Is it possible that he is Satoshi Nakamoto?

[James Freeman (imcex.com)]

Read the article today. Now I know at least one person who's got good reasons to revenge by creating Bitcoin  

[skittixch]

*click*
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I'm sure it's an interesting article, but try and avoid misinformation in your topic subjects

[James Freeman (imcex.com)]

Sorry. Fixed the title.

[kokjo]

yes it is possible that he is Satoshi Nakamoto.
but it is also possible that i am Satoshi Nakamoto.
and also possible that you is Satoshi Nakamoto.

Satoshi Nakamoto is anonymous, we don't know who he is. or even if he exist any more.

[sadpandatech]

yes it is possible that he is Satoshi Nakamoto.
but it is also possible that i am Satoshi Nakamoto.
and also possible that you is Satoshi Nakamoto.

Satoshi Nakamoto is anonymous, we don't know who he is. or even if he exist any more.

I am The Satoshi Nakamoto  ... 

[shakaru]

I get it. When someone dies in bitcoin, they get a name.

His name is Sathoshi Nakamoto.
His name is Sathoshi Nakamoto.
His name is Sathoshi Nakamoto.
His name is Sathoshi Nakamoto.

[flug]

Interesting article indeed.

I see that e-gold peaked at $85 million, roughly where bitcoins are now. I wonder if that's some kind of cut off point where the authorities start freaking and taking whatever action they need to spoil the party.

[James Freeman (imcex.com)]

I see that e-gold peaked at $85 million, roughly where bitcoins are now. I wonder if that's some kind of cut off point where the authorities start freaking and taking whatever action they need to spoil the party.

I personally don't think that there is something special about 85 milllion. Probably it is just the point where it becomes "visible" to the government and starts affecting regular stuff bit by bit.
With Bitcoin such point might even be much higher, since a lot of Bitcoin adopters prefer to keep Bitcoins rather than spend them.

[istar]

Very interesting article.

He could be involved. But I dont think its him alone.

This was very interesting, maybe the bitcoin future.

A year later, customer accounts numbered about 3.5 million in 165 countries, with 1,000 new accounts opening every day. Millions of dollars were zipping through E-Gold’s system 24-hours-a-day, bouncing between the U.S. and Europe, South America and Asia. E-Gold collected 1 percent of every transaction, with a cap at 50 cents.

E-Gold was now second only to PayPal in the online payment industry. At last, Jackson says, he felt relief.

[vector76]

A gold bug would never create bitcoin.

[Reacon]

Have you ever wondered why it takes so much to generate a single block?

It's because all the rest of the computing power is being pooled into to virtualize a human brain perfectly. Satoshi Nakamoto isn't the creator of Bitcoin, he IS Bitcoin. He is the AI spawned of a network with massive computing power.


But not really.

[stsbrad]

how does this article not apply to mtgox tradehill etc etc? isn't it the same thing? this article was alarming to me.

[repentance]

how does this article not apply to mtgox tradehill etc etc? isn't it the same thing? this article was alarming to me.

It's not as though people aren't aware that the exchanges and other Bitcoin services they're dealing with are unlicensed and unregulated.  Anyone using those services should be well aware that their funds can be frozen by outside agencies without any notice and not store money or Bitcoins to which they might need immediate access with those services.

I also think it's a bit disingenuous for businesses to claim that financial services regulations don't apply to them unless they've actually applied for licensing and been told it's unnecessary.  It comes across as intentionally avoiding finding out about legal requirements until some outside authority steps in, which hardly inspires confidence that those services are following standard business practices with regard to separation of funds, maintaining adequate records, keeping data secure, etc.

[lettucebee]

From the article:
"Timberlake, the economics professor, is convinced that Jackson’s radical dream, his goal of upsetting the economic status quo and overturning the government’s monopoly on money, is what really got E-Gold targeted.

“No matter how innocent a person is you can always find a law that government agents can use to convict him of something,” Timberlake says, “And this is a perfect example of it. Any time anybody tries to produce money, the federal government is going to be on their tail.”"

[Vod]

Interesting article indeed.

I see that e-gold peaked at $85 million, roughly where bitcoins are now. I wonder if that's some kind of cut off point where the authorities start freaking and taking whatever action they need to spoil the party.

E-Gold was a centralized currency run by scammers.  Over three years I dealt with them, there were numerous reports of accounts being hacked and all the money stolen.  Many suspected it was the owners.

[k9quaint]

The differences I see between EGold and Bitcoin.

There is no central operator with Bitcoin. All transactions are visible, so nobody needs to get a subpoena. They only need download the transaction blocks. Also, bitcoin makes no promise to exchange into any other currency. Bitcoins are only tokens or chips and have no intrinsic value or backing by fiat, they are only as valuable as the need for a secure transaction is.

[repentance]

The differences I see between EGold and Bitcoin.

There is no central operator with Bitcoin. All transactions are visible, so nobody needs to get a subpoena. They only need download the transaction blocks. Also, bitcoin makes no promise to exchange into any other currency. Bitcoins are only tokens or chips and have no intrinsic value or backing by fiat, they are only as valuable as the need for a secure transaction is.

The transactions may be visible but the block chain can't tell you whether they were legitimate transactions or not and in most cases ownership of the addresses can't be tied to a specific individual.

[Smalleyster]

Very interesting article. Thanks for posting. The thread title is foolish though.

[kangasbros]

LOL, Satoshi has been a real technical genius, while that guy is just regular opportunist who launched his own centralized currency. Doing that doesn't require much technical skills.

[ffuentes]

All we are Satoshi Nakamoto