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Satoshi Nakamoto: 9 Interesting Facts You Need To Know

Like the dramatic quest ofHollywood movieFinding Nemo,this quest of finding Satoshi Nakamoto the inventor of Bitcoin has also been dramatic.

Its fascinating to see how Bitcoin has become a multi-billion dollar thing, yet the Father of Bitcoin is still missing.

Satoshi Nakamoto made the Bitcoin software in 2008 and made it open source in January 2009.

And in 2010, Satoshi disappeared.

No one even knows what pronoun to use(he, she, or they)while referring to Satoshi Nakamoto because it is still not clear whether he/she is a person or a group of people.

Whomever Satoshi Nakamoto might be, there are some interesting facts about the entity that gave birth to this multi-billion dollar industry of cryptocurrencies.

Here are 9 interesting facts

1. Why is Satoshi Nakamoto Famous?

The name Satoshi Nakamoto is the pseudonym of the inventor of Bitcoin. In 2008, someone used this name and mailed the Bitcoin white paper to a cryptographic mailing list.

This mailing list contained renowned people who believedin decentralization and cryptography.

Thats why this name is so famous.

As is apparent from the name, its assumed that he was a Japanese man, but his flawless use of English in the white paper raises doubts about this conclusion.

2. Satoshis Net Worth

It is believed that Satoshi Nakamoto owns 1 million bitcoins(or more) which makes his present net worth at the time of writing this article to be $2.6 billion.

In 2009 January, Satoshi mined the Genesis block, andin 2010, he officially stopped communicating. Between this period, the bitcoins came into existence exist on the blockchain ledger, but they have not been used or spent. Thisproves how much Satoshi owns.

1 million BTC is a huge number which, if dumped suddenly, could wreak havoc on the crypto market. Thats why Bitcoin has also earned the title of being a Ponzi scheme-because the speculative founder owns a significant share.

3. Satoshis T-Shirts

The anonymity of Bitcoins founder has led to a mushrooming of a totally new merchandising concept. Now you can buy T-Shirts with Satoshi Nakamoto things printed on it.

Things like:

You can buy one for yourself from e-commerce sites likeZazzleandTeespring.

4. Satoshi Nakamoto is Possibly A Group Of Companies

Some even suggest that Samsung, Toshiba, Nakamichi, and Motorola together created Bitcoin, as you can tell from their names:

Satoshi Nakamoto

However, there is no official proof for such a conclusion.

5. Satoshi Nakamoto is PossiblyNick Szabo

Nick Szabo, a US computer scientist, and cryptographer is considered by some to be the founder of Bitcoin. Nick coined the concept of digital currency for the digital age by creating Bit Gold. Bit Gold was the ancestor of Bitcoin. However, it was not used by the masses because of limitations.

After analysis of Satoshis white paper, a blogger concluded that Nick Szabo was Satoshi Nakamoto. but Nick has never accepted this hypothesis.

6. Satoshi Nakamoto is PossiblyCraig Steven Wright

Craig Wright, an Australian Entrepreneur, claimed to the BBC on 2nd May 2016 to be the inventor of Bitcoin. However, when examined by core Bitcoin developers like Peter Todd, Craig was unable to provide any acceptable supporting evidence for such a claim.

Though initially, he said he would come back with relevant evidence, he failed to do so, and said on his blog that he was sorry and didnt have the courage to continue.

7. Satoshi Nakamoto is PossiblyDorian Nakamoto

In March 2014, another speculation came on the identity of Satoshi. A news source claimed that they had found Satoshi, and he lived inCalifornia, USA.

His full name, as reported, was Dorian Prentice Satoshi Nakamoto. He was aphysicist and a systems engineer who had recently been laid off by the government.

Later on, the person identified denied all such claims and said he is not the Nakamoto which everyone has been searching for.

8.Satoshi Nakamoto is PossiblyHal Finney

Hal was a cryptographer even before his involvement with Bitcoin. He was on the mailing list that received Satoshi Nakamotos Bitcoin white paper.

Hal claimed that he had been communicating with Satoshi to support his testing, which led to the speculative conclusion that he himself was Satoshi.

Hals writing style also closely resembles that of Satoshis in the Bitcoin white paper. The suspicion evaporated when he showed his email conversation with Satoshi, but that could just be a diversion tactic.

Fun fact:Hal was the first person to receive a Bitcoin transaction from Satoshi on January 12, 2009, after Satoshi mined the genesis block on3rd January 2009 at 18:15:05 GMT.

9. Fast Company Found Satoshi Nakamoto

An employee of Fast Company, a media brand, said thatNeal King, Vladimir Oksman, and Charles Bry were the group of people that created Bitcoin. This employee proved it by searching unique phrases in Satoshis white paper.

They even patented the phrase which appears on the Bitcoin white paper computationally impractical to reverse.

However, all of them have publically denied such allegations.

Whatever anyone may say or think, the anonymity factor of Satoshi Nakamoto has proven to be healthy for Bitcoin.

But theres still a big mystery here:

Where is Satoshi, what is Satoshi doing, and why is Satoshi hiding?

No one knows the truth.

I would like to end this article by quoting two very early adopters of Bitcoin, Erik Voorhees andRoger Ver(two people who are definitely worth following on Twitter).

Bitcoin is the most important invention in the history of the world since the internet.

Roger Ver, Bitcoin Jesus

This shows how important Bitcoin, blockchain technology, and of course, Satoshi Nakamoto all are!

And yes, Bitcoin has become more important than a single individual, but we would all love to solve this mystery once and for all.

If you know any more interesting facts that I have missed in this article, thendo let me know in the comments below!!!

And if you liked this post, dont forget to share it!

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An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

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Satoshi Nakamoto: 9 Interesting Facts You Need To Know

Satoshi Nakamoto’s Net Worth: How Rich Is Satoshi Now? [LIVE]

How rich is Satoshi Now? (Updated Live)

All time high: 19,387,398,800.07USD

Bitcoin Price = USD

Due to Bitcoin forks, Satoshi Nakamoto also has the following coins:

BCH Price = USD

BSV Price = USD

BTG Price = USD

Even 10 years after Bitcoins launch, the identity of Bitcoins mysterious founder is still unknown.

That being said, there are a few potential candidates of who might be Satoshi Nakamoto. Lets take a look at each one.

Hal Finney was a vocal cypherpunk and was heavily involved in cryptography even before hearing about Bitcoin.

Hal was on the mailing list that received Bitcoins whitepaper and has then built an online relationship with Satoshi where they discussed how to improve Bitcoin.

He also had the honor of being the receiver of the first Bitcoin transaction ever, which was sent by Satoshi himself.

Sadly, Hal passed away in August 2014 after battling Lou Gehrigs disease for 5 years, a degenerative disease.

Nick Szabo is a well-known cryptographer and cypherpunk. Years before Bitcoin went live, Nick Szabo already published a concept for a platform called Bit Gold.

Although this e-currency never got any traction due to its technical limitations, it does undoubtedly draw many parallels to Bitcoin.

Many think that Nick Szabo improved his concept and re-launched it as Bitcoin some years later under the pseudonym of Satoshi Nakamoto.

Adam Back started his career studying the intersection between cryptography and computers. In 1997, Adam developed the concept for Hashcash, which was an early application of Proof of Work (PoW).

This is the reason why many connect him to the creation of Bitcoin.

Adam is now the CEO of Blockstream, a technology company focused on building blockchain solutions. Blockstream is also one of the few institutions that provide funding to Bitcoin core developers.

Throughout the years there have also been several false alarms, like when an individual actually called Satoshi Nakamoto was thought to be Bitcoins mysterious creator, or when Craig Wright publicly announced that he was Satoshi Nakamoto.

Both occurrences where debunked shortly after due to a lack of proof, which leads us back to the question: Who is the anonymous billionaire named Satoshi Nakamoto?

The reason why nobody knows the exact number of Bitcoins that Satoshi holds is because they are not held in the same wallet, but rather scattered around thousands of different wallets.

This is the only address which is confirmed to belong to Satoshi, since it mined the Bitcoin genesis block:

Interestingly, this wallet keeps receiving Bitcoin transactions. Whether these are just tips sent as a tribute, or if there is something more to it is unknown.

One notable example was when the now defunct exchange Mt Gox sent 1.23 Bitcoin to one of Satoshis wallets.

Although Satoshi never bought any Bitcoin, he was the first Bitcoin miner and was also the only miner for what is estimated to be around 1 year.

This can be deduced by the fact that the Bitcoin hashrate from January 3 (2009) until January 25 (2010) was 7 Mhash/s.

Hence, if we assume that Satoshi was the only miner in the first 14 days of Bitcoins existence, he also was the dominant miner for the rest of the year as the hashrate remained relatively unchanged in that period.

At that time, the Bitcoin block reward was 50 BTC, which means that Satoshi amassed approximately 980,000 Bitcoins in total.

