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Bitcoin Inventor Satoshi Nakamoto Could Actually Be Group From Europe

samzenpus posted about 10 months ago | from the we-are-legion dept.

Bitcoin 186

An anonymous reader writes "Bitcoin creator Satoshi Nakamoto could be a group from Europe which has a strong footing in the financial sector. From the article: 'Josh Zerlan, the Chief Operating Officer of Butterfly Labs and a person familiar with the Bitcoin network, has said it is highly likely that Nakamoto could be a group of people working the financial sector. Speaking to IBTimes UK on the sidelines of a Global Bitcoin Conference in Bangalore, India, Zerlan said: "One of the prevailing theories, I think has credibility, is that it was some group of people from financial sector that created this. They released it and stepped back and let it go. So, Satoshi Nakamoto is a group of people, I think, is a reasonable possibility."'"

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Happy Monday from The Golden Girls! (-1)

Anonymous Coward | about 10 months ago | (#45704295)

Thank you for being a friend
Traveled down the road and back again
Your heart is true, you're a pal and a cosmonaut.

And if you threw a party
Invited everyone you knew
You would see the biggest gift would be from me
And the card attached would say, thank you for being a friend.

Re:Happy Monday from The Golden Girls! (-1)

Anonymous Coward | about 10 months ago | (#45704507)

i would seriously lick the sweat of betty white's testicles.

I am Satoshi Nakamoto (0, Troll)

Anonymous Coward | about 10 months ago | (#45704297)

and the only one.

Re:I am Satoshi Nakamoto (1)

ArcadeMan (2766669) | about 10 months ago | (#45705095)

No, *I* am Spartacus!

Ummm (1)

Anonymous Coward | about 10 months ago | (#45704311)

Bitcoin Inventor Satoshi Nakamoto is Anonymous-style Cell from Europe

Anonymous-style??? Slightly biased headline designed to increase FUD about bitcoins.

I am ... (2, Funny)

Anonymous Coward | about 10 months ago | (#45704317)

Satoshi Nakamoto

Re:I am ... (2)

CanHasDIY (1672858) | about 10 months ago | (#45704491)

No, I am Satoshi Nakamoto.

Re:I am ... (2)

billcarson (2438218) | about 10 months ago | (#45704559)

There is a bit of Satoshi Nakamoto in all of us.

Re:I am ... (3, Funny)

Anonymous Coward | about 10 months ago | (#45704671)

His name was Robert Paulson. Check the blockchain.

Re:I am ... (0)

Anonymous Coward | about 10 months ago | (#45705003)

I knew I shouldn't have gotten drunk at that party...

Re:I am ... (2)

pregister (443318) | about 10 months ago | (#45705777)

Michael J Fox has absolutely no Satoshi Nakamoto in him.

Or.. (5, Funny)

Errol backfiring (1280012) | about 10 months ago | (#45704335)

Then again, it could be not. Interesting. I think I have had my number of conspiracy theories for today.

We already know who created Bitcoin (0)

Anonymous Coward | about 10 months ago | (#45704737)

"Nick Szabo"

Re:We already know who created Bitcoin (1)

oodaloop (1229816) | about 10 months ago | (#45705641)

"Nick Szabo" is also a group of people.

SPECTR, LLC. (3, Funny)

goombah99 (560566) | about 10 months ago | (#45705821)

Duh... It's a subdvision of the Keyser Söze Group in the W.A.S.T.E operations department of Illuminatus holdings conglomerate. A few years ago they had a hostile take over bid from KAOS but the man UNCLE subverted it.

Hey, let's speculate! (5, Insightful)

i kan reed (749298) | about 10 months ago | (#45704337)

Rather than engage in actual tech news, let's speculate wildly(second guess in as many weeks) on the identity of someone who explicitly wanted to remain anonymous, and who has committed no crimes. That sounds like a grand engagement in journalistic credibility.

Anyone who really wanted to could find out my identity, but I wouldn't want them to start posting about their ideas as major headlines.

Re:Hey, let's speculate! (1)

iggymanz (596061) | about 10 months ago | (#45704355)

some governments might in fact decide bitcoin is a crime

Re:Hey, let's speculate! (2)

dugancent (2616577) | about 10 months ago | (#45704405)

The fact that none has makes your speculation as bad the author of this article.

