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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.


Images courtesy of Shutterstock, and Twitter.


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The post Satoshi or Faketoshi? Analysts Assess Crypto’s Latest Messiah appeared first on Bitcoin News.

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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.


Images courtesy of Shutterstock, and Twitter.


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The post Mainstream Media Believes Satoshi Nakamoto is Back appeared first on Bitcoin News.

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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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The post Craig Wright Referenced as Satoshi in Chinese University Textbook appeared first on Bitcoin News.

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

June 20, 2018 |

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

This week the Bitcoin Cash (BCH) community had found that two trademark filings for the phrase ‘Bitcoin Cash’ were registered with the United States Patent and Trademark Office (USPTO) over the past year. One trademark filing was registered with the USPTO on May 18, 2018, but the individual who registered it may be an accused con-artist from Hawaii who was charged with bilking millions of dollars from residents within the Honolulu region in 2001.

Also Read: Chainbet Protocol Adds Trustless Multiplayer Bets, Auctions, and Dice Rolls

A Bitcoin Cash Trademark Filed Last Month by an Interesting Individual Who Claims to Be Satoshi Nakamoto

Following our recent report that detailed how a company from the UK managed to successfully trademark the name ‘Bitcoin’, another odd trademark filing was found tied to the name ‘Bitcoin Cash’ according to public documents. There are two filings with the USPTO that are looking to claim the name Bitcoin Cash for products and goods associated with computer software licensing and online real-time currency trading. The most recent filing, registered on May 18, 2018, applies to computer software licensing and was registered by an individual named Ronald Keala Kua Maria from Hawaii. The USPTO filing also says after Kua Maria’s name ‘AKA Satoshi Nakamoto’ which indicates Kua Maria is claiming to be the inventor of cryptocurrency.

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

Hawaiian Cargo Container Grifting Accusations and the Ownership of Many Bitcoin-Related Domains

The name Ronald Keala Kua Maria leads people to a rabbit hole of interesting stories regarding this individual and his mother. According to reports in 2001, Kua Maria and his mother were accused of second-degree theft involving phony cargo containers and the two allegedly grifted millions of dollars by scamming Hawaiian residents. The cargo container scam started in 1979, Honolulu’s regional press explains, where Maria began asking acquaintances for funds to invest in fake cargo containers.

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

Following the 2001 news report, a website was found by the Twitter handle @btcfork called Satoshinakamoto.ws that shows a bit more information about this mysterious trademark filing. The website also contains the trademark copyright notice which states:

I Ronald Keala Kua Maria also known as Satoshi Nakamoto inventor of bitcoin and blockchain technology hereby affirm that all my copyrights including an equity-based electronic reserve currency peer to peer electronic cash system.

The website further has a copy of the original white paper which shows a copy of the document decoded from the BTC blockchain and Kua Maria has titled the paper ‘The Coin of All Coins’. However what is more interesting is Kua Maria’s statements and claimed ownership of many BCH related website domains which include thesatoshinakamoto.com, bitcoincopyrights.com, bitcoincashcopyright.com, bchcopyright.com, and others. Visiting these sites visitors are re-directed to Kua Maria’s URL, rkm.world, which has a gallery of pictures and interesting services that are allegedly provided by the RKM business like a “free basic income plan”. Funnily enough, these services like the free basic income re-directs again back to the Satoshinakamoto.ws web portal.

RKM’s World: “I Own All the Private Keys, Blockchains, Altcoins and Bitcoins Under Copyright Law”    

“There are no other legal assignees or licensees of my copyrights — Any assignments or transfers are not authorized and may be fraudulent,” explains Kua Maria’s cryptic writings on the website. “I do not authorize any assignees or licensees — I did not publish any part of my TXu002037698 work prior to 08/17/2016 — On or about 09/20/2005 my home (address below) was raided by Federal and State authorities joint task force and my computers, laptops, files, inventions, copyrights, etc. were seized.”