Since his disappearance in 2011, Satoshi hasnt moved a single one of his Bitcoins.

This could be the case because Satoshi might have passed away, because he believes in his creation so much that he doesnt want to spend them too early, or because he wants to avoid unchaining a panic reaction.

Fact is, nobody knows what Satoshi will do with his Bitcoins, or if he ever will do anything with them at all.

At Bitcoins all time high of $20,000 in December 2017, Satoshi was worth $19.6 Billion. This made him the 56th richest person alive.

If Bitcoin reaches $110,000 and the current worlds billionaire remains relatively unchanged, then Satoshi will become the richest person in the world.

If Bitcoin becomes global money, or at least a form of digital gold, then its arguably not unlikely that Satoshi may claim the #1 spot on the Forbes billionaires list.

Since Satoshi Nakamoto holds approximately 980,000 Bitcoins, the Bitcoin price would have to reach $1,000,000 per coin for him to become a Trillionaire.

And since there will never be more than 21 Million Bitcoins, that would put the total Bitcoin market capitalization at 21 Trillion.

While the price is currently very far from that goal, proponents of Bitcoin as the new global reserve currency see that as a possibility.

Some people criticize Satoshis anonymity, while others consider it Bitcoins greatest asset that its creator is unknown.

Only time will tell if Satoshis identity will ever come to light.

And until that happens (if ever), we will continue observing how a faceless Billionaire keeps amassing wealth as Bitcoin progresses on its exponential adoption curve.

CoinDiligent Staff Writer

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Satoshi Nakamoto's Net Worth: How Rich Is Satoshi Now? [LIVE]

The Creator of Bitcoin, Satoshi Nakamoto, Is Most Likely This Guy

The greatest mystery in the tech world today is not how bitcoin works, but who is the creator of bitcoin. On October 31, 2008, someone under the name of Satoshi Nakamoto published a whitepaper on a cryptography mailing list. That event changed the history of money and left us all wondering about the mastermind behind it.

Over the years, many journalists and bloggers have tried to unveil the shadow cast on the creator of bitcoin without much luck. There have been a lot of candidates, some of them even self-nominated. However, none have given definitive proof of their claims, so we are still searching for the person behind the mystery.

There is, though, one stand-out candidate. I had to guess, I would say with great certainty that he is the creator of bitcoin. Before I tell you who Ive chosen, lets assess what we know about Satoshi Nakamoto. Or, better yet, what he wants us to know.

In Satoshis P2P Foundation profile, he claims to be a man from Japan, born on April 5, 1975. The problem is that he doesnt behave or sound like someone from Japan. First of all, he wrote the whitepaper and his subsequent posts in perfect English. Secondly, his sleep pattern is very strange for someone living in Japan.

Bitcoin Forum member Stefan Thomas graphed the time stamps from more than 500 of Satoshis posts. He found that Satoshi Nakamoto never posted anything between 2 p.m. and 8 p.m. Japanese time. So, its possible probable, even that Satoshis entire identity is fictional.

But why would he pretend to be someone else?

Just like there was Pretty Good Privacy, a project that enabled people to send encrypted messages to each other. Phil Zimmermann, an activist who wanted to give dissidents a government-free communication channel, founded PGP. However, the USA government realized the potential of this technology and confiscated it. PGP and Zimmermann then become the subjects of a criminal investigation.

The only thing this technology did was enable two individuals to communicate without being eavesdropped on. So, imagine how the government would treat the creator of bitcoin, a technology that enables free money transfers without banks or intermediaries. The technology that takes money out of the hands of the government.

Now that Ive covered my misgivings about his identity and reasons for hiding it, heres what we know about Satoshi Nakamoto.

As Ive already mentioned, Satoshi Nakamoto emerged with a whitepaper on cryptography mailing list metzdowd.com. His nine-page document proposed a new electronic cash system thats fully peer-to-peer, with no trusted third party on Halloween 2008.

He then created the bitcointalk forum and posted the first message under the pseudonym satoshi. He also made a website with the domain name bitcoin.org and continued to work on bitcoin software. On January 3, 2009, Satoshi mined the first Bitcoin block, known as the genesis block.

Throughout 2010, Satoshi Nakamoto collaborated with other developers to modify the bitcoin protocol. He was involved in the bitcoin community and corresponded with them frequently. Then, all of a sudden, he gave the keys and codes to Gavin Andresen and transferred domains to members of the community. By the end of 2010, he had stopped working on the project.

Then, on Saturday April 23, 2011, the creator of bitcoin emerged once again to post his last message. When developer Mike Hearn asked him if he planned to rejoin the community, Satoshi replied:

Ive moved on to other things. Its in good hands with Gavin and everyone.

The man who had disrupted the financial system for good simply disappeared. But why then?

We should also take into account that Satoshis bitcoin addresses had and still contain about 1,000,000 BTC. In December 2017, when the price peaked, he had more than US$19 billion. For that short moment, Nakamoto was 44th richest person in the world! And to this day he hasnt cashed a single bitcoin.

All this evidence suggests that something may have happened to creator of bitcoin. That is why I believe Hal Finney is Satoshi Nakamoto.

Unfortunately, Hal Finney was diagnosed with ALS in 2009 and fought the disease until his death in 2014. I imagine he created the future of money, but then had to retreat when the disease progressed. And then he died and left us with only rumors about the true identity of the creator of bitcoin.

He could not claim his throne.

Hal Finney was a computer scientist who graduated from Caltech in 1979. As a student, he received the most brains award from his peers. During his freshman year, he took a course on gravitational field theory designed for graduate students. It seems Finney was extremely intelligent, which fits the first criterion for being Satoshi Nakamoto.

Students also remember seeing Finney with a copy of Ayn Rands Atlas Shrugged. If he was reading this kind of literature, he could have easily formed libertarian views on life.

And he did. His views pushed him towards a little-known group of free thinkers and coders. In the early 1990s, he became a member of Cypherpunks. This movement was dedicated to the widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change. They were self-proclaimed defenders of privacy and Finney put his knowledge at their disposal to achieve the cryptoanarchist vision.

When someone wrote on Cypherpunks mailing list about the above-mentioned Phil Zimmermann and his idea for PGP, Hal responded. He contacted Phil and became the first employee of PGP Corporation, working there until his retirement in 2011. That same year, Satoshi Nakamoto stopped his involvement with bitcoin.

Finney made a significant contribution to the new version of the PGP protocol, but he had to hide his involvement from the government. So he was very well aware of the problems Phil had regarding PGP. Because of that, I can understand his desire to hide his identity when creating bitcoin.

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The Creator of Bitcoin, Satoshi Nakamoto, Is Most Likely This Guy

Who is Satoshi Nakamoto? A Look at the Candidates

Bitcoin was conceived as a communal project. Designed as an open-source software and released to the public in 2009, Bitcoin was conceived with openness in mind. Functioning on an open ledger that is accessible to the public, Bitcoin is an open-source project.

But despite all its openness, one grand mystery remains unsolved:

Who Created Bitcoin and Who exactly is Satoshi Nakamoto?

Finding an answer to this question isnt easy. We know that all the code that created Bitcoin originated with Satoshi Nakamoto, but that is about all we know. Satoshi Nakamoto didnt work alone on launching Bitcoin.

Some of the early Bitcoin devs have been pointed to as possible Satoshis, but there are numerous issues when it comes to proving that any specific person was the creator of Bitcoin.

First, lets detail what is known for certain. The first step was taken in 2007, when Nakamoto wrote the Bitcoin code. In November 2008, Satoshi Nakamoto published hisnow famous White Paper, which laid the groundwork for the Bitcoin protocol.

On January 3rd, 2009, the first ever Bitcoin block was mined, marking the creation of the cryptocurrency, it bore the message :

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

Satoshi was heavily involved with the Bitcoin community, and collaborated with them in order to modify the underlying bitcoin protocol. After two years of involvement, Nakamoto handed the reins to Gavin Andresen, and seized involvement with the Bitcoin project in December of 2010.

In the Spring of 2011, Nakamoto returned to leave a final message, stating in a post that he had moved on to other things, and that Bitcoin was in good hands with Gavin [Andresen] and everyone. That was the last the world heard of the secretive Bitcoin creator.

The mystery behind Nakamotos identity has only grown, as the Bitcoin community eagerly speculates who it could potentially be. Satoshi Nakamoto claims to be Japanese, born on April 5, 1975. To this day, it is unknown whether Nakamoto is male or female, or whether Nakamoto is even a single person or a group of individuals.

Today most people are familiar with digital currency, thanks to the epic crypto rally of 2017. Back in 2008 when this was all getting started, the cryptocurrency world was a lot smaller. We know for sure that some of the people we talk about below knew each other.

