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Welcome to the second instalment of Bitcoin in Brief, a daily feature from the news.Bitcoin.com team. In today’s roundup: examining the ownership of pre-2010 bitcoins, Vitalik Buterin calls out Craig Wright, and John McAfee’s price per tweet sets tongues wagging. Also read: Bitcoin in Brief Tuesday: Blockchain Wars and a Sleuth of Bears Vitalik Buterin Takes … Read more
Privacy coins are meant to be private. That’s their raison d’être. Strip away the privacy, and they simply become altcoins, and dangerous ones at that, with the potential to deanonymize their users and expose their secrets. A number of recent reports have cast doubt on the privacy features offered by coins such as zcash and … Read more
The Satoshi Revolution: A Revolution of Rising Expectations Section 2: The Moral Imperative of Privacy Chapter 6: Privacy is a Prerequisite for Human Rights The Satoshi Approach to Privacy. (Chapter 6, Segment 5) The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third … Read more
Anyone swiping through the tech news on their tablet this week may have been startled by an unsavory story. Child pornography (CP) is permanently encoded in the bitcoin blockchain accoriding to mainstream media reports, making anyone who downloads the blockchain guilty of accessing CP. Not only is this old news, but it’s fake news. Understanding … Read more
Browsing the latest cryptocurrency projects, it would be easy to conclude that decentralization is a panacea; a cure for humanity’s financial woes. It must be, surely, given that it’s a key tenet of every other new cryptocurrency and ICO. Without the gospel of decentralization, there would be no point in launching a blockchain version of … Read more
When Satoshi Nakamoto designed bitcoin, his smartest trick wasn’t to cap the total supply at 21 million coins – it was to make each coin divisible to eight decimal places. At the time, as now, the smallest unit of bitcoin was worth so little as to be inexpressible in fiat terms. But bitcoin’s creator had … Read more
Satoshi Nakamoto is the original hodler, having left the bulk of his coins unmoved since day one. The theoretical wealth of bitcoin’s pseudonymous creator is a hot topic, and one that the mainstream media are especially fond of pondering. In recent weeks, bitcoin’s record highs have propelled Satoshi into the billionaire league, making him one … Read more
In 2014, Dorian Nakamoto was wrongly identified as being the inventor of bitcoin. In the aftermath of Newsweek’s faulty dox, a compensatory fund set up for Dorian raised over 67 BTC. Like his namesake, the faux Satoshi has exercised remarkable restraint, leaving his haul of coins untouched until this year – when he finally cashed … Read more
In 2014, Newsweek doxxed Dorian Nakamoto, an unassuming senior, as the creator of bitcoin. The bumbling Dorian, who claimed never to have heard of the digital currency, was besieged by journalists for days, prompting him to plot a harassment lawsuit. As introductions to bitcoin go, Dorian’s was hellish. And yet, three years on from the … Read more
Back in August, Viabtc founder Yang Haipo was one of the first public figures to declare ”Bitcoin Cash is Bitcoin”. His exchange Viabtc was one of the first to list bitcoin cash (BCH), which was heavily criticized by Chinese industrial players for being “controlled” by Bitmain. Now Haipo is planning his new business Coinex, a … Read more
