In the report, he has compiled a list of proof of fake claims, including the findings by other people. The report also includes details of a deleted Linkedin account which throws light on Craig’s past involvements compared to his statements.
In one of the links, Andrew O’Hagan, London Review of Books editor, cites how, when, and why the claims started. He writes about “writes about how Craig Wright was paid $15M to claim he was Satoshi to escape financial difficulties.”
Craig’s Bizarre Dilemma
The Judge of the Federal Court found Wright to be ‘serial forger’ in a recent case. Many of his submissions were found to be false. Hence, the judge decided against his and granted damages to the plaintiff.
The result of the case between self-acclaimed Satoshi, Craig Wright, and Dave Klieman sought to put an end to the debate. However, it apparently put Wright in a bizarre situation.
He now has to pay half of his Bitcoin holdings and Intellectual Property to the Klieman estate. Satoshi had mined 1 million Bitcoins. Hence, if Craig’s claims are valid, he had to share the fortune with Dave Klieman, whom he now recognizes as part of Satoshi. 500k Bitcoins amount to about $5 billion at current prices.
Nevertheless, Wright has claimed that the funds are locked until 2020 by some kind of timed encryption. Moreover, crypto-twitter is overwhelmed by the coup Craig has put himself into. Some suggest that Craig will have to pay $6 billion from his own wealth unrelated to Satoshi’s Bitcoins just to keep his claims alive.
In the past, to gain attention from media, Wright has also lied about owning MtGox Bitcoins. Craig Wright seems to have surrounded himself by controversies all around. While he still claims, that “it is not ever yet,” a mountain of proofs and testimonies leaves very little room for doubt.
Do you think that the ‘faketoshi’ claims will come to an end after this? Please share your views with us.
Vitalik Buterin Documents List of Fake Claims Made by Craig Wright with Proof
Vitalik Buterin, the co-founder of Ethereum, is not afraid of ‘calling out frauds.’ Earlier in an open conference, Buterin had called Craig a fraud, which sparked a lot of controversies. Now, he has published a fork on Github titled cult of CSW.
DisclaimerThe presented content may include the personal opinion ofthe author and is subject to market condition.Do your market research before investing in cryptocurrencies.The author or the publication does not hold any responsibilityfor your personal financial loss.
After redesigning the covenant-based smart contract solution in Cashscript, the developer asserted that “Large contracts like this is where Cashscript …
Software developers Rosco Kalis and Gabriel Cardona have been steadily working on Cashscript, a high-level programming language for Bitcoin Cash. When the language is tied to certain opcodes, specific schemes can be built that allow for autonomous and decision-based transactions. While testing Cashscript’s capabilities, the two engineers recently deployed an oracle, forfeits, an onchain wager, and a recurring payments contract.
Bitcoin Cash (BCH) development is in full swing and over the last six months the tempo has really started to pick up. Things like the Simple Ledger Protocol, Schnorr signatures, opcodes, Cashshuffle, the programming language Spedn, and token dividend payments have galvanized the network’s versatility. Another project that’s seeing steady development is Cashscript, a high-level language for BCH created by the software developer Rosco Kalis.
I was asked by @cgcardona to wrap up a checkdatasig example for CashScript. So yesterday I put together a contract utilising CDS and oracles to enforce HODLing until a certain BCH/USD price has been reached. CDS opens the doors to awesome functionality!https://t.co/upTvNB9SmB
News.Bitcoin.com reported on Cashscript in May, when Kalis discussed the number of innovative concepts that can stem from using Cashscript. The main focus for Cashscript developers is to make it easier for other engineers to plug a Cashscript contract into any web application. “For this workflow as well as the syntax of the language we took a lot of inspiration from Ethereum’s Solidity language and Web3.js / Truffle libraries,” Kalis told our newsdesk at the time.
Since then, Kalis and other developers like Gabriel Cardona, the creator of Bitbox, have been eagerly showing the BCH community what Cashscript is capable of doing. “Cashscript is a paradigm shift in expressiveness for BCH contracts,” Cardona explained this week while highlighting a bunch of experiments. For instance, Cardona showed the BCH community on Twitter how the Mecenas contract was replicated in Cashscript. Mecenas was a contract developed by Karol Trzeszczkowski that allows for recurring BCH payments. After redesigning the covenant-based smart contract solution in Cashscript, the developer asserted that “Large contracts like this is where Cashscript really shines.” On August 24, Cardona also tweeted that last year in Milan at the Satoshi’s Vision Conference, BCH engineer Awemany revealed a solution to the zero-confirmation problem by using a concept called “Zero-Confirmation Forfeits.” So the developer decided to replicate the zero-confirmation forfeit idea using the Cashscript language.
