[ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open

[DNotes]

DNotes Now Live
on www.mining-dutch.nl

Diff: 8192       | stratum+tcp://mining-dutch.nl:3339
Vardiff           | stratum+tcp://mining-dutch.nl:3439
Diff: 16382     | stratum+tcp://mining-dutch.nl:3539

Also on the Multiport
Diff: 8192       | stratum+tcp://mining-dutch.nl:6666       
Vardiff           | stratum+tcp://mining-dutch.nl:7777       
Diff: 16382     | stratum+tcp://mining-dutch.nl:8888

Happy mining.

Thanks cryptofarmer! I will add it to our pool list.

[DNotes]

Blockchain Weekly Recap 4-30-2016

EdgeVerve Introduces Developer Suite for Banks
Credits Partners with Skyscape to Bring BaaS to UK Public Sector
UK Government Paying Tramonex to Develop Blockchain Foreign Exchange Platform
Computershare Unveils New Blockchain-based Register Platform
Libertarians Choose Blockchain Election System for NY State Convention

http://dcebrief.com/blockchain-weekly-recap-4-30-2016-2/

[kanus1113]

This caught my attention... "build an API that focused on eliminating shopping cart abandonment by standardizing the online checkout experience" in this article Bitcoin's Messy Push for Innovation is Winning Over Payments Innovators http://www.coindesk.com/bitcoin-messy-innovation-payments-innovators/. Abandonment is a huge issue, you don't have to read the whole article, they are just making a case for crypto forcing new innovation in the field of payment processing, which very cool.

[DNotes]

This caught my attention... "build an API that focused on eliminating shopping cart abandonment by standardizing the online checkout experience" in this article Bitcoin's Messy Push for Innovation is Winning Over Payments Innovators http://www.coindesk.com/bitcoin-messy-innovation-payments-innovators/. Abandonment is a huge issue, you don't have to read the whole article, they are just making a case for crypto forcing new innovation in the field of payment processing, which very cool.

I noticed that one as well, cart abandonment is a big issue, and it will be nice when we can develop a solution using digital currency where the user can feel comfortable and secure checking out. Especially if it is standardized.

[Dyna]

There have been all kinds of use cases for blockchain. Frankly, a lot of them are on the borderline of being silly. However, using "blockchain technology to the human resources industry to increase transparency and fight fraud in HR credentials" could have merits. I have some interesting ideas alone those line. Like any big bold ideas there are challenges must be addressed successfully.  

Ascribe Forms Alliance with Japan HR Firm Recruit Tech to Test Blockchain for HR

Hans Lombardo
April 27, 2016

German blockchain startup Ascribe and Japan-based human resources tech firm Recruit Technologies have formed a strategic alliance to bring blockchain technology to the human resources industry to increase transparency and fight fraud in HR credentials.

Recruit Tech, a subsidiary of Recruit Holdings Co. – a major information services and human resources company in Japan, will leverage Ascribe’s web service to develop blockchain-backed cryptographic Certificates of Authenticity. To overcome scalability issues with traditional blockchains, Recruit Tech will also be using BigchainDB, a scalable blockchain database developed by the Ascribe team.

The goal of these tests is to examine the possibilities and practical uses of how blockchain technology can be applied to the human resources sector and develop a prototype resume authentication database for job hunters.

Osamu Yonetani, CTO of Recruit Technologies, stated:

“With a resume authentication database, the verification of official certificates and contracts, which have until now been typically done on paper, could be carried out using the blockchain database. As a result, the effort of collecting multiple official certificates would be reduced for those searching for jobs. The companies being applied to could also handle confidential official certificates safely and without worry of misrepresentation.”

The two partners hope the result of these efforts will encourage data-sharing among different institutions and allow for data-mining based fraud detection. Record credentials will be stored on the blockchain and tamper-proof Certificates of Authenticity will be generated via digital signatures. While HR is being used a pilot use case, the intention is for Recruit Tech to leverage this technology across the many different industries Recruit Holdings Co. works with.

