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

Bitcoin suffered a minor scare over the weekend as it predictably sold off from the $6,800 level of resistance.

It plunged to as low as $5,900 before finding a 7.68% bounce that propelled it back above $6,000 on Monday morning.

Bitcoin now needs to avoid closing daily candles and breaking below $5,900 as it would indicate that the recent downtrend is far from over and that new lows of $3,150 may be tested in the coming month,

However, Bitcoin bulls still have the opportunity to create a bullish narrative leading towards Mays halving event, which will see block rewards for miners slashed from 12.5BTC per block to 6.25BTC per block.

This has historically been bullish for two reasons; firstly it reduces the supply of Bitcoin on the market, thus naturally increasing price to rise. It is also important to consider the mining industry as a whole, if rewards are slashed then miners will need to price to effectively double in order to maintain the same levels of revenue.

A breakout above $7,000 in April could provide the ultimate platform for Bitcoin to rise during and after the halving, with some analysts suggesting that it could drive BTC to a new all-time high.

A move of that magnitude would also cause a ripple effect across all cryptocurrencies which would see the likes of Ethereum, Litecoin and XRP also surge to the upside.

While it seems straightforward, a black swan event like coronavirus has the potential to derail and rewrite any narratives that traders my attempt to set.

If cases and fatalities continue to rise then global stock markets and cryptocurrency will suffer as a result.

For more news, guides and cryptocurrency analysis, clickhere.

Current live BTC 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 January 3 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 orcryptocurrenciesin 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

Crypto Timeline: The Evolution of Bitcoin, Blockchain, and Cryptocurrency Technologies – BlockPublisher

While it might surprise some to learn that crypto technology has been evolving since the early 90s, what shouldnt come as a shock is just how far the technology has come- and how far it hopes to go.

Few buzzwords are as powerful as blockchain and crypto these days. Each creating a thought association with novel technological practice. Even though these terms arent actually new. Crypto technologies have been available for nearly two decades, but only recently have created adaptable, necessary, and accessible applications for the everyday person.

So much so that trading, purchasing, and using the coin have become commonplace in many peoples lives. Even new users and laypeople can enjoy the thrill of an exchange platform, like for example https://bitvavo.com/en with little to know expert knowledge on the subject. This timeline of the evolution of bitcoin and its associated technologies lets us know just how far weve come, so we can all look forward to just how far we can go.

Blockchain has been evolving since Stuart Hager and Scott Stornetta began work on the first blockchain ever. However, 2013 is a notable moment in the history of blockchain, as this is when alternate cryptocurrencies began to evolve and the world received a new term, hard fork.

A hard fork is a divergence from the original functionality of any given blockchain network or cryptocurrency protocol. This divergence ends one protocol splitting, creating a new coin, token, or network along with it. 2013 marked the first known hard fork when Vitalik Buterin released the Ethereum white paper.

In 2009, the father(s) of bitcoin, Satoshi Nakamoto released a white paper explaining how the blockchain technology that they had developed could provide the structure to create a fully decentralized currency.

Little is known about Nakamoto. Some believe that it is one man or woman, others are sure that it is a group of people. Whoever Nakamoto is, what was conceptualized by them in 2008, was soon to grow into one of the biggest names in tradable assets, digital trust, and decentralized power structures.

This is bitcoin. Bitcoin changed the way we think, not only about currency and assets themselves but about data accumulation and dissemination.

2013 is also an important year for bitcoin, as in February of that year, the main payment processor for bitcoin at the time reported selling $1 million worth of bitcoin in a single month. Through that year, the bitcoin marketplace surpassed $1 billion, showing the marketplaces flair for value volatility and returns.

In the United States, regulating bodies began to sit up and take notice of the technology. Instituting regulations on traders and shutting down the infamous Silk Road empire. Effectively showing the public that bitcoin was here to stay.

When Ethereum creator Vitalik Buterin saw the potential of blockchain, he knew he had to take it further. Ethereum became a full-blown, decentralized network. Enabling users to undertake smart contracts and begin the creation of decentralized applications (dApps).

Smart contracts are like any other contract, only using blockchain technologies instead of arbiters and intermediaries. These contracts are capable of adding in something that original blockchain technology couldnt offer- contingencies.

Smart contracts work with if-then protocols, meaning that the next step in the contract cannot begin until the previous request has been met satisfactorily. Normally, we use a person to guarantee that each benchmark is met, which doesnt always work the way it should. With smart contracts, these benchmarks are non-negotiable and if theyre not carried out as planned, the contract will cancel.

2017 saw the development of yet another hard fork that would change the world of crypto. EOS.io is unveiled as a new protocol within the blockchain that would allow for the further deployment of dApps.

This open-source network aims to encourage users to create their own applications and smart contracts sans-centralization. Which was a massive game-changer in 2017. The continued development of dApp friendly platforms meant that more people had improved access to develop the dApps that they needed most- and use dApps that had already been created by others.

Keep in mind that this is a far cry from an exhaustive list of all the bright points that sparkle in blockchain history. There have been a number of innovations, resulting in an exponentially amount of new technology- designed to solve the problems that plague us most.

The key to the underlying usefulness of crypto and blockchain technologies is that these systems boost trust, reliability, security, and self-sufficiency. All by removing the centralization that far too often becomes corrupted in common day society.

So where will crypto go in the future? Well, the possibilities truly are limitless, so that makes it incredibly hard to say. But, surely, it will continue to evolve exactly as we need it to.

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Crypto Timeline: The Evolution of Bitcoin, Blockchain, and Cryptocurrency Technologies - BlockPublisher

Just Like Bitcoin Before It, Cardano Is Banned From Wikipedia – Cointelegraph

On March 24, Cardano (ADA) founder, Charles Hoskinson, streamed a YouTube video titled On Wikipedia, in which he berated Wikipedia for applying arbitrary commercial censorship against Cardano.

Censorship of cryptocurrency projects is as old as the industry itself. Back in 2010, even Satoshi Nakamoto was frustrated with Wikipedias editors for removing Bitcoins wiki entry several times.

After PayPal severed ties with WikiLeaks, one of Bitcoins supporters suggested that becoming the site's new source of donations would generate enough publicity to gain entry into Wikipedia. Satoshi strongly opposed WikiLeaks adoption of the cryptocurrency, but it was too late:

No, don't "bring it on". The project needs to grow gradually so the software can be strengthened along the way. I make this appeal to WikiLeaks not to try to use Bitcoin. Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage.

Hoskinson states that he does not know the rationale behind Wikipedias hostility towards his project, despite it being the most cited of all of the peer reviewed coins:

We don't know why there's hostility where coins like SpankChain can have an article on Wikipedia. A lot of other cryptocurrencies and top 15, top 20 apparently have articles and that's perfectly fine. But then we're not allowed to have an article for some reason, even though we've been mentioned by the U.S. Congress.

Cointelegraph could not find a Wikipedia article for SpankChain (SPANK). Other projects like Dogecoin (DOGE), GridCoin (GRC), and PotCoin (POT) do have one, however. Most of the top ten projects, including Bitcoin Cash (BCH), have one too.

Source: Cointelegraph

Hoskinson confirmed to Cointelegraph that the censorship comes exclusively from Wikipedias English language editors, noting that there are Cardano wiki entries in German, Estonian, Italian, Japanese, Dutch, Portuguese, Romanian and Russian.

Crypto censorship has recently been on the rise. In Wikipedias case, it is an especially surprising move, considering that the site accepts Bitcoin to help fund its mission of providing a free online encyclopedia, created and edited by volunteers around the world

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Just Like Bitcoin Before It, Cardano Is Banned From Wikipedia - Cointelegraph

Nervos Network Blockchain Believes Trust is Incredibly Valuable But Has Boundaries – The Cryptocurrency Analytics

The Nervos CKB (common Knowledge Base) is the fundamental layer 1 Proof of Work Blockchain. It creates the foundation for all the Layer 2 protocols, integrations, and scaling solutions facilitated on the Nervos Network.

Terry Tai, Nervos Cofounder, and CEO stated,Nervos, in our design concept, is different from other public blockchain projects in many ways.

Terry Tai controversially opines that POW is the only choice for Layer 1 protocol. He also feels that blockchain technology is still in its very early phase. He opined that there is a lot of infrastructure work that should be done before any kind of mass adoption.

Terry Tai, in an interview in response to a hypothetical question about a chance to meet Satoshi Nakamoto, who is a male in his deathbed, stated he would ask, Where is your private key? Would you mind me helping you burn the coins?

