Archive for the ‘Satoshi Nakamoto’ Category

JPM’s Jamie Dimon believes Satoshi Nakamoto will either increase or "erase" Bitcoin supply – CryptoSlate

Jamie Dimon, the CEO of JPMorgan, took aim at Bitcoin once again during an interview with CNBC at Davos 2024 on Jan. 17.

Dimon expressed an unusual theory in which he suggested that Bitcoin (BTC) could be eliminated once its maximum supply is issued. He said:

I think theres a good chance that when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased.

Dimon also suggested that, contrary to this, there is no guarantee that Bitcoin issuance will end once the circulating supply reaches 21 million BTC. He said:

How the hell do you know that its going to stop at 21 [million]? Ive never met one person who told me that they know for a fact.

One of Dimons co-panellists, CNBC Squawk Box host Joe Kernen, noted that the last Bitcoin will not be mined until about 2140 due to increasing mining difficulty. Kernen added that Bitcoin shares many economic properties with gold, to which Dimon replied, You may be right [but] I dont own gold either.

Dimons latest statements have attracted massive backlash on social media, both due to the general inaccuracy of his theories and due to the fact that he mispronounced the first half of Satoshi Nakamoto as Satashi.

Dimons theories are unfounded because Satoshi Nakamoto created Bitcoin but does not have control over the blockchain or its miners.

Bitcoins 21 million maximum supply is currently hard-coded into its source code. Any change to that rule requires agreement among miners, who are unlikely to adjust the rule due to their vested interest in the current model.

Furthermore, any change with less than unanimous support would cause the Bitcoin blockchain to split into two chains. To replace the main Bitcoin network and not merely create a minority chain, majority support among miners would be necessary. Bitcoin Cash (BCH), notably, was created with minority support in 2017 and remains separate from Bitcoin.

Finally, the Bitcoin supply could only be destroyed if all BTC holders decided to send their funds to an irretrievable address or burn address. Though a substantial portion of the Bitcoin supply has already been sent to such addresses, partial burning only increases the value of BTC still in circulation.

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JPM's Jamie Dimon believes Satoshi Nakamoto will either increase or "erase" Bitcoin supply - CryptoSlate

Who is Satoshi Nakamoto?. In 2009, Satoshi Nakamoto published the | by Benny Pregarz | Jan, 2024 – Medium

In 2009, Satoshi Nakamoto published the initial Bitcoin software and wrote the whitepaper. Nakamoto, whose identity is unknown, interacted with the Bitcoin community via email and online forums before progressively disappearing from view around 2010.

Though many attempts have been made, none of them have been able to determine who Nakamoto is. Although a number of people have been put forth as viable candidates, none of them have been shown to be Satoshi Nakamoto with certainty.

Satoshi Nakamoto initiated work on the Bitcoin code in the second quarter of 2007 and, on August 18, 2008, registered the domain bitcoin.org. On October 31 of the same year, Nakamoto published the Bitcoin white paper, introducing a digital cryptocurrency titled Bitcoin: A Peer-to-Peer Electronic Cash System. On January 9, 2009, Nakamoto released version 0.1 of the Bitcoin software, launching the network with the creation of the genesis block and a reward of 50 bitcoins. The coinbase transaction of this block included a note referencing a headline from The Times, possibly serving as a timestamp or commentary on banking instability.

Nakamoto collaborated on Bitcoin development until mid-2010, overseeing source code modifications personally. Control of the source code repository and network alert key was then handed over to Gavin Andresen, and Nakamoto reduced involvement in the project. Its estimated that Nakamoto owns between 750,000 and 1,100,000 bitcoins.

Satoshi Nakamoto has maintained anonymity regarding personal details while discussing technical matters. His P2P Foundation profile in 2012 claimed he was a 37-year-old male living in Japan, but some doubted this due to his proficient use of English. Speculation about Nakamoto being a team arose, with security researcher Dan Kaminsky suggesting Nakamoto could be a team of people or a genius. The use of British English in Nakamotos writings and the reference to Londons Times newspaper in the first Bitcoin block led to theories about Commonwealth origin and interest in the British government. Stefan Thomas analyzed Nakamotos forum posts, revealing an unusual sleep pattern inconsistent with someone in Japan, raising questions about Nakamotos true identity.

Most probably, we will never find out who Satoshi Nakamoto really is.

