10 People Who Might Be Satoshi Nakamoto – Bitcoin News

We are all Satoshi Nakamoto, but some of us are more Satoshi than others. The following 10 characters have all been flagged as Bitcoin’s elusive creator on account of similarities with the digital man of mystery. Whether one of these characters is Satoshi himself is a matter for you to decide.

Also read: Facebook Globalcoin: Killer or Multiplier?

Vili Lehdonvirta

Pros: The Finnish professor is one of the first people to be suggested as Satoshi, in a 2011 New Yorker article. Due to the lack of fevered speculation at the time, which has tainted subsequent attempts to uncover Satoshi, Vili Lehdonvirta’s dox feels purer than the rest. That doesn’t make it any more correct though.

Cons: When questioned by the New Yorker’s writer, the 31-year-old Helsinki Institute for Information Technology researcher explained that he had no cryptography knowledge and his C++ programming was rudimentary.

Fun fact: Vili Lehdonvirta is now an Associate Professor and Senior Research Fellow at the Oxford Internet Institute, University of Oxford, and a Fellow of the Alan Turing Institute who has written about Bitcoin, most recently in an article titled “Bitcoin isn’t a currency – and unless it becomes one it could be worthless.”

10 People Who Might Be Satoshi Nakamoto
Vili Lehdonvirta

Paul Le Roux

Pros: If Le Roux created Bitcoin, Satoshi is the 21st century’s biggest bad-ass. Encrypted software creation, drug smuggling, pharmaceuticals, gun running, nation building, you name it, Le Roux had a finger in it – and building Bitcoin would have been well within his grasp and megalomaniacal ambition.

Cons: When Satoshi was studiously refining Bitcoin in 2009, Le Roux was already dabbling in drug smuggling gun running and empire building. It seems unlikely that these opposing pursuits would have been compatible. Also, Satoshi always came across as humble in his writings. Le Roux was a power-tripping douchebag who insisted on being called “Boss.”

Fun fact: Le Roux’s online pharmaceutical system circa 2006 is described in “The Mastermind” as follows: “Take one out and another simply slotted into place. The network kept humming on.” Remind you of anything?

10 People Who Might Be Satoshi Nakamoto
Paul Le Roux

Gavin Andresen

Pros: Gavin Andresen is the Bitcoin developer Satoshi handed the reins to upon his departure in 2010. If the two were one and the same, this would be a pretty effective way for Satoshi to check out without ever actually leaving the building. Moreover, according to one stylometry study, Andresen’s writing more closely resembles Satoshi’s than any other candidate.

Cons: In 2016, Andresen became the first of many bitcoiners to be hoodwinked by Craig Wright, after venturing that Wright’s Satoshi claim checked out. Either Andresen was super gullible or he was playing 4D chess to put further distance between himself and his pseudonym.

Fun fact: Gavin Andresen created the first bitcoin faucet in 2010. It dispensed 5 BTC to anyone who visited the site and completed a captcha.

10 People Who Might Be Satoshi Nakamoto
Gavin Andresen

Hal Finney

Pros: As the first respondent to Satoshi’s mailing list post announcing Bitcoin, and the recipient of the first bitcoin transaction, Hal Finney epitomizes Bitcoin more than any other known person. Finney saw the long-term potential for Bitcoin just like Satoshi, and could eloquently elucidate a world in which it reigned supreme. Just to add to the body of evidence, Gavin Andresen isn’t the only person whose writing style echoes Satoshi’s: writing analysis experts Juola & Associates claim that Nakamoto’s and Finney’s writings bear the closest resemblance.

Cons: For Satoshi to have essentially conversed with himself and transacted with himself in dealing with Finney doesn’t make sense for a character who went to such lengths to conceal his identity. He would have surely known that Finney would get doxed as him at some point, and thus it seems illogical for Satoshi to have left such an obvious trail of breadcrumbs.

