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I’m Not Satoshi — I Don’t Have That Much Money, Says Sci-Fi Author

Popular speculative fiction author Neal Stephenson says suggestions he could be Satoshi Nakamoto are “flattering” but unfounded.

Popular speculative fiction author Neal Stephenson says suggestions he could be Satoshi Nakamoto are “flattering” but unfounded. 

Cryptonomicon or bust

Stephenson made his remarks during an interview on the Conversations with Tyler podcast on July 17 in response to a half-jocular suggestion first proposed in Reason magazine article this spring. 

The novelist told Tyler Cameron that when he had read the article, he understood that the journalist was “largely just goofing,” — yet added: “I hope nobody takes it seriously.” He explained: 

“It’s flattering that anyone imagines I’ve got the mathematical know-how needed to make something like blockchain […] it requires a very high degree of cryptographic knowledge and coding skill that is beyond my abilities, certainly. And I definitely do not have the lifestyle of a person who has that much money.”

The Reason article had pointed to Stephenson’s impressive literacy in science, math and engineering and to his profound immersion in the technological imaginary — all of which permeates his fiction, notably the 1999 novel Cryptonomicon

It went deeper, arguing that his works display “an obsessive, technically astute fascination with cryptography, digital currency, [and] the social and technological infrastructure of a post-government world.” This — combined with the influence of the cypherpunk movement on his early work — could perhaps bolster the reporter’s otherwise seemingly outlandish claim.

Yet despite these solid credentials and the article’s ingenious parsing of Stephenson’s fiction through the lens of the crypto world’s founding myth, the author was adamant in his denial.

When fiction becomes reality

Stephenson nonetheless gave some informed comments on the emerging sector, noting that his interest lies in the far-reaching potential of distributed ledger technologies rather than cryptocurrencies in themselves:

“When people want to talk to me about a new cryptocurrency, I tend not to be super interested in continuing that conversation. But when they want to talk to me about using distributed ledgers to enable some other kind of initiative, then frequently, it can get very interesting indeed.”

As reported, Nakamoto’s abrupt disappearance in late 2010 spawned a legend almost as famous as the cryptocurrency he, she, or they invented on Oct. 31 2008 with the publication of the Bitcoin white paper

Controversially self-proclaimed creator of Bitcoin Craig Wright has drawn much ire for his hubristic claim to fame, while Bitcoin pioneer Jeff Garzik has ventured his personal hypothesis that the coder Floridian Dave Kleiman could be the mysterious figure behind the coin.

In June, Cointelegraph reported that two satirical books published under Satoshi Nakamoto’s name had recently surfaced on Amazon.

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Craig Wright Uses Falsified Docs to Prove Innocence in Kleiman Case

Trial lawyer Stephen Palley has pointed out apparent evidence of fabrication in Craig Wright’s court documents in Kleiman case.

Self-proclaimed Bitcoin (BTC) creator Craig Wright has allegedly provided fabricated court documents to prove a trust deed with his plaintiffs, as seen from documents revealed by trial lawyer Stephen Palley on Twitter on July 3.

According to Palley, the self-styled Satoshi Nakamoto has failed to prove his case by presenting court documents that Palley alleges to be fake, as they contain multiple chronological discrepancies.

Among the exhibits filed with the District Court for the Florida Southern District on July 3, there is a document submitted as proof of cooperation between Wright and the now-deceased David Kleiman, whose lawyers filed the case against Wright in February 2018. Kleiman’s lawyers accuse Wright of stealing hundreds of thousands of Bitcoin — at press time valued at over $5 billion — after Kleiman’s death in April 2013.

While the presented deed of trust document is ostensibly dated Oct. 23, 2012, the metadata of the file indicates that the document was actually created after the death of Kleiman, as Palley found. The trust document apparently uses a 2015 copyright notice related to Calibri, the Microsoft Word font, indicating that the document could not be from earlier.

Alleged falsification of trust deed documents by Craig Wright

Alleged falsification of trust deed documents by Craig Wright. Source: Stephen Palley

Following the apparent accusation of Wright for forging the court documents, Palley wrote:

“I mean it makes sense that the inventor of bitcoin can time travel.  Your honor.”

In late June, Wright declared that he cannot comply with a court order to provide a list of all his early bitcoin addresses, claiming that he gave a key piece of information regarding the funds and wallets to Kleiman before his death.

