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Becoming Nakamoto: How Satoshi Created His Alter-Ego

November 11, 2019 |

Becoming Nakamoto: How Satoshi Created His Alter-Ego

Captain America began life as Steve Rogers. Tony Stark only created Iron Man after being kidnapped. Bruce Wayne spent seven years in ninja training before eventually returning to Gotham as Batman. We don’t know Satoshi Nakamoto’s birth name, but we do know something about the steps he took to create Bitcoin and indelibly forge his alter-ego.

Also read: Satoshi’s Final Messages Leave Tantalizing Clues to His Disappearance

Unmasking the Legend of Satoshi

We don’t know who Satoshi is or was, but like the superheroes of today’s Marvel and DC movies, beneath the mask was a flawed human capable of extraordinary things. Deifying – or rather superhero-ifying – any one man is the antithesis of everything Bitcoin stands for. Indeed, it may have been the growing cult of Satoshi that sent Bitcoin’s creator scurrying into exile. For evocative purposes, however, the superhero metaphor works. Just think about it:

One man, taking on a corrupt system (central banking). The assumption of a pseudonym to protect his identity. The need to separate his personal and professional life (there could be no Tony Stark reveal of his Iron Man alter-ego). The need to operate as a lone wolf for years with no assistance or remuneration. Constant threats to his mission and his freedom from enemies determined to see him fail. Satoshi didn’t wear a cape, but when his movie is made, it belongs in the superhero genre.

Becoming Nakamoto: How Satoshi Created His Alter-Ego
Steve Rogers prepares to be transformed into Captain America

2007: Humble Beginnings

“I actually did this kind of backwards,” confessed Satoshi in an email to Hal Finney. “I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper.” It’s likely that Nakamoto began work on Bitcoin before he had conceived his pseudonymous character. “The design and coding started in 2007,” he explained, likely occurring towards the start of the year. It wasn’t known as Bitcoin at that point, assuming the working title of “Electronic Cash Without a Trusted Third Party.”

By the end of 2007, we can deduce that Satoshi had conceived the basics of what would become Bitcoin: a means of sending electronic payments “from one party to another without the burdens of going through a financial institution.” To achieve this, Satoshi had made a major breakthrough in solving the double-spend problem by postulating a chain of hash-based proof-of-work. This would form a timestamped record that could not be changed without redoing the proof-of-work. It was, he would later explain, “a solution to the Byzantine Generals’ Problem.”

Satoshi’s eureka moment may have arrived in 2007, but Bitcoin was still little more than a concept. It consisted of a few thousand lines of incomplete code and was lacking the ingredients that would make for a decentralized currency: working software, a coin issuance schedule, block times, and most of the other components that would prove integral to Bitcoin as we know it. If Satoshi had thought the late nights and endless redrafting sessions of 2007 were exhausting, they were nothing compared to what the following year would throw his way.

Becoming Nakamoto: How Satoshi Created His Alter-Ego

2008: First Contact

As 2008 ground into gear, Satoshi found his to-do list getting longer by the day. Up until now, he’d been focused on the mechanics of his electronic cash system, and would spend the first half of 2008 codifying his ideas into what would become the Bitcoin whitepaper. But he also had other pressing concerns: soon Satoshi knew he would have to break cover and go public. At the same time, he would have to conceal his tracks. The year prior, the founders of Liberty Reserve had been sentenced to five years in jail for operating its forerunner, digital currency exchange Gold Age, without a financial license.

Satoshi knew he would have to create a robust pseudonym that could not be linked to his real identity. But he was also shrewd enough to recognize the need for a moniker with a certain mystique to it. Even in the unmarketable underworld of cryptography mailing lists, a memorable name will stick. Where he plucked it from, we will never know. What we do know is that Satoshi Nakamoto has a pleasing ring to it. Once Satoshi had settled on his superhero alter-ego, there could be no going back.

By the time Satoshi had chosen his name, he had also settled on a name for his electronic cash system: Bitcoin. On August 18, 2008, he registered the domain via Four days later, Satoshi made his first known contact with the world, emailing Wei Dai from, and including a link to an early release of the Bitcoin whitepaper. It is believed that Satoshi may have emailed Adam Back prior to this; if so, the event probably occurred earlier that August.

Becoming Nakamoto: How Satoshi Created His Alter-Ego
Bruce Wayne undergoes training in Batman Begins

Fall 2008: Bitcoin Begins

Satoshi’s earliest interactions with the cryptography community have all the hallmarks of a fledgling superhero still getting accustomed to their newfound powers. He was modest and disarmingly humble, especially so in these initial exchanges, when no one knew who Satoshi was and had no reason to care. Through late 2008 and into January 2009, his comms were unfailingly polite: “Sorry if I didn’t make that clear” and “I’d appreciate it. Thanks, Satoshi.”

Even at this stage, when there was every chance that Bitcoin would not catch on, it was evident that Satoshi had thought everything out – from his entry right through to his exit strategy. In addition to going to great lengths to anonymously register and conduct all of his business from behind a proxy or seven, Satoshi appears to have begun changing his spelling to put further distance between his persona and his pseudonym. Satoshi’s writing style will be the subject of a future analysis by For now, it is worth noting that his well-documented British spelling is an idiosyncrasy Satoshi appears to have acquired in 2008, with mixed results at first as he got into character.

Becoming Nakamoto: How Satoshi Created His Alter-Ego

On October 31, 2008, Satoshi published his whitepaper to the cryptography mailing list, explaining “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” Even at this stage, there was much about Bitcoin that was still undecided or unrevealed, including the 21 million supply, which appears to have been finalized shortly before Satoshi shared v0.1 of Bitcoin’s code on January 9, 2009.

It’s easy to assign inevitability to the rise of Bitcoin, using the gift of hindsight. The reality, though, is that in its nascent months, Bitcoin’s survival chances were probably no greater than 50-50, and even optimists would have tipped it to be adopted by a few thousand believers at best. As Mike Hearn was to later recall, “At the time bitcoins had no value at all and nobody else was using the system … It was just an interesting science project on SourceForge, one of many, which seemed destined to sink into obscurity.”

Satoshi’s genius lies not only in his ability to solve the double-spend problem, or to eliminate trusted third parties. He painfully created an undoxxable persona that has, as far as we know, withstood unmasking attempts from armchair sleuths and three-letter agencies alike. Satoshi is more than a spur-of-the-moment epithet coined by a man who wanted to preserve his privacy: like a pre-fame superhero, his character was born in the darkness, forged in steel and years in the making.

Do you think Satoshi will ever be found? Let us know in the comments section below.

Images courtesy of Shutterstock, Marvel, and Warner Brothers.

With thanks to Jamie Redman and Katie Webster for their input with this article.

Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post Becoming Nakamoto: How Satoshi Created His Alter-Ego appeared first on Bitcoin News.

Bitcoin News

Satoshi ‘Nakamolto’ Emerges With Great Hair and Questionable Claims

November 3, 2019 |

Bitcoin's Satoshi 'Nakamolto' Emerges With Great Hair and Questionable Claims

A viral video taken at a Las Vegas event has put self-claimed “Bitcoin co-founder” Jörg Molt in the spotlight this past week. A Twitter user in the space known for hair trigger accusations calls Molt a scammer in the video, and Molt proceeds to knock off the guy’s baseball cap. Amusing as the sophomoric dumpster fires of crypto Twitter may be, Molt’s story is illustrative of all-too-common behavior in crypto worthy of focused caution. Before forking over fees for Molt’s Satoshi School courses or bitcoin branded champagne, be sure to know the real story beneath the great head of hair.

