Wednesday, February 10, 2021

what would happen to other cryptocurrencies if bitcoin gets hacked?

So my question is rather simple... i understand that is not likely that bitcoin would/could get hacked anytime soon.. but lets pretend it does... and some good/bad guy manages to hack it... i assume the value of bitcoin would go to zero... what would that mean for the rest of the crypto currencies?

do all the crypto currencies have the same level of security? or are some crypto currencies more secure than others? is it an one event destroys all crypto? or would there be "save havens" if such an event were to happen?

im not technically inclined... so it would be great if someone could explain this to me like im a child that has enver seen a computer ever in its life.

thx in advance

Tips for Newbies

With the recent hype, there are a lot of newbies around. As someone who has been holding Bitcoin for 8 years now, I figured I'd put my take out there.

Disclaimer: I'm not your financial advisor, do your own research, yadda, yadda.

BITCOIN, THE LONGEST CHAIN

First, we have to establish: Why Bitcoin, specifically?

After all, there are a lot of options out there. This new technology has spawned a vast ecosystem, and it can be daunting to figure out which cryptocurrencies to support.

The answer lies in one of the fundamental conventions of our community: the longest chain rule. I won't get into the technical details, but in very simplified terms, it means you should support the most popular one. That one will generally have the most consensus among miners and therefore be the most secure and have the widest support.

You will hear of forks, splits, altcoins, and myriad other things. It's fine to support tech you believe in. But if you understand nothing else, just remember: go with the biggest, most popular one.

Right now that is Bitcoin.

BITCOIN, THE LEDGER

There is a lot of complexity behind Bitcoin. It is easy to get lost in all of the technical details.

Let me make it simple: Bitcoin is a ledger. It is a book with numbers in it. To understand what gives Bitcoin value, you need to understand what gives a ledger value.

A good ledger is balanced. All the numbers add up. Every account is correct. You can trust it.

A good ledger is secure. You cannot change accounts you do not own. You cannot fudge numbers. You cannot hide anything. You cannot counterfeit anything. You cannot invent new value out of thin air.

A good ledger is redundant. There are many copies, and they all agree. There is no single point of failure.

A good ledger is available. You can access it from anywhere and synchronize it across borders in the blink of an eye.

Bitcoin is all of these things and probably more.

When people say Bitcoin is better than fiat, they are talking about Bitcoin, the ledger. When governments print fiat at an alarming rate, it fails the secure condition—new value is being invented out of thin air. Likewise, it also fails the secure condition when the government is able to forcefully confiscate it—they are changing accounts they do not own. When central banks practice quantitative easing or fractional reserve banking, it fails the balanced condition—the numbers don't add up. And when governments restrict you from doing business with countries they do not approve of, it fails the available condition. Etc, etc.

Bitcoin does not suffer from any of these problems.

BITCOIN, THE AGREEMENT

Now, a secure ledger is a worthy thing, but at the end of the day, it is just a book. What use is a book if no one agrees to use it?

It is like a parent giving a child an IOU. The IOU has no intrinsic value. To anyone outside the parent and the child, the IOU is worthless. This is why people say Bitcoin is worthless and has no value—they don't accept it. So they are right, in a way. But to the parent and the child, who have agreed to use it, the IOU does have worth.

I should point out here that all fiat money operates on this principle. It is why I can give the grocery store my US Dollars—they have agreed to use it. If someone gave me Korean Won, I would not value it highly because no one I know has agreed to use it. I would have to go out of my way to find someone who does agree to use Korean Won so I could arrange to trade my Won for their US Dollars, since that is my particular brand of IOU.

Bitcoin is no different. It only has worth to the people who agree to use it. It is a secure, trustworthy ledger. You either agree to use it, or you don't. The more people who agree to use it, the more useful it is to everyone.

BITCOIN, THE UNIT

One thing that muddies up the picture a bit is that none of the numbers written in the ledger actually have any real-world value tied to them. They are all denominated in a new unit called the "satoshi," so named after the inventor of Bitcoin. No one is sure what a satoshi is worth, so we let the value of a satoshi be determined by the fair market.

BITCOIN, THE SPECULATION

Market-wise, Bitcoin seems to move in 4-year cycles centered around an event called the "Halvening." This Halvening marks a sharp drop in the number of new Bitcoins minted each year. This is built into the protocol and happens on a consistent schedule.

It takes a while for the market to adapt to the decreased flow, so about one year after every Halvening, we historically see giant spikes followed by giant drops as the market figures out the new price. We are in the middle of one of these spikes right now. This is the riskiest time to speculate because a giant drop may be coming.

There is a reason I'm highlighting "giant drop" over and over. Beware.

It is important to understand these giant drops because it is easy to freak out and panic-sell if you aren't expecting it. When it comes, fear will be at an all-time high, and you will hear "Bitcoin is dead!" over and over. They will seem right, but they are wrong. No matter what reasons they attribute to this drop, it is a natural part of every cycle. They are afraid because they don't understand the cycle, so they invent their own reasons.

