In a sequence of social media posts, Lyn Alden has shed light on the enigmatic identity of Satoshi Nakamoto.
Alden is clear that Nakamoto's anonymity is a crucial element that strengthens Bitcoin's foundational principles.
"Bitcoin was built as an open source decentralised project to survive regardless of who the creator was," Alden revealed.
The central idea of Bitcoin doesn't hinge on the known identity of its creator, Nakamoto.
Alden argues that this anonymity lends more credibility to Bitcoin.
"The departure and the absence of the creator only made it more decentralised since it removed any sort of ultimate authority, and it iterated from there," Alden says.
Alden applauds Nakamoto for bringing the Bitcoin white paper into the world and keeping it stable with updates for the first two years.
There's an absence of a puppet master pulling the strings, and according to Alden, that's a good thing.
"Even if Satoshi is the The National Security Agency, people should have evidenced it by now. A man can be killed, embarrassed, or shown to be weak. An idea lives on and becomes a legend or a god. It’s his material that matters," she notes.
"People often say Bitcoin is a religion, negatively. But really, parts of it are a religion, or at least a movement. If it gets just 27 million adherents, it’s arguably specific religion #6," Alden elucidates.
Despite chatter linking Nakamoto with the U.S. National Security Agency, Alden is sceptical.
After all, if your grandma's secret pie recipe remained undisclosed for years, would you suddenly think the CIA must be involved? Probably not.
Other figures have been speculated to be Nakamoto, even Elon Musk, but for Alden, it's the idea, not the individual, that counts.
Following Grayscale's legal win over the SEC, momentum for Bitcoin ETFs has surged, with industry heavyweights like JPMorgan, Bloomberg Intelligence, Cathie Woods, and Mike Novogratz all signaling increased regulatory receptivity.
SEC Chairman Gary Gensler confirmed that multiple ETF proposals are under review.
In a pivotal development, Bloomberg's Senior ETF Analyst Eric Balchunas highlighted that BlackRock's iShares Bitcoin Trust has been listed on the DTCC's website with the ticker iBTC, a key milestone indicating potential government approval.
While this doesn't guarantee a green light from U.S. regulators, it's a strong sign that BlackRock is bullish about its ETF's prospects.
Image: Coinbase UTC+8 5:30pm
Financial data suggests Nakamoto owns at least 1.1 million Bitcoin.
Alden does not consider this or the rampant speculations around Nakamoto's identity to be of real import.
Lyn Alden’s stance: Let the mystery be, for it only adds to Bitcoin's strength and allure.
Bitcoin and Ethereum surges led to over $260 million in market liquidations, mainly short positions. Bitcoin broke $67,000 resistance, aiming for $70,000. Ethereum hit $3,600, driven by ETF speculation. Total liquidations hit $328.73 million, boosting the bullish trend.
Xu LinA notable Bitcoin transfer worth $231.45 million to Kraken has drawn significant attention. The sender, "bc1qc," with a brief transaction history, still holds 20,282 BTC valued at $1.44 billion. Such large transfers often signal potential sales, but Bitcoin's price remains stable above $70,000, reflecting strong market confidence.
Xu LinBitcoin surges 7%, nearing all-time highs globally. Record peaks reached in Asian and South American countries amidst economic challenges. Short position liquidation hints at potential for new highs.
Huang BoEther surged close to 20% within 24 hours, driven by fresh speculation from analysts. Despite months of prevailing pessimism, it was suggested that spot Ether ETFs might receive approval this week.
CatherineBitcoin faces resistance at $66,000 while small wallets sell off, but larger investors accumulate, reflected in negative exchange netflow. Price struggles around $66,700 with support at $64,000.
EdmundBTC surges 6.6% as 27,975.21 BTC ($1.9 billion) leaves exchanges. Coinbase Pro and Binance lead the withdrawals. Positive sentiment prevails despite mixed exchange movements. Bitcoin investment products attract inflows, while new whales accumulate around $60,000, signaling confidence in BTC's outlook.
Xu LinInstitutional investors turn to Bitcoin and select altcoins amid CPI data and SEC's Ethereum ETF decision anticipation. Bitcoin dominates inflows, while altcoins like Chainlink, Cardano, and Solana also gain attention. Regional trends show the USA and Switzerland leading in fund inflows.
Xu LinAndrew Tate plans to ditch fiat for Bitcoin, investing $100 million in the cryptocurrency due to frustrations with traditional banking and inflation concerns. El Salvador's bold adoption of Bitcoin as legal tender, coupled with its innovative mining methods using volcanic power, showcases a growing trend towards digital currencies and renewable energy in the global financial landscape.
AnaisTether's $1 billion minting boosts Bitcoin's surge, hitting $73,000. Institutional ETF investments and technical analysis signal a bullish trend, propelling Bitcoin towards new highs.
Huang BoInstitutional investors flock to Bitcoin ETFs, while retail investors stay cautious amid market volatility and FTX collapse aftermath.
Huang BoCorrespondence between Satoshi Nakamoto and his earliest collaborator Martti Malmi was released. These include Satoshi Nakamoto’s efforts to support early Bitcoin developers, his anxiety about developing Bitcoin use cases, and his prescient opinions on things like block size and energy consumption.
JinseFinanceWright’s lawyers countered that the Cryptocurrency Open Patent Alliance could not provide direct evidence that Wright was not Satoshi Nakamoto.
JinseFinanceThe potential approval of spot Bitcoin ETFs raises concerns aligned with Satoshi Nakamoto's original vision. The compromise on decentralization, increased financialization, custodial risks, regulatory dependence, and market speculation might lead Nakamoto to express disappointment in the evolution of Bitcoin's purpose.
BerniceAccording to recently implemented regulations by the IRS, any Crypto asset transaction over $10,000 must be reported.
JinseFinanceDr. Craig Steven Wright, who asserts to be the Bitcoin inventor Satoshi Nakamoto, will present his case in a UK court.
BeincryptoThe legend of Satoshi Nakamoto lives on. A bitcoin enthusiast that goes by Jim Blasko claims to have found “the lost Bitcoin v0.1 raw data and files.”
BitcoinistGBBC CEO highlighted the need for women representation on the crypto trading side, and claimed “Bro culture” is prevalent in the trading ecosystem.
CointelegraphThe real identity of Satoshi Nakamoto remains a mystery but their brainchild, Bitcoin, has gone on to achieve wonderful things ...
BitcoinistAndrás Győrfi said: "No matter who he or she is, Bitcoin creates value, and especially the technology behind Bitcoin-blockchain creates value."
CointelegraphA fiat-banned crypto island in the South Pacific is making waves: Modular homes under construction, NFT citizenship applications and the promise of a decentralized future.
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