Fun fact: Hal Finney lived two blocks away from Dorian Satoshi Nakamoto, giving rise to theories that the former took his nom de plume from the latter. As one redditor postulated: “Hal and his cypherpunk counterparts intended for this old friendly retired man whose house had been foreclosed by banksters to be the symbolic figure behind the financial renaissance on behalf of all the victims of the modern financial system.”

10 People Who Might Be Satoshi Nakamoto
Hal Finney

Nick Szabo

Pros: Stylometry seems to be an imprecise art given the number of people who have been identified as Satoshi by their writings. Nick Szabo is the third such candidate on this list, but there are way more compelling reasons why he’s likely to be Satoshi, such as the fact that the computer scientist’s “bit gold” is the closest forerunner to Bitcoin. Nick Szabo is more qualified than anyone on this list to have built Bitcoin.

In 2008, Szabo commented in his blog that he was planning to create a live version of bit gold; that this should have manifested, a few months later, as Bitcoin seems credible. Szabo’s excellent blogposts circa 2008 have all the hallmarks of Satoshi. Phrases such as “unforgeable costliness” and shout outs to Hal Finney place Szabo extremely close to Bitcoin’s nucleus.

Cons: Szabo has consistently denied being Satoshi, debunking one such instance in 2014 by writing: “I’m afraid you got it wrong doxing me as Satoshi, but I’m used to it.”

Fun fact: Satoshi’s telling decision not to cite Szabo’s work on bit gold in the Bitcoin whitepaper may be the most compelling evidence of all.

10 People Who Might Be Satoshi Nakamoto
Nick Szabo

Bram Cohen

Pros: Born in 1975, the same year Satoshi cites as his DOB, Bram Cohen was playing with “bits” long before Bitcoin. The Bittorrent creator once ran a Usenet site called Bitconjurer.org, where he conversed with the creator of Hashcash, which inspired Bitcoin. Cohen’s prolific blogposts also slowed to a crawl when Satoshi began work on Bitcoin, and he had similar interests to Satoshi, writing about hiding one’s identity online in 2009, and weighing in on digital signatures around the same time. Cohen’s interest in recreational mathematics also makes him a credible Satoshi.

Cons: Cohen’s current project is a “green” cryptocurrency called Chia that he claims to be the “antithesis” of Bitcoin and PoW. It’s hard to imagine Cohen dismissing his former life’s work in this manner.

Fun fact: Cohen has tweeted about Satoshi 10 times over the years, but has never outright denied being him.

10 People Who Might Be Satoshi Nakamoto
Bram Cohen

Dorian Satoshi Nakamoto

Pros: Aside from sharing the same name as Bitcoin’s creator, there is virtually no reason why Dorian Nakamoto should be Satoshi, except for having lived a few blocks away from the other probable Satoshi, Hal Finney. If anything, though, this would make it more likely that Hal was Satoshi, and borrowed his fellow denizen’s name.

Cons: Dorian may have become the face of Satoshi, but he is certainly not the brain.

Fun fact: Such is his celebrity, Dorian Nakamoto has been booked to appear at blockchain conferences.

10 People Who Might Be Satoshi Nakamoto
Dorian Nakamoto

Craig Wright

Pros: Wright really, really, wants to be Satoshi, and has been larping as him since 2016. You can probably recall feeling the same way about one of your superheroes, wishing you could fall asleep and wake up in their body. In your defense, you were six at the time. Wright is a 48-year-old man.

There is some evidence that Wright was lurking in the shadows not long after Bitcoin got off the ground, but all that proves is that Faketoshi is a chancer who’s built a career out of riding in the slipstream of brighter stars.

Cons: Craig and cons go together like moonshine and mason jars. It’s hard to pick a favorite, but Jameson Lopp’s lengthy takedown of the man who would be Satoshi is a fine jumping off point.

Fun fact: Wright applied to the Australian Defence Force Academy to train as a pilot in 1987 but was rejected.

