’d be able to show something he never knew. A handful of helpers in the outer Satoshi group were given the draft copies of those instructions (for the Bitcoin B symbol only). Only I knew about the instructions for the gold coin portion of that logo.

Craig gave his word that he’d never ever claim to be Satoshi. He’d never claim to be the inventor of the tech. He’d never allow others to believe he invented the tech. And, when I gave him permission, he was to post publicly using the Satoshi handle on Bitcointalk that I was the one behind it all. Craig has broken his word. 

BC: Do you think Craig is going to expose you for something this month?

PW: He’s claiming I was blackmailing or extorting him for coin. You can only do that with some kind of evidential proof, of which I have none. All I did in a few emails was ask what happened to my half of the coin. I never expected him to take this angle that I was a fraud and a scammer.

I thought he’d be elated I was finally able to get in touch with him again. Of course, at that time, only a few memories had returned and it would be another year before I recalled about him becoming mates with another Jamie Wilson so that he could push me out of W&K. 

BC: Why is there no mention of you in the W&K documents?

PW: Dave wanted me to be the authorised officer. I agreed. I told Dave I didn’t want my real name associated publicly with W&K in case things went south. He told me that an authorised officer had to have their details public. I told him to find another way, even if he has me inside an offshore trust or company and that company or trust is the authorised officer. I made sure not to know the details. 

BC: Do you talk to Ira Kleiman?

PW: We’ve exchanged emails since early 2017. I knew the court case was coming, however, I was asked to keep quiet. From his side, he only wants documented proof of Dave’s place in the Bitcoin saga. From my side, I wanted him to send me any info from Dave’s side regarding me.

BC: Do you feel Craig has wronged Dave’s family and estate?

PW: He’s wronged us all. However, without proof, there’s only so much you can do.

BC: Would Ira give you a portion of the proceeds if he won the court case? 

PW: Without proof, I doubt Ira would give me anything. And he shouldn’t in any case. From everyone’s perspective, I could be a raving nutter in one corner of the web. If it encourages those with documentation to step forward and show what really happened, then having the story out there is a bonus. When I made that post about NOPs and a couple of folks asked some questions, it wasn’t with the expectation that it’d blow up like this.

BC: Would you agree that both you and Craig lack evidence?

PW: There’s a lot of psychology and manipulation of the masses involved in all of this. Not on my part, of course. I haven’t begun to play yet.

New Satoshi Challenger Tells All — But Is He Legit?
A Disqus profile claiming to be Craig Wright argues with Scronty calling him a ‘scammer’ on an old news.Bitcoin.com article.

BC: You said you consider yourself a ‘nobody.’ Why is Craig then considered a ‘somebody’ who is respected by certain groups of people in this community? 

PW: Perception of authority. People are hard-wired to be attracted towards those who appear to be an authority figure. He most definitely has a few keys lying about so that he can be selective to only prove himself to certain people. Holding keys doesn’t mean they’re yours though. However, it’s far more than anyone on the planet has got.

They’re still supposed to be locked away in the trust. Initially, by just signing with the PGP keys the trustees were supposed to release some. Later on, when multi-sig was coded up they were supposed to be transferred into new multi-sig addresses. Don’t know what was actually carried out.

BC: Why on earth would you literally remove everything that was tied to you and the Satoshi Nakamoto identity? 

PW: Back then, we all were concerned about how the governments and banks would take the tech. Plausible deniability for everything. If anyone’s IPs leaked, it wouldn’t get back to me.

What do you think about Phil Wilson’s story? Do you think he is telling a tall-tale or do you think there’s some truth to his words? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Twitter, and Disqus. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post New Satoshi Challenger Tells All — But Is He Legit? appeared first on Bitcoin News.

Bitcoin News

New Information Heightens Satoshi Nakamoto Mystery

September 1, 2018 |

New Information Heightens Satoshi Nakamoto Mystery

For close to ten years many people have been on the hunt for the elusive Satoshi Nakamoto, creator of the decentralized technology called Bitcoin. This year the race to find the anonymous character, or group of individuals, who designed the peer-to-peer electronic cash system has been hotter than ever with more clues left behind — Here’s what we know so far. 

**This is part one of a two-part story. Part two features a full-length interview with a man who claims to be a member of the Satoshi Nakamoto group, but has no verifiable proof.** 

Ten Years Worth of Satoshi Nakamoto Suspects, Dead Ends, and Now the Growing Trend of Group Theories

New Information Heightens Satoshi Nakamoto MysterySatoshi Nakamoto is the anonymous creator of the Bitcoin technology and the entire cryptocurrency economy today is based on Nakamoto’s words and original code. Satoshi is an unknown person or group who wrote the original white paper, launched the network, made the first transaction, communicated with software developers between 2008-2010, and possibly possesses over 1 million bitcoins. Since the creation of blockchain technology lots of people and news-outlets like Newsweek, Wired, Gizmodo, BBC, GQ, New York Times, Bloomberg, Fast Company, and many others have tried to uncover the mystery. There’s a lot of evidence, clues, and research on the subject and multiple suspects.

Some people believe knowing who Satoshi is doesn’t matter. Other people believe Bitcoin’s creator does matter, as he could possibly help with scaling conflicts, and then there’s the possibility of the alleged 1M bitcoins mined could affect the price if they were dumped on the market. Either way the hunt for Satoshi just out of mere curiosity alone has encouraged armchair sleuths and journalists to seek out the unknown person(s).

