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Kurt Wuckert Jr. recently appeared on the TODO Bitcoin YouTube channel for another round of discussions filled with insights about Bitcoin, the present and future of the BSV blockchain, and other exciting tidbits about COPA v Wright, the recent BSV price pump, and more.

Is Dr. Craig Wright really Satoshi Nakamoto?

After a brief introduction, the hosts ask Wuckert when he began to believe Dr. Craig Wright isSatoshi Nakamoto.

Wuckert says there wasnt one moment in time; instead, it was a slow and gradual process. Like everyone else, he was interested when Wired and Gizmodo outed him and remembers hearing him speak at a few Bitcoin conferences.

By the timeDr. Wright spoke at Arnhem, Wuckert was surprised he was still around after all the Satoshi signing debacle in previous years. He then got involved in big block Bitcoin, and slowly, he came to agree with Dr. Wright on many issues and began to believe he was likely Satoshi Nakamoto.

What aboutCOPA v Wright? Hows it going?

Wuckert watched it live. Its supposed to determine whether Dr. Wright is Satoshi, but COPA has been doing everything but address that question. Instead, theyre implying forgery and fraud and, in some cases, outright accusing Dr. Wright and his witnesses of lying.

Dr. Wright doesnt have sterile documents, as he has been hacked multiple times since 2014. Therefore, he says we need to rely on his overall body of work, education, etc., to decide.

Could he sign with Nakamotos keys? He has repeatedly said that he will, but not to prove who he is. He has repeated this in court in London, essentially asking them to request it, but nobody is picking up on it.

Wuckert puts the odds of a Dr. Wright victory at 50/50. He thinks both sides have made a weak case if we just go by what was seen publicly. However, even if he loses, nothing changes for Wuckert, who will still runGorillaPooland continue as an entrepreneur in the BSV blockchain ecosystem.

How many nodes does BSV have right now?

Wuckert says there are 37 nodes right now if we count them as endpoints running the client software. However, he doesnt think anyone is running a node unless theyrebuilding blocks. If we go by this standard, there are five, with about eight if we look at it on a monthly basis.

BTC has about as many block-building nodes. The idea that all the Raspberry Pis are nodes is an illusion; they do nothing for the network, he reminds us. The idea that more nodes are better is subjective, too.

Was theempty block miner malicious? Wuckert doesnt think so; he believes it may have been a bot. However, the newNetwork Access Rulesdeveloped by the BSV Association were designed to address this sort of thing, bringing a legal element into acting as a honest node on the network.

Why are big firms like BMW and Toyota looking at Ethereum rather than BSV?

Wuckert says this is mostly due to ignorance. They do basic due diligence online and hire consultants who guide them in that direction. These tech consultants talk a good game and reassure them that certain solutions will be ready in the near future, so they buy into it.

However, Wuckert points out that many companies have leftEthereumin frustration and are exploring other options like IBMs hyperledger. Many of them then discover these dont scale well either, and so they leave the blockchain space altogether.

Is BSV blockchain destined to win? Not necessarily, Wuckert warns us. He does think theres a possibility that a decade from now, allblockchainswill have been deemed a bad idea, and the world will have moved on. He speculates that we may have missed our shot with Bitcoin, noting that fast, almost free payments didnt exist back in 2009, but many do now.

What is Calvin Ayres strategy with nChain?

Nobody knows other than Ayre, Wuckert said. However, he can speculate. It may be to enforce patents and collect licensing fees, it may be a way to get builders to use BSV, or it may be leverage to deal with the likes of Mastercard (NASDAQ: MA) in the future.

How would the latter idea work? MaybenChainwould get Europe and the U.K. forCBDCs, and Mastercard would get North America. Again, nobody knows other than the businesspeople involved.

Has BSV developed Number Go Up technology? Is it ready for mass adoption?

Perhaps it has, Wuckert chuckles, looking at the recent price pump. Some who bought recently may be up, but there are still many who bought years ago who are still down a lot. He warns that nobody in the industry will do BSV any favors; it will have to earn any price appreciation. Does Wuckert stack BSV himself? Yes, and GorillaPool keeps all the coins it has mined.

On whether BSV is ready for prime time in all except reputation, the answer is somewhat. People should be allowed to do what they want on the chain as long as its legal, including degen speculation. However, reputation is still a problem, and that will be tough to overcome in the short term.

Follow Kurt Wuckert Jr on X for more insights into BSV blockchain, to keep up to date with his entrepreneurial activities in the ecosystem, and to avail of his premium service for extra insights on Bitcoin, stock trading, and martial arts.

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Kurt Wuckert Jr: Ignorance of BSV is what keeps it from being the go-to blockchain so far - CoinGeek

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Solana has emerged as a competitor to Ethereums stablecoin dominance. Amid this, investors are exploringRebel Satoshi, a leading meme coin whose presale is ongoing.

Solanas total stablecoin volume reached $322 billion in January. In October, it was only $12 billion.