Re:Hey, let's speculate! (0)

Anonymous Coward | about 10 months ago | (#45705537)

Whooooooosh.

Re:Hey, let's speculate! (1)

i kan reed (749298) | about 10 months ago | (#45704421)

And only the most backwards of government would make that an ex-post-facto offense. The creator would still have committed no crime.

Re:Hey, let's speculate! (0)

Anonymous Coward | about 10 months ago | (#45705369)

some governments might in fact decide bitcoin is a crime

Some governments might in fact decide the quote above is a crime. What's your real name?

Re:Hey, let's speculate! (5, Insightful)

Anonymous Coward | about 10 months ago | (#45704477)

Without some actual evidence other than just conjecture at a coffee klatsch, there are a lot of parties who could be the BitCoin creator.

Lets check facts:

1: It is someone clued in cryptography. This is very rare because most crypto implementations on virtually anything are very basic

2: It is someone who is clued with regards to the financial sector, perhaps has a lot of coins mined and stashed aside when it took just a CPU to mine them as opposed to ASICs.

3: It is someone who can code, code well, and distribute things out anonymously.

After those three items, it could be anyone, and suspicions could be anywhere.

In any case, the party who made BitCoin is filthy rich, and will only get more so by an exponential margin as time progresses, BitCoins get lost forever, and no new ones are mined.

Re: Hey, let's speculate! (1)

Anonymous Coward | about 10 months ago | (#45705047)

I think the first several hundred or thousand bitcoins have remained untranferred to this day. So the first miners have not cashed out and are not rich.

Re: Hey, let's speculate! (2)

tompaulco (629533) | about 10 months ago | (#45705729)

Wait, so if you have a million dollars worth of bitcoin you are not rich because yo have not converted it to another currency? If you have $1 million worth of gold that you have not sold are you similarly not rich? If you have $1 million worth of stocks that you have not sold are you similarly not rich?

Re:Hey, let's speculate! (1)

G3ckoG33k (647276) | about 10 months ago | (#45705379)

Those facts make it sound like some "Anonymous Coward" on Slashdot. What if we all are suspects here at Slashdot?

Re:Hey, let's speculate! (0)

Anonymous Coward | about 10 months ago | (#45704515)

How do you know he's committed no crimes? He wants to remain anonymous. Why? While there's all sorts of virtuous reasons why, there is just as likely all sorts of illegal reasons why. There are excellent hackers in the private and criminal sector in Russia; Bitcoin could facilitate money laundering. There are some highly skilled technical people working for AQAP or any of the other franchise groups; perhaps Bitcoin has been used to fund terrorism. Or he could just be a guy who wants to remain anonymous and let his creation develop an identity that doesn't affect him personally. No one knows anything, so it quite literally could be anything.

Re:Hey, let's speculate! (1)

i kan reed (749298) | about 10 months ago | (#45704543)

Committed no crimes under that Pseudonym. God damn are you petulant.

Re:Hey, let's speculate! (1)

Anonymous Coward | about 10 months ago | (#45704817)

BitCoin has been out for a while now, but since the rannsomware guys have started using it, the value has gone up exponentially.

I wouldn't be surprised that this is a currency that is meant to replace e-Gold as a way for moving ill-gotten gains around. Yes, blockchains are public, but wallets are anonymous, and if a wallet sits untouched for seven years, then it is likely outside the statute of limitations for almost all criminal action, and the value of the coins have likely gone up by a hundredfold as people add real value to the currency.

From there, all it takes is a single exchange of BitCoins to another currency and back, and any attempts at finding the blockchain's end will be for naught.

Re:Hey, let's speculate! (-1)

Anonymous Coward | about 10 months ago | (#45704593)

Adrian Cline
222 East Bland Street #167
Charlotte, North Carolina
(919) 619-8533

Re:Hey, let's speculate! (0)

Anonymous Coward | about 10 months ago | (#45704703)

Bruce Schneier insists he had nothing to do with Bitcoin.

And even if he did, it's not something that he finds very interesting.

Re:Hey, let's speculate! (2)

gutnor (872759) | about 10 months ago | (#45704753)

Not saying it is not garbage journalism, but there is an unidentified guy with a fortune estimated to 1.8 trillion dollar. Much more if bitcoin takes over, up to 5% total Earth Wealth in the unlikely scenario of bitcoin becoming the world currency. I wonder why there is not much more article trying to track him down considering we live in a world that has a fetish for famous people.

