Category Archives: Satoshi Nakamoto
Ohio Bitcoin thief photographed in cash-filled bathtub gets 4-year jail term – WION
A man from Ohio in the United States of America was given a four-year prison sentence after being caught on camera in a bathtub filled with dollars. He allegedly stole 713 Bitcoins froma now- seized computer device.Agents stumbled uponhis picture in a cash tub at a nightclub after the Bitcoins disappeared from the The Internal Revenue Service's (IRS)device.
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After entering a guilty plea in January, Gary Harmon, 31, was sentenced on Thursday by US District Judge Beryl Howell in Washington, DC, as reported by NewsBytes.
He also agreed according to the US Justice Department, to forfeit cryptocurrency and other assets totaling more than $20 million.
In April 2020, Harmon had copied eight Bitcoin wallets that had been kept on a device in an evidence locker at the Internal Revenue Service using his brother's login details.
The 713 Bitcoins he stole were worth $4.9 million at the time. For laundering $311 million in cryptocurrency transactions on Darknet platforms, Harmon's brother Larry was accused in February 2020.
ALSO READ |Explained | Mystery surrounding the identity of Bitcoin founder. Who is Satoshi Nakamoto?
After it disappeared from the device, a photo was found on Harmon's mobile phonewhere he was sittingin a cash-filled bathtub.
Prosecutors claim that Harmon used some money to buy an expensive condo in Cleveland and put up 68 Bitcoins as security for a $1.2 million loan.
Harmon learned that his brother had kept Bitcoins on a Trezor device, but that the authorities needed the "seed phrase" to access them.
ALSO READ |Air India's expansion takes flight: Airline set to hire over 1,000 pilots
Bitcoins can be handled by someone who has that phrase plus an additional pin.
"While the conduct was certainly illegal, it is practically no different and no more sophisticated than obtaining a key to a safe deposit box and taking the contents of that box," Harmon's lawyer said.
The prosecutors, however, refuted the assertions made by the attorney.
Due to Harmon's 21 months of "extremely harsh conditions" in custody, Harmon's attorney requested a sentence of three years.
Harmon consented to the confiscation of cryptocurrencies and other assets that were the proceeds of the theft,including more than 647.41 Bitcoin (BTC), 2.14 Ethereum (ETH), and 17,404,400.64 Dogecoin (DOGE). Because of the increase in market prices, the total value of these forfeitable properties exceeds $20 million.
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Ohio Bitcoin thief photographed in cash-filled bathtub gets 4-year jail term - WION
What is the Bitcoin Whitepaper Why It Matters – Watcher Guru
What is the Bitcoin Whitepaper and why does it matter? Today we cover what it is.
Imagine a world where financial transactions are secure, fast, and free from intermediaries. A world where you have complete control over your money and can send it to anyone, anywhere, at any time
It sounds like a utopian dream, right?
Well, guess what?
This dream has already become a reality thanks to a revolutionary invention known as Bitcoin.
Lets take a step back and understand the foundation of this digital revolution: the Bitcoin whitepaper.
In October 2008, a mysterious figure named Satoshi Nakamoto released a nine-page document titled Bitcoin: A Peer-to-Peer Electronic Cash System.
This document, now commonly known as the Bitcoin Whitepaper, laid the groundwork for creating the first-ever cryptocurrency.
To this day, the true identity of Satoshi Nakamoto remains a mystery.
However, the revolutionary ideas presented in the whitepaper have profoundly impacted the worlds of finance and technology.
The Bitcoin whitepaper birthed the first cryptocurrency and sparked the entire blockchain industry, leading to over 4,000 unique cryptocurrencies.
We will examine the whitepapers fundamental ideas, their significance in the crypto world, and their ongoing importance.
You might be wondering, What is the Bitcoin Whitepaper?
Simply put, it is a document that details the technical aspects, philosophy, and purpose behind the invention of Bitcoin.