This growth is due, in part, to the introduction of USD Coin (USDC) and Paxos stablecoin USDP, which attracted a large number of users and transactions.

Ethereum is still the leader in stablecoin transfers, with a total volume of $335 billion in January, slightly more than Solana.

However, Solana is catching up and could soon surpass Tron to secure the second position.

Solana offers fast transaction speeds and low fees. However, it faces tough competition from Ethereum, which has an established user base and a thriving ecosystem of decentralized applications.

Ethereum is also upgrading its platform to make it more efficient and scalable.

While Solana is growing, it must overcome challenges such as building trust with users and ensuring network security and scalability to compete with Ethereum.

Rebel Satoshipromotes decentralization and defying centralized authority, drawing inspiration from the philosophies of Guy Fawkes and Satoshi Nakamoto.

Through its native token, RBLZ, the project encourages long-term commitment by offering rewards for staking. RBLZ holders support the ecosystems stability and enjoy rewards aligning with their commitment to decentralization.

Rebel Satoshi is also entering the NFT space with two collections featuring 9,999 characters.

The project sold over 107 million RBLZ in the ongoing presale, raising over $1.5 million.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Solana threatens Ethereum's stablecoin dominance, new meme coin surging in presale - crypto.news

Bitcoin is a digital currency that operates on a decentralised computer network. Bitcoin was created in 2009 by an unknown group of individuals, or, according to some sources, a person named Satoshi Nakamoto. Bitcoin's defining feature lies in its capped supply of 21 million coins acquired through the mining process. Mining uses computer power to solve complex mathematical puzzles and verify transactions on the Bitcoin network. Newly mined bitcoins are given to miners as a reward for their labour. However, the number of bitcoins miners receive for each block (set of transactions) varies. Every 210,000 blocks, or roughly every four years, miners' rewards are cut in half. This phenomenon is referred to as BTC halving or halving.

The purpose of Bitcoin halving is to maintain the currency's scarcity and value while managing the inflation rate. The assumption is that as the number of new bitcoins issued decreases, demand for them will increase, and prices will rise accordingly. This is based on the economic concept of supply and demand. However, a halving event doubles the cost and complexity of mining, reducing miners' profitability. This could lead to some miners leaving the market, reducing the hash ratethe overall computing power of the networkand potentially impacting its security.

The next Bitcoin halving will occur when the number of blocks reaches 840,000 in April 2024. The reward per block will decrease from 6.25 to 3.125 BTC at that time. This will be the fourth halving of the leading cryptocurrency in history. The previous three halvings occurred in 2012, 2016, and 2020.

Is it possible to make money from BTC halving?

Assuming constant demand, halving the supply is expected to double the asset's value. Historical data indicates that investing in Bitcoin prior to a halving event has been a profitable strategy.

Usually, bitcoin starts to rise about six months before the halving, and it doesn't change much during the halving period, said Kar Yong Ang, the Octa financial market analyst. On average, in the past, the upper peak of the exchange rate can be observed more than a year after halving, he added.

Examining the price dynamics in the year preceding and following the halving events over the last three cycles reveals significant growth for Bitcoin. During these two-year spans, Bitcoin experienced remarkable increases: approximately 30,000% in 2012, 786% in 2016, and 712% in 2020. If Bitcoin continues to show the same performance this time, its price could reach the $220k mark in 2025.

For traders, it is important to focus on a shorter timeframe. Notably, 150 days after the first halving, the price of BTC surged by 928%, followed by a 16.6% increase after the second halving and a subsequent 25.8% rise after the third.

However, as factors such as significant hacks or bankruptcies of crypto companies, stock market conditions, whale manipulation, or regulatory changes reduce the coin issuance, future halving events may be less potent.

Hashtag: #Octa

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Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

Octa has also won over 70 awards since its foundation, including the 'Best Educational Broker 2023' award from Global Forex Awards and the 'Best Global Broker Asia 2022' award from International Business Magazine.

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Bitcoin halving 2024: Octa expert expectations - Taiwan News

U.Today - In a surprising turn of events, alleged Satoshi Nakamoto's X (formerly Twitter) page has sprung back to life after lying dormant for several months. The last update was in October, when the account impersonating the elusive figure behind made headlines by sharing reflections on the future of the cryptocurrency, deviating from the content of the original white paper. However, this post was deleted shortly afterward.

The latest post, shared just seven hours ago, took a different tone, offering only a brief greeting to the world. Despite the absence of substantial content, the post has quickly amassed a staggering 1.8 million views, leaving the crypto community abuzz with speculation.

The enigma surrounding the true identity of Satoshi Nakamoto persists, and this recent activity has reignited curiosity. According to Community Notes accompanying the post, there are claims that Craig Wright, the controversial figure who previously asserted he was Nakamoto, once controlled the account. Still, a disclaimer beneath the post asserts that the account is unrelated to Bitcoin or its anonymous creator.

As the crypto community eagerly awaits further developments, the question on everyone's mind is: Will the real Satoshi Nakamoto ever come back?