HR is one industry where fraud manifests in forged or altered documentation including completely fabricated documents like school credentials or previous employment records. Another common example is foreign documents that are mistranslated, improperly representing the original or completely changing their context.

Bruce Pon, CEO of ascribe, noted:

“This type of fraud is common worldwide. With blockchain technology, an institution can issue a degree to a student in a cryptographically secure, immutable, public fashion. By leveraging this technology, Recruit Technologies will find a way to address a variety of fraud issues, greatly reducing fraud on a large scale and in turn benefiting their customers.”

Source: http://allcoinsnews.com/2016/04/27/ascribe-forms-alliance-with-japan-hr-firm-recruit-tech-to-test-blockchain-for-hr/

[DNotes]

Digital Currency Weekly Recap 5-1-2016

The New UK Treasury Action Plan to Regulate Exchanges
UK Treasury to Exempt Digital Currency Wallets from AML Rules
EU Vote Means Crypto Exchange AML Policy Closer to Reality
Isle of Man Seeks Rules Tweak to Facilitate Cryptocurrency Gambling
New Japanese Banking Legislation Would Equate Digital Currencies to Fiat Currency

http://dcebrief.com/digital-currency-weekly-recap-5-1-2016/

[kanus1113]

There have been all kinds of use cases for blockchain. Frankly, a lot of them are on the borderline of being silly. However, using "blockchain technology to the human resources industry to increase transparency and fight fraud in HR credentials" could have merits. I have some interesting ideas alone those line. Like any big bold ideas there are challenges must be addressed successfully.  

Ascribe Forms Alliance with Japan HR Firm Recruit Tech to Test Blockchain for HR

Hans Lombardo
April 27, 2016

German blockchain startup Ascribe and Japan-based human resources tech firm Recruit Technologies have formed a strategic alliance to bring blockchain technology to the human resources industry to increase transparency and fight fraud in HR credentials.

Recruit Tech, a subsidiary of Recruit Holdings Co. – a major information services and human resources company in Japan, will leverage Ascribe’s web service to develop blockchain-backed cryptographic Certificates of Authenticity. To overcome scalability issues with traditional blockchains, Recruit Tech will also be using BigchainDB, a scalable blockchain database developed by the Ascribe team.

The goal of these tests is to examine the possibilities and practical uses of how blockchain technology can be applied to the human resources sector and develop a prototype resume authentication database for job hunters.

Osamu Yonetani, CTO of Recruit Technologies, stated:

“With a resume authentication database, the verification of official certificates and contracts, which have until now been typically done on paper, could be carried out using the blockchain database. As a result, the effort of collecting multiple official certificates would be reduced for those searching for jobs. The companies being applied to could also handle confidential official certificates safely and without worry of misrepresentation.”

The two partners hope the result of these efforts will encourage data-sharing among different institutions and allow for data-mining based fraud detection. Record credentials will be stored on the blockchain and tamper-proof Certificates of Authenticity will be generated via digital signatures. While HR is being used a pilot use case, the intention is for Recruit Tech to leverage this technology across the many different industries Recruit Holdings Co. works with.

HR is one industry where fraud manifests in forged or altered documentation including completely fabricated documents like school credentials or previous employment records. Another common example is foreign documents that are mistranslated, improperly representing the original or completely changing their context.

Bruce Pon, CEO of ascribe, noted:

“This type of fraud is common worldwide. With blockchain technology, an institution can issue a degree to a student in a cryptographically secure, immutable, public fashion. By leveraging this technology, Recruit Technologies will find a way to address a variety of fraud issues, greatly reducing fraud on a large scale and in turn benefiting their customers.”

Source: http://allcoinsnews.com/2016/04/27/ascribe-forms-alliance-with-japan-hr-firm-recruit-tech-to-test-blockchain-for-hr/

A blockchain based resume verification system? Sounds cool, but I may not want everyone to know I worked at a gas station and grocery store as a kid, or times when I deviated from my career path.

