The Copyright Office yesterday, July 22nd, came out with an official statement, clarifying what does it mean “to file a copyright registration”. Basically, they confirm what others had said before, hence anyone can do it. By doing that, registration of that kind does not imply a “determination of truth”. Adding that the Copyright Office does not investigate the validity of those claims. In other words, this does not mean that Craig Wright will have the last word in proving that he is Satoshi. In fact, this is nothing more than an official form which he can use in his recent lawsuits.
“A registration represents a claim to an interest in a work protected by copyright law, not a determination of the truth of the claims therein. It is possible for multiple, adverse claims to be registered at the Copyright Office.”
Craig Wright might be subject to penalties
The Copyright Office explains that false claims might be subject to penalties. They write that when they asked Craig Wright to confirm that he is Satoshi Nakamoto, he confirmed it. How did he do it, it is not clear, but CCN says that he provided written evidence, where he plainly states that he is Satoshi Nakamoto.
“…during the examination process, the Office took note of the well-known pseudonym “Satoshi Nakamoto,” and asked the applicant to confirm that Craig Steven Wright was the author and claimant of the works being registered. Mr. Wright made that confirmation.”
However, it is not clear to what penalties might be applied, as the Copyright Office clarifies that in a case when the work is registered under a pseudonym, the Office does not investigate these claims.
“In a case in which a work is registered under a pseudonym, the Copyright Office does not investigate whether there is a provable connection between the claimant and the pseudonymous author.”
All in all, this sounds like a very tricky situation. Unless someone files another copyright claim over the Bitcoin white paper. Then they go to court and an actual investigation takes place.
Bitcoin SV pump amidst Wright’s claims
On the day when Craig Wright announced that he had filed a copyright registration, his and Calvin Ayre’s Bitcoin fork Bitcoin SV pumped almost 100%, and the price nearly doubled. BSV went from $63 to almost $120 in the matter of an hour. Was this a planned move? It seems so, because Calvin Ayre’s private news company CoinGeek published numerous bullish articles on BSV. However, being aware of the volatile market which cryptocurrency in most famous for, nothing in impossible.
Additionally, now BSV sits pretty steadily at $99 and the price and volume slowly is declining.
Craig Steven Wright along with Calvin Ayre, know how to shake the cryptocurrency ecosystem in the matter of couple hours. Let’s see how this situation will escalate.
Claims to be the author of the White Paper and the Bitcoin Code
Craig Wright has filed registrations on two copyrights. One on the Bitcoin White Paper (Bitcoin: A Peer to Peer Electronic Cash System), and the second on the Bitcoin Code itself. That means that he copyrights the original Bitcoin Code from 2009. Apparently, he also sent out press releases to some of the top news websites. The press release states:
“In the future, Wright intends to assign the copyright registrations to Bitcoin Association to hold for the benefit of the Bitcoin ecosystem. Bitcoin Association is a global industry organization for Bitcoin businesses. It supports BSV and owns the Bitcoin SV client software.”
Copyright registration does not mean the ownership of Bitcoin
Filing a copyright claim does not mean that Craig Wright will own Bitcoin as such. Neither it means that it could be interpreted as an official patent. However, the copyright process allows anyone to copyright anything. People speculate that the main intent for Wright to file a copyright on Bitcoin is because of his recent lawsuits.
The copyright office explains: “In general, registration is voluntary. Copyright exists from the moment the work is created. You will have to register, however, if you wish to bring a lawsuit for infringement of a U.S. work.”
This means that anyone can copyright anything without the official instances actually verifying it!
With all due respect to Craig Wright, this does not seem like a thing that Satoshi Nakamoto would do.
Recently we reported about the #WeAreAllHodlonaut movement in crypto Twitter. It was caused by Craig Wright, Calvin Ayre (the BSV camp) and a Twitter figure with a nickname @hodlonaut. The BSV camp was threatening hodlonaut of suing him but failed to reach out to him due to his anonymous internet personality. The whole crypto Twitter got up to their feet and showed support for Hodlonaut by changing their profile pictures and nicknames to his. But it all went down when Craig Wright’s lawyers sent legal documents to Peter McCormack, who stepped in the battle and claimed that he is the person behind @Hodlonaut’s Twitter profile. Later, CZ from Binance threatened the BCV camp of delisting their coin, if they will continue this “nonsense”. Now it has played out to reality and Binance among with other high profile exchanges are delisting Bitcoin SV.
