Čvn 02

Telegram with Bitcoin integrated by StartChat Tech now available on apple app store

Source: bitcoin

Telegram with Bitcoin integrated by StartChat Tech now available on apple app store

Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services.

StartChat combines the backend encryption of Telegram with the convenience of 2-click Bitcoin transactions and wallet currencies conversions display such as $USD, EURO, GBP, Ruble, Yen.

– Apple Touch ID and Pin Code as security feature.
– No wallet info needed to send bitcoin transactions to contacts.
– Its user-friendly and automated, just like sending a picture.
– For a new user unfamiliar with cryptocurrency, this app is the easiest way to receive bitcoin.
– No experience or knowledge required about wallets.
– Our startchat technology has automated the process making it userfriendly for mainstream users.

Celebrating our launch we have a $100 monthly airdrop for 1 lucky StartChat user for a year.

Why use StartChat?

– Able to send and receive money from anybody in the world in a matter of seconds.

– Coins received alert sound & message!

– Wallet currencies conversion display: USD,EURO,GBP,Ruble,Yen

– Security: Apple Touch ID & PIN Code

– Secure: Developed on the backbone of the most reliable open source encrypted messaging service Telegram.

– Secret Chat: Self destruct timer and end-to-end encryption.

– Receive & Send: bitcoin with 2 clicks, no wallet info needed.

– Secure wallet: only you have access to your wallet & private keys.

– Immediate: bitcoin transactions are fast and simple.

Twitter: @Start_Chat

Website: StartChat.org

Apple app store link below, Enjoy!

The post Telegram with Bitcoin integrated by StartChat Tech now available on apple app store appeared first on Bitcoinist.net.

Telegram with Bitcoin integrated by StartChat Tech now available on apple app store

Share
Kvě 26

Bitcoin Rises, But What Will Happen in July at the Halving?

Source: bitcoin

Bitcoin halving

Bitcoin is back up! Since our last price piece and Ether’s rise to the top with arguably the largest crowdsale in history, bitcoin has grown by about $9 in price and is getting people excited once again.

Also read: Ether to Blame for Bitcoin’s Decline?

As with all ascensions, bitcoin enthusiasts are coming out of the dark with smiles on their faces and happily telling skeptics, “We told you so.” For a while, it appeared as if Ethereum was going hog the spotlight. A crowdfunding campaign that manages to raise nearly $200 million is certainly something worth noting, but in the end, bitcoin couldn’t be kept down.

How Will Bitcoin Fare Heading Into the Halving?

But how long will it last? As one source states, bitcoin production is scheduled to be cut in half starting in July. Naturally, this is bound to affect the price, but in what way, and by how much?

Some say the sky’s the limit. According to Gil Luria, a Webbush Securities analyst who covers the Bitcoin investment vehicle GBTC:

“There’s always a lot of factors in the price of Bitcoin, but all those things being equal, [the halving] should help the price go up, if for no other reason than of the rule of economics… It’s a function of the intersection of supply and demand, and the halving literally means there will be less [new] supply every day.”

In other words, this could be just the thing bitcoin needs to stay on top for good. After all, a scarce item is likely to hold more value than one that is plentiful or common.

But others aren’t entirely convinced. In fact, one of the big problems expected from the halving is the fact that miners will possibly have to deal with potential drops in profitability.

Miners are responsible for keeping transactions going on the blockchain. Often, these miners receive incentives based on the number of transactions they oversee. With fewer transactions set to take place, you can bet some of those incentives will disappear, which could ultimately lead to a disgruntled work environment among present members of the digital mining sector. Unless the bitcoin price doubles in a short time, bitcoin miners could see quick and massive drops in revenue.

Furthermore, if miners become fed up with the lack of financial security and exit the mining arena permanently, we’re likely to see blockchain security compromised over time. The primary fear is that transaction limits will be hit, leading to lost faith and ultimately, the coin’s final days.

While thoughts are running wild, one thing can be labeled as marginally true, at least for the time being: we don’t know what’s going to happen. Whether bitcoin doubles in price or doesn’t go anywhere at all, there’s no way to predict where digital finance will go. The halving is on its way, and there’s not much we can do to stop it. What we can do, however, is accept the changes that are likely to occur starting mid-July, and do our best to adapt and keep our favorite digital coin (and ourselves) afloat.