I am the real one and only Satoshi Nakamoto — I own all the private keys, blockchains, altcoins and bitcoins under copyright law. In the event of my death, incapacitation, coma, kidnapping, detainment and or incarceration all of my copyrighted works and all related works shall no longer be used by anyone anywhere for any reason at any time subject to change without any notice at any time by Ronald Keala Kua Maria only. I hereby serve legal notice to all users of my copyrighted works to cease and desist all use of my copyrighted works breach subject to copyright infringement.

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

The Basic Income Plan: $ 800 USD Per Month

However, after these statements, Kua Maria casually says that individuals and organizations can contact him for a free license and copy of the notice. He also states that “basic income plan users may be required to pay 2% royalties on transactions over $ 800 USD to provide $ 800 a month basic income to all users subject to Copyright law and this Basic Income Plan.”

Bitcoin Cash fans and cryptocurrency sleuths are interested in this subject because of all the oddities involved with the story. There’s a chance the community could hear from this individual in the near future especially in regard to the intellectual property and domains this person has claimed ownership over. News.Bitcoin.com has reached out to Ronald Keala Kua Maria for an interview and will follow up with this story if he accepts our request. 

What do you think about this mysterious story concerning trademarking the phrase Bitcoin Cash and how Ronald Keala Kua Maria claims to be Satoshi Nakamoto? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, Satoshinakamoto.ws, RKM.world, the USPTO TESS, and Pixabay. 


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post “I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark appeared first on Bitcoin News.

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Satoshi Nakamoto Known to CIA? FBI? Created by NSA? Search Intensifies

June 17, 2018 |

Satoshi Nakamoto Known to CIA? FBI? Created by NSA? Search Intensifies

The “request has been rejected,” came response from the CIA, “with the agency stating that it can neither confirm nor deny the existence of the requested documents.” A tech writer petitioned ‘the agency’ to see what it had on the subject of Satoshi Nakamoto, the name credited with founding Bitcoin, the world’s first decentralized cryptocurrency. There have been legendarily famous attempts to unmask the real person, only to find more paradox, more confusion, more wild theories. At least two online journalists believe a definitive answer just might be had through US intelligence agencies. The evidence borders on compelling and infuriating.

Also read: Star Trek Icon Joins Bitcoin Mining Revolution

Satoshi Nakamoto’s Real Identity is Probably Known by US Intelligence Agencies

It’s not often a journalist in the financial technology genre has cause to contact the United States Central Intelligence Agency (CIA), but this week proved reason enough. Keeping normal business hours, the CIA’s Office of Public Affairs, Washington, D.C. 20505 (really Vienna, VA) was evidently swamped. Three calls placed to (703) 482-0623, along with one voicemail message on the final attempt, were not returned as of publication.

Inspiration to do so came from Daniel Oberhaus, staff writer at Motherboard. In an effort to follow up on work done by bloggers and investigative journalists on the tantalizing issue of Satoshi Nakamoto’s identity, Mr. Oberhaus explained, “While recently filing some unrelated [Freedom of Information Act] FOIA requests of my own, I figured it couldn’t hurt to ask some other three-letter agencies what they know about Nakamoto.”

Satoshi Nakamoto Known to CIA? FBI? Created by NSA? Search Intensifies

It’s a delicate game, FOIA requests. Agencies are keen to dismiss a request out of hand, citing vagueness, ill-prepared request documents, standing, and the perennial go to: national security. The fragility is in having spy agencies at all, for citizens’ own good is the claim, and the modern movement to make coercive government doings more transparent.

Mr. Oberhaus continued, “I decided to start broad and request all internal emails containing Satoshi Nakamoto’s name from the FBI and CIA. Agencies generally ask for these sorts of requests to be narrowed down with information you’re unlikely to have in advance, but sometimes they’ll just dump a trove of emails on your plate and say good luck.” Instead, the CIA emailed him a response, short and to the point, complete with obnoxious bureaucrat grammar of referring to itself in the third person. The “request has been rejected, with the agency stating that it can neither confirm nor deny the existence of the requested documents,” the CIA stated flatly.