Dumping your fortune into a spike and then panic-selling during a giant drop is how you get burned. Hard.

Because of all the fear, a giant drop usually leads to an extended period of undervaluation for some time after. It takes two or three years to stabilize on the right value. This period is the safest time to speculate. Everyone will be afraid, having just been burned. Prices will be low. But you do not need to fear, because you understand the next cycle is coming.

BITCOIN, THE VIRTUOUS CYCLE

The four-year cycle I described above is low-key brilliant. The giant spikes lead to massive hype in the media, which brings in a flood of new awareness and increased demand. Likewise, the giant drops that inevitably follow also get massive coverage. As they say, even bad publicity is good publicity—it's free advertising. On top of all that, the cycle repeats only once every four years, giving two or three years of rest between, so you don't see fatigue. All of this media attention leads to increased demand.

And the market is all about supply and demand.

In the past, the Halvenings have consistently caused the value of Bitcoin to ratchet up every four years. If you think about it, that makes sense.

Existing holders do not want to sell because Bitcoin has a track-record of amazing returns. They have no reason to sell their best-performing asset, which makes existing supply hard to get. In fact, they are greedy for more of it.

At the same time, Halvenings make new supply hard to get. The fact that new supply is cut in half every four years means that everyone is in a rush to snap up Bitcoin because it will be exponentially harder to get in the future.

The Halvenings are brilliant not just because they reduce supply and increase demand, but because they lead to a virtuous cycle of increasingly reduced supply and increasingly increased demand.

BITCOIN, AND YOU

At the end of the day, no one can tell the future.

When it comes to your finances, all standard investment advice applies. Bitcoin is a new technology. That means it has untold potential, but that also means it has untold risk. Fortunes can be made, but they can be destroyed as well. Understand that you are speculating on an unknown future. Past performance does not guarantee future returns. Be careful not to put in more than you can afford to lose. If you are losing sleep over the price movements of Bitcoin, you have probably put in too much.

It is generally good advice to keep your finances diversified. As they say, do not put all of your eggs in a single basket. If disaster strikes, you could lose everything. It is better to have two or three strategies that you follow, rather than just one. That way, if one fails, you can fall back on the others. Full-market index funds and real estate are considered by many to be relatively safe options.

Finally, there are two virtues that tend to pay off in finances: patience and an iron stomach. Bitcoin's value seems to ratchet up every 4 years, so it makes sense that you will need to wait a similar amount of time to turn a profit. Having the patience to take a position early and hold for 10 or 20 years will put you lightyears ahead of someone looking for a quick profit, at far less risk. But doing that means you cannot just sell at the first sign of trouble.

I don't remember who said it, but this seems like wise advice: "When deciding whether to sell, ask yourself if something fundamental has changed about your investment. If the fundamentals remain intact, you have no reason to sell."

Good luck!

Why I'm extremely bullish on GET

Eventhough the price has been stagnant for years, the real usage of GET has only increased. I believe it's only a matter of time before GET protocol is picked up by the crypto space.

But worst case scenario - it doesn't - the buybacks will still push the price up on their own. Here's why:

In 2020 ticketing volume in general was down like 90-99% due to corona. Yet GET managed to sell over 236k tickets. Or an increase of 27% compared to 2019.

2019 vs 2020 tickets sales & GET burned

How is this possible?

It's possibly because ticketeers recognize the advantages of smart tickets. Once big events are a thing again (hopefuly this year) scalping will become important again (which GET elminates) but for 2020 the main selling point was:

- Crowd control

- Interaction with the ticket holders

- Paperless tickets scanning & payment

- ...

This means that GET has conquered a lot of marketshare from traditional ticketeers. Well mainly GUTS actually but the advantages GUTS brings, other ticketeers using GET will have too.

Looking ahead

If GUTS was able to sell 236k tickets in a year where ticketing volume is down at least 90% then I think it's safe to assume that they'll sell over 3 million tickets once everything is allowed again (2022 most likely).

Add the new ticketing companies that integrated GET recently (getticket in Korea, Wicket Events in Italy and Tectix in Germany) and you'll understand that we'll be seeing millions of tickets processed by the GET protocol.

With the whitelabel added (every ticketing company can start using GET protocol very quickly and easely now) many more ticketeers will join.

Tokenomics & usage to push the price

The GET tokenomics are built so that for every ticket issued 0,28€ (or 0,34$) worth of GET is needed by the ticketeers. They buy most of this from exchanges and a minority they get subsidized from the User Grotwh Fund. In 2020 around 70% was bought directly from exchanges.

I'm willing to bet that we'll see at least 5 million tickets in 2022:

5 million * 0,28 * 0,7 = €980.000 in buybacks or around 1,2 million $

You can imagine what buybacks of 100k $ each month will do to such a smallcap, especialy considering that all this bought GET is burned after usage.

