Bitcoin arrived on the scene in 2009 during the global financial crisis and at that time there were great hopes bitcoin might offer a viable alternative to a mainstream financial system that was clearly struggling.

Six years later Bitcoin has yet to gain widespread acceptance either as a digital commodity or currency. It has been at the centre of a number of scandals and linked closely to the illicit drug trading site the silk road. But despite all this the idea behind bitcoin is still being taken very seriously by governments, silicon valley and the finance industry. So why such interest?

New York Times reporter and author Nathaniel Popper has the inside story of Bitcoin and the people who are trying to reinvent money.

Highlights of Digital Gold, the Museum of American Finance, Wall st New York, 16th June 2015.

http://www.abc.net.au/radionational/programs/bigideas/bitcoin/6948502

The Bitcoin Community in Greece faces a huge problem regarding the adoption of BTC in small businesses and enterprises, so we spoke to the organizer in order to learn his opinion about it.

As a lot of people in the world have the right to learn and understand the Bitcoin world, the Greeks also have the same right. The Greek Crisis has already hit and the political and financial systems are wounded in a very serious way by the Greek debt. With the people, and only with them, lays the power to change this bad situation, this cannot be done by a miracle.

Few people in our world could make things better for the rest of us and they deserve our support, like the Greek BitcoinCT r:  7 Community. They struggle to explain to individuals and businesses how this technology works, and how they can benefit. On February the 12th, the Bitcoin Greek Community invites you into the Technopolis in the city of Athens to present, discuss and meet each other in a nice atmosphere.

Correspondent of CoinTelegraph asked Mr. Chatzinikolaou Dimos. about it and the decisions to be made for the future.

CoinTelegraph: What do you say about this Meetup Group?

Dimos Chatzinikolaou: If we divide the transnational bitcoin community into national groups, we may declare ourselves as a Greek bitcoin community. There is a minor, hence rapidly growing, interest from the Greek people to learn about this new innovation on money and there is no doubt that the capital controls which have been put in place from the banking industry last summer is pushing forward this interest. There is a handful of businesses and organizations that are working on bitcoin, and are based in Greece, and as always with the open source technologies the majority of the community is constituted by volunteers.

CT: Why are you in a Bitcoin and Blockchain technology community?

DC: This new meetup in Athens has sprung up through this enthusiasm and personal interest for the new bitcoin industry which gives promises for solutions to the banking economic fragmentation and is our first meetup that's been announced that early prior it's accomplishment. There will be analytical presentations, both for newcomers and more advanced users, and will be held in one of the most well established technological innovation hub in the city of Athens. This early announcement is the result of good communication, enthusiasm, community-driven social behavior and economic advance incentives by exceptionally tech savvy people that coordinate through a slack channel, the bitcointalk forum and the meetup page (all three channels are gaining significant network effect). This meetup will be as expected and most importantly there will be a lot of bitcoin donations for experimentation!

I am in the bitcoin community in order to change the world…


read more http://cointelegraph.com/news/116133/bitcoin-meetup-innovathens

Police in the Netherlands have cracked down on a group they suspect has laundered proceeds, in the form of the virtual currency Bitcoin, from the online sale of illegal goods.

The use of virtual currencies is an attractive way for criminals to launder money, as Bitcoin transactions are not monitored by financial authorities.

On Jan. 19, Dutch authorities arrested 10 people and raided 15 locations in Rotterdam, Zoermeer, Almere, Dortdrecht, Zaandam, Schiedam, The Hague and Putten. Police seized an undisclosed number of luxury vehicles, bank accounts, cash, and chemicals used for the production of the drug ecstasy.

The police operation was conducted with the help of the US, Lithuania, Australia and Morocco.

According to the Lithuanian Financial Crime Investigation Service, the group laundered up to € 20 million (more than US$ 21 million).

According to prosecutors, the suspects used Bitcoins via the 'Dark Web,' a part of the internet not easily accessable for the average internet user. The Dark Web hosts a virtual market place similar to ebay.com where people can trade goods anonymously using virtual currencies.