Also Read: Satoshi’s Final Messages Leave Tantalizing Clues to His Disappearance

The ‘Co-Founder’ of Bitcoin

While Molt’s reported past of sordid scams, numerous aliases, and life as a DJ in Germany is the source of all kinds of speculation and internet sleuthing, one thing that is immediately verifiable is that he continues to make larger-than-life claims. Molt sells himself (and by extension his courses and BTC-branded bubbly) as “Co-founder of BitCoin” and “one of the few experts in blockchain technology and cryptocurrencies.” He also created something called the Satoshi School, with a website that states:

The Satoshi School is the only school in the world that teaches exclusively about BitCoin and BitCoin blockchain technology in a location that suits you. It was founded in 2016 by BitCoin co-founder Jörg Molt – who has been working on global digital cash projects since 1995.

To see what Molt really means when he says “co-founder,” a Youtube interview with Steven Melnik sheds some light on the slippery language. “It is the magic about that people from all over the world had the same idea at this time,” Molt states of the pre-bitcoin era, affirming in the video that even people who were simply working toward the creation of digital money in general, are all “co-founders.” The interviewer aptly notes that just because some folks thought about ride sharing before Uber, they are not magically co-founders of the company.

Satoshi 'Nakamolto' Emerges With Great Hair and Questionable Claims
“Nakamolto” and his Disney prince hair were a source of entertainment for Twitter users.

Decried by the Boy Who Cried Wolf

Many in the space aren’t having Molt’s conveniently vague language and loud claims of owning 250,000 bitcoins, of course. At the recent WCC Vegas Blockchain Week event, Twitter user @KennethBosak, known in part for his 2018 video where he accosts two unsuspecting booth workers with all the charm of a botched root canal, pointed to Molt, filming and saying:

This guy right here, He’s not Satoshi. He’s telling people he’s [expletive] Satoshi … You don’t belong in the space. Get out.

Satoshi 'Nakamolto' Emerges With Great Hair and Questionable Claims

Bosak claims “Nakamolto” was telling conference attendees he was Satoshi, but this has not been verified. Molt’s reaction to the challenge was to return verbal fire and then sneakily knock off Bosak’s hat. The exchange is childish and of the caliber one would expect from internet sensation seeking. The incident and ensuing attention were apparently enough to send Molt running from Twitter, though, as his account has since been deactivated.

The Satoshi LARP Parade Continues

The last “Satoshi” gave his big reveal back in August to quickly fizzled attention. Like Molt, like Craig Wright, and like so many other attention-seekers in the space, claims were made that Bitcoin had somehow lost its way and been corrupted by greed and lack of leadership. And of course, only the newly revealed Satoshi could fix this. Proof isn’t provided, however, and critique of this lack of evidence is often met with scandalized shouting and gaslighting. After all, what’s the fun of live-action role play if no one believes you?

The crypto space is difficult to navigate for dazzled newbies. Thanks to long strings of priming buzzwords like “blockchain” and purposefully vague language, understanding fundamentals becomes a challenge. Much like the televangelist’s insatiable need to talk about his private jet and gold-threaded suit — while making the congregation all too aware they might miss out on theirs — crypto cons similarly give themselves away. After all, nobody wants to miss out on bitcoin paradise, and a messiah complex goes a long way in selling the story. As for Molt, the veracity of his co-founder status claim, and how many will ultimately become disciples, remains to be seen.

What are your thoughts on Molt’s claims? Let us know in the comments section below.

Images courtesy of Shutterstock, Fair Use.

Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post Satoshi ‘Nakamolto’ Emerges With Great Hair and Questionable Claims appeared first on Bitcoin News.

Bitcoin News

Bitcoin’s Smallest Unit ‘Satoshi’ Added to Oxford English Dictionary

October 15, 2019 |

Bitcoin's Smallest Unit - 'Satoshi' Added to Oxford English Dictionary

Oxford University Press published its recent quarterly report which revealed the term ‘satoshi’ was added to the Oxford English Dictionary (OED) database. The word represents the “smallest monetary unit in the Bitcoin digital payment system,” according to the definition.

Also Read: The Fed Plans to Inject $ 60 Billion per Month Into the Economy

Satoshi, the Smallest Unit in Bitcoin, Added to the Oxford Dictionary

Digital currencies continue to gain mainstream acceptance and the ecosystem’s associated words and terminology have been incorporated into our everyday lives. Oxford University Press recently published its October 2019 update which added a string of new words to the OED database. Words like “Chillax,” “Whatevs,” “Manhattanhenge,” and “Ambarvalia” made it into the OED’s library of terms. Cryptocurrency supporters have noticed the word “satoshi” has been added to the Oxford dictionary as well. The OED database defines the term satoshi as: “The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin.”

Bitcoin's Smallest Unit 'Satoshi' Added to Oxford English Dictionary

Bitcoin’s divisibility was decided by Satoshi Nakamoto in 2008 and each bitcoin is equal to 100 million satoshis. Then in 2010, an individual called Ribuck proposed that one-hundredth of a bitcoin should be called a satoshi in honor of its creator, but a few months later he changed this proposal to the one hundred millionth unit. Since then, the word has caught on with the community and people use the word often and pluralized while also shortening it to sat or sats.

Bitcoin's Smallest Unit 'Satoshi' Added to Oxford English Dictionary

For years, digital currency enthusiasts have tried to attach a symbol to the unit ‘satoshi’ but no design has become widely adopted yet. Although a few people in the crypto community have used an S-like symbol to represent the smallest unit. The OED database also uses an example sentence with the word Satoshi which reads:

There are talks on colored coins, which is nothing but an implementation of Ripple on top of Bitcoin, using satoshis.

Bitcoin's Smallest Unit 'Satoshi' Added to Oxford English Dictionary

Named After the Pseudonymous Developer of Bitcoin

Oxford’s recent addition follows a number of other terms used within the cryptoconomy like “Miner,” “Bitcoin,” “Blockchain,” and “Cryptocurrency.” The word Bitcoin was added to the OED in 2014 and it defines the term as: “A type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.” Investopedia called Bitcoin the “2017 Term of the Year” and the word was also the second most Googled word that year. The word ‘satoshi’ does trend very well on Google at specific times, but only when it applies to the Bitcoin inventor’s monicker, not the smallest unit of currency.

The OED announcement takes note of the sat’s origins, writing that the smallest monetary unit “is named after Satoshi Nakamoto, the—probably pseudonymous—developer(s) of Bitcoin.”

What do you think about the Oxford dictionary adding the word satoshi? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Oxford, OED, Bitcoin Wiki, Wiki Commons, Fair Use, and Pixabay.

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The post Bitcoin’s Smallest Unit ‘Satoshi’ Added to Oxford English Dictionary appeared first on Bitcoin News.

Bitcoin News

Greta Thunberg Joins Satoshi in Questioning Bank Bailouts

September 12, 2019 |

Greta Thunberg Joins Satoshi in Questioning Bank Bailouts

Saving planet Earth is a noble goal with many different dimensions. Climate change needs to be addressed vigorously as our world warms up faster than ever. Economic development needs a higher degree of financial freedom to provide everyone access to opportunities and wealth. A teenager from Scandinavia, dubbed a “next generation leader,” has once again challenged governments and politicians. “If we can save the banks, we can save the world,” Sweden’s Greta Thunberg told those who always find money to postpone the problems but often claim real solutions are too expensive.

Also read: Initiative to Curtail Negative Interest Rates Gains Traction in Germany

The Greta Thunberg Effect

Greta, a 16-year-old student from Stockholm, has become a loud voice for bold action against the looming “climate crisis” as she calls it. Last year, the self-made environmental activist began her “school strikes” to protest the inability of decision makers and the current generation of grownups to tackle the issue. Handing out leaflets stating “I am doing this because you adults are shitting on my future” outside the Swedish parliament during school hours was how she chose to send her message.

She started her campaign before Sweden’s general elections in September 2018, after the hottest summer in over two centuries brought heat waves and wildfires to the Nordic country. Greta missed school for three weeks to sit down in front of the Riksdag and demand that her government take steps to reduce carbon emissions in accordance with the Paris Agreement. After the election, her “Skolstrejk för klimatet” protest continued on Fridays, inspiring similar actions by thousands of students around the world in what has been dubbed the “Greta Thunberg effect.” She is now participating in demonstrations throughout Europe as well.