What do you foresee happening when the halving takes place? Post your comments below!


Images courtesy of insidebitcoins.com, jefflau.net.

The post Bitcoin Rises, But What Will Happen in July at the Halving? appeared first on Bitcoinist.net.

Bitcoin Rises, But What Will Happen in July at the Halving?

Share
Kvě 25

Deloitte Blockchain Lab in Dublin Will Create Fifty Jobs

Source: bitcoin

Bitcoinist_Dublin Blockchain Lab

Blockchain technology is captivating audiences all over the world, and Deloitte wants to bring even more attention to this industry. The company unveiled its plans to create a new European blockchain lab in Dublin, which brings fifty new jobs the region as well.

With so many companies all over the world exploring the boundaries of blockchain technology, more dedicated research labs are more than welcome. Accountancy firm Deloitte has been thinking along the same lines, and they will be rolling out a new blockchain technology lab in Dublin over the next 18 months.

Deloitte Launches Blockchain Lab

This initiative will bring fifty jobs to the table by the time this hub is fully operational, and the blockchain lab will house a mix of developers and designers. In the end, the goal is to come up with new proofs of concept, and eventually turn some of them into functioning prototypes. Deloitte also mentioned how they plan to target Europe, the Middle East, and North Africa with these projects,  which is quite exciting.

Deloitte Ireland managing partner Brendan Jennings told the media:

“We are proud that Ireland has been chosen as the location for this lab. Not only was the strength, expertise, and proven capability of the Deloitte Ireland blockchain team recognised, but the proximity to the headquarters of many global technology companies, our strong focus on innovation and R&D, and the support from governmental institutions, academia, and the local FinTech industry were all key factors in securing this investment.”

It is kind of interesting to note how the Irish Minister for Jobs, Enterprise and Innovation O’Connor admitted how the blockchain technology industry has been a “powerhouse’ over the past few years. In fact, she welcomes the Deloitte blockchain lab, as this technology has brought many new jobs to the region already, and this new initiative will keep the trend going.

Bringing this initiative to Ireland is an endorsement of the technical expertise available in the country. Rather than choosing London or the US, Deloitte is very confident Dublin has the potential to become one of the new hubs for blockchain innovation and development. Additionally, the blockchain lab will complement the existing and developing professional services firms active in the country.

What are your thoughts on Deloitte bringing a blockchain lab to Dublin? Let us know in the comments below!

Source: Irish Times

Images courtesy of Deloitte, Shutterstock

The post Deloitte Blockchain Lab in Dublin Will Create Fifty Jobs appeared first on Bitcoinist.net.

Deloitte Blockchain Lab in Dublin Will Create Fifty Jobs

Share
Kvě 24

Tim Cook: “Coding Needs To Be A Part Of Education”

Source: bitcoin

Bitcoinist_Coding Education

The topic of coding has been kicked around several times, as there is no dedicated educational program in place which teaches codes how to code. Apple CEO Tim Cook feels there is a growing need for such a platform, as it is equally as important as learning a secondary language.

Also read: Blockchain-based Remittance App AirPocket Comes To Latin America

Coding At A Young Age Needs To Be Stimulated

Earlier today, Startup Fest was kicked off in Amsterdam, and Apple CEO Tim Cook was one of the prominent speakers for the day. It did not take long before he touched upon the subject of stimulating children to learn coding at a very early age, and how schools need to develop an educational course on programming.

Tim Cook explained his vision for education as follows:

“Software development should be a mandatory class. We need to invest in the educational system, and people who can teach young kids how to code. We can’t expect our children to learn coding overnight, as they will need the proper guidance and environment to do so. Children aged nine to ten are the perfect demographic for stimulating an interest in coding and programming.”

This is quite an interesting statement, considering the educational system has not scaled well with the Information Age we live in right now. The methods of passing on knowledge have not changed much over the past thirty years, and children are not being prepared for the future that awaits. Coders are in high demand already, and it is expected that demand will only continue to grow.

Tim Cook also mentioned how there are plenty of opportunities for iOS developers in the enterprise sector. Most employees of big companies use their smartphone for emails and browsing the Internet, because there is a lack of enterprise apps.. The number of iOS apps for the enterprise sector is still relatively small, and Apple sees a lot of opportunities in this segment.