10 People Who Might Be Satoshi Nakamoto
Craig Wright

Dave Kleiman

Pros: Kleiman has been alleged to be a part of the Satoshi Nakamoto group along with fellow Satoshi claimants Craig Wright and Phil Wilson. The latter two have zero credible proof of building Bitcoin, while Kleiman died in 2013. An avid cryptographer, Kleiman was a member of the mailing list where Satoshi first announced Bitcoin on Oct 31, 2008. He also worked for S-doc, an encryption-focused software company that was developing an “unalterable, encrypted audit log system.”

Cons: Any documents associating Kleiman with Bitcoin come courtesy of Craig Wright, and thus are almost certainly fake. As a result there is an absence of credible evidence to suggest that Kleiman created Bitcoin. The fact that Wright has been circling Kleiman’s family like a vulture in a bid to claim his share of an alleged 1 million BTC trust is the strongest evidence that Kleiman created Bitcoin – and Wright didn’t. Had any other member of the cryptography mailing list died first, Wright would have surely set his sights on them instead, as part of a long con to extract millions of dollars through legal chicanery.

Sad fact: Dave Kleiman died in abject poverty and squalor. “His body was found decomposing and surrounded by empty alcohol bottles and a loaded handgun … a bullet hole was found in his mattress, though no spent shell casings were found on the scene.”

10 People Who Might Be Satoshi Nakamoto
Dave Kleiman

An Enduring Mystery That May Never Be Solved

There are many others who’ve been named as Satoshi, including Elon Musk, white supremacist James Bowery and, slightly more credibly, a trio of researchers – Neal King, Vladimir Oksman and Charles Bry. These, along with other suspects, are unlikely to have had a hand in the creation of Bitcoin however. For anyone interested in trying to crack the case, Satoshi’s writings, amounting to 80,000 words, can be viewed at the Nakamoto Studies Institute. Be prepared to tumble down a rabbit hole of late night Google searches and stylometry only to emerge no closer to the truth.

Most people who are hung up on the enigma of who Satoshi is or was would concede that it would be best for Bitcoin if his identity was never discovered. And yet they cannot resist searching for, to quote Albert Einstein, “The important thing is not to stop questioning. Curiosity has its own reason for existence.”

Who do you think is the likeliest candidate for Satoshi Nakamoto? Let us know in the comments section below.


Images courtesy of Shutterstock.


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Kai Sedgwick

Kai’s been playing with words for a living since 2009 and bought his first bitcoin at $12. It’s long gone. He’s previously written white papers for blockchain startups and is especially interested in P2P exchanges and DNMs.

Gold Prices Strong Into the Close Friday; What To Expect Monday – Kitco News

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) The gold market bulls gained steam in late trading early Friday afternoon, and hit a six-week high. Importantly, prices today closed at technically bullish weekly and monthly high closes. Prices today also closed well above the psychologically important $1,300.00 level. Indeed, the bulls have momentum to suggest there will be some decent follow-through buying interest early next week.

On the fundamental side, safe-haven demand was featured late this week due to geopolitics in play–namely the U.S. shocking the marketplace and threatening to slap tariffs on Mexico when the U.S. is already in a major trade war with China.

Gold futures traders reckoned this is not a weekend to go home short, so they also liquidated some positions on short covering.

The next upside price target for the now-confident bulls is technical resistance at $1,320.00.

August gold was last up $16.60 an ounce at $1,309.20.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

US judge orders Facebook to turn over data privacy records – Moneycontrol.com

A US judge ordered Facebook Inc to give shareholders emails and other records concerning how the social media company handles data privacy, after data for an estimated 87 million users was accessed by the British political consulting firm Cambridge Analytica.

In a decision on May 30, Vice Chancellor Joseph Slights of the Delaware Chancery Court said shareholders demonstrated a “credible basis” to infer that Facebook board members may have committed wrongdoing in connection with data privacy breaches.

He noted that Facebook had, at the time of the 2015 Cambridge Analytica breach, been subject to a consent decree with the US Federal Trade Commission, under which the Menlo Park, California-based company promised to bolster its data security measures.

Facebook and its lawyers did not immediately respond on Friday to requests for comment. Lawyers for the shareholders did not immediately respond to similar requests.