Re:Hey, let's speculate! (2)

i kan reed (749298) | about 10 months ago | (#45704891)

I have no love for bitcoin, but if you invent something that replaces the entire world money supply, then you've done something pretty useful.

Re:Hey, let's speculate! (1)

war4peace (1628283) | about 10 months ago | (#45705335)

Can't compute. Please review your data, it's wrong.

Re:Hey, let's speculate! (1)

Ralph Wiggam (22354) | about 10 months ago | (#45705805)

there is an unidentified guy with a fortune estimated to 1.8 trillion dollar

There are 12M bitcoins in existence, with a total value around $10B. So where are you getting $1.8T?

Re:Hey, let's speculate! (4, Funny)

roman_mir (125474) | about 10 months ago | (#45704813)

Let's speculate! I think Satoshi Nakamoto is actually a space alien, who introduced the Bitcoin on this planet in order to run his personal intergalactic ponzi scam. Bitcoins are just a tip of the GAWAY group (Galaxy Way), next thing you know, you are peddling your kidneys in the back alleys in exchange for Bitcoins, which you are promptly exchanging for the next dose of Jupiter III Moonshine dust so you can snort it off the back of a three legged blue-skinned tentacle'd hooker with tits for ears. Of-course you have to sell sell sell, that's the GAWAY, and so you have to try and pull your relatives into it, friends, friends of relatives, relatives of friends, relatives of relatives of friends' friends. Either they'll all become part of GAWAY or you will find yourself without any of those categories of people around you.

Re:Hey, let's speculate! (1)

khallow (566160) | about 10 months ago | (#45705795)

I think Satoshi Nakamoto is actually a space alien, who introduced the Bitcoin on this planet in order to run his personal intergalactic ponzi scam.

I agree! It's pretty clear that humans of this period of history simply didn't have the technology or intelligence to do what Bitcoin does. It has to be aliens!

Re:Hey, let's speculate! (0)

Anonymous Coward | about 10 months ago | (#45705315)

Slashdot: Rumours for nerds, stuff that annoys.

Re:Hey, let's speculate! (4, Funny)

Charliemopps (1157495) | about 10 months ago | (#45705789)

My wild theory is that it's the NSA.

See you take the name: satoshi nakamoto
rearrange the letters and you get: ha! NSA is tomatos ok?
and tomatoes are green like MONEY! most of the year.

Ah yes, Josh (5, Informative)

Anonymous Coward | about 10 months ago | (#45704351)

Josh Zerlan/Inaba, noted whiz-kid who runs one of the most fly-by-night ASIC companies, and who curses out his customers and insinuates things about their sexual proclivities rather than provide actual customer service. A highly-qualified individual to be speaking on the topic of Bitcoin, surely.

Re:Ah yes, Josh (2)

dirtaddshp (1188189) | about 10 months ago | (#45704707)

+1!!!

Re:Ah yes, Josh (2)

kaizendojo (956951) | about 10 months ago | (#45705007)

Can you differentiate your accusations from what you accuse him of by included some citations. Not saying you're lying, but it would help your argument to provide some info to those of us unfamiliar with your claims. Otherwise it's no better than TFA.

Re:Ah yes, Josh (0)

Anonymous Coward | about 10 months ago | (#45705147)

Did you google:

"Josh Zerlan" crappy service
"Josh Zerlan" butthurt
"Josh Zerlan" scam

?

I am Satoshi Nakamoto. (1, Insightful)

Anonymous Coward | about 10 months ago | (#45704357)

I'm pretty sure this worked out for Spartacus...

Re:I am Satoshi Nakamoto. (4, Insightful)

dpilot (134227) | about 10 months ago | (#45704455)

> I'm pretty sure this worked out for Spartacus...

Not really - it seemed to backfire on everyone who said it.

The Laughing Man (1)

Anonymous Coward | about 10 months ago | (#45704367)

Everyone has a theory on who he might be, but he might not even exist at all.

Compelling Evidence... (1)

Anonymous Coward | about 10 months ago | (#45704371)

Wow he sure offers some compelling evidence there... Oh wait, no he doesn't.