Craig Wright’s lawyers send a legal letter to Peter McCormack
Since this is crypto Twitter, everything is being put out in the open. This wasn’t an exception and once Peter received the letter, he immediately posted it on his profile:
The letter comes from a legal firm “SCA ONTIER” which is based in London, UK. As they state in the first sentence, they act for Craig Wright. Basically, they cite all the tweets in which Peter McCormack mentions that BSV along with Craig Wright is a fraud. They call it defamation and states that these actions by Peter are causing serious harm to Craig Wright. At the end of the letter, they have put the requirements that the “client” wants:
“(1)Your assurance that you will preserve all documents, including electronic messages, draft articles, notes, and any other electronic materials, that may be relevant to this matter;
(2)Your undertaking to delete all tweets and other online or other publications in which you alleged that our client had fraudulently claimed to be Satoshi Nakamoto;
(3)Your undertaking not to repeat those allegations, whether on Twitter or in any other form;(4)Your agreement to tweet an apology to our client in the terms below;
(5)Your agreement to join in a statement in open court in which you apologize to our client and acknowledge the falsity of the allegations.”
Also, they included a pre-written text for Peter to tweet out to his followers:
Peter McCormack sends a response
Being a kind of eccentric person on Twitter, Peter of course published his response to Craig’s lawyers. In the letter, he basically copied the content of Wright’s, but changed it into his benefit. He states that he believes that Craig is not Satoshi and repeatedly calls him a fraud. Also, like Craig, he included his six requirements for Dr. Wright:
“(1)He provides evidence which he is Satoshi, not the same nonsense he has published time and time again, if not then see points 2 – 6;
(2)His undertaking to delete all online publications where he fraudulently claims that he is Satoshi Nakamoto;
(3)His undertaking to not repeat these fraudulent claims;
(4)His agreement to write an apology to everyone in Bitcoin
(5)His agreement to join in a statement to an open court in which he apologizes for and acknowledges the falsity of his claims;
(6)His agreement to stop issuing bullying letters to people and to end this pursuit of Hodlonaut, who is a legend.”
Peter also included an apology letter for Craig to publish to everyone involved in Bitcoin:
Binance delists BSV
This tweet came as a cold shower to all the BSV supporters and quite possibly to Calvin and Craig as well. Now they go on and bash Binance of not being an honest broker. Calvin rhetorically asks, what could Craig Wright know that all the BSV bashers would be so afraid of? He calls this market manipulation and a media stunt against “the real Bitcoin”. Also, that the vast majority of crypto Twitter wants to censor Craig Wright.
These Twitter threads mostly consist of Hodlonaut supporters and a few BSV followers who doesn’t seem quite happy about how this situation has escalated. Many people are saying that if Craig is Satoshi, all he needs to do, is sign a message with the private key of the Genesis block, rather than going into court and proving his position.
But instead of stepping down, Calvin Ayre continues to fight even more. Now he is threatening Binance as a company and calls it “an unregulated criminal organization”.
It looks like this is might go on for a while. To be honest, this event could go down in history as the first legal action between individuals in the crypto community.
After Binance, comes Shapeshift and possibly Kraken
Not long after Binance posted their announcement for delisting BSV, Shapeshift CEO Erik Voorhees posted on his personal Twitter account that Shapeshift will follow, and delist BSV within the next 48 hours.
Shapeshift is a crypto-to-crypto exchange where you can exchange one cryptocurrency to another. However, it is not a traditional crypto brokerage.
In addition to Shapeshift’s claims, Kraken Exchange posted a poll on their Twitter account. The poll asks if Kraken should delist BSV as well. At the time of writing, there are 72% out of 64,442 votes, that say “Yes, it’s toxic”.
Bitcoin SV price
As expected, the price of Bitcoin SV (BSV) plummeted in a matter of days, going from $80 to $56, according to Coin Market Cap. This is the lowest price BSV has seen in this year. The only time BSV saw a similar price was when the coin launched at the beginning of November 2018, and at the end of November 2018, when it reached its all-time low – $37,47. Currently, judging by Coinmarketcap.com, Binance accounts as the second and fourth largest exchange for trading BSV with a combined daily volume of $39 million. Kraken on the other hand is in the 35th, 37th, and 39thposition and accounts for approximately $3,5 million.
