The project wonderland has released the token $TIME and stablecoin $MIM (Magic Internet Money).

The CFO was a guy who had been associated with the QuadrigaFX exchange that ended with the owner "dying in india" and funds being "lost". This guy is 0xsifu on twitter with his name changed to Michael Patryn from Omar Dhanani.

The founders of the wonderland team apparently knew about his scammy past but decided to give him a second chance. This has been a big story out in the DeFi world. Here is a link to more details: https://rekt.news/sifu-scandal/

This is what gives decentralization a bad name. When scandalous people find their way into anonymous community due to being overlooked by a bunch of other zealots.

So can @theymos sue Facebook for violating the right on the name of our sub-forum. This is Meta right here.

There are more stories and drama here that facebook can ever re-create. On top of that, it is the original cypher-punks' drama and not some normie being enticed with 3D avatars, forced to wear the Occulus.

Sorry i don't yet have a reason to start a fight within the forum but still thought it appropriate to post this here.

From Twitter to Reddit to this very forum where the seeds for the whole Bitcoin and crypto ecosystem were planted, you can see that people are free to say whatever they want about predictions of Bitcoin going down. Nobody stops you from doing that because there is no Bitcoin corporation. All that Bitcoin has is people who believe in its economic and political importance, those who understand decentralization and those who get what PoW is about. It has a lot of haters who hate bitcoin because it is not making them rich, it made someone else rich and they envy that, it doesn't let their shitcoins become 100x because Elon Musk doesn't understand it. There are plenty of reasons for these people to hate bitcoin.

Yet, all these haters are basically puny, fearful people who fear about not ending up rich. Those who get bitcoin, don't necessarily care about getting rich. They have been her when haters were not here. They will be here long after haters have found their shitcoin niches and gone away. It does not matter. Bitcoin carries on.

To all the newbies who keep hating on bitcoin, just understand that by the time you realize that only bitcoin can save your asses, it'll be too late. If you don't have the conviction and money, DO NOT BUY BTC. Go gamble your money on the PoS chains. Make your hundreds or thousands. Just remember that if you don't hodl BTC, you are just living on a prayer.

No matter how much you guys get fearful and hateful for bitcoin and its community, it'll continue being what it is. This is about the long term and about opening our minds to an understanding of the intricacies of the powerplay that has always guided history. The more people understand it, the more they'll know the importance of hard, honest work and open source money. And no matter how much it falls or how much it goes up, some of us will continue to stack.

I have made this topic to discuss viewpoints from those of you who are interested in Alt-coins or are exclusively here for Alts.

As market participants, those of you interested in Alt-coins should understand the long term implications for future of the crypto industry. There has been a lot of shilling with Alt-coins coming up with their versions and claims of replacing PoW. This isn't about Bitcoin versus Alt-coins. For all the toxicity of maximalists, Bitcoin is the grand daddy of crpyto space and PoW ensures that it can continue to be the benevolent overlord that is impartial to everyone. Bitcoin is as much a political and social construct, as its a technological one.
Not having a central figure (Since Satoshi went away)and being PoW gives it those features.

Bitcoin's PoW is necessary because when it comes to permissionless, sound money without any central authority, there is no alternative to Bitcoin.

PoS tokens are alright for launching a product where institutional investors are present inside the crypto market because you have something defining a crypto market. That defining feature is the money of crypto, which is Bitcoin. If we don't have Bitcoin, we won't have crypto anymore.

Imagine if PoS or any of those non-PoW chains that need a bunch of validators/ masternodes were the answer, what stops the banks just form their own consortiums, running the best nodes and controlling all the stake. Ultimately, you give away your financial sovereignty and identity to the biggest players. Bitcoin prevents that.

So, play with Alt-coins all you want but take care that in whatever communities you are, make sure to tell people that Bitcoin is the life-blood of this crypto-society we are part of. It is the reason that we are having these opportunities. If mainstream media succeeds in branding Bitcoin's PoW as anti-climate and unnecessary, the P2P people's economy will disappear as fast as it came into prominence.