If the price would remain stable we'd see 5 million GET burned, or 25% of the entire supply (SF of 13 million will be burned soon anyway as it isn't used so I don't consider that as supply).

Of course the price will not remain stable as with such an increase in buybacks & burns, GET will be recognised as truely deflationary through real world usage.

As of this month all tickets issued by the GET protocol will become NFT's

Over 60.000 sold tickets (that haven't ben scanned yet for the event) will be minted as NFT's this month. This means that tickets, after scanning can become collectables. But so much more:

Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.

After the DeFi hype we’ve witnessed last year, the next hype in crypto that seems to be developing are NFT’s. In this case it isn’t about riding the hype. Tickets being NFT’s on the blockchain really makes sense and it will change ticketing as we know it. Let me explain…

So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.

Image explaining GET NFT's

getNFTs are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.

Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:

As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.

P2P ticket tradingNFT’s will allow P2P ticket trading and GET’s almost done building it! Peer to peer ticket trading means that everyone who owns a getNFT ticket will be able to trade it with another “peer”. This will happen in a closed and regulated ecosystem. This means that certain rules can be set by the event organizer. For example:

The ticket can be sold for only x% profit
x% of the trade profit goes to the event organizer
a certain trading fee goes to the event organizer
…

This will be the first and only ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better.Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.

Why this is important

The advantage for GET holders is twofold:

The P2P market will atract more users (artists, venues, ticketing companies) of the GET protocol (= more GET needed in the primary market)
every ticket exchanged in the secondary market is an additional statechange (= more GET needed)

Event financingWithout a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, … upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!

The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground.In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.

Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).

This is how it will work:

The technical side of event financing

If the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ from

The advantage event financing for GET token holders will bring is again twofold:

As a GET holder you’ll be able to finance events and share in the profit of the ticket sales. This means that GET will allow you to profit without selling = passive income. An important note is that this is profit without inflation. While other DeFi projects give you returns by increasing the supply (and thus decreasing the value of the token) the returns here will not increase the GET supply, as the returns come from real profit(ticket sales).
As the GET token will be an integral part of this process, it will:- increase the buy pressure of the GET token (everyone who wants to participate will need GET)- decrease the supply (everyone who participates will have to locks his GET tokens).

For a deeper insight I recommend the blog below:

https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5

Tuesday, February 9, 2021

Be careful of celebrities, when it comes to crypto, some things are not as hard to predict as you think.

Elon Musk tweets DOGE, buys bitcoin. Many of us, myself included were talking about this during the DOGE surge, that there's a high likelihood he was diverting attention away from bitcoin so he doesn't have to buy it high.

Michael Saylor, as respected and truly leading the vision for industry for adoption as he is, talked about bitcoin after buying it, every-time. Now, this has to do with legality and SEC filings as well, so I'm not going to claim they are malevolently misdirecting the public.

I will however, point out that some things are not as hard to predict as people think. For example, after Saylor's event with all of these companies, many of them will take a position in bitcoin. If you are reading this and thinking, "I'll buy bitcoin when they enter" let it be known that you'll always only know AFTER they enter. And by then you'll miss the biggest pump.

About the DOGE incident I will also say this, "celebrities are paid based on attention and public interest" this means, that someone who loses 10k on DOGE on YouTube, assuming they get say 1 million viewers and 70k new subscribers, can make that money back much easier than we can.

Snoop Dog can push whatever coin he wants, as long as he gets more attention, that will convert to money for him. Anyone that follows him in though......good luck, hope you know what you're doing.

Elon Musk and Michael saylor can both leverage their followers to pump at certain low liquidity points to push the price. I would even go far enough to say that Elon may be practicing with pumping DOGE, figuring out how much initial sway he has, and how long the momentum can be kept up.

It's true, I do also believe it possible that Elon's just a memelord and loves to mess around, but remember even while playing golf, the rich are networking. It would not surprise me if Elon, genius as he is, figures out the best way to make his entertainment also pay him real money.

Notice that both of them release news of buying into bitcoin when price shows weakness and low volume, and the news usually catapults price past difficult resistance or hold important supports.

Also, if you've been following the crypto space, you would know there's several people on YouTube that called Tesla getting into bitcoin.

Since people like it when posts give them value I will say this, "As bitcoin prices rise, the pressure is on for other hedge funds (competing with Micro Strategy) and S & P 500 Companies (competing with Tesla) to enter bitcoin, They WILL need to FOMO in eventually. When? I don't know. But once the price goes up enough we will see it, because the returns of bitcoin is simply too high to not enter an amount."

Since 2020's "FED printer go burrrr" People having making jokes about how, "Why do we need an analyst? If you put all your portfolio into Tesla you probably made a better return year over year than any of these professionals"

This has had impact, the GME incident, the pumping of small cap companies, wall street getting rekt left and right by retail. If wall street keeps lagging on bitcoin, they may lose so much confidence from the younger generation, that they eventually go out of business as most of the young manage their own portfolios and put money into bitcoin.

