Will The Real Satoshi Nakamoto Please Stand Up – No, Sit Down Craig, We’ve Been Through This Already!

He just doesn’t give up, does he? Self-proclaimed creator of bitcoin, Craig Wright, now appears willing to testify under oath that he is Satoshi Nakamoto. Or that’s the conclusion Ran NeuNer draws, following Wright’s response to a comment request from the Commodity Futures Trading Commission (CFTC).

I Promise To Tell The Truth, The Whole Truth, And Nothing But The Truth

In December 2018, the CFTC published a Request For Input (RFI) on ‘Crypto-Assets Mechanics and Markets.’ This was primarily to understand more about Ethereum, and the differences between Ether and bitcoin. As the CFTC is a federal agency, responses to RFIs should be… well, not fraudulent, at any rate.

On 15th February 2019, Wright posted his response, introducing himself and stating:

under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government… as BlackNet.

He goes on to claim that the amount of misunderstanding and fallacious information around blockchain systems (including Ethereum) has resulted in his decision to become more public.

So Dr. Craig Wright is willing to testify under oath that he is Satoshi Nakamoto and the founder of bitcoin. pic.twitter.com/WsqHhXnQzl

— Ran NeuNer (@cryptomanran) February 17, 2019

It isn’t particularly relevant to the RFI, really serving only to repeat the claim to be Satoshi Nakamoto… albeit in a Federal forum.

I am Satoshi Nakamoto, And So Is My Wife

At this point, Wright’s claims are becoming a farce of Monty Python’s Life Of Brian proportions. After he first ‘came out’ as Satoshi Nakamoto, and the crypto-world widely coughed *bullshit* under its breath, he let it lie.

But now frontrunning his own project bitcoin SV (Satoshi’s Vision), his alleged ‘amendments’ to historical documents seems to be going into overdrive. Only last week he was pulled up by WikiLeaks for altering a 2008 blog-post to make it look like he’d been working on crypto back then.

Mere hours prior, he was accused of using a forged a 2001 research paper as evidence of his lineage. It was a word-for-word copy of the October 2008 bitcoin whitepaper. It even already had amendments that he (as Satoshi Nakamoto) made from the August 2008 draft of the same document. Oops… Or perhaps incredibly prescient?

Now, it’s alleged that even his 1997 BlackNet project was being worked on by Tim May several years before that.

Craig Wright 2019: "I completed a project I started in 1997
that was filed with the Australian government .. as BlackNet.

Tim May 1997: "I use an experimental–and controversial–experiment I released on the Net several years ago, BlackNet" https://t.co/w5nyUxj17P

— planB (@100trillionUSD) February 18, 2019

But What If?…

Just imagine, if all of this time, Wright has been telling the truth. What would the consequences of that be?

Obviously, Wright is such an unpopular figure that we aren’t all going to start believing (and investing) in bitcoin SV. Although one can only imagine that this is the point of all this alleged forgery.

Why carefully protect your identity only to then come out to the world via GQ – telling the critics to “piss off!” and reminding entire countries that he’s got more money than them?

But would we all eschew bitcoin if we found out that he had actually been the inventor?

No, of course not. Even Coldplay had a decent single before they sunk into the mire of smug, self-satisfied, insipid, irrelevance that they became. And we can still listen to that… as long as nobody else finds out.

What do you think of Wright’s latest claims? Share your thought’s below!

Images courtesy of Shutterstock, Bitcoinist archives

Published at Mon, 18 Feb 2019 18:00:28 +0000

October 31, 2017

Confideal – More Than Just the Sum of Its Parts

Confideal boasts a vibrant ecosystem where the core features of the integrated platform, such as smart contracts and arbitration, unite to form an application that is far more than just the sum of its parts.

[Note: This is a sponsored article.]

International trade has existed since ships first sailed upon the seas and caravans crossed mountains, but the increasing pace of technological innovation has led to a massive surge in international trade. Contracts and manufacturing details can be hammered out over video conference calls while documents can be digitally signed and sent across the world without a person having to move from their office desk.

Of course, this increased amount of trade can have potential headaches, especially if a dispute arises, which is where Confideal comes into play. Confideal is an integrated platform based upon the Ethereum blockchain that features an amazing ecosystem of core features that helps facilitate trade while reducing costs.

Three Core Pillars

The three core pillars of Confideal are: smart contracts, built-in arbitration, and CDL tokens. A number of platforms offer a single feature or two that international traders might be interested in, but Confideal is unique in that it has created a complete ecosystem composed of individual functions that come together into a harmonious whole.

Smart contracts have been revolutionary in matters of data management, and they offer a tremendous boon to businesses by creating a document that cannot be altered and is openly transparent. Many businesses have failed to take advantage of smart contracts due to the perceived need for programming knowledge and a dedicated online team, but Confideal allows for the creation of Ethereum-based smart contracts without the need for any coding.

Built into the smart contract is the arbitration feature of Confideal. The entity drawing up the contract selects an arbitrator to be used in case of a dispute arises. An important consideration is that all signatories to the smart contract have to agree to the chosen arbitrator.

Legal professionals and firms apply to Confideal, showing their qualifications and credentials, to become arbitrators on the platform. Arbitration takes one of two routes: both parties can agree to abide by the decision of the arbitrator or an arbitrator can come to a conclusion that can then be used in international courts of law for further enforcement.

The final core facet of Confideal is the CDL token, which is the main internal cryptocurrency for the platform. The token was created according to the ERC20 token standard on the Ethereum blockchain and has several uses on the integrated platform.

Bringing It All Together

Each Confideal’s three core features, when viewed independently of each other, is quite beneficial in regards to international trade. However, the symbiotic manner in which they all work together is breathtaking. The features weave together into an intricate dance that reinforce each other and make the overall ecosystem far stronger than each of the individual components.

Merchants can use CDL tokens to generate smart contracts and act as currency for the payment of the contract, which negates the standard 1% fee. These tokens can also be freely exchanged for other ERC20 tokens.

The smart contract, standing alone, is an amazing innovation for trade, but the inclusion of arbitration takes the smart contract to an entirely new level. Merchants not only have a codified document that spells out the conditions of the deal, not to mention the funds held in escrow and that the contract is unable to be illegally modified, but an automatic means for resolving a disagreement that all parties have already agreed upon has been put into place.

The dance between arbitrators and CDL tokens continues in the fact that token holders have a number of votes, based upon the number of tokens held, that can be cast to rank specific arbitrators. Every ten tokens equals one vote, so token holders have the right to directly influence the arbitration aspect of Confideal. However, this influence is not absolute as the smart contract that details the arbitrator has to be agreed upon by all interested parties. Then there’s the fact that arbitrators have no details on the principals of the smart contract, so there’s no undue influence of favoring a side that has given votes to that particular arbitrator.

Each of the core features of Confideal is of great use to merchants, but it’s the combination of all three elements (smart contracts, tokens, and arbitrators) into a cohesive whole that makes the integrated platform far greater than the sum of its parts. Each facet of Confideal reinforces the others, making them stronger and better than they would be on their own. Tokens can be used as payment and to rank arbitrators whilst arbitration is hardwired into the smart contracts that serve as the foundation of the platform. In the end, merchants and arbitrators are united together into working for smooth and seamless international trade just as the distinct features of Confideal are united together to facilitate such endeavors.

Images courtesy of Pixabay, Pexels, and Pxhere.

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