As such, the Dark Web has become an attractive place for criminals looking for a way to launder fundsor sell drugs, firearms and other illegal goods.

Some of the 10 suspects arrested were identified as Bitcoin traders, believed by prosecutors to have acquired Bitcoins by selling illegal goods. Others were identified as Bitcoin cashers, who allegedly exchanged them for Euros, which could later be withdrawn as 'clean money' from ATM machines.

The investigation into the group was initiated after banks notified authorities that large sums of money were being deposited and then immediately withdrawn at ATM machines.

The increasing use of virtual currencies poses new challenges for law enforcement. Apart from illegal trade, the lack of regulation also provides ways for cyber-criminals to blackmail individuals and companies or to steal virtual currency via illegal software.

http://hetq.am/eng/news/65249/10-arrested-in-netherlands-in-bitcoin-operation.html

Looks like people are cashing out bitcoin in different ways, i think next will be someone buying an yacht

This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29.



Summary

Bitcoin price had been testing the $380/$375 and 2500 CNY level for support, found it, and surged higher. A correction near $400 and $2650, once complete, should see price pushing toward initial targets at $414 and $2720.


Disclaimer

The writer trades Bitcoin. Trade and Investment is risky. CCN.LA accepts no liability for losses incurred as a result of anything written in this Bitcoin price analysis report.

Read more https://www.cryptocoinsnews.com/bitcoin-price-reattempts-400/

Joe Rogan, an American podcaster, UFC commentator, and host of the Joe Rogan Experience said on Twitter that UFC Featherweight champion Conor Mcgregor could force the UFC to accept bitcoin for his fights.

Conor Mcgregor, arguably the biggest superstar in the history of UFC has been driving the highest pay-per-views and gate sales for his past few fights. McGregor’s income for his last fight against the former Brazilian champion Jose Aldo totaled US$8 million, overtaking Ronda Rousey’s earnings-per-second record with a 13-second knockout win.

The highly anticipated matchup against Rafael dos Anjos on March 5 is also expected to be the biggest fight in the lightweight division of the UFC and the promotion.

Because of McGregor’s dominant fight record and popularity in the UFC, the promotion’s president Dana White and multi-billionaire Chairman/CEO Lorenzo Fertitta have been dealing with McGregor directly, offering premium pay-per-view cuts.

read more http://www.newsbtc.com/2016/01/24/ufc-commentator-joe-rogan-conor-mcgregor-could-force-ufc-to-accept-bitcoin/

While the mainstream media is still convinced that bitcoin as a technology "has failed," bitcoin experts and developers state that Bitcoin's model is far from broken.

Following the controversial exit of former Bitcoin Core developer Mike Hearn, technology veterans and experts including Automattic (wordpress) founder and CEO Matthew Mullenweg and tech savvy bitcoin investor Fred Wilson have stated that they expect to see a new set of core developers and governance replacing Bitcoin Core.

“I personally believe we will see a fork accepted by the mining community at some point this year. And that will come with a new set of core developers and some governance about how decisions are made,” Wilson wrote on January 15, 2016.

The concern from the bitcoin community regarding the block size debate and Mike Hearn’s statement derives from the fear of reaching maximum bandwidth limits, seeing a surge in miners’ fees and achieving the block size limit in the bitcoin network.

However, Onename co-founder Muneed Ali presented a counter argument, claiming that the Onename platform, which enables users to register a blockchain ID that can be embedded into various accounts and applications, did not experience any network conflict or delay in sending blockchain ID transactions over the past week.

“We, at Onename, were sending 50–100 blockchain ID transactions per block last week (~9,000 total) and didn’t hit bandwidth limits or spike fees,” said Ali.

Ali further emphasized that many of the community’s bitcoin enthusiasts, experts, and startups are needlessly requesting for a hard fork which could potentially expose security and reliability issues of the network.

More importantly, average block size, according to the data provided by blockchain.info is currently less than 0.6 megabytes. Thus, a hard fork to dangerously increase the bitcoin blocksize to 4 megabytes or even 8 megabytes is definitely inessential.