Nervos Network CEO acknowledged that the project is in its early stages. He described his community members as futurists with an adventurist spirit. He also stated that he respected the BTC and Ethereum communities.

Sydney Ifergan, the Crypto Expert, tweeted: Nervos Network believes that trust is incredibly valuable in the cryptocurrency and blockchain industry. They believe that trust has barriers. And, that sums up everything else about them.

The NErvos network is different from several other projects in the cryptocurrency space in that it provides flexible support for crypto primitives. Also, there is no need for a hard fork.

Their Layer1 protocol CKB does not use an account model, rather they use a UTXO like model, and they call it Cell model. It facilitates improved Bitcoin Interop, and it can take advantage of UTXO tech like the MimbleWimble. The Layer1 protocol CKB makes use of PoW. Also, Nervos is not just a single blockchain; instead it is a layered architecture that included both the Layer1 and Layer2 protocols.

The Nervous network is very clear about the fact that trust is common in families, but not in companies, nations, firms, and giant institutions. They opine that blockchain technology can break through the barriers of trust to establish bilateral cooperation efficiency in a way to strengthen the collaborative relationship in human beings, thus making blockchain technology more prosperous.

The Nervos Network has announced a public grants fund to fuel the growth of their ecosystem for their permissionless layer, one blockchain the Nervos Common Knowledge Base (CKB).

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Nervos Network Blockchain Believes Trust is Incredibly Valuable But Has Boundaries - The Cryptocurrency Analytics

Blockchain Nation. The currency that is infiltrating the data centre sector – Data Economy

Bitcoin and cryptocurrency began stamping its hypothetical feet and making noise in mainstream media over the last decade, with individuals taking a keen interest in blockchain and its link to banking and investment. Since then blockchain, the technology that runs Bitcoin, has developed into one of the biggest revolutionary technologies with the potential to impact every industry from data centres to the financial sector. Abigail Opiah reports.

Blockchain first arrived on the scene back in 2008 when a person (or group of people) using the name Satoshi Nakamoto released a whitepaper that explored the concept of a peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a financial institution. With the launch of Bitcoin in January 2009, blockchain had its first real-world application.

Blockchains multiple strands created conversations that go far beyond its original purpose of a growing list of records that are linked using cryptocurrency. According to Vincent Barro, Vice-President Datacentre & Business Development at Schneider Electric, before peeling away at blockchains surface level to unlock its full potential, conversations around tokenization need to be had.

When we talk about crypto, we need to talk about blockchain and tokenization, which are the main two technologies behind cryptocurrency. Crypto is huge in terms of banking, and you can see companies like Swisscom invest a lot in crypto which means that they want to take the lead globally on it, he says.

To be efficient with your customer, you need to have infrastructure and a presence in the cloud. This is extremely critical for blockchain because you are going to need the edge. The blockchain business has been predicted to jump from 2.5bn to 20bn by 2025, thus the data centre needs to adapt to this new business strategy. With that being said, there are some challenges that relate to energy including modularity.

I have a lot of demand from customers for modular solutions, which can be containerised solutions or something more local. On the other side, youve got this link with the cloud providers and major colocation data centres, which conjures the need for super-efficient solutions that leads to liquid cooling which is a big topic at the moment.

Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data. In one breath, the conversation led to all the tree-branches that stem from blockchain which puts conjures up the question of what is next for blockchain, will all the big technology players jump on board, and which regions will see the adoption of blockchain completely flourish first.

What has been happening over the last two years is a lot of acceleration within Microsoft and Google to come to Switzerland. The usual situation in Switzerland was more about medium-sized colocators that do colocation business but there are a lot of

Google and Microsoft decided to enter the Swiss market through colocation, with Google communicating that it will enter the market via Green Datacenter AG. Green Datacenter was a small colocation provider, which became a major player in the last two years thanks to Google.

The reason why these companys feel it is important to be in Switzerland is because they want to be under the Swiss data protection legislation and banking applications. That is mandatory to attack the wall of finance and insurance.

One point which is important but has not been finalised is that Amazon may move to Switzerland as well in the very near future. In terms of finance, this is important because of low latency. With this new ecosystem of data centres, these companies will have about ten milliseconds of improvement in latency which is huge when we talk about finance, and as the country is not very big, it has two interconnected points within an hour and a half between Zurich and Geneva.

This is because Switzerland has no specific hindrances that affect cryptocurrencies. Switzerlands Federal Council, the nations collective head of state and government, has announced it will commit to improving the legal framework for blockchain and distributed ledger technology companies.


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As the conversation steered towards tech giants, one instant ping in the brain was Facebooks announcement of its very own cryptocurrency, Libra.

The cryptocurrency is a permissioned blockchain digital currency that does not yet exist, with only rudimentary experimental code being released so far, but it has been projected to be launched in 2020.

At the moment, there are around 240 cryptocurrencies in the world, thus we see consolidation in this environment, which is set to grow more, adds Barro.

240 cryptocurrencies are a lot of cryptocurrencies. The blockchain sector has witnessed the birth of new alliances, Bitcoin and Ethereum survived the bear market, new cryptocurrency trading products and a plethora of blockchain protocols matured and expanded in growth.

Compute Norths President Marshall Johnson predicts that migration from China will continue in regards to blockchain and hash rate will continue to jump. His other predictions for blockchain is that there will be a continued evolution of the technology, and as a result, there will be further enterprise adoption, especially in financial services, supply chain and banking.

Lastly, he predicts that low costs will still win, previous generation machines will be dead this year unless there is serious price movement, and halvening will make some miners go out of business that have not upgraded their equipment.

In a halvening also referred to as halving Bitcoin rewards that go to the so-called miners that support the coins network drop in half in order to prevent inflation from eroding the purchasing power of the coins.

Since bitcoin has halved twice in the past, we can say that it has shown to be a major catalyst in setting off a new bull market era for bitcoin. As bitcoin halves and fewer are being generated, the increased scarcity leads to an increase in value, says Johnson.

The increased scarcity of bitcoin means only the most high-performing and high-efficiency mining operations will stand to see steady or increased profits following the halving. This makes outdated miners like the Antminer S9 nearly irrelevant without some sort of optimisation strategy to extend their productive life.

This will drive many to upgrade to a more efficient miner like the Antminer S17, especially for large-scale operations. Utilisation of cheap energy and mining colocation should also be leaned on more significantly leading up to and in the wake of the halving in order to maximise profit in an increasingly competitive market.

Like Barro, Johnson too identifies the link with blockchain and data centres, highlighting that there will continue to be high demand low-cost computing and storage, which will put pressure on the data centre sector to evolve and adapt.

Worldwide data and computing requirements continue to grow rapidly. Blockchain and many applications are not mission-critical, require vast amounts of power and resources, and there is a trend to outsourcing these types of applications (IoT, Artificial Intelligence, Machine Learning, Image Rendering, and Blockchain), says Johnson.

This opens the door for innovative solutions, like the Tier 0 data centre infrastructure that Compute North is developing and building. North America offers a unique blend of power resources, geopolitical stability, and reliable infrastructure that is appealing to mining operations.

Although China recently reversed a two-year ban on cryptocurrencies, volatility and uncertain still exists in the region as government oversight of the sector appears to be in a regular state of flux. By moving some of their mining operations to the U.S., miners benefit from a more stable economic environment, the availability and mix of cleaner energy, stronger infrastructure and the advantages of an industry that is held to a higher standard. Diversifying operations is recommended to mitigate risk.

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Blockchain Nation. The currency that is infiltrating the data centre sector - Data Economy

Peter Vessenes in the Focus of Cointelegraph China – Cointelegraph

Welcome back to Cointelegraph Chinas Focus talk show. This time around, Peter Vessenes is under the spotlight. He is the founder of CoinLab, the first venture-backed Bitcoin company. He also co-founded the Bitcoin Foundation, serving as its first executive director and chairman.

Vessenes has provided digital-currency consulting services for entities including the United States Treasury Department, the Financial Crimes Enforcement Network, the Department of Homeland Security and the FBI. He serves as the chief cryptographer for the Deluge Network and Metronome, a project that aims to create a politics-free digital currency.

Cointelegraph: You were the first one to have talked with the U.S. Treasury Department about Bitcoin. What is the story behind it, and what exactly did they discuss with you that first time?

Peter Vessenes: In the early days, governments were trying to get their heads around Bitcoin, and things were so decentralized it wasn't really clear who even to talk to. The Bitcoin Foundation filled that role for a while in a critical time in the industry's development. We were invited out originally to meet with FinCEN, which is the Anti-Money Laundering enforcement section of the Treasury Department, headed by Jennifer Shasky Calvery at that time.