Greeting Fellow Bitcoiners!!

Elon Musk is out rallying against Bitcoin proposing that:

1. There are other cryptocurrencies with less that 1% of Bitcoin's energy cost.
2. He is working with DOGE devs for "Potentially promising" results.

The Alt-coin bullrun has given everyone and their grandmas the right to propose their own version of Po(Something...something). The most recent that I heard about being Proof of History by ICP, which by the way jumped straight to top 10 with instant listing on all the exchanges. There obviously is PoS, DPoS and all the usual suspects.

All of these , and their communities, will claim that they have found the perfect solution with a "DAG" or a "Coordinator" or a "Neuron Network". A lot of times, these are just too bewildering to understand or contest.

I am opening this thread to propose everyone to read about all these solutions and propose the arguments for and against these wannabe cryptocurrencies. The FUD over Energy costs is not going to stop. It has to be reasoned out that what makes cryptocurrency unique is decentralization and true permissionless-ness. Zero potential for censorship. If these tenets are compromised then it is NOT a cryptocurrency but just another corporate solution to a problem that did not exist. Did we all need mineral water in plastic bottles? Were "superfoods" a major human requirement? Do Cigarettes and Colas take you to the top of the world? They don't. Just like that, these other "solutions" do not give you a cryptocurrency like Bitcoin.

Please share your thoughts and technical insights for and against the most common of these PoW competitors.

[What do you guys think should a Bitcoiner be doing in the coming years?]

Bitcoin and crypto has pervaded the normal discourse in a significant way. Corporations like Tesla and Financial institutions alike have taken an interest into Bitcoin. The craze of DeFi farming is adding more and more people to pools and farms in the Alt-coin space. Most of Crypto Twitter, TG groups and Discords have a consensus that Degen trading maybe the flavor of the time for now, but one must always have a safe stash of BTC.

BTC is the de-facto money standard of the crypto economy and unlike earlier, it does not take too long for newbies to realize this. In light of these changes, what do you guys think is the way forward for Bitcoiners? Should we now be content with the SoV use-case? Should we be looking forward towards future changes and future initiatives within the Bitcoin community meant for Bitcoin's improvement?

What are some of those things that we should think of? I looked for a few and here is what i found:

1. Special hardware capable of running full node and small miner.

2. Floating Societies with considerable political autonomy.

3. Have we all forgotten about the Lightning Network?

4. Effects of the Taproot upgrades.

What do you guys think should a Bitcoiner be doing in the coming years?

Traditional Finance has wielded a lot of power over lives of people for a very long time. This is because Financial institutions decided the flow of money. Who gets the cheap loans? Who gets the backing and credibility and access? Money and Value is really about access and the power to influence. Banks have a hell lot of both.

Bitcoin, blockchain and crypto in general has enabled a lot of people to have a shot at wielding that power. The information barrier is not high and it does not ask for pedigree. You don't have to be a Harvard graduate to have your plans taken seriously. If you have the ability to take an honest idea and make it work using the blockchain technology, you can easily be the next big institution. Just look at all these DeFi projects with people locking funds in their custody.

The question is are we ready for it? Do you have the capacity to engage and build access??

[TOKENIZED RISK PROTOCOL]

TOKENIZED RISK PROTOCOL

NFT UNIVERSE DEDICATED TO ARTISTS AND LOBBYING EFFORTD FOR ALL OF CRYPTO

NEW: SMART ALPHA ANNOUNCEMENT AND INTRODUCTION

INTRODUCTION:

The traditional financial system, or TradFi, is experiencing a historic uptick in aggregate debt levels while yield and interest rates plummet. Over the last year, we have seen the emergence of a rudimentary decentralized financial system, DeFi in this paper, burgeoning in the digital economy with digital assets and cryptocurrencies. While debt levels, which is referred to as TVL, or total value locked in decentralized financial protocols, has increased from hundreds of millions last year, to billions of dollars in 2020, yield on these instruments continues to dwarf the menial rates offered by comparable products in the legacy TradFi system.