The Bitcoin whitepaper explains how Bitcoin works through decentralization, the blockchain, cryptographic hashing, and proof of work (PoW).
Decentralization is key, as it removes the need for a central authority and instead relies on a network of nodes to validate and record transactions on the blockchain. This distributed system ensures resistance to censorship, fraud, and corruption.
The blockchain is a vital component of the Bitcoin system. It is a continuously growing ledger of transactions, grouped into blocks, and secured using cryptography.
Blocks in the blockchain contain a list of transactions and unique identifiers. Each blocks hash is linked to the previous block, creating an immutable chain.
This design provides tamper resistance, as changing a block requires changing all subsequent blocks, which is computationally infeasible.
The whitepaper also introduced Proof of Work, a consensus algorithm that uses miners to solve mathematical problems and validate transactions.
This process secures the network and ensures new coins fair and transparent distribution.
Now that you know the answer to What is the famous Bitcoin paper? lets discuss the role of whitepapers in the broader cryptocurrency industry.
A whitepaper is crucial to creating and launching any new cryptocurrency or blockchain-based project.
It is a comprehensive guide that provides potential investors, developers, and users with a clear understanding of the projects goals, technology, and roadmap.
A well-written whitepaper should cover several key aspects, including the problem the project aims to solve, the proposed solution, the technology and architecture behind it, the tokenomics (i.e., the distribution, allocation, and use of tokens), the team and their qualifications, and the projects roadmap and milestones.
By providing this information, a whitepaper helps build trust and credibility, as it demonstrates the teams commitment to transparency and allows potential investors to make informed decisions.
In the fast-paced and often volatile world of cryptocurrencies, whitepapers play a vital role in helping investors and users differentiate between legitimate projects and scams.
A poorly written or incomplete whitepaper may indicate that the project is poorly thought out or lacks the necessary resources to succeed.
On the other hand, a well-researched and professionally presented whitepaper can generate excitement and attract funding and community support, propelling the project toward success.
First, the significance of the Bitcoin whitepaper cannot be overstated.
Second, it has laid the foundation for the worlds first cryptocurrency and inspired countless innovations and new projects in the blockchain space.
The impact of the whitepaper is evident in the rapid growth and widespread adoption of cryptocurrencies and blockchain technology, which have the potential to disrupt various industries, from finance and supply chain management to healthcare and gaming.
By introducing the concept of decentralized, trustless systems, the Bitcoin whitepaper has challenged traditional financial institutions and paved the way for the rise of decentralized finance (DeFi).
As a result, DeFi platforms leverage blockchain technology to offer financial services such as lending, borrowing, and trading without the need for intermediaries like banks or payment processors.
This can increase financial inclusion, reduce fees, and empower individuals to take control of their financial lives.
Moreover, the whitepaper has inspired the development of various blockchain platforms, such as Ethereum, that enable the creation of decentralized applications (dApps) and smart contracts.
These innovations have expanded the use cases of blockchain technology beyond mere cryptocurrencies. They are opening up new possibilities for solving complex problems and driving efficiency across various sectors.
In conclusion, the Bitcoin whitepaper remains influential.
It inspires new ideas in the cryptocurrency and blockchain industries.
Its principles are relevant in todays digital world.
Understanding its technical aspects is essential to navigating cryptocurrencies and identifying promising projects.
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What is the Bitcoin Whitepaper Why It Matters - Watcher Guru
U.S. GDP growth delays the long-predicted recessionagain – Fortune
Good morning.
The most predicted recession of modern times has been delayedagain.Yesterdays GDP report showed the economy grew at an annual rate of 1.1% in the first quarterslow, but still positive.And while economists continue to see a downturn on the horizon, Ive yet to encounter a single CEO who sees signs of it in his or her own numbers.
The GDP report also showed that inflation remains significantly above the Feds target.The PCE price index, excluding volatile food and energy prices, increased 4.9%.That suggests the Fed has more work to do to get inflation under controlwhich is why so many see a recession ahead.History offers little reason to believe that inflation can be brought down to the Feds 2% target without a recession.
