Ripple’s XRP Network Might Be Prone to Suffer Similar Outage As Stellar Lumens

Ripple’s XRP Network Might Be Prone to Suffer Similar Outage As Stellar Lumens

                               

 

On May 14th, the Stellar network went down.

The problem was caused by some of the validators of the Stellar Development Foundation going down. The incident caused many in the cryptocurrency space to question the level of decentralization of the Stellar network. In a blog post, Stellar promptly responded to the outage and the “over-centralized”

critiques of the network.

“We’ve seen claims that Stellar is “over-centralized” and that somehow a failure with SDF’s nodes dragged down the whole network. Ironically, the opposite is true. Stellar has added many new nodes recently. In retrospect, some new nodes took on too much consensus responsibility too soon. We need better community standards around maintenance timings, quorumset building, and validator configuration.”

Ripple CTO David Schwartz was impressed by the way Stellar handled the situation. He laid out his thoughts on the matter in a Twitter thread. Schwartz broke down the issue and explained that similar problems could possibly arise on

the Ripple network.

“The same thing can happen on the XRPL. If too many validators are missing, the network will halt because there’s no way to be sure that they’re not validating other ledgers and you just can’t see them due to a network issue. “PoW system make forward progress even where forward progress is unsafe. XRPL and Stellar do not make forward progress under potentially unsafe conditions.”

Schwartz went on to breakdown how the Stellar protocol actually worked as intended. The temporary shutdown is actually a better result than the chaos that could ensue. An accidental hard fork could occur if the consensus protocol fails. Schwartz’s explanation caused a lot of hardcore Ripple fans to take a step back to look at the bigger picture. Many even admitted to and expressed remorse for their knee-jerk reactions and trollish responses. Ultimately, to avoid this particular issue, more validators are needed. This means that more users and validators are needed. And as the cryptocurrency community strengthens and the number of participants grows, security and efficiency go up.

Article Produced By
Stephen Brown

Cryptocurrency enthusiast and Expert in content creation and planning, project management, process improvement, media operations, and staff training. BA in Political Science from Brooklyn College. Contact: stephenbrown [at] zycrypto.com
 
 

Roger Ver Debunks Craig Wright’s Claims that He Owns Some of the First BTC Adresses

Roger Ver Debunks Craig Wright’s Claims that He Owns Some of the First BTC Adresses

                                  

Satoshi Craig Wright sued Bitcoin Cash figurehead,

and former business partner, Roger Ver for libel after being called a “fraud and a liar.” Ver responded by seemingly debunking Wright’s claim that he controlled several high-profile Bitcoin addresses. For two weeks we thought that tensions between Satoshi Wannabe Craig Wright and the rest of the planet had been quieted down. However, seems that poor Wright needed money to pay out Calvin Ayre’s sun tan he is getting in Antigua so he decided to show up again. Well, at least he stays consistent. Just to remind you, Ver got served a lawsuit by Wright at a Bitcoin Cash summit two weeks ago. He was sued for calling Wright a scammer and a liar in a video which has been removed as it goes against set rules by the YouTube community. However, Ver has now released a copy of the video on Twitter. We had a chance to ask him to comment on this whole situation even before he got served.

He said:

“I think Craig Wright cut his own side. He is always on his own side and if his side, maybe for the moment or for the day lines with someone else’s, he may join someone’s side just for the day but as far as I can tell – he is on his own side.

Bitcoin cash is community that wants to build P2P cash for the people around world to use and we want everybody to be able to benefit from that. I know he is suing everybody with different opinion than his. They said they’re suing me but they didn’t serve me yet. But I am sure he wants to sue me.”

However, it seems that Roger finally got sick of it (like every normal person would) and he decided to strike back. Ver responded to the lawsuit by seemingly debunking Wright’s claim that he controlled several high-profile Bitcoin addresses, which would have suggested that Wright is Satoshi Nakamoto. The addresses, which were described as a “lazy copy-paste job,” was supposed to prove that Wright owns some of the first Bitcoin addresses ever created. Ver decided to debunk his claims by using one of the listed addresses to create a signed message. Crypto enthusiasts and avid followers of the Wright soap opera were quick to verify the signature, which did indeed show that the address was not owned by Wright.