“Reckless increase in blocksize can expose security and reliability issues or disconnect nodes with slower connections. Increasing bandwidth without proper testing and data collection from real networks risks security and reliability which is a bad tradeoff to make,” said Ali.

Moreover, a proportional level of computing power is required to secure blocks in the bitcoin blockchain. Previously explained by bitcoin expert Pete Dushenski, a bigger block size requires a substantially higher level of computing power, which the bitcoin network isn’t ready for just yet.

read more http://www.newsbtc.com/2016/01/24/onename-co-founder-bitcoins-model-is-far-from-broken/

"The progress of mankind is marked by the rise of new technologies and the human ingenuity they unlock."

That's the glowing foreword to a new report on blockchain and distributed ledger tech issued by the UK government's Chief Scientific Adviser this week.

Taking a positive outlook on the emerging technology, the document recommends a broad government initiative to develop and demonstrate blockchain and distributed ledger technology, one that has caught the attention of the global media while emboldening growing chorus of "blockchain" enthusiasts.

One object of attention was the proposal that the UK government itself should pursue applications of the technology.

Author Mark Walport wrote:


Walport goes on to spell out the advantages for government and other public and private sector organisations, making a number of recommendations to further increase development and adoption of the technologies.

read more http://www.coindesk.com/5-excerpts-uk-government-blockchain-report/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

Financial technology — commonly known as fintech — is not only transforming the way consumers operate, is also a huge threat to the traditional banking industry.

Think about TransferWise, one of the few British tech unicorns (private companies worth over $1 billion), and PayPal when it comes to payments and peer-to-peer matching services. Or how about the blockchain — the technology that underpins bitcoin. Or online-only banks?

All in all, the way we bank and pay for things are completely different from 20 years ago.

But the biggest shift in banking industry during the tech revolution is the switch from complacency to collaboration, said Richard Lumb, the CEO of Accenture’s financial services business to Business Insider on the sidelines of the World Economic Forum in Davos, Switzerland.

Lumb is very well placed to make this assumption. He has spent over 28 years developing strategies and business models for banks, brokers and other financials but at the same time helps run the annual FinTech Innovation Lab London, which is a mentoring programme for startups.

said Lumb in an interview.

Read more http://www.businessinsider.com/accenture-financial-business-ceo-richard-lumb-davos-interview-fintech-blockchain-2016-1

i think better to invest in Lending bitcoin or also in trading platform, instad to just hold it in your wallet untill price will rase up

11 top investment banks have used blockchain technology to do mock trades with each other, signalling a big step towards adopting the technology first developed for bitcoin into mainstream finance.

R3, an industry-wide consortium of 42 investment banks looking at the technology, announced in an email that banks "simulated exchanging value, represented by tokenized assets on the distributed ledger without the need for a centralized third party."

In plain English: banks traded toy money and tokens representing shares and commodities with each other over this new, decentralized network that meant they didn't need to go through third party settlement or clearing house. The trades were carried out in R3's lab environment — a safe sandbox for them to experiment in.

'A major step forward'
R3 CEO David Rutter says in an emailed statement: "This is a very exciting development, both for R3 and our member banks, as well as the global financial services industry as a whole."

The 11 banks involved in the proof of concept were: Barclays, BMO Financial Group, Credit Suisse, Commonwealth Bank of Australia, HSBC, Natixis, Royal Bank of Scotland, TD Bank, UBS, UniCredit, and Wells Fargo.

R3 says the "transition from vision to execution" represents "a major step forward for the application of distributed ledger technology across the entire industry."

Distributed ledger technology is a more general name for blockchain technology. The blockchain was developed as part of cryptocurrency bitcoin as a way for it to circumvent central banks. The technology uses complex cryptography and the wisdom of the "crowd" to verify transactions, rather than a traditional middle man. Records are shared across multiple servers and must be checked against each other, rather than a central ledger.

It essentially allows cash transactions on the web — rather than telling your bank to put money in your friends bank account, you just deal directly with your friend.