Bitcoin SV is the top losing asset in the TOP 100 most popular coins.
One of the most popular crypto-personalities in the cryptocurrency community Anthony Pompliano has suggested all crypto exchanges to simultaneously delist Bitcoin SV on May 1stas a sign of solidarity behind the Bitcoin community. Also, he started a hashtag #DelistBSV.
Recently the Crypto side of Twitter exploded with #WeAreAllHodlonaut and #CraigWrightIsAFraud hashtags. Popular Crypto Twitter influencers started changing their profile pics and Twitter names to Hodlonaut. At the moment, CT is looking like one person is posting everything.
How it all started?
While there isn’t one exact moment from which all this escalated, much rather, those are series of events that lead to this. @Hodlonaut has been very active on despising the legitimacy of Craig Wright’s claims of being the real Satoshi Nakamoto. He started the hashtag movement #CraigWrightIsAFraud and was very active on Twitter in spreading this. Also, Hodlonaut is the creator of the Lightning Torch which spread all around the world. With the help of his idea, Lightning Network Trust Chain has been around 56 countries in 83 days. Overall 293 passers of the Lightning Torch. Thanks to Hodlonaut, many users saw the opportunities what LN can offer.
Apparently, Craig Wright got really offended by this and started to threaten Hodlonaut for legal actions. He sent a legal letter to Hodlonaut asking for an apology or else he will sue him.
The letter consists of Wrights lawyers advising Hodlonaut to remove all the #CraigWrightIsAFraud tweets and apologize to him. Moreover, Wrights lawyers state that this hashtag movement has caused “serious harm to Wright”. While Hodlonaut has removed everything, even his profile from Twitter, Wright still insists on an apology. They even have pre-written the apology for him and it goes:
“I was wrong to allege Craig Wright fraudulently claimed to be Satoshi. I accept he is Satoshi. [I am] sorry Dr. Wright. I will not repeat this libel.”
Later, Coingeek.com, which’s owner is Calvin Ayre and also a close friend to Craig Wright did a very biased article in which they basically explain everything mentioned in the legal letter. However, the article also offers $5,000 worth of BSV to the one who can identify Hodlonaut from his pictures. Hodlonaut has never shown his face in any of his photos. However, there are a few arm tattoos that are visible. Basically, this and the fact that he is from Norway, Oslo, are the only leads.
Not only Hodlonaut, but all other Crypto Twitter users who shared the same hashtag are threatened by Calvin Ayre and Craig Wright.
A massive movement erupted
In order to help Hodlonaut and the work that he has done in the crypto environment, many popular and not so popular Twitter people stated to show support for Hodlonaut by changing their Twitter name and profile picture to Hodlonaut’s. That basically is a cat in a space suit. So if you are following all the main Bitcoin supporters, your Twitter feed looks like it’s all coming from one person. Popular crypto supporters such as Pierre Rochard, Francis Pouliot, Giacomo Zucco, The Crypto Dog and many more have done this in order to raise awareness of this situation.
Even the popular Lightning Network “graffiti wall” satoshis.place now is full of hodlonaut’s avatars and photos of Craig Wright.
CZ of Binance steps in.
Possibly the last drop in this hoax was when the CEO of Binance, Changpeng Zhao, tweeted:
This tweet caused a storm of appreciations and condemnations. First of all, many users showed respect to CZ for taking up this issue and showing a clear view of it, by stating that Craig is not Satoshi. Second, users started to doubt whether this was a good move from the CEO of the worlds largest cryptocurrency trading platform. The main concern is that, if he can do this to BSV, then this means, he can do this for any cryptocurrency on Binance. Talk about centralization.
But when speaking about a united crypto space – it almost feels like there are no BSV supporters on Twitter, or just the Bitcoin camp is massively taking over so that the BSV content just simply isn’t visible anymore. No offense to anybody, but from our Twitter feed, it looks like Calvin and Craig are two against the whole Bitcoin camp. Moreover, Bitcoin Magazine also has stepped in the party:
This article is updated on February 18th, 2019, regards the latest news on Craig Steven Wright
Ten years ago the Bitcoin white-paper, also called as “Bitcoin: A Peer-to-Peer Electronic Cash System” was first published. It was posted by an anonymous pseudonym Satoshi Nakamoto on October 31st, 2008. To this day people are still exchanging opinions on what, who or they are. Some speculate that he could be Japanese because of the Japanese-like pseudonym. Some say that he might be British because of his perfect English writing style in his posts. Also, people believe that it might be a group of people rather than just one. Nevertheless, there have been multiple people claiming that they are the real Satoshi Nakamoto, but could never back the claim. Also, many journalists have tried to find out who the mysterious creator of Bitcoin is, but all evidence is circumstantial.
