Srp 14

Crowdfunding Campaign Aims to Discover Where in the World the Real Satoshi Is

Satoshi Nakamoto’s true identity has been a well-kept secret. Many are still on the hunt. A new crowdfunding campaign has been launched in order to hire detective agencies who will scour the globe in a public-funded search for Satoshi.


The hunt for Satoshi Nakamoto still carries on. Over the past few years, a variety of online publications and individuals have hunted the trail of the person (or people) synonomous with Satoshi.

There have been a number of theories about Satoshi’s identity, and the cryptocurrency community has always been incredibly interested when someone steps forward with something new.

Back in 2016, the virtual currency world was in a frenzy when BBC published a report concerning Dr. Craig Wright, saying he provided “technical proof” he was the elusive Bitcoin 00 creator.

Back in 2016, the virtual currency world was in a frenzy when BBC published a report concerning Dr. Craig Wright, saying he provided “technical proof” he was the elusive Bitcoin creator.

Many were skeptical of the purported evidence, and there have been a number of nuanced, and light-hearted swipes, at Wright’s claims.

Other people, like Tesla creator Elon Musk, have spoken out to quell rumors about being Satoshi. The CIA even responded to a Freedom of Information Act (FOIA) request saying they could “neither confirm or deny” the existence of documents relating to Satoshi. Some took the response as evidence the agency could possess files on the Bitcoin creator.

Now an international group of digital currency enthusiasts are raising funds to conduct an international search for Satoshi.

We Need To Find Satoshi

Posted on crowdfunding site Boomstarter.ru, the campaign is looking to order a search for Satoshi from “several independent detective agencies located in the US and Japan, as well as Europe.”

The creators said the hired agencies would have to conduct a “public and transparent account of their activities,” and mentioned that three locations were chosen because of Satoshi’s purported affiliation with these areas.

According to the creators, people have the “right” to know the identity of Satoshi. They write the need to “declassify it ourselves,” if Satoshi “does not want publicity.” However, the group explains how they pledge not to disturb the person (or persons) if Satoshi turns out to be someone “ordinary” who is “afraid of publicity.”

‘Be Sure Bitcoin Is Not A Global Deception’

The crowdfunding campaign creators list a couple of reasons why finding Satoshi is not just a “trivial curiosity.”

According to the campaign, discovering the identity of the mysterious Bitcoin 00 creator could help with its further development, while possibly solving some of the questioned assumptions behind the digital currency.

The crowdfunding campaign creators list a couple of reasons why finding Satoshi is not just a “trivial curiosity.”

The crowdfunding group also believes cryptocurrency enthusiasts should be able to know the identity of a figure with more than “1 million coins in his wallet,” and a figure who could “overthrow the market overnight” by executing transactions.

At the time of writing, the campaign was 47% funded, having raised roughly 7,103,400 Russian rubles ($104,952 USD) from 1,543 backers. Donors are able to receive a variety of rewards, including an “I Find Satoshi” pin, t-shirts, and hoodies.

The highest reward category, which was limited to one person, was already reached by press time. For 500,000 Russian rubles (roughly $7,390 USD), the donor will have a week-long tour of the country where “Bitcoin Satoshi Nakamoto will be found.”

Do you think this campaign will be even remotely successful in unmasking the identity of Satoshi? Let us know in the comments below!


Images courtesy of Bitcoinist Archives, Unsplash.

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Úno 21

Tesla’s Amazon Cloud Account Hacked to Mine Cryptocurrency

· February 21, 2018 · 10:30 am

Tesla, the automotive company, was the victim of a cryptojacking attack as their Amazon cloud account was compromised and used to mine cryptocurrency.


Even the largest and most technologically advanced companies can be vulnerable to being hacked. Case in point is the pioneering electric car company, Tesla, owned by tech billionaire Elon Musk. They were recently the target of a cryptojacking attack that saw their Amazon cloud account compromised and used to mine cryptocurrency.

Tesla car

Security Not up to Snuff

A hacker, or group of hackers, hijacked an IT administrative console belonging to Tesla that had no password protection. The cybercriminals then used sophisticated scripts to begin mining for cryptocurrency.

The hack was discovered by RedLock, a cybersecurity firm. Apparently, researchers for RedLock were tracking down which groups had left their Amazon Web Services credentials openly exposed on the internet. One of the groups that RedLock found was Tesla.