While showing the ported Cashscript examples on Twitter, Cardona also tipped his hat to developers who helped initiate these ideas like Tendo Pein, Karol Trzeszczkowski, Rosco Kalis, Emil Oldenburg, Chris Pacia, and Tobias Ruck. The next day on August 25, Cardona showed the public a wager contract from Emil Oldenburgs’s onchain bet example from “Taking OP_Checkdatasig out for a test drive.” The new wager contract was written in Cashscript, which executes an onchain bet between two parties and can only be settled by block height and price signed by an oracle. “Noncustodial financial services are about to change everything,” Cardona exclaimed. In another example, Kalis and Cardona produced an oracle using Cashscript and OP_Checkdatasig. The contract forces holding onto the asset until a certain price target has been reached. The “Hodl-Vault” contract specifications state:
A minimum block is provided to ensure that oracle price entries from before this block are disregarded: When the BCH price was $1,000 in the past, an oracle entry with the old block number and price can not be used. Instead, a message with a block number and price from after the minBlock needs to be passed. This contract serves as a simple example of OP_Checkdatasig-based contracts.
After the contract was created, Spedn creator Tendo Pein tweeted: “BCH supports hodling better than BTC.” “Anything BTC can do, BCH can do better,” Cardona replied. On the Reddit forum r/btc, BCH supporters welcomed the innovation stemming from the Cashscript language. Cashscript can allow for many types of autonomous and decision-based transactions like oracles, zero-conf forfeits, digital good purchases via PGP signature, Pay to ID, cold wallet timeout, enforced multi-signature signing order, stablecoins, covenants, secure multi-party computation, blind escrows and spending constraints. “[It’s] going to be exciting to see what people can come up with using these new features,” one BCH supporter said after reading about the innovations Cashscript could prime in the future.
Non Custodial Financial Services are about to change everything.
Oracles and Decision-Based Transactions Without the Need for a Custodian’s Decision
One of the biggest conversations stemming from the r/btc post about Cashscript was the use of oracles. Many cryptocurrency enthusiasts and blockchain developers believe that the BCH blockchain could provide verifiable multi-sourced facts, so people can use a trustless oracle for better decisions. Oracles are neutral by design and can allow the BCH chain to verify enough valid data to prove something is true or false, which then would essentially trigger decision-based transactions based on the outcome.
Since ancient times, humans have used oracles to make hard decisions, execute bets and wagers, and provide validated reports. The opcode OP_Checkdatasig has brought the idea of blockchain oracle concepts using the BCH chain to the forefront. The opcode can check the validation of certain signatures, and return two different outcomes in an autonomous fashion. This means BCH-powered oracles can provide a definitive outcome for things like sporting events, election results, and prediction markets. But it would do so in a way that removes the need for a third party or custodian’s decision.
Developers have already proven these types of decision-based transactions can work without changing the current BCH rule set. People have built onchain wagers, oracles, digital currency inheritance schemes and even a game of onchain chess. It’s still very early, but Cashscript is maturing fast and BCH developers can utilize the language right now to execute these types of decision-based transactions into their workflow. As Cardona highlighted earlier this week, noncustodial financial services will decimate the current way we deal with money. Innovations like OP_Checkdatasig, Cashscript, Spedn, and Schnorr help to realize this goal.
What do you think about the Cashscript language and developers creating unique types of decision-based transactions with Cashscript and OP_Checkdatasig? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Jamie Redman, Github, Cashscript, and Twitter.
On August 23, Bitcoin.com released a new application called the SLP Dividend Calculator. The new platform allows users to build… read more.
Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.
The fear, uncertainty and doubt is palpable today on bitcoin markets. It shouldn’t be as these large swings are nothing new and will happen time and time again. Yet still the panic ensues as traders quickly liquidate positions for fears of further losses. But are the whales doing the opposite?