It is impossible to deny the educational system will need to change sooner or later. Coding has become a part of our society, and we need to prepare future generations for the challenges that await. Not everyone will take a liking to coding, and there is nothing wrong with that. But education needs to evolve over time, and it has failed miserably in doing so over the past few decades.

What are your thoughts on sparking an interest in coding at a young age? Let us know in the comments below!

Source: Tweakers (Dutch)

Images courtesy of Tim Cook, Shutterstock

The post Tim Cook: “Coding Needs To Be A Part Of Education” appeared first on Bitcoinist.net.

Tim Cook: “Coding Needs To Be A Part Of Education”

Share
Kvě 24

Blockchain-based Remittance App AirPocket Comes To Latin America

Source: bitcoin

Bitcoinist_Remittance

Blockchain technology has a lot of potential to disrupt the financial sector, and DigitalX is one of the companies wielding the blockchain for remittance purpose. Now that the company has inked a deal with Telefonica in Latin America, AirPocket will be coming to that region very soon.

Also read: Lisk Expands Team Heading Into May 24 Launch

People active in the world of cryptocurrency and blockchain will have heard of DigitalX before, as the company wields distributed ledger technology for financial purposes. Through its AirPocket mobile app, anyone in the world can become a remittance provider, which established a peer-to-peer network of money transfer agents.

Bringing AirPocket to the masses has been a challenge for DigitalX, though, but the company recently partnered with Telefonica in Latin America. Telefonica is the leading Latin American telco, and this new partnership will ensure the DigitalX mobile app will make its way across the entire continent over the next few months.

Blockchain Remittance Through AirPocket and DigitalX

According to DigitalX founder and executive chairman Zhenya Tsvetnenko, the deal with Telefonica is the first of many global partnership announcements. Keeping in mind how DigitalX takes an 11% commission for every AirPocket transaction, bringing this solution to the rest of the world is of the utmost importance.

AirPocket is often touted as being the “Uber of remittance”, as it leverages the sharing economy principle. Additionally, by using a blockchain to complete these transactions, DigitalX has a working example of how this technology can disrupt the financial sector on a large scale while making the process more convenient for its users.

Zhenya Tsvetnenko continued by stating:

“The Telefónica partnership is transformational for our company, and I am not only talking from a revenue opportunity perspective. The fact is, this deal puts our emerging technology company on the global stage and cements our position as a first mover in providing a blockchain application of commercial scale.”

This is a significant partnership between DigitalX and Telefonica, which goes to show AirPocket and its underlying blockchain technology hold a lot of merit for the future. Transferring cash and digital funds between users in a secure and timely fashion is something a lot of consumers have been looking for, and the solution will be coming to Latin America soon.

What are your thoughts on this partnership? Will AirPocket help put blockchain technology on the map in the financial sector? Let us know in the comments below!

Source: The Australian

Images courtesy of Shutterstock, AirPocket

The post Blockchain-based Remittance App AirPocket Comes To Latin America appeared first on Bitcoinist.net.

Blockchain-based Remittance App AirPocket Comes To Latin America

Share
Kvě 22

Money Demystified: How the Blockchain Offers Financial Safety

Source: bitcoin

bitcoin blockchain

Despite eight years revamping the world of finance, digital currency is still getting a bum rap. Indeed, we can acknowledge the fact that Bitcoin and the blockchain has thus far held a rather short life and faced excessive negativity and competition from traditional financiers, but is that enough to lessen its accomplishments?

Also read: Bitcoin Price Stays Put, Can Traders Finally Relax?

Since coming to fruition in 2008, Bitcoin has practically rewritten the way we think about money. It has overcome a number of false “death reports” and risen to a value equaling several hundred in USD. Among the major merchants accepting bitcoin are Microsoft, Overstock.com, Expedia, Dell and Dish Network. Even charities such as Greenpeace and the Mozilla Foundation have welcomed bitcoin with open arms, and the number of retailers allowing bitcoin as a payment method grows on a daily basis.

And yet, many people can’t seem to read the news or look at Bitcoin without feeling nervous and jittery, but are such feelings based in reality?