Ironically, while bitcoin was developed by anarcho-libertarian developers who wanted to circumvent traditional finance, big investment banks are now going crazy for the technology.

Just like people, banks still have to go through "trusted middlemen" when dealing with each other. Settlement and clearing houses make sure everyone gets paid the right amount and no one is screwed over.

But blockchain's technology and its inbuilt security and trust checks mean they can cut out this process and deal directly. This, in turn, cuts down costs. Santander estimated last year that the technology could save banks as much as $20 billion.

UBS says in a white paper released this week:

When money is transferred between banks, each institution needs to engage in a labor-intensive process of ledger reconciliation to confirm that the correct sums have been processed. A blockchain system, by eliminating the need for such a process, could allow banks to cut middle-skill administrative labor.

The technology also has the potential to make everything a lot quicker. UBS' whitepaper says transactions processing times could be cut from as much as 4 days to as little as 15 seconds. That frees up for capacity to do other things.


Read more : http://www.msn.com/en-ie/money/topstories/banks-used-the-technology-behind-bitcoin-to-trade-with-each-other-for-the-first-time/ar-BBoCABH

The World Economic Forum in Davos has been paying growing attention to new financial technologies, including Bitcoin and Blockchain for several years already. The WEF annual conference this year was mostly dedicated to the Fourth Industrial Revolution and FinTech.

The World’s financial and banking giants again shared their attitude to digital currencies and Blockchain technology. Some of them did note that new distributed ledger solutions will change the financial industry soon, while others condemned BitcoinCT r:  7 to failure.

MasterCard investments

After the first day of the conference an interview with Garry Lyons, Chief Innovation Officer at MasterCard, to Business Insider caught everyone’s attention. He said that the company is “interested in seeing where blockchain technology goes” and the company is already investing in Digital Currency Group (DCG), the Bitcoin and Blockchain company.

Garry Lyons continued:


read more http://cointelegraph.com/news/116132/davos-bitcoin-vs-blockchain

The Bretton Woods 2015 White Paper lists the goals, opportunities and threats faced by Bitcoin industry. It also offers certain recommendations which could help build a harmonious relationship between the Bitcoin industry and regulators.

The North American Bitcoin Conference held on 21 and 22 January in Miami saw the release of Bretton Woods 2015 White Paper.

The report, a comprehensive study on the history, currency status and future of Bitcoin and Blockchain technology was released by Joe Colangelo, the Executive Director of Consumer’s Research – the organization that commissioned this study.

Bretton Woods 2015 White Paper, named after the Mount Washington Resort in Bretton Woods, which has a historical significance for being the place where the future course for US Dollar was set in 1945. The report was created with noble intentions, to offer information about the opportunities provided by Bitcoin and blockchain technology, the roadblocks faced by the industry and to offer a brief insight into how the bitcoin industry currently views the digital currency and its underlying technology.

The report closely follows the evolution of Bitcoin from Bitcoin 1.0 till Bitcoin 3.0 with Bitcoin 1.0 being the core intended features of Bitcoin technology used for facilitating and executing transactions and mining.

Bitcoin 2.0 is the application of Bitcoin tech for other FinTech applications involving financial institutions, financial instruments and smart contracts. Bitcoin 3.0 includes emerging applications in sectors other than banking and FinTech. Bitcoin 3.0 includes use of blockchain technology for record management, intellectual and physical property rights management, education, governance etc. In addition, the Bretton Woods 2015 White Paper also covers various aspects relevant to the overall development of all the three versions. Some of the topics include status of development, funding, regulations which have direct influence on the implementation.

The Bretton Woods 2015 White Paper on Bitcoin describes 5 goals of blockchain technology namely-

Efficiency
Consumer Choice, Access, Privacy and Protection
Transparency
Direct Self Governance
Human Empowerment



Read more http://www.newsbtc.com/2016/01/24/bretton-woods-2015-white-paper-bitcoin/

The cavalcade of the great minds that are shaping the Bitcoin and blockchain industries continued in earnest on Day Two, 22 January, of The North American Bitcoin Conference (TNABC) 2016. Presenters and panelists focused on regulations affecting Bitcoin and its blockchain technology, mining future perspectives, and investments. In addition, student organization “Generation Blockchain,” presented their list of demands that will help them to change the world for the better.