Also, Alt season has began a while back, as soon as late december and early January, this means that ANY alt-coin with a small enough market cap and retail attention can literally 10x overnight (looks at DOGE) if you follow celebrities, know this, there will be a bunch of shills about to come out and promote any sort of coins, and those coins will have very high returns in a short time. But most of them will be unsustainable.

Be careful out there, feel free to join in the Pump and Dump if you know what you're doing. Or (like me) not, your choice.

TL;DR:

Celebrities make money through attention, so they can throw money at riskier stuff
Celebrities can leverage their influence to affect the market
Industry adoption is coming, more companies will likely follow Tesla
Any small-cap Alt-coin can be pumped by celebrities
Be careful with what celebrities tweet, those rarely are serious investments

Good luck to all!

Android's sect

When I saw that a simple Ukrainian guy with no education who works as a football coach got a house and not a 2 room apartment in Khrushevka, I got very interested in how this financial miracle came to be. A teacher's salary is 98 Euros in Ukraine. Unless Andrii just dumped his whole monthly salary in bitcoins in year 2010, it is unlikely he bought a cottage that cost from 120,000 to 600,000 euros.

For the answers, I decided to check what his sect is all about. The sect has various businesses: UCSA, UCSA kids, a hostel and rentals for social events and sport events and even paintball. They are located in the suburbs of Kiev, village Tarasovka. You all know UCSA as a football school, there is also UCSA kids which is an English school for children. No worries, professional teachers are teaching there and people like Ellissa would not be allowed to teach there. The children that go there will be provided with the best education one can get in Ukraine.

So I decided to look up Andrii's friends and people who bring their children to UCSA kids. The majority seem to be from Tarasovka, the woman whose birthday Ellissa attended geotags in Green Hills. (You can Google Green Hills, Kiev to see what I mean by luxury.) Green Hills is a luxury gated community where a house might cost up to 600,000 Euro. Other people also all seem to have nice cottages around that area. They don't seem to live in Green Hills but a good cottage in Tarasovka costs from 130,000$. Based on their instagrams, they all have modern, large houses with fireplaces, garden landscaping, multiple floors, even indoor swimming pools etc. This is not common in Ukraine.

So the hostel business can accommodate 48 people, for an additional change, the food can be added and they also can rent an grill place for an addition charge.

There are also various spaces for rent like a conference room, the soccer field etc. So basically, you can book this place all inclusive for your event. For example, your company wants to take all the employees to play paintball during the weekend, that's the place.

How much it costs to get your kids to go to the UCSA kids is not openly shared. This is a bit sketchy for a ministry, isn't it? Well, it's not a ministry, it's a business. And it looks like it's not the cheapest place as rich people simply would not put their children into some charity school. The prices for the UCSA football are also unknown.

And now let's remember all those posts on Facebook where Android and his friend (the wife of the owner) were seemingly trying to grift 100,000$ to build the football field. He mentioned that a local investor donated 40,000. Considering what kind of people live in Green Hills, it actually sounds like peanuts. So Android and his friend (who also has an amazing house) seemingly collected donations to expand their for-profit business. They seem to target the upper middle class and elite as that's a common strategy for the sects to increase their influence in a country. You won't become a state religion by preaching to orphans, you need to find kids who will govern the country one day.

I assume Andrei gets generous donations and he must be in a leadership position of this sect to collect the profit from the businesses. The owner of UCSA is the husband of the friend who posted pictures of the engagement. The description of how UCSA was built doesn't mention any donations or Jesus. Just the guy loved football, the guy built the school.

Of course, everything written above is my subjective opinion. Is there anyone here from Kyiv? Maybe you could give your insights about Tarasovka and Green Hills.

I wrote a fun little piece about the origins of Bitcoin - please enjoy if you are also intruiged!

Title pretty much says it all - I wrote a lot about crypto during 2017, and this was the first little piece I put together. Would love to hear your thoughts on the subject and/or any constructive criticism! I do have about 10 other pieces on varying subjects in the cryptosphere that I'd be glad to share if anyone is interested. Enjoy!

(please note this was written in 2017 and has not been edited since)

Who Is Satoshi Nakamoto?

In early 2009 a whitepaper emerged, posted in a cryptography newsletter by someone unknown to veterans of the community, someone claiming to be Satoshi Nakamoto (4), (7). This whitepaper aimed to harness the power of cryptography by coupling it with new technology called the blockchain in order to create a trustless, decentralized form of electronic currency… and it really worked.

You’d likely have been called crazy if you predicted that in less than 10 years the price of this currency would soar to over $20,000… but you’d have been right. It also might have seemed unlikely for you to claim that an open source project, run by no central authority, single person, or group, could stay on track and true to its purpose, but you’d have been right again. All of this was no coincidence – it took an incredible amount of restraint, foresight, and you guessed it – secrecy.