Bitcoin Fear Index Hits 2019 Low
The BTC fear index, a measure of fear and greed, has plunged to a low not seen since the depths of crypto winter in 2018. A 245 day low was hit as the index plunged to 13 in terms of ‘extreme fear’. The last time it was this low was when bitcoin dumped to $3,200 in mid-December. The scale is zero to one hundred with the bottom indicating ‘extreme fear’ while the top end is ‘greed’.
The fall in the index correlated with the BTC dump below $10k which marks the fourth time since the rally began bitcoin has been in four figures. The platform derives its index data from five factors: Volatility, Market Momentum/Volume, Social Media, Surveys, Dominance and Trends.
Research director at The Block, Larry Cermak, observed that two thirds of Coinbase customers with large BTC holdings have actually been buying over the past 24 hours.
“Interestingly, according to Coinbase’s data, 67% of customers with large BTC holdings (top 10%) are buying rather than selling in the last 24 hours.”
Interestingly, according to Coinbase’s data, 67% of customers with large BTC holdings (top 10%) are buying rather than selling in the last 24 hours. pic.twitter.com/mOfNMbscuc
He followed up with 88% of Coinbase customers with large XRP holdings are buying rather than selling in the last 24 hours. Considering that XRP prices fell to their lowest levels in almost a year over the past few hours, it would indicate a lot of ‘dip buying’ going on.
BTC Back Over $10k
The recovery is already in motion, for bitcoin at least. The foray into four figures only lasted seven hours as BTC is back over $10k again according to Tradingview.com. From the dip of $9,470, bitcoin has made over $500, or 6%, back to its current price of 00. Things happen so fast on crypto markets that most will have slept through this latest dip and missed the opportunity to get in at four figures.
In all likelihood there will be another chance though as several analysts have eyed a further dip resulting in a lower low below $9k. The price action over the rest of the day will be critical for BTC’s next move. If the whales have been accumulating it will be heading back upwards pretty soon. Unfortunately the same cannot be said for the altcoins.
Will bitcoin bounce back today? Add your thoughts below.
He is an investor, writer, economist, and techno-utopian …
There’s no doubt that blockchain technology and cryptocurrencies are disruptive, and look set to bring about considerable changes in the world.
However, keeping up with the pace of change can be a struggle, especially for those who are not in the know.
That’s why I have put together this list of the 11 best Bitcoin, blockchain, and crypto-related books.
These books will expand your knowledge, and provide you with a great understanding of how these revolutionary new technologies work, and the impact they can have.
On top of that, these books also happen to be highly entertaining to read at the same time.
So without further ado, here is my list of the top 11 crypto books:
Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
If you want to pick up a single book because you feel you missed the Bitcoin bandwagon, then this is the book for you. The best thing about this book is its narrative. You will start from ground zero and along the way, meet fascinating personalities who helped shape Bitcoin in its current form.
If you vaguely remember names such as Mt. Gox, Silk Road and want to get a recap of the same in an entertaining narrative, this book is for you.
It is the story of the many varied individuals- including cypherpunks, computer programmers, visionaries, libertarians, and anarchists who built the Bitcoin narrative.
It’s a fascinating story and worth binge-reading!
Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption
With a knack for writing in a narrative style, Ben Mezrich chronicles the journey of the Bitcoin Billionaires – the Winklevoss twins. The twins became well-known through their epic legal battle with Facebook’s Mark Zuckerberg.
Mezrich’s earlier book ‘The Accidental Billionaires’ and the subsequent movie ‘The Social Network’ depicts the hard-fought legal battlebetween Zuckerberg and theWinklevosstwins over the original idea of a Facebook-like social network. Eventually, it ended up with the twins receiving $65 million – the majority of it as Facebook stock.
‘The Bitcoin Billionaires’ book continues the story from there. Shunned by those in fear of getting on the wrong side of Facebook, the brothers were not welcome in Silicon Valley.
However, soon after they found their calling – Bitcoin! They were the early adopters of the Bitcoin phenomenon. Having settled the case, they bought 1% of all the existing Bitcoins in circulation in 2011 when it was dirt-cheap. When the price skyrocketed to $10,000 per Bitcoin, it turned them into billionaires.
This book narrates the events leading to it.
Bitcoin and Cryptocurrency Technologies
This book is written by a collection of authors including Arvind Narayanan, Joseph Bonneau, and more. All the authors are either professors or research graduates from Princeton, Stanford, and other prestigious universities.