Of the hack, a Tesla spokesman says:

We maintain a bug bounty program to encourage this type of research, and we addressed this vulnerability within hours of learning about it..

The impact seems to be limited to internally used engineering test cars only, and our initial investigation found no indication that customer privacy or vehicle safety or security was compromised in any way.

Crafty Hackers

RedLock notes that the hackers exposed an Amazon “simple storage service” (S3) bucket that held telemetry, mapping, and vehicle servicing data for Tesla. It appears that individual information was not accessed, but the CEO of RedLock, Varun Badhwar, says that they “didn’t try to dig in too much” and instead alerted the car company.

Elon Musk

Elon Musk

Badhwar says that the hackers were pretty crafty in hiding their tracks. They made sure to lower the CPU usage demanded by the Stratum software they were using for cryptocurrency mining. This allowed the mining to be virtually undetected. The hackers also kept their internet addresses secret by hiding behind the services of a content delivery service, CloudFlare.

Overall, it is unknown what cryptocurrency the hackers mined for. The current popular choice is Monero. The amount of cryptocurrency mined by the hackers is also unknown.

For their efforts, RedLock were given $3,133.70 by Tesla as part of the company’s bounty program to reward outside hackers who find flaws in their system. The amount is a reference to 1337, which is old hacker slang for elite.

Tesla is not alone in being the victim of cryptojacking. RedLock estimates that 58% of businesses that use public cloud services have exposed “at least one cloud storage device” to the public. Of that amount, the cybersecurity firm says a full 8% have had cryptojacking incidents.

Do you think companies like Tesla can do more to protect themselves from cryptojacking attacks? Let us know in the comments below.


Images courtesy of Flickr/@Maurizio Pesce, Pixabay, and Flickr/@JD Lasica.

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Čvn 19

Blockchain as the Matrix: Are We Entering a Virtual Life?

Source: bitcoin

The Matrix

“This is your last chance. After this, there is no turning back. You take the blue pill — the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes.” –Morpheus, The Matrix

Also read: Symantec Report Indicates End of Locky Ransomware Threat

Recently, supreme technologist Elon Musk proclaimed his belief that “The odds that we’re in base reality is one in billions.” Skeptics worldwide broke down in grotesque inspection of this claim, as the possibility of living within a grandiose video game challenges society’s collective ability to cope with the deepest questions in life.

Technology today is accelerating towards altering our very existence. Artificial intelligence, deep space exploration, attempts to extend one’s consciousness onto a computer, and advanced robotics puts immense pressure on our economic systems, communities, and lifestyles to adjust to disruption accordingly.

What in the 1990’s simply looked like basic Nintendo video games, fine-grained TVs, and monolithic personal computers has morphed into a rather spooky postmodernist dental dam. Science fiction, quite simply, is finally coming to life.

Delving into our murky, robotic future, The Wachowskis renowned film “The Matrix” features a computer-simulated reality of the universe where agents, code creatures, and mere humans alike dwell. The world itself folded, and software had literally eaten the world in a twisted technological dystopia. Which year the film allegedly occurred in can be thought of as a technological arrival and conflict facing humanity more than a year arbitrarily placed on the calendar timeline humanity created. Within the movie, the participants of this network who awakened had to choose whether or not they wanted to believe a computer god had been their creator.

If the universe itself is really a computer simulation, as both “The Matrix” and Mr. Musk assert, then what is the end goal of our own technological advancement in 2016? Perhaps the most disruptive technologies today are hoarding people like sheep towards manifesting “The Matrix” into reality, our own reality or at least a never-ending attempt towards answering this question.

Blockchain, A Real-Life Matrix?

Among the leaders in the most impactful emerging technologies is the recent advent of blockchain technology, which some claim is the most influential innovation since the Gutenberg Press.

A culmination of 40+ years of research in computer science, blockchains enable strong encryption and independent transactions to exist on a fully decentralized, global network of independent nodes that are community owned and monitored. The blockchain is a perpetual stream pulling the world towards automation of all data tracking and securitization processes, an absurdist Hail Mary to get rid of paper files and paper cash.