Conversely, due to assumed higher risk levels coupled with higher efficiencies provided by smart contract technologies, annual percentage yield (APY) is far higher on decentralized protocols than what can be found in the traditional financial system. Working capital is following the historical trend of following higher yield which is why we are seeing TVL moving to DeFi at an accelerating rate. This is a trend that will continue. The need for familiar TradFi instruments to exist throughout the DeFi ecosystem has never been stronger. BarnBridge is an idea whose time has come.

MY VIEW

With this paraphrased introduction from the Barnbridge Whitepaper, I am glad to have the pleasure to introduce BarnBridge and its team to the Bitcointalk forum. I came across them while exploring the DeFi and Farming business that has taken over much of the Alt-Coin space in the last few months.  I personally believe that at its very foundation, DeFi has been enabled by the performance and security of Bitcoin. DeFi allows holders of cryptocurrencies to lock money (as stable-coins or Custodial wrapped BTC) and earn "Yield". This is a lot like how banks used to provide interests on deposits. The difference is that unlike banks; there is no institution, building, managers, the sexy receptionist and associated expenses/fees. All of that overhead is replaced by a very non-sexy smart-contract. The survival and growth of your deposit depends on the bulletproof-ness of that Smart contract. It has to be kept in mind that several Hundreds of millions have been lost in the last few months through exploits. This is why it is necessary to have a trustworthy, public team committed to their goals who aren't just selling tokens to unsuspecting crypto-newbies.

Till now, the safest method of earning yield is to lock stable-coins and crypto on platforms like Balancer, UniSwap, AAVE, Compound etc. The platform uses those deposits to match lenders and borrowers and earns the difference, while splitting it with the liquidity providers. The risk, relatively speaking, is low and so are the returns. If you want higher returns, there is a whole array of risky speculative projects which will make you lose money.

The team at BarnBridge is attempting to bring a greater variety of financial instruments to DeFi which will allow people to choose from options based on their own risk tolerance.

CURRENT STATE

BarnBridge allows anyone to lock three types of stablecoins, USDC, sUSD and DAI and earn their $BOND token. There is no ICO but there has already been a private seed investor round allotting 7.5% to investors, 2% to advisors and 12.5% to core team. This is what the website looks like:

Apart from locking stablecoins, you can also earn $BOND by following two methods:
1. Providing Liquidity on Uniswap*
2. Staking Bond tokens (Remaining 2 weeks out of 12 weeks)

The reward from above 3 methods are distributed every week. The rewards scale on a pro-rata basis through the week depending on how long you were staked continuously before the finish of epoch (End of Sunday).

BOND TOKEN

In the vein of all DeFi protocols, BOND is the governance token with the following distribution cycle:

Here are the links to discover more:

WEBSITE • WHITEPAPER • DISCORD • GITHUB • MEDIUM • FAQ

In the DeFi space, you need to understand and know what project you are going to spend your time and money on. That is the biggest risk of all. This is all a growing space and knowledge is your friend. Head over to discord for meeting the team and a great bunch of people ready to answer all your questions. I have been there for some time trying to get my head around the financial model for the risk tranches. You can find me there as @amish. You can also ask your questions in this thread. I also hope to have someone directly from the team to answer the queries as well as informative posts related to the financial products.

The team does fortnightly project calls where a group video call is broadcast on youtube explaining about the background work. All the previous calls and the notes are also available on Github.


* Providing Uniswap Liquidity has the risk of Impermanent Loss caused due to fluctuations in Token Value.


DISCLAIMER: If you are new to DeFi terms and platforms, you are welcome to ask me via PM. This thread is not financial advice to put your money on the line and there is no "Announcement" for ICO or Bounties. This is not a get rich quick scheme and buying the token on Uniswap gives you no guarantee of returns. As always, Do your own research and never invest more than you can afford to lose.