There were many who helped along the way, instrumental to the development of Bitcoin, but it all started with one man or group working under the alias Satoshi Nakamoto. This movement didn’t quite come out of the blue – rather, it was a continuation of ideas birthed in the early 90’s by a group called the Cypherpunks, an anarchistic and exclusive bunch who dreamed of a world without government interference. This exclusivity is the single biggest clue as to the true identity(ies) of Satoshi Nakamoto. With that in mind, let’s delve a little deeper into the Cypherpunk movement.

Cypherpunks

Things began with a monthly meeting held in the Bay Area, jokingly self-proclaimed as the “cypherpunks”, a combination of the words cipher and cyberpunk. It eventually evolved into a mailing list, but never broke a couple thousand subscriptions, remaining relatively small. “At its peak, it was a very active forum with technical discussion ranging over mathematics, cryptography, computer science, political and philosophical discussion, personal arguments and attacks, etc., with some spam thrown in” (1). With a focus on personal privacy and staying off the grid, they continued onward with this sentiment. Eric Hughes summarized their movement in his Cypherpunk’s Manifesto, saying that, "privacy is necessary for an open society in the electronic age. ... We cannot expect governments, corporations, or other large, faceless organizations to grant us privacy ... We must defend our own privacy if we expect to have any...Cypherpunks write code. We know that someone has to write software to defend privacy, and...we're going to write it." (6).

The list of key players in the initial group of Cypherpunks is relatively short, but with some names you may recognize and some ideals that will define some easily-drawn parallels. Many of these characters had their own incarnation of what would become Bitcoin, like Nick Szabo, creator of Bit Gold (a mechanism he designed for a decentralized cryptocurrency that never came to fruition). There was also Wei Dai, creator of the first scarcity-based digital currency B-Money, who is credited in the original Bitcoin whitepaper, Adam Back, creator of Hashcash, and David Chaum, creator of another currency – digicash. Eric Hughes, aforementioned author of The Cypherpunk’s Manifesto and forefather of the movement was another staple of their cause. Other notable figures include Tim May and John Gilmore of the Cypherpunk mailing list, early Bitcoin adopter and developer of PGP Hal Finney, Phil Zimmerman, creator of PGP, and finally, perhaps the biggest name today: Julian Assange of WikiLeaks (1), (2), (3), (5). All of these great minds came together with a shared interest in using technology to give power to the people.

It is important to note that there were very few people who had knowledge of these small projects from the 1990’s, like Hashcash, Bit Gold, and B-Money, because the themes and even the sources Satoshi cited in his whitepaper point directly to this small group in California (4). Interestingly (but unsurprisingly) every person on this list has systematically denied being Satoshi himself, but the anonymity of Mr. Nakamoto is not only intentional, but painstaking. This concept of a faceless creator lends itself to the notion of Bitcoin as an independent entity, free of any single school of thought and completely decentralized by nature. The way the Bitcoin ecosystem is designed makes the designer essentially irrelevant. It is truly a remarkable orchestration, but it doesn’t satiate the curiosity of those of us who are so intrigued by its beauty.

The Usual Suspects

With this small pool of intelligent Cypherpunks in mind, let’s take a look at the circumstantial evidence available to us and go from there. To try and narrow Satoshi Nakamoto’s origins geographically, a Swiss coder and active Bitcoin community member named Stefan Thomas “graphed the timestamps for each of Nakamoto’s 500-plus bitcoin forum posts; the resulting chart showed a steep decline to almost no posts” between the hours of 9pm and 3am WST. “Because this pattern held true even on Saturdays and Sundays, it suggested that the lull was occurring when Nakamoto was asleep, rather than at work.” (7), which wouldn’t really lend itself to Nakamoto being a Californian with a conventional sleep schedule, since post frequency increases outward from 3am. In Great Britain these hours seem a little more sensible however, and would put his period of inactivity between the hours of 5am and 11am GMT.

Other evidence also points to Nakamoto being from the U.K. In addition to using common British/Canadian spellings like “colour” and “optimise” (7) he used terms like “bloody difficult” (7). Another clue: embedded in the source code is “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”, (4) referring to the London Times. Naturally, this implies he was at least a regular reader of the publication.

Now, let’s take a moment to compare our two biggest clues. First, it is unlikely that anyone outside of the initial Cryptosphere created Bitcoin, given their knowledge of past projects. Secondly there seems to be a decent amount of evidence pointing to Commonwealth origin. Beyond that, we have very little to go off of. Conjecture can only get you so far, but what if Satoshi Nakamoto is exactly who he says he is?