Traditionally, every time you use services such as Facebook or Snapchat, they own all of your data that you generate on their platform. Blockchains represent a fundamental shift in the Internet’s paradigms for information stewardship. Now, as smart contracting, DAOs, and functional programmatic distributed storage and identity verification emerge, the technological breakthrough that is the blockchain is continues its ascent. What will blockchains have amounted to as they advance over the next 5, 10, 20, 50, or 100 years?

As traditional players such as Governments, banks, professional services firms, and healthcare providers enter the blockchain space, it is important to ask what the intentions of these groups are. Have incumbent institutions thought deeply through the implications of funding and spearheading advancement of cryptographically sound, distributed Internet protocols that can prove owners to prove digital ownership, enforce contract law, and facilitate trade between disparate parties? Recent hype and fear driven interest in blockchain technology signals that the aforementioned traditional institutions are, quite simply, taking the Blue Pill.

Like “The Matrix,” blockchains themselves have a logical end-point which is mirrored in the way that our perceptions of time and reality themselves function. It is not a coincidence that “Blockchain as reality confirmation” or “the universe is a blockchain” are phrases within the Bitcoin community. This parallelism can be thought of as follows:

Each morning, the sun rises. Events in your life happen, and then are forever frozen within time. There is no altering what has happened in the past and shall now sit as had occurred forever. Our memories of the past are abstractions, words to describe events that are immutable. No matter how hard we may have wanted something to turn out differently, it can’t change. The memories that are ours are ours, and our position within the network among other people is constant throughout our lives.

Blockchains are oddly similar, in that data written to a blockchain is also frozen its own chronology. Just as the entire universe can be perceived as an omnipresent recording of everything that has happened, scarce space on a blockchain (which is what Bitcoin represents) is fascinating because it too is simply data. Like our perceptions of reality itself, the “inherent value” of Bitcoin is based upon a social agreement that labels that piece of data as undertaking meaning, or being “real”. Moreover, just as the universe itself is a collection of matter, anti-matter, and a multitude of states of energy, the inherent value of space within a blockchain for people trying to simply live life day-to-day can be thought of as a form of ‘money as virtual energy’.

Virtual reality already gleefully tricks our brains into recursively thinking that the images behind that glass screen are real. Now, imagine what the world would look like if everyone was hypnotized in VR headset, while thousands of unique blokchchains automated the entire planet’s data tracking, data securitization, data transaction, and money transaction approval needs?

Our world is trending towards a Matrix-like state, and blockchains are acting as a lubricant fuel down an admittedly slippery slope. The internet of things, RFID tags, robotics, augmented reality gaming, and increasingly smooth integration into smart-phone applications will increase our collective reliance on blockchain technology as a backbone storage layer for the internet. Advancement here is accelerating, as projects such as Ethereum, TheDAO, Hyperledger, Ripple, Steemit, and Synereo all demonstrate the growing set of offerings in the blockchain buffet.

Through automating data storage and building within this programmatic infrastructure, we are creating a functional, immensely computationally powerful, decision making platform and digital toolkit for automating nearly any other traditional job function, decision or management procedure that required tracking data, from logistics to accounting to email and social media oversight. As blockchain is combined with artificial intelligence, machine learning, and potentially even quantum computing, it becomes gradually clear that Blockchain truly could be an ancient version of Skynet.

“Arguably we should hope that that’s true, because if civilization stops advancing, that may be due to some calamitous event that erases civilization,” Musk said. “So maybe we should be hopeful this is a simulation, because otherwise we are going to create simulations indistinguishable from reality or civilization ceases to exist. We’re unlikely to go into some multimillion-year stasis,” Mr. Musk remarked.

If blockchains really are this strong, secure, powerful, and even potentially scalable, as the lead blockchain developers have been promising since the release of Bitcoin, then we may be living in “The Matrix” already, without even knowing it.

Perhaps the rise of blockchain technology is a self-awakening towards this reality. Maybe it’s already too late, but that’s collectively up to us to decide.

What do you think of the Blockchain as “The Matrix” analogy? What are the long term technological end-point of this movement? Share your thoughts below!


Images courtesy of “The Matrix.”

The post Blockchain as the Matrix: Are We Entering a Virtual Life? appeared first on Bitcoinist.net.

Blockchain as the Matrix: Are We Entering a Virtual Life?

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