I think Santa Clause is Satashi Nakamoto.

What on Earth is going on. (0)

Anonymous Coward | about 10 months ago | (#45704379)

Who are you, and where is my beloved slashdot dot org. Everyone knows bitcoins were invented by Leeeeeeeeeroy Jenkins!

Re:What on Earth is going on. (0)

Anonymous Coward | about 10 months ago | (#45704763)

Heh, I see another victim met Mr. Beta.

Well, this can only help consumer confidence (0)

Anonymous Coward | about 10 months ago | (#45704381)

"Hey, there's this really great thing called Bitcoin that you should use and/or invest in. Here's some literature on it."
"Wow, it sounds cool! Who invented it?"
"Uhhhh...."

Re:Well, this can only help consumer confidence (0)

Anonymous Coward | about 10 months ago | (#45704445)

The inventor doesn't matter if the math checks out. If you can't understand this, perhaps, just maybe using bitcoin as an investment tool isn't for you.

Also its not hard to explain to people that it was developed under an anonymous pseudonym, most educated people understand and are familiar with this concept. Only a moron like yourself just says "Uhhhh..." like the mouth breather you are.

Re:Well, this can only help consumer confidence (1)

jones_supa (887896) | about 10 months ago | (#45704819)

"Hey, there's this really great thing called Bitcoin that you should use and/or invest in. Here's some literature on it."
"Wow, it sounds cool! Who invented it?"
"Uhhhh...."

It's not that big deal. How many can name the inventor of PayPal off the top of their head, for example? Engineering is a thankless job...

Re:Well, this can only help consumer confidence (2)

LordLimecat (1103839) | about 10 months ago | (#45705547)

Elon Musk

Three Men (4, Funny)

Anonymous Coward | about 10 months ago | (#45704389)

Three men can keep a secret if two of them are dead.

so if im reading this correctly, (0)

Anonymous Coward | about 10 months ago | (#45704417)

the article is implying that satoshi nakamoto could be a group of people from the financial sector. this is just my initial takeaway.

As always (4, Interesting)

nospam007 (722110) | about 10 months ago | (#45704427)

The olde 'The idea is so clever, it must have been one of us'-Syndrome.

Again and again and again (5, Insightful)

Threni (635302) | about 10 months ago | (#45704433)

"Bitcoin creator Satoshi Nakamoto could be a group from Europe which has a strong footing in the financial sector....could be a group of people working the financial sector.... some group of people from financial sector that created this...Satoshi Nakamoto is a group of people, I think"

Pointless random guesswork aside, why do journalists feel the need to say the exact same thing 3 to 5 times in the first few paragraphs? Once is enough, surely?

Re:Again and again and again (0)

Anonymous Coward | about 10 months ago | (#45704517)

Maybe they want to get on CNN?

Re:Again and again and again (4, Informative)

Actually, I do RTFA (1058596) | about 10 months ago | (#45705033)

Pointless random guesswork aside, why do journalists feel the need to say the exact same thing 3 to 5 times in the first few paragraphs? Once is enough, surely?

According to my journalist friend, it's how they were taught. The headline, the first paragraph and then the first... I forgot how much, are each supposed to be readable to get the story in various depths of knowledge. Newspapers have been accounting for TL;DR since long before the Internet.

Re:Again and again and again (0)

Anonymous Coward | about 10 months ago | (#45705109)

It was intentional dilution. Saying it "could be" or "I think" once suggests 0.5 probability, whereas repeating it four times overall brings it down to 0.0625.

It's probably true? (0)

Anonymous Coward | about 10 months ago | (#45704439)

Wikipedia stated that satoshi has 1 million bit coins which has are equivalent to 1 billion U.S. currency ( Sorry. Awful research source but quick read )? In that case it's plausible some bored rich people got together to make a new money making scheme. Good for them I guess? Not the first time in history. Move along. Poor people: move out of the way! Rich people coming through!!

Re:It's probably true? (3, Insightful)

mythosaz (572040) | about 10 months ago | (#45704921)

A group of people, no matter how small, keeping the fact that you're sitting on 1BN a secret? Someone's going to spill the beans to someone soon enough. Or it's one guy, and he's already rich enough that there's little temptation.