[kanus1113]

Digital Currency Weekly Recap 5-1-2016

The New UK Treasury Action Plan to Regulate Exchanges
UK Treasury to Exempt Digital Currency Wallets from AML Rules
EU Vote Means Crypto Exchange AML Policy Closer to Reality
Isle of Man Seeks Rules Tweak to Facilitate Cryptocurrency Gambling
New Japanese Banking Legislation Would Equate Digital Currencies to Fiat Currency

http://dcebrief.com/digital-currency-weekly-recap-5-1-2016/

Loved the DC recap this week, the Japanese legislation sounds really interesting.

[Dyna]

Digital Currency Weekly Recap 5-1-2016

The New UK Treasury Action Plan to Regulate Exchanges
UK Treasury to Exempt Digital Currency Wallets from AML Rules
EU Vote Means Crypto Exchange AML Policy Closer to Reality
Isle of Man Seeks Rules Tweak to Facilitate Cryptocurrency Gambling
New Japanese Banking Legislation Would Equate Digital Currencies to Fiat Currency

http://dcebrief.com/digital-currency-weekly-recap-5-1-2016/

This is a significant attitude change for the better. I have always taken the position that digital currency is money as to fiat currency is money. Admittedly, none of the digital currencies at this time meets the full functions well; rendering itself at this time an inferior form of money. DNotes has always recognized this fact and has been working hard to change that. We are on a mission to build DNotes as a trusted digital currency that meets the full functions of money. And it is our ultimate vision that DNotes, one day, be superior in functions to money. Those who understand and appreciate what we are working to accomplish will also understand that this is a massive undertaking but it comes with enormous value once accomplished. Accordingly, DNotes is a long term investment and not the easiest to understand if not followed closely.

New Japanese Banking Legislation Would Equate Digital Currencies to Fiat Currency

The Japanese government has recently moved on a number of legislative proposals that would alter the status of digital currency within the nation – and this time, for the better. The approved bills would grant banking interests the power to recognize cryptocurrency for what it is: an asset with real value. That acknowledgment would pave the way for Japanese financial entities to more effectively pursue FinTech benefits, try out new innovations, and identify new solutions for their customers.

[Dyna]

There have been all kinds of use cases for blockchain. Frankly, a lot of them are on the borderline of being silly. However, using "blockchain technology to the human resources industry to increase transparency and fight fraud in HR credentials" could have merits. I have some interesting ideas alone those line. Like any big bold ideas there are challenges must be addressed successfully.  

Ascribe Forms Alliance with Japan HR Firm Recruit Tech to Test Blockchain for HR

Hans Lombardo
April 27, 2016

German blockchain startup Ascribe and Japan-based human resources tech firm Recruit Technologies have formed a strategic alliance to bring blockchain technology to the human resources industry to increase transparency and fight fraud in HR credentials.

Recruit Tech, a subsidiary of Recruit Holdings Co. – a major information services and human resources company in Japan, will leverage Ascribe’s web service to develop blockchain-backed cryptographic Certificates of Authenticity. To overcome scalability issues with traditional blockchains, Recruit Tech will also be using BigchainDB, a scalable blockchain database developed by the Ascribe team.

The goal of these tests is to examine the possibilities and practical uses of how blockchain technology can be applied to the human resources sector and develop a prototype resume authentication database for job hunters.

Osamu Yonetani, CTO of Recruit Technologies, stated:

“With a resume authentication database, the verification of official certificates and contracts, which have until now been typically done on paper, could be carried out using the blockchain database. As a result, the effort of collecting multiple official certificates would be reduced for those searching for jobs. The companies being applied to could also handle confidential official certificates safely and without worry of misrepresentation.”

The two partners hope the result of these efforts will encourage data-sharing among different institutions and allow for data-mining based fraud detection. Record credentials will be stored on the blockchain and tamper-proof Certificates of Authenticity will be generated via digital signatures. While HR is being used a pilot use case, the intention is for Recruit Tech to leverage this technology across the many different industries Recruit Holdings Co. works with.

HR is one industry where fraud manifests in forged or altered documentation including completely fabricated documents like school credentials or previous employment records. Another common example is foreign documents that are mistranslated, improperly representing the original or completely changing their context.