Satoshi, Solotoshi – Is There Any Difference?

In the meantime, a few days ago, we could hear another, yet not mentioned name to stand behind the Satoshi suffix. Satoshi Nakamoto person, or whatever that is, has not been seen online in more than eight years. Evidence has now surfaced that points to a new Satoshi candidate, whose known life has a number of parallels with that of Bitcoin’s inventor. His name is Paul Solotoshi Calder Le Roux and, if he would actually be the real Satoshi, he would have had a good reason why his 1 million BTC hasn’t moved – the Rhodesian has been in jail since 2012. Even if Le Roux did create Bitcoin, it does not follow that money laundering was his goal: it would likelier have been an extension of his obsession with cryptography, which can be traced back to the 90s.

If it’s to believe what Wikipedia says, he was a brilliant programmer and privacy ideologue who worked on E4M (Encryption for the Masses), software which “is capable of encrypting entire disks, and optionally of plausible deniability (denying the existence of an encrypted volume).” However, not to be boring, presidential candidate and software developer, John McAfee had to have his tweet: Even though McAfee vowed to reveal the identity of the anonymous Bitcoin creator known as Satoshi Nakamoto, he later backed out, saying lawyers warned him it could complicate his plan to fight extradition to the U.S. from the Bahamas. However, when asked about this, a Justice Department spokesman in Washington said that he had no information.

Adam Back: Satoshi is An Individual

Last but not least comes from Blockstream CEO Adam Back who claims that Satoshi is an individual, not a group of people. Black may be important because he is the person who was actually cited in THE Bitcoin’s white paper. According to Back, this explains why the real identity of the person who started it all hasn’t been revealed yet. It’s hard to keep secrets when a group of individuals is involved.

He said:

“It just seems like something one person would do to me.”

Article Produced By
Teuta Franjkovic

Experienced creative professional focusing on financial and political analysis, editing daily newspapers and news sites, economical and political journalism, consulting, PR and Marketing. Teuta’s passion is to create new opportunities and bring people together.

https://www.coinspeaker.com/roger-ver-debunking-craig-wright/

Was This The Trigger For Bitcoin’s Dump? 3600 BTC Huge Sell-Off Order On BitStamp

Was This The Trigger For Bitcoin’s Dump? 3600 BTC Huge Sell-Off Order On BitStamp

                                

Cryptocurrencies today are down by as much as 15% in a crash

that could be fueled by a ‘whale’ selling over 3,600 BTC on Bitstamp. All the major cryptocurrencies are down at the moment, with Stellar (XLM) being the biggest loser with an almost 15% decrease (24 hours). Coin prices started to fall around 2:49 AM (UTC). During this time, BTC price dropped from $7,749 down to $7,179 in less than 30 minutes with Bitcoin’s 24-hour decline being 8.7%. Binance Coin (BNB) was the luckiest, surviving the crash with a drop of less than 6% while Ethereum experienced moderate (7.70%) and Ripple severe (12.44%) losses.

Major BTC dump in the background

At 3:02 AM (UTC), data shows a massive 3,645 BTC sell order on Bitstamp worth $26 million at that time. While there can be more reasons, it is possible that the Bitstamp sell-off triggered massive dumps across all BTC markets as Bitcoin was falling sharply. “This last drop was likely caused by a combination of profit-taking and also algorithmic trading compounding the sudden fall. We can expect these types of steep rises and drops to continue for some time until institutional investors grow market volume,” Kenetic Capital co-founder Jehan Chu said to CNBC.

The BTC long squeeze

Yesterday, CryptoPotato reported that the number of BTC shorts on Bitfinex had decreased significantly by 40% while Bitcoin long positions remained relatively steady (only dropping by 4%). This event created the settings for a long squeeze, which could have commenced by now. A long squeeze can happen when the number of open shorts is low, while open longs are high.

During a long squeeze, the price of an asset suddenly drops inciting further selling. Basically, the same has happened with Bitcoin experiencing a considerable price drop of $600 within less than 30 minutes. While the number of BTC shorts on Bitfinex remained steady since yesterday’s article, BTC longs have started to drop the same time as the coin’s price crash and continued to fall by a total of over 10%, which is a very rare occasion.