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Satoshi Nakamoto Apparent Author of Two Upcoming Books on Amazon

Two new books published under Satoshi Nakamoto’s name have appeared on Amazon.

Two different books published under Satoshi Nakamoto’s name have recently appeared on Amazon.

According to Amazon, both of the books — Wave and Ripple Design Book and The Official Bitcoin Coloring Book — are scheduled for release on June 28. The profile of the author makes it clear that he indeed claims to be the same Satoshi Nakamoto who created bitcoin (BTC):

“Satoshi Nakamoto is the renowned inventor of Bitcoin.”

The author’s profile also states that “100% of his book royalties to support STEM and environmental education programs serving underprivileged youth.” The store descriptions of the books themselves seemingly contain inside jokes about the cryptocurrency space and the myth of Satoshi Nakamoto.

Wave and Ripple Design Book, for instance, appears to hint at both the Japanese roots of the bitcoin creator’s pseudonym, as well as to Ripple (XRP):

“A wonderful selection of wave and ripple designs curated by Satoshi Nakamoto. […] Yuzan’s designs were often used by Japanese craftsmen in the early 1900s to adorn their wares with wave and ripple patterns.”

The second book, The Official Bitcoin Coloring Book, contains less subtle jokes such as stating that it has been “printed on a brilliant white paper.” The product page also displays editorial reviews by Etheorum creator Vitallike Buttering, J.P. Morgain CEO Diamond James, and billionaire investor and Chairman of the Bored Buffet Warden, all misspellings of individuals and organizations famous within the space.

As Cointelegraph recently reported, many have claimed to be the mysterious Satoshi over the last 10 years, but their assertions have always been met with skepticism and have lacked any substantive evidence.

At the end of May, a Chinese citizen residing in California claimed copyright to bitcoin’s white paper, claiming to be Satoshi Nakamoto. This copyright claim came on the heels of an identical one by Craig Wright, who has long declared himself to be the inventor of bitcoin, despite public backlash and his own periodic slip-ups while maintaining that narrative.

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Who is Bitcoin Creator Satoshi? Libertarian Publication Presents Candidate

Sci-Fi Author ‘Proposed’ as Bitcoin Creator

The crypto industry’s greatest mystery is the identity of Satoshi Nakamoto, the creator of Bitcoin. Despite the many attempts to unveil his identity through an analysis of his writing, skills, and when he sent messages on online forums/e-mail, no one has come out with full conviction that someone is Satoshi. But, there is a multitude of candidates that fit the bill.

Libertarian publication Reason, whose tagline is fittingly “Free Minds and Free Markets”, recently ‘proposed’ a candidate for the seat of Satoshi. This being Neal Stephenson, a sci-fi author and futurist. The magazine proposes that considering Stephenson’s love for cypherpunks and experience in the technology field, he could have theoretically been involved in Bitcoin from the get-go. Stephenson worked as an early employee of Amazon founder Jeff Bezos’ Blue Origin, for instance, and has written a number of books about cypherpunk-ness and even mentioned the ideas of math, money, and philosophy in tandem in a set of novels.

Reason reminds readers that this is more hypothetical than anything, but goes to show that really anyone can be Satoshi, even if their profession isn’t technology-centric or if their LinkedIn profile doesn’t read “philosophic thinker”. Indeed, according to some analyses of Satoshi’s code and as made apparent by the bugs of the original Bitcoin client, the godfather of the cryptocurrency revolution was purportedly not a skilled programmer, but sure did have the chops to make a decentralized digital asset set to change the world.

Will The Real Satoshi Please Stand Up?

This recent ‘postulation’ of sorts comes after Invest In Blockchain’s Jeremy Wall broke down a new theory in depth. He brings up the idea that Paul Solotshi Calder Le Roux, a convicted criminal and cryptographer, is the creator of what we know as Bitcoin today. Here’s a brief summary of some of the points that Wall laid out in the report.

  • Paul’s middle name, Solotshi, is eerily similar to Satoshi. This isn’t exactly conclusive, especially considering that La Roux is anything but Japanese, but it’s a start.
  • Le Roux created TrueCrypt, showing that he a skilled cryptographer. This software is also purportedly what Satoshi used to secure his keys to his stash of BTC.
  • Some of the criminal’s writings were eerily similar, both in terms of ideology and diction (words like “colour”, “analyse”, etc.), to Satoshi’s.
  • Satoshi disappeared around the same time that Le Roux was thrown into jail.
  • Le Roux is purported to be in some way connected to Craig Wright, who claims to be Satoshi and was clearly involved in Bitcoin’s early days.