Satoshi Nakamoto Known to CIA? FBI? Created by NSA? Search Intensifies

Glomar

The CIA’s non denial-denial to Mr. Oberhaus is a classic tactic designed to be a true statement without giving away root facts. It’s known as the Glomar Response, ‘Glomar’ being the abbreviation for Global Marine, a company used by the agency to build a ship capable of salvaging downed Soviet-era subs back in the mid 1970s. The now famously canned statement was employed after a journalist filed a FOIA concerning the CIA ship for Soviet subs project.

And that paranoia extends to the present day. Blogger Alexander Muse, a contributor to Medium, wrote a series of posts (3) last year related to his attempt at uncovering Satoshi’s true identity. Mr. Muse writes about a whole host of subjects, from gourmet cooking to tech startups. His professional experience does involve tech, and he has what seems to be at least a passing interest in bitcoin. He was sucked down the rabbit hole when he learned a contact he had at the Department of Homeland Security (DHS) claimed to have inside information.

“According to my source,” Mr. Muse explained, “the NSA was able to the use the ‘writer invariant’ method of stylometry to compare Satoshi’s ‘known’ writings with trillions of writing samples from people across the globe. By taking Satoshi’s texts and finding the 50 most common words, the NSA was able to break down his text into 5,000 word chunks and analyse each to find the frequency of those 50 words.This would result in a unique 50-number identifier for each chunk. The NSA then placed each of these numbers into a 50-dimensional space and flatten them into a plane using principal components analysis. The result is a ‘fingerprint’ for anything written by Satoshi that could easily be compared to any other writing.”

Satoshi Nakamoto Known to CIA? FBI? Created by NSA? Search Intensifies

His true identity is of utmost importance to the US government precisely because, especially as the price began to rise, so many people were relying on it. The problem, before even the tech could be evaluated on its own merit, was the principal DHS worry: a foreign creator. If bitcoin can do all it claims for itself, disrupting financial markets, a country hostile to the US could quickly start that ball rolling and worse. “Why go to so much trouble to identify Satoshi?” he asked rhetorically. “My source tells me that the Obama administration was concerned that Satoshi was an agent of Russia or China — that Bitcoin might be weaponized against us in the future. Knowing the source would help the administration understand their motives. As far as I can tell Satoshi hasn’t violated any laws and I have no idea if the NSA determined he was an agent of Russia or China or just a Japanese crypto hacker.”

Mr. Muse was ultimately unable to get just who Satoshi is. Instead he was left with the conclusion DHS does know, and that bitcoin’s first billionaire was probably a collection of folks. For his effort he was personally contacted by DHS and asked to submit to an interview. He did, noting that he was unable to publish just what he discussed with DHS, but he could say their contacting him was due to his Satoshi’s Medium posts. “I’ve had to stop taking phone calls or accepting voicemail messages,” Mr. Muse concludes. “My email is almost unusable with more than 10,000 unread messages at last count. The only way to contact me now is via text — and it is likely I’m going to have to change my number fairly soon. I still don’t know who Satoshi Nakamoto really is — but I believe the NSA does.”

Is Satoshi’s identity known by US intelligence agencies? Let us know in the comments. 


Images via the Pixabay.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

The post Satoshi Nakamoto Known to CIA? FBI? Created by NSA? Search Intensifies appeared first on Bitcoin News.

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This Week in Bitcoin: Still Ways to Make Quick Fortune in Crypto, Satoshi Revealed?

June 10, 2018 |

This Week in Bitcoin: Make a Fortune in Crypto and Satoshi Nakamoto Revealed?

This week we learned that there are still ways to make a quick fortune in crypto even when the market isn’t booming and that American universities are now investing in crypto hedge funds. We also reported that researchers think they found out the real identity of the inventor of bitcoin, Satoshi Nakamoto, in this week’s most commented-on article.