Nothing can be classified as “perfect,” and virtual currency is no exception, but to claim that digital currency and the blockchain are terribly dangerous is also inaccurate. The blockchain is often regarded as the safest and most convenient method for performing financial transactions, and here’s why:

Making Money Easier With the Blockchain

The blockchain is special because it allows users to send and receive funds electronically, thereby eliminating any third-party fees. According to Angela Ruth, the blockchain can replace the middle-man and provide a “payment alternative” that can potentially protect buyers and sellers from payment scams, assuring that everyone receives what they’re rightly owed. The system provides an unbeatable form of security, as information between buyers and sellers is shared within “tamper-proof public ledgers” which ultimately make it difficult for scammers to double-spend or provide counterfeit funds.

As stated in The Economist, “mathematical scrambling” is initiated to stimulate an original information code known as a “hash,” and any attempts to fumble around with the blockchain are noticed quickly as no hash is the same. The blockchain contains a public ledger that validates transactions on a global scale, not just in certain areas. The transactions are backed by several computers, and the system is decentralized, which creates an environment that’s impossible for one person to manipulate. Double-spending and counterfeiting are easily avoided, and top-level users are prevented from price gouging or falsifying financial statements. Through the blockchain, transactions are carefully monitored and recorded, and problems encountered through traditional finance are often stopped long before they can begin.

The birth of Bitcoin has paved the way for relatively other cryptocurrencies to follow in its stead. Together, they create a monetary system designed to aid in financial independence and enhance user safety and prevent the release of private information. They also bring the advantage of speed. Through platforms like GameCredits, transactions occur via blockchain-oriented codes. Aside from its relative ease and comfort, one of the main benefits of GameCredits is that users don’t have to wait extended periods of time to attain the funds they’ve earned. By merely opening an account, users obtain their money quickly and safely without the risk of having personal or private information forwarded to third-parties or other entities usually involved in traditional transaction methods.

If you’ve been keeping up with the news lately, the words “Panama Papers” should ring a giant bell. By way of the Mossack Fonseca law firm in Panama, the confidential papers are now disclosing hundreds of figures ranging from politicians and world leaders to athletes and celebrities (we’re talking to you, Emma Watson) tied to offshore accounts for the alleged purpose of concealing wealth from regulators and creditors alike. As explained above, the blockchain can potentially put an end to such activity through its real-time recording techniques, so why are the blockchain and the world of cryptocurrency often demonized when it comes to financial prowess?

The answer is that many of us simply don’t understand the “magic behind the walls,” so to speak. Many people freely admit that they have no idea what the blockchain or digital currency is while others bear only minimal knowledge of one or both subjects. As our technology changes, however, our financial system will undoubtedly strive to keep up, and perhaps shortly, monetary scams and deviations from legality can finally be labeled as embarrassing moments of a shaky and ambitious past.

Are cryptocurrencies all they’re cracked up to be? Post your thoughts and comments below!


Images Courtesy of Warranteer, bitcoinlasvegas.net, extremetech.com, es.onlinegames.credit.

The post Money Demystified: How the Blockchain Offers Financial Safety appeared first on Bitcoinist.net.

Money Demystified: How the Blockchain Offers Financial Safety

Share
Kvě 16

Onename Parent Company Is Now Known As Blockstack Labs

Source: bitcoin

Bitcoinist_Rebranding

Bitcoin and blockchain enthusiasts may recall an application called Onename, which was built on top of the identity- and storage-providing blockchain platform called Blockstack. In an announcement earlier today, the company announced they will be changing their name to Blockstack Labs.

Also read: Amendment To Ban End-to-End Encryption Passed By Hungarian Parliament

Onename Becomes Blockstack Labs

Now and then, Bitcoin companies will go through a rebranding without affecting their customers all that much. In the case of Onename, which will keep the name as a consumer product, the parent company name will change to Blockstack Labs. Onename will continue as it has before, in the form of a Webapp and an API.

Keeping in mind how this solution is built on top of the Blockstack blockchain platform, the rebranding to Blockstack Labs seems to make a lot of sense. Moreover, the company will continue their involvement in contributing to and maintaining the Blockstack open-source software, as there is no reason to change that part of the business.

However, it is important to note Blockstack Labs is just one of the companies working on the Blockstack open-source project, as they are joined by various developers from all over the world.  With over 750 members in various countries, Blockstack has become the largest non-financial application running on the Bitcoin blockchain [based on transaction volume].