Greta Thunberg Joins Satoshi in Questioning Bank Bailouts

The strategy eventually gave her a world stage where she told business leaders their financial success comes with an unthinkable price tag, warned politicians all their parties have failed, and told media not enough has been done to create broad public awareness about climate change. Her blunt manner and the way she puts the problems of global warming in perspective made her a coveted public speaker for the cause of all scientists and activists who point out we have only about a decade before our mistakes become irreversible.

Not content with limiting herself to protests and speeches, Greta Thunberg has set a personal example for how everyone can reduce their carbon footprint, including giving up flying and switching to a meat-free diet. She also managed to convince her own parents, Swedish opera singer Malena Ernman and actor Svante Thunberg, to implement these life-style changes in their family. Her efforts won support from academics and global leaders, while philanthropists and investors donated funds to the grassroots movement Extinction Rebellion and school strike groups in various countries.

We Have Money, We Lack Will

Thunberg’s latest mission took her on a sail across the Atlantic this past August. The 16-year-old crossed the ocean from Plymouth in the U.K. to New York in a 60-foot racing yacht, a vessel equipped with solar panels and underwater turbines. The trip was announced as carbon neutral and was organized to demonstrate Greta’s commitment to the goal of reducing CO2 emissions. It started on August 14 and took about two weeks. On the other side of the pond, the young activist will be attending the United Nations Climate Action Summit in New York City and the COP 25 climate change conference in the Chilean capital Santiago.

Greta Thunberg arrived in America ahead of the September 20 global climate strikes which are expected to bring to the streets millions of protesters in over 150 countries. They are scheduled to coincide with the UN summit on climate change which kicks off on September 23. Greta’s relentless activism helped inspire the protests. “I want September 20 to be a tipping point. I want world leaders to feel like they have too many people watching them,” she said during an event on Monday, directly confronting elites as usual. And her strongest message was addressed to those who insist it’s too expensive to deal with the climate crisis by adopting comprehensive new policies:

If we can save the banks, we can save the world.

Quoted by the Common Dreams portal, Greta further noted that “If there is something we are not lacking in this world, it’s money. Of course, many people do lack money, but governments and these people in power, they do not lack money.” The Swede believes we also need to have the polluters pay for the damage they are causing. “So, I would not even respond to that argument, because it has been said so many times, the money is there. What we lack now is political will and social will to do it,” she stressed.

Indeed, the last global financial crisis showed governments are willing to spend billions to save financial institutions deemed too big to fail, despite the wrong decisions of their very well paid managers. According to a paper authored by Deborah Lucas, finance professor at the MIT Sloan School of Management, the total direct cost of crisis-related bailouts during the 2008 financial meltdown in the U.S. alone was about $ 498 billion on a fair value basis. That amounted to 3.5% of the country’s gross domestic product in 2009. Lucas also found the main beneficiaries were the large, unsecured creditors of financial institutions, big institutional investors, pension and mutual funds, insurance companies, and sovereigns.

Greta Thunberg Joins Satoshi in Questioning Bank Bailouts

Calculating the cost of bank bailouts correctly is important as their real price tag often remains hidden from taxpayers whose money is spent to rescue wealthy bankers. That’s even more important now when the next financial crisis seems to be on the horizon, with central banks preparing for new interest rate cuts and planning for more quantitative easing. Just as Greta points out, the funds are there and they are definitely more needed elsewhere. Supporting the limiting of factors that lead to intensified climate change is worth more than financing policies which simply postpone the problems of the traditional financial system for the next generations to solve.

While inventing Bitcoin, Satoshi Nakamoto must have thought about these matters. We know the creator of the world’s first decentralized cryptocurrency inscribed into the genesis block the Times headline “Chancellor on Brink of Second Bailout for Banks” from the Jan. 3, 2009 issue. It’s difficult to know exactly why Satoshi did so, but he was likely worried about the continued wasting of people’s money on saving failed corporations that under normal market conditions would have been left to go bankrupt, just like thousands of homebuyers, for instance.

Greta Thunberg Joins Satoshi in Questioning Bank Bailouts

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Do you think the world would have enough money to adequately address the problems of climate change if it didn’t spend so much on bank bailouts? Share your thoughts on the subject in the comments section below.

Images courtesy of Shutterstock.

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The post Greta Thunberg Joins Satoshi in Questioning Bank Bailouts appeared first on Bitcoin News.

Bitcoin News

Another Self-Proclaimed Satoshi Fails to Sway Crypto Community

August 19, 2019 |

Another person has attempted to claim the title of Satoshi Nakamoto, the creator of Bitcoin. According to a blog post published on August 18, this new person aims to expose his “real-life identity” through a series of written memoirs. The final ‘reveal’ will allegedly give the public the true answers to the decade long mystery. Despite the attempt so far, the cryptocurrency community is not buying the story and the huge effort stemming from the website, Satoshi Nakamoto Renaissance Holdings, has been quite feeble. Some community members are not pleased with some elements of the story either.

Also read: Bitcoiners Brace for More Performance Art and Another ‘Satoshi Reveal’

Another Person Hopes to Convince the World He’s Satoshi With a Few Blog Posts

The latest person to claim to be Satoshi had published a slew of press releases explaining that he would be publishing a series of posts leading to the ultimate reveal. reported on the story when the press release came out and explained how most people assumed it was a marketing tactic to get people’s eyes on something else. It still might be a marketing effort or ruse of some sort, but the person truly attempts to claim the Satoshi Nakamoto monicker. In addition to the declaration, the person wrote a 3,300-word blog post about the origins of Bitcoin and his pseudonym. The post says it was written “as told to Ivy McLemore,” the PR team behind the so-called ‘reveal.’ It was also edited a few times since it was published at 4 p.m. EDT, when the word “cyberpunk” was changed to the word “cypherpunk” on two occasions. The blog edit was a pretty foolish mistake as the two words have different meanings.

Another Self-Proclaimed Satoshi Fails to Sway Crypto Community
The post was published at 4 p.m. EDT on Sunday, Aug. 18, 2019. It was also edited multiple times and the original can be seen on

The so-called creator of Bitcoin said he’s always been a believer in freedom and that’s why he began the blockchain journey. In the post, he explained that Hal Finney was his “closet ally and mentor” and the technology was not designed overnight. “Bitcoin was created through circumstantial requirements, but its current exposure cannot be attributed to design,” he noted. The author then veered off into a tone that’s similar to the Australian Craig Wright’s recent blog posts. The new Satoshi claimant said that the creation of Bitcoin led him to hide so he couldn’t be tied to something deemed illegal by governments. “At its conception, Bitcoin was worth mere cents,” the author remarked. “Later, when its usage was hijacked for illicit means, I made decisions and set off a chain of events to create distance between my creation and myself.” In order to further highlight the alleged misappropriation of the technology he invented, he added:

Today, when Bitcoin is understood by the advances of technology, but at the same time is being hijacked by greed, I feel I have a duty to work hard and make my creation better and take its vision to the next level.

Another Self-Proclaimed Satoshi Fails to Sway Crypto Community
The series of blog posts that aim to expose the self-proclaimed Satoshi’s “real-life identity.”

After discussing the origin of how everything transpired, the blog post explained how the author came up with the name “Bitcoin.” The name stemmed from a Pakastani bank called “BCCI,” a financial institution shut down in 1991 by the Bank of England for money laundering. His father worked for United Bank Limited and he got a unique perspective of the banking system. The financial crisis of 2008 was the “final push for Bitcoin to be created” and he was also dealing with difficulties obtaining a bank account.

“I didn’t like the way banks controlled and utilised other people’s money and I wanted to at least try to change this. I felt like a failure and was humiliated by the banks so I made it my mission to invent something that would enable a common layperson to access money without involving the big banks,” the memoirs detail. The term Bitcoin came from the BCCI name, as so: “Bank of CredIT and COmmerce INternational.” The author also stated:

I wanted to empower the poor person, empower the little man, and create something that was accessible as the people’s money – the people’s bank with no boundaries, no nationalities, and no discrimination – where nothing was controlled by the government and where no one dictated and destroyed people for the sake of misplaced politics.