A Crypto Genius

New Information Heightens Satoshi Nakamoto Mystery
Hal Finney.

One of the first suspects in the search for Nakamoto is Hal Finney, a man who worked with Satoshi during the early days testing the protocol. Finney was an excellent cryptographer and was allegedly the first person to run the original Bitcoin protocol. Back in 2014 the journalist Andy Greenberg wrote an article called “Nakamoto’s Neighbor: My Hunt For Bitcoin’s Creator Led To A Paralyzed Crypto Genius” which explains that Hal Finney could have been Satoshi. According to Greenberg’s article, Finney could have also helped the Satoshi group ‘ghost write’ some of the writings shared online. The reason this theory is bolstered is because the well-known writing analysis organization, Juola & Associates, detailed that Nakamoto’s and Finney’s writings had the closest resemblance.

Similar Writing Style 

New Information Heightens Satoshi Nakamoto Mystery
Nick Szabo

Another accused person who many people believe is Satoshi is the computer scientist Nick Szabo. The financial author Dominic Frisby had shown some circumstantial evidence in his novel connecting Szabo to Nakamoto. Szabo has denied being Nakamoto in an email to Frisby concerning the subject. Furthermore, Szabo has been linked to Satoshi Nakamoto through a writing analysis called stylometry. A writer named Skye Grey (and others) seem to believe Szabo’s writings are very similar to the Bitcoin white paper. 

The Fake News Victim

New Information Heightens Satoshi Nakamoto Mystery
Dorian Prentice Satoshi Nakamoto denies being involved with Bitcoin.

In 2014 the reporter Leah McGrath Goodman wrote an article for the publication Newsweek which said a Japanese American man living in California was the elusive creator of Bitcoin. Dorian Prentice Satoshi Nakamoto, whose real birth name is Satoshi Nakamoto, is an engineer who worked on many classified defense projects as a contractor for multiple businesses. The Newsweek reporter’s ‘evidence’ was when she asked Dorian about Bitcoin he replied: “I am no longer involved in that and I cannot discuss it.” However, after the article had published Dorian denied being involved with the creation of the Bitcoin technology and said he misinterpreted Goodman’s original question. Dorian has been praised as a lovable guy who was a victim of bad journalism.

Craig Wright & the Group 

The Australian academic Craig Steven Wright first got major attention on December 8, 2015, after appearing with his partner David Kleiman in two articles written by Wired, and then Gizmodo. Allegedly a hacker had stolen emails from Wright which explain that he and Kleiman were part of the Satoshi Nakamoto group, which may also have had 1-2 more players. There are numerous other articles by Motherboard Vice, and others that have different clues to the Craig Wright case. After the articles, Wright subsequently deleted his online presence and wasn’t heard from again until May 2, 2016.

New Information Heightens Satoshi Nakamoto Mystery
On December 8, 2015, Gizmodo and Wired revealed a very interesting story concerning Craig Wright’s involvement with Bitcoin. Original cover photo via Gizmodo. 

In 2016, Wright reappeared and claimed he was Satoshi Nakamoto, and when he returned both Gavin Andresen and Jon Matonis vouched for his claim. Furthermore, Wright attempted to show cryptographic proof that he was Satoshi Nakamoto, but these claims were refuted by some researchers and called fraudulent by others.    

New Information Heightens Satoshi Nakamoto Mystery
Craig Wright.

Now this year more clues have been unraveling in regard to the Craig Wright case. Back in February 2018, Wright was sued for billions by the family of David Kleiman. The case  9:18-cv-80176-bb filed in Florida explains the plaintiff Ira Kleiman wants a settlement for 300,000BTC. According to the case, which also corroborates with the Wired and Gizmodo articles, the court documents explain that Wright, Kleiman, and possibly others have keys to a BTC trust held in escrow in Seychelles which may unlock in 2020. The ‘Tulip Trust’ will allegedly give Wright 1 million BTC, and Ira Kleiman (David’s sibling) believes his brother’s estate deserves their share. Evidence online shows that Wright and Kleiman were partners in business, along with a secretary named Uyen Nguyen whose online presence has disappeared. Other than that, the main evidence from case 9:18-cv-80176-bb stems from the emails Ira Kleiman has and stories his brother David told him.

New Information Heightens Satoshi Nakamoto Mystery
David Kleiman a suspected member of the Satoshi Nakamoto group.

Another Player? 

Then on August 29, a man named Phil Wilson, who has written some interesting topics on the origins of Bitcoin last year, discussed the ‘Tulip Trust’ on Twitter. Wilson claims to be a member of the Satoshi Nakamoto group, and worked with Wright and Kleiman on the project during the Genesis days. Wilson has also written about the creation of the Bitcoin logo, and explains that he was the person who designed the original symbol. However Wilson says “I don’t have access to any emails or IRC logs to reference and confirm specific events, actions or dates, but it’s not complete fiction because some of the main events took place similarly to how I’ve recalled them.” Wilson says his “assistants/ surrogates” were Dave Kleiman and Craig Wright, and they mostly knew him as ‘Jamie.’ Moreover, Wilson details that on January 1, 2020, the 1 million BTC in the trust addresses will unlock and Wright will have access to the funds.

News.Bitcoin.com Speaks With Phil Wilson AKA ‘Jamie Wilson or Scronty’

However, a few days later after Wilson tweeted about the ‘Tulip Trust,’ Wright wrote four posts on Twitter specifically directed at Wilson’s recent statements and origin story.   