Bitcoin cannot be regulated. However exchanges and websites using Bitcoin can be regulated, asserted Joe Colangelo, Executive Director Consumers’ Research. Colangelo and his team authored the “Bretton Woods 2015 White Paper: The Promise of Bitcoin and the Blockchain.” In his presentation, Colangelo referred to this document, which “identifies and explains the opportunities presented by blockchain technologies, the challenges faced by those opportunities, and potential ways to address those challenges.” Recently, Jamie Redman reviewed the Bretton Woods 2015 White Paper here: “The Bretton Woods White Paper Review.”

Jerry Brito, Executive Director of Coin Center, dealt with the question, is Bitcoin regulated? Brito affirms that Bitcoin has never been regulated. However, Bitcoin users and businesses have been subject to regulation since Bitcoin’s inception. He gave a detailed description of the areas of Bitcoin regulation, which are anti-money laundering and terrorist financing, sanctions, consumer protection and others (tax, security, derivatives, and others).

For each of these areas, Brito highlighted the challenges involved with adhering to their specific regulations. For example, according to the U.S. Office of Foreign Asset Control (OFAC), businesses should not deal with individuals or businesses that are included in the Specially Designated National Lists. But how could businesses comply with this regulation when Bitcoin transactions are pseudo-anonymous, involving only cryptographic keys or Bitcoin addresses? Similarly, how could anybody comply with the “business rule” when sending bitcoins across borders? Notice that the “Travel” rule is the ABank Secrecy Act that requires all financial institutions to pass on certain information to the next financial institution, in certain funds transmittals involving more than one financial institution.

read more https://news.bitcoin.com/generation-blockchain-issues-demands-tnabc-2016/

this site is 100% a scam , domain was registred few days ago,do not do any tranzaction on it
also odolvlobo say in one post

There are repeated arguments about the death of Bitcoin network in mainstream media, mainly fueled by recent blog post by Mike Hearn among other things. But in reality, the Bitcoin Network has grown too big to fall that easily.

The future of Bitcoin has been the topic of debate for weeks now, ever since former Bitcoin Core developer decided to prematurely conclude a still ongoing experiment. In Mike Hearn’s words, bitcoin was a failed experiment and its demise is imminent. This was not the first time someone had wrongly predicted the future of the most widely used digital currency in the world. It had died 88 times before Mike Hearn’s prediction and four more times since then.

Why Bitcoin Will Thrive?
Bitcoin is not going to die so soon. Sorry to disappoint those who were expecting to wake up tomorrow to a Bitcoin-free day. The digital currency has so far survived worst of the blows it has been dealt with. Roughly two years ago, when the Bitcoin community was probably a bit more than half of today’s size breezed through Mt Gox. Now, the community is much stronger and those who understand the digital currency have increased as well.

As a currency, bitcoin may not have seen much growth in terms of merchant adoption so far. But the number of bitcoin users are growing consistently. In the past one year alone, over 5 million new users (in terms of wallets)[1] have joined the Bitcoin community. The number of transactions over the Bitcoin network has increased exponentially. Now coming back to merchant adoption, what if merchants do not accept bitcoin in its true form? They have started accepting bitcoin fueled debit cards. The number of bitcoin debit card issuers have increased in the past year itself. So, there is no dearth of ways to spend bitcoin at the moment. With big e-commerce giants including bitcoin payment options, the list of possible things one can do with bitcoin is increasing day by day.

Bitcoin Network May Collapse
Block size limitation was considered as one of the limitations which might cause the downfall of bitcoin. The Bitcoin community might have disregarded BIP-101 or the Bitcoin-XT adoption, but the Bitcoin network is now backing Bitcoin Classic. The increase in block size may be nominal (1 MB in place of 7 MB as per BIP-101), but who cares! The network is not in a hurry to make giant leaps, even baby steps is fine at this juncture, as long as it is on the right track. 
The future of Bitcoin Classic is presently looking good and its adoption means no debate for a couple of years. The number of transactions over the network seems healthy and the blockchain is also being used for various other applications including banking, FinTech, record management, rights management, smart contracts and even Internet of Things. All these things are sure signs of a brilliant ecosystem in the making.