The self-moderated version of this thread can be found here

A loan scam amounting to INR 21,000 Crores (USD 280 Mn) has been doing the round in Indian media.

The report here alleges that some transactions also used digital wallets:

Link1
Link 2

What they found was a record of several transactions amounting to a total of 21000 Crores in form of lending and borrowing with high rates of interest. This was being run by a Chinese national using android apps ans a network of call centers in India.

I wonder if any of you have come in direct contact or know someone who has interacted with these people. It seems like a network of P2P lending which turned sour due to the sheer scale and harassment of borrowers which even led to a tech worker's suicide.

There isn't an Indian Politics and Society board.

We all shy away from politics here. I spend quite a lot of time on the forum and most things i read are people's opinions here. Just wanted to share a few thoughts about the state of our economy and politics. You are welcome to rant yourself if you want.

The way things have slid down for us economically in the years of this fucking stupid government, the uncertainty of COVID, the overall sentiment of hopelessness, i feel like we are back to the 90s time of "dog eats dog" world where you save every penny so that you have something to fall back on. I had hoped that the downturn over the last 4 years would have been a time of Indian companies building, acquiring technologies and young Indians establishing real-world startups. These hopes have been dashed by this over-promising government which just doesn't have the competence or the ideology to steer a 21st century economy. I don't want to fucking start wearing Khadi, make diwali pots and start watching nukkad-ramayan again. I thought we were past that but every time i open the news, watch Arnab Goswami throw tantrum like the country's bahu and see Mr. Pradha Sevak don his ever growing Osho styled beard, my heart sinks.

There, thats a weight off my heart for now. I hope things don't really go that bad as we simply cannot afford that as a society considering our demographics.

EDIT: BTW, This is what triggered me. No offense to Bangladeshi bandhus. Congratulations.

Someone posted a topic about an article claiming that the "Bitcoin Whales" have been accumulating and increasing their BTC stash post the "Black Thrusday" event. I replied that kind of metric is simply a false comparison. It is comparing a bunch of greedy motherfuckers against the over 90% of people who actually believe that BTC is worth something and hold less than 1 BTC. There is no reliable way of knowing who exactly these whales are but I am pretty sure they are not "wise investors", as one reply in that topic puts it. These are people who chanced upon bitcoin as developers, cryptography enthusiasts, silk road traders or even plain-ass scammers. These people have actually made their wealth from the 1000s of BTC they held while bitcoin went through ATH and present levels.

Some people think that some of these whales must be newcomers interested in technology. There is plenty of evidence that this is not the case. A newcomer whale interested in technology and buying 1000+ BTC post 2016-17 would have been a seminal event and we would have heard about the individual or institution all over the news. Any such recent whale investing on basis of "technology" would put their weight behind the technology and would have put all their effort to make it grow.

How many times have you heard news about VCs, Startup Incubators or other such funding parties come out in the open and declare that "This is the technology of the future and I am investing a Million dollars in it"??Have you?? Give me one example and maybe we would have your "technology" whale. If we had even a few of such individuals, you would be seeing a far more concerted effort towards mainstreaming the technology. You wouldn't have so much misinformation on media because a group of such people would be working towards ensuring that the regulators don't get to take a one-sided view. Nothing of this sort happens. People like you and me talk it out on this forum, one of the last bastions i guess.

Most of those other bastards are doing exactly what the wealthy elites have always been doing. Milking the rest of the people for fiat money while bitcoin is kept propped up by the belief of the >90% that hold less than 1 BTC. That is the sad truth. Right now, this is just another "Rich getting richer" scheme. Maybe I am just ignorant of these technology enthusiasts and am wrong to point out that the whales are little more than the wealthy factory owners in this very communist ecosystem.

What are your thoughts on this?