And since it is Friday, some feedback. Several readers offered suggestions for a new phrase to describe the existential dread so many feel about the new wave of artificial intelligence.C.O. suggested we call it the Technolypse.J.D. called it Technodread.And G.K. harkened back to2001: A Space Odyssey, suggesting we call it Hal.Meanwhile, M.C. rejected the entire exercise.The worst thing to do would be to give it a new name or catchphrase.It infantilizes itmakes it seem less frightening Lets choose to be grownups and call it what it is:Terrifying.
More news below.And speaking of A.I., be sure to read Viv Walts deep dive into Klarna, the Swedish company that helped invent the buy-now-pay-later industry and rode it to become Europes most valuable startup.More recently, rising interest rates and the specter of recession have caused the company to lose 85% of its private market value.But its founder thinks a ChatGPT plug-in may be the route to salvation.
Alan Murray@alansmurrayalan.murray@fortune.com
$10 billion richer
Metas strong Q1 sales drove company shares up 14%, an increase that added $10 billion to Mark Zuckerbergs net worth. Zuckerberg now sits 12th on Bloombergs Billionaires Index with a fortune of $87.3 billion. Bloomberg
Crypto hero
Block CEO and Twitter co-founder Jack Dorsey is funding the legal defense of Bitcoin developers being sued by Craig Wright, who falsely claims to be Satoshi Nakamoto and argues the developers are obliged to help him recover lost Bitcoin. Dorseys defense fundset up to protect Bitcoin from a wide variety of legal perilshas made him a hero for an industry under siege. Fortune
Kicked out the Club
Social media app Clubhouse is cutting over half of its staff after its pandemic-era boom went bust. Laid-off employees will receive four months of severance and get to keep their company-issued laptops. Bloomberg
One venture capital firm is putting all of its cardsand $100Mon the middle of the country by Jessica Mathews
HR leaders are getting battered by crisesand its leading to burnout and higher turnover by Amber Burton
You cant trust A.I.: Former presidential candidate Andrew Yang warns of negative impact by Peter Vanham
Bill Gates got $2 billion richer after Microsoft mentioned A.I. more than 50 times on its earnings call by Eleanor Pringle
Commentary: Is it smart to be a stupid genius like Elon Musk? by Jeffrey Sonnenfeld
This edition of CEO Daily was edited by Jackson Fordyce.
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U.S. GDP growth delays the long-predicted recessionagain - Fortune
Ethereum vs. Bitcoin: Which Cryptocurrency Is the Best Investment? – The Crypto Basic
Two of the most popular and well-known cryptocurrencies include Bitcoin and Ethereum. You may know a lot about each currency, but do you know what you should invest in?
These are both lucrative cryptocurrencies, but its important to know which one is more suitable for you.
Weve all heard of Bitcoin, as its one of the most popular cryptocurrencies around the world. Even people who dont know anything about crypto understand the value of Bitcoin.
Bitcoin is a digital currency that operates on a decentralized network known as the blockchain. It was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto.
Bitcoin has gained widespread attention over the years and is considered by many as a store of value and a means of payment.
Bitcoin news are constantly emerging, covering everything from price movements to regulatory developments. As more people and institutions adopt Bitcoin, its potential for disrupting traditional financial systems continues to grow.
Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts and decentralized applications (DApps). It was created in 2015 by Vitalik Buterin, and has since grown to become one of the most widely used blockchain platforms.
Ethereums native cryptocurrency is Ether (ETH), which is used to pay for transaction fees and to incentivize miners to maintain the network.
Ethereum news today covers a wide range of topics, including the latest price movements, new developments in the Ethereum ecosystem, and the launch of new DApps and decentralized finance (DeFi) protocols.
Experts say that Ethereum is predicted to replace Bitcoin. It was released in 2015, and its been growing increasingly popular over the years.