Another Self-Proclaimed Satoshi Fails to Sway Crypto Community

Using Hal Finney’s Good Name and the New Vision

The last part of the blog post is one reason why people didn’t appreciate this so-called reveal because it involves the now deceased Hal Finney. Using Finney’s good name to promote a marketing ploy would be vile and disgusting to say the least. Before explaining the alleged relationship with Finney, the so-called inventor clarified how Chaldean numerology was used to create his moniker and he emphasized that numerology was a way to encrypt many of the decisions he made during the development of Bitcoin.

As far as Hal Finney was concerned, the author gives a lot of credit to the renowned cryptographer and the man who received the first bitcoin transaction. He considered Finney his “closest ally” and referred to him as the “Steve Wozniak” of Bitcoin, which means Finney did a lot of the leg work. “I always looked at how it would be successful commercially with a vision to change the financial world while he looked at the technical aspects,” the writer expounded.

Another Self-Proclaimed Satoshi Fails to Sway Crypto Community

Of course, a good portion of the crypto community thinks the entire story is a farce and they believe this is just another “Faketoshi” trying to steal some thunder. The website BCCI’s domain credentials and the company registration show two people behind the business – Bilal Khalid, and Munir Aslam Malik. Both names are very common in Pakistan and the blog post notes that Satoshi flew to Pakistan regularly from the UK. The blog announcement also says he changed his legal name in the UK, soon after the technology was up and running. There’s not much information on these two individuals online, minus a few connections to BCCI and a few other domains. There are other websites that are connected to the BCCI name which include,,, and The domain “5ato5hi” shows a lot more information about this debacle as the website’s home page says “Satoshi Nakamoto: A Round Peg in a Square Hole.”

Another Self-Proclaimed Satoshi Fails to Sway Crypto Community
The website

The website’s “about” section shows the business is awfully fascinated with the word “blockchain” and clearly shows the creator of the website thinks blockchain will disrupt “42 business verticals.” There’s the “Blockchain Operating System” which claims to be a distributed ledger framework that will become the “default operating system (OS)” for personal, business, and enterprise users. The associated websites and the ‘revealing’ story are all very tacky as all of the published material has been riddled with grammatical errors, misspellings, and using the word “cyberpunk” and changing it to “cypherpunk” after the internet called out the mistake. So far, many crypto proponents assume that the man who will step forward will be Bilal Khalid. “Hey Ivy McLemore, just so you’re aware, Bilal Khalid is not Satoshi Nakamoto. Have fun promoting his ‘reveal’ whilst your name gets dragged through the mud,” Monero’s Riccardo Spagni tweeted after the reveal post published.

Another Self-Proclaimed Satoshi Fails to Sway Crypto Community
The website

No One Believes the New Satoshi But People Love Fictional Satoshi Stories

Of course, the latest ‘reveal’ got attention as people do love the fan fiction behind Satoshi Nakamoto stories. It’s safe to say that a lot of observers will visit the URL to read the next blog post installments which plan to publish on Monday and Tuesday at 4 p.m. EDT. The next post will continue to cover his strong belief in Chaldean numerology. But the second installment will also “reveal all facts” related to his alleged 980,000 bitcoins. People will have to wait until the third published post to find out his “real-life identity” and decide whether or not his claims are legitimate.

Another Self-Proclaimed Satoshi Fails to Sway Crypto Community

So far, just like the pushback Craig Wright has seen, no one considers this new ‘reveal’ valid. Bitcoiners think the website, Satoshi Nakamoto Renaissance Holdings, is simply a tasteless marketing ploy. A lot of people also think the author’s writing is not at all similar to Satoshi’s old posts on, and the self-proclaimed Satoshi over accentuates a U.K.-based undertone and says the word “whilst” quite a bit. However, the website has been getting a lot of traffic. The site’s server was down multiple times yesterday due to a traffic overload after the un-edited version of the blog post published.

What do you think about the so-called Satoshi reveal? Do you think it’s just another marketing ruse? Let us know what you think about this subject in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies, and websites associated with this story. or the author 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 content, goods or services mentioned in this article. This editorial review is for informational purposes only.

Image credits: Shutterstock, the Satoshi Nakamoto Renaissance Holdings website,, and Twitter.

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The post Another Self-Proclaimed Satoshi Fails to Sway Crypto Community appeared first on Bitcoin News.

Bitcoin News

Bitcoiners Brace for More Performance Art and Another ‘Satoshi Reveal’

August 17, 2019 |

Bitcoiners Brace for More Performance Art and Another 'Satoshi Reveal'

On Friday, a variety of paid press releases were published stemming from a company called Satoshi Nakamoto Renaissance Holdings, a firm that claims a big “reveal” is coming on Sunday, August 18. According to the announcement, Satoshi Nakamoto will divulge his “real-life identity” alongside his “country of origin, education, professional background, and why he has yet to move any of his 980,000 bitcoins.” Many cryptocurrency supporters believe the press release is nothing more than a market ploy similar to the ruse ‘unveiled’ last May.

Also read: Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit

Another So-Called Satoshi Plans to Reveal His Identity

There have been so many self-styled Satoshi Nakamotos over the years it’s starting to get hard to keep track of them all. Now this weekend on Sunday, August 18, another person who claims to be Bitcoin’s inventor is supposedly doing a “reveal” to show the world he’s Satoshi. The press release published by a PR agency called Ivy McLemore & Associates never mentions who the mysterious man is, but claims that the person will be disclosing his true “real-life identity.” “After a decade of anonymity, Satoshi Nakamoto will break his silence in Part I of his ‘My Reveal,’” the media release explains. The statement to the press stemming from the company Satoshi Nakamoto Renaissance Holdings can be found on various paid press service websites.

Bitcoiners Brace for More Performance Art and Another 'Satoshi Reveal'
The reveal website.

“Indicative of the compelling evidence he presents in each part of the series, Nakamoto will illustrate the role that cyphers and encryption related to his devotion to Chaldean numerology played in many decisions in his creation of Bitcoin,” the announcement claims. Moreover, the so-called Satoshi revealer aims to publicize why he registered the website 11 years ago. The statement adds:

Nakamoto also will disclose why he chose the date August 18 not only to register in 2008 but also to release Part I of “My Reveal” this coming Sunday on the 11th anniversary of his registration of through

Here We Go Again — There’s No ‘Blank Slate’ When It Comes to All the Satoshi Marketing Ploys

The company behind the reveal says that the revelations will allegedly culminate Tuesday with part II and III being published on the two websites mentioned in the media statement. The public will be introduced to the “Tabula Rasa, his clean-slate vision for Bitcoin’s transformational rebirth, and the declaration of his identity.” The Tabula Rasa is a theory defined by John Locke that suggests humans are born with a “blank slate” and everything is learned through one’s sensory experiences. What this theory means for the Bitcoin network is anyone’s guess, and it’s likely written in a cryptic way to keep a person curious about the so-called reveal on Sunday. The reveal day follows a similar announcement made last May when the creators of the website revealed themselves, and it turned out to be a cryptocurrency news feed app for mobile phones. Despite the last Satoshi reveal marketing ploy, the cryptocurrency community has been discussing the matter. “Cryptographically signed message or piss off,” exclaimed the Casa CTO Jameson Lopp.

Bitcoiners Brace for More Performance Art and Another 'Satoshi Reveal'
The PR team behind the Satoshi Nakamoto Renaissance Holdings reveal.