As of the time of writing this, Le Roux is in prison, and thus nobody has been able to verify the veracity of the aforementioned claims. So for now, it seems we won’t know who Satoshi is.

Photo by Fortyozsteak on Unsplash

The post Who is Bitcoin Creator Satoshi? Libertarian Publication Presents Candidate appeared first on Ethereum World News.

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What Is a Satoshi, the Smallest Unit on the Bitcoin Blockchains

Why Twitter has been using Satoshi more and more often.

From paying for pizza with satoshi (SAT) on the Lightning Network to the 10,000 satoshis being added to the Lightning Torch each time it is passed, down to the 1 sat/byte rate on the bitcoin SV network, SAT is being used more and more in blockchain and crypto conversations.

The satoshi is the smallest unit that is recorded on the bitcoin blockchains: One satoshi represents a decimal, seven zeros and a 1, followed by any of the bitcoin tickers — i.e., bitcoin (BTC), bitcoin SV (BSV) or bitcoin cash (BCH). In other words, 0.00000001 or  1.0 *108, in scientific notation.

Satoshi's Value

SAT is becoming more common in day-to-day blockchain and cryptocurrency conversations. Bitcoin mining software like HoneyMiner pay your mining reward in SAT, #StackingSats is a hashtag used frequently on Twitter, and the Lightning Torch was accounted for in satoshis — just to name a few instances of the word being used.

But many — especially those who are new to blockchain and cryptocurrency — may be seeing these current events that involve the SAT and asking themselves “What is a satoshi!?”

What is satoshi, and who created satoshi?

When we say “satoshi,” we actually are not referring to Satoshi Nakamoto, the pseudonymous creator of Bitcoin. However, the satoshi we refer to similarly goes back to the early days of bitcoin and the BitcoinTalk forum.

It all began on Nov. 15, 2010, when BitcoinTalk user Ribuck proposed that 1/100 of a bitcoin (0.01 BTC) — the smallest unit that could be displayed on the interface, at the time — be called a satoshi. Although Ribuck made this proposal, none of the other users on the BitcoinTalk forum affirmed or denied his proposal. This may have been because the thread at hand was a poll where voting took place regarding the best Unicode character for bitcoin, which has nothing to do with units of account and, therefore, may have made Ribuck’s comment look out of place.

However, when Ribuck joined in on Unicode thread, he entered with a question:

“What’s the plan for subdividing Bitcoins? Do we go in thousands like the metric system (millibits, microbits, nanobits)?”

It was a good question, but a question that nobody was willing to answer, confirm or deny. As a result, the idea expired, and there was no action taken regarding Ribuck’s proposal — at least, not at first.

Three months later, on Feb. 10, 2011, Ribuck made a similar comment regarding the unit of account denominations. But this time around, Ribuck’s comment felt more at home in a thread titled, “More divisibility required — move the decimal point.” This time, when Ribuck joined the discussion, he got feedback — eight days later, in an entirely new thread titled Bitcent, in which BitcoinTalk user Kolbas decided it was time to think about smaller monetary units recorded on bitcoin’s blockchain.

On the Bitcent thread, a user commented reinstating Ribuck’s initial proposal, the user said:

“1 satoshi = 1 microbitcent (smallest denomination)

100 million satoshis = 1 bitcoin

Are we agreed?”

To which, another user replied, “affirmative.” And after that, it was all said and done: 0.00000001, the smallest unit that could be recorded on the bitcoin blockchain, became known as a satoshi from that moment forward.

Why the time lag?

Although satoshi entered the blockchain and crypto industry lexicon in 2011, it did not become popular — maybe even a buzzword — until recently. As of late, more and more people refer to SAT, mention SAT in their podcasts, have campaigns that revolve around SAT — for example, #StackingSats — or price goods and services in SAT.

Chris Mezzacappa, CEO of bitConsult, a bitcoin consulting company, said this may be because of price bias:

“Coming from a finance background, I automatically think of stock prices and stock splits. […] Ultimately, people want more of something and have price bias.”