Do you think there are people out there with the dough and the willingness to make a difference?
This is basically my rage post against those elusive "Whales". My earlier thoughts weren't like this. I used to think there was a case for Bitcoin champions.

[A property that truly belongs only to you. You the explorer, who dared cross boundaries of normal thought and your planet to find work and life on a new planet.]

I am in a Sci-Fi mood today and saw a topic about "Will Bitcoin replace Gold"? Lot of people express doubts on this. I think they just don't realize the future. I think, bitcoin's time will definitely come.

Imagine a few decades from now, when people and corporations start moving to Mars. Imagine that Inter-planetary mining has become a reality and the first trillionaires are being minted. The workforce of miners, workers, engineers, doctors is regularly travelling for seasonal contracts. What do you think would be a better option to take and bring back as your "wealth"?? A bunch of heavy gold coins, a centralized ledger entry or a titanium block with your mnemonics etched in it in some way that only you can uncover them. A property that truly belongs only to you. You the explorer, who dared cross boundaries of normal thought and your planet to find work and life on a new planet.

This will once again be a time of daring exploration. Smart, dexterous people will be its most important commodity. As an individual, would you like to carry money in a bag or depend on a bunch of banking dinosaurs?? Bitcoin will be the the natural choice to be money for this brave, new world of heroes.

Imagine setting up a legacy banking system on a colony with all its paraphernalia of bankers, their servers, daily settlements, Forex trading, currency settlements etc. The normal banking system's bandwidth requirements would simply be unsuitable for the kind of bandwidth that the first inter-plantetary data-links would be capable of. Compare this with an LN based solution on Mars with single settlement transactions back with earth per day. You get to spend your bitcoin at Mars at your local pub on using your LN wallet. The settlements with your "Mother Earth account" happens depending on when you close the channel.

Can you see what I see? 
Bitcoin is the future. History shows that a new form of money has always been invented much before the actual future comes to pass. Ancient people started using shells and corals before they learnt to trade and sew clothes. The first coins were invented before people started cultivating silk to exchange for gold. Paper money, banker's cheques came into being much before the Industrial revolution they financed. History has repeated itself and bitcoin is here as the money of a future radically different from what we can imagine now.

Learn about it, Buy it, HODL it. Your "Starship Hydraulics specialist" Grandson will thank his visionary Grandpa.

Cashaa is not new to BitcoinTalk. Here is what I found about them...

Announcement: https://bitcointalk.org/index.php?topic=2272412.0

Bounty: https://bitcointalk.org/index.php?topic=2273856.0

Also, following details found about Cashaa founder Kumar Gaurav...

Personal Website: https://kumargaurav.com

Twitter Profile: https://twitter.com/kg_Cashaa

Guys, You must have all heard about the Cashaa hack after they used a blockchain.info wallet. People like this Kumar Gaurav are typical fake artist, Indian scammer who uses fake website rankings and snazzy presentation to make an idiot out of fellow indians. They trap gullible people and rob them of their savings, often selling them shitcoins. These people typically fly under the radar and use false advertising on websites, youtube and such to trap gullible Indians. You will also find a lot of Hindi youtube crypto channels doing the same. They follow the MLM and Ponzi artist methods employed by many such scammers in India.

It feels really shameful to have these people become source of information on the Indian crypto scene. We should do something about these idiots so that scammer are called out in the Indian crypto scene. Let us atleast make it difficult for these idiots by posting information that we know about their incompetence onto twitter.

Let us try to spread the word. Retweet and share please.

I read about the cashaa hack and went into a little detail about the apparent "entrepreneur" behind it. It is some kid from Amity University named Kumar Gaurav. The idiot runs a website with his own name where, in typical crypto scammer style, he is blowing his trumpet about all sort of achievements. Never heard of him before and to me, he seems like another one of those sleazy, suited-booted, scammers akin to Amit Bhardwaj.