Allegations of improper use of Facebook user data by Cambridge Analytica, hired by Donald Trump’s 2016 US election campaign, prompted a series of US and European regulatory probes. The breach was disclosed in March 2018 and Cambridge later shut down.

Shareholders said they sued Facebook in September to obtain records related to Cambridge Analytica and other breaches, and upon finding wrongdoing might later sue company officers and directors through a so-called derivative lawsuit.

In a footnote, Slights said his decision stopped “well short” of concluding that officers or directors engaged in wrongdoing, and any such determination “awaits another day.”

 

Govt fixes price for sovereign gold bonds at Rs 3,196 per gram – Moneycontrol.com

The government has fixed the price at Rs 3,196 per gram for the new series of sovereign gold bonds (SGBs) opening Monday.

The Centre in consultation with the RBI has decided to allow a discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode, the central bank said in a statement.

“For such investors, the issue price of gold bond will be Rs 3,146 per gram of gold,” it said.

The Reserve Bank of India (RBI) on May 30announced calendar for issuance of SGB for the first half of the current financial year.

The bonds will be issued every month from June 2019 to September 2019, the RBI said in the statement.

The sovereign gold bond scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings, used for purchase of gold, into financial savings.

Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 gram per person per fiscal year (April-March).

The maximum limit of subscription is 4 kg for individual and Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal (April-March).

The annual ceiling includes bonds subscribed under different tranches during initial issuance by the government and those purchased from the secondary market.

Hyundai Venue Compact SUV First Drive Review: The Maruti Suzuki Brezza Vitara Rival – News18

May 31, 2019 09:49 PM IST
India India

Hyundai recently launched the India’s first connected car – the Hyundai Venue at a starting price of Rs 6.50 Lakh (ex-showroom, India). Competing against cars like the Maruti Suzuki Vitara Brezza, Tata Nexon and Ford Ecosport, the Hyundai Venue promises 33 connectivity features, good looks and a 1.0-litre Turbo engine with DCT. We recently test drove the compact SUV in the beautiful city of Guwahati and here’s our first drive review.

RCom lenders claim Rs 49,193-crore dues – Moneycontrol.com

Financial creditors of Reliance Communications have submitted claims of over Rs 49,193 crore, which showed that China Development Bank, LIC and SBI have the highest exposure in the dues.

According to the list, Interim Resolution Professional (IRP) Pardeep Kumar Sethi has admitted claims of Rs 47,038.79 crore and the remaining amount has been put for verification.

The list showed that China Development Bank (CDB) claimed dues of Rs 9,863.89 crore and the IRP has admitted the entire claim.

The IRP also admitted full claims made by Life Insurance Corporation (Rs 4,758 crore), Exim Bank of China (Rs 3,356.44 crore), Standard Chartered Bank (Rs 2,130.23 crore), ICBC (Rs 1,832.89 crore), Syndicate Bank (Rs 1,225.19 crore), and Punjab National Bank (Rs 1,126.87 crore), among several others.

State Bank of India submitted a claim of Rs 4,905.37 crore but IRP admitted Rs 4,714.52 crore and set aside Rs 190.85 crore for verification. Among lead lenders, Bank of Baroda placed a claim of Rs 2,707.67 crore but IRP admitted Rs 2,531.87.

Details of operational and other creditors were not available in the note.

Anil Ambani-led RCom is under the corporate insolvency resolution process after it failed to pay dues of lenders and vendors.

Earlier this month, the National Company Law Tribunal allowed RCom to exclude the 357 days spent in litigation and admitted it for bankruptcy proceedings.

On May 24, RCom reported a consolidated net loss of Rs 7,767 crore in the fourth quarter of 2018-19 ended March 31.