In the case of David Kleiman and Craig Wright, there is solid evidence that the two worked together to get bitcoin off the ground, and both had substantial amounts of the tokens. There is an ongoing saga between Kleimans estate and Wright, alleging that there could have been some kind of graft, and that Wright ended up with bitcoins that were rightfully Kleimans.

You might notice that we wrote Kleimans estate and not Kleiman. The sad fact is that some of the people who could be Satoshi Nakamoto have died, which makes a positive identification much harder.

When the first bitcoins were being mined, basically nobody cared about them. The first bitcoin transaction was a trade of 10,000 BTC for two pizzas, which should give you some idea of how playful some of the early devs were with their project. There are a lot of questions surrounding the origins of Bitcoin, and as time goes on, they may become harder to answer.

While Nakamotos identity remains unknown, This has not stopped enthusiasts from investigating his background and drawing up conclusions.

Nakamotos use of perfect English in his posts and his publication of the White Paper has raised skepticism as to his Japanese origin. Furthermore, his occasional use of British English in the code and comments has fueled speculation that he is a native English speaker of commonwealth origin.

Additionally, Stefan Thomas, a Swiss coder and active member in the Bitcoin community, graphed the time stamps of Nakamotos more than 500 posts, showing his or her complete absence of posts between midnight am and 6 am Greenwich Time, further informing investigators as to his potential whereabouts.

To date, there are several potential individuals suspected of being the mysterious Bitcoin creator. One of the first suggestions was Nick Szabo, a decentralized currency enthusiast who published a paper on Bit Gold considered to be a precursor to the first cryptocurrency.

By running a reverse textual analysis, internet researcher Skye Grey found dozens of unique phrases that linked Szabos writing style to that of the original whitepaper. This evidence is only circumstantial, however, and Szabo has repeatedly denied that he is the creator of Bitcoin.

Despite all the denials, the research into how the Bitcoin whitepaper was written shows remarkable similarities between how Szabo writes, and also what was omitted. One of the most curious things is that Satoshi Nakamoto made numerous references to ideas that had been used by Bit Gold, but never talked about Bit Gold directly.

Omitting the origin of relevant ideas strange, unless Szabo was deliberately trying to cover up his tracks. None of this is hard evidence, and to date Szabo has flatly denied being the key driver of Bitcoins launch.

Nick Szabo, Image from The-Blockchain

Another possibility is a Japanese American man living in California, named Dorian Prentice Satoshi Nakamoto, birth name Satoshi Nakamoto. First brought up in a March 2014 Newsweek article, Leah McGrath Goodman pointed to Nakamotos training as a physicist at Cal Poly University in Pomona and libertarian background as potential indicators of his identity.

Goodmans biggest piece of evidence was his response to a question regarding Bitcoin: I am no longer involved in that and I cannot discuss it. Its been turned over to other people. They are in charge of it now. I no longer have any connection.This led to a wild media frenzy, which even included a car chase.

However, in a later interview, he recanted his previous position, stating that he had misunderstood the reporters question, thinking it was related to his previous classified work as a military contractor.

Dorian Prentice Satoshi Nakamoto, Image from The Verge.

David Kleiman had an interesting life, and was certainly involved in the beginnings of Bitcoin. His involvement with Bitcoin goes back to its earliest days, and he was one of the first Bitcoin miners. Kleiman had a long standing interest in computer security, and had designed systems that were used by the highest levels of the US government to secure their digital systems.

After becoming a paraplegic in a motorcycle accident, Kleiman went barreling into the world of cryptography. He was on the Metzdowd list, which may be where he first came in contact with the Bitcoin whitepaper.

Another theory puts him and Craig Wright at the center of the project. Gizmodo cites an email that allegedly came from Wright that states,

I need your help editing a paper I am going to release later this year. I have been working on a new form of electronic money. Bit cash, Bitcoin and also, You are always there for me Dave. I want you to be a part of it all.

The email is alleged to predate the release of the Bitcoin whitepaper by a few months, which would make it a key piece of evidence in the search for Satoshi Nakamotos true identity.

Sadly, Kleiman died in 2013 under mysterious circumstances, which effectively eliminates him as a future source of information. Given his aptitude for data security, whatever digital information he left behind is also probably going to be difficult to access.

David Kleiman, Image from Gizmodo

Hal Finney is another potential candidate to be the mysterious Satoshi Nakamoto. Finney was a pre-bitcoin cryptographic pioneer and was only the second person after Nakamoto himself to make use of the software, file bug reports, and suggest improvements.

Finney was the first to ever receive Bitcoin, stating in an interview that [he] was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to [him] as a test.

Forbes journalist Andy Greenberg speculated after requesting aid from writing analysis consultancy Juola & Associates that Greenberg may have been the ghostwriter for Satoshi Nakamoto.

Further adding to the speculation that Finney was involved with the creation of Bitcoin was his correspondence with the aforementioned Nick Szabo, and the fact that he lived only blocks apart from Dorian Prentice Satoshi Nakamoto.

At the time of his death on August 28, 2014, only circumstantial evidence pointed to Hal Finney being the original Satoshi Nakamoto.

Hal Finney, Image from Wired.

Yet another possible contender to be Satoshi Nakamoto is the Australian academic, computer engineering expert, and entrepreneur, Craig Wright.

In early November of 2015, Gizmodo received an anonymous email (referenced above) from an individual stating that not only did he know that Craig Wright was the creator of Bitcoin, but that he had also worked for him.

On December 9, hours afterWiredcertified that Wright was indeed Nakamoto, the Australian Federal Police raided his home, and afterwards stating the [the] matter is unrelated to recent media reporting regarding the digital currency Bitcoin.

Afterwards, Wright deleted his internet presence until May of 2016, when he stepped forward and revealed himself on Twitter as the creator of the digital currency Bitcoin, and claimed he had the proof to back up his statement. Then, amid a torrent of skepticism, Wright retracted his statement and did not offer the extraordinary proof he claimed to have, stating that he did not have the courage to prove his identity.

Craig Wright, Image from CCN.

In an era where information is widespread, Satoshi Nakamoto has managed to maintain his identity a complete secret. So why is uncovering Nakamotos identity so important? If Nakamoto is indeed a single individual, then he or she owns approximately 5% of the worlds Bitcoin supply, placing him or her as the 52nd richest person in the world as of December 12th.

The implications of this wealth are considerable, beyond even the real world implications. If Satoshi Nakamoto were ever to sell the rumored 980,000 Bitcoins in his or her possession (currently worth over $3.9 billion at todays price, as of 18th March 2019 ), the price of Bitcoincould potentially become more volatile than it already is.

A quote that is attributed to Mayer Amschel Rothschild goes like this, Permit me to issue and control the money of a nation, and I care not who makes its laws!

Like many famous quotes, the authenticity of the above statement is questionable.

On the other hand, the idea expressed is rock-solid. The power-of-the-purse is one of the most important ideas in modern political ideology. Being able to control the issuance of a popular currency gives the controller extreme amounts of power.Bitcoin undermines the idea of a central bank, or the involvement of centralized authorities at their most basic level. As the last decade has shown, the idea of decentralized money or political systems has been met with extreme opposition by many established organizations.

Satoshi Nakamoto wrote,

The root problem with conventional currency is all the trust thats required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts, in their now-famous 2009 whitepaper.

In 2008 no one would have seen Satoshi Nakamoto as a threat to global socioeconomic system. Today, that probably isnt true. Nations like China have banned cryptos outright, and the Western central banking cartel has been vocal in its opposition to widespread use of cryptos.

Whoever Satoshi Nakamoto is, they are likely wise to have dropped off the radar when they did. The idea that fiat money could be replaced with a system that marginalizes central authorities is extremely dangerous to the people that currently hold power.

Anyone who could act as a lightening-rod for a global decentralized society would probably face some pretty nasty blowback.

Furthermore, there is significant debate as to the future of Bitcoin. Heated discussions have arisen due to some of the growing pains surrounding Bitcoin, particularly the issue of how to deal with an increase in transaction volume in the Bitcoin network. As the number of blocks increases, the Bitcoin network runs the risk of becoming overloaded.

One side of the debate wants to fundamentally change the Bitcoin node by increasing the block size, in order to allow the system to process transactions more quickly. The other side of the debate sees this as a betrayal of the original concept behind Bitcoin, arguing that this would lead to increased centralization.

Identifying Bitcoins true creator would create more certainty and could potentially lay down the following steps in Bitcoins ever growing development.

The Bitcoin community will be forced to coexist with the enigma that is Satoshi Nakamoto, whether they like it or not. There are a few ways that Satoshi Nakamoto could show that they are, in fact, the creator of Bitcoin, but convincing the entire crypto community will be a challenge.

Even if a plausible Satoshi came forward, they would probably have to deal with ongoing doubts from within the crypto community, and untold difficulties from the global power structure. The raid on Craig Wright by the AFP is a small taste of the legal morass that the real Satoshi Nakamoto would find themselves facing.

