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13 Apr

How to convince the Bitcoin community that you are Satoshi Nakamoto

By Daniel Zo Bitcoin, Satoshi Nakamoto, Craig Wright Read Comments

Since Bitcoin was created, there have been numerous questions referring to who its creator really is. Popularly named as Satoshi Nakamoto, the mysterious man has disappeared in the last couple of years, after leaving Gavin Andersen in his place.

Four months ago, the Internet blew up with news saying that an Australian computer scientist known by the name of Craig Wright is actually the creator of Bitcoin. Numerous publications such as Wired and Gizmodo have showcased various forms of proof, but the community remained sceptical and wouldn’t buy the story at that time.


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25 Dec

What to expect from Bitcoin in 2016

By Daniel Zo Bitcoin, 2016, Satoshi Nakamoto, Mt. Gox Read Comments

The year of 2015 has been representative for Bitcoin, due to the fact that the currency’s price more than doubled, and is bound to surge even higher in 2016.

Perhaps the main reason behind this is the fact that investors and simple bitcoin users have managed to regain confidence in the system, following the collapse of the Mt. Gox exchange back in 2014. At this moment in time, bitcoin is trading at the sum of $447, which is over $200 when compared to the beginning of the last year.


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14 Dec

Is Craig Wright Satoshi Nakamoto, the creator of Bitcoin?

By Daniel Zo Bitcoin, Craig Wright, Satoshi Nakamoto Read Comments

Bitcoin, the leading cryptocurrency that millions of people from all around the world actively use has been around since 2009. Yet, while we know so much about it, its creator is still a myth that hasn’t been busted.

There have been numerous attempts trying to identify the identity of the Bitcoin creator, however, most were unsuccessful. However, an interesting investigation is now slowly gaining the media attention.

Based on the latest reports, it seems like Satoshi Nakamoto, might actually by an Australian businessman who is based in Sydney, Craig Steven Wright, alongside with Dave Kleiman, who is an American computer forensics expert that unfortunately died back in 2013. Wired recently stated that the two men might have been involved in the creation of the cryptocurrency, and linked some evidence including a couple of interviews. Together with this, Gizmodo also received some emails, coming from a tipster hacker who stated that he managed to hack into the accounts of a few people associated with the two men.


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17 May

Has the creator of Bitcoin been unmasked?

By Daniel Zo Bitcoin, Satoshi Nakamoto, Nick Szabo, Bit Gold Read Comments

Satoshi Nakamoto, also known as the creator of Bitcoin is one of the most prominent figures on the Bitcoin market, but also the most mysterious, mostly due to the fact that no one knows who he really is.

Since Bitcoin became mainstream, the search for Nakamoto’s identity has lasted years, with hundreds of different theories being considered. During this time, even people not involved with cryptocurrencies at all have tried to solve the mystery and find out who this man really is. What we know at this moment in time, is that someone who had been using the name Satoshi Nakamoto has released the Bitcoin software back in 2009 and has communicated with different people via mail, but never in person, or by phone. A few years later, in 2011, just as the technology began catching momentum, the man mysteriously disappeared, as all emails had stopped.


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09 Jul

The advantages of using Bitcoin over fiat money

By Zachary Gruskin Bitcoin, Fiat money, Paper wallet, Satoshi Nakamoto Read Comments

Bitcoin was created in 2008 by the mysterious Satoshi Nakamoto. It is uncertain whether Satoshi was an actual person or a pseudonym for a group of people, and the true identity of Satoshi is unknown to this day. Satoshi wrote a famous paper describing the Bitcoin protocol ( https://bitcoin.org/bitcoin.pdf ) and then released Bitcoin's source in January 2009. Bitcoin began with the genesis block which Satoshi mined himself. After that point Bitcoin began to slowly spread, and by October 2009 the first Bitcoin exchange opened. A Bitcoin exchange is a place where you can buy/sell Bitcoin with fiat. Initially you could buy over 1300 Bitcoins for $1. The price of Bitcoin steadily increased as its use became more widespread, and currently each Bitcoin is worth $620. A famous story from the early days of Bitcoin is that someone bought a $25 pizza for 10,000 Bitcoins. The Bitcoins used to buy that single pizza are worth over $6 million today. Many early adopters of Bitcoin became millionaires, which undoubtedly increased Bitcoin's popularity further.

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