Bitcoin Sustainability ?
There are concerns about bitcoin network not being able to maintain its decentralized structure. Majority of hashing power is handled by a handful of people or mining pools. Frankly speaking, that is collateral damage which we see every day in ‘democracies’. People willingly vote a person to the position of power in order to ensure proper execution of the whole process (a government in this case). When it comes to Bitcoin, it may not last that long.

Faster and more economical mining ASICs are now available in the market. The cost of energy is going down as well. Both these factors make mining possible for individuals. The Internet of Things enabled devices and equipment are expected to stay connected to the Bitcoin network, contributing whatever minuscule processing power (in today’s terms) they can spare. Even though the idea seems a bit far fetched, it is probable.

For those who consider bitcoin mining to be too expensive, unsustainable in terms of cost of energy and energy utilization – The cost of energy has fallen as low as it can get it the recent months and the mining equipment have become far more energy efficient than one can imagine. Combining these two factors with strategic location of mining data centers near the cold Arctic, mild pleasant European country of Georgia and even colder parts of China further reduces cooling requirements of these data centers. Harnessing alternative energy has also become cheaper and more efficient. A recent report states that the cost of solar power in Rajasthan, India has fallen by one-third in the past few years. All these factors will go a long way in keeping bitcoin mining profitable and more sustainable over a period of time.


read more http://www.newsbtc.com/2016/01/24/bitcoin-network-death-not-soon/

In releasing its source code to developers, Zcash is hoping to make its software more secure so that it can achieve its goal of being a truly anonymous cryptocurrency for the global marketplace. The source code’s release, reported by CCN, marks a developmental step in the effort to create a more private cryptocurrency. Some see it as the first public alpha release of the best effort to date of untraceable digital money.

Zcash, formerly known as Zerocash/Zerocoin, announced in its blog that the most important feature bitcoin brings to the table is being an open financial platform that anyone can connect to without getting someone’s permission. Seven years into the bitcoin project, the cryptocurrency community is still learning about bitcoin’s possibilities and how they will play out in real economies and communities.

Privacy: The Big Improvement



Zcash’s improvement over bitcoin is its privacy, Zooko Wilcox, founder and CEO, stated in the blog. Its team of engineers and cryptographers have made advances in the underlying mathematics to build a privacy-preserving variant of bitcoin’s software. The website has a section explaining the technology.
Cryptocurrency developers have been aware of the Zerocoin Project for a couple of years. Several developers have explored the software in studying ways to enhance privacy and anonymity of bitcoin and other altcoins.

What makes privacy so important? “Because privacy is a human right,” Wilcox stated. He claims personal privacy is needed for core human values such as dignity, morality and intimacy.


Read more https://www.cryptocoinsnews.com/zcash-released-code-developmental-input-search-privacy/

Major financial players are feeling the effect of the ongoing financial crisis and are forced to cut down staff numbers all over the world. Barclays, one of the biggest banks in the world, has announced they will be cutting at last 1,200 jobs. Especially their Asian branch, which will be hit the hardest by this decision, as 230 employees will be let go in the next few months. While this debacle is going on, the Bitcoin and blockchain industry is bringing more jobs to people worldwide.


Whenever there is little to no economic growth to speak of for an extended period, it will only be a matter of time until established financial players will need to cut their losses. As is the case with any business in the world, the first cuts will be made in their workforce, as Barclays announced roughly 1,200 people will lose their jobs this year.