Also Read: Estonia Grants Licenses for Wallet and Exchange Services to Coin Metro

Ticketfly Hijacked by Hacker

On Monday we reported that Ticketfly has been attacked by a hacker who breached its website and demanded a ransom in bitcoin to release it. The event-ticketing platform was still trying to recover from the “cyber incident.” The supposed hacker claimed to have warned Ticketfly of a vulnerability that allowed him to take control of its database and website. The hijacker asked for 1 bitcoin (BTC) to explain the issue in details but did not receive a reply. After no ransom was paid, the attacker posted the user data online. Additionally covered were another 51% attack on Zencash and Avalon Blockchain unwinding its acquisition of crypto mining assets.

Wozniak Wants Bitcoin to Rule the World

This Week in Bitcoin: Make a Fortune in Crypto and Satoshi Nakamoto Revealed?Steve Wozniak, the genius co-founder of Apple Computers, was the big story on Tuesday as he has once again spoken about his fascination with the tech and principles of bitcoin. “Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there’s a way it’s distributed… and it’s pure and there’s no human running, there’s no company running and it’s just… growing and growing… and surviving, that to me says something that is natural and nature is more important than all our human conventions,” he said. “Only bitcoin is pure digital gold… and I totally buy into that,” Woz added.

German Banks and US Universities Invest in Crypto

On Wednesday we reported that both American academic institutions and German financial institutions are now involved with cryptocurrency. At least six banks in Germany trade cryptocurrencies, the country’s Federal Ministry of Finance revealed in an answer to a question filed by Bundestag member. And US universities have started making small investments into cryptocurrency hedge funds, according to a lawyer working in the industry, getting involved on a limited basis for strategic reasons.

New Tech and How to Make a Fortune in Crypto

This Week in Bitcoin: Make a Fortune in Crypto and Satoshi Nakamoto Revealed?The featured story on Thursday revolved around Guido Vranken, a software security auditor (white-hat hacker) from the Netherlands, that has earned a cool $ 120,000 in just one week of hunting for bugs in the EOS code. He reported 12 vulnerabilities, for $ 10,000 each. As the EOS ICO brought in a whopping $ 4 billion, and evidently have no shortage of bugs, this seemed like a great way to fatten your wallet if you are willing to do the work. We also reported that the new version of the Ledger Wallet desktop edition is now scheduled for July 9th, a new two-way bitcoin ATM launched in Israel and on high demand for whitepaper ghostwriters in China.

Microsoft Dips Data Center in the Sea

An interesting development in data center technology, which can signal the next frontier in bitcoin mining, was our focus on Friday. One of Microsoft’s data centers is now operating at about 100 ft (~30 m) below the surface of the North Sea, not far from the British Orkney Islands. Project Natick is powered by renewable energy generated by wind, solar, and tidal installations.

Swiss Vote on “Sovereign Money”

The big story on Saturday was that Switzerland will vote today whether to turn back on fractional-reserve banking and support a “sovereign money” concept for the nation’s finances. Voters are asked to support “Vollgeld,” a radical reform aimed at further centralizing financial authority in the hands of the country’s central bank. On the “sovereign money” referendum, the Alpine nation will decide whether to ditch the fractional-reserve banking system, which allows banks to create money by lending far more than what they hold in deposits. The proposal suggest giving the Swiss National Bank a monopoly over this function, while commercial banks will be required to lend only what they have.

Gavin Andresen Is the Real Satoshi Nakamoto?

This Week in Bitcoin: Make a Fortune in Crypto and Satoshi Nakamoto Revealed?The most commented-on article during the week was another piece in the ongoing mystery that is the true identity of the creator of Bitcoin. A nonprofit based in England believes it has succeeded in discovering Satoshi Nakamoto. Researchers relied upon stylometry for concluding that Bitcoin Cash developer Gavin Andresen is Satoshi. The analysis involved not only statistical analysis of prose, but also a bootstrapping method in an attempt to eliminate natural bias. Do you think Satoshi is found this time? Add your say to the discussion.

This Week in Bitcoin Podcast

Catch the rest of this week’s news in the This Week in Bitcoin podcast with host Matt Aaron.