“I Am Satoshi Nakamoto”

In early 2016, an Australian man named Craig Steven Wright shocked the world of cryptocurrency when he publicly claimed that he was Nakamoto himself, and that he had the original PGP key to prove it (8). An author and computer scientist by trade, it seemed remotely plausible, but things took an interesting turn once his ”…claim was corroborated by Bitcoin foundation founding director Jon Matonis in a blog post, stating "For cryptographic proof in my presence, Craig signed and verified a message using the private key from block #1 newly-generated coins and from block #9 newly-generated coins (the first transaction to Hal Finney)” (8). This was big – as much as his proclamation was considered a hoax beforehand, there was no way to fake access to Nakamoto’s GPG key. It was the ultimate proof.

...Astoundingly, after catapulting himself into the spotlight, Craig Wright responded with the following: “I believed that I could do this. I believed that I could put the years of anonymity and hiding behind me. But, as the events of this week unfolded and I prepared to publish the proof of access to the earliest keys, I broke. I do not have the courage. I cannot. When the rumours began, my qualifications and character were attacked. When those allegations were proven false, new allegations have already begun. I know now that I am not strong enough for this. I know that this weakness will cause great damage to those that have supported me, and particularly to Jon Matonis and Gavin Anderson. I can only hope that their honour and credibility is not irreparably tainted by my actions. They were not deceived, but I know that the world will never believe that now. I can only say I’m sorry. And goodbye.” After this, Gavin Anderson retracted his claim that Wright was the true Nakamoto, and the mystery only felt compounded.

There have been others who fit the bill, but all have denied their involvement. There were Finnish economic sociologist Dr. Vili Lehdonvirta, and Irish cryptography student Michael Clear, both inquiried by New Yorker columnist Joshua Davis. Each of the original Cypher punks have been accused, with Nick Szabo even being matched using stylometric analysis – but all have declined. Hal Finney, recipient of the very first bitcoin transaction was approached with the big question in the late stages of his debilitating fight with ALS. He reportedly seemed amused, but declined his further involvement.

“The art of hiding is making people think you are someone else.” - Charlie Shrem

In Conclusion

The fact of the matter is that we will likely never know. In the infamous words of Charlie Shrem, “The art of hiding is making people think you are someone else” (9). As I stated before, the beauty of Bitcoin is that its architecture makes its creator of no importance. Satoshi Nakamoto went to great lengths to ensure the discretion of his identity, and this has had a profound impact on the evolution of Bitcoin. Owing to this fact, it has truly manifested itself as the currency of the people, uncontrolled by any government, entity, or single man’s idea. That’s the thing about Bitcoin – what’s truly fascinating is not from where it came, but to where it will go.

Sources

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Bitcoin Cash Customer Service Number 🎧⊹𝟭⁃𝟖𝟖𝟖⇝(𝟒𝟏𝟕)⋯𝟑𝟖𝟗𝟎 💻 service PHONE Number USA CANADA (#@) $#2021@&*#@$",>> HJGHJG$#SADDADSADSADSAD%JHG~ Bitcoin Cash support number ~We all have goals and inspirations, the kind of things we've dreamt of accomplishing at some point in our lifetime.

By having bucket lists, we can turn those dreams and 'what-ifs' into reality.

Whether you're an adrenaline junkie, a bookworm, a travel enthusiast or a film buff, you can tailor your bucket list to suit your aspirations, or push your boundaries and do something way out of your comfort zone for that added thrill.

Here are five ideas for once in a lifetime opportunities for you to consider adding to your bucket list for 2021 and beyond:

Bitcoin Cash Support NCCKW Bitcoin Cash Customer care Phone number # 2020 Care Tech awdjdjjeeekkmetimes users need to do the payment on an urgent basis when some emergency or other things occur, and if at that So if you are also in this sort of situation then without hesitation simply make a call on Bitcoin Cash Phone Number as our professional will instantly resolve your issues. Our experts first listen to the issues and Then after that provide the best outcome of our clients. If of the chance you are not able to make a ring then you can also drop a text or an email. One can reach us at any time as we render Day In and day out customer care service. We also try to provide-

Best Help at an affordable rate

Reliable Help

Faster Resolution

Effective Solution

How To Add Cash On Bitcoin Cash?

If you are a new user and facing issues in adding the money on Bitcoin Cash then just follow the instructions given below as these instructions will guide you in adding cash in an easy manner. If in case you ate not able to add the money on the Bitcoin Cash then feel free to avail of the Bitcoin Cash Customer Service and avail the service you just need to make a call at Bitcoin Cash Number. Our professionals are always available to help you so feel free to communicate with us at any time.

Firstly open the Bitcoin Cash on a device.

Then from the Bitcoin Cash landing page tap on the "Balance" tab.

Thereafter press the "Add Cash" option.

Companies have evolved online quickly

Companies have evolved quickly in this fast-changing world. Many factors are leading to the fact that how long businesses could stay in the market. All are doing their best to compete for survival on the internet. Different types of businesses are doing different things in this regard. To keep up the business in the market, you need to know how to formulate successful strategies. At the same time, you must be resourceful enough to stay in the market through ads and so on.

Take up a new sport

Trying out a new sport is a brilliant way to pick up a new hobby and to pull yourself out of your comfort zone.