Ethereum is valued in ether tokens. It can help create smart contracts. Ethereum is even paramount for NFTs.
Now that you know what Bitcoin and Ethereum currencies are, lets discuss the common differences between them and how their value differs. The following factors will help you to determine which cryptocurrency is more suitable for you to invest in.
When comparing Ethereum vs. Bitcoin, both have their purposes that make this cryptocurrency of value to others. Bitcoin creates encrypted code that allows people to transfer money globally. Whereas, Ethereum is used for the payment of services and transaction fees.
Of course, one of the biggest differences between these two currencies is the price difference. Their value differs, as well as the fluctuation of their price.
As of April 2023, a bitcoin is valued at approximately $30,000, whereas the ether coin is traded for approximately $1,900.
Please note that these prices vary according to the market, but you can get a feel of how they differ in value.
Ethereum is a lot cheaper, which may be more convincing for investment because its lower risk. This means that if it does grow to its potential in the future, you can buy low now and sell for higher once its value appreciates.
One big difference of Ethereum vs. Bitcoin is the time it takes for you to add currency to the blockchain. It takes Bitcoin 10 minutes to add to the blockchain, whereas it is only around 1215 seconds for Ethereum.
Because Bitcoin is so popular, it is a lot more convenient to move around. Many establishments worldwide are more willing to accept Bitcoin as a payment option because of its credibility. Bitcoin can also be seen as less of a risk to invest in than Ethereum.
Due to Ethereum being a newer cryptocurrency on the market, its technology is more advanced than Bitcoin. You can see from its ability to add to the blockchain at a faster rate that its software is more technologically advanced.
The security of Ethereum is significantly better than that of Bitcoin, as transactions are secure and theres a reduced risk of entry for external threats.
After reading this article, you may still wonder to yourself which cryptocurrency you should invest in. Each of these cryptocurrencies has its benefits that may make it of more value to you. Its all about considering whether Bitcoin or Ethereum is more suitable or valuable to you.
Bitcoin may seem like the safer, more viable crypto to invest in, as its something everyone knows, accepts, and understands. However, there are some qualities of Ethereum that make it an underdog with lots of growth potential!
If you are really still undecided, and you dont know which crypto to choose, why not invest in both? These are both valuable cryptocurrencies that may end up being worth your while in the long run.
To learn more about cryptocurrency and the latest crypto exchange news in this industry, check out our other articles!
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Ethereum vs. Bitcoin: Which Cryptocurrency Is the Best Investment? - The Crypto Basic
Bitskwela’s Jiro Reyes on CoinGeek Backstage: Bitcoin is more than … – CoinGeek
Bitcoinis popularly known as a digital currency that could, at some point, be likened to stocks, with some even seeing it as a get rich quick scheme, a far cry from what it was originally intendedwhen Satoshi Nakamoto created it decades ago.
Bitskwela CEO Jiro Reyes admitted that what got him into Bitcoin in the first place was the money that he could potentially generate from selling, trading, and investing in digital currencies. But things changed when he started learning more about the space.
Bitcoin and everything else is not just about trading, not about investing, but everything underneath it solves different problems in our society today on a fundamental level, Reyes told CoinGeek Backstage.
Reyes eagerness to share his learnings with others, particularly the youth, led to the development of the edutech platformBitskwela, an idea that started as a passion project when he was an undergraduate student.
Bitskwela has been operating in the Philippines for about seven months since it was launched in May 2022, giving youths nationwide an opportunity to learn thebasics of Bitcoin and the technicalities surrounding it and other emerging technologies.
We also offer different other angles in the Web3 market, like marketing, social media, branding, designthings that people need to succeed in the space as a professional, Reyes said.
Bitskwela is also the platform behind the Bull or Bear program, a debate event that pushes youths to take on a different perspective on topics revolving around emerging technologies.
You wanna give people that sliced opinion on things to give them that space to create their own thoughts and knowledge on topics, Reyes pointed out.