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Who is Satoshi Nakamoto?. In 2009, Satoshi Nakamoto published the | by Benny Pregarz | Jan, 2024 - Medium

Speculation Rife Over $1.2M Bitcoin Sent to Satoshi; Sei & InQubeta Win Over Investors – NewsBTC

Mystery shrouded the crypto market after an unidentified wallet transferred 27 Bitcoin (BTC) tokens to the blockchain address believed to be linked to the cryptocurrencys creator Satoshi Nakamoto.

The transaction was reported on January 5 and involved a payout of Bitcoin tokens worth about $1.2 million. The payout stoked speculation among crypto enthusiasts about the senders motive. According to reports, the tokens were transferred after a similar number of Bitcoins was withdrawn from the Binance exchange.

When analysts were not busy thinking about the mystery wallet they were occupied with monitoring the stellar growth of Sei (SEI) and InQubeta (QUBE). The two tokens clocked massive gains while continuing their upward surge.

Investors can now back an AI startup project by buying its corresponding NFT sold at InQubetas online marketplace. These NFTs provide information about the rewards that the startup can offer in exchange for funding.

These tokenized assets are bought with the QUBE token, which is InQubetas native cryptocurrency. The QUBE token is the current favorite of experts and investors alike.

Apart from being used for making payments, the QUBE token is used for implementing InQubetas decentralized governance structure. Every decision related to the platform is taken by organizing a vote where token holders use their voting privileges. During the vote, community members assess a proposed change or decision and then vote accordingly.

Regarded as one of the best altcoins for 2023, the QUBE token is built using a deflationary model which can counter the impact of inflation on a crypto portfolio. The model works by reducing the token availability when inflation is high.

As supply reduces when the demand is high, price fluctuations are minimal and the asset trades at competitive prices.

InQubeta also offers additional services to startups such as marketing support to help newcomers build their brand easily.

Experts also believe that InQubetas growth was bolstered by its presale success in 2023. The platform helps startups strike a connection with investors and raise funds for their artificial intelligence-driven projects. Its cryptocurrency ICO has so far raised $8.4 million.

Bitcoin is a leading cryptocurrency that is based on the proof-of-work consensus algorithm. Its native cryptocurrency BTC is used for settling all kinds of payments and transactions.

Given its massive popularity, multiple companies have filed applications with the US SEC to roll out spot Bitcoin ETFs, which were approved recently. With the SEC nod, investing in BTC ETFs picked up pace right from Day 1 and earned over $ 1 billion in trade volume within the first 30 minutes of going live.

In a related development, an unidentified wallet reportedly sent BTC tokens worth $1.17 million to the Bitcoin address linked to the cryptocurrencys creator Satoshi Nakamoto on January 5.

There were various kinds of theories going around about the payout. While some are calling it a marketing stunt, others claim that it might be a bid to reveal Nakamotos identity as part of the US new tax rules.

Sei is a Layer 1 blockchain that can power dApps and digital assets suitable for mass adoption. Its native token SEI is used for all transactional purposes on the network. It is powered by the Twin-Turbo consensus that allows high throughput while lowering transaction costs.

It has been hailed as one of the top cryptos to invest in by analysts which helped it draw the attention of investors. Based on recent market patterns, analysts believe it might be a good time for SEI patrons to accumulate more holdings.

Recently, blockchain analytics firm DEX Screener integrated Sei into its network. With the move, crypto users would be able to check out real-time alerts and analytics related to Sei on DEX Screener.

There might be new altcoins lined up for release in 2024 but for now, analysts are focused on the prospects of InQubeta, Sei, and Bitcoin. Market experts credit the resilience of these tokens to their growth potential and strong performance in the past.

Leveraging DeFi, these cryptocurrencies make blockchain technology more accessible for wealth generation. Their community-driven aspects encourage their patrons to contribute to their development and grow along with them.

Visit InQubeta Presale

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Speculation Rife Over $1.2M Bitcoin Sent to Satoshi; Sei & InQubeta Win Over Investors - NewsBTC

Blur and Bitcoin Cash: Are They the Next to Boom? An In-Depth Look at What’s Captivating the Crypto Market – Finbold – Finance in Bold

Press Releases are sponsored content and not a part of Finbold's editorial content. For a full disclaimer, please . If you encounter any issues, kindly report them to [emailprotected]. Crypto assets/products can be highly risky. Never invest unless youre prepared to lose all the money you invest.