The book’s intention is to make readers aware of how Bitcoin and blockchain technology work at a technical level. It is assumed that readers have a basic understanding of computer science, how computers work, data structures and algorithms, etc.
So, if you identify yourself as having such esoteric knowledge, it’s well worth a read.
Mastering Bitcoin: Programming the Open Blockchain
Andreas Antonopoulos is a respected name in the Bitcoin-blockchain world. He dons many hats. He is an Author, a Coder, a Public Speaker, and an entrepreneur – all blended in one. He is known for delivering talks that enmesh economics, psychology, technologywith current events, andpersonal anecdotes. And, he has written a very technical book to understand the intricacies of the Bitcoin and blockchain.
Software programmers in the know consider this as the best book on the blockchain.
To fully understand Bitcoin, Antonopoulosexamines it from the perspective of the people using it. Each of the characters like Alice, Carol, and Bob in the book illustrate specific use cases. From how to generate Bitcoin addresses using wallet services to making your first Bitcoin transaction, Antonopoulosclearly explains all aspects of Bitcoin.
It was first published back in 2014, but with the second edition out, it’s still the go-to book.
The Internet of Money: Volume 1 and Volume 2
Antonopoulos’ first book Mastering Bitcoin was on the ‘what’ and ‘how’ of Bitcoin, explaining all the technical intricacies.
However, Antonopoulos’ second book The Internet of Money digs the ‘why’ of Bitcoin. It’s not a book, per se, but more of a compendium of Antonopoulos’ speeches at various forums, conferences, and universities.
These talks reflect the author’s worldview, political ideas, and hopes, as well as his technical fascination and unabashed geekiness.
We can surely say that the book provides an easy-to-read, short-story style overview of why Bitcoin matters.
Antonopoulos delves into the philosophical underpinnings of money. He puts forth new ideas such as currency as a language by which we express our values; or currency as an app; or a content type.
He gives an interesting example of how cars, when invented and introduced in the late 19th century, were resisted, contrary to our general belief, by most of the people. Cars were slower than horses, they broke down, and needed expensive gasoline. Every new technology is looked at with suspicion.
Digital Currencies are not any different.
If you read this book, you will understand Infrastructure Inversion (new technology which inverts the existing infrastructure), Interstitial Innovation (innovation in the gaps, the places where today’s systems cannot go) and so on.
Antonopoulos envisions a future where everyone can issue currency.
He has also published the second volume of The Internet of Money. His fourth book Mastering Ethereum, was also released in December 2018.
The Bitcoin Standard: The Decentralized Alternative to Central Banking
Saifedean Ammous is a professor of economics at the Lebanese American University and a Bitcoin economist. The book is written from the point of view of the Austrian school of economics. For the uninitiated, the Austrian school of economics emphasizes the complete freedom of individuals. It wants to abolish central banks; wants the gold standard to be reinstated, and wants minimal government oversight.
The book explores the history of money from barter exchange, through to the use of seashells, beads, and other mediums of exchange. The author puts forth the concept of sound money. Gold is sound money, whereas government-controlled central bank-issued currencies are unsound money. And, he categorically targets mainstream (Keynesian Economics) for all the excesses committed in the form of central banking shenanigans like quantitative easing and the monetization of government debt.
As it is written by an economist, it stays away from all the technical aspects of Bitcoin.
Therefore, grab the book if you want to understand Bitcoin and its significance from the point of view of a heterodox school of economics.
The Truth Machine: The Blockchain and the Future of everything
Michael Casey and Paul Vigna, both journalists at the Wall Street Journal, also authored The Age of Cryptocurrencyback in 2015 which focuses primarily on a single application of Bitcoin’s core technology.
But technology is dynamic, and a lot had happened since then. Therefore, they decided to write and publish The Truth Machine in 2018.
The book begins at Azraq, a refugees camp set up in the Jordanian desert for Syrian people. It explains how the United Nations’ World Food Program is implementing a blockchain solution for the fair distribution of food in camps.
In another example, the authors cite a Tel Aviv-based, blockchain-powered ride-sharing application Commuterz which, unlike, Uber, doesn’t take a 25 percent cut.
The book talks about the promise of Internet 3.0, a re-architecting of the Net to assert the core objective of decentralization. Internet 2.0 unlocked the power of social networks but also allowed first-mover companies to amass the personal data of millions and become a monopoly power.