They were most worried about and interested in the enforcement side of Bitcoin: knowing what was happening, who was doing what and so on. Ms. Calvery said something I'll never forget: "We think the toothpaste is out of the tube." She proceeded to explain her rough idea was to acknowledge they couldn't stop Bitcoin from being a thing, and they would try and work with already regulated entities at the on- and off-ramps for enforcement.

This, it turned out, was a really good strategy. It let some early Bitcoin businesses and funds get a commanding lead: Coinbase, Kraken and Pantera all had the regulatory space to work on business models without major fear.

I would say the SEC has done much worse by American business in the most recent round of innovation, regulating with a much heavier hand, and we see the results with exchanges like Binance worth billions of dollars, but staying out of the U.S.

CT: Many traditional companies are now working on cryptocurrency, but on the other hand, the Securities and Exchange Commission continues to place obstacles before the Libra stablecoin, and it hasnt warmly welcomed crypto exchange-traded fund applicants, either. What is the exact problem you think the crypto companies need to solve? And what is the SEC or the government looking for?

PV: Government agencies that I've worked with are mostly concerned with serious enforcement worries, really objectionable activities, by which I mean things I wish I had never heard were happening and certainly will not repeat. I found this comforting. In 2012, it wasn't clear if there would be sort of petty enforcement in the U.S. outside of the SEC. In the U.S., we haven't seen much of that, although perhaps IRS subpoenas of Coinbase records come close.

In general, most agencies I've worked with were filled with good people working on good things, and they almost all big secret own crypto themselves.

As far as companies solving problems: financial inclusion, open access, destruction of rent-seeking behavior by long-standing financial industry participants those are all pretty good goals. I'll give you a hint, though, and say that JPMorgan won't be destroying rent-seeking behavior, no matter how innovative its crypto group is.

SEC behavior is complex, and it's good to remember that the U.S. has multiple regulatory agencies overseeing complex financial products; the Commodity Futures Trading Commission is another. So, you have a mix of internal regulator incentives, including expanding their own remit vis-a-vis other agencies, American imperialism, etc., and then you also have some what I'd call "good" motivations, like protecting citizens from scams, Ponzi schemes and so on.

I think we'll continue to see real innovation happening in fits and starts in areas that are as lightly regulated as possible. It's just so very expensive, risky and time-consuming to try to innovate in America on the financial side. I really can't emphasize enough the benefits of a lighter regulatory regime for innovation. It's very important.

CT: The Bitcoin Foundation was one of the most prominent organizations in the ecosystem.

So, how do you see its failings with respect to its governance, transparency and finances?

PV: Leaving the Bitcoin Foundation was bittersweet. In the beginning, I wanted it to be a place that built the good brand reputation for Bitcoin globally and provided a venue for both industry and individuals to do some collective work together.

It was sweet because it was clear that my idea had been right: There was real demand to organize and work together. Bitter because I failed to bring the best quality leadership to the top of the organization. Two board members went to prison. A third had been accused of crimes, but not tried. I worked hard to try to clear out influencers that I thought shouldn't be there. But in the end, I couldn't keep the leadership at a level I felt good about and decided to leave.

There won't be another thing like the foundation in our industry, but I'm still glad I launched it with Gavin Andresen and would do it again, although I would change how we chose board leadership and make it more international from the very beginning.

CT: Regarding Mt. Gox, as previously reported, roughly 24,000 creditors are thought to have been affected by the 2011 hack and subsequent collapse in early 2014. It was said you own a stake of Mt Gox and you have submitted a $16 billion claim in the Mt. Gox civil rehabilitation, which is considered an obstacle for other creditors. Can you explain the issue here?

PV: Unfortunately, since we are still in litigation seven years later, I can't talk a lot. I will say that we have been diligently and aggressively pushing for a real trial this whole time so that we can get a fair ruling. It looks like we will be getting that trial in Tokyo this year, pending coronavirus slowdowns. So, that's great.

Right now, all creditors including us are waiting on the trustee to make a payment plan that can be reviewed. Believe me, we would love to see one as much as any other creditor.

We have had a fair amount of interest from investors and other creditors trying to buy into the lawsuit as a way to hedge out their own risks in the bankruptcy and ideally achieve good returns. So, we may look into providing access to the suit to a broader group of investors in the future, all still TBD.

CT: As a cryptographic expert, how do you summarize the technology development of blockchain in these 10 years? After proof-of-work, different consensus mechanisms have appeared, like proof-of-stake, delegated proof-of-stake, practical Byzantine fault tolerance,, etc. What do you think of them? And are there any projects that excite you with their technology?

PV: The last project that really got me excited technically was Ethereum. Not to say we haven't seen interesting innovation since then, but it was a massive leap over Bitcoin. We just closed a blockchain fund Capital 6 Eagle with my partner in China, and I can tell you what I'm investing in:

A crazy paper last year that really got me thinking was the MAST paper out of Blockstream. They provided a way to have provable computation using only software. It's very, very slow, but the idea is profound and interesting for verifiability.

CT: You started to pay attention to smart contracts in 2014, and you set up New Alchemy in 2016. What is the main plan for you this year?

PV: I'm launching a new project that has been a secret so far, but this can be the announcement: It's a Bitcoin paper-currency project. Unlike some of the other hardware-wallet projects, we are working on having a chip embedded directly into a paper bill. We will have a series of announcements, but we are working with a major global currency producer and have an agreement with one of the best currency designers in the world to make these bills. It's just so very hard to deal with crypto, and I want to give access to regular people to have, hold and trade it.

Finally, we're working on launching a Shenzhen incubator, probably in the third quarter. So, that should be really exciting. I love the energy and pace of business in China and want to provide mentorship, capital and advice to another generation of Chinese entrepreneurs. So, that's really exciting.

CT: You are also interested in security token offerings. You said in 2018 that there would be a large circulation of STOs in the future, but they havent made much progress. What do you think about it now?

PV: On STOs: I was obviously wrong about timing, which is the same thing as being wrong. The difficulties in the last few years have been the intersection of the technology, the regulatory pace and the crash all together. Plus, early STOs offered in the U.S. were just bad offerings, poorly priced and definitely worse for the buyer than comparable publicly traded products or crypto products or both.

But I do sort of stand by my prediction, too. Over the years, I believe more and more in the idea of permissionless innovation. STOs necessarily bridge regulated and unregulated worlds, and this is a really hard space because of that interaction. But, I still do believe that we will see tokenized offerings with regulatory oversight.

CT: One time you mentioned that you feel a nostalgia about the early times when Bitcoin was purely decentralized and only was mined by personal computers. Do you think that the modern ecosystem is the right way for the industry to develop?

PV: If I could wave a wand, I would definitely do away with industrial mining. It's a very hard problem to do away with, though. I think mining is not in a stable position right now, though. There will be more innovation on business models. For instance, during the BCHBTC war, I thought it very interesting that companies like Coinbase used their user platforms to advocate for what they wanted. Why hadn't they invested in mining so that they could actually control voting on the outcome?

The answer to that question is at least partly regulatory, by the way, both for Coinbase and their investors, but it's also social; a matter of how different people think of mining. Miners have generally historically not used their influence for more than making money, or at least usually in very soft ways, and this is probably not quite what Satoshi wanted.

CT: In early 2018, you said that innovations in the industry should be measured by the question: What percent of the total innovation thats going to be done has been done? And your answer was less than 5%. Do you think we are at the same stage now?

PV: I still think we have a lot of innovation left to do, and in fact, I wouldn't say anything super material has shown up in the last two years. We're seeing infrastructure build out right now, which is good. But we need another Vitalik and Gav, or we need one of them to pull a Linus Torvalds and do Git on top of Linux.

CT: What would you say to Satoshi Nakamoto if you were to meet?

PV: What makes you think I haven't?

To Satoshi, I'd say thank you, we got the leader we needed, luckily not the leader we deserved.

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Peter Vessenes in the Focus of Cointelegraph China - Cointelegraph

Binance will launch a debit card for Bitcoin and BNB payments – Crypto News Flash

The exchange Binance has announced the release of its first crypto debit card. According to the announcement, the Binance Card is intended to improve and expand the payment options for cryptocurrency owners worldwide to strengthen the adoption. The card, issued by Visa, is expected to be accepted by more than 46 million merchants online and offline in 200 regions and territories worldwide.