The Bull or Bear event held in the province of La Union last March 17 was the third Web3 debate program of Bitskwela, with the first one held inTaguig Cityfollowed by the one inDavao City.
Reyes said his team is pushing to help onboard more youths as they can to support them in their Bitcoin journey, announcing another Bull or Bear debate set to be organized in the province of Cebu sometime in June. He added that while their focus for now is educating the Filipino youth, they are working toward expanding their program internationally.
Watch: Blockchain technology is more fun in the Philippines!
New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.
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Bitskwela's Jiro Reyes on CoinGeek Backstage: Bitcoin is more than ... - CoinGeek
As UX jobs become vital for crypto companies, here’s how to get hired – AltFi
SponsoredCrypto
Ready to look for a new UX opportunity and transfer your skills and expertise in an emerging sector? Aoibhinn McBride from Jobbio shares her top tips.
While the jury is still out on Mark Zuckerbergs vision for the Metaverse, mass adoption of Web3 is looking far more likely with advances in blockchain technology spurring on the next phase of the internet.
Crypto exchanges have been in existence for over a decadeBitcoin was invented in 2008 by an unknown person or persons using the pseudonym Satoshi Nakamoto which means "clear thinking, quick witted" in Japanese.
Blockchain is now also increasingly underpinning other sectors such as healthcare, real estate, smart contracts and voting systems, but there continues to be a disconnect with user interface and user experience.
One thing standing in Web3s way is complicated crypto user interfaces that are not only difficult to navigate, but inaccessible for those who are unfamiliar with blockchain jargon.
This is despite the fact, the global blockchain market was valued at 5.79bn in 2022 and is set to grow 132.30bn by 2029, exhibiting a CAGR of 56.3 per cent.
The crypto and digital asset economy is still a massive knowledge void for most of the world outside of the small percentage who participate in it full time, says Casey Wilcox, chief technology officer at Hatchfi, a crypto integration platform that securely connects users' crypto accounts to any app, like they would a bank account.
Theres no denying that a majority of newcomers to crypto and Web3 are turned off by the bad UX, many options, and potentially malicious products, he stresses.
While theres many brilliant minds behind the scenes, really smart people dont always build the greatest onboarding flows, leaving many users to feel overwhelmed and lost.
Enter UX designers who can help crypto companies bridge this gap and shape the future of Web3 by putting convenience front and centre.
UX designers have been integral to the development of Web2Glassdoor listed UX designer as one of its top 50 jobs to have in 2022, and Google considers it so important, it will lower the rank of a website if it thinks users wont have a good experience.
And the need for UX designers shows no signs of slowing down as their skills can be adapted to fit the purpose of Web3, as Wilcox explains.
Good UX developers shouldnt have much trouble translating their skills and pivoting into the crypto space. Its ripe for strong developers. The tech/principles dont really change, he confirms. But youll see more importance placed on the community and first design.
The even better news for those working in different areas is that its also possible to pivot to a career in UX if you have a background in coding.
As developers are used to working in an agile environment and reacting to feedback, they can leverage their knowledge to creatively solve user experience problems like they would frameworks and development environments.
Wilcox's additional advice to those interested in shifting their focus towards crypto? Learn about the community you are building forare they traders, NFT collectors or long-term investorsand look to the UX community for input.
Build and design with input from your community but ensure design standards are met. Feedback is everything.
Ready to look for a new UX opportunity and transfer your skills and expertise in an emerging sector? The AltFi Job Board has hundreds of opportunities across UX for product managers and developers.
UK-headquartered fintech Zilch, the world's first commerce card, is hiring a UX Researcher to champion a research-based human-centric approach to its product. The role is an amazing opportunity to learn and grow your UX research craft through strategic and hands-on work.
If youre a developer looking for an avenue into this field, S&P Software Solutions is currently seeking an innovative Senior UX Architect to oversee the design and implementation of user experience strategies for its products and services.