With bullish market sentiments, investors are looking at the best altcoins, such as BLUR and Bitcoin Cash (BCH). Amid such a scenario, Rebel Satoshi ($RBLZ) has emerged as the best crypto to buy during its presale. Lets dive deep and understand what the experts say about the top altcoins BLUR, BCH, and the new $RBLZ token.

As the Bitcoin Spot ETF got approved on January 10, the crypto market also witnessed a rally. The BLUR token was trading at $0.42 on January 11 and witnessed a rally as a result. By January 17, the BLUR token was up by 57.1% and was trading at $0.66.

While the BLUR token rallied, it witnessed a massive token unlock on January 17. More than 49 million tokens worth $32 million were unlocked. On-chain data suggests that these tokens have been transferred to Coinbase Pro. According to data from DappRadar, BLUR was the largest NFT Marketplace, with a volume of more than $32 million.

However, experts foresee a correction in the BLUR token going forward and are bearish on it. They predict the BLUR token will drop below $0.60 in the coming weeks.

The Bitcoin Cash (BCH) price also witnessed a rally after the BTC Spot ETF got the SEC nod on January 10. The Bitcoin Cash (BCH) price rose to a high of $296.81 on January 12 as a result. However, the Bitcoin Cash (BCH) price has since then been on a downward slide.

The Bitcoin Cash (BCH) price has dropped by 17.7% to trade at $244.96 on January 17. Amid the price drop, the Bitcoin Cash (BCH) network rose to nearly $7 billion in terms of TVL locked on January 13. The BCH Bliss 2024 event celebrating the Bitcoin Cash Jessica Upgrade was announced on January 15.

Despite these developments, the Bitcoin Cash (BCH) price is expected to continue dropping, according to experts. They predict that the Bitcoin Cash (BCH) price will drop below $235 in the coming weeks.

The Rebel Satoshi protocol is a meme coin project built on the ideals of Guy Fawkes and Satoshi Nakamoto. Rebel Satoshi aims to bring a revolution against market centralization and disrupt the status quo. The Rebel Satoshi rebellion is going to be brought about peacefully by its Recusant community members.

The membership and governance token for the Rebel Satoshi ecosystem is the $RBLZ token. The $RBLZ token adheres to the ERC-20 standard, and Rebel Satoshi has fixed its supply at 250 million. Rebel Satoshi wants to take the $RBLZ token to a market cap of $100 million. The presale of the $RBLZ token is in the Monarchs Round 4 and has sold more than 105 million tokens.

The $RBLZ token has rallied 120% from the start of the presale to reach $0.022 per token currently. Rebel Satoshi has raised more than $1.5 million during the presale already. Once the presale ends, the $RBLZ token will be listed across major DEXs in February. As a result, experts consider $RBLZ one of the best altcoins to buy right now.For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram

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Blur and Bitcoin Cash: Are They the Next to Boom? An In-Depth Look at What's Captivating the Crypto Market - Finbold - Finance in Bold

UXUY launches the world’s first standardized indexer, an inscription Infra embracing Bitcoin and the spirit of Satoshi – InvestorsObserver

UXUY launches the world's first standardized indexer, an inscription Infra embracing Bitcoin and the spirit of Satoshi

Singapore, Dec. 28, 2023 (GLOBE NEWSWIRE) -- On December 28, 2023, UXUY , the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced the launch of the worlds first standardized indexer for the multi-chain inscription marketUXUY Indexer. This is the most important iteration of UXUY in the Bitcoin ecosystem after the Struck by Lightning plan. It means that UXUY officially serves the inscription track as a builder, providing standardized indexing services for Bitcoin Ordinals, BRC20 and the entire inscription market.

UXUY believes that inscriptions, as a new narrative in the crypto field, are becoming the third largest crypto asset type after Token and NFT. More value and innovation will be created here, and it will completely rewrite the way assets are created in the crypto industry.

UXUY Indexer will adhere to the principle of decentralization, fully embrace Bitcoin and the spirit of Satoshi, and build a solid infrastructure for the long-term prosperity and development of the inscription market.

UXUY is willing to participate with more builders to promote inscriptions to become a phenomenon-level consensus in the encryption industry.