As announced, the Binance Card works like a conventional debit card, but in this case it is linked to the users account at the exchange. To use it, the user only needs to top up the Binance Card with funds via the Binance Card app. The funds will be available in Bitcoin (BTC) or Binance Coin (BNB). All payments made with the card are simply debited from the balance.

Source: https://www.binance.com/en/blog/421499824684900479/Introducing-the-Binance-Card-Shop-and-Pay-With-Crypto-Anywhere-in-the-World

The Binance Card is available in virtual format during the beta phase. However, the physical version will be available soon. The exchange has declared in this regard:

Were currently releasing the Binance Card in a beta version, and we aim to make it available globally to all new and existing Binance users within the next few weeks. We will initially release the card in Malaysia, then follow with Vietnam, and add more countries as we move forward.

Users who are interested in the card can register here on the product page. Once registration is complete, the user will be notified if the Binance Card is available in their region:

All you need to do then is download the Binance Card App, log in to your Binance account or register a new one, and complete simple and secure identity verification.

Once the above process is completed, the user can pre-order their Binance Card for a one-time fee of 15 USD. Payment can be made using the Binance Card App. Through the application, users will also be able to manage their funds and expenses. Binance CEO Changpeng Zhao invited the exchange users to register for their Binance Card.

However, Binance is not the only exchange that has expanded its services in the form of a debit card. As reported by CNF, the crypto exchange Coinbase has succeeded in issuing the Satoshi Nakamoto card through its collaboration with Visa. The card allows Coinbase users to spend the funds at their disposal directly from the exchange, including Bitcoin (BTC), Ethereum (ETH), XRP and other cryptocurrencies.

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Last Updated on 27 March, 2020

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Binance will launch a debit card for Bitcoin and BNB payments - Crypto News Flash

7 movies of Bitcoin to see in quarantine – Cryptocurrency Market

The world is still in quarantine because of pandemic Coronavirus . But humanity should not, and cannot, stop. It is for this reason that in CriptoTendencia will find 7 movies of Bitcoin to see during quarantine, along with their family members, so that the situation does not stop you either. The Coronavirus continues its path relentlessly with almost 700 thousand infected and the 33,000 deaths. It is for this reason that the majority of the worlds governments have decided to apply the method of quarantine, with its various exceptions, to try to stop the spread of the Coronavirus. This leaves us with a lot of free time, many things to think about, and a lot of uncertainty, anxiety and even panic. But, we must not let the situation overcome you, and now you can use your time to see these 7 interesting films about Bitcoin, and the cryptocurrencies.

Bitcoin is still leading the way in all fields of our daily life. Not only in banking and finance, or the struggle against the centralisation with its background technology, the Blockchain. Also in the area of cinema and entertainment. Although it is true that the number of movies dealing with these topics is not so great. It is also reality that every time the interest for Bitcoin and the cryptocurrencies has been growing progressively. This has led to that we have more movies and series, following the growth of the interest. An interesting phenomenon that we can observe is that, while more old are the movies, series or documentaries, these touch on dark themes of Bitcoin and the cryptocurrencies, as their use for money laundering and buying drugs, in the so-called Silk Route. But, as we approach the present, the issues are going to play points increasingly disruptive. In this list we will try as much as possible not to let a spoiler. Without nothing more to say, lets go.

The film is directed by John Stalberg Jr. and starring Beau Knapp, Luke Hemsworth, Alexis Bledel and Kurt Russell. With a duration of over 65 minutes. Martin (Beau Knapp) is one of the bankers most promising of all of Wall Street. However, after a dispute with his bosses, the young man must travel to his hometown and work from there. In the bank of his native city is aware of several suspicious movements, discovering that the Russian mafia is using the cryptocurrencies to launder money. This tape has sparked a lot of criticism within the criptoverso. Therefore, although the title is Crypto, the criptos are not explained, and are not the important thing of the film. It is more of a role to diffuse them in all this criminal network that used the bank to launder their money. Anyway, it is a movie that everyone must see. Whether to be part of the discussions that this tape has been treated, or to observe what is the vision of Hollywood with respect to the criptos. For one reason or another this is the first film of Bitcoin to see in quarantine.

Bitcoin: the end of money as we know it is a documentary, directed by Torsten Hoffmann. Has the presence of big names in the criptoverso as Andreas M. Antonopoulos, Roger Ver and Vitalik Buterin. This documentary exposes the practices of central banks and dubious financial players that brought down the world financial crisis in 2008. Highlights the influence of the government in the process of money creation and how it causes inflation. Examines the patterns of technological innovation of money, and calls into question everything we believed to know about money. How is Bitcoin an alternative to national currencies backed by debt?, How Bitcoin will cause a revolution in the way we use money?, what is a gift to criminals? or is it the next bubble to burst?. If you still trust the money issued by your government, this is the documentary for you. This is our number 2 movie of Bitcoin to see in quarantine

This is another documentary directed by Torsten Hoffmann, five years after the number 2 in this list. The focus is again Bitcoin and aims to explore the evolution of the industry Blockchain and its new promise. Can this technology, designed to operate independently of the trust and within a decentralized network really provide a solid alternative to the Internet as we know it?. These are the questions that the director of these two documentaries.

This is a series created by Philipp Kbohrer and Matthias Murmann, directed by Arne Feldhusen and Lars Montag. Not everything can be documentary and technical information, not everything can be serious and full of reality. There is also that to have fun and forget a little bit of everything that happens in the street. In this fun series German is told from the perspective of the outcast of the high school Moritz Zimmermann. The series continues to Moritz and his friend, Lenny Sanders, who try to rekindle the love of Moritz by his ex-girlfriend Lisa Novak, through the sale of ecstasy on-line. While it begins as a small business, it quickly goes out of control and Moritz and Lenny learn to deal with the consequences of drug trafficking on a large scale. Do and guess what is one of the means that are used by these two guys germans to sell their drugs (rapidly)?. Yes, you guessed it, the cryptocurrencies. Although we see almost nothing of the world of criptos. It is interesting to see the perspective that you gave these directors the use of the cryptocurrencies on the part of these two teenagers. And of course, laugh in the process.

The short film is directed by Ansel Faraj, written and produced by Nathan Wilson and Ansel Faraj. It is the sequel of the movie GAMBLING MAN (2013). It has a duration of only 28 minutes. In addition, it is available legally on Youtube. Wesley, a drug addict in recovery, believe that you have made a wise investment in the future of your child, and if invested in cryptocurrencies. And after you have made the investment of savings for the education of your child, what, you ask, it was a good investment?. And they just dont make the investment in Bitcoin, but, in an altcoin new. Does this type of news sounds familiar?. In this short film shows how dangerous it can be to invest all of your money, and above all, in the world of cryptocurrencies, that Is why you need information, education and a page of news of confidence as CriptoTendencia. And always keep in mind do not invest what you are not willing to lose. We are already finishing the list 7 films of Bitcoin to see in quarantine.

Directed by Thomas Laine, is a series of Finnish criminal drama that premiered in 2017. The story of the film consists of four stories that intertwine as a result of the theft of Bitcoin. Janne, Mika, Maarit and Harry, are the protagonists of this unusual story. Viraali (Viral) also treats thematically the life as a viral phenomenon, the film focuses on the phenomena of viral spread through the Internet. The city of Helsinki will be the center of the series.

This short film based on real facts, directed by Mike Anzel, tells the story of 2 journalists who believe they have found the real Satoshi Nakamoto, and no, they do not refer to Craig Wright. In the research the journalists are trying to identify if Satoshi Nakamoto is a person or a group of them. In addition, they attempt to answer if the disappearance of Satoshi was due to a scheduled withdrawal, or if the people, or person, no longer with life.

We have reached the end of our list of 7 movies of Bitcoin to see in quarantine. We hope you will enjoy it, as we are doing. The important thing in all this time is to stay at home and wash our hands. Do you want more movies, series or documentaries of Bitcoin, the cryptocurrencies and technology Blockchain?. If so write in the comments and we will give you some new recommendations on this topic.