Elsewhere, Citi is hiring an Enterprise Architecture UX Lead to design and oversee the execution of UX products through analysis, design and feedback.
Or if you want to work with a range of different organisations, Publicis Sapient is on the hunt for a UX Design/Strategy Lead to help organisations become more digitally-enabled. In this role, you will primarily work on its Salesforce Innovation Program to create new optimisation proposals and design detailed solutions.
For thousands of other opportunities in UX, browse the AltFi Job Board to find your perfect role
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As UX jobs become vital for crypto companies, here's how to get hired - AltFi
Has ChatGPT Finally Revealed the Identity of Satoshi Nakamoto? – BeInCrypto
ChatGPT claims to have cracked the greatest mystery in the crypto. According to the AI software, it knows the true identity of Satoshi Nakamoto, the creator of Bitcoin.
The chatbot has made forecasts full of statistics to give us its list of Satoshi Nakamoto candidates, accompanying each one with with a statistical probability.
According to ChatGPT, Nick Szabo is the most likely person to be behind Bitcoin. He wins with 30%. Hal Finney and Craig Wright are in second and third place, with 20% and 10% probabilities respectively. Note that there is also a 30% chance that the creator is in fact a group of several creators.
Nick Szabo is the most credible candidate for the chatbot, since he is both a cryptographer and a computer researcher.But still, he is one of the few people to have worked on similar projects to Bitcoin.
While these are popular names that have emerged several times, Elon MuskandSteve Jobsare often believed to have been involved in crypto. However, ChatGPT could find no direct evidence.
Finally, there would is also a 40% probability that Satoshi Nakamoto is of Asian origin. This should come as no surprise as the name has Japanese connotations.
When you think of Satoshi Nakamoto, a second question often comes to mind. Does this pseudonym refer to one very competent person, or group of individuals? Indeed,some consider that several computer scientists are hiding behind the pseudonym of the creator of Bitcoin.This is largely due to the complexity of the code, considered too difficult for a single person.
Thus, ChatGPT thinks rather that a single person would hide behind the pseudonym.
First, in the Bitcoin white paper published in 2008 by Satoshi Nakamoto, the pronoun I is used many times. Unless this is meant to be deliberately misleading, it would suggest that only one individual would be behind cryptocurrency.
But again, each time someone was designated as a potential creator of the BTC, at no time was a group of people suspected. Especially since Satoshi Nakamoto refers to a single name, without any collective affiliation.
Finally, some of the other personalities who were considered potential candidates to be Satoshi Nakamoto, like Nick Szabo and Hal Finney, are individuals rather than groups, claims ChatGPT.
Finally, the AI reminds us again of the probabilities. ChatGPT is 60% certain therefore that Satoshi Nakamoto would be an I and not an us.
However, despite the help of AI, the mystery remains. A heavy veil still weighs on the origin of the creator of the largest cryptocurrency in terms of market capitalization.
At this rate, were not sure that the mystery will ever be revealed. Even for the language model, it is difficult to provide more than guesswork as answers.
Moral of the story: Satoshi Nakamoto knew how to keep his anonymity even in the eyes of ChatGPT !
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
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Has ChatGPT Finally Revealed the Identity of Satoshi Nakamoto? - BeInCrypto
The Elusive Satoshi Nakamoto: Last Emails Reveal Bitcoin Creator’s Thoughts Before Disappearing Over a Decade … – Bitcoin News
Twelve years ago, on this very day of April 23, 2011, a cryptic individual, known only as Satoshi Nakamoto, penned one of the final correspondences to software developer Mike Hearn. The elusive mastermind behind Bitcoin conveyed in the message that he, she, or they had moved on to other things and confidently asserted that the project was entrusted in good hands.