There are multiple rumors who he, they or it might be, but people have speculated and investigated a lot over the mysterious Bitcoin creator. However, there are a few stories which stand out.
Who is Satoshi Nakamoto?
Craig Steven Wright
He is an Australian computer scientist and entrepreneur. In 2015 Wright publicly announced that he is the real Satoshi Nakamoto. That raised a lot of attention and subsequently his house got raided by the Australian Federal Police. After the raid, they stated that the “matter is unrelated to recent media reporting regarding the digital currency Bitcoin.”
Next, he eventually deleted his internet personality. About a year later, on May 2016, he announced on Twitter that he is indeed the real Satoshi Nakamoto and he has proof to back his allegation. The crypto crowd was so skeptical about such a statement that Wright eventually stepped back and said that he “didn’t have the courage” to reveal his identity.
An oath to testify that he created Bitcoin
Now, after some time, he is willing to testify under oath, again saying that he is the real Satoshi Nakamoto. In the statement below, he says that: “The amount of misunderstanding and fallacious information that has been propagated concerning bitcoin and any derivative system based on a blockchain (such as and including Ethereum) has resulted in my choice to start to become more public. The system I created was designed in part to end fraud as best as that can be done with any technology.”
This comes after a medium post by himself, where he explains the history behind the idea of Bitcoin. He dismisses Wikileaks and Ross Ulbricht, saying that they are criminals and, most importantly, he says that Bitcoin was never intended to be an anonymous money-transfer system. “Bitcoin was not designed as an anarchist system. It was designed to allow trade and commerce, but in the limits of the law,” he claims in his blog post.
Wikileaks fights back
Wikileaks later fired shots back at Craig S. Wright in Twitter providing a snapshot of proof that Craig Wright had altered his old 2008 blog post “to make it seem like he was working on cryptocurrency in 2008”:
On the other hand, Gavin Andresen, a chief scientist at the Bitcoin Foundation, says that Craig Wright provided cryptographic proof to only him on a brand new laptop. He demonstrated, with a private key, how he can access the very first bitcoin block. “I think that he is Satoshi,” he says in an interview back in 2016.
Proof or not?
On one side, yes ,of course, he provided proof, and it would be foolish to provide the actual key to the wider public, because of security measures. But on the other side, that’s only Gavin. That’s only one person. For as far as anybody knows, they could be in an agreement. But again – why? During the Consensus 2016 conference, Gavin Andresen was a part of panel discussion along with Vitalik Buterin. Gavin again said what he had said before, that Craig provided cryptographic proof on a laptop, that he can access the very first Bitcoin block and so on. At this point, just because he repeats it so many times, it almost seems like a made up sentence.
But then Vitalik stepped in to quickly address his thoughts on the subject:
Twitter on fire
However, the disbelief among crypto-enthusiasts again hits high, as many tweeters share their take on this.
They even share ridiculous conspiracy theories:
To tell the truth, there is so much controversy on this subject and so many sides to take. It is fair that people are confused, and don’t know who to believe. But the fact that Craig S. Wright has claimed this multiple times, can be seen in different perspectives. Bitcoin now is fully a decentralized medium and now it does not matter who created it, or for what purpose was it created. It is building it’s own future now, and the fact that Craig is or is not Satoshi, won’t change anything. But the last sentences in his blog post, most certainly does not seem like something that Satoshi would ever say: “Bitcoin started because of my ideas. It was my design, and it is my creation.
And, making certain that it cannot be subverted by criminals is and remains my duty. I was Satoshi.”
Dorian Prentice Satoshi Nakamoto
This man is a Japanese American living in California. Dorian is a physicist who, basically all his life, worked on classified projects for the U.S. Military and various significant companies. On his free time, he likes to collect train models from Britain and program. In a news article from 2014, by Newsweek, a reporter tracked down Dorian S. Nakamoto and engaged in a thrilling story which sounds staggering.
