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John McAfee Claims Bitcoin Creator Satoshi Is Still Alive (And Kicking)

John mcafee claims bitcoin creator satoshi is still alive (and kicking)

John McAfee Claims Bitcoin Creator Satoshi Is Still Alive (And Kicking)

John mcafee claims bitcoin creator satoshi is still alive (and kicking)

McAfee Apparently “Spoke” With bitcoin Creator Satoshi

Wow. What a debacle this whole Satoshi Nakamoto thing has become! Weeks ago, Craig Wright, an Australian programmer and long-time Bitcoin enthusiast, doubled-down on his claims that he is the creator of the cryptocurrency, eliciting a response from the community. While some agreed with Wright’s statement, others begged to differ.

In one case, John McAfee, the creator of the antivirus software that shares his surname, revealed that he knows “the true identity of Satoshi.” The cryptocurrency diehard, who has kind of become the industry’s go-to Presidential candidate (McAfee 2020… anybody?), added that he is “100%” sure it is not Wright, asking the coder if he has no shame. McAfee later added that over the next week, he would expose bit-by-bit who kicked off the crypto revolution.

While many took this fiery response as a joke, it seems McAfee wasn’t kidding. In a recent interview with Bloomberg, McAfee revealed that he won’t unveil Satoshi yet due to legal, political, and physical threats, but continued to claim that he knows exactly who the Bitcoin godfather is. In fact, the technologist and entrepreneur remarked that he has “spoken with him,” and he is “not a happy camper” about the uncloaking attempts. This, of course, is odd in and of itself, especially considering that the reportedly not-so-Japanese programmer fell off the map in Bitcoin’s early days, leading many to presume he is dead.

But McAfee seems dead-set in his belief. He tells Bloomberg that “he is one of the best [technologists],” making him credited enough to claim to have found the man that created a ground-breaking protocol that will change the fabric of society.

Should We Care?

Even if McAfee has the keys to the Bitcoin kingdom so to speak, should we care about who Satoshi really is? And just as importantly, should we try and track the said individual down?

In my humble onion—for whatever it’s worth—the answer to both questions is a massive “no”. Here’s why.

As you well know, cryptocurrencies are predicated on decentralization, meaning that having a single vector of attack in Satoshi (not really, but the government doesn’t understand this) is dangerous. Having a centralized figurehead could decrease decentralization. This is especially relevant in Satoshi’s case, as he/she/they are rumored to have access to over/approximately one million BTC. If a government/entity could pressure Satoshi to hand over the keys to all that wealth, they could begin to control this budding market with an iron fist, by threatening to crash the market or complete other devious acts.

In other words, I, personally, do not agree to revealing who Satoshi really is. But I can’t stop McAfee, and nor can you.

Photo by Jase Bloor on Unsplash

Published at Wed, 24 Apr 2019 02:41:43 +0000

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Deutsche Boerse ‘Still Considering’ Date On Bitcoin Futures

Germany’s major exchange Deutsche Boerse says it is still “considering” bitcoin futures but is unable to say when they might launch.


Europe’s Cautionary Stance

In comments to local industry magazine WirtschaftsWoche Wednesday, a spokeswoman from the marketplace organizer said that bitcoin’s “significant exchange rate fluctuations” were among the factors needing a solution prior to a potential release.

“We’re considering bitcoin futures which investors and institutional investors can use to hedge against bitcoin or set against falling prices in the virtual currency,” the publication quotes her as saying.

BREAKING NEWS - Nasdaq To Launch Bitcoin Futures in 2018

The topic of debate for many of the world’s jurisdictions this month, bitcoin futures have been a major factor in pushing up prices over $17,000 after US lawmakers gave the green light to three such products earlier this month.

CBOE will be joined by CME Group December 18 in opening up regulated bitcoin exposure to Wall Street and other major insitutional investors.

Reactions from authorities in other countries have varied meanwhile, with Japan’s “as soon as possible” launch agenda contrasting strongly with that of South Korea, which instigated a full ban on the activity.

Within the global context, the European Union appears for now to be adopting a cautionary approach.

Buoyant CBOE Forecasts ETFs, ETNs

As WirtschaftsWoche reports, earlier indications of ratification of futures on Deutsche Boerse within “two to three months” now seem premature.

“According to Deutsche Boerse, deliberations are not yet far enough along to allow naming a timeframe,” it continues.

A major concern is price volatility, with officials keen to avoid manipulation resulting from periods of unstable rates.

Discussing what could lie in store for ‘traditional money’ participation and bitcoin following CBOE’s futures launch meanwhile, CEO Edward Tilly said ETFs could present the next stage.

“I think you’ll see some buzz around the potential for security ETFs and ETNs as a result; I think it’ll take some time, but I think you’ll see that as the next frontier,” he told Bloomberg Wednesday.

In the run-up to its own futures debut, CMEGroup has altered its initial margin requirement from 35% to up to 47%, the publication added.

What do you think about Deutsche Boerse’s approach to bitcoin futures? Let us know in the comments below!


Images courtesy of Shutterstock, twitter

The post Deutsche Boerse ‘Still Considering’ Date On Bitcoin Futures appeared first on Bitcoinist.com.

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