The grammar on his website is abysmal, he calls himself amongst top 100 influential blockchain people which he surely isn't. Ranking by some shit website does not make you so and i am pretty sure there are enough people who have done more for bitcoin and crypto that a top 100 list won't need someone like him. Take a look at the list here and judge for yourself. You will have heard of every person in that list in relation to something crypto related.

To top it all, the idiot stored 336 BTC on a web-wallet and then claims to be running a service that is supposed to "challenge" banking. I feel he is just scamming a lot of people who would have invested in his ICO or kept fund in the "exchange".

What are your thoughts on this? Does the website or this guy seem legit to you??

Hey guys. I was looking at a post in global about how IRS in USA is making people cough up tax liabilities on their crypto gains. Following up on the comments, someone shared a link to a student on Reddit who had an "unrealized" profit of almost 800K in his coinbase account. That 800K was the "USD Value" of his portfolio on coinbase and he never really cashed out. All he did was juggle it into other Alts.
Later on he gets called by the taxman on the basis of a history of his trades on Coinbase (each of which is a taxable event) and he ends up owing almost 400K as tax while the value of his "portfolio" at present is 125K.

With the opening up of exchanges in India and WazirX. DCX etc actively encouraging people to dabble into Alts, the probability of people ending up in the same situation has increased greatly. So, if you or anybody you know is dabbling into Alts and doing the fancy "Futures and Options" trading on these exchanges, make sure you manage your crypto to set aside what you owe as tax during every trade. (It wouldn't be much but it adds up i guess).

I also want some advice from you guys regarding the earnings in BTC. Would it be considered a taxable event when an entity sends BTC to your account? It has some notional INR value, right. I don't convert my sats ever. I just let them sit. Its only been for my present campaign that i have been in one for so long. I wonder what are the implications related to tax when you are not converting it to Fiat and just receiving it. Do share if you guys have prior experience about this.

[Adam of cryptocurrencies]

This is so cool. The judge in his judgement called Bitcoin the "Adam of cryptocurrencies".. The backdrop is that the Supreme Court of India heard a case from Pro-bitcoin activists against the blanket ban issued by India's central bank. The judgement has just been uploaded on the official website: Supreme court of India judgement in Writ Petition number 373 and 528 of 2018.

Starting at page 28 of the judgement, the judge V. Subramaniam gives a brilliant description in his words of the history of online cash and bitcoin garnered from online resources and the whitepaper. He finishes with an epic line:

it is beyond any pale of doubt that irrespective of the metamorphosis (or gene mutation) it has undergone over the years, bitcoin, the Adam or Manu of the race of cryptocurrencies, was developed as an alternative to fiat currency

Everybody interested in bitcoin must read those pages from Page 28 to Page 32. If you have a passing interest in Indology, you will love the references made by the learned judge. I am reproducing some parts of the text here:

• The archeological excavations carried out at the (world wide web) sites, reveal that this digital currency civilization is just 12 years old (at the most, 37 years). But these excavations became necessary since virtual currencies, known by different names such as crypto assets, crypto currencies, digital assets, electronic currency, digital currency etc., elude an exact and precise definition, making it impossible to identify them as belonging either to the category of legal tender solely or to the category of commodity/good or stock solely.
  

• Any attempt to define what a virtual currency is, it appears, should follow the Vedic analysis of negation namely “neti, neti”. Avadhuta Gita of Dattatreya says, “by such sentences as ‘that thou are’, our own self or that which is untrue and composed of the 5 elements, is affirmed, but the sruti says ‘not this not that’.” The concept of Neti Neti is an expression of something inexpressible, but which seeks to capture the essence of that to which no other definition applies.

• That Satoshi and the Cypherpunks who participated in the initial experiments developed Bitcoin as an alternative to conventional currency, to counter the problems of debasement of currency by central agencies, was made clear by Satoshi himself when he said: “The root problem with conventional currency is all the trust that’s required to make it work. The Central Bank must be trusted not to debase the currency but the history of fiat currencies is full of breaches of that trust.”