What other stories in the bitcoin world caught your attention this week? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


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Early Bitcoin Developer Recounts “Weird” Interactions with Satoshi

June 2, 2018 |

Early Bitcoin Developer Recounts “Weird” Interactions With Satoshi

Laszlo Hanyecz, a developer who worked on bitcoin as early as 2010, has discussed his interaction with the pseudonymous creator of bitcoin, Satoshi Nakamoto. Mr. Hanyecz describes his dealings with Satoshi as having been “kind of weird.”

Also Read: Moon Missions and Custom Wallets: Bitcoin Community Celebrates Pizza Day

Early BTC Developer Discusses Email Exchanges with Satoshi

Early Bitcoin Developer Recounts “Weird” Interactions With SatoshiMr. Hanyecz, a programmer known in the bitcoin world for paying a man from Bitcointalk.org 10,000 BTC to order him two pizzas from Papa John’s in 2010, discussed his personal interactions with Satoshi Nakamoto in a recent interview.

After mining bitcoins on his laptop for some time, Mr. Hanyecz reached out to Satoshi to express his desire to contribute to the development of bitcoin. “I thought bitcoin was awesome, and I wanted to be involved, but I had a regular developing job,” Hanyecz said. “Nakamoto would send me emails like ‘Hey, can you fix this bug?’ ‘Hey, can you do this?’”

Mr. Hanyecz “Didn’t Want the Responsibility”

Early Bitcoin Developer Recounts “Weird” Interactions With SatoshiDespite his enthusiasm for bitcoin, Mr. Hanyecz saw his contributions to the cryptocurrency as a side project of secondary importance to his career, and felt as though Satoshi had unrealistic expectations of his involvement.

“He’d say, ‘Hey, the west side’s down,’ or ‘We have these bugs – we need to fix this.’ I’d be like, we? We’re not a team,” Mr. Hanyecz said. “I thought that it was approval from him, that maybe he accepted me as a member. But I didn’t want the responsibility. I didn’t really understand all of the forces that were going on at the time.”

On occasion, Mr. Hanyecz would express his dissatisfaction, recounting that he would say “Hey, you’re not my boss.” Despite the irritation, Mr. Hanyecz states that he “didn’t take it too seriously.”

Interactions with Satoshi Consistently Gave Mr. Hanyecz “A Weird Feeling”

Early Bitcoin Developer Recounts “Weird” Interactions With SatoshiMr. Hanyecz describes the majority of his interaction with bitcoin’s creator to be “kind of weird.”

Mr. Hanyecz found Satoshi to paranoid in many of their exchanges, stating “There were a few times when I got messages that seemed off-base. I brushed them off because I was like, who cares if this guy tells me to go pound sand and go away? This wasn’t my job or anything – it was a hobby. I was trying to be friends with him. He seemed very paranoid about people breaking the software. He kept calling it ‘prerelease,’ and I was helping him get it to release.”

Looking back, Mr. Hanyecz can empathize with Satoshi’s apparent paranoia, stating that “If anything had happened to the code early on, we wouldn’t be having this conversation today.”

Satoshi Weary of Mining Centralization

According to Mr. Hanyecz, Satoshi Nakamoto was aware of the potential for mining to lead to centralization in bitcoin ownership, stating that Satoshi told him “Well, I’d rather not have you do the mining too much.”

Mr. Hanyecz stated that “[Satoshi] was trying to grow the community and get more commerce use cases. He fully recognized that mining would become a thing where a few people would get wealthy.”

Mr. Hanyecz also stated that Satoshi was careful to maintain anonymity, stating “He or she or whoever it was never told me anything personal. I asked a few questions, but he always dodged them. Those questions never got answered.”

What’s your interpretation of the person behind the Satoshi Nakamoto enigma? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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Project to Build Satoshi Statue Gains Support in Kiev

May 26, 2018 |

Project to Build Satoshi Statue Gains Support in Kiev

An initiative to erect a monument of Satoshi Nakamoto in Ukraine’s capital is gaining momentum and support. The idea is to place the statue right where the red Karelian stone figure of Lenin used to stand, before it was taken down almost five years ago. The project is said to be part of a global campaign to build Satoshi monuments around the world.

