A must read crypto articles

noozzle (53)in #crypto • 5 years ago

🙄We start off with some fresh information from the Craig Wright/ Satoshi Nakamoto saga as Mr. Wright has filed a copyright registration for the bitcoin whitepaper and early bitcoin code with the US Copyright Office. One could initially be skeptical as to how Mr. Wright was successful in his preliminary filing, but allegedly Wright was able to provide a list of bitcoin addresses to back up his claims although they have since been redacted from public release.

https://www.ccn.com/craig-wright-files-copyright-registrations-bitcoin-whitepaper-code-satoshi-nakamoto

🤭🤔Next we have a continuing piece on the JP Morgan/ bitcoin saga as they provided a transparent attempt to drive the price growth down. This last week bitcoin chart was posted by Morgan showing bitcoin and a “divergence from intrinsic value, echoing late 2017.” As Morgan and other large institutions begin to investigate and invest capital into blockchain it is important to pay closer attention to what their actions and not their words

https://www.ccn.com/jpmorgan-bitcoin-price-rally-sabotage-fear

🤫This week twelve-time former US-Congressman and three-time presidential hopeful Ron Paul delivered a scathing rebuke to the central bank system. It is not a surprise to hear Paul deliver a number of quotes along the lines of “No matter what system they have, the government comes in to get control because that is where the power is.” It is almost more of a surprise that you don’t hear Paul speak more openly and superlatively about bitcoin as he is perhaps the most critical politician of central banking. Go Ron!

https://www.ccn.com/dr-ron-paul-central-banks-failure-money-bitcoin

In what is not the first story of its kind, a man from Sydney, Australia faces charges of illegally retrofitting government computers to mine bitcoin. The man who will appear in court this week allegedly mined nearly $10k worth of the currency before being caught will face a maximum of ten years in prison if he is caught. The Australian Federal Police made a statement: “[He] abused his position as an IT contractor to manipulate program to use the processing power of the agency’s computer network for cryptocurrency mining.”

https://www.ccn.com/aussie-ten-years-prison-mining-bitcoin-government-computer

🤑We previously did a short story on teenage crypto millionaire Erik Finman and this week he poked his head out again to make a few statements on what bitcoin must avoid if it wants to succeed long term. They are: high transaction fees, complexity, fragmented communities, and difficulty of entry for average consumers. These problems will obviously not spell disaster for the larger industry, but in fact will provide windows of opportunity for a plethora of alt-coins. Of course, this is perhaps the most interesting story to watch in the mid term as the fierce battle continues between alts trying to separate themselves from the pack.

https://www.ccn.com/teen-crypto-millionaire-bitcoin-will-die-four-problems-unsolved

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