Technology Crypto inventor Satoshi Nakamoto is "a risk for Bitcoin"
Cost of a single Bitcoin exceeds $50,000 for first time
SILVER SPRING, Md. (AP) — The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. The price of Bitcoin has risen almost 200% in the last three months and its volatility was on display Tuesday. After rising above $50,600, it fell back to $48,674 at 2:15 p.m. ET. At that price, with about 18.6 million Bitcoins in circulation, Bitcoin has a market value of nearly $907 billion.Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment.
The crypto trading platform Coinbase sees Satoshi Nakamoto as a substantial risk for Bitcoin. The company announced this in its application for initial listing with the US Securities and Exchange Commission.
Coinbase, crypto trading platform from the US state of California,and has submitted its securities prospectus for it. Various mandatory information must be made therein. Among other things, the business figures are communicated.
This also includes the presentation of substantial risks so that potential investors can get an idea of what they can do to make an informed investment decision.
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At this point, Coinbase identifies a corporate risk that will surprise many prospectus readers. Because none other thanCoinbase sees these risks in the person of Nakamoto's. considers Coinbase to be a danger. This is what the reports.
If the identity of the pseudonymous person or persons who developed Bitcoin were discovered, this could lead to massive upheavals. If Nakamoto also transferred its Bitcoins, it could destabilize the entire market, Coinbase says.
The extent to which the disclosure of the identity of the crypto inventor should have massive effects does not seem understandable at first glance. The concerns are primarily related to the psychological aspect that if Nakamoto's entire Bitcoin inventory could be assigned to a specific person, the actually decentralized approach of the cryptocurrency would feel to collapse.
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It quickly becomes clear that the transfer of his or her bitcoins could lead to a destabilization of the market. After Nakamoto was the first miner ever and the mining went relatively quickly at first, he is assigned a share of the total of around 21 million possible Bitcoin of over one million. If Nakamoto were to throw more than a million Bitcoin onto the market in one fell swoop, a collapse in the price would not be entirely unlikely. It should be noted that currently only around 18.5 of the total of 21 million Bitcoin have already been mined.Who is Satoshi Nakamoto?
Nakamoto is said to have accompanied the development of Bitcoin from 2008 to 2011 and then withdrew from the project. In the meantime, there has been repeated speculation about the identity of the Bitcoin inventor.
In 2016, Australian entrepreneurclaimed to be Nakamoto. After the FBI became interested in him too, Wright backed down.
Mark Cuban wants to become US president - if Bitcoin rises to 1 million US dollars
In a recent tweet, self-made billionaire Mark Cuban announced that he would run for the office of US president when Bitcoin which has reached $ 1 million. In the past, the investor was critical of Bitcoin. © Provided by Finances.net DANIEL ROLAND / AFP / Getty Images • Mark Cuban wants to be US President if Bitcoin hits $ 1 million • JPMorgan analysts expect Bitcoin to rise to $ 146,000 • Cuban is critical of Bitcoin In a tweet, self-made billionaire and owner of the professional basketball tea
In 2015, thedeclared Bitcoin developer Nick Szabo to be Nakamoto. Szabo had already developed a crypto currency called "Bit Gold" in the 1990s. Linguists had also looked at documents attributed to Nakamoto and documents by Szabo as early as 2014 and discovered so many similarities in them that they were sure that Szabo was Nakamoto. He simply explained that he wasn't, but thanked him for the suspicion.
Thecontains a total of thirteen names of people to whom the identity should already be assigned. Among them is .
Elon Musk was declared Nakamoto in a blog post by former SpaceX employee Sahil Gupta in 2017. Using his favorite medium, Twitter, he clearly rejected the assumption and described it as untrue. Although he has parts of a Bitcoin somewhere, he doesn't even know where.
Not true. A friend sent me part of a BTC a few years, but I don’t know where it is.- Elon Musk (@elonmusk)
Meanwhile, Musk's indifferent stance towards Bitcoin has changed drastically. After all, as Tesla boss he has already boughtthis year. Bitcoin, which fluctuated around $ 10,000 in 2017, is now at $ 47,000 and had already prepared to hit the $ 60,000 threshold.
Why Are Bitcoin Supporters Giving Themselves Laser Eyes? Wyoming Senator Joins Trend .
It's not entirely clear where the meme started, but it's spread quickly among crypto holders.One of the people who appears to have caught many people's attention by adding glowing red over her eyes was Wyoming Senator Cynthia Lummis. The Republican's profile photo seems relatively normal save for the red laser eyes seemingly pasted over her own. A Daily Beast reporter tweeted that a Lummis staffer said that it was "a cryptocurrency thing," but did not expand on what exactly it meant.