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7 movies of Bitcoin to see in quarantine - Cryptocurrency Market

The Good Weekend Quiz: March 28 – The Age

Trivia buffs: test your knowledge with this week's Good Weekend quiz.Credit:

6. Which Australian tennis player is known as the Rockhampton Rocket?

7. French nuclear tests were conducted on Fangataufa and what other atoll from 1966 to 1996?

8. Which is not a former country of the USSR: Belarus, Latvia or Poland?

9. Which was granted US statehood first: Alaska or Hawaii?

10. The Henley Royal Regatta rowing event is held annually on which river?

11. Australia beat India by how many runs in the Womens T20 World Cup final?

12. Who composed the Bridal Chorus, often known as Here Comes the Bride?

13. Which of these cured meats are made from beef: speck, pancetta or bresaola?

14. The Parthenon in Athens was built in honour of which Greek goddess?

15. The acronym ASIC stands for what?

16. What nationality was Smurfs creator Pierre Culliford, aka Peyo?

17. Satoshi Nakamoto is the pseudonym used by the creator of which digital currency?

18. Who are the hosts of the podcast Chat 10 Looks 3?

19. In what year did the USSRs Yuri Gagarin first orbit Earth?

20. Rockmelon is also known as what?

21. Who is Australias Minister for Defence?

22. What type of musical instrument is the ancient ocarina?

23. Which Spanish territory lies on Moroccos northern tip?

24. What breed is UK PM Boris Johnsons rescue dog, Dilyn?

25. Would you find layer cakes, jelly rolls and charm squares at a bakery, a quilting shop or a jewellers?

1 US President Franklin D. Roosevelt and UK PM Winston Churchill. 2 Laura Dern. 3 1770(QLD). 4 Hamlet. 5 For Your Eyes Only (1981). 6 Rod Laver. 7 Mururoa. 8 Poland. 9 Alaska (granted statehood in January 1959; Hawaii was granted statehood in August 1959). 10 River Thames, England. 11 85 runs. 12 Richard Wagner. 13 Bresaola (the other two are made from pork). 14 Athena. 15 Australian Securities and Investments Commission. 16 Belgian. 17 Bitcoin. 18 Leigh Sales, Annabel Crabb. 19 1961 (April 12). 20 Cantaloupe. 21 Linda Reynolds. 22 Wind. 23 Ceuta. 24 Jack Russell-cross. 25 A quilting shop.

Fancy yourself a quizmaster? Send us a question; we include one from a reader each week and acknowledge it here. Email: goodweekend@goodweekend.com.au: label it GW Quiz Entry. This week, Q25 was supplied by readers Phoebe Scamps and Nick Babos of Manly, NSW.

To read more from Good Weekend magazine, visit our page at The Sydney Morning Herald, The Age and Brisbane Times.

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The Good Weekend Quiz: March 28 - The Age

Satoshi Nakamoto – Bitcoin Wiki

For the unit, see satoshi (unit).

Satoshi Nakamoto is the founder of Bitcoin and initial creator of the Original Bitcoin client. He has said in a P2P foundation profile[1] that he is from Japan. Beyond that, not much else is known about him and his identity. He has been working on the Bitcoin project since 2007.[2]

His involvement in the Bitcoin project had tapered and by late 2010 it has ended. The most recent messages reportedly indicate that Satoshi is "gone for good"[3].

He left some clues about why he is doing this project with the inclusion of the following text in the Genesis block, "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".

Some interesting quotes:

Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory offreedom for several years.

Governments are good at cutting off the heads of a centrally controllednetworks like Napster, but pure P2P networks like Gnutella and Tor seem to beholding their own.[4]

His identity and nationality are unknown.

He is entirely unknown outside of Bitcoin as far as anyone can tell, and his (never used) PGP key was created just months prior to the date of the genesis block. He seems to be very familiar with the cryptography mailing list, but there are no non-Bitcoin posts from him on it. He has used an email address from an anonymous mail hosting service (vistomail) as well as one from a free webmail account (gmx.com) and sends mail when connected via Tor. Some have speculated that his entire identity was created in advance in order to protect himself or the network. Perhaps he chose the name Satoshi because it can mean "wisdom" or "reason" and Nakamoto can mean "Central source".

Ultimately the design of Bitcoin and its use of cryptographic proof and fully open implementation is one that makes its creator, in a sense, irrelevant and only of interest for historical reasons.

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Satoshi Nakamoto - Bitcoin Wiki

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

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

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 Nakamoto 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

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.

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.

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 them.

Things like:

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

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.

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.

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.

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.

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.

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:

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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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

Three People Who Were Supposedly Bitcoin Founder Satoshi …

One of the most enduring mysteries of bitcoin is that of its founder, Satoshi Nakamoto. Little is known about him. He essentially disappeared after releasing the bitcoin whitepaper.

Nakamotos importance to the bitcoin ecosystem goes beyond being a founder. He is a philosophical godhead of sorts and is frequently invoked in discussions relating to the future development of bitcoin. For example, each party in the bitcoin/bitcoin cash fork last year claimed to carry on Nakamotos original vision. The bitcoin founder also holds a large stash of his cryptocurrency worth $5.8 billion, according to a Time magazine article last year. Given that there will only be 21 million bitcoin in the future, Nakamotos holdings have the potential to significantly affect its price, if and when they are traded.

While there have been numerous efforts over the years, the search for Nakamoto has proved elusive. Several individuals have been uncovered or names proposed but none has been proven to be Nakamoto beyond doubt.

Here are three people who were supposed to be Satoshi Nakamoto.

This was, perhaps, the most high-profile revelation of bitcoins founder. Dorian Nakamoto was uncovered as Satoshi Nakamoto by Newsweek in a March 2014 article. Publication of the article caused a mini-hullabaloo in the crypto and wider tech community as this was the first time that a mainstream publication had attempted to find out the identity of bitcoins creator.

Newsweek claimed several similarities between Satoshi and Nakamoto. For example, both were supposed to have libertarian leanings and a Japanese connection. (Dorian, who graduated in physics from California Polytechnic and worked on classified defense projects, is Japanese-American). The articles author also claimed that Nakamoto told her that he was no longer involved with bitcoin and that he had turned it over to other people.

Nakamoto later denied the quote and claimed that he had misunderstood the question. He thought the Newsweek journalist was asking him about his previous work with Citibank.

The magazines biggest mistake was to publish a photograph of Nakamotos home. As several security experts pointed out, a cursory image search on the Internet easily revealed its exact location. While they did not believe that Dorian Nakamoto was bitcoins founder, the crypto community was aghast that the magazine had disclosed his details.

Still, the media circus was not without profit for Dorian Nakamoto. A fund set up for him raised 67 bitcoins. The fund was the bitcoin communitys way of saying thanks. He cashed the bitcoin last year and, according to one estimate, netted $273,000.

For the most part, individuals suspected of being Satoshi Nakamoto have denied the claim or remained silent. That has not been the case with Craig Wright, an Australian scientist. (See also: Has The Bitcoin Creator Been Found?)

Wright was introduced to the world at a Bitcoin Investors Conference in Las Vegas in 2015. When asked about his credentials, Wright claimed that he was a bit of everything and listed his degrees, including a Masters in statistics and two doctorates. He also said that he had been involved with bitcoin for a long time but he kept [his] head down. Subsequently, Wired magazine wrote a story featuring Wright, claiming strongest evidence yet of Satoshi Nakamotos true identity.

That evidence consisted of similarities in timestamps on Nakamotos blog entries and Wrights blog, leaked emails and correspondence with Wrights lawyer which referenced a P2P distributed ledger. Wright is also supposed to have provided direct proof of his involvement in one of the emails. I did my best to try and hide the fact that Ive been running bitcoin since 2009. By the end of this (a tax dispute with the Australian government), I think half the world is going to bloody know, he wrote. (See also: Craig Wright).

On the face of it, the proof seemed solid. But later articles doubted its veracity. For example, one of the articles questioned the validity of timestamps on Wrights blog. Another doubted his credentials. Slowly, but surely, evidence and facts emerged that unraveled the case for Wrights claim to being Nakamoto. Even Ethereum cofounder Vitalik Buterin, who is otherwise reticent about politics in the cryptocurrency world, came out against Wright as Satoshi.

But Wright remains unfazed by the criticism and has parlayed the media attention to carve out a prominent role within the crypto community. He is currently leading the charge to split Bitcoin Cash, a fork of bitcoin. He is also chief scientist at nChain, a startup that is building a competitor to the original bitcoin.

Nick Szabo is a computer engineer and legal scholar. He invented smart contracts and Bit Gold, a precursor to bitcoin. (See also: Bit Gold).In a postdescribing BitGold, he wrote about a protocol whereby unforgeable costly bits could be created online with minimal dependence on trusted 3rd parties. This is similar to the bitcoin concept where a series of bits created by a network of computers without a leader verify and validate transactions. Several blogs and a book author have suggested that Szabos breadth of knowledge and technical chops make him a suitable candidate for being Satoshi Nakamoto. For example, British author compared Szabos writing style with those for Nakamoto and found similarities. The timezones in which the posts were written also match as do references to economist Carl Mengers work. What for me is a humdinger: Szabo actually worked for Chaums Digicash in the 1990s. I even found his old Digicash email address, writes Frisby.