Airtel rues ‘exorbitant’ 5G spectrum pricing; urges govt to review price of radiowaves – Moneycontrol.com

Telecom operator Bharti Airtel May 31 said base price of spectrum recommended by the regulator are “exorbitant” and unaffordable, as it urged the government to review the price of radiowaves to set the stage for an aggressive 5G play. “These prices are exorbitant given that the state of 5G ecosystem, is still nascent. So, we would hope that the Government brings down prices of spectrum and reserve prices of spectrum, and that is the stage we would look seriously at 5G,” the company’s MD and CEO, India and South Asia, Gopal Vittal said during an earnings call.

Vittal said the base prices recommended by the Telecom Regulatory Authority of India (Trai) places the radiowaves in the ballpark range of Rs 50,000-55,000 crore for 100 MHz of spectrum.

“5G requires large quantities of spectrum. If you have 40 MHz, you don’t get 5G type requirement, so in terms of speed and latency you require large chunks of spectrum. Clearly, these are prices we can’t afford,” he said.

The management of Bharti Airtel, present at the earnings call, said the competitive intensity has stabilised to the extent that the company has not seen a reduction in tariffs.

But it conceded that the marketplace continues to be brutal, given that the Average Revenue Per User, which used to be about Rs 200, has slipped to Rs 125. The capital expenditure of the company had already peaked in FY19 and the current financial year would see a moderation in capex, the company said but did not provide a guidance for the same.

Airtel had, earlier this month, announced its earnings for the fourth quarter and FY19 but it had not issued the customary press statement, detailing the management commentary nor provided average revenue per user and other key metrics tracked by analysts, owing to the mega rights offer that was open at that time.

The company on Thursday said that its average revenue per user rose by 6.5 per cent to Rs 123 in the January-March quarter which is still not at “sustainable” level for the sector. The company had ARPU of Rs 116 in the same period a year ago.

“The year has ended on a positive note with 4th quarter ARPU increasing to Rs 123 though still not at sustainable levels for the industry,” Vittal had said in a statement on Thursday.

The company’s loss from India mobile services business more than doubled to Rs 1,377.8 crore in January-March 2019 compared to Rs 482.2 crore loss in the same period previous fiscal.

Bharti Airtel had, on May 6, had reported a surprise 29 per cent surge in March quarter net profit as exceptional income gains and Africa business helped offset losses in India mobile services operations.

The company — whose profitability has been battered by intense price competition posed by richest Indian Mukesh Ambani’s Reliance Jio — earned a net profit of Rs 107.2 crore in January-March against Rs 82.9 crore it earned in the same period of the preceding fiscal.

This was the first rise in profit after several quarters for the company. Revenue soared 6.2 per cent to Rs 20,602.2 crore for the three months ended March 31, 2019.

Disclaimer: “Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.”

New Honda Launch On June 12: What Could It Be? – Zigwheels.com

New Honda launch analysis

Honda India will be launching a new two-wheeler on 12 June 2019. The Japanese auto major has sent out invites for the same, which read “Honda 2Wheelers India invites you to be a part of A Quiet Revolution as it is ready to announce the FIRST BS-VI two wheeler.” Now we’ve come to know that this will in fact be a scooter. But, will it be the Activa 6G or something else?

Launching a BS6 Activa makes sense business-wise:

http://www.zigwheels.com/

If Honda launches a BS6-compliant Activa 6G, it would be the first scooter to meet these new emissions norms. Moreover, the 110cc Activa has been Honda’s bread-and-butter model, amounting to the largest chunk of the company’s overall sales. So, preemptively launching an updated model does make sound business sense for the brand as it wouldn’t have to clear out stocks at the last moment when the 1 April 2020 deadline comes. If Honda does go down this route, the Activa 6G will likely come with a fuel-injected motor which should improve refinement to an extent. It would explain why Honda said “A Quiet Revolution” in its invite. This possibility would essentially be history repeating itself as earlier, Honda was the first brand in the country to launch a BS4-compliant product (the CB Hornet 160R).

That said, it feels a bit too early for Honda to come with an all-new Activa as the existing Activa 5G was just launched in a Limited Edition avatar. So, the time gap between the two launches seems to be too close for the brand to make such a move.