“One thing I will say  Phil Wilson knew nothing at all about bitcoin before 2011 and that he tried to extort me for money  I shall provide sufficient evidence to enable a criminal fraud prosecution against “Scronty,” explains Craig Wright on August 31. “This material shall be compiled and released in September  It shall include his extortion attempt and far more  Sorry  He has nothing to do with Bitcoin, and his fall will be an example.”

There is no Phil ‘Jamie’ Wilson — Jamie Wilson is a completely separate person to Phil Wilson. So, any emails involving myself and Jamie are unrelated to P Wilson’s identity fraud.

An Interview With Phil Wilson Part One

New Information Heightens Satoshi Nakamoto Mystery
Phil Wilson.

Following this, news.Bitcoin.com discussed the Bitcoin ‘origins’ story with Phil Wilson who doesn’t have any hard evidence that he was part of the group, but says he has the right to express his memories. We asked him about the latest Twitter statements Craig Wright was writing publicly about him and his online alias ‘Scronty.’

“Craig seems to be a tad aggressive towards a supposed ‘no-body,’” Wilson explains to news.Bitcoin.com.

News.Bitcoin.com (BC): Ok. But you say you worked with Craig and Dave?

Phil Wilson (PW): I initially was trying to help Craig with his attempt at an electronic cash. I left his project in mid-May 2008 when it became apparent that it would never work. Then I started my own project in early June 2008 and got Dave and Craig to help me with it.

BC: That would be the original client? 

PW: Yep — What everyone knows as Bitcoin evolved out of my project, not Craig’s. Practically nothing from his code was left. Only the generic crypto functions were taken from his codebase (which was copy/ pasted from elsewhere). The white paper he’d been working on from before 2007 was effectively thrown out. It was complete junk. Just a mish-mash of other people’s white papers.

To be continued: The rest of the interview with Phil Wilson will be published in its entirety in the next part of this story.

What do you think about the latest clues concerning Satoshi Nakamoto’s identity? Do you believe any of these theories and claims? Let us know what you think in the comment section below. 


Images via Shutterstock, Wiki Commons, Twitter, Gizmodo, Newsweek, and Pixabay.  


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Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

August 14, 2018 |

Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

The path to a cryptocurrency revolution might just run through a sleepy Austin, Texas industrial park, home to offices of Cody Wilson and his company, Defense Distributed in the United States. Parallels exist between downloadable files from a website, allowing users access to 3D printable firearms, and a permissionless, decentralized, censorship-resistant medium of exchange. If the world’s most powerful government succeeds in preventing Mr. Wilson from engaging in basic speech, hold on to your electronic wallet because it could be next.  

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

You Are Responsible Enough to Read Unapproved White Papers and Controversial Firearm Schematics

The fate of cryptocurrency’s future could very well rest in the hands of a 30-year-old former law school student who has been called The Most Dangerous Man in the World by Wired magazine. No one could have foreseen this, of course, least of whom Satoshi Nakamoto when he delivered his white paper, Bitcoin: A Peer-to-Peer Electronic Cash System not quite a decade ago.

In it, the pseudonymous author went about detailing technical aspects of a trustless digital cash system with a decentralized audit log, a database conferring immutability for transaction recordings. The history is well known by most Bitcoiners, and today an entire universe of variations on that Bitcoin theme have sprouted.

Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

They’ve done that because, for the most part, a healthy portion of the world has access to critical information regarding cryptocurrencies. And it is a universe unto itself: initial coin offerings, alternative coin projects, tokenizing, blockchain technology, speculation, exchanges, crypto loan products, etc. The list is virtually endless. What is in store for decentralized, digital money is in large measure up to how governments react.

A sizeable number of enthusiasts will suggest there is no scenario by which crypto can be completely snuffed out. This is true as far as we understand at the moment. It is always dangerous to underestimate the power of government, however. A few twists and legal turns here, a few draconian laws there, and, yes, even Bitcoin could be stifled, albeit not killed outright – the genie is surely too far from the bottle now for Bitcoin to be snuffed out.

Cody Rutledge Wilson is Satoshi Nakamoto

Governments have every incentive to make life hard for Bitcoiners, even if such policies seem largely benign at the start. If cryptos gain adoption on a massive scale, it is not inconceivable that crackdowns could begin. In the United States this will happen under the pretext and ruse of its legal system. The media, always looking to be law enforcement’s lapdog, may dutifully portray those who dabble in crypto as criminals or worse. It’s not difficult to see this already happening in pockets of the US.

All it will take is precedent, a legal prosecution upholding the idea some thoughts are too dangerous to allow digitally. If said thoughts are too contrary to government whim, and courts agree, applying a vague standard of censorship, it could have major ramifications for cryptocurrency adoption.

Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

That standard already has one puzzle piece: Ross Ulbricht and Silk Road. Mr. Ulbricht, when all was said and done, was convicted for operating a website where illegal goods and services exchanged. He was given two life sentences, and without the possibility of parole. Have a website where people engage with it and wind up doing something illegal, and the publisher/owner is on the hook for legal consequences.

Enter Cody Rutledge Wilson, the notorious cryptoanarchist in Austin, Texas who shocked the world five years ago when he squeezed off the first shot from a printed plastic 3D mold. At the time, Mr. Wilson was considered a nuisance, an attention-seeker whose weapon, The Liberator, was thought to be irresponsible at most. Just as quickly, however, the US Department of State sought jurisdiction over Mr. Wilson’s project.