Bruce Pon, CEO of ascribe, noted:

“This type of fraud is common worldwide. With blockchain technology, an institution can issue a degree to a student in a cryptographically secure, immutable, public fashion. By leveraging this technology, Recruit Technologies will find a way to address a variety of fraud issues, greatly reducing fraud on a large scale and in turn benefiting their customers.”

Source: http://allcoinsnews.com/2016/04/27/ascribe-forms-alliance-with-japan-hr-firm-recruit-tech-to-test-blockchain-for-hr/

A blockchain based resume verification system? Sounds cool, but I may not want everyone to know I worked at a gas station and grocery store as a kid, or times when I deviated from my career path.

The real use case value of using the blockchain here is to "fight fraud in HR credentials." If I were the employer I like some assurances that the paper credentials you are showing me are verifiable to be authentic. You still can submit your job application with your resume or CV (curriculum vitae).

[Chase]

There will be a big payout for those that lead instead of follow.


From red tape to digital disruption: How governments are becoming tech-savvy

http://www.techradar.com/news/world-of-tech/from-red-tape-to-digital-disruption-how-governments-are-becoming-tech-savvy-1318044/2

[Dyna]

This debate is definitely worth watching:https://tcf.org/content/event/debates-century-nyu-wagner-government-lawful-access-encrypted-message-device/

Fareed Zakaria and Edward Snowden Debate the Limits of Encryption By Kevin Rizzo | April 27, 2016
“Government should have lawful access to any encrypted message or device.” That was the resolution at the center of a debate between CNN’s Fareed Zakaria and Edward Snowden, former NSA contractor and infamous (or famous, depending on your opinions) leaker of classified information.

Source: http://lawstreetmedia.com/blogs/technology-blog/fareed-zakaria-edward-snowden-debate-limits-encryption/

[DNotes]

There will be a big payout for those that lead instead of follow.


From red tape to digital disruption: How governments are becoming tech-savvy

http://www.techradar.com/news/world-of-tech/from-red-tape-to-digital-disruption-how-governments-are-becoming-tech-savvy-1318044/2

Pretty interesting "That changes everything when it comes to the overheads of delivering tax, benefits and welfare," he adds, suggesting that blockchains for identity could be used to ensure that a simple change of address cascades to all government departments, not just the one you're talking to. "Blockchain could be one of those legendary technologies – like the internet – that turns into a way of reinventing the world," he observes.

[Bergman]

This debate is definitely worth watching:https://tcf.org/content/event/debates-century-nyu-wagner-government-lawful-access-encrypted-message-device/

Fareed Zakaria and Edward Snowden Debate the Limits of Encryption By Kevin Rizzo | April 27, 2016
“Government should have lawful access to any encrypted message or device.” That was the resolution at the center of a debate between CNN’s Fareed Zakaria and Edward Snowden, former NSA contractor and infamous (or famous, depending on your opinions) leaker of classified information.

Source: http://lawstreetmedia.com/blogs/technology-blog/fareed-zakaria-edward-snowden-debate-limits-encryption/

Hmm if Fareed doesn't understand how encryption works then why was he speaking in this debate? 

[TeeGee]

If this is true - which it potentially is given the Gavin Adresen evidence (unless it is be an elaborate ploy to confuse in conjunction with Nakamoto), it will not come as a surprise to everybody.


Craig Wright revealed as Bitcoin creator Satoshi Nakamoto

"Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto.
His admission ends years of speculation about who came up with the original ideas underlying the digital cash system.

Mr Wright has provided technical proof to back up his claim using coins known to be owned by Bitcoin's creator.
Prominent members of the Bitcoin community and its core development team have also confirmed Mr Wright's claim."

Read more:

http://www.bbc.com/news/technology-36168863

Coindesk and other media are pointing to doubts about the evidence provided however:

http://www.coindesk.com/doubts-cast-craig-wright-bitcoin-proof/

All pretty irrelevant at the end of the day -- It seems like when you light a fire near a rabbit hole so that the rabbit will move and exit another hole where it can be caught. Interesting - but maybe we should all get back to fixing the worlds money creation problem? Exciting things ahead.