Following the creation of Bitcoin and the initial implementation of the technology, the enigmatic Satoshi Nakamoto vanished from the public eye in December of 2010. The last public message from the elusive innovator was issued on December 12th of that year, in which Nakamoto underscored that theres more work to do on [denial-of-service] DoS. Subsequently, Nakamoto corresponded with a few of the developers behind Bitcoin, including Mike Hearn and Gavin Andresen.
Hearn received an email from Nakamoto on April 23rd, 2011, titled Holding coins in an unspendable state for a rolling time window, in which he inquired about the possibility of Nakamotos return to the Bitcoin community. However, Nakamoto asserted that he, she, or they had moved on to other things, confidently stating that the project was in good hands with Gavin and everyone. The Bitcoin creator also expressed hope for the continued development of Bitcoinj, Mike Hearns Java version of Bitcoin, as it gives Java devs something to work on.
A few days later, Andresen received an email from Nakamoto, in which the pseudonymous innovator expressed frustration with the negative portrayal he received in the press. I wish you wouldnt keep talking about me as a mysterious shadowy figure, wrote Nakamoto. The press just turns that into a pirate currency angle. Maybe instead make it about the open-source project and give more credit to your dev contributors; it helps motivate them. This email is widely considered to be the last known communication from Bitcoins enigmatic creator to anyone.
There was speculation on March 7th, 2014, when an article in Newsweek claimed that the creator of Bitcoin was a 64-year-old Japanese-American named Dorian Nakamoto. However, a message purportedly authored by Nakamoto appeared on the P2P Foundations online forum stating, I am not Dorian Nakamoto. Since then, no additional messages from the elusive Bitcoin creator have surfaced, and the emails to Hearn and Andresen remain a poignant reminder of Nakamotos decade-long absence from public view.
What do you think happened to Satoshi Nakamoto? Share your thoughts and theories in the comments below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Bitcoin creator mystery continues: Dorian Nakamoto speaks out, unveils government contracting past – CryptoSlate
Dorian Nakamoto denied involvement with Bitcoins development.
In a video shared by @CryptoNewsYes, Dorian Nakamoto clarified that he had nothing to do with building Bitcoin (BTC) stating that he was just an engineer doing something else.
The main reason Im here is to clear my name; that I have nothing to do with Bitcoin, nothing to do with developing.
Furthermore, he revealed that during the early development of Bitcoin in 2001, he was working as a government contractor he did not state the nature of this role.
When presented with copies of messages presumably from the Bitcointalk.org forum in which Satoshi Nakamoto communicated development progress Dorian Nakamoto said, I never communicated with Bitcoins adding that in 2010, when the messages were dated from, I was at home.
The identity of Bitcoin creator Satoshi Nakamoto is shrouded in mystery.
The Bitcoin community has put forward several likely candidates, including the late Hal Finney a cryptographer who was extensively involved in the development of Bitcoin. Finney was the first recipient of a BTC transfer, and some speculate that he sent those first Bitcoins to himself.
Programmer Nick Szabo is another popular choice. Szabo had already developed a decentralized, proof-of-work virtual currency called Bit gold, publishing its paper in 1998 more than a decade before Bitcoin rolled out.
More recently, with the discovery of the Bitcoin whitepaper embedded in every Mac operating system from Catalina onwards, there has been renewed speculation connecting Steve Jobs to Satoshi Nakamoto.
However, the individual or group that created Bitcoin is widely considered technically competent at coding and cryptography which Jobs was not.
Apple co-founder Steven Wozniak said Jobs never coded but was proficient enough at it to alter and change and add to other designs occasionally. Wozniak describes Jobs more as a visionary.
Steve didnt ever code. He wasnt an engineer and he didnt do any original design.
Public information on Dorian Nakamoto described him as an American-Japanese physicist who had adopted libertarian views after being fired from jobs multiple times.
Since being outed by Newsweek in 2014, Dorian has consistently denied being Satoshi Nakamoto saying the connection has caused him and his family frequent stress.
I did not create, invent or otherwise work on Bitcoin. I unconditionally deny the Newsweek report.