Article Produced By
Benjamin Vitáris

Ben is a crypto journalist and copywriter who has a great passion for blockchain technology. He believes that decentralization empowers people to take charge of their lives, and gives back what we desired for a long time: financial freedom.

https://cryptopotato.com/was-this-the-trigger-for-bitcoins-dump-3600-btc-huge-sell-off-order-on-bitstamp/

Bitcoin BTC Plunges Below 7500 Is This A Chance For The Bulls To Re-accumulate?

Bitcoin (BTC) Plunges Below $7,500, Is This A Chance For The Bulls To Re-accumulate?

                                

 

After a fruitful couple of days for the market,

the dreaded pullback has finally hit. In the last couple of hours, the market has been hit hard by the bears and has since seen a significant drop in prices. Bitcoin has dropped from highs of $8,000 and at the time of press has slipped further below the $7,500 mark to $7,281. This has marked a drop of more than 8% from the last 24 hours. Over the last 24 hours, the market leader has dropped as low as $7,100 before finally finding support and bouncing back again. For now, remaining above the $7,000 support position is crucial. Despite this significant drop, the coin remains bullish with the recent drop a mere pullback after a dramatic surge in the last couple of days.

What Triggered The Freefall?

According to reports, the plummet comes in the wake of several thousand bitcoin sell orders on crypto exchange Bitstamp. For analyst and product developer at Gnosis, Eric Conner, this is exactly the reason that triggered the sell-off.

He stated:

“For reference, someone put a 5,000 BTC sell on Bitstamp, which BitMEX uses for 50% of its feed and it appears to have tripped some algorithms which made a cascade on BitMEX,”

While the sell is usual in the market, many traders and enthusiasts were hoping that given the market is on a positive trend, there would be a quick buy-back, keeping prices up. This was not the case and the delay could have seen prices drip. However, the recent plummet might just have given market bulls a chance to reaccumulate and make another dashing move over the next couple of days. With the bottom in and the only way now for prices looking like up, this dip could be the chance for those looking to accumulate or re-accumulate to buy before the market can regain momentum and forge ahead in its previous trend. If this is the case, the next momentum should see prices breach the $10K position.

Altcoins Also Taking A Dip

Altcoins have also in the last couple of hours been taking a beating following in the trend of Bitcoin. In the last couple of hours, losses among top altcoins have spanned from 5% to 15%. From Ethereum and XRP, two of the largest altcoins, they have dropped by 12% and 11% respectively at the time of press. The total market value now stands at a little over $228 billion.

Article Produced By
John Kiguru

John is an exceptional writer with a liking on technology, finance and the intersection of the two. A firm believer in the transformative potential of cryptocurrencies and the blockchain,. When he is not writing, he likes to listen to Nas, Eminem, and The Beatles. Contact: john.kiguru [at] zycrypto.com

https://zycrypto.com/bitcoin-btc-plunges-below-7500-is-this-a-chance-for-the-bulls-to-re-accumulate/

Bitcoin Has Reached Adulthood Now No Wonder It Rallied Past 8k Says

 Bitcoin Has Reached Adulthood Now, No Wonder It Rallied Past $8k, Says…
                                 

Bitcoin’maturation as an asset is the foremost underlying factor

fueling its recent rally that saw the most popular cryptocurrency in the world surpassing a00 valuation, says a new report.A new report by a web intelligence platform Indexica claims that Bitcoin has now matured as an asset, which might very well be the key underlying factor to have triggered the asset’s recent rally past an $8,000 valuation.

3 Major Driving Forces

The report is based on an index that gathers data using natural language processing of textual documents. The web intelligence platform specifically developed this index to identify the primary factors powering Bitcoin’s recent surge. According to Bloomberg, the Indexica data reveals three key driving forces are acting simultaneously to give Bitcoin an upward momentum. These include:

  • Conversations surrounding Bitcoin are becoming more complex and in-depth
  • Less fear about the asset being an elaborate scam.
  • A shift in the tense used to describe the asset (the majority of Bitcoin-related conversations are now being conducted in future tenses).