[Dyna]

If this is true - which it potentially is given the Gavin Adresen evidence (unless it is be an elaborate ploy to confuse in conjunction with Nakamoto), it will not come as a surprise to everybody.


Craig Wright revealed as Bitcoin creator Satoshi Nakamoto

"Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto.
His admission ends years of speculation about who came up with the original ideas underlying the digital cash system.

Mr Wright has provided technical proof to back up his claim using coins known to be owned by Bitcoin's creator.
Prominent members of the Bitcoin community and its core development team have also confirmed Mr Wright's claim."

Read more:

http://www.bbc.com/news/technology-36168863

Coindesk and other media are pointing to doubts about the evidence provided however:

http://www.coindesk.com/doubts-cast-craig-wright-bitcoin-proof/

All pretty irrelevant at the end of the day -- It seems like when you light a fire near a rabbit hole so that the rabbit will move and exit another hole where it can be caught. Interesting - but maybe we should all get back to fixing the worlds money creation problem? Exciting things ahead.

Quite convincing, but may be best to remain open minded. I trust that we all have been fooled by the media more than once. I am most interested to learn about potential implications to our industry if this claim turns out to be true.

[TeeGee]

I can think of several compelling possibilities for it to be a lie, the options would be:

1. He is telling the truth:

He has some crazy incentive that for one reason or another makes it beneficial for him in some way to be known as Bitcoin's creator - a business venture or something whatever. A venture like this would be an equally compelling reason for him (Wright / Nakamoto) to want to remain anonymous for so long too.

He is obviously somebody who is very libertarian and doesn't like paying tax - the distrust in government and belief in not paying tax that would potentially be a driver in Bitcoin's creation is also there.

2. He is lying:

It is beneficial for him to be Nakamoto because of the new fame that he would ascertain - and book deals and contracts and speaking fees would be made possible to give juice to his new business ventures. I imagine he would also be needing money rather urgently if the Australian tax authority is trying to screw him. It also works well for Nakamoto to have the world think he is somebody else. Nakamoto has been quiet for so long - so why would he just change tac and let everybody know who he is? Deception is a preferable option to having every man and his dog looking out for his real identity. Satoshi has more than 1 million bitcoins and the moment he moves them people will begin trying to use the forensic evidence to work out his true identity no matter what - at least if Satoshi can collaborate with somebody else to pretend they're him, then he can work with them to smuggle around the money without getting absolutely rolled over by the government who will be watching that account very closely for any transactions and exchange endpoints that lead to a bank account, revealing his true identity.

In this part, one of the crux's is of course that other prominent Bitcoin people claim to have seen enough evidence to believe that Wright was the man they worked on Bitcoin with back in 2009/10. More importantly, it also rests on whether the evidence that Wright has provided is trustworthy - he seems unprepared to make more proof for everybody (i.e. sign another transaction) because he doesn't want to "jump through hoops" or whatever he said.

There is also the possibility that with a tax investigation going on about him, he may have made this claim to crash the price of Bitcoin, so to buy up a large order or Bitcoin, and then sell once the price recovered. It would be pretty easy to pull off if you knew that the real Satoshi Nakamoto had passed away, or was allowing you to do so uncontested.

He could also be compelled to lie with threats - there are many parties who would benefit from somebody like Wright claiming to be Bitcoin's creator (whether true or not). This wouldn't be limited to people who would use Wright to destroy the Bitcoin network after the community demand that the father of Bitcoin return to further its development.


Then, the Australian Tax Authority raids in December 2015 part:

All I know at this stage is that within hours of the original Wired and Gizmodo stories claiming that he was Bitcoin's creator in December, that his home was raided by the Government. There are several reasons for why this would have been directly as a result of the media release, and not the result of an *unrelated* long-running tax investigation that led to Wright's home being raided only hours after the claims release... One would be that the moment that his identity was revealed, he would be more likely to make a mistake, or have his Private cryptographic key lying around (paper wallet) or have his computer wallets opened while considering what to do with his Bitcoin's if he was worried about being extorted, or about unwelcome visits from the government and/or people who suddenly knew how wealthy he was. Given the government had a *long-running* investigation on him, it would be highly probable that the government would believe the story to be true (because nothing is more convenient for the government to look at libertarians like Wright as tax evaders, and of course, Bitcoin = tax evasion, drugs, and terrorism). The government probably figured that if Wright was indeed Satoshi then right then and there would have been the most opportune moment to raid Wright's home and seize all of his Bitcoins which they would otherwise never have been able to tax. They could also force collaboration from him to rejoin the project / develop it further in line with their desires and then destroy the system and blame its "unregulated nature" to be the cause. This would allow the fiat money boom/bust cycle to go one more round (less likely).