Cody Rutledge Wilson is Julian Assange

The bureau sent a cease and desist order to Mr. Wilson and his nascent company, Defense Distributed. The letter briefly explained hosting downloadable 3D gun files would be in violation of an international arms act. Mr. Wilson immediately cooperated, taking down CAD files which by that time had been downloaded some 100,000 times.

He was subsequently interviewed by authorities, and sent on his way as an ideological crank. He has never been arrested. He has never been charged with a crime. After waiting years for clarification on the substance of the State Department letter, Mr. Wilson lawyered up and went proactive. He sued the federal government on two grounds: First Amendment speech and Second Amendment right to keep and bear arms.

Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

In the United States, the first ten amendments to its constitution are known as the Bill of Rights. They were a compromise to get the constitution ratified back in the late 18th century, assuring skeptical states the federal government would be kept in check on critical issues. The First Amendment begins “Congress shall make no law ….” No law. Not one. Not three because three is a small number. Not a few because, gosh, things are bad. No. Law. Essentially five basic freedoms flow from it: religion, speech, press, assembly, petition. Speech was considered so central to the US founding it was among the first freedoms congress (lawmakers) were prevented from abridging. No. Law.

The Second Amendment is particular to the US in that it has been interpreted to mean a citizen has the right to own firearms, something most governments are loath to admit. More mainstream groups over the years have attempted to champion gun sports and hunting as viable reasons to have such access, but let us no longer mince words: the Second Amendment exists to enable citizens to shoot corrupt government officials. Governments might have overwhelming armaments and technology, but resistance to tyranny has been won with far less. Gun control simply means persons in government costumes with guns will stop others from possessing certain firearms, and, if successful in this case, even so much as reading about them.

Freedom.Bitcoin.com

On August 1st of this year, Mr. Wilson again published firearm files on the Defense Distributed website. He was able to do that because after agonizing legal arguments and court battles, the federal government knew they would ultimately lose on the merits. So they did the next best thing, considering. They struck a deal with Mr. Wilson. He would be able to host those files. Almost immediately, states’ Attorneys General filed injunctions, once again, to have the files removed. Mr. Wilson complied, even after having a formal agreement in place. It appears each state, or most of the 50, will come after Mr. Wilson one at a time, attempting to ruin him financially. They want Cody Wilson to give up and go away.  

There will be many attempts to manipulate this issue, many ways to frame it for the broader public and opportunistic politicians. It is beyond understandable to be wary of guns, to associate them with vicious forms of violence. A lot of Bitcoiners are enthusiasts because crypto is such a peaceful pursuit. To read decentralized money is on par with decentralized firearm access could be unsettling at first. And readers might need time to chew on the idea before coming fully onboard. Perhaps as readers are reminded by the hectoring of friends, family, government officials, “Why do you need cryptocurrency? We already have digital money backed by the country! Why do you get to be your own bank? Shouldn’t banks have the right to know what you’re doing with that money? Everyone should pay their fair share in taxes, including cryptocurrency users!” they’ll begin to see how ominously close digital assets are to digital firearm files.

Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

No need to become a raging gun nut. No need to even own a gun. The key principle is no person should have the power to take that choice away from someone else. And, yes, Bitcoin.com is a business, and we’re working night and day to bring about more economic freedom to the world through bitcoin cash. Our corporate mission is to also work toward a less coercive, more voluntaryist community.

Censorship is particularly odious because it robs people of thought, new ideas, inquiry, the science of innovation. We believe you’re smart enough, good enough to handle reading a firearm blueprint should you be so inclined. So should everyone else. We believe you’re smart enough, good enough to handle being your own bank, deciding with whom you wish to trade. So should everyone else.

OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.

Do you think it’s important to support projects like Defense Distributed? Let us know in the comments section below. 


Images via Pixabay.


Be sure to check out the podcast, Blockchain 2025; latest episode here. Want to create your own secure cold storage paper wallet? Check our tools section.

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Satoshi Nakamoto Hunted Internationally, Bounty Grows

August 11, 2018 |

Satoshi Nakamoto Hunted Internationally, Bounty Grows

#Findsatoshi is the latest effort to galvanize worldwide support in order to, once and for all, find the enigmatic creator of Bitcoin, Satoshi Nakamoto. The group has taken to an international crowdfunding campaign, enlisting world class private detectives from Japan to New York, and everywhere in-between. 

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

#Findsatoshi Hunt is On

Estonian German Neff has taken to a Russian crowdfunding site, hoping to raise nearly a quarter million dollars to finally discover the true identity of Satoshi Nakamoto, Bitcoin’s pseudonymous father. With funds collected, the aim is to hire private detectives from all over the world: Japan, New York, London, and Russia.

“It’s about time we found Satoshi Nakamoto,” Mr. Neff explains. “Before the new economy gained momentum and until Bitcoin did not cost nearly $ 20.000, digital money could have been called ‘geek pampering.’ The appearance of Bitcoin is widely compared to supernova explosion. And after one has happened, some uncertainty started to take place.”

Satoshi Nakamoto Hunted Internationally, Bounty Grows

Satoshi Nakamoto’s true identity has been speculated for years. The search for him has turned hilarious, sad, and, at times, profound. Mainstream media coverage has a horrible track record. Outlets such as Newsweek insisted they’d found him, turning the affair into a giant circus, causing a befuddled gentleman and his family severe disruption of their lives. Wired magazine is good for at least once a year embarrassing itself with many thousands of words articles really, really, really sure this time they’ve uncovered the truth about Satoshi Nakamoto.