If a stock has a relatively high value, the company may decide to split the stock so that the individual shares become more affordable — and easier on the mind — for retail investors. The same psychology applies to bitcoin having a high price tag, which is why cheaper altcoins typically could look more attractive and affordable to first-time buyers when they enter cryptocurrency markets (think Ripple or even Ethereum).

Mezzacappa continued:

“There’s been focus in the past on “moving the decimal” because of this. However, even with price bias aside, it does feel ridiculous buying something online with .001 BTC. I’m not sure sats will be the final answer — it’s too hard to remember how many decimal places bitcoin has. However, if the whole industry switches to sats, it may become second nature.”

As consumers, we are used to buying goods and services that have user-friendly price tags — whole numbers, or numbers that are rounded off at the end. But because of bitcoin’s relatively high price compared to the price of many day-to-day goods and services, when items are priced in BTC, they usually end up with relatively unattractive numbers — for example, $5 is 0.00057206 BTC, at the time of writing. However, SAT was able to change that and gave consumers a user-friendly number to work with — for example, $5 is equal to 57,206 satoshi, at the time of writing, which is not the prettiest, but cleaner than 0.00057206.

Jesse Xiong, a JPMorgan Chase Quorum Ambassador, has similar beliefs as Mezzacappa. Xiong believes that SAT has become more popular because, simply put, “decimals scare people.”

Most people aren’t fond of working with fractions and decimals. If things were priced solely in BTC, it could leave merchants with unattractive price tags that are likely to confuse consumers at the checkout.

That being said, you should familiarize yourself with SAT — because it could be here to stay, at least for the short term. After eight long years, satoshi has gained popularity. Satoshi has created a more convenient way to price goods and services in BTC — without the price tag looking unattractive or confusing to consumers. Both price and price bias seem to contribute to the time lag regarding SAT gaining popularity, but all in all, the industry appears to have made SAT a meme in and of itself, finding their own unique ways to incorporate satoshi into our lives — like the lightning torch — and doing so in such a way that these events that it is involved in have caught fire and gone viral in their own respects, bringing satoshi along for the ride with it.

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Satoshi Posers — Why So Many Takers for the Bitcoin Crown?

A number of people have filed copyright claims to the Bitcoin white paper in an effort to prove they are Satoshi Nakamoto.

The real identity of Bitcoin’s founder, Satoshi Nakamoto, has been a mystery since the inception of the preeminent cryptocurrency over a decade ago.

Over the last 10 years, various people have claimed to be the mysterious Satoshi, but their assertions have always been met with skepticism and have lacked any substantial evidence to prove the point.

This has seemingly come to a head over the last couple of months, as a number of people have gone a step further than claiming to be Bitcoin’s founder by filing copyright and trademark claims to the original Bitcoin white paper and the early code that birthed the cryptocurrency.

Cointelegraph explores the latest claims to the proverbial crypto’s Iron Throne and the possible reasons why people are trying to declare ownership of the open-source, decentralized cryptocurrency.

Timeline of Craig Write’s claim on bitcoin

Craig Wright’s outlandish claims

Australian businessman Craig Wright has long been a divisive figure in the cryptocurrency community, having claimed to be Satoshi Nakamoto from 2015 onward. His claims have surged in 2019, and Wright has gone to great lengths to try to prove his point, even suing the likes of bitcoin cash proponent Roger Ver and well-known crypto podcaster Peter McCormack for libel — after they’d vocally questioned his claims on social media.

Wright’s latest efforts to “prove” that he is Satoshi culminated in his legal representatives filing a copyright claim to the Bitcoin white paper as well as the early code for the protocol on May 21.

The United States Copyright Office received Wright’s registration as the author of Bitcoin’s white paper, but the news was met with heavy criticism from a variety of industry commentators and experts.

There has been plenty of speculation about the motives behind Wright’s claims. Nevertheless, there is no way of downplaying his link to Bitcoin SV (Satoshi’s Vision). Wright is the founder of nChain, the company that developed Bitcoin SV — and the cryptocurrency saw a huge price surge the week that Wright filed his copyright claims.

As cryptocurrency author David Gerard told Cointelegraph last week, Wright’s claims are nothing more than that. The U.S. Copyright Office does not check the validity of any statement or claim made to a copyright.

As per its official press release following Wright’s claim, the U.S. Copyright Office essentially admitted that it did not check any of the facts, it merely accepted the claim on the assumption of the validity of supporting documentation. The press release said:

“As a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials. The Copyright Office does not investigate the truth of any statement made.”