Those 4 pages provide a brilliant recap in the words of a judge for whom this was probably the first exposure to these ideas of a cypherpunk. Some really great information too in there about everyone starting from Hal to Adam Back.

PS: Manu, in Hinduism refers to "the first man" or "progenitor of humanity", similar to Adam from Genesis.

Amid the bull run of late 2017-2018, crypto enthusiasts in india had to face the unsavory circular from the Reserve Bank of India putting a ban on all public and private banks from providing banking services to any entity dealing in crypto. This has lead to several upcoming bitcoin exchanges an startups to abruptly shut shop.

This also lead to an environment of fear and distrust of anything crypto among the general public. Now all those early hodlers can hopefully come out. The road is still long as the next issue to be taken up is the ban on import of mining hardware by Indian customs. There is also the Ministry of Finance which may come up with its version of money-laundering and terrorism financing stories.

The one thing still in favor is that most major business houses are in favor of setting up a conducive environment for the entrepreneurs and developers. Still a long way to go but this is a major victory to be celebrated.

https://economictimes.indiatimes.com/markets/stocks/news/sc-allows-trade-in-cryptocurrency-quashes-rbi-curb-on-use/articleshow/74470078.cms

[THIS IS BIG]

THIS IS BIG

The twitter handle of @cryptokanoon has informed that the Supreme Court of India has struck off the ban imposed by Reserve Bank of India as unconstitutional.

RBI had instructed all public and private sector banks to stop providing services to any business entity related to crypto, creating an ambiguous atmosphere of fear. A lot of exchanges,trading marketplaces, mining activity and enthusiastic entrepreneurs were nipped in the bud by this. Today after a long battle, information is coming in that the ban has been struck off as unconstitutional. The detailed judgement and commnets awaited:

Supreme Court of India strikes off crypto ban

Author: nullius
Original topic: Project Anastasia: Bitcoiners Against Identity Theft [re: Craig Wright scam]

ये हैं नन्हीं राजकुमारी एनेस्तेसिया,जिन्हें शासकीय तौर पर कहा जाता था "ग्रैंड डचेस एनेस्तेसिया निकोलाएव्ना रोमनोव ". ये रूस के आखरी ज़ार शासक की सबसे छोटी बेटी थी. ये 1910 में उस बच्ची की एक तस्वीर है। :

जुलाई 17 , 1918 को ,कम्युनिस्टों ने एनेस्तेसिया के साथ उसके माता-पिता और भाई-बहनो की हत्या कर दी थी. एनेस्तेसिया उस समय केवल सत्रह साल की थी.सभी की लाशों को पहचान मिटाने के लिए विकृत कर दिया गया और अवशेषों को इतनी गुप्त तरीके से छुपाया गया की उनकी खोज आखिरकार 1991 और 2007 में अलग अलग जगह हो पाई.

लाश न मिलने के कारण ये अफवाहें उड़ने लगी की एनेस्तेसिया बच निकली थी. वैज्ञानिक तौर पर ये साबित है की ये अफवाहें गलत थी. डीएनए जांच से सभी अवशेषों का हिसाब लगाया है और ये साफ़ है की एनेस्तेसिया की मृत्यु 1918 में हो गयी थी.

पर 1990 के दशक में अवशेषों के मिलने से पहले,  इन गलत अफवाहों का फ़ायदा उठा कर कई ढोंगी व्यक्ति सामने आये जिन्होंने राजकुमारी एनेस्तेसिया होने का दवा किया. इनमे से सबसे प्रसिद्द में एक ऐसी महिला भी थी जिसने एनेस्तेसिया के कुछ जीवित रह गए रिश्तेदारों तक का विश्वास इस बात के लिए जीत लिया की वह वाक़ई एनेस्तेसिया है. गौर करें की ये औरत दिमागी रूप से लम्बे समय तक विचलित रही थी. यह एक लम्बी कहानी है और यहां उसे दोहराना असंगत और एनेस्तेसिया के परिवार के लिए शर्मिंदगी का कारण है.