In a coincidental twist, at one point, Dorian lived close to Finney in Temple City, California.
Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.
Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
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Unraveling the enigma of Satoshi Nakamoto, was he Steve Jobs? maybe not – Hindustan Times
Twelve years ago, on April 23, 2011, the world of cryptocurrency witnessed a cryptic milestone when Satoshi Nakamoto, the elusive mastermind behind Bitcoin, penned one of the final correspondences to software developer Mike Hearn. The mysterious individual, who never revealed his real identity to the world, stated that he had "moved on to other things" and asserted that the project (Bitcoin) was in "good hands." Since then, Nakamoto's identity has been the subject of much speculation.
In December 2010, after the creation and initial implementation of Bitcoin, Satoshi Nakamoto vanished from the public eye. The last public message from this innovator was issued on December 12th, in which Nakamoto emphasized the need to work on denial-of-service (DoS) protection.
According to Bitcoin.com, on April 23rd, 2011, Hearn received an email from Nakamoto in which he maintained that they had "moved on to other things" and expressed confidence in the project being in "good hands with Gavin and everyone." Nakamoto also expressed hope for the continued development of Bitcoinj, Mike Hearn's Java version of Bitcoin, as it would provide Java developers with a project to work on. The email was titled, "Holding coins in an unspendable state for a rolling time window."
Bitcoin.com then unveils another email from Nakamoto, "I wish you wouldn't keep talking about me as a mysterious shadowy figure," and urged Andresen to focus on the open-source project and give more credit to the dev contributors, as it would help motivate them.
In March 2014, a Newsweek article claimed that creator of Bitcoin was a 64-year-old Japanese-American named Dorian Nakamoto. As a response message allegedly authored by Satoshi Nakamoto appeared on the P2P Foundation's online forum, stating, "I am not Dorian Nakamoto."
Years later technologist Andy Baio, in his blogpost claimed, to have stumbled upon a copy of Satoshi Nakamoto's Bitcoin white paper on his Mac computer which may have revealed his true identity. Since then several theories have been floating whether the man behind world's biggest cryptocurrency was none other than Apple co-founder Steve Jobs.
Baio's discovery sparked fresh speculation that Nakamoto could have been Steve Jobs. "Was Steve Jobs actually Satoshi Nakamoto, the creator of #bitcoin?" tweeted Lark Davis, a Bitcoin investor and blogger with 1.1 million followers. "Plus, Satoshi disappeared in December 2010, and then Jobs passed in October 2011. The timelines fit..."
There is no concrete evidence linking Jobs to the creation of Bitcoin, and the appearance of the Bitcoin white paper on Mac computers seven years after Jobs' death makes it difficult to draw a direct connection.
While the timelines of Nakamoto's disappearance and Jobs' passing do overlap, correlation does not necessarily imply causation. It's essential to consider that many individuals in the tech industry have been speculated to be Nakamoto, but none have been definitively confirmed. The identity of Satoshi Nakamoto remains one of the most intriguing mysteries in the world of cryptocurrency.
The debate over Nakamoto's identity continues, with some users agreeing with the theory, while others remain skeptical. As the enigma of Satoshi Nakamoto deepens, fans are left to wonder whether the mastermind behind Bitcoin was truly the late Apple co-founder, Steve Jobs. Regardless of the outcome, the mystery surrounding Nakamoto adds an intriguing layer to the already captivating world of cryptocurrency.
Vertika Kanaujia is Editor Audience Growth at Hindustan Times and oversees the websites coverage of business news, health, technology and internet culture. She is a Chevening Scholar and a Columbia Journalism University Fellow. Vertika has been a journalist for more than 18 years. After starting her career as a business journalist in TV she has worked with various leading news channels. You can email her at vertika.kanaujia@htdigital.in....view detail
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Unraveling the enigma of Satoshi Nakamoto, was he Steve Jobs? maybe not - Hindustan Times