Nevertheless, Mr. Neff insists, “Satoshi needs to be found. And it is not just a trite curiosity. Now the market is on a fragile balance; for the further development of cryptocurrency, we need to know who created crypto and why. Was it really an enthusiast who gave the world an independent currency or was it a group of people pursuing scientific or purely selfish purposes? Or perhaps Bitcoin is an invention of a large company or an IT giant that decided to take a new direction? Can Bitcoin be the state invention, created with the purpose to control all transactions? There are many assumptions as to who might be behind this, but neither theory has been confirmed.”

Satoshi Nakamoto Hunted Internationally, Bounty Grows

International Hunt

At press time, the campaign has raised nearly 3,002,700 ₽ ($ 44,000) through Russian crowdfunding site, Boomstarter (one of the largest of its kind in Eastern Europe, well known for startup presales). Using what it calls ‘blockchain technology,’ the company claims to be able to offer fundraising services internationally.

“We, the international group of crypto-enthusiasts #Findsatoshi,” the Boomstarter page announces, “are initiating an international search for the creator of Bitcoin, Satoshi Nakamoto. The world needs to be sure that the cryptocurrency is not a global fraud. We, the fans of cryptocurrencies who sincerely believe in the ideals behind the digital money, should know who has more than 1 million coins in their wallet. And who could overthrow the market overnight, almost destroying it. At least one confirmed fact would be enough. There’s just too much risk for a new economic paradigm.” Satoshi Nakamoto Hunted Internationally, Bounty Grows

The primary worry of the group, then, is dumpage onto the broader crypto market, should that person ever decide to sell, which would very likely cause prices to plummet. “Let’s imagine that Satoshi decides to leave all the passwords from the purse to his descendants. Will they not want to sell them?,” they ask. “We, the crypto-enthusiasts, are obliged to find out the truth in order to exist peacefully in this environment. Without the fear that tomorrow a man will come out from behind the curtains announcing that the circus is over and then will disappear again. We pay the cryptocurrency world with our faith and we have the right to know the identity of Satoshi.”

It doesn’t necessarily follow finding Satoshi Nakamoto will prevent the above scenarios. And what does happen when Satoshi is ‘caught.’ This project seems doomed almost from its inception, at least to most veterans of the space. “And if Satoshi himself does not want publicity, we must declassify it ourselves,” the project stresses. “[…] We intend to order the search for Satoshi Nakamoto from independent detective agencies in the US, Japan, and also in Europe. A number of requirements for the quest were made, including a requirement to involve linguists as well as IT professionals into the search of Satoshi Nakamoto. In addition, the detective agency will be required to conduct a public and transparent report on its activities.”

What do you think about efforts to find Satoshi Nakamoto? Let us know in the comments section below. 


Images via Pixabay.


Be sure to check out the podcast, Blockchain 2025; latest episode here. Want to create your own secure cold storage paper wallet? Check our tools section.

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A Look at Stylometry: Can We Uncover Satoshi Through Literary Quirks?

August 6, 2018 |

A Look at Stylometry: Can We Uncover Satoshi Through Literary Quirks?

Over the past few years, the number of people hunting for Satoshi Nakamoto has increased as people all over the world have been in search of the mysterious creator of Bitcoin. The cryptocurrency-community has also seen a few people come out of the woodwork recently, who have claimed to be Satoshi or have been accused of being the currency’s creator. Then there’s that one guy who says he’s Nakamoto and has published the first chapter of his autobiography. One investigative approach that’s been used often to try and uncover Satoshi Nakamoto’s identity is a scientific method called stylometry, which shows that there are very few people living on earth that have ever written like Nakamoto and the crypto-inventor’s writing style is not easy to plagiarize.

Also Read: The Weekly: China Hires Cryptographer, McDonald’s Unveils Maccoin, Bitmain Gets Richer

The Quest to Uncover the Real Satoshi Nakamoto

A Look at Stylometry: Can We Uncover Satoshi Through Literary Quirks?Who is Satoshi Nakamoto? That’s a question people often ask these days due to the climactic rise of cryptocurrencies last year, and a lot of individuals have always been curious about the technology’s creator. There’s a lot of reasons to why a bunch of people would like to find out who Satoshi is, as the creator of Bitcoin could maybe answer some questions that could possibly end the heated scaling debate that’s been happening for years. Nakamoto also allegedly holds over 1 million BTC, BCH, and every other fork created under his original protocol making him/her/them extremely wealthy. Over the past few years, the crypto-community has also seen a few individuals that have been said to be Satoshi Nakamoto including Dorian Nakamoto, Ian Grigg, Nick Szabo, and Craig Wright. Furthermore, recently a man from Hawaii claimed he was Satoshi, and then some other dude wrote the first chapter of the Satoshi Nakamoto memoirs while also claiming to be the creator of Bitcoin.

Stylometry Used to Uncover Satoshi Nakamoto’s Writing Style and Literary Quirks

Over the years, there’s one scientific method that studies the linguistic style of typed text and handwriting called ‘stylometry’ and the literary tool has been often used to attribute Satoshi’s anonymity to a real person. The method of analyzing text for evidence of authenticity or ownership has been used for hundreds of years. When people write, not only do they have a distinctive handwriting, but the way individuals place phrases and specific words in bodies of writing are also very unique characteristics to every individual.

A Look at Stylometry: Can We Uncover Satoshi Through Literary Quirks?
A sample of one of Satoshi Nakamoto’s emails.