Continued here:

Three People Who Were Supposedly Bitcoin Founder Satoshi ...

Bitcoin Is Back In Free Fall And Dropping FastHeres Why – Forbes

Bitcoin has again begun moving lower, following broader financial markets down as investors count the cost of the spreading coronavirus.

The bitcoin price, which had found a temporary floor of just over $5,000 per bitcoin late last week, sunk to lows of $4,787 on the Luxembourg-based Bitstamp exchange early this morning.

Bitcoin's latest fall comes as the U.S. Federal Reserve, working with the U.K., Japan, the eurozone, Canada, and Switzerland, tried to shore up financial markets with massive stimulusbut many feel the central banks haven't gone far enough and some have warned the bitcoin price could crash even further.

Bitcoin prices had stabilized over the weekend but have now begun sliding again.

The bitcoin price surged higher when the Fed yesterday announced it would cut interest rates to a target range of 0% to 0.25% and said it would begin quantitative easing to pump $700 billion worth of cash directly into the economy.

Bitcoin briefly jumped to almost $6,000 per bitcoin before falling back almost immediatelylosing almost 10% over the last 24-hour trading period.

Elsewhere on crypto markets, other major digital tokens fell alongside bitcoin with the likes of ethereum, Ripple's XRP, litecoin and bitcoin cash all losing between 5% and 12% over the same period.

"Crypto-asset markets again seem to be mirroring the actions of the traditional markets," said Simon Peters, analyst and bitcoin expert at brokerage eToro.

"However, fear is arguably a more dominant emotion than greed at the moment, because even with this stimulus, investors are still very worried about global economies grinding to a halt due to COVID-19."

U.S. equity futures and global stocks tumbled after the Fed made its historic move, with the Dow Jones Industrial Average and S&P 500 futures each dropping to their out-of-hours trading limits of about 5% in out-of-hours trading.

"There can be no denying the Feds commitment to action but its dramatic move will initially stoke further debate as to whether the monetary medicine will work, on the economy or markets or both," said Russ Mould, investment director at stock broker AJ Bell.

Many senior figures in the bitcoin and cryptocurrency community have argued the Fed's bond-buying and interest rate cuts highlight bitcoin's superiority to traditional markets.

"The Fed just cut rates to zero and entered into QE again. Bitcoin was built for this moment," said Dan Held, U.S.-based bitcoin and crypto exchange Kraken's head of businesses development, via Twitter.

"Bitcoin is a hedge to this," cofounder of the U.S.-based Gemini bitcoin and crypto exchange, Tyler Winklevoss, said via Twitter.

The bitcoin price failed to be supported by the latest central bank measures to prop up the economy. ... [+]

"Bitcoin doesnt have a 'limit down' or 'circuit breakers' because it is a real market with a real clearing price," bitcoin and cryptocurrency expert and cofounder of the Satoshi Nakamoto Institute, Pierre Rochard, tweeted.

"Stocks and bonds are not real markets, they are Potemkin villages, their prices are highly manipulated and political."

Excerpt from:

Bitcoin Is Back In Free Fall And Dropping FastHeres Why - Forbes

Bitcoin can still be a safe haven, experts say – Decrypt

Bitcoin was born 12 years ago at the height of the last global financial panic, and was positioned as a safe haven from the machinations of centralized banks. Indeed, its inventor, Satoshi Nakamoto, posted in its genesis block a newspaper headline about the British government being poised to bailout the banks a second time.

So now would seem to be a pretty good test of Nakamotos marvelous monetary machine. Hows it doing?

If the events of the past few days are any indicator, not well at all. Cryptocurrencies including Bitcoin and Ethereum, have plummeted in line with the worlds stock markets. The industry saw a $26 billion loss in 24 hours, with nearly all cryptocurrencies experiencing double-digit losses. The meltdown in the crypto markets is every bit as bad as anything in the legacy finance world. (Well, perhaps not as bad as oil, which plummeted 27% today, after the collapse of Saudi Arabias oil-cutting alliance with Russia.

Was Satoshis whole blockchain-based vision just a mirage?

Not necessarily, say a number of economists and industry observers who spoke with Decrypt today. On the surface, the major blockchains appear to be roiled every bit as much as legacy financial markets. Yet, there may be reason for optimism. The meltdown could have been far worse, and funds will certainly start moving back into the more legitimate blockchains, as financial markets begin to stabilize, some say.

Most analysts believe that a safe haven is something investors can retreat to after the stormnot necessarily during it. When a fast-moving disaster settles in, investors try to immediately cover their short positions. That causes a nearly spontaneous hole in all markets, as investors big and small reflexively liquidate.

In times of extreme stress markets go haywire, models break, and traders are left with their instincts, Matthew Graham, CEO of investment firm Sino Global Capital told Decrypt.

But he emphasized that the expression in a crisis, all correlations go to one, popularized during the 1987 stock market crash, is open to interpretation: It is not meant to be a literal truth. Different types of assets will not necessarily move in lockstep.

Black Monday losses on major stocks, BTC is the green dot in the top right corner. (IMAGE: Reddit)

In a curious kind of way, the maturing of cryptomeaning its gradual acceptance by institutional investorshas made it vulnerable to the same forces as traditional markets.

You really can't expect it to behave in an uncorrelated fashion once "institutional money" owns it, since at that point it's just another thing to sell to raise cash,Joe Wiesenthal, business editor at Bloomberg, tweeted today. He said that correlation becomes inevitable for a time because disparate assets, some rapidly losing value, now share a common distressed owner.

Some say thats overthinking it a bit. Digital economist Paolo Tasca said that the crypto sell off was panic selling, plain and simple. No one really knows how much institutional investors had to do with it, versus Main Street retail investors.

Tasca, founder and executive director of the University College London Centre for Blockchain Technologies, pointed out that in the UK, as elsewhere, people are stocking up at the supermarkets as if preparing for a war. Rationing has been introduced, and anti-bacterial gel is selling on the black market for ten times the price.

People dont know what to do and they panic and draw liquidity from the market, he said. [Bitcoin is] anti cyclical so it should behave like a safe haven. But in this short period of hysteria, its likely that well see a lot of volatility. The volatility index is very high, he said.

Tasca also pointed out that in many cases, the fortunes of crypto companies are directly related to the same world as traditional finance markets. In other words, they are not islands unto themselves.

Ripples cryptocurrency XRP, for instance, is used in cross-border trading, and directly linked to fiat currencies. DeFi applications, which typically focus on peer-to-peer lending markets, are underpinned by stablecoins, and typically pegged to fiat currencies, such as the falling US dollar.

Not surprisingly, the funds currently deployed in DeFi smart contracts is also dropping fast, according to Mati Greenspan, founder of crypto analytics site Quantum Economics.

Total USD locked in DeFi. (IMAGE: Quantum Economics)

Its virtually certain that things will get worse before they get better. The extent of the Coronavirus is unknown, Likewise, we don't know whether, like the Spanish flu, it returns for a second, far more lethal season. For that and many other reasons, in the near term Tasca and others say that dabbling in crypto might seem as reckless as gambling with the rent money.

Hedge funds may want to reduce their exposure to the crypto market, which has higher volatility than the money market, Tasca said. In this period, they may prefer the money market rather than crypto market products."

Tej Parikh, Chief Economist, at the Institute of Directors, the UKs foremost organization for business leaders and entrepreneurs, agreed.

"The global economic shockwaves caused by the Coronavirus outbreak have jolted investors away from volatile equities, he told Decrypt. The very real, and uncertain, impacts of the pandemic on households and businesses will most likely see financiers run for traditional safe haven assets like gold and government bonds, while there will be some trepidation over how cryptocurrencies might perform, he said.

Edward Cartwright, Professor of Economics at De Montfort University, in the city of Leicester, UK doesn't believe that cryptocurrencies are a safe haven, but he told Decrypt that they may now seem less risky compared to the alternatives.

"If cryptocurrencies are seen as an asset that can insulate from the Coronavirus shock, and the almost inevitable slowdown in the world economy, then their price is going to go up," he said. "If, however, they are seen as avoidable risk at a time of uncertainty their price is going to go down. Evidence suggests that a recession makes investors less willing to take risks. So, I would not be expecting a flight to cryptocurrency. But, equally, I do not see any reason for a dramatic fall in price. "

Yet some say that once things settle down a bit, crypto could become a safe haven yet. We could be entering a transitionary period, with Bitcoin defining an asset class that behaves like a hybrid of technology stocks, and gold.