Also read: Slovenian City Unveils World’s First Public Bitcoin Monument

Nakamoto on the Pedestal of Lenin

A monument of Satoshi Nakamoto may soon greet residents and visitors of Kiev, capital city of Ukraine. The project to erect a statue of the unknown creator of bitcoin and the blockchain technology has been gaining support. The plan is to place the figure on the intersection of Kiev’s main “Khreshchatyk” Street and the “Taras Shevchenko” Boulevard.

Project to Build Satoshi Statue Gains Support in KievThe targeted spot is not a random place. Several years ago it was occupied by the monument of Vladimir Lenin, the communist founder and leader of the Soviet Union. His statue was toppled down and destroyed by angry protesters in December, 2013. The act was one of the memorable events during the Euromaidan demonstrations which lead to dramatic political changes in Ukraine.

The empty space, opposite the “Bessarabsky” Market, has since turned into a site for political expression and artwork. At the height of the civil unrest in February 2014, opposition activists put a golden toilet on the pedestal as a symbol of the rampant corruption in their troubled and divided country. One of the numerous accusations against the then president Viktor Yanukovych was that he had gold toilets installed in a country estate near Kiev.

The people behind the project plan to initially design a virtual Satoshi monument. The digital statue will be visible through a mobile app, when the smartphone is turned towards the pedestal, as reported by the outlet Delo. The Ukrainian VR/AR and robotics company Raccoon World has promised to materialize the virtual reality concept.

Project to Build Satoshi Statue Gains Support in Kiev

The organizers also intend to file a petition with the Kyiv City State Administration and apply for permission to build a real, physical monument. They plan to raise the necessary means through a crowdfunding campaign. In the meantime, the virtual statue project has been supported by the Ukrainian entrepreneur Alexander Soroka, founder of the investment platform Startup Network, who has already donated 1 bitcoin (BTC).

A Global Initiative, a Blockchain Republic

According to local media reports, the installation of the statue in Kiev is part of a global initiative to erect Satoshi monuments around the world and create a so called “Blockchain Republic.” In case the city authorities reject the petition, the authors of the project say they’ll be looking for another location to place the symbolic figure.

Project to Build Satoshi Statue Gains Support in KievNot long ago, a similar initiative was realized in Slovenia, as news.Bitcoin.com reported. In March, the city of Kranj inaugurated a monument dedicated to bitcoin and blockchain – the first in the world, according to local authorities. The installation is in the form of a large bitcoin logo placed in the middle of a roundabout. The crypto theme of the monument has been chosen by the citizens of Kranj.

Would you support a project to build a bitcoin monument or a Satoshi statue in your city? Let us know in the comments section below.


Images courtesy of Shutterstock, Delo.ua.


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Meet Bitcoin.com’s Cryptocurrency Market Cap Aggregator — Satoshi Pulse

April 30, 2018 |

Meet Bitcoin.com’s Cryptocurrency Market Cap Aggregator — Satoshi Pulse

This week the website Bitcoin.com, the go-to web portal for all things Bitcoin, has launched ‘Satoshi Pulse’ a cryptocurrency market capitalization page that shows total digital asset market valuations, current prices, hourly – daily – weekly percentages, charts and more. Just like the rest of the informative resources and tools hosted on our website, with Satoshi Pulse, cryptocurrency enthusiasts can get their favorite digital currency’s data in real-time in one easy to find place.

Also read: Steps towards Self-Regulation in Croatia and Slovenia

Satoshi Pulse: 500 Digital Currency Market Caps

The cryptocurrency economy has grown exponentially over the past year and a half, and digital asset proponents are very fond of checking price tickers regularly. Further, some enthusiasts like to view the entire cryptocurrency ecosystem that has more than 1,500 different cryptocurrencies in order to see the value of the asset, and its market performance. There are a few market capitalization sites out there that aggregate data across the digital currency economy, but lots of them can be confusing and filled with unfavorable advertisements. Instead of 1,500 digital currencies, Bitcoin.com’s Satoshi Pulse evaluates only the top 500 cryptocurrencies making navigation a bit easier.