Casey and Vigna make the case of “Blockchain for good.”
In their own words:
“Regardless of what tools are used to get there, we think society must move toward a more decentralized, digital, and ultimately self-sovereign model of identity.”
Michael Casey and Paul Vigna, Authors of The Truth Machine: The Blockchain and the Future of Everything
It’s an interesting read!
Blockchain Basics: A Non-Technical Introduction in 25 Steps
While there are many books which are primarily focused on the expected economic impact of blockchain technology.
To understand these specific blockchain applications, evaluate business cases, or its economic impact, a sound conceptual understanding of the technical foundations of blockchain is necessary. Blockchain Basics does an excellent job of providing this.
As author Daniel Drescher says, “The book is deliberately agnostic to the application of the blockchain.“
This is a welcome approach. All the technical concepts of the blockchain such as – transactions, hash values, cryptography, data structures, peer-to-peer systems, distributed systems, system integrity, and distributed consensus are explained. And they are explained in an easy to understand way that does not involve mathematics and formulas!
The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
With the foreword written by the Ethereum founder Vitalik Buterin, it shows that someone well connected in the industry authored this book.
William Mougayar is a prolific researcher, writer, thought leader, and a blockchain business thinker. He has 34 years of experience in the technology sector.
Mougayar has been at the frontiers of business and the technology space. When he first heard about blockchain, he was apprehensive of its impact.
However, now Mougayar categorically believes that soon, the adage “Is it in the database?” will be replaced by “Is it on the blockchain?”
One salient feature of this book is that the basic concepts have been represented pictorially and graphically.
This book is a must-read if you want to learn about blockchain technology from the perspective of a business practitioner.
Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World
Don Tapscott is the CEO of Tapscott Group and the co-founder and Executive Chairman of the Blockchain Research Institute.
He has (co)authored sixteen books on the application of technology in business and society.
His son, Alex Tapscott is a globally-recognized writer, speaker, investor, and advisor focused on the impact of emerging technologies, such as blockchain and cryptocurrencies, on business, society, and governments.
Tapscott father-son duo states that in the present form:
“We have these ‘Trust intermediaries’ in the form of Banks, Governments and big tech companies who confirm our identities and enable us to transfer assets; they clear and settle transactions and keep a record of these transfers. But their vulnerabilities are becoming apparent. We need a new way forward.”
Tapscott father-son duo, Authors of Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World
Interestingly, they wanted to put the title as ‘The Trust Protocol.’
After reading this book, you will understand the importance of identity and the end of digital feudalism. Right now, we are casually handing over our data to big tech companies that monetize on it.
If we want to take control of our identities and personal data, blockchain technology is the way forward, says Tapscotts.
As the book mentions, we are witnessing one of the largest transformations of wealth in human history, from paper-based analog assets to digital ones.
Life After Google: The Fall of Big Data and The Rise of the Blockchain Economy
I have saved the best for last!
If you want a book which will drastically change your world-view, this is it!
And why is that?
George Gilder is a prophetic visionary. He is an investor, writer, economist, and techno-utopian advocate. The author of over 17 books, most of his work beautifully enmeshes technology, economics, philosophy, and everything in-between written from a philosophical angle.
He wrote the “bible” of the Reagon revolution-the bestseller Wealth and Poverty.
By writing Microcosm, he predicted how the silicon chip would change our society – well, it did.
He also wrote Life After Television (1990) and Telecosm (2001) predicting the effect of ‘the infinite bandwidth’ in the near-future world.
He wrote The Scandal of Money in 2016, launching a scathing attack on the Federal Reserve, ‘Too-big-too-fail banks,’ the US government, and Wall Street.
From Claude Shannon’s information theory and Google-marxism to the forthcoming “cryptocosm,” you will find this book intensely in-depth and enriching.
Gilder posits that Google’s business model is not sustainable. The book points out that the rise of Google is the apogee of centralization.
Therefore, according to Gilder, the antidote comes in the form of the emergence of blockchain technology which will bring a new information architecture for a globally distributed economy – a sort of, as Gilder puts forth – “Cryptocosm.”
Give it a read!
I hope you enjoyed my list of the best books out there on crypto and blockchain. Reading any of these for the first time is guaranteed to increase your knowledge, even if you already consider yourself an expert in the space. And with these books available as hard copies, ebooks, or audio files, there’s no reason not to enjoy them.