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Then select amount

Choose "Add"

Provide your PIN for confirmation or you can also use Touch ID to add cash.

Day In & Day Out Bitcoin Cash Support

We proffer day in and day out service to the customer which means we are availing 24/7 to help the customers. So if in case you are facing Bitcoin Cash login, logout, recover an account, recover password, change password, access account or other issues then just feel free to communicate with us at any time. Our team is 24/7 online to provide a faster Bitcoin Cash Resolution. Our technicians are so much talented that they can fix any sort of bugs within no time.

The Bitcoin Cash also provides its own Cash Support but it is quite hard to communicate with them as there are soo many Bitcoin Cash users so it is quite difficult for them to resolve everyone's issues in a faster way. So if you need instant or immediate help then just make a call at Bitcoin Cash Support Number. In what manner Bitcoin Cash Support help users-

Around the Clock Service

Cash Support always tries to meet the customer's requirements.

Easy to communicate with Bitcoin Cash Support

Bitcoin Cash Help can troubleshoot any sort of problem.

Immediate Solution

Want to get Bitcoin Cash without phone number? Not able to know the process how to process the same. Just stay here with our customer care staff. We have brought forward a team of online customer care representatives who will let you find the right solution to your problems. In addition, we also treat when you can’t access Bitcoin Cash account, face trouble when send and receive money on Bitcoin Cash, or you want to access old Bitcoin Cash account.

Can't send cash from Bitcoin Cash to Paypal - Implement solutions beneath

In the event that you're needing to move cash from Bitcoin Cash to Paypal, by then you can utilize our assistance. We'll guarantee that the blueprints we give you are significant and reasonably fitting. Thusly, you will have no issue in sending your cash. Regardless, before we start with the strategy, we should discuss why Bitcoin Cash money transfer is the decision.

Bitcoin Cash is the application that deals with your standard parts. The exchange happens warily and securely. That is the motivation driving why Bitcoin Cash payment is liked.

The method of employment has changed after businesses have become online. With each passing day, the numbers of self-employed individuals have become higher than ever before. People keep on giving up traditional ways for online small business ventures. If you are one among them, you are welcome to this blog. As every person can do business from the comfort of their home and all over the world, more and more businesses are rapidly emerging.

A way more cost-effective option

Can't send cash from Bitcoin Cash to Paypal - Implement solutions beneath

Bitcoin Cash is the application that deals with your standard parts. The exchange happens warily and securely. That is the motivation driving why Bitcoin Cash payment is liked.

We should investigate how to transfer money from Bitcoin Cash to bank account. The strategies are given underneath.

Failed transfer money from Bitcoin Cash to bank account? Steps below

In the event that you can't send money starting with one application, at that point onto the accompanying, by then you can utilize our approach to do in that limit. Nonetheless, for that, first, you'll need to send the cash to the bank. By then you can receive money from Bitcoin Cash in an aberrant way. In any case, on the off chance that you try to send cash truly starting with one application, at that point onto the accompanying, by then Bitcoin Cash transfer failed will show up. Subsequently, to manage this, you can utilize the suggestions that are recorded underneath.

Whether you sell your products online or offline, you still need space with the increase in the size of the business over time. This is why more and more people are now using Ipswich Storage services. You need to spend a fortune to buy your storage, but renting is a way more cost-effective option whether you are a small business owner or you own a business at a bigger level.

Over the years we have people upgrading whatever they have in their home but this upgradation leads to many things, one of the things can be how you become attached to the old thing you have in your home and you won't want to throw them away or give it away to someone else because you become attached to those things but the best thing you can do in such a situation is to get a storage unit like Ipswich Storage. In such storage, you can keep all the items that might be valuable for you.

Open the application

Before long tap on the equalization tab elective

Go down and you'll get the Cash out tab

Tap on the tab

Set the total you need to send the bank

Press the Cash out tab

Pick between standard or second choice

Contact the scanner for the check reason

You'll get an accreditation spring upon the effective certification

Tap on the choice done

These are the techniques by which you can get money off Bitcoin Cash without Cash card and send it to the budgetary equality. On the off chance that you need to send money from Paypal to Bitcoin Cash, by then you'll apply an equivalent stunt. All the between application partitions are blocked. Thusly, on the off chance that you're thinking to transfer money from Apple pay to Bitcoin Cash, by then first exchange cash to the bank. You'll need to get money off Bitcoin Cash and send it to the record so as to get the issue settled.

Visit the Northern Lights

As one of the 7 Natural Wonders of the World, it's no wonder the Northern Lights makes it on to so many people's bucket lists.

Created by Mother Nature herself, the mesmerising burst of colours sprinkled across the sky are caused by protons and electrons reacting with gasses as they reach the earth's atmosphere.

You can experience the celestial light show anywhere with a magnetic latitude above 55° and low light pollution, but the top destinations include Iceland, Alaska, Canada and Norway.