As Satoshi Nakamoto wrote in 2009:

It might make sense to get some in case it becomes popular. If enough people think the same way, it becomes a self-fulfilling prophecy. (January 2009) Satoshi Nakamoto

Inscription and Crypto Equality

At the beginning of its establishment, UXUY officially issued Crypto Equity Manifesto , proposing that trading is the only weapon that can break down barriers , advocating that various ecosystems should break down barriers, conduct cross-chain transactions, build a crypto ecosystem without walls, and jointly promote crypto equality, which coincides with the spirit of the inscription being highly consistent.

As a fairer way to create assets, inscriptions establish a complete trading market between various ecologies and explore new opportunities for innovation.

2023 is the first year for the cryptocurrency inscription market. The Ordinals protocol has completely ignited the inscription market. Currently, more than 50 million inscriptions have been inscribed on the Bitcoin network, and the cumulative inscription casting fee is as high as 5039 BTC, which is approximately US$215 million.

At present, the development of the inscription track is still in its early stages. The inscription specifications among various ecology are not the same, and there is no real-time trading of inscriptions. On the Ethereum ecosystem, more than two million inscriptions have been minted, but most of them are in a state of dissociation, with no transactions or transfers occurring.

The of the inscription has just begun...

UXUY believes that the discovery of value must be based on transactions, and this is especially true for the inscription market. UXUY will actively improve the infrastructure of the inscription market to safeguard cryptographic fairness among various ecosystems. UXUY adheres to the principle of cryptographic equality, serves the inscription market, provides infrastructure for the construction of the inscription market, actively maintains the on-chain storage and off-chain computing functions of the indexer, and creates a more friendly off-chain environment for inscription transactions.

In this regard, UXUY proposed that the Inscription market should abide by the idea of DMT (Deploy, Mint, Transfer), and Inscription should not rely on any project party to complete transaction transfers.

UXUY will establish the first inscription infrastructure that embraces Bitcoin and the spirit of Satoshi. Based on serving the entire inscription market, it will open up the inscription transaction barriers of various public chains and Layer 2, connect every corner of the crypto continent, and promote the consensus of crypto equality. Illuminating more emerging assets.

Why we need an indexer

The indexer is an important part of the Inscription world. It is used to track the wallets, quantities and other information of the Inscription tokens held to ensure that the Inscription market of cryptocurrency operates effectively.

The inscription data is only stored on the chain and is an original certificate. The update and check of the data rely on the indexer to solve the problems of indexing, retrieval, and settlement of the inscription ecological data.

At the same time, the indexer reads all inscription transaction information, checks which inscription is "deployed" first, and maintains the "First is First" criterion. By tracking which wallets deployed the original token supply, what the maximum limit was, when minting was terminated, and the traceability of those token wallets in the secondary markets Transfer.

Without indexers, inscriptions would be limited to indistinguishable Josn text files, and the market for inscriptions would cease to exist.

Embracing the spirit of Satoshi

UXUY actively embraces Bitcoin and the spirit of Satoshi, and is based on conducting inscription transactions and transfers through native protocols without relying on any project parties. UXUY calls on the market to adhere to the Declaration of Crypto Equality, abide by DMT ideas, and actively embrace the inscription infrastructure of Bitcoin and the spirit of Satoshi.

Bitcoin has revolutionized the world through a trustless system for financial transactions without intermediaries, and Inscription creates a fairer and more decentralized way of asset development, and the entire encryption industry will enter a "trustless" era.

About UXUY UXUY is a next-generation decentralized multi-chain trading platform incubated by Binance Labs and based on MPC wallet. UXUY actively participates in the construction of the Bitcoin Layer2 ecosystem, fully integrates into the Bitcoin Lightning Network and Taproot ecosystem, provides users with lightning address DID services, and becomes an important bridge connecting the Bitcoin and Ethereum ecosystems. UXUY provides traders with instant cross-chain transaction services for coins, tokens, and Inscriptions between various public chains by establishing uPool centered on stablecoins. It is currently connected to public chains and Layer 2 such as Bitcoin, Ethereum, BNB Chain, Polygon, Tron, Optimism, Arbitrum, Avalanche-C, Fantom, Linea, and Base. Provide social trading functions, create Gas solution GasPool, provide users with a CEX-like trading experience, and significantly reduce the threshold for on-chain transactions. UXUY launches Project Columbus, calling on brave navigators to wear TricornHat, start the Age of Discovery, and jointly search for Where 100x Happens!

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UXUY launches the world's first standardized indexer, an inscription Infra embracing Bitcoin and the spirit of Satoshi - InvestorsObserver