The latest post offers no clear answers, leaving room for speculation and fueling the intrigue that has surrounded the elusive creator since the inception of BTC.

This article was originally published on U.Today

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Is Bitcoin Creator Satoshi Nakamoto Back? Enigmatic Post Sparks Speculation By U.Today - Investing.com

Over the past decade, Bitcoin and other cryptocurrencies have transformed the landscape of finance, introducing a decentralized and digital alternative to traditional currencies. Born out of the desire for financial independence and privacy, Bitcoin has paved the way for a broader ecosystem of digital assets that are reshaping the way we perceive and interact with money. This article explores the evolution of Bitcoin and cryptocurrency, from its humble beginnings to its current status as a force to be reckoned with in the world of finance.

The Genesis of Bitcoin:

Bitcoin, the first decentralized cryptocurrency, was introduced in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. The groundbreaking whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System outlined the principles of a decentralized currency, free from the control of central banks and governments. Bitcoins underlying technology, blockchain, provided a transparent and immutable ledger that recorded all transactions.

Decentralization and Blockchain Technology:

At the core of Bitcoins success is the concept of decentralization. Unlike traditional currencies, which are governed by central authorities, Bitcoin operates on a peer-to-peer network, allowing users to transact directly without intermediaries. This decentralization is made possible by blockchain technology, a distributed ledger that records transactions across a network of computers, ensuring transparency and security.

Blockchain technology has extended beyond Bitcoin, finding applications in various industries. Smart contracts, self-executing contracts with the terms of the agreement directly written into code, have emerged, revolutionizing sectors like finance, supply chain, and real estate.

Cryptocurrencies Beyond Bitcoin:

Bitcoins success paved the way for the development of thousands of alternative cryptocurrencies, commonly known as altcoins. Ethereum, introduced in 2015, brought programmable smart contracts to the blockchain, enabling developers to create decentralized applications (DApps) on its platform. This opened the door to a wide array of possibilities beyond simple peer-to-peer transactions.

The Rise of Initial Coin Offerings (ICOs):

The popularity of cryptocurrencies led to the rise of fundraising through Initial Coin Offerings (ICOs). Projects could raise capital by issuing their own tokens on blockchain platforms like Ethereum. While ICOs provided a new and innovative way for startups to secure funding, they also attracted scrutiny due to the lack of regulatory oversight, leading to fraudulent activities and scams.

Regulatory Challenges:

The decentralized nature of cryptocurrencies has presented challenges for regulators worldwide. Governments and financial institutions grappled with how to categorize and regulate these digital assets. Some embraced the technology, recognizing its potential, while others sought to restrict or ban its use. The regulatory landscape remains dynamic, with ongoing discussions on how to strike a balance between fostering innovation and ensuring consumer protection.

Institutional Adoption:

Despite initial skepticism from traditional financial institutions, the last few years have witnessed a notable shift towards institutional adoption of cryptocurrencies. Major corporations and financial giants have started to recognize the potential of digital assets as a legitimate store of value and investment. This institutional endorsement has contributed to increased credibility and mainstream acceptance of cryptocurrencies.

Bitcoin as Digital Gold:

Bitcoin, often referred to as digital gold, has gained prominence as a hedge against economic uncertainty. With a capped supply of 21 million coins, Bitcoins scarcity is reminiscent of precious metals like gold. Investors, including institutional players, have turned to Bitcoin as a store of value and a potential safeguard against inflation.

The Role of Marketing in Cryptocurrency Adoption:

As cryptocurrencies continue to gain traction, the role of marketing becomes increasingly vital in fostering adoption and building trust within the community. Marketing strategies should focus on educating the public about the benefits and risks associated with cryptocurrencies, addressing concerns related to security and regulation.

Transparency and Communication:

In the world of cryptocurrency, transparency is key. Projects that prioritize clear communication about their goals, technology, and potential challenges are more likely to gain the trust of investors and users. Marketing efforts should emphasize openness, providing regular updates and engaging with the community to address concerns and build a sense of community.

Educational Initiatives:

Given the complexity of blockchain technology and cryptocurrencies, educational initiatives play a crucial role in driving adoption. Marketing campaigns should prioritize educational content, explaining the fundamentals of blockchain, the importance of decentralization, and how users can safely engage with digital assets. This empowers individuals to make informed decisions and reduces the fear associated with the unfamiliar.

Community Building:

Successful cryptocurrency projects understand the significance of building a strong community. Marketing efforts should go beyond promoting the product and focus on creating a sense of belonging among users. Community engagement, forums, and social media play a vital role in connecting users and fostering a supportive environment.

The evolution of Bitcoin and cryptocurrency over the past decade has been nothing short of revolutionary. From a conceptual whitepaper to a global force challenging traditional financial systems, cryptocurrencies have come a long way. As we navigate the future of finance, the role of marketing in building trust, fostering education, and creating vibrant communities will be integral to the continued growth and acceptance of digital assets in mainstream society.

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The Evolution of Bitcoin and Cryptocurrency: A Decade of Digital Disruption - Medium