In a bold move, co-founder Vitalik Buterin took to Twitter to post fallacies found in the panelist discussions, at the Deconomy 2018 conference on April 3. The 24-year-old publicly called out Craig Wright, a controversial bitcoin figure, and asked the panel “Why is this fraud allowed to speak at this conference?”
The identity of Satoshi Nakamoto, the person(s) who supposedly created , is yet unknown. However, Craig Wright came out in 2016 and proclaimed to the world that he is, in fact, bitcoin’s creator Satoshi Nakamoto.
As expected, Vitalik Buterin and several blockchain proponents have spoken against Wright, but none as boldly as today.
At the start of Deconomy 2018, Buterin posted on Twitter his intention to closely follow the meeting, along with live tweeting any discrepancies in the discussion. The topic for the day was the propaganda presentation “bitcoin, Controversy over Principle.”
I'm going to live tweet comments on the "bitcoin, Controversy over Principle" section of Deconomy for fun.
— Vitalik "Not giving away ETH" Buterin (@VitalikButerin)
Ethereum Co-founder Makes His Annoyance Public
As the proceedings began, Buterin began to fire away tweets about the pro-bitcoin cash presentation, commenting in very technical terms his criticisms. The debate was between Samson Mow and Roger Ver, with Buterin choosing either individual based on what they were speaking about:
“Roger Ver’s presentation begins. The emphasis here is more directly on “economic freedom”. Samson’s was “transacting value without trusted intermediaries.”
While Buterin’s support was split roughly down the middle between the arguments of Mow and Ver, supporting the bitcoin Core approach to Replace by Fee, but also stated he supports the ‘super big blocker position,’ only as long as sharding is used and agreed with many of Ver’s points on several issues.
“Roger’s argument: the core devs diverted the project and shifted the vision in ways that many of its constituents disagree with (“store of value”) and belittled and censored them, so of course people are upset. I personally do agree that the vision was diverted.”
“…small blockers do have real and legitimate points about the importance of client side validation… bitcoin core devs’ work in making the node more efficient over time so it can handle and efficiently process larger and larger blocks is indeed admirable.”
However, the real deal began when bitcoin Cash proponent Wright took to the stage.
Buterin: “Why is this fraud allowed to speak at this conference?”
The co-founder notes that Wright’s presentation — besides being an opportunity to “brag about how many university degrees he has,” was brimming with “lies,” “non-sequiturs,” and “bulls***.”
“Craig Wright begins: “We’re going to talk about the lies”…Then proceeds to brag about how many university degrees he has…”
The Ethereum co-founder then goes onto criticize Wright’s argument against selfish mining:
“Re selfish-mining: “you actually have a negative gamma” … “you actually help the honest miners by attacking the network” My bulls*** meter appears to be showing a negative value…. oh wait that was an integer overflow.”
Buterin concluded regarding Wright’s talk, he is relying on a system where all of the miners are honest, which in terms of security is concerning. And in the final act, as the discussions came to an end, Vitalik asked the organizers of the conference, “Given that he makes so many non-sequiturs and mistakes, why is this fraud allowed to speak at this conference?”
The audience seemed largely in favor of Buterin and clapped after this statement was made. Here’s the video:
The ‘Fake Satoshi’
In early 2016, stories from and brought the world’s attention to Craig Wright, an Australian Computer Scientist, who in reality the creator of bitcoin.
With the newfound fame, Wright later published a now ridiculed and reached out to major news outlets, such as The Economist, BBC, and GQ, in order to be publicized as the person behind the Protocol, a.k.a. Satoshi Nakamoto.
Wright’s proof of being Satoshi was covered up with layers of technical papers and research codes, which were quickly refuted by bitcoin developers as “.” They further observed that Wright’s post was very complicated, and had no concrete proof to back his claim of being Satoshi.
Years after that fiasco, Wright has reemerged as a public proponent of bitcoin Cash, a which has divided the developers and followers into two groups – bitcoin Core and bitcoin Cash. Unsurprisingly, if Wright really were who he claims to be, there would be no way he could abandon bitcoin Core.
With all this in mind, there’s little doubt as to why a visionary like Vitalik Buterin would waste the chance to call such uncredible figures a “fraud.”
To wrap things up on Twitter, Buterin finished it in style, calling Wright “crazy,” but also pointed out the debate between bitcoin and bitcoin Cash needs to improve in many ways, noting that there is no similar animosity between Ethereum and .
Buterin’s entire commentary on the event can be found .
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Arizona-based bitcoin trader Thomas Mario Costanzo, also known as “” on Twitter, was recently convicted with five counts of money laundering by a federal jury in Phoenix on March 28, 2018.
According to a , US federal agents initiated an investigation on Thomas Mario Costanzo, in 2014 after an advertisement he posted on a peer-to-peer bitcoin exchange website.
Each of Costanzo’s five convictions for carries a maximum penalty of 20 years in prison, a $250,000 fine, or both. The cryptocurrencies involved in the final transaction will also be forfeited by the United States.
While cryptocurrency trading is legal in Arizona, in June 2017, there were other reported accounts of cryptocurrencies being used in attempts. With the rise in cryptocurrency money laundering schemes, the global-inter governmental body Financial Action Task Force (), to take further action to implement initiatives to address such risks.
Cryptocurrencies as Payments for Illegal Drugs
In 2014, federal agents began investigations on Costanzo after identifying an advertisement he posted on a cryptocurrency exchange website. Costanzo mentioned in the ad that he was willing to engage in cash transactions up to $50,000. The Arizona-based trader was then approached by undercover federal agents pretending to be dealers. Throughout their ongoing conversations, Costanzo provided the federal agents with and mentioned that cryptocurrencies could help them limit any exposure to law enforcement.
Over the two year period, Costanzo took $164,700 in cash from the undercover agents, exchanging it for bitcoin to disguise the “nature, location, source, ownership, and control of the drug proceeds.” Costanzo also used cryptocurrencies to buy drugs from others and facilitated cryptocurrency and drug purchases from those buying on the internet.
Furthermore, Costanzo offered an online bitcoin exchange service for others to buy drugs without learning his customers’ identities and charged seven and ten percent commission in each of the peer-to-peer transactions.
The Internal Revenue Service Criminal Investigation, the Drug Enforcement Administration, and the US Immigration and Customs Enforcement Homeland Security Investigations, and the Scottsdale Police Department, The Maricopa County Sheriff’s Office, and the United States Postal Inspection Service were involved in investigating Costanzo’s case. He will be sentenced before US District Judge G Murray Snow on June 11, 2018.
Arizona’s Cryptocurrency Laws
The state of is relatively open-minded when it comes to cryptocurrencies. On February 6, Arizona State Representative Jeff Weninger put forth a bill intended to protect blockchain node operators from any prohibitions from the government.
Furthermore, on February 8, 2018, the Arizona Senate also passed a bill that allows its residents to that are recognized by the state’s revenue authorities.
According to the Arizona bill:
“smart contracts may exist in commerce. A contract relating to a 36 transaction may not be denied legal effect, validity or enforceability 37 solely because that contract contains a smart contract term.”
Arizona’s optimistic stance on cryptocurrencies and makes them a leader when it comes to progressive cryptocurrency laws. While cryptocurrency transactions are legal in Arizona, residents are still, however, expected to abide by the law.
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![¿la gente saldrá espantada si bitcoin [btc] baja a 3. 000$?](https://ohiobitcoin.com/storage/2019/01/b4DT4y.jpg "¿la gente saldrá espantada si bitcoin [btc] baja a 3. 000$?")