Crack This Puzzle and Win One Bitcoin
A Reddit user with the username Cryptogreetings put up a on the platform offering one BTC to anyone who can solve it. Redditors have thronged the thread trying to crack the code and win the prize. The post is currently one of the trending topics on the bitcoin subreddit.
Details of the Puzzle
The puzzle is an image with words, numbers, the bitcoin logo, and other symbols. Within the image are possible clues. Most users on Reddit seem to believe the clues reveal the seed key or the private key of the bitcoin wallet containing the 1 BTC prize. Others think that the solution is based on color while some think that the “notdef glyph” adjacent to the bitcoin logo is of particular significance.
As part of the puzzle, the poster offered the following message:
This work is comprised of Satoshi Nakamoto’s famous whitepaper words, scaled by Log N. Disparate ideas inspired Satoshi to create a solution to revolutionize modern socio-economics and industry. The work reflects on the elements that brought this technology to life and challenges the underlying security model. Hidden in plain sight lies something more: a treasure hunt. 1 BTC is concealed within the work.
Cryptogreetings also promised to provide helpful hints to that will help people solve the puzzle. So far, seven tips have been released. There are also consolation prizes to be won in addition to the 1 BTC prize. Cryptogreetings also provided the of the prize for authenticity.
So far, no one has been able to crack the code. Some people have put forward different approaches, but it appears nobody is any closer to solving the puzzle. The consensus on the Reddit thread is that the puzzle is especially difficult with one user joking that he/she was better equipped “to sell a kidney for $9K” than to solve the picture puzzle.
Coded Art-themed Puzzles are Becoming a bitcoin Trend
Puzzles hidden in artwork predate the emergence of . Grand art masters of hallowed antiquity usually incorporated coded messages in their works, many of which remain unsolved today.
For a technology built on cryptography, it is not surprising to see coded crypto-themed artworks becoming a trend. Earlier in the year, a couple a three-year-old bitcoin puzzle, claiming the 5 BTC prize that was worth $50,000 at the time.
Will you attempt to solve the visual puzzle? Have you found any additional clues yet? Keep the conversation going in the comment section below.
Images courtesy of Shutterstock, Reddit/u/cryptogreetings, and Bitcoinist archives.
Published at Mon, 21 May 2018 15:00:08 +0000
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Wall Street Bank Oppose Bitcoin Futures, But Goldman Sachs is Ready
Earlier this week, some of the global finance market’s largest banks including Goldman Sachs, Morgan Stanley, JPMorgan, and Citigroup opposed the launch of bitcoin futures, claiming a lack of transparency and regulation.
The open letter submitted by the Futures Industry Association (FIA) representing the abovementioned banks
“While we greatly appreciate the CFTC’s efforts to receive additional assurances from these exchanges, we remain apprehensive with the lack of transparency and regulation of the underlying reference products on which these futures contracts are based and whether exchanges have the proper oversight to ensure the reference products are not susceptible to manipulation, fraud, and operational risk.”
Goldman Sachs Changes Stance, JPMorgan Claims bitcoin Futures Will Grant the Cryptocurrency Legitimacy
According to Bloomberg, Goldman Sachs, the $95 billion investment bank, is planning to clear bitcoin futures on behalf of its clients upon the launch of the bitcoin futures exchanges of CBOE and CME, two of the world’s largest options exchanges.
A source familiar with the matter stated that Goldman Sachs will clear client trades on a case-by-case basis, to ensure the process remains secure and efficient for clients.
Goldman Sachs spokeswoman Tiffany Galvin also
“Given that this is a new product, as expected we are evaluating the specifications and risk attributes for the bitcoin futures contracts as part of our standard due diligence process.”
Previously, on December 1, JPMorgan global markets strategist Nikolaos Panigirtzoglou, told the bank’s clients that the launch of bitcoin futures exchange by CME and CBOE will add legitimacy to the cryptocurrency, and allow it to evolve into the next gold.
“The prospective launch of bitcoin futures contracts by established exchanges in particular has the potential to add legitimacy and thus increase the appeal of the cryptocurrency market to both retail and institutional investors,” , emphasizing the expected flow of tens of billions of dollars into the bitcoin market over the next few weeks.
Leading financial institutions and major banks have opposed the launch of bitcoin futures primarily because the listing of bitcoin futures will likely trigger a massive inflow of institutional money. Coinbase CEO Brian Armstrong estimated the amount to be $10 billion, which is expected to move into the bitcoin market by the year’s end.
Listing of bitcoin Futures Threatens Major Banks
As Ari Paul of Blocktower noted, the rapid and exponential growth rate of bitcoin, and the entrance of tens of billions of dollars into the bitcoin market will lead to the cryptocurrency penetrating into the multi-trillion dollar offshore banking industry, which brokerages such as JPMorgan and Goldman Sachs dominate.
If bitcoin continues to grow at the current rate, which will likely be the case with the listing of bitcoin futures by large-scale exchanges, it will begin to challenge the industries and markets controlled by the global financial sector’s leaders, such as JPMorgan.
“In all, the prospective introduction of bitcoin futures has the potential to elevate cryptocurrencies to an emerging asset class,” Panigirtzoglou stated, adding that “the value of this new asset class is a function of the breadth of its acceptance as a store of wealth and as a means of payment and simply judging by other stores of wealth such as gold, cryptocurrencies have the potential to grow further from here.”
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