Furthermore, the U.S. Copyright Office conceded that more than one claim to a copyright can be registered, which is currently the case:

“A registration represents a claim to an interest in a work protected by copyright law, not a determination of the truth of the claims therein. It is possible for multiple, adverse claims to be registered at the Copyright Office.”

Wei Liu puts his hand up

Just days after Wright copyright claim was registered in the U.S., a Chinese citizen named Wei Liu filed his own claim to the Bitcoin white paper on May 24.

According to various news outlets, Liu is the current CEO of cryptocurrency market research firm Coinsummer. He was quoted as saying that he filed his very own copyright claim to prove a point that anyone can claim the copyright to the Bitcoin white paper.

The news was met with relative fanfare on social media, as cryptocurrency enthusiasts celebrated the satirical nature of the second copyright registration.

Further efforts by Cointelegraph to ascertain more details about Liu’s identity and whereabouts, as well as the accuracy of other reports, have come up empty handed. This also raises questions about the accuracy of varying reports, with some publications calling Liu a man and others saying the Chinese citizen is a woman, while there are differing reports of Liu’s previous and current employment situation.

Pablo Escobar’s brother also registered Bitcoin trademark

In an even stranger twist, there have been numerous reports that a company linked to the family of the late Colombian drug lord Pablo Escobar had, at one point, the trademark for Bitcoin.

According to documents from the U.S. Patent and Trademark Office, a company called Coin Legal Ltd. had registered the Bitcoin trademark in July 2018. A quick search of United Kingdom companies registered online shows the company has a sole director, Olof Kyros Gustafsson.

According to Gustafsson’s Twitter profile, the Sweidsh national is also the CEO of Escobar Incorporated. While other publications have claimed that the brother of Pablo Escobar, Roberto de Jesús Escobar Gaviria is the signatory of the trademark filing last year, investigations by Cointelegraph could not verify the veracity of those claims.

Coin Legal’s company details only list Gustafsson as the sole director of the company — there is no mention of Escobar Gaviria. However, the Escobar Incorporated website lists Roberto Escobar as the founder of Coin Legal.

The history page of the website claims that Roberto Escobar established the general holding company for assets and value protection.

It must be noted that a search of the U.S. Patent and Trademark database shows a number of filings for the Bitcoin trademark over the past two years. With so many claims to the trademark as well as the copyright to the Bitcoin white paper and code, it becomes increasingly difficult to pin down any proof of ownership.

Number of bitcoin related trademark applications filed

Blurred lines – What are the legalities of a copyright?

First of all, it is important to identify the jurisdiction in which a copyright claim is being made due to various treaties and conventions. Copyright, trademarks and patents in a global context are under the jurisdiction of the World Intellectual Property Organization. In the United States, copyright law is governed by the Lanham Act, also known as the Copyright Act of 1976, which provides the framework for existing copyright law in the country.

Internationally speaking, creative works are protected by various international treaties and conventions. Attorney Andrew Rossow points to one particular issue that holds significant weight:

“There are a number of international treaties and conventions that provide protection for creative works. The Berne Convention is the most important international treaty that addresses international protection for copyright. It prohibits member countries from imposing “formalities” on copyright protection, in the sense that the enjoyment and exercise of copyright be subject to any formality except in the country of origin.”

An important consideration in the ongoing debate around Bitcoin is whether a copyright registration proves that a specific person is the owner or creator of the work. The important thing here is to highlight the difference between “copyright registration and the granting of a copyright,” Rossow added, pointing out that it is common for individuals to confuse the two.

Firstly, under U.S. copyright law, an individual is granted copyright protection for original works they’ve authored in any medium of expression that can be perceived, copied or communicated. Rossow also explained that copyright registration gives the holder a legal reference to use:

“Registration, while not required, gives the copyright holder the ability to defend their work in court. Specifically, it allows the copyright holder to place on record, a verifiable account of the date and content of the work in question, so that in the event a legal claim arises, the copyright owner can produce a copy of the work.”

The case of Liu registering a second copyright claim on the Bitcoin white paper provides another interest legal scenario. A claim on the copyright could lead to a case of joint authorship if two or more people were responsible for creating a piece of intellectual property in question.