After the guy who wrote 21-pages of personal Nakamoto memories, many people who study text patterns and stylometrists believed the latest autobiography allegedly written by Nakamoto was most likely phony. The armchair detectives found the latest memoirs did not contain Nakamoto’s literary quirks, double spacing, and unique misspellings.

A Look at Stylometry: Can We Uncover Satoshi Through Literary Quirks?

Hard to Copy Satoshi’s Style But a Few Cryptographers Have Similarities

In fact, other stylometric analyses of the original Bitcoin white paper and Satoshi’s emails reveal that it is not easy to copy Nakamoto’s style. For instance, stylometrists have stated that the chances of another cryptographic researcher using the phrases, “It should be noted, for our purposes, can be characterized, and preclude” turns out to be extremely low at 0.8 percent. However, over the years of stylometric analysis of the white paper, there have been a few cryptographers who have come close to Nakamoto’s linguistic stylings. The five closest individuals named would be Nick Szabo, Ian Grigg, Hal Finney, Wei Dai, and Timothy May. Szabo has the highest amount of algorithmic similarities in his early papers when studied side by side with Nakamoto’s white paper. Although, each one of the people mentioned above have had comparable writing styles to Nakamoto to some degree and stylometric studies have named them all as suspects. On December 26, 2017 the data scientist Michael Chon explains each character who has been used in stylometric analysis against Nakamoto’s writings.             

“According to the classification algorithms, [stylometric analysis], all predicted that Nick Szabo is linguistically similar to Satoshi who had written the Bitcoin paper and Ian Grigg is linguistically similar to Satoshi who had exchanged the emails,” Chon details. “The word ‘would’ is used by Hal Finney 28 times and the word ‘one’ is used by Nick Szabo 199 times. There is one unigram, the word ‘contract’, commonly used by Ian Grigg and Nick Szabo.”

Wei Dai has the highest similarity score to the Bitcoin paper and Hal Finney has the highest similarity score to Satoshi’s email exchanges. From gensim, Timothy C. May has the highest similarity score to the Bitcoin paper and Ian Grigg has the highest similarity score to Satoshi’s email exchanges. An unusual result is that Ian Grigg has a similarity score of .99996 to Satoshi’s email exchanges.

A Look at Stylometry: Can We Uncover Satoshi Through Literary Quirks?
The five closest suspects that write similarly to Satoshi according to stylometry. From left to right, Nick Szabo, Timothy May, Wei Dai, Ian Grigg, and Hal Finney.

Although Not Perfect Stylometrics Can Confirm Phony Resurrection Writing

Lastly, another study written by a nonprofit based in England used stylometrics this past June against Nakamoto’s writings and they concluded that the creator was the well-known Bitcoin developer Gavin Andresen. “We identified Bitcoin Cash developer Gavin Andresen as being the real Satoshi Nakamoto,” explains Troy Watson, a representative for the nonprofit’s recent study. However, not many took the study too seriously and the stylometric analysis was quickly forgotten.

A Look at Stylometry: Can We Uncover Satoshi Through Literary Quirks?
Gavin Andresen loses faith in stylometry after a study claimed that he was Satoshi Nakamoto.

The community has seen many claims by people saying they are Satoshi and it’s safe to say stylometry will likely be used against any self-professed Nakamoto that comes forward. The method of study, although not perfect, can deduce things down to a relatively low amount of known people, while giving people a glimpse at just how difficult it is to uncover Nakamoto’s identity. But stylometry can also be used to easily confirm phonies attempting to relive the Nakamoto glory days through resurrection writing.

What do you think about the many stylometric studies used to uncover the real Satoshi Nakamoto? Do you think stylometry is a good tool to deduce whether someone is Nakamoto or not? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Twitter, Pixabay, and Time. 


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Satoshi or Faketoshi? Analysts Assess Crypto’s Latest Messiah

July 2, 2018 |

Satoshi or Faketoshi? Analysts Assess Crypto’s Latest Messiah

Stylometry is the study of linguistic style, generally with a view to identifying its author. In the absence of any other meaningful metrics, it’s become the primary means of analyzing the veracity of new writings purporting to be the work of Satoshi Nakamoto. Last week, armchair stylometrists were given a trove of material to sift through after someone purporting to be bitcoin’s pseudonymous creator released a 21-page retrospective.

Also read: Mainstream Media Believes Satoshi Nakamoto is Back

Crypto Messiah or Crypto Pariah?

Anyone can claim to be Satoshi Nakamoto, but convincing the crypto community of such is a tall order. Short of signing a message with the key from the genesis block, no one claiming to be Satoshi will ever convince everyone. Produce a suitably compelling new piece of work, however, and you’ll at the very least set tongues wagging and crypto Twitter foaming – if only to debunk the latest arriviste to claim Satoshi’s vacated throne.

As news.Bitcoin.com reported yesterday, the latest Satoshi is almost certain to be as fake as every other chancer that’s emerged since the original upped and left. When bitcoin’s price action isn’t generating much attention, however, playing armchair detective with Satoshi claimants provides an entertaining way of passing the time while raising the bar for all subsequent Satoshis to meet.