This is an insightful observation that I found true, especially during big market sell-off days when Bitcoin moves more with tech stocks then the gold-safe-haven trade, tweeted Gabor Gurbacs, CEO and digital asset strategist at VanEck/MVIS, a global asset manager.

Graham pointed out that the primary digital currencies actually fared surprisingly well this week.

In times of distress its only natural to have massive volatility, he said, noting that he was kind of pleased to see how bitcoin and ether performed in the meltdown. An unhealthy result would have been if BTC slipped below $6,000, he said.

Said Graham: With BTC and ETH still above the lows of late last year, at this point we see only a maturing asset class that is increasingly integrated with the rest of the financial world.

Even Tasca was somewhat bullish. "Generally, I think Bitcoin is still a safe haven. I dont think theres any reason to believe the contrary, he said. There is no signal that entering bear market or that the market will crash in 2020.

Volatility in the energy markets could impact the cost of mining, and, potentially, increase the concentration of mining pool capacity to keep business profitable, said Tasca. But the signs are that the evolution of Bitcoin will continue, despite some very rough times which may lie ahead.

Joseph Lubin, co-founder of Ethereum and CEO of ConsenSys, the Brooklyn-based incubator (which funds Decrypt), tended to shrug it off this week. In many ways, it was just another day in crypto.

The best way to express it: When the shit hits the fan, all correlations go to 1 or -1, Lubin said.


Bitcoin can still be a safe haven, experts say - Decrypt

The History and Symbolism Behind Bitcoin’s Logo – Bitcoin Magazine

Most of you reading this have only ever known Bitcoin by its current logo: that white, double-striped B superimposed on an orange circle.

Orange coin has become an internationally-recognizable symbol, but Bitcoin didnt come with this branding out of the box. As with almost every aspect of Bitcoin, Satoshi Nakamoto created a rudimentary logo in the protean days of the decentralized currency and the community iterated on it until this one stuck.

You truly old-school Bitcoin Maximalists will remember the evolutions in this design. And you also might recognize some of the mathematical symbolism that underpins Bitcoins logo.

For those of you who dont, heres a little history lesson and crash course on the design choice behind Bitcoins iconic emblem.

Bitcoin Core originally featured Bitcoins first-ever logo created by Satoshi: a gold coin with the initials BC inscribed on it. The nod to gold here shouldnt be overlooked (especially considering that some people think the digital gold comparison is some crazy notion cooked up by Bitcoin extremists when, in reality, Satoshi himself was thinking of Bitcoin in this way from the start).

OGs typically took to the logo well, though one or another would occasionally make suggestions to alter it on Bitcointalk. One of these suggestions involved using the Thai baht currency symbol () and designating the initials BTC as the official currency code.

The latter caught on more easily than the former. Using the Thai baht did prove to be a convenient stopgap before something else came along, though some insisted that using it would cause confusion.

But, it could have very well inspired Satoshi to add the dollar-stripes to Bitcoins design that make it so distinguishable today. On February 24, 2010, he introduced a new logo. It resembled the gold coin he had started with, but now the symbol inscribed in the middle had two vertical strokes and, unlike the Thai baht, these strokes did not cut clean through the B they only stuck out of its top and bottom and did not cross through the middle of the letter.

Reactions on Bitcointalk were mixed. Some felt it was still too similar to the baht, while others thought it was too dull.

Is this the official logo? one observer asked. I understand how difficult it can be to make something truly professional when you dont have the skills (which I dont) or the software (which I also dont) so Im not trying to be rude, but wouldnt it be better if we adopted somethingbetter? I really am not trying to be mean.

Official or not, this served as the predominant logo until the end of 2010, when a pseudonymous commentator named bitboy dropped their first message into Bitcointalk. Humbly, the user announced that they had just wanted to drop by to say hi and to share with you some of the graphics I have done.

These graphics were free to download and placed in the public domain. Bitboy utilized the B symbol Satoshi had refined but rendered it in white and placed it on a flat, bright orange circle, tilting the symbol so that it leaned to its right.

Best Bitcoin logos Ive seen so far! one user commented. This was the general consensus, evidenced by the fact that bitboys designs would become Bitcoins defacto branding for the next decade.

Indeed, the logo bitboy cooked up has become iconic. Even people who know nothing about bitcoin may recognize it as Bitcoins universal symbol. And, like the technology it represents, it was created pseudonymously without hope of profit.

One user commented in the thread about using the Thai baht as Bitcoins symbol that we should let [Bitcoins logo] evolve organically, like a word in a language, and not worry too much about it at the early stage.

November of 2010 was still a relatively early moment for bitboy to introduce what has become the official logo, but this user also got their wish: The logo did evolve organically.

And it was also imbued with its own intelligent design. Every aspect of the Bitcoin logo has mathematical rationale behind it; every corner was architected as much for practicality and form as it was for symbology and aesthetics.

These rationale are painstakingly documented (as well as the specific instructions on how to make a perfect BTC logo from scratch) in this Medium post. The author, Phil Wilson, had helped design both the second logo that Satoshi introduced in February 2010 and the orange one that we know today.

And the one we know today is riddled with symbols.

For example, the number eight pops up multiple times in the dimensions and geometry of Bitcoins design (e.g., the B is rotated clockwise 13.88 degrees more on this later). Per the internet language 1337, an eight resembles a B, which is short for Block, according to Wilson. Many of the patterns that went into creating the Bitcoin logos design, like the circles that eventually made up the B, contain the number eight. The dimensions of other shapes (like the rectangles in the design) had a length of 12.5 (or, one-eighth of 100, thus representing eight yet again).

Since eight is B, which stands for block in this symbology, each new pattern is like adding a new block to the logo. Everytime a shape is resized (as they were multiple times throughout the design process) this reflects the changing data size of each new block.

The trebuchet font thats used in the logo was inspired by the trebuchet catapult which was a favorite weapon of Wilsons in the Age of Empires computer game. By using the vertical strokes from the dollar sign in the Bitcoin design, Wilson wanted to give the impression that those lines are not actually from the Bitcoin symbol, but from the $ symbol thats been Stamped into the ground by Bitcoin an indication of Bitcoins monetary dominance.

The coin was colored orange for a practical as well as aesthetic purpose. In the words of Wilson, it had to be a color that could be printed/replicated on both websites and print media and one that would stand out against all [other currency/payment options].

The circle was chosen because, well, a coin makes sense and a circle is warm and friendly and continuous, endless, forever just like Bitcoin.

Now, for the question that most new people probably ask: Why is the B tilted to the right? Well, theres an explanation for that, too, and rather than butcher it, here it is straight from Wilsons keyboard:

14 came about by adding an infinite number of Bs together by dividing the previous value by 10. 12.5 + 1.25 + 0.125 + 0.0125 + 0.00125 + 0.000125 + 0.0000125 + 0.00000125 + 0.000000125 + 0.0000000125 + 0.00000000125 + 0.000000000125 This comes to about 13.888 repeating. When using a drawing program that rounds the rotation angle to the closest full percent, the angle becomes 14. The angle represents the blockchain progressing into the future forever.

And, finally, the logo for the internets native currency wouldnt be complete without a reference to The Hitchhikers Guide to the Galaxy. In the logo, the orange circle is scaled to 525 percent to give it a precise diameter. Why is that? Naturally, because 525% is 12.5 x 42, according to Wilson; in other words, it is one-eigth of 100 times 42, which, according to the book, is the secret to the universe.

And why is the secret to the universe included in Bitcoins design?

This technology is supposed to be the answer to the ultimate question of life, the universe, and everything, Wilson explained.

Or, put less hyperbolically: Orange coin good.


The History and Symbolism Behind Bitcoin's Logo - Bitcoin Magazine

Latest Bitcoin price and analysis (BTC to USD) – Yahoo Finance

Optimism has slowly crept back into the cryptocurrency market, albeit temporarily, with Bitcoin bouncing by 38% from the low of $3,980.

The price of Bitcoin on derivative exchanges fell to as low as $3,600, with BitMEX being forced offline for 15 minutes during a key moment in the early hours.

When BitMEX came back to life so did Bitcoin as it rallied ferociously in the following eight minutes, surging back above $5,000 before consolidating.

At the time of writing Bitcoin is trading at around $5,500, a level that is in congruence with the 200 moving average on the weekly chart.