This fresh rounds of cuts — a large portion of which will happen in Asia — is a result of the global struggle faced by traditional finance. Things are so dire that Barclays will have to halt operations in Taiwan, Malaysia, Australia and South Korea this year. However, the bank is not planning to move its prime brokerage and derivatives business elsewhere, as that branch will remain active in Asia for the time being.
But even the Western World is not spared, as Barclays employees fear for their jobs in London and New York. Furthermore, the plan is to shut down the Russian office completely, adding to the list of jobs to cut in 2016. However, none of these actions should come as a surprise, considering how Barclays has been involved in various scandals. In a way, one could say this bank has dug its own grave, and now has to rest in it.


read more https://news.bitcoin.com/barclays-cuts-1200-jobs-dead-bitcoin-thrives/

The U.S. think-tank Consumers’ Research has just released the Bretton Woods White Paper, which consists of input from digital currency executives, developers and regulators concerning emerging technologies. Gathered at the site of the Mount Washington Resort, the group produced an 85-page report discussing Bitcoin and its underlying platform. The review was released in Miami at The North American Bitcoin Conference by Research executive director Joe Colangelo.

According to Colangelo, the paper’s primary focus has three essential attributes:

Serve to inform those new to Bitcoin and blockchain technology of opportunities they may not have considered previously.
Better inform members of the Bitcoin community of potential hurdles that may impede their ability to effect change, which they may not have realized.
Serve as a primary document for how industry experts viewed Bitcoin and blockchain technologies in the year 2015.
The Bretton Woods White Paper goes over quite a bit of information on Bitcoin and blockchain technology within its pages, featuring key players in the industry and the opportunities the technology provides. The subjects in the downloadable PDF include blockchain technology in general, smart contracts, identity solutions, game theory and microtransactions. These tiny transactions are viewed as being possibly able to change the financial landscape and internet model worldwide. Sending small transactions has become significantly popular idea but costs today with certain companies like Paypal are still very high. The paper reveals distributed ledgers allow an efficient and low-cost way to leap over this problem it states:

https://news.bitcoin.com/the-bretton-woods-white-paper-review/

A text analysis of Craig’ Wright’s writing by a specialist working with the U.K.-based International Business Times (IBT) has determined that the Australian is most likely not Satoshi Nakamoto. The company used a technique that compares texts written by Wright with anonymous texts believed to be sent by Nakamoto, including the original bitcoin white paper.

Both Gizmodo and Wired reported in December that Wright, a 44-year-old Australian cryptocurrency expert, might be the pseudonymous Nakamoto. The reports set off a flurry of speculation, with many claiming Wright wasn’t Nakamoto but had masterminded a hoax. Both Wired and Gizmodo acknowledged this possibility in their initial reports.

IBT tapped Juola & Associates, a Pittsburgh, Pa.-based company that uses a technique known as stylometry to determine the authors of anonymous texts. Juola compared Wright’s writing with texts that are attributed to Nakamoto. The company has been tracking Nakamoto’s texts for years.

How The Analysis Was Done

John Noecker, chief scientist at Juola & Associates, said he does not believe Wright authored the bitcoin white paper, based on linguistic texts. He used an analysis tool called Envelope that condenses millions of linguistic features the company has studied for years.

The company’s techniques were developed by Patrick Juola, a Duquesne University professor. These techniques have succeeded in the past, having identified JK Rowling, the Harry Potter author, as the writer behind “The Cuckoo’s Calling” which published under a pseudonym.

While it is widely believed that Wright planted the evidence to trick Gizmodo and Wired, there is no proof that he is not Nakamoto.

A message sent to a bitcoin forum from an email address believed to be associated with Nakamoto said: “I am not Craig Wright. We are all Satoshi.” The message, however, was not accompanied by a PGP key that would have confirmed its authenticity.

In its initial report, Wired noted that Wright could be Nakamoto or he could be a brilliant hoaxer. They could not say with absolute certainty that the mystery was solved.

Gizmodo, which published its story shortly after Wired, claimed to have uncovered files and interviews corroborating evidence of Wright’s involvement in bitcoin.

Both sources also said a computer forensics expert named David Kleiman who was a close friend of Wright played a fundamental role in bitcoin’s creation. Kleiman died in 2013.

https://www.cryptocoinsnews.com/text-analysis-confirms-craig-wright-not-satoshi-nakamoto/