More Complex Conversations About Bitcoin

To elaborate on the first point, the Indexica report underlines that a growing number of academics and financial experts are deliberating about Bitcoin and the broader crypto economy as compared to at any point in the past. Furthermore, a growing number of traditional financial institutions have either already come on board or are currently preparing to ride the crypto bandwagon. Among other perks, this changing attitude by key industry players and academics are likely to reduce the chance of a generally frowned-upon speculative growth.

‘Futurity Metric’

The report also implied that the tense used to describe Bitcoin in conversations was also a sign that the asset is now maturing. It specifically mentioned the month of April as a breakthrough point when the tense of the conversations started changing notably. The futurity metric underlines how Bitcoin-related discussions now revolve more around what’s going to happen in the future as opposed to reminiscing events from the past. This factor, according to Indexica, played a major role in fueling Bitcoin’s ongoing rally. Explaining the reasoning behind the “futurity metric,” Zak Selbert, chief executive officer at Indexica,

noted:

“Think about it, executives will speak of good things they expect to happen on conference calls before they happen. They only mention mistakes afterward.”

Worth noting here is that over the course of the past one month, Bitcoin price has surged nearly 60% from around $5,075 on April 15 to its current price of around $8,000. according to CoinMarketCap.

Article Produced By
Shilpa Lama

Shilpa is a management graduate and a network engineer who is deeply passionate about blockchain technology and artificial intelligence. She has been associated with several leading science & tech publications throughout her career as a journalist and columnist. Full-time foodie, semi-skilled musician, wannabe novelist.

https://blokt.com/news/bitcoin-has-reached-adulthood-now-no-wonder-it-rallied-past-8k-says-new-report

Bitcoin Will Be Alive and Well Legendary Investor Mark Mobius

Bitcoin Will Be Alive and Well – Legendary Investor Mark Mobius

                                

Another major investor has just endorsed Bitcoin,

noting that there is a use-case for it. However, volatility still prevents him from investing in cryptocurrency. "There's definitely a desire among people around the world to be able to transfer money easily and confidentially. <..> I believe Bitcoin and other currencies of that type are going to be alive and well,” said Mark Mobius (82), a legendary investor, co-founder of an asset management company Mobius Capital Partners, in a podcast with Bloomberg.

However, he confirmed he’s got nothing in crypto, saying: “Whether I would invest in it is not a question. You have incredible volatility and, at the end of the day, you can’t chase one individual group or one organization that will keep track of what is going on.” "Mark!!… The volatility is one of the most attractive qualities of crypto from an asset managers perspective. The idea of asymmetric risk allows us to use this unique and uncorrelated asset class to greatly increase our return on risk in any otherwise well-diversified portfolio. Just as I, in my portfolio, am holding about 3.5% in emerging markets, I believe that one day soon asset managers around the world will diversify with crypto," Matti Greenspan, senior market analyst at social trading platform eToro, reacted.

Mobius is not the only legendary investor that endorsed crypto recently. Marc Faber (73), a legendary Swiss investor for the first time has recently invested in bitcoin. Faber, who is often referred to as “Dr Doom” for his bearish views on the stock market, economy, and the central banks’ monetary policy, said that it was the young readers of his investment newsletter (“The Gloom, Boom & Doom Report”) and Wences Casares, CEO of Bitcoin wallet provider Xapo, who encouraged him to make his first investment into bitcoin. On the other hand, David Siemer, CEO of a financial products company, Wave Financial, told Bloomberg in a separate podcast that "cryptocurrency is a non-correlated asset. From every investor that has a broad portfolio, adding a small amount of this asset to this portfolio does improve risk profiles."

In regards to Bitcoin rising to USD 8,000, Siemer said that: “It’s been refreshing that it’s come this quickly; obviously, we’re all in on this sector and very bullish. As far as where the price goes, it’s obviously a very speculative asset, and we [Wave Financial] don’t publish things like future price targets. There’s an incredible amount of momentum right now – our own guess, and we have our own trading teams, is that it’s going to continue to rise over the next few months.” He also urges people to look beyond Bitcoin as well, as “we’re actually seeing a much bigger price movement today in lots of other assets.” For example, the majority of altcoins outperform the most popular cryptocurrency today.