Bitcoin has never closed a weekly candle beneath the 200 MA in its 11 year history, with it being used as a key level of support during the end of 2018 and the start of 2019.

That is why this Sundays close is so crucial, as a break below could trigger another long-term bear market with price targets beginning to emerge at around $1,800 and $1,150.

However, if Bitcoin can remain trading above that level it would indicate relative strength in a fairly bleak global economic environment.

Bitcoins reputation as a hedge to the financial system and as a safe haven was damaged tremendously by the recent decline, but if it can manage to claw itself back up as the stock market continues to stutter it will go a long way in re-establishing those beliefs.

Immediate upside price targets for Bitcoin remain at $5,900, $6,800 and $7,400 although significant volume would be needed to propel itself back above broken levels of support.

For more news, guides and cryptocurrency analysis, click here.

Current live BTC 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 January 3 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 orcryptocurrenciesin 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) - Yahoo Finance

Forced to ‘Work from Home’ due to Covid-19? Crypto Can Help – Bitcoinist

The CoVid-19 pandemic led to pressures to work from home. Despite the price crash, the crypto economy has some positive examples.

For years, the crypto space has operated as a global, interconnected network of opinion leaders and developer teams. Bitcoin (BTC) appeared and spread through a loose forum community, and to this day, no one has met its creator, Satoshi Nakamoto, in person. In the wake of the coronavirus outbreak and companies forcing their staff to stay indoors, work from home searches have suddenly exploded on Google, and remote work hashtags showed that regular business was behind the curve.

Over the years, crypto projects cropped up, tapping developer and marketing talent from across the globe. The crypto space turned out into a big work-from-home operation, where remote teams were the norm, rather than the exception.

Even in a bear market, crypto projects continue to operate, offering opportunities for passive income and community engagement.

Crypto startups have worked on use cases such as time monetization. Other projects already rode the wave, finding solutions for secure file sharing.

Whether the coronavirus pandemic will lead to more remote work is anyones guess. But the culture of distributed teams is gaining experience and technological solutions every day. All the while, BTC and other crypto coins have long ago broken the borders of payments, where banking systems still lack reach or are prohibitively expensive.

But crypto assets are not all about passive income or thinly veiled Ponzi schemes. Developer teams, if they ever worked in an office, were the first ones to be sent home and continue their productivity. For most open-source, distributed crypto projects, even the biggest ones, a remote team is the norm. Ethereum, a project that is instrumental to the crypto space, has been guided by a remote developer team.

crypto and ethereum developers working remotely

Blockchain is also, in itself, a technology for remote consensus and record-keeping. Added to the open-source ethos, the crypto space has given an example of how the knowledge economy can continue to work remotely.

Exchanges are also showing a model of working at all times, with a distributed team. The recent crypto crash was partly due to the fact that trading and transactions dont have any time limits, and are open 24/7. Trading is also possible to anyone, and although risky, has created trading opportunities despite geography. Even after the market slide, most exchanges mark significant activity.

What do you think about the latest work-from-home trend? Share your thoughts in the comments section below!

Images via Shutterstock, Twitter: @TheCashChucker, @RaistilinCrypto

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Forced to 'Work from Home' due to Covid-19? Crypto Can Help - Bitcoinist

The Race Is On To Become the World’s Digital Reserve Currency. Who Will Win? – Cryptonews

Source: iStock/cmannphoto


Keld van Schreven is the Managing Director and Co-Founder of KR1 plc, the London listed cryptocurrency and blockchain investment company.____

Central Banks are excited by Bitcoin's dramatic innovation, its blockchain technology and the potential for Central Bank Digital Currencies (CBDC). However, they are also cautious as Bitcoin has a reputation as the badlands of financial services, used by drug dealers and money launderers, not upright citizens and certainly not central bankers.

So after the Bitcoin innovation what have been the catalysts for Central Banks to act? One word. Libra. Facebooks Libra caused Central Banks to panic around the world by announcing it would launch its own digital currency. Libra could become the global default crypto with two billion people having instant access to it just by having a Facebook account. Governments around the world threw their arms up in horror. France and India immediately banned it. Libra doubled governments efforts to respond to protect their interests. China reacted to the Libra launch quickly.

Libra has introduced a concept that will impact the traditional cross-border business and payment system, said former Peoples Bank of China (PBoC) Governor Zhou Xiaochuan.

China saw Libra as an American Imperial economic invasion and responded by fast-tracking its own digital currency known as digital currency electronic payment (DCEP) system. In the early days of digital currencies, the PBoC did not outlaw assets such as Bitcoin, but rampant speculation and wild price swings led China to implement a blanket ban on trading and new initial offerings of digital currencies. PBoC created a dedicated institute to explore a CBDC. China is well suited to a CBDC as most payments are now digital through apps operated by Alipay or Tencent.

The prize to get a functioning CBDC in a nation's economy is huge. The Bank of Englands own research suggests a 3% bump to GDP if you run a Central Bank Digital Currency (CBDC), roughly the same boost to the economy as a big tax cut. The Bank of Englands recent whitepaper states there are plenty of benefits of CBDCs around interest rates, stimulus, and accountability. This is highly compelling.

Just like the Portuguese Escudo, Dutch Gulder, English Pound and U.S. dollar became global reserve currencies in their time, in paper terms, its now the turn of a digital currency to take the crown. This is the reason CBDCs are a hot topic. Whoever wins, wins big therefore justifying their Central Banks move to launch these currencies. While the Facebook founder Mark Zuckerberg was up in front of Congress explaining himself and being blocked, the Chinese were quietly rifling through the whitepaper and making plans. This tension between America and China has resulted in a classic superpower slugging match with CBDCs.

Watch the latest reports by Block TV.

Where is the rest of the world? In fact, some of the worlds major central banks are already teaming up to assess potentially developing their own digital currencies. A group has been formed in order to share experience as they assess the potential cases for central bank digital currency in their home jurisdiction'. The body will be made up of the Bank of England, the Bank of Canada, the Bank of Japan, the European Central Bank (ECB), the Riksbank, and the Swiss National Bank, along with the Bank for International Settlements. Noticeably absent from the group is the Peoples Bank of China and yes you guessed it America. The body forming is a great move. The reality is the group will move even slower than PBoC and Libra and these Central Banks may get left behind, and lose first-mover advantage.

The U.S.s Federal Reserve has so far largely distanced itself from the concept of a CBDC. In December, Treasury Secretary Steven Munchin said he and Fed Chairman Jerome Powell see no need for the U.S. to create a digital currency in the near future. Yet Powell has said the Fed is monitoring the activities of other central banks to identify potential benefits. There is further skepticism from Canada and the Netherlands The essence of the [distributed ledger technology] infrastructure is that no single party should be trusted enough, but dont we just trust a central bank to maintain the integrity of the global ledger? said Harro Boven, policy advisor in the payments policy department of the Dutch central bank. Satoshi Nakamoto, the legendary mysterious inventor of Bitcoin would say not.

In England, the debate around CBDCs intensified last year when the outgoing Bank of England Governor Mark Carney laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve with a Libra like CBDC currency. Carney felt fully justified to explore the possibilities. In Europe, the ECB policymakers have already discussed the idea of issuing their own CBDC. Christine Lagarde, the ECBs head, has long argued that central banks should consider the merits, which she believes include public goals such as financial inclusion, consumer protection, and payment privacy. In Sweden, they are moving quickly to adopt a CBDC Sveriges Riksbank, the central bank of Sweden, which recently announced a pilot for a digital krona, or e-krona and the main reason is to be ready for a cashless future.

But where does this leave Bitcoin and other non-CBDC cryptocurrencies in relation to several functioning CBDCs? Firstly, its a great endorsement for all of crypto, rubber stamping their benefits, although the paradox is that this endorses decentralization and control away from Central banks. Secondly, fully functioning CBDCs are a tide that will lift all crypto boats, many skeptics will get off the fence and invest time and money into crypto. CBDCs will create a new boom for Decentralised Finance (DeFi) services as these new CBDCs are digital and will interoperate with DeFi services, greatly increasing volumes. Bitcoin and other major cryptocurrencies are decentralized and not owned by a central organization and therefore inherently more trustworthy. Bitcoin was a response to the 2008 banking crisis and no casino bankers operate in Bitcoin.

But the ultimate question is - who would you trust, incorruptible decentralized currencies like Bitcoin, or centrally controlled and potentially co-opted Central Bank Digital Currencies?

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The Race Is On To Become the World's Digital Reserve Currency. Who Will Win? - Cryptonews