Ultimately, identifying Bitcoins creator may be a quixotic endeavor. His or her complete silence since the Spring of 2011 means it is likely we will never hear from them again. Nevertheless, Bitcoin, the open source digital currency created nearly a decade ago, will continue to in spite of this mystery.

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Who is Satoshi Nakamoto? A Look at the Candidates

The Bitcoin News – Who is Satoshi Nakamoto – always up to date

Even if we do not know who she or who he is, we know what he has created:Satoshi Nakamoto is the inventor of the Bitcoin protocol, which he published in a whitepaper in November 2008 via an encrypted e-mail address.

In 2009, he published the first Bitcoin client and communicated with the Bitcoin community by the end of 2010. Then he disappeared without a trace.

He initially worked with an open source team on the project and always put great value on not disclosing any personal data. In the spring of 2011 he heard about him when he said, I will devote myself to other things.

You should not judge a book by its title, or do you?

Satoshi means clear-minded; Naka could mean inside or relationship; Moto means origin or foundation.

All these things fit the person who created a movement and created an ingenious algorithm. The problem is that each single word can have several meanings.

So we can not say for sure whether Satoshi Nakamoto is a Japanese. It only suggests that Satoshi is a he.

For the sake of simplicity, we will call Satoshi Nakamoto as him, even though he may have been one, one or more persons.

No, but the criminal techniques people use these days often raise more questions than answers. The New Yorker Joshua Davis believes Satoshi Nakamoto is a cryptography student of Dublin Trinity College, named Michael Clear.

To his conclusion he came by an analysis of all Nakamoto letters containing more than 80,000 words. Here he searched for linguistic references. He also suspected the Finnish economic sociologist and former game developer Vili Lehdonvirta.

Both said they were not the inventors of Bitcoin. In a Web Summit in 2013, Michael Clear even reported publicly that he was not Satoshi Nakamoto.

Adam Penenberg of FastCompany denied the assumption and said that Satoshi Nakamoto is a group of three people: Neal King, Vladimir Oksman, and Charles Bry. He found out about this by stating different phrases from the published Whitepaper at Google to see if these word phrases had been found somewhere before.

It turned out later that one of the three was mentioned in a patent application for the update and distribution of cryptic keys. The Bitcoin.org domain that Satoshi Nakamoto used to publish the Whitepapers was registered and secured only 3 days after the patent application.

The domain was registered in Finland and one of the patent applicants traveled to the country 6 months earlier. All three suspects deny Satoshi Nakamoto.

In any case, the Bitcoin.org domain was registered on August 18, 2008 by an anonymous Japanese service provider and a Japanese ISP. After that, the domain has only been transferred to Finland. This weakened the theory of Finland a little.

Again, other tongues claim that the inventor of Bitcoin could also be Martii Malmi. Martii lives in Finland and has been involved in the development since the birth of Bitcoin.

Jed McCaleb also belongs to the circle of the elect. He is a lover of Japanese culture and lives in Japan. He is the founder of the controversial Bitcoin stock exchange, Mt. Gox, and co-founder of the decentralized payment systems Ripple and Stellar.

There are a variety of other potential Satoshi Nakamotos, including Donal OMahony, Michael Peirce, Professor Shinichi Mochizuki and Dorian S Nakamoto. All of them dispute the inventors of an ingenious invention. In the Bitcoin community there is still great uncertainty about the identity of Satoshi Nakamoto. In the Bitcoin trading community there is still great uncertainty about the identity of Satoshi Nakamoto.

One thing we know: Based on interviews with fellow travelers of Satoshi Nakamoto in the early hours of birth of Bitcoin, he is supposed to have meticulously thought through the system.

According to Jeff Garzik, his encodings did not carry the handwriting of a conventional software engineer.How rich is he?

According to an analysis by the bitcoiner Sergio Lerner, Satoshi Nakamoto is said to have scavenged many of the first blocks in the Bitcoin network: about 1 million bitscoins. At the then rate in November 2013, more than USD 1 billion.

Nobody knows. But from his last email of April 23, 2011, it is clear:

I will now devote myself to other things. Its all in good hands at Gavin & Co.

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Satoshi Nakamoto – investopedia.com

DEFINITION of Satoshi Nakamoto

The name used by the unknown creator of the protocol used in the bitcoin cryptocurrency. Satoshi Nakamoto is closely-associated with Bitcoin and the Bitcoin blockchain technology.

Satoshi Nakamoto is amongthe biggest pioneers of cryptocurrency.

Satoshi Nakamoto is considered the most enigmatic character in cryptocurrency. To date it is unclear if they area single person, or if the name is a moniker used by a group. What is known is that Satoshi Nakamoto published a paper in 2008 that jumpstarted the development of cryptocurrency.

The paper, Bitcoin: A Peer-to-Peer Electronic Cash System, described the use of a peer-to-peer network as a solution to the problem of double-spending. The problem that a digital currency or token can used in more than one transaction is not found in physical currencies since a physical bill or coin can, by its nature, only exist in one place at a single time. Since a digital currency does not exist in the physical space, using it in a transaction does not remove it from someones possession, at least not immediately.

Solutions to combating the double-spend problem had historically involved the use of trusted, third-party intermediaries that would verify whether a digital currency had already been spent by its holder. In most cases, third parties, such as banks, can effectively handle transactions without adding significant risk. However, this trust-based model still results in uncertainty. Removing the third-party could only be accomplished by building cryptography into transactions.

Nakamoto proposed a decentralized approach to transactions, ultimately culminating in the creation of blockchains. In a blockchain, timestamps for a transaction are added to the end of previous timestamps based on proof-of-work, creating a historical record that cannot be changed. As the blockchain increases in size as the number of transactions increase, it becomes more difficult for attackers to disrupt it. The blockchain records are kept secure because the amount of computational power required to reverse them discourages small scale attacks.

Satoshi Nakamoto was involved in the early days of bitcoin, working on the first version of the software in 2009. Communication to and from Nakamoto was conducted electronically, and the lack of personal and background details meant that it was impossible to find out the actual identity of Nakamoto. Nakamotos involvement with bitcointapered off in 2011; reportedly, the last correspondence anyone had with Nakamoto was in an email to anotherbitcoin developer saying that they had "moved on to other things."

The inability to put a face to the name has led to significant speculation as to Nakamotos identity, especially as cryptocurrencies increased in number, popularity, and notoriety. While their identity has not been uncovered, it is estimated that the value of bitcoins under Nakamoto'scontrol - which is thought to be about 1 million -may exceed $5 billion in value. Given that the maximum possible number of bitcoins generated is 21 million, Nakamoto, with about 5% of the total bitcoin holdings, would have considerable power over the market.

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Satoshi Nakamoto - investopedia.com

First Bitcoin (BTC) Transaction Was Made 11 Years Ago by Satoshi. What Was Its Purpose? – U.Today

The first Bitcoin transaction between Satoshi Nakamoto, the pseudonymous Bitcoin creator, and computer programmer Hal Finney happened on Jan. 12, 2009,which was exactly 11 years ago. Finney received 10 BTC (around $81,000 at the time of writing) as a test.

"When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them," Finney described hisexperience in a forum post.

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The first BTC transaction in history came just one day after Finney posted his already historic "Running Bitcoin" tweeton Jan. 11, 2009.

As reported by U.Today, the first Bitcoin mention on Twitter could be soon deleted due to a new policy implemented by the social media juggernaut. All tweets posted by accounts that show no signs of activity for more than six months will be removed.

Finney passed away in 2014 at the age of 58 after losing his battle withamyotrophic lateral sclerosis (ALS). His last tweet was published back in 2010. He wrote that he was comfortable with his legacyin 2014.

"My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think theyre safe enough. Im comfortable with my legacy.

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More than a decade after the creation of Bitcoin, the debate about the real identity of Satoshi lives on. There are numerous facts that point to Finney being the real BTC creator. Apart from being a prominent cyberpunk who expressed the same views as Satoshi and received the first BTC transaction, he also lived on down the street withDorian Satoshi Nakamoto, the man who waserroneously identified as the real Satoshi by a Newsweek article.

However, when Forbes reporter Andy Greenberg directly asked Finney whether he was the real Satoshi, the latter vehemently denied his claim. At this point, he was already paralyzed, so there is a good chance that he simply didn't want to be disturbed by excessive media attention.

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Finney estimated that BTC could be worth about$10 mln per coin if it were to become the dominant payment system. Blockstream CEO Adam Back, who was cited in the Bitcoin white paper, claims that such a huge price target could be closer than it sounds due to the growth of the USD inflation. The price of the top cryptocurrency could be 10 mln "in a decade or two" due to "monetary craziness."

Is this a realistic target? Share your take in the comments!