What makes Onename so appealing to consumers and enterprises is how it provides an accessible gateway to register and manage identity accounts on a blockchain. However, this market is seeing an influx of new players, including some of Blockstacks’s offerings, such as the command line interface.

The name Blockstack Labs gives the company a more professional appeal, and the team is excited about this new structure and direction for the enterprise. No changes are made to the underlying server and infrastructure, and developers are welcome to try out the Blockstack platform for themselves.

What are your thoughts on Onename rebranding to Blockstack Labs? Let us know in the comments below!

Source: Onename

Images courtesy of Shutterstock, Onename

The post Onename Parent Company Is Now Known As Blockstack Labs appeared first on Bitcoinist.net.

Onename Parent Company Is Now Known As Blockstack Labs

Share
Kvě 04

Credits Brings Blockchain-as-a-service To UK Public Sector

Source: bitcoin

Bitcoinist_Skyscape Cloud Services

Over the past few months, there have been some minor headlines regarding the UK government looking closely at blockchain technology. Credits has announced their strategic partnership to deliver blockchain-as-a-service to the UK public sector.

Also read: Crypto Valley In Switzerland Now Accepts Bitcoin For Train Tickets

Credits Delivers BaaS to UK Public Sector

The name Credits may ring a bell among blockchain aficionados as they are one of the blockchain infrastructure providers in the world. Their bread and butter is helping organizations in building robust blockchains focusing on authentication, reconciliation, and provenance. Moreover, the Credits blockchain solution is interoperable with existing legacy systems and other blockchain providers.

Now that this company has partnered with Skyscape Cloud Services Ltd, the blockchain will be brought to public sector organizations in the UK. But this will not be done in the traditional sense, as the partners roll out blockchain-as-a-service, giving government services complete access and freedom as to how they want to integrate this technology to complete day-to-day operations.

It is not the first venture for blockchain provider Credits in the public sector, as they have been working together the with Isle of Man Government on various initiatives. In fact, they developed the first-known government service running on the blockchain, a feat which has attracted a lot of attention from other governments around the world.

Nick Williamson, CEO, and founder of Credits, told the media:

“We’re seeing a growing number of organisations across industries beginning to explore how blockchain technology can help to streamline or modernise operations, or allow them to offer new, compelling services, and are thrilled to bring Blockchain-as-a-Service technology to the UK public sector in collaboration with Skyscape.”

Combining the blockchain-as-a-service business model by Credits with the assurance and security credentials provided by Skyscape will be quite an interesting project, to say the least. In this Information Age, the digitization of services need to pick up the pace, and collaborations like these seem tailored towards making that happen.

What are your thoughts on this blockchain-as-a-service model for the UK public sector? Let us know in the comments below!

Source: Press Release Via Email

Images courtesy of Credits, Skyscape

The post Credits Brings Blockchain-as-a-service To UK Public Sector appeared first on Bitcoinist.net.

Credits Brings Blockchain-as-a-service To UK Public Sector

Share
Kvě 03

Valyrian Tech Presents Bitcoin Spellbook Project

Source: bitcoin

Bitcoinist_Valyrian Tech Bitcoin Spellbook

Bitcoin blockchain development is an area worth exploring by all kinds of developers, and the Bitcoin Spellbook v0.1 wants to make that process a lot more approachable. Don’t expect any pointy hats and wand-waving, though, as this project is all about combining APIs and web services using the Bitcoin blockchain to create new applications and tools.

Also read: BitPay Launches Loadable Visa

The Bitcoin Spellbook Focuses on Blockchain Development

Wouter Glorieux, the man behind Valyrian Tech and creator of The Bitcoin Spellbook, is not your everyday developer. That is to say, he is very passionate about Bitcoin and the blockchain, but Wouter is not a part of the “core development team.” Nor is he part of a major company in the Bitcoin and blockchain world either, which makes his take on development rather unique.

The primary focus for Wouter – and The Bitcoin Spellbook as well – is to write software using the Bitcoin blockchain, by using standard features which can be found in every wallet solution available. Granted, this may limit some of the tools and options at the disposal of developers, but it also creates a better foundation for future innovation in the industry. With so many trying to figure out what Bitcoin and blockchain are, there is no reason to get ahead of ourselves at this stage.