Meet Bitcoin.com’s Cryptocurrency Market Cap Aggregator — Satoshi Pulse

The Satoshi Pulse User Interface

Satoshi Pulse shows cryptocurrency statistics for top currencies such as Bitcoin Core (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and more. Users can choose a set of favorites to watch, and filter just the coins they appreciate, rather than a whole list of coins they don’t care about. In order to add a bunch of favorites simply choose the heart symbol next to each coin then press filter and your own customized list of digital assets will appear. Additionally, Satoshi Pulse aggregates digital currency price increases or losses throughout hourly, daily, and weekly time frames.

When a user directly clicks a specific cryptocurrency it will direct them to a page that shows the digital asset’s price chart which can be toggled to show daily, weekly, one month, six months, and a year’s worth of price plots. The page will also show the cryptocurrency’s statistics such as capitalization rank, the current spot price, market capitalization, and 24-hour trade volume. Moreover, Satoshi Pulse features data like the coin’s consensus algorithm, the current number of coins in circulation, and the cryptocurrency’s maximum supply.

Meet Bitcoin.com’s Cryptocurrency Market Cap Aggregator — Satoshi Pulse

Bringing Our Users Continued Improvements to This Already Robust Platform

The first angel investor in Bitcoin technology and the CEO of Bitcoin.com, Roger Ver, is thrilled to add Satoshi Pulse to the wide range of services and resources offered by our web portal. Ver stated during the webpage launch:    

Satoshi Pulse offers a beautiful, interactive way to visualize the cryptocurrency marketplace. The service offers real-time as well as historical stats for the top cryptocurrencies — We look forward to bringing our users continued improvements to this already robust platform.

Bitcoin.com continues to grow, and our site has many more cool features coming this year. Already the Bitcoin-focused web portal has an uncensored forum, games, a newsdesk, a Wiki, block explorer, a robust wallet for every operating system, podcasts, widgets, merchants solutions, educational resources and so much more. Alongside this, the Satoshi Pulse development team says there will be a slew of new additions on the way.  Bitcoin.com looks forward to offering top of the line resources to billions of people across the planet, and we hope cryptocurrency enthusiasts enjoy the new Satoshi Pulse service as much as we do.

What do you think about Satoshi Pulse? Let us know your thoughts about the market cap web page in the comments below.


Images via Shutterstock, and Satoshi Pulse.   


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Bitcoin in Brief Friday: World Satoshi Summit Canceled, Pump and Dump Scheme Exposed

April 28, 2018 |

Bitcoin in Brief Friday: World Satoshi Summit Canceled, Pump and Dump Scheme Exposed

In today’s Bitcoin in Brief we’re covering disappointing news for the crypto community: the World Satoshi Summit in Delhi has been canceled because of “regulatory issues” according to its organizers. Also, an alleged crypto pump and dump scheme has been exposed. There is more than one opinion on the case, as you’ll see below.

Also read: Bitcoin in Brief Thursday: Big Money Wears Big Horns, Claws Are In the Closet

World Satoshi Summit Canceled

A major crypto conference, scheduled to be held in Delhi in May, has been canceled. “Due to certain regulatory issues in India, World Satoshi Summit currently stands cancelled,” reads a message on the event’s website. All refunds will be processed over the next few weeks, the organizers promise. They encourage participants to reach out on hello@worldsatoshisummit.com in case of any further queries.

“I feel very sad to inform you that due to certain regulatory issues in India like crypto ban, our most anticipated event, World Satoshi Summit, stands postponed/cancelled. I deeply regret that we have to make such a harsh decision at the eleventh hour, when we were all set for the conference,” Sanjay Goswami, head of marketing for the summit told the Indian outlet Crypto News.

Bitcoin in Brief Friday: World Satoshi Summit Canceled, Pump and Dump Scheme Exposed

Indian crypto media have asked the organizers to provide more details and clarity on the reasons for the cancelation. In recent months, the cryptocurrency and blockchain community in the country has been targeted by both regulators and banks. While authorities are working on a new bill to regulate the crypto sector, the Reserve Bank of India has prohibited commercial banks from servicing businesses dealing in cryptocurrencies. Bitcoin trade on local exchanges has dropped as much as 90% in a couple of months.