In trying to piece together the reasoning for Wright’s claim to the Bitcoin copyright, Rossow believes there are two possible reasons: Wright could be claiming to indeed be a co-author of the Bitcoin white paper, or he is claiming to be the only author and is therefore claiming infringement of the document.

So, the copyright grants its holder two types of rights: economic and moral. Economic rights allow the holder to receive financial rewards from the use of their works by others. Meanwhile moral rights give authors different means of preserving and protecting the link to their work.

Copyright Office does not validate claims of identity

Perhaps the most telling takeaway from this debacle is the fact that the U.S. Copyright Office does not check if applicants’ claims to a copyright are valid.

This is a problem facing the Copyright Office in modern times, and a scenario like this shines a light on that glaring shortcoming, as Rossow conceded: “It’s not the job for the Copyright Office to determine accuracy — that’s where the legal system and courts come in.” Nevertheless, Rossow maintains that “the value of a copyright is never taken away.”

Perplexing motives

Overall, the motives of Wright remain a bit of a mystery. Some have speculated that the copyright claim was required to carry out a number of libel lawsuits mentioned earlier in this article.

However, it is worth noting that if Wright was looking to carry out further litigious action, the original copyright needs to have happened in a country that subscribes to an international treaty.

But what makes matters even stranger are the two other trademark claims that have been launched by relatively unknown parties, whose agendas we can only speculate about.

The fact that people with wildly different backgrounds have tried to stake a claim to the Bitcoin copyright and trademark leaves so many unanswered questions.

Are these parties just doing this for personal gain? Is Satoshi really trying to prove his real identity?

Over the past decade, shady characters have been part and parcel of the cryptocurrency community. The initial coin offering rush in 2017 was a good example of how many people rushed into the space to scam unwitting investors to make a quick buck.

These latest claims could be just that. The only thing that will prove otherwise is substantial, undeniable evidence linking these various claimants to Bitcoin. Until that point, the cryptocurrency community will continue to be skeptical of such claims.

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Tron (TRX) Gains Massive Exposure Ahead of Justin Sun’s Lunch With Warren Buffett. Sun Beats Satoshi Nakamoto in Google Trends

Justin Sun -the founder of Tron (TRX)- has been labeled in many different ways by the community. From genius to conman, there have been many opinions as to whether this young man’s influence on the ecosystem has been positive or detrimental, but if there is one thing practically everyone recognizes, it is that Sun’s ability for public relations seems to be innate and exceptional.

His last stunt was to offer nearly $5 million in an auction to share a lunch with Warren Buffett. Although the money will be donated to charity, the business opportunity seems to be worth it (and is, apparently, already bearing fruit).

How a Meal Introduced Tron (TRX) to a Massive New Audience

The famous investor is having a luch with Justin Sun, founder of Tron (TRX)
Warren Buffett
courtesy: Wikipedia

Warren Buffett is known for his success in the money market, but also for his aversion to cryptocurrencies. On previous occasions, he has called them “poison,” “a delusion” and has been skeptical about the benefits that crypto adoption could deliver to the world of finances.

However, Justin Sun did not miss the opportunity to “invest” those 4.5 million in a lunch that maybe won’t change Warren’s mind but has certainly given the Tron ecosystem (TRX) a massive exposure to a conglomerate of users who may not be familiar with cryptocurrencies.

The interest in “Justin Sun” skyrocketed in Google Trends, reaching historical peaks. Now Justin not only is the crypto-personality with more Twitter followers but also the most searched of all blockchain project leaders.

Similarly, “Tron TRX” has also experienced a sudden increase in the community’s interest, surpassing even the searches on Bitcoin, Ethereum, Ripple and Bitcoin Cash, all of which have a higher marketcap.

Tron / Wall Street or Sun / Buffet: A Meal that Caused Mixed Reactions

Paying so much money to share a meal with a man who practically despises the industry was a decision that did not go unnoticed in the community. Many social media users presented their views, criticizing or praising Justin Sun according to their personal appreciations.

Among those who think that this meeting could generate positive results are people like Misha Lederman, Max Keiser, and Ran NeuNer, who think that Justin Sun had a great idea and that strategically could benefit not only the TRX ecosystem but the crypto market in general:

However, not everyone has an optimistic view of this event. Whale Panda, Crypt_Bobby, Moon Overlord think Justin Sun will generate a negative image of the ecosystem:

The post Tron (TRX) Gains Massive Exposure Ahead of Justin Sun’s Lunch With Warren Buffett. Sun Beats Satoshi Nakamoto in Google Trends appeared first on Ethereum World News.