“The day I arrived at his modest, single-family home in southern California… at one point he did peer out, cracking open the door screen and making eye contact briefly. Then he shut it. That was the only time I saw him without police officers in attendance,” writes Leah McGrath Goodman in her intriguing article. His brother describes him as a very smart, intelligent, but “very focused and eclectic in his way of thinking.” His family says that for most of his life, he was preoccupied with money and secrecy – the two things Bitcoin is known for.
In his life, there are a few moments where you can draw parallels with the information known about Satoshi Nakamoto. For example, during 2011, Satoshi Nakamoto disappeared, after his partner Gaven Andersen told him that he had accepted an invitation to speak with the CIA (Central Intelligence Agency). That coincides with health issues suffered by Dorian S. Nakamoto. He was dealing with prostate cancer, and at that time he had had a stroke, explains his wife.
“He’ll deny everything”
Possibly the most exciting and intriguing quote from the article is when Leah contacted Dorians’ younger brother Arthur Nakamoto. During a phone conversation, he said: “He’s a brilliant man. I’m just a humble engineer. He’s very focused and eclectic in his way of thinking. Smart, intelligent, mathematics, engineering, computers. You name it, he can do it.” And this is where it gets suspiciously alarming. He continues in a rather advisory tone: “My brother is an asshole. What you don’t know about him is that he’s worked on classified stuff. His life was a complete blank for a while You’re not going to be able to get to him. He’ll deny everything. He’ll never admit to starting Bitcoin.” Although, many people have reviewed the writing style of the Bitcoin White-paper by Satoshi Nakamoto and denied the resemblance to Dorian.
This is yet another potential candidate who might be Satoshi Nakamoto. He has worked in a cypher-punk movement and as well as a cryptography writer. Andy Greenberg in his article, which was posted a few days after the Newsweek’s Leah McGrath Goodman article on Dorian S. Nakamoto, has done in-depth research on Hal. He found out that Hal Finney lived nearly a few blocks away from Dorian S. Nakamoto in Temple City, LA. Also, he is the second person who had used Bitcoin back in 2009.
Hal Finney was part of the first Bitcoin transaction
In the very first Bitcoin transaction, on January 11th, 2009, Satoshi Nakamoto sent 10 Bitcoins exclusively to Hal Finney. Although the fact is that Dorian S. Nakamoto has no resemblance to the Bitcoin White-paper, Andy Greenberg collected around 20,000 character samples from Hal Finneys blog posts and mailing lists and sent it for writing an analysis. The results were shocking – it turned out that the writing in “Bitcoin: A peer to peer Electronic Cash System” was surprisingly similar to Hal Finneys writing style. The researchers said that this had been the closest candidate they have analyzed over the years. In this quote in the e-mail which the chief scientist John Noecker wrote to Andy Greenberg, he says: “So, it seems to me that you may have found the real Satoshi Nakamoto.”
However, this does not prove that Hal could be the inventor of Bitcoin. First and foremost, Hal denied his engagement in the making of Bitcoin. In an e-mail he wrote to Andy, he says: “I’m flattered, but I deny categorically these allegations.”
In his article, Andy speculates on a few things. First, he thinks that judging by the fact that Hal Finney lived almost next to Dorian, he could’ve borrowed the name of Dorian – Satoshi Nakamoto, and used it as a pseudonym for his actions.
On the other hand, he thinks that Hal could’ve been a ghost-writer for Satoshi, hence the similarities between Hal’s writing and the Bitcoin white-paper. Finney also developed a proof-of-work system in the late 90’ties that closely resembles the one which is in Bitcoin. Hal Finney died on August 28, 2014, suffering from ALS (amyotrophic lateral sclerosis).
Nick is a decentralized currency enthusiast, who had worked on a similar project to Bitcoin – “Bit Gold”. By far, many people refer to him as the real Satoshi Nakamoto, as there are a lot of clues which justifies that. For example, Skye Grey, an internet researcher, found many writing style similarities between Nick Szabo’s posts and the Bitcoin White-paper. By running a reverse textual analysis, she found dozens of unique phrases. In her article, she writes: “I must stress this: an open, unbiased search of texts similar in writing to the Bitcoin white-paper over the entire Internet, identifies Nick’s bit gold articles as the best candidates.” Bitcoin itself is built on top of Bit Gold ideas, which makes this even more suspicious.