Since the whole Craig Wright fiasco and the multitude of other self-proclaimed Satoshi’s, people seem to be getting tired of deception and sensational tactics. “Even if somebody did sign/verify the genesis block it doesn’t mean they are Satoshi,” the Twitter handle Bitconsultants responded to Lopp’s tweet. “It just means they have the keys. At this point, it’s next to impossible to prove who Satoshi is/was,” the account further remarked. Digital currency enthusiasts have also been responding to the announcement tweet stemming from Ivy McLemore. “Just get him to move a coin from the genesis block, then people will be bothered,” one person wrote to the PR agency. Another individual tweeted:

This would literally be the single stupidest move he/she/they could make and it would be known to be — 100% bullshit.

And the Satoshi LARP Award Goes to…

The story highlights the fact that there are a great number of people in search of the mysterious Nakamoto, but now marketers and businesses are using this desire to their advantage. It also shows the ridiculous number of Satoshi suspects and those who have claimed to be the currency’s creator. There’s the Hawaiian domain owner, Bitcoin Origins writer Scronty, the writer called “Duality,” the Bulgarian Debo Jurgen Etienne Guido, and of course the Australian who has claimed to be Satoshi for years. There are also Nakamoto suspects who are not alive or are in jail like the criminal mastermind Paul Le Roux, the forensics investigator David Kleiman, and the renowned cryptographer Hal Finney. There have been so many claimants over the years that it’s not even unbelievable anymore that people are willing to come forward and say they created Bitcoin. If anything the crypto community might want to host a live-action role-playing (LARP) award ceremony for all the nuts who say they are Satoshi.

Bitcoiners Brace for More Performance Art and Another 'Satoshi Reveal'
There have been so many Satoshi LARPers there needs to be an award for the best performance art.

These Satoshi revealers have put far more energy into the Nakamoto LARP in contrast to the simplicity of merely verifying an old message or private keys. Instead, we have people creating domains using Satoshi’s name for marketing purposes, people writing memoirs, and Bitcoin inventors with their own PR teams. A great example of these ludicrous theatrical performances was back in May 2016 when Quartz columnist Joon Ian Wong reported that Craig Wright allegedly used the rockstar David Bowie’s PR agency, Outside Organisation, to help with the big reveal that week. Outside Organisation was so good that they were able to get the public’s eyes fixated on Bowie, David Beckham, the Spice Girls, and allegedly the self-proclaimed Satoshi. Wong’s Quartz article details that during the Wright reveal ceremonies reporters from three different publications were “selected” for “proof sessions.” In addition to David Bowie’s PR firm, the selected journalists from the Economist, GQ, and the BBC publications were forced to sign non-disclosure agreements (NDA) in order to participate in the reveal, Wong detailed.

The Satoshi Nakamoto Renaissance Holdings PR attempt is not much different than the slew of wannabes and attention seekers in the past. Part I of his “My Reveal” on Sunday, August 18, at 4 p.m. EDT will be shown on the company website, Its likely people will tune in to hear what the person has to say for a brief period of time, but its more probable that the reveal will be nothing more than a tacky marketing attempt in order to highlight something else. An illustration of the announcement’s marketing nonsense can be read under the Satoshi Nakamoto Renaissance (SNR) Holdings business description, which states the company is a provider of “blockchain technologies to help transform people’s lives.” In reality, the only thing this announcement will likely provide is another attempt at Satoshi performance art — And a poor one, too.

What do you think about the so-called Satoshi reveal scheduled for Sunday? Do you think it’s just another marketing ruse? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Pixabay,, and Twitter.

How could our Bitcoin Block Explorer tool help you? Use the handy Bitcoin address search bar to track down transactions on both the BCH and BTC blockchains and, for even more industry insights, visit our in-depth Bitcoin Charts.

The post Bitcoiners Brace for More Performance Art and Another ‘Satoshi Reveal’ appeared first on Bitcoin News.

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From Spartacus to Satoshi: A Brief History of Economic Rebellion

August 7, 2019 |

A Brief History of Economic Rebellion: From Spartacus to Satoshi Nakamoto

Government dominance of human beings via slavery and violent economic oppression is as old as government itself. For thousands and thousands of years kings and rulers, usually held to be “appointed by God,” have used free, non-violent individuals as their tax farm livestock to exploit for economic gain and political power. Without individuals with the grit to stand up and fight back in unique ways, the history books might read very differently. But lucky for everyone, they did exist, and continue to today.

Also Read: How Governments Steal Your Money and Conceal It Through Inflation

The Tax Slave State

Throughout the history of governments worldwide, those who seem to be most severely punished, threatened, and hotly pursued are they who compromise the bread and butter of the state. Namely, the unethical and violent economic practices that give the individuals calling themselves government their power and security. The following list, while not comprehensive by any stretch, serves as a brief historical overview of notable freedom fighters who have challenged evil economic paradigms and inspired their fellow humans to rise up and take their own power back. In the wake of cases like Eric Garner (strangled to death for allegedly selling loose, untaxed cigarettes) and Ross Ulbricht, it seems a timely endeavor.

From Spartacus to Satoshi: A Brief History of Economic Rebellion


A gladiator slave turned rebel, Spartacus would defy Roman rule and escape the tax farm in 73 B.C., leading around 70 of his fellow slaves to freedom. Arming themselves only with kitchen implements, they fought their way out of the gladiator school at Capua and headed for defensive shelter on Mt. Vesuvius. Though gladiators are often depicted in modern times as ancient rockstars of sorts, the truth is that most were slaves to the Roman state, trained brutally and treated cruelly. Gladiators were forced to swear the oath where one “vows to endure to be burned, to be bound, to be beaten, and to be killed by the sword,” and served as tools of political influence for their owners. Though Spartacus would ultimately fall to the Roman sword, he assembled an army of 120,000 men, women, and children from nothing, and successfully challenged – and even defeated, at times – the most powerful empire in the world. His legend continues to serve as an inspiration for many struggling under the heavy hand of political exploitation and economic oppression.

From Spartacus to Satoshi: A Brief History of Economic Rebellion

Robin Hood

While some legendary characters become so surrounded by folklore they are impossible to trace historically, Robin Hood actually isn’t that mysterious, according to some sources. There are two main versions of the alleged historical character, the argued “real one” likely being not so polite and heroic as tradition would maintain, but more brutal and wild, coming to prominence sometime in the mid-14th century. All the same, Robert (or Robin) Hood is believed to have been pitted against the very real corrupt religio-political leaders of the time, which had taken to pilfering the poor via corrupt politics and threats of hellfire. Whether or not this character actually gave back to the poor habitually, or mostly stole money back from corrupt politicians for himself, is up for debate. What seems to stand up to scrutiny though, is that there was likely a real-life basis for the legend who was an excellent archer, often stood on the side of the downtrodden, and fought against the crooked powers of the time. The most powerful part of the story being the wild, justice-seeking spirit that still inspires courage in freedom-minded individuals today.

From Spartacus to Satoshi: A Brief History of Economic Rebellion


Taking a long walk to make and sell one’s own salt might not seem revolutionary, but in the context of Mohandas Gandhi’s times, this was an act of bold defiance. Traveling to the Arabian Sea to protest Britain’s 1882 Salt Act, Gandhi took with him 78 volunteers and walked 240 miles to the village of Dandi, to make salt from seawater. The act was illegal, despite the fact that British law and accompanying taxes were starving masses of Indians of the much needed mineral. Police beat Gandhi to the punch and pushed many salt deposits into the mud before his arrival. Nevertheless, the activist was able to remove a chunk of raw salt with his hand and raise it into the air, effectively breaking colonialist British law. 60,000 people were arrested as a result of the march and accompanying non-violent protests. Journalist Webb Miller described one scene at the Dharasana salt works:

Scores of native policemen rushed upon the advancing marchers and rained blows on their heads with their steel-shod lathis [batons]. Not one of the marchers even raised an arm to fend off the blows. They went down like ten-pins. From where I stood I heard the sickening whack of the clubs on unprotected skulls … Those struck down fell sprawling, unconscious or writhing in pain with fractured skulls or broken shoulders.