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First Bitcoin (BTC) Transaction Was Made 11 Years Ago by Satoshi. What Was Its Purpose? - U.Today

Visionary Bitcoin Creator Satoshi Nakamoto to Reveal Identity

NEW YORK, Aug. 16, 2019 (GLOBE NEWSWIRE) -- After a decade of anonymity, Satoshi Nakamoto will break his silence in Part I of his My Reveal Sunday, Aug. 18, at 4 p.m. EDT on the Satoshi Nakamoto Renaissance Holdings website, http://www.SatoshiNRH.com, and the Ivy McLemore & Associates website, http://www.ivymclemore.com.

In addition to his real-life identity, Nakamoto will use My Reveal to divulge such facts as his country of origin, education, professional background, and why he has yet to move any of his 980,000 bitcoins.

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.

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

Nakamotos revelations will culminate Tuesday in Part III with his introduction of Tabula Rasa, his clean-slate vision for Bitcoins transformational rebirth, and the declaration of his identity.

The final two parts of Nakamotos My Reveal will post to http://www.SatoshiNRH.com and http://www.ivymclemore.com on Monday and Tuesday at 4 p.m. EDT.

About Satoshi Nakamoto Renaissance (SNR) Holdings

Satoshi Nakamoto Renaissance (SNR) Holdings is in the business of providing superior Blockchain technologies to help transform peoples lives. For more information, please visit http://www.SatoshiNRH.com or follow @SatoshiNRH on Twitter.

About Ivy McLemore & Associates

Ivy McLemore & Associates (IM&A) is a digital marketing and PR agency that specializes in serving investment management and cryptocurrency clients seeking to gain and maintain a competitive edge. For more information, please visit http://www.ivymclemore.com.

CONTACT: Ivy McLemorePHONE: 212.323.2774EMAIL: satoshiPR@ivymclemore.comWEB: http://www.ivymclemore.com

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Visionary Bitcoin Creator Satoshi Nakamoto to Reveal Identity

Satoshi Nakamoto Calls Bitcoin The Embodiment Of Value Creation – The Coin Republic

Parth Vig Thursday, 16 January 2020, 12:57 EST Modified date: Thursday, 16 January 2020, 12:58 EST

An American writer, economist and inventor, George Gilder described the readers about the crisis of trust and security facing Google, making predictions about the technological and social development of Google afterwards.

Chapter 12, Finding Satoshi Nakamoto, is a virtual interview between the author and Satoshi Nakamoto, who is the inventor of Bitcoin.

An excerpt from the original text of the book has described here briefly:

He started by talking of moving forward in what people referred to as the Bitcoin Space. Tattoos and ponytails, suits and ties, medical e-cigarettes, the world-renowned Blockchain Community certificate, and a column by Coringiri came to mind.

Most of this done point-to-point. But from venture capitalists to mutual programmers, from bitcoin players to legendary giants, no one seemed to be able to conduct a detailed analysis of the heros Bitcoin chain Genesis Block.

In the end, he said that he gave up looking for an accessible circle and decided to directly find a way to interview the person who created the new era.

Satoshi Nakamoto, the designer of Bitcoin, the inventor of the blockchain, and the leading promoter of this conspiracy. He repeatedly emphasised that he did not mention blockchain technology in his thesis.

He said that his first discovery was that Satoshi Nakamoto was a writer. He has published at least 150 insightful maxims on the Cypherpunks list, the P2P Foundation website, the Bitcoin Forum, and other decryption bulletin boards.

Until 11th of December, 2010, it was most likely that his incarnation suddenly disappeared. Further on the 7th of March.

2014, he suddenly appeared again and posted a post which contained several words on the P2P Foundation website. The least to say would be calling Satoshis fans as ecstatic online.

On the 30th of May, 2014, three months post-Satoshi Nakamoto published the last article, he left his wife and children, who were still in western Massachusetts, and came to Europe alone.

He also added that Satoshi Nakamoto, was secretive, to come here for his interview. Satoshi Nakamoto further also explained that the networks such as Napster were under central control and its easy to cut off their heads.

The Tor system which originated from the US National Security Agency and was developed by entrepreneur Bram Cohen accounts for almost half of the Internets traffic.

Further, if the savage giant Satoshi Nakamoto is willing to retreat, Bitcoin could achieve such success. As a substantial global replication machine, the Internet cannot create money or other pure digital assets.

In Bitcoin, Satoshi Nakamoto made digital assets possible. Without a lot of work, it cant copy. He refers to it as proof of work. Miners have worked hard to search all transactions and compile them into blocks.

Due to this, Satoshi Nakamoto was able to create money online and use the money to pay miners to verify the transactions made by him.

An immutable transaction record is a form of currency. However, the government does not like private money creation. Therefore, Satoshi Nakamoto has managed to maintain his anonymity.

Soon after Satoshi Nakamoto launched Bitcoin, James Donald on the poster of the decryption master stated that to avoid stress, the network must avoid any central point of exerting pressure.

He also added that it was more like a precious metal. It had predetermined supply, its value fluctuates, and quantity cannot be changed to keep the amount unchanged. As the number of users increases, the cost of each bitcoin also increases.

A sly, mischievous look appeared in his eyes as he said that this might produce a positive feedback loop. As the number of users increases, the value will increase, which will attract more users to take advantage of the added cost.

The emphasis on proof of work suggests Satoshis efforts to resist changing the cornerstone of Bitcoins structure.

Ever since the release of Bitcoins and blockchain technology, it has only been achieving great heights and popularity as it is being adopted in countries worldwide. If the trend continues, it wont be long when bitcoin and blockchain get worldwide acceptance.

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Satoshi Nakamoto Calls Bitcoin The Embodiment Of Value Creation - The Coin Republic

Bitcoin Reaches Its Highest In More Than 2 Months – Forbes

Bitcoin rallied today, rising to its most in more than two months.

Bitcoin prices rallied today, reaching their loftiest value since mid-November as the broader market pushed higher.

The digital currency climbed to $8,848.92 at roughly 1:15 p.m. EST, according to CoinDesk data.

At this point, the cryptocurrency was up 3.6% for the day, and was trading at its highest level since November 12th, additional CoinDesk figures reveal.

The digital asset has been following a broad, upward trend for the last several days, pushing higher after reaching a 2020 low of $6852.09 on January 3rd.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

When explaining bitcoins recent gains, analysts cited both technical and fundamental factors.

Christopher Brookins, founder and CIO atValiendero Digital Assets, spoke to these developments.

The sharp move is the confluence of uptick in fundamentals and technicals, he stated.

I think the bottom is firmly in, said Brookins, pointing to the strong uptick in bitcoins hash rate and his analysis of the Hurst exponent, a momentum indicator that helps determine the strength of a trend.

The digital currency was very oversold at the end of Q4, he added.

Joe DiPasquale, CEO of cryptocurrency hedge fund managerBitBull Capital, offered a similar perspective, also stating that bitcoins recent gains were driven by a mix of fundamental and technical factors.

First, the digital currency appreciated during the US-Iran tensions, going from $6,860 to $8,460, he stated.

This move took it above our previously cited support level at $7,700.

Then, new developments in Craig Wright's legal battle fueled speculations regarding him being Satoshi Nakamoto (and potentially having control over the billions worth of initially mined Bitcoins), pushing up Bitcoin SV, and by association, Bitcoin Cash and Bitcoin, noted DiPasquale.

More specifically, there are rumors circulating that Wright has received the final keys for him to unlock the so-called Tulip Trust, which supposedly holds more than 1.1 million units of bitcoin.

Bitcoin SV has skyrocketed lately, its price up more than 90% in the last 24 hours at the time of this report, CoinMarketCap figures showed.

However, this rally is a completely speculative move, said Tim Enneking,managing director ofDigital Capital Management.

Short-Term Outlook

Going forward, market observers might benefit from watching a handful of key price levels, noted analysts.

Persistent buying momentum (at the moment, it looks like RSI will push towards 80) has allowed bitcoin to retest/break key resistance of $8442 and is currently completing a Kumo breakout, said Brookins.

If that holds, it would confirm a resumption of the bull trend, he stated.

However, Brookins added that in classic crypto form, bitcoin is trying to regain all of its Q4 loses in 2 weeks.

So, it's overbought right now, but I wouldn't stand in front of the train for a reversal just yet.

As long as $8442 (now support) holds after RSI decompresses, the bulls are in control again, stated Brookins.

Ramak J. Sedigh, founder & CEO of Plouton Mining, also weighed in.

A quick look at the trading volume shows a huge increase parallel to the price increases, he stated.

So unless we break out of the 8800 and 9000 resistance levels this is just another price manipulation - intentional or not. So its bound to come back to re-test the lows.

For now, bitcoins recent price rally looks too much too quickly, he stated.

