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bitcoin_s_big_mystery_who_created_the_virtual_currency_system [2018/04/21 03:27] (current)
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 +====== Why Bitcoin Might Be Niave? ======
  
 +  - In a Bitcoin accepted world, the richest Bitcoiners will be the governments.
 +  - The governments have enough resource to create quantum computers and re-regulate the amount of bitcoin in the system on a global scale.
 +  - The more you run around trying to get Bitcoin, the more value you create for the biggest Bitcoiners. That is they only need to keep their coin and will become more valuable. Eliminating the issues they have today with investment, bonds, gold etc.
 +  - Bitcoin achieves much of what the banking elites want to achieve in a currency while being promoted as liberation.
 +  - In a Bitcoin dominated world, their will be no way out.
 +
 +====== Bitcoin'​s big mystery who created the virtual currency system? ======
 +
 +By Shawn Knight
 +On May 20, 2013, 8:30 AM
 +
 +//​**Avoiding U.S whichhunts "​freedom hunts"​**//​
 +
 +  * [[http://​www.ganino.com/​files/​fbi-bitcoin.pdf|Bitcoin FBI Intelligence Assessment - Virtual Currency: Unique Features Present Distinct Challenges for Deterring Illicit Activity]]
 +
 +ooh people are doing illegal things with Bitcoin and that's why bitcoin needs to be destroyed. Gimme a break FBI.
 +
 +It’s no secret that Bitcoin comes with its fair share of controversy but what most people don’t realize is, it’s also shrouded in a veil of mystery. That’s because, even five years after its launch, nobody knows who came up with the original idea for the virtual currency system.
 +
 +It’s an interesting story when you consider that even developers have no idea who created it. All that’s known about the person behind it is that he goes by the pseudonym Satoshi Nakamoto. That is, until now. Computer visionary Ted Nelson believes he now knows who started Bitcoin – a math professor at Kyoto University named Shinichi Mochizuki.
 +
 +Naturally, Nelson didn’t offer up a ton of evidence when he announced the discovery on YouTube. In trying to determine the person’s identity, Nelson said he asked himself what Sherlock Holmes would have done. He did say, however, that Mochizuki was a brilliant mathematician. What’s more, he has a history that seems to fit the behavior of Nakamoto.
 +
 +Nelson also used the opportunity to praise Bitcoin. He noted that most people call it a virtual currency but in his opinion, it’s electronic gold. That’s because like gold, Bitcoin has no central authority and like gold, Bitcoin is brilliant, he said.
 +
 +The secretive Nakamoto sent a letter to a developer in April 2011 indicating that he had moved on to other projects. A number of publications including the New Yorker attempted to uncover Nakamoto’s true identity that same year to no avail.
 +
 +We've been covering Bitcoin news for a while now, but in case you haven'​t got a complete grasp of how it works (can't blame you), here's an infographic that puts some basic elements together about the virtual currency:{{
 +
 +{{bitcoin-infographic.jpg|Bitcoin}}
 +
 +====== DR CRAIG WRIGHT OUTS HIMSELF AS BITCOIN CREATOR SATOSHI NAKAMOTO ======
 +
 +gq-magazine.co.uk
 +
 +It’s a mystery that has confounded the technological and financial worlds for years – who is Satoshi Nakamoto, the secretive creator of controversial online currency bitcoin?
 +
 +On a blog-post published this morning, at the address www.drcraigwright.net,​ Australian cryptocurrency expert Dr Craig Wright outed himself as Satoshi, the creator of the “blockchain”,​ the shared online ledger upon which bitcoin works, and which records all bitcoin transactions.
 +
 +In it, Dr Wright says he will prove beyond all doubt he is the mysterious Satoshi – an individual that in-depth investigations from the likes of Wired, Newsweek and The New Yorker have all failed to conclusively uncover – by “signing” an early bitcoin address, something many experts say would prove he is the creator.
 +
 +A spokesman for Dr Wright said: “Dr Wright will be signing messages on his blog … they will be signed with the key associated with Block 9, the only key definitively known to be associated with the Satoshi pseudonym, that used to send Bitcoin to Hal Finney, one of its earliest pioneers and its first identified developer after Satoshi Nakamoto, in 2009.”
 +
 +If his claim stands up to scrutiny – something sure to be picked over by many experts in the coming days – it would confirm him both as the creator of the first genuinely successful stateless currency (a single bitcoin is currently worth over £300, and reached as much as £850 in 2013), and a remarkably rich individual indeed.
 +
 +The real Satoshi Nakamoto is widely regarded to be the owner of a vast swathe of early bitcoins – known never to have been cashed in because they have never moved in the online ledger – that at today’s bitcoin values would be worth many hundreds of millions of pounds.
 +
 +His revealing would also, however, potentially put him in danger of prosecution.
 +
 +Bitcoin began in early 2009, but by 2011 had garnered a reputation as the currency of choice for the illicit purchase of drugs and arms via the Silk Road – a secretive “dark web” marketplace which has since been raided – due to the relative anonymity of bitcoin transactions compared to traditional bank transfers.
 +
 +Dr Wright is the individual that Wired magazine named as the mostly likely to be Satoshi in their December 2015 investigation,​ yet days later rowed back on their claims after it appeared some documentation that had been leaked to them had been electronically tampered with.
 +
 +They came, however, to the following conclusion: “Either Wright invented bitcoin, or he’s a brilliant hoaxer who very badly wants us to believe he did”.
 +
 +Via Mr Wright’s representatives,​ GQ’s Senior Commissioning Editor Stuart McGurk was afforded a remarkably rare and candid interview with Dr Wright to verify his claims: an encounter that was also occasionally fractious and incredibly heated.
 +
 +“Look, I’m doing this, then I’m disappearing,​” he said at one point. “I’m not doing this to try and get in the media. This will never happen again. You’ve got this one thing. If you don’t like it, fuck off.”
 +
 +The interview will appear in a forthcoming issue of GQ.
bitcoin_s_big_mystery_who_created_the_virtual_currency_system.txt · Last modified: 2018/04/21 03:27 (external edit)