It’s hard to imagine this level of brutality over salt, but these are the games government plays. As a lesser known, brief aside, British taxes on food products also played a role in Ireland’s great potato famine, with some labeling the warped implementation of British “free market” policies as an actual genocide.

From Spartacus to Satoshi: A Brief History of Economic Rebellion
Tax protestor Vivien Kellems.

Vivien Kellems

A lesser known tax protestor, who stood face to face in battle with the U.S. federal government, is Vivien Kellems. In 1948, Kellems defied the state in refusing collection of withholding taxes from her employees, and cited the practice as unconstitutional, openly inviting the state to indict her. Writing about her in his book “For a New Liberty,” libertarian philosopher and economist Murray Rothbard states:

She demanded that the federal government indict her, so that the courts would be able to rule on the constitutionality of the withholding system. The government refused to do so, but instead seized the amount due from her bank account. Miss Kellems then sued in federal court for the government to return her funds. When the suit finally came to trial in February 1951, the jury ordered the government to refund her money.

Kellems would continue to refuse taxes until her death, reportedly sending in blank forms to the IRS every year.

From Spartacus to Satoshi: A Brief History of Economic Rebellion

Satoshi Nakamoto

A Japanese given name meaning “intelligence,” “wisdom,” or “guidance,” Satoshi has broken the world of global finance wide open. In creating and releasing the world’s first decentralized and secure cryptocurrency via the Bitcoin protocol, the pseudonymous Nakamoto, much like Robin Hood and other legends, commands riveted fascination from specialized experts and laymen alike. Cryptically hinting at the reason for the creation, hashed into the genesis block, Satoshi communicates:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

This is commonly thought to be a reference to the irresponsible and reckless monetary policies of banks and governments worldwide, during a time of extreme economic unrest and upheaval, as well as a nod to the upcoming generations of value holders who would resist this insanity. This resistance taking the form of a new, secure, sound and decentralized currency called Bitcoin.

From Spartacus to Satoshi: A Brief History of Economic Rebellion

‘I am Satoshi’

There are so many other figures who deserve to be included in this list. From Henry David Thoreau and his refusal to fund the Mexican-American war via poll taxes, to Ed and Elaine Brown, who faced potential death at the hands of federal agents to stand by their convictions, and are now spending their last years on earth caged. Or Sherry Jackson, the former IRS agent who would spend three years in prison for refusing to pay income tax. Some even argue that the Jesus Christ of the Bible stood opposed to taxation, confounding sly interrogators with a riddle of an answer, concerning paying tribute to Caesar.

Whatever the case, and however foggy the actual historic natures of some of these individuals may be, or become over time, there is a reason their stories are so compelling. In Howard Fast’s 1951 novel “Spartacus,” rebels and escaped slaves sympathetic to the cause of their leader would shout “I am Spartacus!” when attacking and fighting, so as to confuse the Roman authorities as to the real location of their gladiator-in-chief. It’s only too easy to draw a decentralization metaphor here. Suffice to say that when an idea resonates, and individuals of the same spirit unite and act as one, it becomes unstoppable.

Who’s your favorite rebel for economic freedom? Let us know in the comments section below.

OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. 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. 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 courtesy of Shutterstock, fair use.

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Le Roux Biographer: Cartel Boss Is the Most Credible Satoshi Yet

July 25, 2019 |

Le Roux Biographer: Cartel Boss Is the Most Credible Satoshi Yet

Paul Le Roux is a criminal kingpin turned criminal informant whose misdeeds have filled a book. The author of that tome is investigative journalist Evan Ratliff, whose rip-roaring tale has recently received a postscript: Le Roux may also be Bitcoin creator Satoshi Nakamoto. This week on the Humans of Bitcoin podcast, Ratliff expounded on that theory, asserting that his biographical subject is the most credible Satoshi yet.

Also read: Satoshi Nakamoto Could Be Criminal Mastermind Paul Le Roux

The Duality of Paul Le Roux

Paul Le Roux was a master of digital disguise, deploying a string of pseudonyms and enforcing email encryption upon his employees, many of whom didn’t even know his real identity. But was one of the hats Le Roux wore marked ‘Satoshi’? It’s a question that journalist Evan Ratliff has pondered on and off since 2016 when he commenced work on Le Roux biography “The Mastermind.” Ratliff had pause to return to this question this year after publications including detailed the many similarities between Le Roux and Satoshi.

Le Roux Biographer: Cartel Boss Is the Most Credible Satoshi Yet

On the surface, Le Roux was a computer geek who coded his own disk encryption software and led a reclusive life. Behind the scenes, however, he was running an illegal pharma empire, trafficking drugs, guns and gold, arming a Somalian military compound and overseeing the murder of several associates. The thread connecting these seeming contradictions was a mistrust of government and dislike of banks, on account of their propensity to seize and freeze suspicious funds. But does this thread connect Le Roux to Nakamoto? According to the man who knows more about the former than perhaps anyone, it’s a strong possibility.

“Of all the [Satoshi] candidates that are out there I think he’s the best one,” said Ratliff on the Humans of Bitcoin podcast released on July 23. He conceded, however, that “the universe of possible candidates is dozens, maybe hundreds” and that there was “no smoking gun.” When host Matt Aaron put it to Ratliff that the author would wager on Le Roux over other putative Satoshis, he concurred, “Yes, I would bet on Le Roux.”

Could This Real Life Bond Villain Be Bitcoin’s Builder?

“Le Roux built software very similar to Bitcoin,” observed Evan Ratliff, as he began to riff on the commonalities shared by the enigmatic duo. He then spoke of the code review he had Core developer Gregory Maxwell perform of the Bitcoin source code and Le Roux’s E4M encryption software. The results were inconclusive, but didn’t exclude the possibility that the two codebases, composed a decade apart, were the work of the same individual. “I think in terms of how the software’s released, there are a lot of parallels,” said Ratliff, noting how Satoshi’s initial email to Adam Back reads remarkably similar to those Le Roux sent to sources he intended to cite in the E4M documentation. Ratliff continued:

Le Roux, motivationally, lines up extremely well. He’s anti-government, obviously … he had complaints about banks going back to before he was involved in crime.

Because Le Roux worked on software for major Dutch and Australian banks, “he had an intimate knowledge of the banking system”. In addition, “there’s a lot of little writing things you can match up that kinda fit [but] there’s some that don’t,” said Ratliff. In his Wired article on the matter, published on July 16, Ratliff confesses to having “obsessively catalogued” Le Roux’s early life, concluding in his subsequent biography, “I wasted countless hours trying to determine if there was any connection” between Le Roux and Satoshi. “As far as I could tell, there wasn’t.”

Le Roux Biographer: Cartel Boss Is the Most Credible Satoshi Yet
Paul Le Roux

In 2019, in light of new evidence ostensibly connecting the two, sparked by an unredacted footnote in a document from the Kleiman v. Wright lawsuit, Ratliff returned to his trove of documents on Le Roux, discovering “surprising correlations I’d missed or discounted the first time.” After a month down the Satoshi rabbit hole, he wrote:

I was able to convince a colleague with deep cryptocurrency knowledge, someone who’d followed every twist and turn of the Satoshi saga, that Le Roux was the odds-on solution to the mystery of who created bitcoin.

It was a search which, like so many that have gone before it, was to unearth tantalizing clues to a connection, but nothing concrete. Next month, assuming his hearing isn’t further delayed, Le Roux will be sentenced for his many crimes, with his status as a cooperative informant likely to spare him a life sentence. This means that the man who once plotted a coup in the Seychelles and trafficked methamphetamine from North Korea will walk free one day, whereupon his first task will be to recover what remains of the several hundred million dollars’ worth of assets he is believed to have owned prior to his DEA arrest in 2012. If self-confessed betting man Evan Ratliff is right, those riches might also include a stash of bitcoin worth a cool $ 10 billion.

What are your thoughts on Le Roux being Satoshi? Let us know in the comments section below.

Images courtesy of Shutterstock.

Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

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Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit

July 24, 2019 |

Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit

A new filing has been submitted to the ongoing Kleiman v. Wright case stemming from a man who claims to be Satoshi Nakamoto. The man, named Debo Jurgen Etienne Guido, has sent handwritten testimony to the Southern District of Florida courthouse asserting that he is the “genuine and only originator/creator” of the genesis block that started the Bitcoin network in 2009.

Also Read: Many Self-Proclaimed Bitcoin Inventors and Satoshi Clues Were Debunked in 2018

A Wild Satoshi Appears in the Kleiman v. Wright Lawsuit

The high profile billion-dollar bitcoin lawsuit continues this week as an interesting filing was submitted to the court on July 22. The lawsuit involves the family of the now-deceased David Kleiman and his multi-year business relationship with the self-proclaimed Bitcoin inventor Craig Wright. The Kleimans have accused Wright of manipulating David’s bitcoin inheritance and a vast amount of intellectual property. Florida court case Kleiman v. Wright (9:18-cv-80176) revolves around an alleged trust that purportedly holds 1 million BTC. However, on July 11, reported on the Kleiman estate’s witness, Dr. Matthew Edman, a cryptography expert who found a slew of discrepancies within Wright’s submitted evidence like document modification and other backdated materials. Following the testimony from Edman on Monday, July 22, another filing was submitted to the court which adds a new twist.

Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit
Debo Jurgen Etienne Guido claims he is Satoshi Nakamoto in a letter sent to the Florida courthouse. Debo also alleges that Craig Wright’s claims are bunk.

According to the filing, Debo Jurgen Etienne Guido, a man who resides in Belgium, has sent a written testimony to Judge Bruce Reinhart claiming to be Satoshi Nakamoto. Debo’s handwritten letter contends that he was the inventor of the Bitcoin technology, the originator who initiated the genesis block, author of the whitepaper, and owner of the email handle. The letter states:

I hereby testify, by written letter — I am the genuine and only originator/creator of the genesis block of the Bitcoin blockchain. I used the handle Satoshi Nakamoto and mail to write and publish the whitepaper.

Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit
The handwritten letter sent to the courthouse and filed on July 22.

PGP Key 0x18C09E865EC948A1 Trust Signed by an Inner Circle and Distributed With Early Versions of Bitcoin

Debo also states that he generated the PGP key 0x18C09E865EC948A1 and he claims the key was trust signed by an inner circle of people. The self-proclaimed Bitcoin inventor has been telling the public he is Satoshi for quite some time now. Debo has used a Twitter account called @realsatoshin since 2015. For instance, before Debo’s letter was filed in court on July 4, 2019, he tweeted that his PGP key was trust signed by Hal Finney, Gavin Andresen, Peter Todd, and Wladimir van der Laan. Following Debo’s statements on Twitter, Bitcoin Core developer Wladimir van der Laan joined in on Debo’s Twitter thread and spoke about the key.

“There are no known messages signed by that key, but it was distributed along with early Bitcoin, so it could be Satoshi’s real key, but mind the uncertainty,” Wladimir van der Laan said responding to Debo’s key statements. “My signing it was a mistake about how GPG web of trust is supposed to work at the time, and I revoked it later,” BTC’s lead maintainer detailed.

Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit
The 0x18C09E865EC948A1 key was revoked on May 2, 2016, the same day that Gavin Andresen told the community that he witnessed proof from Craig Wright in London. Core developers revoked Andresen’s commit access to the Bitcoin Core (BTC) project as well.

Searching the PGP key database on the MIT servers shows that Debo’s key was tethered to the email address and other emails with the Satoshi name in them. There are two specific dates that are associated with the key, which include Oct. 30, 2008, and Jan. 3, 2009. Those two dates represent the day before the whitepaper was published online on Halloween 2008, and the birth of the genesis block on Jan. 3. Like Wladimir van der Laan said in his tweet, the MIT server shows he did revoke the 0x18C09E865EC948A1 key on May 2, 2016, as the key was coincidently revoked the same day Gavin Andresen was removed as a Core maintainer.

Contacting Kleiman’s Lawyer and Debo’s Opposition to Sign With the Genesis Block

Debo’s letter to the Florida courthouse and Judge Reinhart emphasizes that he never had any contact with David Kleiman. The letter also insists that Craig Wright “has no single private key of my known PGP key on the genesis block.” “The man has no clue how the genesis block is composed as he did not mine the blocks assigned to the so-called whale wallet,” Debo’s letter asserts.

Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit
An alleged private conversation on Twitter between Debo and Kleiman attorney Vel Freedman.

Before the letter was sent to the courthouse Debo showed everyone on Twitter that he was sending the letter and he also showed that he was sending private messages to the Kleiman attorney Vel Freedman. “I have a strong feeling Mr. Kleiman is set up in a ‘Nigerian scam’ and I would like you to talk in full honesty with your client — to confirm they really are sure,” Debo wrote to the lawyer. The private message added:

Confirm that [Kleiman] really did talk with the real Satoshi Nakamoto — There were two Vistomail [email] accounts in place: Satoshin and Satoshi — Be aware of that. I used Using the Patriot Act I suggest you ask for a full backup in Germany and you will notice the communication with Harold Finney is signed, sometimes encrypted with my known PGP key or subkey I do own — There is no way that Craig Wright has access to my private PGP key.

In another private message screenshot with Freedman, the attorney responds to Debo’s messages. “Mr. Debo, if you would sign a message with the genesis block to me, it would really assist my case.” Debo’s response to Freedman’s request indicated that the Belgium native is not willing to show his so-called proof until he is ready. Debo explained that when he signs the genesis block, he will then have to prepare to move to a safe place, which is something he’s not ready to do. He asked the lawyer why Freedman is asking him to sign, when he should be asking Craig Wright. “He should and could explain how he composed the genesis block — he could sign with my PGP key 0x18C09E865EC948A1 — [Ask Wright] why he created fake RSA keys not signed by Gavin, Wladimir, Pete Todd, and Hal Finney and uploaded [the keys] to the MIT PGP servers with forged dates.”

The Belgian Notary Office Registration and Debo’s Plans for the ‘Whale Wallet’

Then there’s the Quora website where Debo goes into great detail regarding his story and he explained that he registered the Bitcoin.pdf (whitepaper) before the date of publication on the internet at a Belgian Notary office. “This has legal consequences to prove authorship and copyright, since copyright is granted at creation, not at registration — But registration can be useful to prove the date of creation,” Debo claimed on June 13, 2019. There isn’t much information on the web concerning the Bitcoin.pdf registration in Belgium but Debo does have an invention (1011874A6) registered in 1998 for a scanner that digitizes the human fingerprint. On the Quora webpage, Debo declared:

I am the only man in the world who knows how the genesis block is made and composed — So far much speculation surrounds my identity. In fact, my identity is not that important because the project is decentralized and open source. Dorian Nakamoto was a victim of speculation but was quickly denied after I posted a message, “I am not Dorian…” Later on, Dr. Craig Wright did try (and still does) to impersonate me but the man has no single private key, and no access to my whale wallet.

Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit
This filed patent seems to be a digitized fingerprint scanner registered in Belgium by Debo Jurgen Etienne Guido between 1998-2000.

Debo went on to claim that he mined with Hal Finney the very first blocks in production and kept insisting that he owns a “whale wallet that is considerably large.” He said there is a purpose for the whale wallet and promised it would not affect the project itself and the markets. Debo assured that 93% of the [whale wallet’s] resources will be used for “innovation and improvement in general of humankind.” The whale wallet likely refers to the theory cryptocurrency enthusiasts held over the years, which assumes Satoshi Nakamoto mined – 700,000 to 1 million BTC. According to Debo, he plans to only keep about 7% of those funds for his own benefit. Debo also detailed that because he lived in Belgium, it is why he chose to use the German email service GMX at that time. He claimed that in Belgium he was also taught in school to write using a double space after periods and because he spent five years in the army he often wrote in plural form.