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

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Bitcoin Reaches Its Highest In More Than 2 Months - Forbes

Listicle: 5 Bitcoin Lightning Games you need to know – Sahiwal Tv

1. Lightning Duel

"This protocol is not big enough for both of us." The working subject for Lightning duel have now been. Because, due to the fact title indicates, the Satoshi mini game takes us to your crazy western. The online game advertises a 48 % fair possiblity to win the Mexican standoff and twice as much Satoshi bet.

Rien ne va plus: Another way to gamble hard earned Satoshi provides Thunder Sats, Roulette simulation just allows tough money wagers, specifically BTC. Minimum bet is 100 Satoshi then every thing on black colored!

If you have got a handful of satoshi from the large advantage, it is possible to join Unlock to try one's luck. The purpose of the overall game would be to click the proper hair and twice as much victory of 50 Satoshi each. But be mindful: in the event that you click many times, you shed every thing.

As long as the celebrated history of this Bitcoin dad continues to be confusing, the folklore around Satoshi Nakamoto must not end. Where is Nakamoto? joins the look for the writer of this Bitcoin white report and transforms it into a mini-game.

If you may be fortunate to get the best area, youll be richly compensated. The primary reward, Satoshi Nakamoto himself, is just provided when within the 16 by 16 area. For this, the lifter of this prize beckons an astonishing 18,000 satoshi.

The gameplay of RGB slot really is easy: deposit Satoshi, spot a wager and a cure for best. Because in the event that player achieves the best shade combo, profits trend. The much more improbable the result, the larger the entrainment logically. If you make the leap early adequate, you have got a good possibility of going house or apartment with even more Satoshi than were used.

As within the genuine casino, nevertheless, the exact same also pertains to the Bitcoin counterpart: in the long run, the financial institution constantly wins. As only a little gimmick, the provides tend to be great. Prove that little programs could be constructed on Lightning very quickly after all. However, users shouldnt be lured to wager bigger amounts.

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Listicle: 5 Bitcoin Lightning Games you need to know - Sahiwal Tv

Bitcoin Hovers Around $8,700 As Poll Suggests $20,000 Bitcoin Price – Toshi Times

The cryptocurrency market is trading mostly sideways today, after some gains earlier in the week. At the moment of writing, the price of Bitcoin is trading at $8,697. However, although the price of Bitcoin is hovering around $8,700, a fresh poll suggests it may have a massive upside.

As it often the case, Bitcoins performance is dictating that of the larger cryptocurrency market. According to statistics from COIN360, the market is evenly split between intraday gains and losses.

However, perhaps the most notable crypto market news of the past week has been the meteoric rise of Bitcoin SV. Bitcoin SV is currently the fifth-largest cryptocurrency by market capitalization. Whats more, the coin rose from well under $200 a few days ago to a high of roughly $440.

Although the coins price has since fallen, to a price of $317 at the time of writing, this still represents a massive price increase. The exact reason as to Bitcoin SVs dramatic price increase is not clear.

However, some suggest that rumors that Craig Wright could execute a massive Bitcoin sell-off and instead invest in his fork of choice, Bitcoin SV. This rumor was tied to the recent news that time is running out for Wright to prove he is Satoshi Nakamoto if he wants to escape legal sanctions.

The Bitcoin SV pump saw the cryptocurrency briefly overtake Bitcoin Cash as the fourth-largest crypto in the market. Although Bitcoin SV has since fallen, it will be interesting to see whether this was a tease of future market moves.

In Bitcoin news, however, a recent poll says that Bitcoins true value could be $20,000. This poll was undertaken by the economist and crypto analyst Alex Krger.

Moreover, he committed the poll over Twitter, which means it isnt entirely scientific. It is, nevertheless, interesting to take into account.

In it, a total of 4,079 people were asked regarding their sentiment for the premier cryptocurrency. A total of 47.1% of those asked regarding the cryptocurrency were adamant that Bitcoin will surpass its all-time high of roughly $20,000 by the end of this year.

Only a mere 14.8% of the respondent thought that Bitcoins price would be anywhere below $11,499 by the end of 2020.

Public sentiment does not decide everything, but it is an important factor for investment appetite. As such, it will be interesting to see whether Alex Krgers poll pans out.

Published January 16, 2020January 16, 2020

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Bitcoin Hovers Around $8,700 As Poll Suggests $20,000 Bitcoin Price - Toshi Times

If Bitcoin is digital gold, theres room for other things: Balaji Srinivasan – AMBCrypto

Satoshi Nakamoto was not a troll. Satoshi Nakamoto was calm, cool, pragmatic and pro-technology. He avoided confrontation, he avoided confrontation of WikiLeaks, and he never yelled at anybody, asserted former Coinbase CTO Balaji Srinivasan, while addressing the controversy surrounding Nakamoto.com and its choice of name.

Nakamoto [the publication, and not Satoshi] was subjected to massive criticism from many in the community, soon after it launched in January, with many taking issue with the website being named after the creator of the worlds largest cryptocurrency.

On the latest episode of Unqualified Podcast hosted by Messaris Ryan Selkis, Srinivasan defended the publication and stated that with Nakamoto, he wants to create a community where everybody can win. Talking about the cryptocurrency industry and the age-long discourse and the ideological split between Bitcoin and altcoins, the former exec said,

If you think of Bitcoin as digital gold, I do think there is room for other things. I dont really want to argue that with people who think its a zero-sum game.. There are zero-sum games, but I dont think this is one

Srinivasan added,

Our philosophy is Bitcoin and and not Bitcoin or. And that is actually where the community is in practice. At Coinbase, no matter what community I met with, they may be in privacy coins, they may be in smart contracts platform, everybody knew, respected and held Bitcoin.

Apart from the name, another aspect that was hotly debated after the launch of Nakamoto.com was the list of contributors who came together from different backgrounds and identified themselves as pro-Bitcoin, with a lot of criticism leveled against BCH proponent Roger Ver and Ethereums Vitalik Buterin.

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If Bitcoin is digital gold, theres room for other things: Balaji Srinivasan - AMBCrypto

Latest Bitcoin price and analysis (BTC to USD) – Coin Rivet

Bitcoin (BTC) is currently trading at around $8,106 following a 5% jump in price since Friday.

Over the past 24 hours, the price of BTC has hardly moved as the worlds largest cryptocurrency attempts to break through and consolidate above its 200-day EMA.

Following some positive price action last week, some are suggesting that the bear market may be over and Bitcoin will keep pushing higher again.

Lets take a look at Bitcoins chart, courtesy of TradingView.

As you can see, Bitcoin is bouncing off its 200-day EMA as it attempts to break this crucial level of resistance around $8,200. This is the important initial step BTC must take if it is to start recording consistent higher lows.

Over the last quarter of 2019, Bitcoins volume was showing signs of weakness. During most of Q4, volume stayed below $20 billion.

However, since late December, BTC seems to be turning things around, with volume currently about 30% to 40% higher than last month.

After the last drop that took BTC from around $7,500 to $6,900, price bounced and started climbing upwards.

If Bitcoin is able to maintain the positive trend seen so far this year, we might see $10,000 sooner than expected.

Last week, I underlined that within the next few days/weeks, we could see a major reversal after a period of serious accumulation by hodlers.

The boost in trading volume means the accumulation cycle could be close to an end and the bull run were all waiting for will start sooner than expected.

For the time being though, theres a chance it can go either way. Only if BTC continues to record higher lows will price continue to go up.

The upwards movement over the past few days could mean a shift in sentiment, but it is too early to tell. It seems we already found the bottom (during 2019) and could be making our way towards a mid-term move to the upside.

I expect price to bounce between the 50-day and 200-day EMAs until we see a serious break to the upside. At the moment, I expect BTC to trade between $7,700 and $8,200, as theres strong resistance around this key level.

To break the 200-day EMA, BTC will have to go past some serious volume levels. I personally see massive resistance at around $8,200 and again near $10,000.

As veteran traders and investors usually say, smart money buys when theres blood on the streets. Ive been saying for the past month that Im waiting for major drops to make new entries. Moments like these are highly welcomed and appreciated.

I strongly believe Bitcoin to be a long-term store of value, especially as traditional markets continue to show weaknesses.

How can the markets continue to push higher after the ECBs recent rate cuts, the continuous share buybacks from huge corporations, or the inverted bond yield shoving investors away towards riskier assets?

In addition, repo market activity as in loans from central banks to commercial and investment banks has spiked to new monthly records. That adds up to another signal of weakness for the general economy.

We shouldnt forget that the Bitcoin halving is coming in May 2020, which will put extra positive pressure on price as the number of Bitcoin minted per block is halved.

The key aspect of the halving event is to work out whether it has already been priced-in by miners. I personally doubt it, since most people (and businesses) have a short-term mindset.

Therefore, I see miners pushing for lower prices until the halving takes place. The harder it is to mine until the halving, the more miners will drop off, leaving more room for profits for the players who stay.

In conclusion, investors and traders should pay attention to the overall economic panorama, as it will most likely be a major catalyst for worldwide BTC adoption.