That's my wild speculation. :)

Shortest distance between Assumption and Bullshit. (0)

Anonymous Coward | about 10 months ago | (#45704469)

It's a straight up assumption based on bullshit. "Writing style" is the singly observed piece of "evidence" being interpreted.

Josh has measured rumor field strength and found it too convincing.

Re:Shortest distance between Assumption and Bullsh (1)

CanHasDIY (1672858) | about 10 months ago | (#45704525)

It's a straight up assumption based on bullshit. "Writing style" is the singly observed piece of "evidence" being interpreted.

So, if you're a narcissist who wants the world to wonder if you, too, are the real Satoshi Nakamoto, just copy "his" writing style.

Re:Shortest distance between Assumption and Bullsh (0)

Anonymous Coward | about 10 months ago | (#45705023)

I'm a narcissist, we have better ways of getting attention I think...

Even more likely (1)

Anonymous Coward | about 10 months ago | (#45704495)

It's possible that he could be a time traveling alien collective with ties to the porn industry. It's certain feasible that it is possible that it might be that that could be the case.

It certainly seems reasonable that if there was a time traveling alien collective with ties to the porn industry, that a distributed, non-material currency such as bit coin would be advantageous to them. In fact any such group that arrived before bit coin would be almost compelled to create it. So I think we can say, case closed.

Re:Even more likely (1)

idioto (259918) | about 10 months ago | (#45704821)

I know you're being funny, but aside from the porn and the alien part, but I'm curious about the time traveler aspect.

  I've been wondering this wouldn't the most likely thing to be travel back in time be information itself, since we already can send bits at near light speed already? There must be someone on slashdot who can answer this.

BFL has no credibility (1)

Anonymous Coward | about 10 months ago | (#45704511)

Josh and BFL have no credibility. If you'd said Santa Claus said this, it would carry just as much weight.

Re:BFL has no credibility (1)

Anonymous Coward | about 10 months ago | (#45704741)

Santa Claus actually delivers on time. If BFL ran Christmas, you'd get your Xmas presents next Thanksgiving. And they'd all be 2014 calendars.

I think it is Hal Finney (0)

Anonymous Coward | about 10 months ago | (#45704555)

Not only is Hal Finney one of the few cypherpunks around with the skillz to create BitCoin, he released "Magic Money" under the pseudonym "Pr0duct Cipher" about 18 years ago. I think he decided to have another go at it, even if he was engaged in a public e-mail conversation with "Satoshi" about it on the Cryptography mailing-list.

Just a wild guess, because Hal Finney is a good guy and I hope he has a lot of BTC saved up from the early days to pay for his care (he suffers from ALS.)

I never got this part of Bitcoin.. (1)

bobbied (2522392) | about 10 months ago | (#45704573)

Why did the creator(s) of Bitcoin decide to stay anonymous? I never understood the motive for that and it always struck me as a red flag.

Re:I never got this part of Bitcoin.. (1)

Kaenneth (82978) | about 10 months ago | (#45705243)

Patent Trolls.

If I ever release software it'll be as part of a large corporation, or anonymously, it's not worth the headache otherwise.

Re:I never got this part of Bitcoin.. (1)

Anonymous Coward | about 10 months ago | (#45705475)

Many reasons:

1: It was trivial to mine coins in the beginning, so a coin that cost far less than a penny in electricity is on its way to being worth $10,000 in a market that is virtually recession-proof. The reason to be anonymous is just like a lottery winner -- keep the thieves and lawsuits well away.

2: Fear of government or big bank (they usually are the same thing) reprisal. Look how E-Gold was systematically disassembled by FinCEN.

3: Patent/copyright/IP trolling. Even if someone patents 100% of what BitCoin does, it now is a game of whack-a-mole to nail the people with BitCoin software. The exchanges tend to be located in countries hostile to the US, so patent litigation wouldn't work. SOPA/POPA like laws might work, but blocking a site on the Internet can be considered an act of war (similar to a naval blockade) which was the reason the US backed off from those laws.

4: Insulation from the Internet trolls.

Re:I never got this part of Bitcoin.. (2)

PRMan (959735) | about 10 months ago | (#45705859)

Since the founders of MANY other alternative currencies have been arrested and jailed by various countries...

Find the guy sitting on the most coin (0)

Anonymous Coward | about 10 months ago | (#45704581)

That will be Satoshi Nakamoto.