What if it’s the 2019 Activa 125?

http://www.zigwheels.com/

Now, this seems to be more probable, considering the fact that the 125cc segment of late has witnessed a huge boom in terms of new players. Also, the 125cc scooter segment has witnessed a considerable increase in sales in recent times. Even though the Grazia added a dose of excitement to Honda’s 125cc portfolio, its family-oriented brother, the Activa 125 now feels a bit too long in the tooth. The last update which the Activa 125 received was back in 2018 when it received a new LED headlamp, 4-in-1 lock switch and a three-step preload adjustable rear suspension. There have been no styling or mechanical updates apart from these.

http://www.zigwheels.com/

Honda might as well give the humble Activa 125 a major makeover, with a refreshed design and fuel-injected BS6-compliant engine. The spy shots which surfaced online a couple of months ago also hint at this possibility. The test mule featured a more elegant-looking bodywork, chrome garnish on the sides and a semi-digital console too. Honda may not tinker with the design language too much as customers can instantly connect with the scooter in its current form. In a nutshell, the new Activa 125 will retain the family-friendly design language, but with a more premium flair.

Stay tuned for updates as we bring you more information about this upcoming two-wheeler!

Image of the Honda Activa 5G used for representation.

Oil Set For Worst Monthly Drop Since November | OilPrice.com – OilPrice.com

After finishing at a three-month low on Thursday, oil prices continued to slide on Friday morning and are on course to end the month of May with the largest monthly drop since last November, as trade tensions weigh on investors’ outlook on the global economy and oil demand.

As of 08:45 a.m. EDT on Thursday WTI Crude was down 2.09 percent at $55.41, while Brent Crude was trading down 2.14 percent at $63.93.  

Oil prices were down for most of the last week of May and are now set for their biggest monthly decline in six months, since November 2018, as intensifying trade tensions outweighed U.S. crude oil stockpiles draws.

The price of oil tanked on Wednesday morning after China upped the ante in the trade war, hinting at stifling rare earth minerals exports to the United States—a move that rekindled concern about the global economy and had investors flee risk assets.

Later on Wednesday, oil prices rose after the American Petroleum Institute (API) reported a large draw in crude oil inventory of 5.265 million barrels for the week ending May 24, coming in over analyst expectations of an 857,000-barrel drawdown.

On Thursday, the EIA reported a crude oil inventory draw of 0.3 million barrels for the week to May 24, but this smaller than expected draw sent oil prices down later in the day.

On Friday, poor economic data from China and another trade tariff spat weighed again on equity markets and on oil prices.

China’s manufacturing activity shrank more than expected, government data showed, making investors wonder how fast Chinese growth is slowing and how the U.S.-China trade war will weigh on economic growth in China and the rest of the world.

President Trump said on Thursday that the U.S. is imposing a 5-percent tariff on all goods imported from Mexico starting June 10, to make Mexico resolve the “illegal migration crisis”. If Mexico fails to alleviate the crisis, tariffs will gradually rise until they reach 25 percent, President Trump said.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

SAIL sets 17.5 MT production target for FY20 – Moneycontrol.com

State-run Steel Authority of India Ltd (SAIL) has set 17.5 million tonne steel production target for the new financial year, a top company official said May 31.

The company had produced 16.3 MT of crude steel during the fiscal ended March 31, 2019, registering a rise of 8 per cent over the year-ago period, SAIL Chairman Anil K Chaudhary said while addressing a press conference here.

In 2017-18, the company had produced 15 MT of crude steel, he said.

The country’s largest steel maker has reported a fall of 42.57 per cent in its standalone net profit at Rs 468.40 crore in the fourth quarter ended March 31, as compared to Rs 815.57 crore in the corresponding quarter previous fiscal.

However, for the entire financial year, the company reported Rs 2,174.82 crore net profit.

This is against a loss of Rs 481.71 crore in the preceding fiscal.

“The company has staged an impressive turnaround by clocking a Net Profit during the Financial Year 2018-19 after 3 consecutive years of losses,” the chairman added.