Then again, being raided only hours after a media release, is there something the government knows that we don't? It wouldn't even be worth asking if his house was bugged and all his communications monitored - however the creator of Bitcoin is probably quite interested in end to end encryption . Perhaps the Australian government were just concerned Wright would try to disappear with $500m of Bitcoin if he was, in fact, Satoshi - and then prudentially raided his property to ensure that he 1. didn't get away, and 2. maximised the probability of seizing the bitcoins.


I guess there will be a lot in the media about why this is important - I personally prefer Satoshi to remain anonymous. This is probably a better layout of the potential scenarios than you will ever find on coindesk or any other media blog who will just post whatever somebody says, and ignore the motivations. Personally I find the best way to figure out what the truth is in the absence of information and proof is to list the possibilities, and then analyse which options are the most likely given restraints of both capability and probability. There are other more obscure angles, but people can make up their own mind which are most likely. Perhaps our resident Australian IMZ has a view on this.

And with that I'll switch off my thinking hat so nobody thinks it is made of tinfoil! While I think this is all very interesting, I also think finding Satoshi's identity to be irrelevant. The technology has been released, and it is what we do with it from here that is important.

[Dyna]

I can think of several compelling possibilities for it to be a lie, the options would be:

1. He is telling the truth:

He has some crazy incentive that for one reason or another makes it beneficial for him in some way to be known as Bitcoin's creator - a business venture or something whatever. A venture like this would be an equally compelling reason for him (Wright / Nakamoto) to want to remain anonymous for so long too.

He is obviously somebody who is very libertarian and doesn't like paying tax - the distrust in government and belief in not paying tax that would potentially be a driver in Bitcoin's creation is also there.

2. He is lying:

It is beneficial for him to be Nakamoto because of the new fame that he would ascertain - and book deals and contracts and speaking fees would be made possible to give juice to his new business ventures. I imagine he would also be needing money rather urgently if the Australian tax authority is trying to screw him. It also works well for Nakamoto to have the world think he is somebody else. Nakamoto has been quiet for so long - so why would he just change tac and let everybody know who he is? Deception is a preferable option to having every man and his dog looking out for his real identity. Satoshi has more than 1 million bitcoins and the moment he moves them people will begin trying to use the forensic evidence to work out his true identity no matter what - at least if Satoshi can collaborate with somebody else to pretend they're him, then he can work with them to smuggle around the money without getting absolutely rolled over by the government who will be watching that account very closely for any transactions and exchange endpoints that lead to a bank account, revealing his true identity.

In this part, one of the crux's is of course that other prominent Bitcoin people claim to have seen enough evidence to believe that Wright was the man they worked on Bitcoin with back in 2009/10. More importantly, it also rests on whether the evidence that Wright has provided is trustworthy - he seems unprepared to make more proof for everybody (i.e. sign another transaction) because he doesn't want to "jump through hoops" or whatever he said.

There is also the possibility that with a tax investigation going on about him, he may have made this claim to crash the price of Bitcoin, so to buy up a large order or Bitcoin, and then sell once the price recovered. It would be pretty easy to pull off if you knew that the real Satoshi Nakamoto had passed away, or was allowing you to do so uncontested.

He could also be compelled to lie with threats - there are many parties who would benefit from somebody like Wright claiming to be Bitcoin's creator (whether true or not). This wouldn't be limited to people who would use Wright to destroy the Bitcoin network after the community demand that the father of Bitcoin return to further its development.


