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Author Topic: [2015-12-10] Hindu: Why Bitcoin's founder matters, as spotlight hits Australian  (Read 1316 times)
polynesia (OP)
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December 11, 2015, 12:15:08 AM
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Why Bitcoin's founder matters, as spotlight hits Australian

http://www.thehindu.com/business/why-bitcoins-founder-matters-as-spotlight-hits-australian/article7969659.ece

Since the founding of the cryptocurrency Bitcoin in 2009, its inventor or inventors have been shrouded in mystery. For six years, the individual or group has lurked behind the pseudonym Satoshi Nakamoto and hoarded a pile of the digital currency, so large it might crash the market if sold today.

The hunt for Bitcoin’s founder has become a cottage industry among some journalists. The chase has veered from a Finnish sociologist to a Japanese mathematician to a Japanese-American engineer, all of whom denied it the latter after a car chase with reporters that ended at the offices of The Associated Press in Los Angeles in March 2014.
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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polynesia (OP)
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December 12, 2015, 12:26:28 AM
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IBN has covered this as well.

http://www.ibnlive.com/news/tech/who-is-satoshi-nakamoto-why-bitcoins-founder-matters-1175889.html
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