Article Produced By
Sead Fadilpaši?

Sead is a staff journalist at Cryptonews.com who covers cryptocurrency and blockchain news daily, writes analysis pieces, tests blockchain and cryptocurrency products. He's based in Sarajevo, Bosnia and Herzegovina. Prior to joining Cryptonews.com he was a freelance, also was a journalist for Al Jazeera web. He spends his free time in music studios, recording songs for movies and cinema. Loves to break gadgets so he could fix them, enjoys exploring new music and loves tasty and equally unhealthy food.

https://cryptonews.com/news/bitcoin-will-be-alive-and-well-legendary-investor-mark-mobiu-3876.htm

Altcoin: Cryptocurrency Market is Expanding

Altcoin: Cryptocurrency Market is Expanding

                                

Bitcoin is widely regarded as the Founding Father of all contemporary cryptocurrencies.

People first heard of Bitcoin in 2009 when Satoshi Nakamoto, whose identity still remains unknown, revealed an open-source code that was actually an improved conceptualization of a cryptography method known as blockchain. Nakamoto has successfully implemented a proof-of-work algorithm that came to be known as the bitcoin software.

 

Bitcoin laid a foundation for the development of other cryptocurrencies which obtained the collective name ‘alternative coins’ – altcoins. Less than ten years later since Bitcoin emergence, we officially have more than 1600 cryptocurrencies, with new kinds of this digital cash being introduced almost on a weekly basis. They are based on different algorithms and blockchain types, have different value and purpose, some of which will be described later in the article, but Bitcoin still remains a dominant currency that usually sets the market trends for the rest.

Altcoins are pushing harder

However, everything indicates that this prevalent position is gradually diminishing with altcoins gaining more popularity as well as market capitalization. According to the study conducted by the employees of the City University of London, there are 600 cryptocurrencies, aside from Bitcoin, which are being actively traded on crypto exchanges around the world. Coinmarketcap shows that the percentage of total market capitalization (TCM), also known as ‘dominance’, of Bitcoin with regard to altcoins has been reducing exponentially. In 2017, Bitcoin held as much as 86.29% of TCM, but in just two years it was reduced to 47%. It means that altcoins will continue to attain a strong footing in the crypto world and have more and more fields of application, with online gambling certainly being among the most popular ones.

Popular altcoins and their scope of use

Nowadays, when speaking of cryptocurrencies there is no way to avoid mentioning Ethereum, or Ether, a digital token that is the lifeblood of the blockchain operating system of the same name. Thanks to this platform, users can create smart contracts, a protocol that provides means for carrying out credible transactions without any intermediaries. Ether is probably the most popular altcoin today because it is widely accepted as a mean for investment in blockchain startups. Litecoin is often referred to as the ‘younger brother’ of Bitcoin because it is basically a slightly improved version of BTC. Nevertheless, it enjoys vast popularity because of its superior transaction confirmation mechanism known as the Litecoin Network.

Dash is also a reformed version of Bitcoin which uses several cryptographic algorithms and the system of master nodes to allow for almost instant transactions. Monero is based on the CryptoNote protocol that ensures the unparalleled level of anonymity along with the obfuscation, the act of making something incomprehensible, of all transactions thus making them impossible to trace. As you can see, these altcoins have different foundation and functionality, but all of them, as well as more than a dozen other cryptocurrencies, can be used for making bets on sports and playing in online casino at 1xBit, the most crypto-friendly gambling platform around.

1xBit happily accepts altcoins

If you are a crypto enthusiast who also likes to bet on sports or play in live online casinos, but just couldn’t seem to find the all-for-crypto platform that will cater to your needs, then look no further than 1xBit. Acting in compliance with the concept of total anonymity, 1xBit doesn’t gather any personal information from new users and allows them to play in a safe and confidential environment thanks to the one-click registration process. All deposits/withdrawals are carried out almost instantly and at a very low to no-fee basis. 1xBit broadens the scope of use of altcoins by providing a fully-fledged crypto-oriented gambling platform.

