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Could the initital responses to the Bitcoin White Paper have come from Satoshi himself? This researcher believes so

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  • Researcher Gerald Votta thinks he may have unearthed Satoshi Nakamoto’s identity based on interactions between two individuals and their “eerily” similar characteristics.
  • The suspect – James. A. Donald, interacted with Nakamoto via email and both have the same credentials and use of language.

Since the creation of Bitcoin by anonymous creator Satoshi Nakamoto, theories about his identity have been constantly mushrooming.

Dorian Satoshi Nakamoto, Hal Finney, Nick Szabo, Elon Musk, and even Craig Wright have been known contenders. Of all these, Wright has been the most outspoken and self-proclaimed Satoshi.

Now, new evidence has surfaced that Satoshi is likely to be anonymous Canadian cryptographer James A. Donald. On Wednesday, Quantum Economics’ Director of Gamefi Research Gerald Votta published this theory following months of research.

The first of the circumstantial evidence connecting the two is the reply to the Bitcoin White Paper in 2008. Votta says his interest is piqued by the “almost instantaneous” timing of Donald’s reply. He further explains:

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If you look at the timing, Donald comments like minutes after the Bitcoin White Paper is put up and asks such a specific question to Satoshi — How could you read the White Paper, analyze it, and come up with this amazing scaling question in like three minutes? It’s almost impossible.

Links between Satoshi and James Donald

Notably, this ‘speedy reply’ theory stood out in 2014 but was disputed by arguments of timestamp variation and time zone differences. Votta says he considered all this, but his evidence “speaks for itself.”

This “very suspicious” thread of events, as Votta calls them, drove him to “look further into his [Donald’s] life.” The researcher notes that Donald was well versed in computers, programming, cryptography, economics, history, and law – characteristics which Satoshi himself may have heard. But what stood out most was the use of words from both Donald and Satoshi.

About two decades ago, Donald published details of a software program he named ‘Crypto Kong’ on an e-cheque website. The program utilizes elliptic curve cryptography to sign documents electronically. In Votta’s opinion, this program “is eerily familiar to the foundational basis of Bitcoin.” Crypto Kong “is Bitcoin incarnate,” he adds.

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Additionally, Donald used the email [email protected] for this website – am email which messaged Satoshi at least once, according to Votta. Even more, Donald’s digital signature present on the echeque website matches that sent to Satoshi up to the thirty-fourth character. So why would Satoshi converse with himself using two different addresses? Votta says this was a ruse to “maintain anonymity and to spark contrarian views on Bitcoin.”

Side notes

On top of that, the pair expressed excellent command of North American English, indicating they likely originated from a former British colony. Both also had peculiar use of the word “Chaumian” – Donald used it in an email in 2003, same as Satoshi in 2009.

Votta concludes with this:

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“he odds of two individuals having these same credentials, a clear grasp of North American language and culture, and sharing almost the same White Paper is astronomically low.

Votta’s team says this research piece has been their most popular to date. Consequently, it has brought “incredible feedback from industry vets.”

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VanEck Filed for Digital Assets Mining ETF

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Global investment manager VanEck, with more than $60 billion assets under management, has filed an application to establish an exchange-traded fund that will track the price and yield performance of the Global Digital Asset Mining index.

Fund’s investment principles

The Global Digital Asset Mining index is being used to track the performance of companies that are somehow engaged in digital assets mining activities, including Bitcoin or altcoin mining operations. Additionally, companies that provide various services like software development, as well as hardware suppliers, also fall into the category of mining operations providers.

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The fund will invest at least 80% of its total assets in securities in the DAMC but, at the same time, the company is not allowed to invest in digital assets by using derivatives products like options or futures. Hence, the fund is not going to track the price movement of any cryptocurrency.

The VanEck ETF will be able to provide exposure to companies that are in fact operating with digital assets or holding them on their balance sheet and are also being presented in the Global Digital Assets Mining index.

Risks for investors

The application also contains a section related to the risks behind the digital assets mining industry. According to the filing, the main risks for investors are technological obsolescence, supply chain issues and certain issues with obtaining new hardware.

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Additionally, the fund agrees that most digital assets mining companies are exposed to the issue of relying on third-party companies that are located and functioning overseas.

Bitcoin Daily Chart
Source: TradingView

In addition to risks tied to hardware wearing, digital assets miners generate revenue from selling their assets on various cryptocurrency exchanges, and the price of their assets is a subject of high volatility that could lead to the value loss of their holdings.

