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Bitcoin Was Never Cypherpunk, and Satoshi Nakamoto was Never Meant to Be Anonymous, Craig Wright Says

Craig Wright is determined to make the world accept him as the creator of Bitcoin and the man behind the identity of Satoshi Nakamoto. But instead of signing the genesis block (something the community has agreed to accept as irrefutable proof of his identity) he thought it would be better to write a post removing the cypherpunk roots from its creation

BSV: The BCH fork promoted by Craig Wright as the Original Bitcoin (instead of BTC)

In an article published on his official website, Wright says he emailed Gavin Andresen in 2011 explaining that Bitcoin was never a cypherpunk thing and he did not support (and in fact was the opposite of) those who professed this philosophy:

“Bitcoin was never a cypherpunk experiment.
I left the Cypherpunks mailing list in the ’90s because I couldn’t stand people like Julian Assange. I couldn’t stand what some of the people there stood for. I was the opposite of many others on the cryptography mailing list. Even those people I liked, such as Tim May, held concepts that I could not stand.”

This is quite odd since Satoshi Nakamoto shared his creation precisely with the cypherpunk community that interacted in the metzdown mailing list

Moreover, although Wright did not support these guys, the cypherpunk philosophy – summarized in the Cypherpunk’s Manifesto – is very similar not only to the idea explained in the Bitcoin Whitepaper but also to the way of thinking Satoshi reflected in the early days of Bitcoin:

Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn’t want the to know, but a secret matter is something one to know. Privacy is the power oneself to the world …

Privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system … We cannot expect governments, corporations, or other large, faceless organizations to grant us privacy out of their beneficence.

And although Satoshi Nakamoto never shared his identity, never used his real name and never provided any personal information, Wright says to Gavin he “didn’t want to be a shadowy figure, such was never the intent of Bitcoin.”

In the end, anyone who has faith in Craig is free to believe he is Satoshi Nakamoto, and anyone who wants to believe that Bitcoin was an experiment to create a centralized, government-controlled, fully regulated transaction system is also free to believe it.

The post Bitcoin Was Never Cypherpunk, and Satoshi Nakamoto was Never Meant to Be Anonymous, Craig Wright Says appeared first on Ethereum World News.

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Stunning Reason to Get into Cryptocurrency – How Much $10 Invested in Bitcoin in 2010 Is Worth Now

Year 2017 did include Bitcoin with its surprises as it did with Litecoin, Ethereum and so on. Against the USD, BTC has increased up to 320% in just 9 months now. Which is very weak against the early years of Bitcoin’s rise. It could easily shock you how much you would have in capital if only a few dollars would have been invested when it all started.

Rolling back just a little in history – Bitcoin’s first exchange for trading did open in March 2010, when BTC per coin value was around $0.003 paired with USD. The very first Real-World transaction for Bitcoin did take place in Jacksonville, Fla in 2010 for 2 pizzas.

  1. Noticeable Spike took place in July 2010 – From $0.008 to $0.08.
  2. In 2011 it first reached $1.
  3. The first Major crash was experienced in 2011 as from $31 it deep-dived to $2.
  4. In two years 2011-2013, BTC/USD did climb to $266 from $2 and then found stable trading ground at $130.
  5. Through 2014 it was notable that the value hovered below $1000 and over $350.
  6. In Aug 1 2017 Bitcoin’s Network split into Bitcoin and Bitcoin Cash (BCH) so the ownership of both coins would come to you if you did have BTC before the split.
  7. In September 2017, Bitcoin reached $5,000 for the first time and now its price is above $3,700 and BCH against the USD is approx $450.

If we say that you invested lets say around $10 USD in 2010 it would mean 3,333 bitcoins . With Bitoin’s as time of the press value and Bitcoin’s Cash price you investment would count now up to almost $14 million.

Despite that do not forget somebody even traded more than that for two pizzas!

For now it is very worth to remember that majorly the prices of cryptocurrencies are being built over speculation as major adoption is still yet to come. For that sole reason the future of all the price is clearly in the hand of the industry and the team behinds them. But as time passes, the mainstream factor is kicking-in and the demand will grow in contrary to the supply so optimistic forecasts are welcomed.

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