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John McAfee To Roll Out ‘Freedom Coin’ Cryptocurrency This Fall

John McAfee is releasing a cryptocurrency this fall which purports to be independent from fiat currencies, crypto exchanges and traditional backing assets.

Crypto enthusiast, bitcoin (BTC) bull, antivirus software namesake and 2020 United States presidential campaigner John McAfee is releasing his own independent cryptocurrency, according to an official Twitter post on May 29.

According to his website on the announced cryptocurrency, the “McAfee Freedom Coin” will roll out some time this fall. The McAfee Freedom Coin appears to aim for total isolation and independence from traditional currencies, assets and exchanges in an effort to reach “the Holy Grail of cryptocurrency — economic freedom.”

According to McAfee, these are the desired properties of the new cryptocurrency:

“What is needed is a coin disconnected from fiat currencies and from other crypto currencies alike — a coin with zero cash-in value, yet accepted universally … It is not based on any commodity nor is it connected to the value or behavior of any external item or entity. The value of the coin will always be zero in relation to any other currency yet it’s natural market value is free, completely, to grow.”

As previously reported on Cointelegraph, McAfee has said he plans to run for President of the United States in 2020 on a boat in international waters, since he has purportedly been indicted by the U.S. Internal Revenue Service (IRS).

McAfee has reportedly made no secret of his tax evasion, saying that he has not filed taxes for eight years. His presidential campaign is also not a serious bid for the office, but rather a stated attempt to promote cryptocurrencies as a means to securing personal freedom for citizens.

In recent news, McAfee said that he has discovered the identity of the mysterious Bitcoin creator Satoshi Nakamoto, who is purportedly a man living in the U.S. McAfee apparently was planning to out Nakamoto’s identity, but has put his plan on pause per advice from his extradition lawyer:

“The US extradition request to the Bahamas  is imminent. I met with Mario Gray, my extradition lawyer, and it is now clear … that releasing the identity of Satoshi at this time could influence the trial and risk my extradition. I cannot risk that. I’ll wait.”

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Fake News Circulating in China Suggested to Be Responsible for Bitcoin SV Price Surge

Crypto investment firm Primitive Ventures co-founder Dovey Wan suggested that fake news may be responsible for yesterday’s BSV price surge.

Co-founder of cryptocurrency investment holding firm Primitive Ventures Dovey Wan suggested that fake news circulating in China may be responsible for yesterday’s bitcoin sv (BSV) price surge. Wan posted about the fake news in a tweet on May 29.

According to Wan, a screenshot circulating on Chinese social media showed a fake article about self-proclaimed bitcoin creator Craig Wright having transferred 50,000 bitcoin (BTC) from the biggest bitcoin wallet in existence to cryptocurrency exchange Binance. According to the report, the transfer would be proof that Wright is Satoshi Nakamoto and created bitcoin.

The fake report posted by Wan also claims that Binance CEO Changpeng Zhao reacted to the development by promising to re-list BSV and publicly apologize. As Cointelegraph reported in April, Binance had previously delisted the altcoin in question, apparently because of Wright’s behavior in claiming to be Satoshi.

Wan commented stating that, while she does not know how much the alleged fake reports contributed to the price surge, “this fake news snapshot went viral in many Chinese retail groups around the same time.” She also claimed that people who believed the news “got super excited,” and added:

“CHINESE RETAIL IS THE BEST HERD EVER”

Another Twitter user contradicted this last idea, stating that many retail investors know that some news — even when fake — can lead to a price surge and see it as a trading opportunity. The user concluded: “I disagree that Chinese retail is more of a herd than any other geography.”

Bitcoin sv is currently the eighth-largest cryptocurrency by market cap, worth a little over $3.9 billion in total with growth of over 30% in the 24 hours to press time, according to CoinMarketCap data.

As Cointelegraph recently reported, Craig Wright has filed United States copyright registrations for the bitcoin white paper authored by Satoshi Nakamoto.

However, an analysis released by Cointelegraph earlier this month notes that the legal validity of Wright’s copyright filings are an object of dispute.

The U.S. Copyright Office had responded on May 22 to the response over Wright’s new claim by releasing a press statement noting that “as a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials.” The author of the release concluded:

“The Copyright Office does not investigate the truth of any statement made.”