Article Produced By
Carolyn Coley

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

 

https://smartereum.com/53130/altcoin-cryptocurrency-market-is-expanding/

Northern Irish Capital Belfast Introduces Local Digital Currency

Northern Irish Capital, Belfast Introduces Local Digital Currency

Understand the reasons for Bitcoin’s recent rise and how far it can go

Understand the reasons for Bitcoin's recent rise and how far it can go

                                

Fausto Botelho says that Bitcoin's high can go up to US $ 350 thousand

Bitcoin continues to trade at a bullish paceand was traded above $ 8,000 on Monday (13) but had a slight decline and is quoted at $ 7,850 at 9:00 p.m., Brasília time. The BTC now accumulates high above 100% only in 2019 and experts explain the reasons for the bullish move, which may still exceed $ 65K. Hélio Silva, CEO of startup Cloudbit.me and founder of the Bitcoinkids project, associates with the news that Bakkt will offer future contracts for bitcoin focusing on the institutional market. This was news that was well awaited by the market and that there was already an expectation that it would push the price of the cryptomaned upwards.

For him, this would be an incentive for large companies to inject large amounts of institutional money into crypto-economics, which would increase Bitcoin's price. "The rise was more due to the announcement that Bakkt made the update of future contracts that she will work. They are saving as much in custody as working side by side with New York State. " Silva, however, believes there may still be a correction, but that will not make Bitcoin fall more than $ 6,500. "Today is well consolidated. If there is any correction it will be between $ 7,000 and $ 6,500. You have a strong support for a fall. For this to happen you have to have more people selling, than buying. "

Bitcoin boosted

Fernando Ulrich , chief analyst at XDEX , says that this kind of high is something that the market does not expect and recommends caution with all the euphoria around this valuation of the cryptomade. "There is no way to expect any break from this. No doubt that today hit the high of the year about R $ 31 thousand. This corresponds to a 100% gain in 2019. It demands caution, because every high euphoric does not tend to sustain itself. " Ulrich agrees with Silva and also associates the high news of Bakkt to begin to operate of regulated form in New York.

"Bakkt has a very complete proposal to provide customers and institutional investors with a regulated trading platform as well as future contracts and custody of digital assets, as well as allowing ordinary users to use and pay for Crypto-derivatives." He also explains that the news of Bakkt was very important, as this proposal also involves strong names in the market such as Microsoft and Starbucks. Both Ulrich and Silva believe that this will bring major investors into the cryptomania. Ulrich, however, points out that the side that has to be seen is that the high is also tied to the better understanding of the use of Bitcoin.

Usefulness of the cryptomanes

The economist explains that although there are other points that should be considered. One is that there is a greater interest of investors to apply in crypto-currencies. "Siberity investment has conducted a survey of more than 400 investors. Almost half wanted to invest in crypto. The market is beginning to understand utility. " In Ulrich's view there may be a migration of commodity and asset investors, which is down in the international market for the crypto-coins sector. Because it is a market yet new and small any number that can make a difference. "It's still a market compared to the others," he says.

For the economist, this moment is higher than low of Bitcoin. "The market was already resonating in 2019 after 2018 with a strong correction expelling all those excesses we had for various indicators. A series of information had already shown that we were very close to the bottom of the well and that from now on we will have higher than low. " But he warns that "it may have a correction in the next few days."

For the up and away

Fausto Botelho , CEO of Enfoque and technical analyst of Securities, says that this breach of more than $ 7,000 may be the harbinger of a new rise in Bitcoin. In this, he points out that the criptomoeda can be worth $ 65,000 or even $ 350,000. For a better understanding, the analyst sent the Bitcoin Portal a graph that shows in detail the cycles of this digital asset since 2010, when Bitcoin was worth US $ 0.10. Botelho signals that in the first cycle of high Bitcoin happened to hit a mark of a little more than $ 1,000, but that later came a fund in 2015 bringing the criptomoeda to $ 200 and, from there, the market experienced a new high at the end of the year 2017, reaching US $ 20,000.

