Articles by "Satoshi Nakamoto"
Showing posts with label Satoshi Nakamoto. Show all posts

di October 18, 2019 0
Illustration picture.

Bitcoin investment risks


Bitcoin is the first digital currency launched in 2009 by Satoshi Nakamoto. According to what was reported by many online media, that Satoshi Nakamoto is a Japanese national. On the other hand, the name is just a pseudonym used by the developer of the Bitcoin. Want to know more about Bitcoin? What is Bitcoin?

At this time Bitcoin is no stranger to all net citizens. Many large investors are present to invest in it, so the price of Bitcoin has risen sharply in the last two years. But Bitcoin investment has a big risk.

Among these risks is value is not guaranteed, so buying and using Bitcoin carries a number of inherent risks. Many investor warnings have been issued by the US Securities and Exchange Commission (SEC), the Financial Sector Regulatory Authority (FINRA), the Department of Consumer Financial Protection (CFPB), and institutions. other officials.

Risks we can conclude at this time:


Legal risk

Bitcoin can be used for black market transactions, money laundering, illegal activities or tax evasion. Therefore, the government can try to regulate and regulate the use or trade of bitcoin.

For example, in 2015, the New York State Department of Financial Services completed regulations that would require companies to process bitcoin purchases, sales, transfers or deposits to record customer identities. Transactions of $ 10,000 or more must be recorded and reported.

In addition, the lack of uniform regulations regarding Bitcoin and other cryptocurrency raises questions about their lifetime, liquidity, and popularity.

Security risk

Like any system, Bitcoin transactions risk being hacked, malware and malfunctions during operations. If a hacker gets access to the hard drive of a Bitcoin owner's computer and steals a private key, he can transfer the stolen Bitcoins to another account.

A very famous theft occurred in 2014, when Mt. Gox, a Bitcoin exchange in Japan, was forced to close after millions of dollars worth of Bitcoin was stolen.

Risk of fraud

Because publishing cryptocurrency, ICO, etc. Not regulated by the government, scammers can sell fake bitcoin. For example, in July 2013, the SEC took legal action against the Ponzi program operator associated with Bitcoin.

Tax risk

In March 2014, the IRS announced that all cryptocurrency, including Bitcoin, would be taxed as an asset. Therefore, there is no legal way to protect Bitcoin income from taxes

Read more »

di October 08, 2019 0
https://www.coincryptoasia.com/2019/10/satoshi-nakamoto-most-searched-name.html
Satoshi Nakamoto - The Most Searched Name.

Satoshi Nakamoto


Satoshi Nakamoto is a designation used by someone unknown and is the designer of bitcoin and the results of its original application refer to Bitcoin Core. Through its application in Bitcoin Core, the blockchain's information base database has also been planned with careful thought for the first time.

In a series of actions taken, the problem of payment in purchases doubled (or double-spending) for digital currencies can be found by Satoshi Nakamoto for the first time. Satoshi Nakamoto was an active follower in relation to the development of bitcoin until 2010.

Nakamoto is thought to have been born in 1974-1977. Even so, all of the strong unspoken claims about Nakamoto's true identity, for the most part, emphasize a number of computer science experts and experts on reading secret codes (cryptography) who are of non-Japanese descent such as from the United States and the European continent. One person who claimed firmly as Satoshi Nakamoto was a software developer (programmer) of Australian nationality named Craig Steven Wright even though there was still no concrete proof of his statement.

As for some information from some dark-web users who have tried to hack Satoshi Nakamoto's e-mail account (satoshin@gmx.com & satoshin@programmer.net) found a number of photos showing the face of the binary code coupler from behind and on the side only ensuring "Satoshi Nakamoto "are Asians. That certainly broke Craig Steven Wright's recognition as "Satoshi Nakamoto.

In addition, Satoshi Nakamoto had detected his presence in Bali, Switzerland, and Russia while accessing one of his email accounts which was overseen by the intelligence of several countries with an interest in him. That explains the reason for the disappearance of the Bitcoin designer.

There are some writings that have not been deleted from the old email Satoshi Nakamoto said that Bitcoin research was initially funded by an anonymous who turned out to be from the NSA-National Security Agency and Bitcoin was originally one of the anomalies in the algorithm codes, apparently the anomalies of the algorithm that becomes an excess of SHA-256 (Bitcoin).

Resource: wikipedia.org
Read more »
Subscribe to: Posts (Atom)