Nick edits his articles after Bitcoin launch
Another somewhat speculative evidence is that when Bitcoin came out, Nick Szabo kept quiet about it in his public comments. For someone who is deeply involved in the ideas of a decentralized currency, this seems rather odd that Nick hadn’t mentioned Bitcoin months after it came out.
After Bitcoin experienced its launch, Nick edited his previous Bit Gold articles, precisely one month after the Bitcoin white-paper got published. Again, this is just a speculation, but you cannot deny the obvious similarities. Of course, Nick has reportedly renounced his connection with Bitcoin.
Many have researched the mysterious pseudonym who created Bitcoin, and such things as the NSA (National Security Agency), the Illuminati, and even A.I. (Artificial Intelligence) revolved around consideration. Many things lead up to as why the NSA could’ve created Bitcoin. For example, the most persuasive argument is that the NSA developed the Bitcoin hashing algorithm – SHA256. Mohit Kumar, in his article for Hacker News, says: “The NSA apparently possesses groundbreaking capabilities against encrypted voice and text communication and has invested billions of dollars since 2000 to make nearly everyone’s secrets available for government consumption by cracking every encryption. But we don’t know precisely how much, maybe including Bitcoin too?” Also, they did a paper in 1997 called “How to make a mint: The cryptography of anonymous electronic cash.” This presented their ideas into making a viable cryptocurrency.
Mike Adams in his article “Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency” has even made a 10-step possible plan on how the NSA and Globalists might use Bitcoin to subordinate the society in the future.
Satoshi Nakamoto’s net worth
This is yet another mystery hidden in the “files of Bitcoin”. There are many accusations on how much Bitcoin Satoshi holds. One thing is for sure – he still hasn’t touched them. Will he ever? That is the question.
People have been researching through the first addresses in the Bitcoin network, to find a pattern and possibly link the dots to a positive outcome. The numbers vary from 1,000,000 BTC, 980,000 BTC or even as low as 66,9 BTC in the original first address in genesis block 0.
People speculate that Satoshi might have mined one million coins in the very beginning of Bitcoin. Many are arguing that the founder was the first miner, and thanks to that, he got hold of the million coins. However, others say that this is not true, as, at the time when Bitcoin first saw its daylight, there was more than one miner. Also, they justify this with the theory that “If you were Satoshi, would you start mining the instant you announced bitcoin? That would be an unfair head start, right?”
1 million Bitcoins
The one million bitcoin story has emerged from the idea that claims that every unspent coin mined in the first year of Bitcoin is Satoshis. That could not be entirely true, because the transaction history clearly shows that there were multiple miners at that time. Could they all be Satoshi? It’s not clear.
However, Sergio Demian Lerner did research on the Satoshi mining patterns in 2013. Judging by his estimates, Satoshi mined about 980k Bitcoins in the period from the genesis block to April 20, 2013. He created a graph of all the blocks from 0 to 50000, which shows that a single computer solved most of the blocks. Within these blocks, he masked all the blocks that were not in the Satoshi pattern and came up with 19600 blocks which would lead to 980k BTC. Judging by current exchange rates, that would be around $3,671,481,800. However, Sergio says that this data has a 0,1% error in value since he did the masking by hand.
More importantly, this rules out all the Hard Forks that Bitcoin has had. Bitcoin Cash, Bitcoin SV, Bitcoin Gold, Bitcoin Diamond, Super Bitcoin, Bitcoin Platinum, etc. If you take it as a fact, that Satoshi is still alive and can redeem his coins, then the approximate number is just mind-blowingly out of this space. But those are just numbers in the air.
Regardless of how many Bitcoins Satoshi owns, he has never yet touched them. People believe that he might be dead and that his treasury of Bitcoins could only be cracked some day. Will we come to that day? Also, currently the biggest Bitcoin holder is the FBI (Federal Bureau of Investigation), which seized more than 174k Bitcoins during the Silk road incident. After which Ross Ulbricht, the founder, was sentenced to jail, and the #FreeRoss movement arose. The FBI linked all these Bitcoins to Ross.
But this doesn’t clear the question on who was Satoshi Nakamoto. There are multiple figures who’s biographies could be linked to the mysterious personality, but all of them have a few “plot-holes”.