While most cryptocurrency miners remain in high profit from their operations, rapid change of assets like Bitcoin may potentially lead to additional losses of those companies and, therefore, losses for investors that receive direct exposure to the aforementioned index.

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Bitcoin Senator Rallies For Support Against Powell’s Renomination As Federal Reserve Chair, Here’s Why

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Popular Bitcoin Senator, Senator Cynthia Lummis is reportedly soliciting for the support of her fellow Republicans in her stance against Jay Powell after the latter got renominated to chair the Federal Reserve.

Bitcoin Senator Wary of Crypto-unfriendly Nominees

As reported by Decrypt who first broke the news, a source in Lummis’ office says her reasons border on her belief that there is an unlawful treatment of crypto-based institutions in her home state, Wyoming.

Meanwhile, the Bitcoin senator is not only against the nomination of Powell. The source still claims that Senator Lummis is also asking her Republican colleagues to help block Leal Brainard’s nomination as well. Brainard is another nominee of President Biden’s for the Fed positions.

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Lummis’ skepticism might be as a result of the Special Purpose Depository Institutions or SPDIs as they are otherwise called. They are a new type of crypto-based bank that Wyoming lawmakers granted a special operational license to, just last year.

Two crypto-based companies that received the license in 2020 include Kraken exchange and Avanti — the stablecoin issuer. However, the Federal Reserve’s decision to not approve their applications for central bank-issued accounts has placed a hold on their banking ambitions.

Speaking about the Federal Reserve’s delay in a Wall Street Journal feature article by Lummis on Wednesday, she says it is an intentional and unlawful obstruction. She added that the Fed’s reasons are ambiguous at best. According to the Bitcoin Senator, Lummis claimed that the Wyoming entities have met all requirements for being a bank under the Federal Reserve Act.

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Lummis insists that Powell and Brainard are only avoiding their legal obligations in their continued treatment of SPDIs and like many other U.S lawmakers, she wants to know why.

Could Lummis’ Pressure Affect Powell’s Confirmation?

As Lummis continues to apply even more pressure on her colleagues, the possible extent to which this pressure can truly go in affecting the confirmation process of both Powell and Brainard, remains to be seen.

But with the chair of the Senate Banking Committee, Sherrod Brown, reportedly holding a vote on the pair sometime this month, both of them could be confirmed.

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Also, there’s a possibility of a potential tight vote now that some progressive Democrats — most notably Elizabeth Warren — are saying they will not be voting for Powell.

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PlanB’s Floor Model First Miss: Bitcoin Price Closed Way Below $98K In November

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PlanB’s floor model was wrong about BTC’s November closing price. The stock-to-flow model, though, is still on track.

Bitcoin’s closing price for November below $60,000 meant that PlanB’s floor model, which was particularly accurate until now, was finally broken.

At the same time, though, the analyst confirmed that the more popular stock-to-flow model was still valid as BTC is on track towards $100,000.

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PlanB’s Floor Model Fails

PlanB is among the most popular analysts in the cryptocurrency space, predominantly known for the Bitcoin stock-to-flow model, which he published in early 2019. However, he also posted another model, which he referred to as the “worst-case scenario,” in July this year.

Also known as the floor model, it’s based on technical aspects, such as the 200-day moving average, and saw BTC closing August at $47,000, September at $43,000, and October at $63,000.

The first two months were spot on. BTC closed in October at $61,000, which was still very near to the model’s predicted price, and PlanB said it was “good enough” for him.

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However, November’s closing actual closing price of way below $60,000 was quite different from what the model envisioned – $98,000. As such, the analyst admitted that this was the model’s first miss after nailing the previous few months.

S2F on Track

As mentioned above, the floor model works separately from the stock-to-flow model, which sees the stock as the size of existing reserves (or stockpiles) and the flow as the annual supply of new bitcoins to the market.

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It’s actually even more bullish as the original version sees bitcoin tapping $100,000 by the end of the year. The upgraded stock-to-flow cross-asset model, which introduced different phases of bitcoin’s development, predicted a price tag of $288,000 until 2024.

Although bitcoin still struggles below $60,000 at the time of this writing, PlanB believes that the original S2F hasn’t been broken as the asset is on its way towards $100,000. If BTC is indeed to go into a six-digit price territory, it would have to increase its USD value by more than 66% in the next 30 days.

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