Safe trades!

Current live Bitcoin pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents:

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In August 2008, the domain name bitcoin.orgwas registered. On 31st October 2008, a paper was published called Bitcoin: A Peer-to-Peer Electronic Cash System. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are.

The paper outlined a method of using a P2P network for electronic transactions without relying on trust. On 3rd January 2009, the Bitcoin network came into existence. Nakamoto mined block number 0 (or the genesis block), which had a reward of 50 Bitcoins.

If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Heres an article to get you started.

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice.

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Latest Bitcoin price and analysis (BTC to USD) - Coin Rivet

Kraken CEO believes privacy coins will become widely accepted. – Coinnounce

Kraken CEO Jesse Powell, in a conversation with crypto and privacy advocate Naomi Brockwell, said that there are a lot of legitimate reasons to have financial privacy. He believes privacy coins such as Monero and Dash serve an important person, and it will take a lot of time for governments to understand the benefits of it.

Jesse Powell also emphasized on the importance of educating lawmakers and regulators about the importance and rationale of cryptocurrencies. When asked about the regulations around privacy coins, Powell replied that financial privacy is like a fundamental right. For example, an employer should not be able to track what employees spend their money on. He said that bitcoin transactions can be traced, and substantial information can be retrieved, and thats why privacy coins are important.

Kraken CEO, when asked about the importance of decentralized exchanges, replied that it would be nice to have DEXs there as we have already seen at least one case of a regulator going after a DEX creator, and in future, we will see more of that. He added that most DEXs are out there in the open, and it is known who the development teams are where they are. He further noted that a story like Satoshi Nakamoto is needed for a successful DEX so the regulators can not throw him in jail or ask to change the protocol.

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Kraken CEO believes privacy coins will become widely accepted. - Coinnounce

Craig Wright Reveals Document Claiming Origin of Satoshi Nakamoto Name – Cointelegraph

Self-proclaimed Bitcoin (BTC) creator Craig Wright, showed what he claims is a document that explains the origins of the Satoshi Nakamoto pseudonym.

In an interview published by industry news outlet Modern Consensus on Dec. 19, Wright has shown to his interviewer a document representing an article from digital database of an academic journals JSTOR, dated Jan. 5, 2008.

The article is about a person named Tominaga Nakamoto, who lived between 1715 and 1746 in Japan. The document also contained the following handwritten notes:

Nakamoto is the Japanese Adam Smith. Honest Ledger + Micro Cash. Satoshi is Intelligent History. Not too hard.

According to Wright, he has chosen the name Nakamoto in honor of Tominaga Nakamoto. The handwritten note compares him to Adam Smith, who is by many regarded as the father of modern economics. When asked whether Nakamotos economic ideas were the reason why he has chosen his name, he answered:

In part, yes. He wrote about money and honest money and the rational nature of things. The shogun [feudal ruler] at the time was in financial crisis, and economic austerity. [...] I like the description of him, and I got into his brother, Tka. Nakamoto was upright and quiet but impatient in character and I thought: That sounds like me.

When it comes to the first word of the pseudonym, Satoshi, Wright says it means intelligent learning. This, he explained, refers to one having access to the knowledge conquered by his ancestors.

While Wright claims to be Satoshi Nakamoto, in November he also informed the plaintiff that he could not finance a 500,000 BTC ($3.7 billion) settlement in the case that the Kleiman estate initiated against him. Dave Kleiman was a cyber-security expert, whom many believe to have been one of the first developers behind the Bitcoin and blockchain technology who died in April 2013.

Kleimans estate, led by Davids brother Ira Kleinman initiated the case in February last year, accusing Wright of stealing hundreds of thousands of Bitcoins worth over $5 billion after the developers death.

Satoshi Nakamoto is known to have mined the origin blocks on the Bitcoin blockchain, the so-called Satoshi blocks and consequently should own a significant number of coins on his/her address.

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Craig Wright Reveals Document Claiming Origin of Satoshi Nakamoto Name - Cointelegraph

Who is the Bitcoin creator Satoshi Nakamoto? The most likely candidates – Crypto News Flash

Although Bitcoin has been around for almost 11 years now, it is still a mystery who is the inventor of the first distributed digital cryptocurrency. Although probably everyone who has ever dealt with Bitcoin knows the synonym Satoshi Nakamoto, nobody (who makes it public) knows who Satoshi is and if there is a single person or a group of people behind the synonym.

In general, people know that Satoshi was very careful to protect his privacy. So very few facts about the founder of Bitcoin are known. Even in the early days of the Cypherpunk mailing lists, Satoshi kept a low profile. Without much notice, he published the Bitcoin Whitepaper in November 2008, which laid the foundation for the Bitcoin protocol. On January 3, 2009, the first Bitcoin block carrying the message was dismantled:

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

The mysterious Bitcoin inventor then tinkered with his invention for another two years until, after a dispute with the community that wanted to get WikiLeaks to use Bitcoin, he posted his last message on the Bitcoin Forum in December. Satoshi did not (yet) want to draw attention to his still beta-stage project and probably also to the CIA.

In spring 2011, Nakamoto returned to leave a final message. He explained that he was handing over the reins to Gavin Andresen and all other community members. This was the last time, however, that Satoshi Nakamoto made a public statement.

Since then, there have been wild speculations about who Satoshi is. Over the years, numerous people have also come forward claiming to be Satoshi. So who are the most likely candidates? And has the CIA already identified who Satoshi Nakamoto is?

One of the most frequently mentioned candidates is Nick Szabo. The most important reason for his nomination is Bit Gold. In 2018 Szabo wrote on his blog that he has an idea for a decentralized and deflationary money. He described some basic concepts that can also be found in Bitcoin. Among other things, Szabo proposed to use a concept of time stamps and reusable proofs of work to make Bit Gold tamper-proof.

However, various linguistic studies have shown that although Szabos and Satoshis wording are very similar, however, the language style is too different. While Szabo has a digressive writing style, Satoshis texts in the Bitcoin Forum as well as in the whitepaper are always very sober and precise.

Another argument against Szabo is that there is no evidence that Szabo has programming skills. His work was rather academic. In this respect, he probably would have needed help in programming Bitcoin. Szabo also denied being Satoshi several times.

A common theory is that Szabo may have received help from Hal Finney. In his blog post on Bit Gold, Szabo sought help with the development. Finney was a cryptographic pioneer of the pre-Bitcoin era and may have answered Szabos call. Finney was also the second person, after Satoshi himself, who ran the Bitcoin core software to mine Bitcoin.

In an official interview, Finney, who died in August 2014, stated that he was the recipient of the first Bitcoin transaction when Satoshi sent him ten BTCs as a test. The evidence for Hal Finney is therefore relatively strong. Due to his early death, however, a resolution of the mystery, by himself, is no longer possible.

Another possible candidate for Satoshi Nakamoto is the Australian and entrepreneur Craig Wright. Unlike the previous candidates, Wright does not deny being Satoshi. Instead, he has been claiming to be Satoshi for a long time. According to Wright, Bitcoin (BTC) has lost sight of its original goal of being a digital currency. As a result, he forged Bitcoin Satoshis Vision (Bitcoin SV).

Wright first received attention as a Bitcoin founder when he spoke at a conference in November 2015 next to the legendary Nick Szabo and hinted that he came into contact with Bitcoin at a very early (very, very early) stage. A month later, Gizmodo and Wired published an article about Wright, as a possible Satoshi candidate. As a basis, both magazines allegedly had leaked documents that Wright and Kleiman had invested 1.1 million Bitcoin in a Tulip Fund.

In May 2016, Wright then gave an interview to the BCC and declared on TV that he was Satoshi. As proof, he signed a transaction from an address known to be Satoshis the perfect proof, in fact. For a short time (almost) everybody was also convinced by Craig Wright. However, when the community verified the signature, it turned out that it was a signature of Satoshi, but one that Satoshi created when he sent Hal Finney Bitcoin.

In the current trial, the judge has awarded Dave Kleimans heirs half of Satoshis Bitcoins, 500,000 BTC. However, as CNF reported, Wright has not yet made the payment and stated that he cannot access his Bitcoin (BTC) as part of the Tulip Fund.

Within the crypto-community Craig Wright is also known as Faketoshi because of his numerous (alleged) lies. Wrights confrontation with Vitalik Buterin at Deconomy 2018 is legendary.

An often mentioned candidate is also the long-time cyperpunk Adam Back. Unlike previous candidates, Back also plays an active role in the current development of Bitcoin (as CEO of Blockstream, which funds Bitcoin Core extensively). Back is also the inventor of Hashcash, the only technical predecessor of Bitcoin, which Satoshi cites in the first version of his whitepaper.

However, Back denies being Satoshi. Moreover, Back only entered the Bitcoin scene in 2013 and (as far as is known) never wrote a single line of code for Bitcoin. As CEO of Blockstream he only contributed ideas and concepts.