Unlikely (3, Informative)

Rinisari (521266) | about 10 months ago | (#45704621)

Zerlan hasn't often been accurate in his estimates of things.

I'm not going to bother to link to these because a quick Google search can turn up the evidence.

Nakamoto registered the bitcoin.org domain on a somewhat obscure Japanese site. His communication in English had all kinds of clues that his native language was Japanese (sentence structure, word choice, etc.). He was active during daylight and evening hours in Japan.

I really wish people would stop speculating who he is. It only matters to those who can't read the code and understand that it ultimately doesn't matter, except the possibility that he may one day "come back" and have several hundred thousand Bitcoin to himself. As benevolent as he acted, it's unlikely that he'll pull a Biff Tannen [wikipedia.org] and rule the world. However, miners have the power to stop him if he tries.

Re:Unlikely (2, Insightful)

Anonymous Coward | about 10 months ago | (#45705015)

Nakamoto registered the bitcoin.org domain on a somewhat obscure Japanese site. His communication in English had all kinds of clues that his native language was Japanese (sentence structure, word choice, etc.). He was active during daylight and evening hours in Japan.

I'm playing devil's advocate here, but that could be deliberate misdirection.

Re:Unlikely (1)

jankoh (2547488) | about 10 months ago | (#45705041)

"except the possibility that he may one day "come back" and have several hundred thousand Bitcoin to himself. " According to https://en.bitcoin.it/wiki/Genesis_block [bitcoin.it] the comment in the first block should prove, that there are no previous blocks, and all block created afterwards, should be known. So there should be no surprises.

Re:Unlikely (5, Informative)

IamTheRealMike (537420) | about 10 months ago | (#45705687)

Just a few minor corrections (I had multiple private email conversations with Satoshi over a couple of years before he disappeared).

The bitcoin site was registered via an anonymous DNS registrar that specialises in anonymous speech. For a short while he also used an email account from the same service, again, a service dedicated specifically to anonymous speech. I've seen no evidence it was selected due to any links to Japan.

I don't know where you got the idea that his writing style was that of a native Japanese speaker. He never once wrote anything in Japanese or even referred to Japanese culture. His writing style was actually that of a British guy: full of British English spellings and mannerisms. Also, he timestamped the genesis block by including a headline about the British banking bailouts from The Times. That's a British newspaper that is most commonly referred to outside the UK as "The London Times" due to its rather generic name. It would be rare for an American or Japanese person to refer to it just as "The Times". Finally, his forum account was set to GMT and his posting activity was during evenings GMT.

Having worked with his code and the man himself, at least for a short while, I think Satoshi was very likely to be a single person, who lives in the UK. But that said, I've never dug any deeper because he clearly wished to have his privacy and I think it would be a sad day if Satoshi's real identity were revealed without his permission.

He built the Nakatomi building, right? (1)

Anonymous Coward | about 10 months ago | (#45704635)

Harough, Hans!

Or.... Satoshi could be the chip fabricators (0)

Anonymous Coward | about 10 months ago | (#45704637)

Think about it.

Chip fabricators get together with a brilliant plan to produce a demand for special chips by creating a fake currency that requires special chip fabrication in order to create that fake currency.

After the first round they use their fabrication profits to buy up that fake currency as a way to artificially increase the price causing an even greater demand for the fake currency leading to another round of fabrication of even faster chips.

Lather, Rinse, Repeat.

Happy Bitcoin Day! (1)

csumpi (2258986) | about 10 months ago | (#45704743)

Must be bitcoin day with all these articles popping up faster than ravioli in hot water.

lets ask Snowdon (1)

bityz (2011656) | about 10 months ago | (#45704805)

the NSA must know, therefore Snowdon must know, therefore we will know QED.

Figure out by looking at start of block chain? (0)

Anonymous Coward | about 10 months ago | (#45704807)

What addresses were used for the start of the block chain? It is likely that Santoshi would be associated with these addresses. Has anyone looked into this to see what might be figured out? You could also tell what addresses any bitcoins may have been transferred to from the very first addresses used. After all, if someone is rich by having the very first bunch of bitcoins, they eventually would need to be transferred somewhere, or to cash, to make them valuable to him.