It is important to note The Bitcoin Spellbook has nothing to do with new tokens or special apps, as all the user needs is a Bitcoin wallet address. Or to be more precise, this needs to be an address the user can control at all times, as sending from the same wallet address is the best way to go about things. Reusing the same address time and time again has its caveats, but since this project is all about public use cases – and not personal wallet usage – there is nothing major to worry about.

Over the coming weeks, more details regarding The Bitcoin Spellbook will be revealed by Wouter Glorieux. Some of the topics touched upon include fetching data from multiple blockchain explorers, a simple voting mechanism, and automatically distributing BTC based on a SIL or custom distribution. All of these topics-  and more – hold a lot of promise for the Bitcoin blockchain in the coming years, and it is positive to see someone taking their time to explain this technology further.

So far, Wouter Glorieux has been funding the development of The Bitcoin Spellbook himself. However, he is hoping to complete his crowdfunding campaign successfully on Indiegogo, which aims to raise at least 10,000 EUR over the coming month. Bitcoin contributions are more than welcome as well, and the Bitcoin donation address can be found in the blog post.

What are your thoughts on this initiative by Wouter Glorieux? Will this help put Bitcoin blockchain development on the radar? Let us know in the comments below!

Source: Medium

Images courtesy of Valyrian Tech, Wouter Glorieux

The post Valyrian Tech Presents Bitcoin Spellbook Project appeared first on Bitcoinist.net.

Valyrian Tech Presents Bitcoin Spellbook Project

Share
Kvě 02

Skepticism Abound: Community Wary of Craig Wright Satoshi Claims

Source: bitcoin

craig Wright

Bitcoin community sleuths are already attempting to debunk the reported proof that Dr. Craig Wright is the creator of Bitcoin, the face behind the Satoshi Nakamoto moniker.

Also read: New Ransomware Strains No Longer Want Your Bitcoin

Early this morning the BBC published a report about Dr. Wright, which claimed that he provided “technical proof” of his Bitcoin creator identity. Giving a demonstration in London to BBC, The Economist, and GQ, Wright “digitally signed messages using cryptographic keys created during the early days of Bitcoin’s development.” Reacting to this demonstration, The Economist Reported, “Having been named as Mr. Nakamoto once, unconvincingly, Mr. Wright has a steep hill to climb to convince the world that he is indeed bitcoin’s founder.” The report went on to say, “We are not so sure,” leaving readers with no certainty that Wright is indeed Satoshi. The BBC concluded by saying that Wright planned to provide further proof of his identity to other individuals in the Bitcoin community. 

Despite the doubt from The Economist, Wright seems to have convinced some Bitcoin titans. In a personal blog post, Bitcoin Foundation Founding Director Jon Matonis says, “During the London proof sessions, I had the opportunity to review the relevant data along three distinct lines: cryptographic, social, and technical. Based on what I witnessed, it is my firm belief that Craig Wright satisfies all three categories.” Most notably, Bitcoin icon Gavin Andresen has expressed his belief in Wright’s identity, making statements on both Reddit and his personal blog. On Reddit, Andresen said:

“Craig signed a message that I chose (‘Gavin’s favorite number is eleven. CSW’ if I recall correctly) using the private key from block number 1. That signature was copied on to a clean usb stick I brought with me to London, and then validated on a brand-new laptop with a freshly downloaded copy of electrum. I was not allowed to keep the message or laptop (fear it would leak before Official Announcement).”

In a short post on his personal blog, Andresen elaborated on his belief. Summarizing his trip to London to meet Wright, Andresen said:

Part of that time was spent on a careful cryptographic verification of messages signed with keys that only Satoshi should possess. But even before I witnessed the keys signed and then verified on a clean computer that could not have been tampered with, I was reasonably certain I was sitting next to the Father of Bitcoin.”

Dr. Wright himself made a public announcement on his own blog. This morning, Wright published “Jean-Paul Sartre, Signing and Significance.” In the post Wright, speaking as the creator of Bitcoin, expressed his thanks to those who have contributed to his project. “I cannot summon the words to express the depth of my gratitude to those that have supported the bitcoin project from its inception,” Wright says, “You have dedicated vast swathes of your time, committed your gifts, sacrificed relationships and REM sleep for years to an open source project that could have come to nothing. And yet still you fought.”

In dramatic fashion, Wright concluded his address to the Bitcoin community by saying, “Satoshi is dead, But this is only the beginning.”