Pump and Dump Scheme – Exposed?

An alleged crypto pump and dump scheme has been reportedly exposed in a Steemit post. The accusations have been made against the Discord chat group Bitcoin Bravado by a supposed member. The publication contains screenshots of Telegram messages between members of the group. The author claims they indicate a plan for a pump and dump operation on a token called Haven Coin through price manipulation.

The whistleblower says he was invited to join the group’s Telegram channel where he saw the messages. According to the screenshots, members of the group discussed how much cryptocurrency would be needed to control 25% of the trading volume, how long it should be held, and when it should be dumped. The blogger, named “cryptomedication”, has contacted the U.S. Securities and Exchange Commission (SEC) and the Federal Bureau of Investigation (FBI) regarding the suspicious conversations. “I’m not here to hide at all”, he says providing his twitter account, as well – @CryptoMedicated.

Bitcoin in Brief Friday: World Satoshi Summit Canceled, Pump and Dump Scheme Exposed

In an open letter, Bitcoin Bravado called the publication a “slender article”. It also said that none of the people involved in the conversations from the screenshots write for or have equity in the company. “It’s important for everyone to understand our company’s structure.​ Though a few of the members shown in those telegram chats have been friends​ and supporters​ to Bitcoin Bravado, they write none of the content ​and have no ownership or equity ​in the company. They have their own business, we have ours. They’re almost completely inactive in the day to day operations and have been removed from our Discord channel,” the statement reads.

First Ad in the Blockchain

TD Ameritrade claims to have become the first company to embed an advertisement in the blockchain. The ad of the brokerage firm is made up of ASCII art. It can be viewed on a landing page, which also links to information about each bitcoin transaction and how the ad was built. The advertising agency Havas New York also participated in the project.

Bitcoin in Brief Friday: World Satoshi Summit Canceled, Pump and Dump Scheme ExposedThe two companies placed the ad in a function of the blockchain called OP_Return, which works like the memo space on a check, Digital News Daily reports. Simple messages and characters can be placed within transactions on the blockchain and the authors decided to create the image by linking 68 individual transactions with 80 characters each.

According to Denise Karkos, Chief Marketing Officer at TD Ameritrade, there is “no expectation beyond creating a little buzz for the brand” and enjoying the process. “Wouldn’t it be fun to be the first to advertise in the blockchain,” she said, noting that her company was also the first brokerage to provide access to bitcoin futures.

Parity Has No Intention to Split the Ethereum Chain

Parity Technologies has reaffirmed its “commitment to ethereum and a decentralized future”. In a blog post, the company said: “We are deeply sorry to those users who remain unable to access their ether as a result of a bug in our code.” The startup has been in constant conversation with affected projects. It also believes that those who have stuck ether through the wallet freeze have a case for attempting to recover the property.

Bitcoin in Brief Friday: World Satoshi Summit Canceled, Pump and Dump Scheme ExposedIn December, the team behind Parity asked for a hard fork of ethereum to overcome the consequences of the bug, which allowed an ethereum hobbyist to break their multi-signature wallet. As a result, an amount of more than half a million ether was permanently locked and the multi-sig functionality was temporarily disabled.

The company acknowledges that the debate around the recovery has “clearly shown the importance of a transparent governance process” that can respond to the community’s position on contentious issues such as ASIC resistance, supply caps, and contract restorations. “Let us make clear: we have no intention to split the Ethereum chain […] We have all dedicated a great deal of time and effort to developing the ethereum ecosystem, and have no intention of harming what we have helped build,” its team stated. Its members insist they remain committed to making the etherium platform “open, scalable, and safe”.

What are your thoughts on the subjects we’ve covered in today’s Bitcoin in Brief? Share them in the comments section below.


Images courtesy of Shutterstock, World Satoshi Summit, TD Ameritrade, Parity Technologies.


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