In Botelho's view, what is about to happen is a new high that can be equal to the first, which can bring an overvaluation of this digital asset in a very optimistic view, or in the more realistic view it can reach two possible highs: repeat "Wave III" in whole or only "a high that occurred between cycles 3 and 5 of wave III", which occurred in 2017. "A more modest hypothesis is if he copied the last piece of the high that he had in 2017, we will have to count from the bottom of December of the last year a discharge with Bitcoin being worth $ 65 thousand. The $ 350,000 is if there is a high repeating wave three in what looks more like a long-term bullish move. "

Default Satoshi

Botelho says that doing the Bitcoin analysis is different from studying actions. "Bitcoin has started from scratch and stocks are already entering the market with value. We are seeing something completely new. For me, everything will be tokenized in the future. " He says that Satoshi may be the new standard as the dollar is today and one day it was gold. "I understand that what we are seeing flourishes is a new world monetary standard. It will not be the Bitcoin Pattern, but it will be Satoshi's "SAT" pattern. For things will not be quoted at zero of Bitcoin if it amounts to more than $ 100,000. "

Article Produced By
Alexandre Antunes

Journalist and researcher of criptomoedas, fintechs and other innovations in the financial market.

https://portaldobitcoin.com/entenda-os-motivos-da-recente-alta-do-bitcoin-e-ate-onde-ela-pode-chegar/

 

Will the identity of bitcoin creator Satoshi Nakamoto be revealed on May 14th?

Will the identity of bitcoin creator Satoshi Nakamoto be revealed on May 14th?

                                  

A new website, Got Satoshi, claims to know the true identity

of Bitcoin creator Satoshi Nakamoto. The reveal is scheduled to happen today, on May 14, during the annual Consensus conference in New York. Probably created as a publicity stunt, the person behind the website got more than he bargained for when the wrath and ridicule of the crypto community descended upon him.

New website promises to show who Satoshi Nakamoto really is

While the true identity of Satoshi Nakamoto, still is and probably will remain unknown, there has never been a shortage of people claiming to be the creator(s) of Bitcoin. The latest high-profile figure that has tried to claim the Bitcoin throne was Craig Wright, the controversial creator of Bitcoin SV. Seeing how Wright’s assertions that he is, in fact, responsible for creating Bitcoin have widely been ridiculed, it’s likely that anyone making such a claim will face similar skepticism unless overwhelming evidence is provided.

However, it seems that the judgment and ridicule Wright has faced did not deter Got Satoshi, a newly launched website that claims to be run by Satoshi Nakamoto himself. The one-page website hosts a countdown timer that runs out on May 14, when the true identity of Satoshi will allegedly be revealed. The website itself is short on detail, but the person behind the page has been active on Twitter. The user posted random thoughts and updates on the progress of the countdown timer in just over 20 tweets but has not interacted with any of his 5,700 followers.

None of the usual suspects are Satoshi, website claims

While the Got Satoshi campaign failed to attract a large audience, many were left wondering what its purpose is. Guesses ranged from a marketing campaign for a sketchy ICO, an internet troll enjoying themselves, to John McAfee avoiding legal issues. McAfee, the creator of the eponymous anti-virus software and Bitcoin maximalist, predicting that BTC will hit $1 million by 2020, has previously claimed to know who Satoshi Nakamoto is. Last month, he promised to either reveal his identity or try and persuade Nakamoto to do it himself, but has reportedly backed out of the effort to avoid “legal troubles.”

The person behind the Got Satoshi twitter account said McAffee might be aware of who he is, but has been firm in his assertion that he is not Craig Wright. Got Satoshi’s tweets were widely ridiculed, with many Twitter users doubting that Satoshi would announce his identity in such a sensationalist way.The “reveal” is scheduled for 15:50 GMT on May 14, right in the middle of the annual Consensus conference in New York. And while the event won’t lack any drama, it will most likely lack the only proof that would convince everyone—the use of Satoshi’s

Article Produced By
Priyeshu Garg

Crypto Journalist at CryptoSlate

https://cryptoslate.com/will-the-identity-of-bitcoin-creator-satoshi-nakamoto-be-revealed-on-may-14th/