The rest of Wright’s post is dedicated to proving that he is the real Satoshi. Presented as the strongest piece of evidence to prove his claim, Wright provided the following signature:

MEUCIQDBKn1Uly8m0UyzETObUSL4wYdBfd4ejvtoQfVcNCIK4AIgZmMsXNQWHvo6KDd2Tu6euEl13VTC3ihl6XUlhcU+fM4=

Satoshi Skepticism Abound: Craig Wright Signature is ‘Worthless’

With seemingly strong proof and the support of Bitcoin superstars, the possibility of Wright actually being Satoshi Nakamoto seems like an obvious reality. However, true to their skeptical nature, the Bitcoin community is pushing back against Wright’s claims.

Not to be outdone by Jon Matonis and Gavin Andresen, the skeptical camp of the Bitcoin community has some heavy hitters of their own. Although not directly questioning Wright’s identity, Bitcoin evangelist Andreas Antonopoulos defaulted to his standard view of Satoshi’s identity, saying, “I’m not playing the ‘Who is Satoshi’ game. As I’ve said many times before, it doesn’t matter.

Antonopoulos went on to unleash a torrent of Twitter updates hammering home his belief in the insignificance of Satoshi’s true identity:

On Reddit, Bitcoin community leader Theymos claimed, “Craig Wright’s signature is worthless.” In the Reddit thread, Theymos features a discovery made by Redditor JoukeH, who “discovered that the signature on Craig Wright’s blog post is not a signature of any ‘Sartre’ message, but just the signature inside of Satoshi’s 2009 Bitcoin transaction.” Theymos continues, “It absolutely doesn’t show that Wright is Satoshi, and it does very strongly imply that the purpose of the blog post was to deceive people.” In conclusion, Theymos says, “So Craig Wright is once again shown to be a likely scammer. When will the media learn?

In that same thread, Redditors advanced a number of criticisms against Wright, even going as far as suggesting that Gavin Andresen could have possibly been hacked, and that his blog post stating his belief in Wright’s identity may not be Andresen’s own words.

On competing subreddit r/btc, users reacted to Andresen’s comment explaining the process undergone when Wright “proved” to Andresen that he was in fact Satoshi:

Ycombinator user mappum posted proof that he believed “debunked” Wright’s claims of being Satoshi:

The signature in Wright’s post is just pulled straight from a transaction on the blockchain. Convert the base64 signature from his post (MEUCIQDBKn1Uly8m0UyzETObUSL4wYdBfd4ejvtoQfVcNCIK4AIgZmMsXNQWHvo6KDd2Tu6euEl13VTC3ihl6XUlhcU+fM4=) to hex (3045022100c12a7d54972f26d14cb311339b5122f8c187417dde1e8efb6841f55c34220ae0022066632c5cd4161efa3a2837764eee9eb84975dd54c2de2865e9752585c53e7cce), and you get the signature found in this transaction input: o/tx/828ef3b079f9c23829c56fe86e85b4a69…

Note that the base64 string at the top of his post isn’t a signature, just a cleartext message: ” Wright, it is not the same as if I sign Craig Wright, Satoshi.nn”.

Now the only question is how he fooled Gavin. I would imagine this story will still get spread around some naive channels for a while, just like the last time Wright tried something like this.

Credit goes to jouke in #bitcoin for figuring it out.”

Bitcoin Price Affected?

The Bitcoin markets seem to be reacting to this controversy, with traders selling in what looks like an effort to secure profit in anticipation of community upheaval.

After spending some time stabilized in the $450s following profit taking at the $470 USD level, the price entered a decline once again. As of press time, the bitcoin price stands at $442 USD.

Meanwhile, Ether is on the rise again, hinting at traders securing investments in case things get nasty in the Bitcoin space. At press time, Coingecko reports that the Ether price is at $9.20 USD, rising considerably in the last three days from $7.47 USD on April 29.

As more research emerges, doubts regarding the legitimacy of Wright’s claims grow. Bitcoinist will continue to follow this story and provide updates as they become available.

What do you think about Craig Wright’s claims, is he really Satoshi Nakamoto? Let us know in the comments below!

The post Skepticism Abound: Community Wary of Craig Wright Satoshi Claims appeared first on Bitcoinist.net.

Skepticism Abound: Community Wary of Craig Wright Satoshi Claims

Share