My conspiracy theory guess would be that Satoshi Nakamoto indeed was a group of multiple people working on Bitcoin. For example, the NSA developed the SHA256 algorithm, Dorian was a classified programmer, Nick was writing the White-paper, Hal shared his PoW idea, and was there to help Dorian to test and find bugs in the Bitcoin code. The NSA helped with financing and other practical things this group needed. All these figures, if connected, came up with a sophisticated plan on how to hide their work on the issue, created stories and alibis. So that the researchers, even if wanted, couldn’t find the exact truth.
They could have anticipated the massive popularity that Bitcoin could reach, and already before the time came up with multiple articles and made the core of the Bitcoin so crooked and complicated that no one could dig deep enough to find out the truth. The pseudonym itself – Satoshi Nakamoto, implies on the creator being a single person. Meaning, the researchers would search only for one person. Reading about this subject made me think that this sounds very much like a well-planned mission.
Back to Earth
Conversely, to what I stated above, two things make me stop and think about this on a deeper, more humane level.
First, why did Dorians’ brother say that? Why would he warn Leah? If Dorian S. Nakamoto has officially stated, with the help of his attorney, that he is not the creator of Bitcoin, then why does his brother say such things as “he will never admit starting Bitcoin” and hangs up the phone? That sure sounds very suspicious.
And second, why did Nick Szabo get off the grid when Bitcoin launched. He disappeared for a couple of months and did not share his thoughts on the revolution-like subject. When, in fact, he has dedicated a fair part of his life researching and developing similar ideas, hence Bit-Gold.
Despite what the theories are, the mysterious Bitcoin creator still stays anonymous. We could see more in-depth research in the future, but that all is to come.
Bitcoin Cash (BCH) is probably one of the most controversial altcoins in the market. At the moment it’s the 4th biggest cryptocurrency with a market cap of $10 billion.
Recently BCH has experienced a slight uptrend resulting in a bit more than 50% price increase. It went from $411 to almost $633 in a matter of five days. Now it’s pulling back a little, but still, the price increase is pretty significant.
That all could be because BCH is planning to hard fork on November 15th, 2018. The fork is the result of the lack of consensus between the supporters and developers of BCH. The BCH community has divided into two groups/camps. One side (Bitcoin ABC) is Roger Ver and Bitmain. On the other (Bitcoin SV) is Craig S. Wright and nChain.
Bitcoin ABC, which is headed by Amaury Sechet, published a proposal for the network changes. They are willing to improve the BCH scripting language, which would enable new features. They want to include oracles and cross-chain atomic contracts in the script. Also, canonical transaction ordering plans to be implemented, which is a “technical building block that lays the foundation for massive scaling improvements in the future.” Essentially, this means that Bitcoin ABC, Bitmain and Roger Ver wants to improve the BCH script so that it can be more programmable and flexible.
The fun starts when a week later, Craig S. Wright and nChain, which is a blockchain software development company, published a Satoshi’s Vision (SV) paper. CoinGeek supports SV.
Basically, they answered Bitcoin ABC with their own proposal, which suggests raising the block size limit from 32mb to 128mb. This proposal is called Bitcoin SV.
The third proposal.
However, there is another proposal from Bitcoin Unlimited, which is the second largest Bitcoin Cash implementation. Their proposal is called BUIP908, which combines the two propositions mentioned above, but requires miners to switch to the Bitcoin Unlimited client. You can read a more detailed technological break-down in their blog post. They explain that they tried to compromise with the two camps, but with no results. Each side of the argument believed that their proposal is best without any willingness to settle this evenly.
“I can only sadly conclude that this is again about power and ego not about technical merit and end-user adoption,” says Andrew Stone, the lead developer in Bitcoin Unlimited.
It is very rare to see a break in community’s consensus this shattered. That has resulted in a lot of confused BCH users, as the outcome of this fork is so unpredictable. There are two possible outcomes to this story. First, the BCH fork splits into two different chains, and the users receive a new token. Second, there could be no split because the second chain could lack miner support.
Major cryptocurrency exchanges such as Binance and Coinbase have confirmed support for the upcoming fork. Both of the exchanges clarify that they will be suspending BCH deposits and withdrawals couple of hours before the fork on November 15. However, Ledger Nano S has announced that they will completely discontinue the support for BCH until “there is clarity as to which fork comes out dominant.”
It is advised to keep your BCH holdings in a private wallet to ensure that your funds are safe and that you would get an equivalent amount of coins after the fork. If you keep your BCH funds within an exchange, it would be best to move those holdings to an exchange which supports the awaited fork.