Yeah I know... if he's smart enough (and he likely is), he wouldn't have been so stupid to leave any interesting history for the early bitcoin addresses. But, I'd start there just to be thorough.

Re:Figure out by looking at start of block chain? (1)

mythosaz (572040) | about 10 months ago | (#45704959)

The ability to face-to-face transfer wallet information makes Bitcoin's blockchain less than foolproof.

As long as I can create a number of wallets, put a bitcoin in each of them, write those wallets down on pieces of paper; I can trade them like I would cash.

I heard it was the Illumiati (1)

jandrese (485) | about 10 months ago | (#45704857)

Or maybe the Bilderberg group. Whee, it's fun to pull guesses right out of my butt while presenting absolutely no evidence whatsoever.

Another news item brought to you by the NSA (0)

Anonymous Coward | about 10 months ago | (#45704879)

There is more military propaganda than news these days.

More Likely (3, Interesting)

CheezburgerBrown . (3417019) | about 10 months ago | (#45704885)

It is probably the NSA using your hashing power to break encryption.

I make this statement knowing approximately nothing about crypto.

Re:More Likely (2)

CastrTroy (595695) | about 10 months ago | (#45705257)

Or maybe just making it cheaper/easier for themselves to do so. Because of bitcoin, we now have custom ASIC computers which can do calculations at amazing speeds. Sure the NSA could already ask someone to make machines if they needed to, but it would be much more convenient for them if the machines were commercially available.

QED (0)

Anonymous Coward | about 10 months ago | (#45704995)

> Bitcoin Inventor Satoshi Nakamoto Could Actually Be Group From Europe

1. If they are a group, they needed to communicate to collaborate effectively
2. NSA + GCHQ watches all coms in Europe
3. NSA knows who they are
4. FED tells CIA to exterminate this dangerous group who aim to topple the US dollar
5. Bitcoin project therefore never gets published
6. Point five collides with reality
7. Point six shows they were not a group from Europe

BFL??? LOL (1)

Anonymous Coward | about 10 months ago | (#45705123)

Yeah, the dude who owns BFL can say whatever the fuck he wants. BFL isn't exactly the company you want to go to for reliable information...

Case and point "Our first batch will ship in a month!"... 3 months later..... "Our first batch is still ready to ship this month!"....

Need I say more?

Hey Slashdot (1)

HetMes (1074585) | about 10 months ago | (#45705129)

How about, before posting, you scan your headlines/summaries for words like 'could', 'might, 'possibly', 'maybe', 'probably', and ask yourself whether you're posting news about stuff that matters or just speculations with some trigger keywords.

Re:Hey Slashdot (0)

Anonymous Coward | about 10 months ago | (#45705197)

How about, before posting, you notice that someone posted the exact same ("Hey let's speculate!") over an hour ago and was modded up to +5 and had many replies.

Oh you did notice. Hey, maybe your insights will be modded up too!

Al Gore did it... (1)

BenSchuarmer (922752) | about 10 months ago | (#45705265)

he doesn't want to admit it, because he's taken so much guff from people who say he claimed to have invented the internet.

Explain... (0)

Anonymous Coward | about 10 months ago | (#45705327)

how is is a news!

it could also be... (1)

knapper_tech (813569) | about 10 months ago | (#45705469)

Santa, Aliens, FSM etc. Film at 11.

bigsexyjoe's Law of Headlines (1)

bigsexyjoe (581721) | about 10 months ago | (#45705481)

If an article title contains the word "could" then you should append on the end "but it isn't", and this will render a true statement.

so... it's the Illuminati? (0)

Anonymous Coward | about 10 months ago | (#45705563)

So glad that he qualified that statement with "could be". Otherwise, we might have to take it seriously...

welcome to 2010 (1)

slashmydots (2189826) | about 10 months ago | (#45705589)

This was also discussed 3 years ago on the bitcoin forums. Good job, news people!

Bitcoin story every day (1)

Torodung (31985) | about 10 months ago | (#45705851)

Even when there's nothing to talk about, you can have a Bitcoin story on the Slashdot front page every day.

This isn't even "news for nerds," it's Usenet-style speculation for the terminally bored.

I also have a theory about it (1)

larry bagina (561269) | about 10 months ago | (#45705855)

My theory is: I don't give a shit.
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