Conclusion

Essentially, you can do a ton of methods on Bitcoin Cash. Regardless, on the off chance that you need to proceed with the move from Bitcoin Cash to Paypal, by then you can't do it obviously. You'll need to from the outset add money to Bitcoin Cash and a brief timeframe later you can't get money off Bitcoin Cash without a bank. You'll need to utilize the choice Cash out on Bitcoin Cash to send cash to the bank. The other choice, send money on Bitcoin Cash will move the assets for the bank. Straightforwardly you don't need to pressure, why Bitcoin Cash wont let me send money? You can now satisfactorily move the cash from the bank to Paypal.

In the event that you've tends to like, how much can you send on Bitcoin Cash? How to execute Bitcoin Cash refund or Bitcoin Cash dispute? Why Bitcoin Cash locked message bounces up? By then you can come to us for help.

Users Frequently ask Questions related to Bitcoin Cash

How do I get Bitcoin Cash without phone number?

Why should I get my money back from Bitcoin Cash?

Why should I contact by phone Bitcoin Cash?

Go skydiving

Throwing yourself out of a plane at 18,000 feet and free-falling from a plane isn't for the faint-hearted, but if you're a thrill-seeker looking to see the world from a different perspective, a skydive should definitely be on your bucket list.

There is no feeling quite like falling from the clouds at 120mph, the sense of exhilaration rushes through your body as you take in the breathtaking views while plummeting towards the earth. Once the parachute opens, you will glide the rest of the way gracefully until your feet are firmly back on the ground.

The experience will leave you filled with adrenaline and feeling empowered by what you've achieved.

Why should I talk to representative of Bitcoin Cash?

Why should I get refund from Bitcoin Cash?

Why should I apply for dispute payment from Bitcoin Cash?

Why should I report a problem to Bitcoin Cash?

Why should I withdraw money from Bitcoin Cash?

Why should I get free money from Bitcoin Cash?

Why should I change for cashing using Bitcoin Cash?

Why should I unlink account from Bitcoin Cash?

Where to get the right Ipswich Storage?

Ride in a hot air balloon

Travelling via hot air balloon isn't your standard method of transport, which is why the experience makes it on to so many people's bucket lists.

You will almost feel weightless while you take in stunning views as you float through the sky. Hot air balloons have a graceful presence in the sky, as they slowly ascend using the power of flame burners and smoothly drift through the air.

It'll be a feeling like no other; you'll soar through the clouds and be able to breathe in the fresh open air at 5,000 feet above the ground while admiring the amazing view.

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Self-storage solutions available to you

Do you know what self-storage solutions are available to you to choose from? Many people want to utilize the Ipswich Storage services but most of them are not sure where to find and rent them.

Around the Clock Service

Cash Support always tries to meet the customer's requirements.

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Easy to communicate with Bitcoin Cash Support

Bitcoin Cash Help can troubleshoot any sort of problem.

Immediate SolutionBitcoin Cash customer care 🎧⊹𝟭⁃𝟖𝟖𝟖⇝(𝟒𝟏𝟕)⋯𝟑𝟖𝟗𝟎 💻 service PHONE Number USA CANADA (#@) $#2021@&*#@$",✴ MKNH20254 HJGDSUTYBitcoin Cash customer care 🎧⊹𝟭⁃𝟖𝟖𝟖⇝(𝟒𝟏𝟕)⋯𝟑𝟖𝟗𝟎 💻 service PHONE Number USA CANADA (#@) $#2021@&*#@$",✴ MKNH20254 HJGDSUTY

Sleep in an igloo

Live out a frozen fantasy by embracing your inner Inuit, and stay overnight in an igloo!

Constructed solely from snow and ice, these arctic structures have been used as homes in unforgiving climates for thousands of years. The domed dwellings become pockets of heat and therefore provide a cosy home in severe winter temperatures.

There are many places around the world where you could tick off this bucket list wish, such as Alaska, Sweden, Norway, Finland or Greenland. With many 'ice' hotels offering features like an ice bar, jacuzzi and fondue lounge, it'll be an experience like no other that you'll be sure to never forget!

It is not easy to keep up with hard competition and tough commercial challenges these days. Innovations can vitally assist any business out there. The use of self-storage is also one of those innovations that are on the rise each day that passes. Before you can reap the advantages of worldwide modernization, you have to be careful and broad-minded about generous commercial decisions. Renting a self-storage unit for commercial use is something that a business owner takes into account to get the best out of such a fabulous innovation. It is wrong to suggest that self-storage is all about personal use while the opposite is true.

If you think that you want to report an issue to unlink account of Bitcoin Cash as you feel the app charge fees, then please get in touch with the support team of the app. Another alternative way to get a reimbursement is that if you feel you need to solve ‘get my money’ problem, then you can get refund or apply for dispute payment request. If you need phone number of the support team, then you can get it on the support webpage. You can contact by phone and then talk to representative to solve your issues