Satoshi or Faketoshi? Analysts Assess Crypto’s Latest Messiah

One Stylometrist is Impressed

“Is Satoshi writing a book? Is Duality authentic? I weigh in here because I have spent the last few years studying and reading every single word Nakamoto ever wrote as I’m writing a book about Bitcoin as we speak,” tweeted Daniel Jeffries. His tweetstorm assessing the veracity of Duality is, like the work itself, open to question. He does conclude, however, that whoever wrote the work is either Satoshi or someone who has done their homework and is intimate with the persona of bitcoin’s original developer:

Satoshi or Faketoshi? Analysts Assess Crypto’s Latest Messiah

Beware of Larpers and Faketoshis

For those who study their stylometry, Duality, which purports to be the beginnings of Satoshi Nakamoto’s bitcoin tell-all, does not read remotely like the known writings of Satoshi. A lot of these tells – the single spacing; the Americanized spelling – can be explained away, and indeed are explained away in the document at the center of the debate. If you were an American living on the East Coast, switching your S’s for Z’s and pretending to be a Japanese academic would be an easy way to throw off aspiring doxxers, whilst recalling the persona you’d adopted at all times.

Satoshi or Faketoshi? Analysts Assess Crypto’s Latest Messiah

While Daniel Jeffries is willing to at least countenance the possibility that Duality could be the work of the real Satoshi, the majority of crypto Twitter is firmly against this notion. Even allowing for the differences in writing style, and the possibility that Duality could be Satoshi using his “true” voice for the first time, the latest epistle is far more self-serving than anything previously composed by bitcoin’s architect. That said, there’s a lot of detail revealed during the course of the 21 pages that is consistent with someone who could have been involved with bitcoin from the start.

Satoshi or Faketoshi? Analysts Assess Crypto’s Latest Messiah

For every instance where Duality echoes the ghost of Satoshi, there is another where it shatters the illusion. There’s the fact that the document reveals key details about its author for example, such as his origins (East Coast U.S.) and his background: his grandmother allegedly ran a small publishing company, which primarily printed hers and her daughter’s work, and Satoshi supposedly worked as a university researcher. Such details, if true, would make it significantly easier to dox him. Then there’s the fact that, for a man who claims, in Duality, to have been a spelling bee geek who takes “joy in finding mistakes”, the document is riddled with errors. It would be a miracle if Duality was the work of the true Satoshi Nakamoto, but then stranger things have happened. Bitcoin is one of them.

Do you think Duality is credible, or is it the work of yet another fake Satoshi? Let us know in the comments section below.


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Mainstream Media Believes Satoshi Nakamoto is Back

July 1, 2018 |

Mainstream Media Believes Satoshi Nakamoto is Back

Should Satoshi Nakamoto ever return, it would probably be bad for bitcoin but great for clicks. The mainstream media (MSM) would have a field day, just as they did when they “identified” Craig Wright as bitcoin’s creator. The search for Satoshi and quest for clickbait intensified this week after Bloomberg asserted that bitcoin’s founder is back – and writing a book no less.

Also read: Are You Ready for What Happens If Satoshi’s Coins Move?

Satoshis, Faketoshis, and False Prophets

Satoshi Nakamoto is everywhere and nowhere, everyone and no one. Most bitcoin supporters acknowledge that Satoshi did the right thing by slinking off into the digital wilderness in 2010, but will also confess to being fascinated by how his return would play out. In the eight years since Satoshi left, many fake Satoshis – or faketoshis – have sprung up. Jesus Christ warned that imitators and false prophets would appear claiming to be the son of God, and something similar has occurred with ersatz Satoshis.

Mainstream Media Believes Satoshi Nakamoto is Back

The website Nakamotofamilyfoundation.org is a plain text affair, as minimalist as the cypherpunk mailing lists where Satoshi’s writings first surfaced. Bloomberg leads the list of MSM outlets touting the possibility of the site being Satoshi’s doing, and that the 21-page PDF on the website (the number of pages perhaps being symbolic) contains the beginnings of his forthcoming book. There are many reasons why the screed is unlikely to be the work of Satoshi, and yet the mere possibility, no matter now remote, has provided the cryptosphere with its latest Satoshi fix.

“Duality” Purports to be an Excerpt from Satoshi’s Forthcoming Book

Duality, the supposed new writings of Satoshi Nakamoto, is an intriguing document. At 21 pages, it’s more than double the length of the original bitcoin whitepaper and far more solipsistic than anything the confirmed Satoshi has ever written. Statistically speaking, it is almost certainly a hoax, and yet there’s just enough of a hook to the writing, including supposed tidbits on bitcoin’s origins and inspirations, to lure hungry Satoshi cultists in.

Mainstream Media Believes Satoshi Nakamoto is Back
The cryptogram devised by the author of “Duality”

Whoever composed the website has certainly enjoyed themselves, going so far to create a cryptogram puzzle for readers to solve. The difficulty with discrediting a hoax – or authenticating an original – is that no one ever knew Satoshi Nakamoto. Not in the real world sense at least, and thus his digital footprint – primarily his whitepaper, mailing list writings, and Bitcointalk forum postings – are all there is to go on. Anyone who has done their homework could imitate Satoshi; his spelling, punctuation, grammatical quirks, and cogent, academic tone.

Some Parts of “Duality” Ring True But the Crypto Community is Sceptical

“Fake Satoshi” Dorian Nakamoto is $  273,000 Richer After Selling His BitcoinsThe trouble with analyzing the work of supposed Satoshis is that it simply encourages more copycats, like fixating on school shooters. But paradoxically, debunking them calls for forensically scrutinizing their writings, despite the shot of publicity this gives to all Satoshi wannabees. The Nakamoto Family Foundation website begins:

Announcing the first excerpt to a literary work consisting of two parts. The excerpt is provided. I wanted to include it as a brief glimpse of history. Even for those that can’t read the full book, I wanted to make this available to everyone. A short story if you will, with some of the most brought up questions and answers. I wanted the people and the facts to be known. Or as much of it. I’m still saving most for the books, the best parts hopefully…There will be many new names and individuals appearing throughout the book in any case, as it is a story about my personal life.