There’s no data stemming from the Florida court that shows whether Debo’s letter will be used against Wright, but it was filed with the court on Monday. Debo’s story is hard to believe for a variety of reasons. One of them is the fact that he’s been very open about his alleged involvement with the creation of Bitcoin for a while now. He tweets often about cryptocurrencies and Bitcoin-related headlines, while using an awful lot of hashtags per tweet. Debo’s current writing and English skills are not similar to Satoshi’s style shown in many letters and emails the creator wrote in the early days. Beside the PGP key, which doesn’t show much conclusive evidence, Debo’s story lacks a lot of proof and resembles the “Bitcoin Origins” story told by Phil Wilson, otherwise known as “Scronty.” Still, the July 22 filing indicates that the Florida court and the judges presiding over the Kleiman v. Wright case seem to believe the letter should be filed for a reason that’s currently unknown.

What do you think about the latest revelations with the Kleiman v. Wright lawsuit in Florida? Why do you think Debo would send a letter to the court claiming to be Satoshi? Do you think Debo’s story will have any effect on this lawsuit? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock,, Belgium Patent Office, Twitter, Kleiman v. Wright (9:18-cv-80176), and the MIT PGP server.

How could our Bitcoin Block Explorer tool help you? Use the handy Bitcoin address search bar to track down transactions on both the BCH and BTC blockchain and, for even more industry insights, visit our in-depth Bitcoin Charts.

The post Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit appeared first on Bitcoin News.

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Expert Witness in Satoshi Case Claims Dr Wright’s Documents Were Doctored

July 11, 2019 |

Kleiman's Expert Witness Claims So-Called 'Bitcoin Inventor's' Documents Were Doctored

The Kleiman v. Wright case continues this week and a slew of new evidence has been submitted to the Southern District of Florida courthouse. A supplemental affidavit stemming from the Kleiman estate’s expert witness, Dr. Matthew Edman, indicates that documents submitted to the court as evidence were “modified” and “backdated.”

Also Read: Bitcoin Cash Scaling Benchmarks, Brewdog, and Rising Transaction Volume

Plaintiff’s Analysis of Documents Shows David Kleiman’s PGP Signature Was Created Almost a Year After He Died

A transcript of an affidavit was recently submitted to the Kleiman v. Wright (9:18-cv-80176) court case, which shows that an expert witness found many flaws within certain documents filed in the case. The billion-dollar bitcoin lawsuit is one of the most high profile court cases in the U.S. because it involves 1 million BTC and self-proclaimed ‘Bitcoin inventor’ Craig Wright. Since December 2015, the crypto community has endured Wright’s repeated claims to be Satoshi Nakamoto. However, nearly every claim and every so-called proof Wright has provided has been debunked by researchers, cryptographers, and the greater crypto community. Many of the refutations against Wright’s story accuse him of providing backdated documents and proofs that have been modified at a later date. From the very beginning of Wright’s entrance into the community, his story has been suspected of being a falsified tale or hoax. On December 9, 2015, Vice reporter Sarah Jeong detailed that the “PGP keys referenced in stories naming Craig Wright as the creator of Bitcoin were probably falsely backdated.”

Expert Witness in Satoshi Case Claims Dr Wright's Documents Were Doctored
The set of keys that were reportedly “backdated and point to a hoax” according to Vice reporter Sarah Jeong, Motherboard staff writer Jordan Pearson, and Bitcoin Core developer Greg Maxwell.

Fast forward to today and Craig Wright is being sued by Ira Kleiman, the brother of the now deceased David Kleiman, for allegedly interfering with David’s bitcoin assets and intellectual property after he died. The first filing shows the value of the assets the Kleiman family thinks David was screwed out of is around $ 5.1 billion before punitive or treble damages. This week, an affidavit was submitted to the court that shows the testimony of the Kleiman estate’s witness, Dr. Matthew Edman, a cryptography expert.

According to Edman’s resume submitted to the court, he has a deep knowledge of digital forensics, applied cryptography, Shamir’s Secret Sharing Scheme, and cryptocurrencies. Edman’s testimony examines an email that was submitted to the court as “Exhibit A.” Edman declares under penalty of perjury that he believes Exhibit A was likely created from an email Wright sent to himself on or about April 16, 2014. The document was then “converted to a PDF and modified to appear to have been sent from ‘Dave Kleiman’ to Uyen Nguyen on or about December 20, 2012.” The expert’s testimony further states:

I also determined that Exhibit A contained a PGP signature allegedly created by Dave Kleiman on or about March 12, 2014 – almost a year after he died.

Expert Witness in Satoshi Case Claims Dr Wright's Documents Were Doctored

A Trend of Modifications

Edman states that he analyzed Exhibit A previously and further analysis and forensic artifacts contained within the PDF itself bolster his opinion. The digital forensics expert said that he also examined “Exhibit F” and concluded that the document was “created by further modifying Exhibit A to make it appear as if Exhibit F is actually a separate email sent from Dave Kleiman to Uyen Nguyen.” “In my opinion, it is simply another revision to the PDF created from an email the defendant sent to himself on or about April 16, 2014,” Edman emphasized in his testimony. The witness’s affidavit declares that both Exhibit A and Exhibit F appear to be emails sent from David to Uyen Nguyen back in 2012, but “manipulations of a PDF created from an email” indicate that Wright sent it to himself in the spring of 2014. Edman noted that he understands that Exhibit A was withdrawn from the court because Wright could not “verify the date of that email exchange,” but to his knowledge Exhibit F was not withdrawn.

Expert Witness in Satoshi Case Claims Dr Wright's Documents Were Doctored

Edman goes on to explain that the metadata tied to the first exhibit’s PDF shows that it was created on or about April 17, 2014. The creator used the Acrobat PDF Maker 11 for Microsoft Outlook and Edman highlights that the computer’s time zone was consistent with Sydney, Australia (UTC+10) and then modified again five minutes later. Further analysis of the internal contents and structure of the document identified specific portions of the PDF were edited and revised. He further determined that Exhibit F was also comprised of modifications to the date field and revisions to the body of the document as well. Speaking on Exhibit A’s analysis Kleiman’s expert witness explained:

I identified a “TouchUp_TextEdit” marked-content point in the PDF file associated with Exhibit A which indicated that the text associated with the “From:”, “To:”, and “Date:” fields at the top of Exhibit A were edited.

Expert Witness in Satoshi Case Claims Dr Wright's Documents Were Doctored

The crypto community has not been kind about the latest documents and Edman’s affidavit has been shared widely across social media mocking Wright. The attorney Stephen Palley who often comments on cryptocurrency related lawsuits stated “you can’t really attack [Edman’s] credentials and the analysis looks sound.” “You have to show an alternative explanation — they should settle,” Palley added. The public will still hear from Wright’s expert witnesses which include Brett Roberson, Kevin Madura, and Nchain’s CTO Steve Shadders.

Expert Witness in Satoshi Case Claims Dr Wright's Documents Were Doctored

In addition to the court case drama last week, reported that Martti Malmi said on Twitter that he might take action against Wright for accusing him of starting the “Silk Road, Hydra and a number of other darker websites.” “Taking a closer look to the transcript, Craig Wright is accusing me and Theymos of soliciting drug trade, assassinations, terrorism and child porn — That is too much to be ignored,” Malmi told the public. Following the accusations against Malmi, the owner of, Theymos, also refuted Wright’s court claims against him stemming from the June 28 transcript. “I was made a forum admin in 2011 after Satoshi left,” Theymos insisted.

“I never had any interaction with CSW — CSW’s whole shtick is to just lie constantly,” the forum moderator conceded. “He’s so brazen about it that some people think, ‘there must be some truth there,’ but really it’s 100% nonsense.”

What do you think about the Kleiman v. Wright lawsuit involving billions of dollars worth of bitcoin? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Courtlistener, Twitter, Florida Case Kleiman v. Wright (9:18-cv-80176), Vice, and Pixabay.

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