एनेस्तेसिया होने का दावा  करने वाले ये  ढोंगी लोग बहरूपिये थे , पहचान चुराने वाले identity thief जिन्होंने एक प्रसिद्द बच्ची की पहचान अपने फायदे के लिए चुराई थी।  ये उन्होंने शायद इसलिए किया ताकि वह खुद झूठी शौहरत पा सकें  ,या शायद इसलिए कि वो राजकुमारी एनेस्तेसिया के दौलतमंद रिश्तेदारों से पैसे ठग सकें और या सिर्फ इसलिए क्यूंकि वह दिमागी तौर पर बीमार थे. कारण इनमें से कुछ भी हो सकता है. उन्होंने जो किया वह गलत था और उन लोगों के लिए दुखदायी था जो सच में एनेस्तेसिया को अपनी बच्ची मानते थे या उससे प्रेम रखते थे.


बिटकॉइन के गुमनाम संस्थापक की पहचान भी एक ढोंगी,बहरूपिये ने चुराने की कोशिश करी है

क्रेग राइट भी एक बहरूपिया, पहचान चुराने वाला identity thief है.

जिस प्रसिद्द व्यक्ति के नाम और प्रतिष्ठा पर वह अपना दावा  करता है, असलियत में वह  वो नहीं है . उसकी बातें इतनी हास्यास्पद और गलत है की ज्यादातर लोग, जो बिटकॉइन के बारे में कुछ भी जानते हैं वह समझ जातें हैं की ये आदमी कितना बड़ा झूठ बोल रहा है.
सातोशी नाकामोतो होने का दवा करने वाला वह पहला व्यक्ति नहीं है, पर सबसे बेशर्म ज़रूर है। ये याद रखिए की ऐसा दवा करने वाला वह आखरी व्यक्ति भी नहीं है. इस तरह के आपराधिक बहरूपियों को ऐसा करने में बहुत बड़ा फायदा दिखाई देता है।  जैसे जैसे अगले पचास-साठ  सालों में बिटकॉइन का मूल्य और लोकप्रियता बढ़ेगी, सातोशी होने का ढोंग करने वाले और ऐसे लोगों के जाल में फंसने वाले बढ़ते रहेंगे।

इसका मतलब ये नहीं की इन् बहरूपियों को नज़रअंदाज़ कर दिया जाए!

किसी की पहचान चुराना गलत है. ये धोखादड़ी और एक अपराध है. जब किसी प्रसिद्द व्यक्ति की पहचान चुराई जाती है तो ऐसे बहरूपिये कई लोगों को नुक्सान पहुंचा सकते हैं. इसे रोका जाना ज़रूरी है.

बिटकॉइन से जुड़े सभी लोगों से मैं ये अपील करता हूँ की ऐसे बहरूपियों का हम सब एक हो कर विरोध करें। जब आप ये देखें की कोई बहरूपिया (Identity Thief) किसी की पहचान चुरा रहा है तो नज़रअंदाज़ न करें। चाहे वो चोरी छोटी हो या बड़ी, इसके खिलाफ ज़रूर खड़े हों। और अगर कोई बहरूपिया किसी प्रसिद्द व्यक्ति की पहचान चुरा कर बहुत सारे लोगों से उनकी मेहनत की कमाई चुराने की कोशिश करे तो ज़रूरी है की सबको पता चले की मामला कितने बड़े स्तर का है।  

हमें इस तरह की आइडेंटिटी थेफ़्ट का विरोध करना चाहिए क्यूंकि ये मूलतः सही रास्ता है। क्यूंकि ये बिटकॉइन को सुरक्षित रखने के लिए  है। आखिर में यही कहा जा सकता है की जिस तरह एक बच्ची की याद को उसकी मौत के बाद भी इस्तेमाल किया गया, वैसे हम सातोशी की याद का गलत इस्तेमाल न होने दें।