Anyone conversant with Satoshi’s body of work will note that the writing does not feel consistent with that of bitcoin’s creator. Gone are his trademark double spacings and in are American spellings (albeit with an explanation for the change of style), typos, and a sudden willingness to position himself at the center of the story. The original Satoshi was notoriously shy about answering remotely personal questions, meticulous about proofing his work, and brushed off all attempts to understand his origins, motivations and character. Now he’s apparently willing to tell all – or as much as he can without doxxing himself. “I still take joy in finding mistakes, be it in code or in writing,” writes Duality’s author, several paragraphs after misspelling the word ‘proficiency’.

Bitcoiners Are Not Impressed

Over the years, the bitcoin community has endured its share of faketoshis, as well as writings such as this effort, all purporting to be the words of the real Satoshi. One commenter who’s given the latest Satoshi claim short shrift is Nic Carter, who tweeted: “For some reason, even though Satoshi is known as a clear and elegant writer, none of the Satoshi imitators bother to write well. This document is horrifically written.”

Mainstream Media Believes Satoshi Nakamoto is Back

If Satoshi is still alive, he will be aware that much of his enduring mystery can be attributed to his prior refusal to reveal remotely incriminating information. Duality lays bare such details as the reason for choosing the Satoshi name, his default timezone, and why he chose his original writing style.

It’s an interesting piece of work, but it would take a brave man or a desperate media organization to stake their reputation on it being the work of Satoshi Nakamoto. Especially when the real Satoshi could simply sign a message with one of his original keys or move a coin from his wallet, adding a message to the OP_RETURN field confirming Duality to be his oeuvre. Until such a time, this and all other claims to be Satoshi must be assumed fake. Extraordinary claims require extraordinary evidence.

Do you think “Duality” could be the work of Satoshi? Let us know in the comments section below.


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Craig Wright Referenced as Satoshi in Chinese University Textbook

June 21, 2018 |

Craig Wright Referenced as Satoshi in Chinese University Textbook

According to reports a Chinese economics textbook that’s used in some of China’s leading universities states that the notorious Dr. Craig Wright is Satoshi Nakamoto, the creator of Bitcoin. The university textbook authored by Frederic Mishkin calls Wright an “Australian geek” who invented the cryptocurrency bitcoin almost ten years ago.

Also Read: “I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark

Dr. Craig Wright is Referenced as Satoshi Nakamoto in a Chinese University Textbook

Dr. Craig Wright is an interesting man, and he is well known for publicly identifying himself as the creator of Bitcoin not long ago. Multiple news publications and key members of the Bitcoin community such as Gavin Andresen and Jon Matonis say that Wright has signed messages using Satoshi Nakamoto’s keys. Although during that time, and even now, that topic has been a contentious issue amongst the cryptocurrency community, and since then Wright has stopped discussing the claim.

Craig Wright Referenced as Satoshi in Chinese University Textbook
Not long ago Dr. Craig Wright publicly identified himself as Satoshi Nakamoto.

However, Wright has remained very noticeable within the crypto-ecosystem and now works as the chief scientist for the blockchain firm Nchain. Wright is also a staunch supporter of the decentralized currency bitcoin cash (BCH) and believes it is the ‘true bitcoin’ that’s intended to be a peer-to-peer currency, as opposed to a store of value.

Now, this week the journalist Jasmine Solana discovered a Chinese economics textbook that states Dr. Craig Wright is Satoshi Nakamoto. The economics textbook, “The Economics of Money, Banking, and Financial Markets (sixth edition),” was written by an American economist and writer Frederic Mishkin.

Craig Wright Referenced as Satoshi in Chinese University Textbook
Image and translation via Coingeek journalist Jasmine Solana.

The Economics Textbook Calls Wright an ‘Australian Financial Geek’ While Another Individual Recently Claimed to be the Creator of Bitcoin

The book was originally written in English and has been translated to Chinese, and on page 11 the authors say Wright is an “Australian financial geek” who created the peer-to-peer electronic cash network. The textbook was approved and translated by the Wuhan University Press, and one of China’s largest educational institutions the Department of Finance of the Economics and Management School (EMS) uses the text.

There are other school textbooks worldwide like universities such as Princeton, MIT, and other well-known colleges that reference the creator, but only identify him/her/group as a pseudonym called ‘Satoshi Nakamoto.’ Lately, Wright and his company Nchain has been releasing a series of academic papers on certain subjects like ‘selfish mining’ and other technical topics. Alongside this, the London-based firm has launched a programmers’ toolkit called Nakasendo built primarily for BCH developers.   

The Chinese textbook news also follows the recent claim from a Hawaiian man who has attempted to trademark the words ‘Bitcoin Cash.’ An individual named Ronald Keala Kua Maria from Hawaii says he is the ‘real’ Satoshi Nakamoto and has been purchasing domains and IP rights, including an attempt to trademark the BCH name.

What do you think about Craig Wright being identified as Satoshi Nakamoto in the Chinese textbook? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, Pixabay, and Coingeek.  


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