In the summer of 2018, the news that the CIA and found out who is behind the pseudonym Satoshi Nakamoto caused a stir. Journalist Daniel Oberhaus from the Motherboard had made a request under the Freedom of Information Act (FOIA) to the Federal Bureau of Investigation (FBI) and the CIA for information regarding Satoshis identity. Oberhaus reported that the CIA neither confirms nor denies the existence of the requested information.

As early as 2016, Alexander Muse wrote in a blog for Cryptomuse that the U.S. National Security Agency (NSA) had identified the real identity of Satoshi Nakamoto using stylometry. Muse reported that the Department of Homeland Security (DHS) would not publicly confirm his FOIA request.

So, all in all, there is no candidate who stands out. Ultimately, only the signature of a transaction with one of Satoshis known keys can provide the ultimate proof. In this respect, the identity of Satoshi will remain a secret in 2019.

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Who is the Bitcoin creator Satoshi Nakamoto? The most likely candidates - Crypto News Flash

Steven Wright’s Seized 1M Bitcoin to Be Unlocked Soon, BSV to Gain Momentum – Coin Idol

Dec 25, 2019 at 10:57 // News

Craig Steven Wright, the person calling himself Satoshi Nakamoto and the chief defender at Bitcoin SV, is expected to get the keys to over 1,000,000 BTC by next week. The blockchain and digital currency ecosystem is waiting to see how this will go. If Craig is right, the unlocked Bitcoin money worth over $8 billion at the time of writing could flood the whole digital currency market.

The chief scientist at nChain as dominated the blockchain, distributed ledger tech (DLT) and cryptocurrency news this year, most especially on the part of claiming to be the original developer of Bitcoin. Nevertheless, Satoshi Nakamoto will more likely see his sway over digital asset sector drama fizzle out at the start of 2020.

Craig has been claiming to be the real creator of the original digital currency Bitcoin, but up to now he has never proved it. Albeit, he isnt alone claiming to be Satoshi Nakamoto, there are a good number of people and companies claiming this, as coinidol.com, world blockchain news outlet, reported back in time.

Craig has been undergoing a tough clash with the company of his short time ex-partner Dave Kleiman, after being suspected of mining over 1 Mln BTC during its early existence. The estate managed to drag Wright in courts of law, and he won the rights of some of the holdings they mined which is valued at over 8 bln USD, at press time.

But according to Craig, the funds cant be accessed since they are still held in the Seychelles-based fund known as Tulip Trust. At this time, Craig still says that he lost the keys accessing the funds, claiming that his ex business partner hired a bonded courier in order to recover the keys back to him not exceeding January 1, next year (around one week from now). And if at all the keys to the trust are recovered, Wright is going to own 1.1 Mln Bitcoin, worth more than $8 bln (considering the current price rates).

The Bitcoin Satoshi Vision ecosystem is also warming up to jump onto the bandwagon of the digital currency revolution, but that is when the case is successfully ended in favor of their chief defender.

Enough evidence (including the email that were exchanged between the two parties) has been raised in court by both Craig and Dave, so it now left in the hands of the judges for the law to take its course and justice to prevail. Jan. 1, 2020 will on the other hand become an extremely imperative day for the digital currency industry.

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Steven Wright's Seized 1M Bitcoin to Be Unlocked Soon, BSV to Gain Momentum - Coin Idol

Will Craig Wright receive the keys to 1 million Bitcoin on January 1? – Crypto News Flash

Shortly before Christmas, the case of Craig Wright vs. Dave Kleiman received further impetus. After the self-appointed Bitcoin inventor was already sentenced in August to hand over half of the Bitcoin originally mined by Satoshi, 500,000 BTC, to his former partner Dave Kleiman and his heirs, the day of decision is now approaching.

The notorious Tulip Trust is to be activated on 1 January 2020. While Wright claims that he does not have access to the private keys of the over 1 million Bitcoin, as these are held in the Tulip Trust, a trust company based in the Seychelles, a courier is to return Dave Kleimans keys on January 1. However, a courier is to return Dave Kleimans keys on January 1.

Wright claims that Kleiman has hired a courier under customs seal who will return the keys to Wright on January 1st. Whether the courier will ever show up, however, is more than questionable. Wright has already made provision during the court proceedings for an excuse in case the courier does not appear. In a court statement he said that Kleiman never confirmed to him whether he had actually hired a courier.

Next Wednesday, however, Craig Wright could possibly receive the keys to more than 1 million Bitcoins and the identity of Satoshi Nakamoto could be finally clarified. The chances of this happening are considered very slim by many members of the industry. While the confirmation could send Wright`s Bitcoin SV (BSV) to the moon, the non-appearance of the courier could be another blow to the BSV price.

Regardless of the big decision day, the Wright vs. Kleiman case continued even before Christmas. On December 23, Wrights attorneys filed two documents one was a response in support of an appeal against a previous court order, while the other was a response to a request from the Kleiman estate regarding the hearing of his wife, Ramona Watts.

The first document is about Wrights refusal to release a list of his Bitcoin addresses since August. Wrights lawyers argue that he should not be punished for not being able to give out the list. In particular, Wright has made efforts to restore the list by ordering the CTO of nChain to produce it.

The second document is about Wrights wife, Ramona Watts, who is to testify as a witness. Kleimans lawyers filed a motion on December 21 requesting that she be allowed to travel and legal counsel so that she could testify in the U.S. court. Watts, however, demanded costs between $65,000 and $164,000, which the Kleiman side rejected. Wrights lawyers argued in the new letter that the Kleimans would have to pay the costs, as the hearing is requested solely by the plaintiffs.

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Last Updated on 26 December, 2019

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Will Craig Wright receive the keys to 1 million Bitcoin on January 1? - Crypto News Flash

Top 5 Crazy Crypto Events of 2019 – Bitcoinist

2019 was marked by numerous events in the crypto industry, some of which could be considered quite significant and major fails.

With 2019 being only 6 days away from its conclusion, it might be interesting to take a look back on this year, and see which events related to the crypto industry may stand out.

Without further ado, here are our top 5 picks for some of the crazy crypto-related fails in 2019.

Earlier this year, there was a charity that featured lunch with the legendary investor of Wall Street, Warren Buffet, as one of the rewards for donations. The lunch with a famous businessman was won by the TRON CEO, Justin Sun, with a bid of $4.5 million.

Suns goal was to talk to Buffet about crypto and try to convince him that cryptos are good for the future. Unfortunately, the lunch had to be delayed, and eventually it was canceled, causing widespread disappointment throughout the crypto industry.

Craig Wright has been trying to claim the identity of Satoshi Nakamoto Bitcoins mysterious creator for a number of years now. However, Wright was never able to move a single coin that belongs to Satoshi, which is the only way he could prove to the world that he is, indeed, who he claims to be.

In one of the more recent attempts to do so, he claimed that he had a mountain of evidence, including historical documents, such as the handwritten version of Bitcoins white paper, which included coffee stains and rusty staples. Not exactly proof, but it was certainly an entertaining statement at the time.

Earlier this year, TRON, and its CEO, Justin Sun, came under a pretty negative spotlight after a PR disaster revolving around a Tesla giveaway. As some may remember, Sun announced that TRON is partnering up with Tether, which was supposed to be followed by a giveaway of Tesla Model S.

Many were skeptical right away, but a lot of people were also quite hopeful. The Twitter announcement exploded, and when the time came to draw the winner, Sun used a random lottery selection software, TWrench. But, when he posted the video, it quickly got removed due to a glitch and large file size. When the community managed to dig it up, they realized that it was fake and that the winners name appeared before the drawing even began.

A crypto project known as DigiByte made a lot of effort in order to get listed on some of the biggest exchanges out there, and Poloniex was quite high on the list. The project eventually got listed, but it was also quickly removed from the exchange quite recently.

Why? Simple. The projects founder took to Twitter to blow off some steem and criticize quite a few big names in the crypto industry, including Binance CEO, CZ, TRON CEO, Justin Sun, and even Poloniex itself. DigiByte was removed from the exchange soon after, and many believe that this was the reason why.

Another major fail from a few months ago came about as Binance delisted 30 trading pairs from its platform, including TRON-based BitTorrent (BTT). Interestingly enough, this was the first token that Binance Launchpad ever launched, and it even started the Initial Exchange Offering (IEO) trend that marked the year.

Binance even publicly supported TRX and BTT earlier this year, only to delist its trading pairs (among others) later on, which caused a major price drop for BTT and its peers. It was undoubtedly a hard blow for BTT and Justin Sun alike.

Do you agree with our picks? What other crazy, major fails do you remember from earlier in 2019? Let us know down in the comments.

Image via Shutterstock, Twitter @jaredctate @poloniex @justinsuntron

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Top 5 Crazy Crypto Events of 2019 - Bitcoinist


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