Then, the Australian Tax Authority raids in December 2015 part:

All I know at this stage is that within hours of the original Wired and Gizmodo stories claiming that he was Bitcoin's creator in December, that his home was raided by the Government. There are several reasons for why this would have been directly as a result of the media release, and not the result of an *unrelated* long-running tax investigation that led to Wright's home being raided only hours after the claims release... One would be that the moment that his identity was revealed, he would be more likely to make a mistake, or have his Private cryptographic key lying around (paper wallet) or have his computer wallets opened while considering what to do with his Bitcoin's if he was worried about being extorted, or about unwelcome visits from the government and/or people who suddenly knew how wealthy he was. Given the government had a *long-running* investigation on him, it would be highly probable that the government would believe the story to be true (because nothing is more convenient for the government to look at libertarians like Wright as tax evaders, and of course, Bitcoin = tax evasion, drugs, and terrorism). The government probably figured that if Wright was indeed Satoshi then right then and there would have been the most opportune moment to raid Wright's home and seize all of his Bitcoins which they would otherwise never have been able to tax. They could also force collaboration from him to rejoin the project / develop it further in line with their desires and then destroy the system and blame its "unregulated nature" to be the cause. This would allow the fiat money boom/bust cycle to go one more round (less likely).

Then again, being raided only hours after a media release, is there something the government knows that we don't? It wouldn't even be worth asking if his house was bugged and all his communications monitored - however the creator of Bitcoin is probably quite interested in end to end encryption . Perhaps the Australian government were just concerned Wright would try to disappear with $500m of Bitcoin if he was, in fact, Satoshi - and then prudentially raided his property to ensure that he 1. didn't get away, and 2. maximised the probability of seizing the bitcoins.


I guess there will be a lot in the media about why this is important - I personally prefer Satoshi to remain anonymous. This is probably a better layout of the potential scenarios than you will ever find on coindesk or any other media blog who will just post whatever somebody says, and ignore the motivations. Personally I find the best way to figure out what the truth is in the absence of information and proof is to list the possibilities, and then analyse which options are the most likely given restraints of both capability and probability. There are other more obscure angles, but people can make up their own mind which are most likely. Perhaps our resident Australian IMZ has a view on this.

And with that I'll switch off my thinking hat so nobody thinks it is made of tinfoil! While I think this is all very interesting, I also think finding Satoshi's identity to be irrelevant. The technology has been released, and it is what we do with it from here that is important.

Thanks, TeeGee. Very interesting perspective. I am have a very busy week but will drop in when I can.

We are scheduling to launch the Kickstarter  campaign on the book "The Four Pillars of Business Success" this week. A fairly comprehensive chapter summation is available at:  https://fourpillarsofbusinesssuccess.com/book-preview/

We need a few more "opinion quotes" if you can help out. Thanks.

[DNotes]

http://dcebrief.com/intel-looks-at-hardware-security-for-blockchain/

[DNotes]

If this is true - which it potentially is given the Gavin Adresen evidence (unless it is be an elaborate ploy to confuse in conjunction with Nakamoto), it will not come as a surprise to everybody.


Craig Wright revealed as Bitcoin creator Satoshi Nakamoto

"Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto.
His admission ends years of speculation about who came up with the original ideas underlying the digital cash system.

Mr Wright has provided technical proof to back up his claim using coins known to be owned by Bitcoin's creator.
Prominent members of the Bitcoin community and its core development team have also confirmed Mr Wright's claim."

Read more:

http://www.bbc.com/news/technology-36168863

Coindesk and other media are pointing to doubts about the evidence provided however:

http://www.coindesk.com/doubts-cast-craig-wright-bitcoin-proof/

All pretty irrelevant at the end of the day -- It seems like when you light a fire near a rabbit hole so that the rabbit will move and exit another hole where it can be caught. Interesting - but maybe we should all get back to fixing the worlds money creation problem? Exciting things ahead.

Quite convincing, but may be best to remain open minded. I trust that we all have been fooled by the media more than once. I am most interested to learn about potential implications to our industry if this claim turns out to be true.

Interesting that Gavin backed the claim that he believed this to be Satoshi.