Fun

Bitcoin Groupies Call Bullsh*t on 'Fraudulent' Satoshi Reveal

News Feed - 2019-08-19 02:08:55

TwitterFacebookLinkedInThe Bitcoin community has a one-word response to the claim that Satoshi Nakamoto will reveal his true identity this week: "bullsh*t!" | Source: Shutterstock. Image Edited by CCN.


By CCN Markets: The handful of Bitcoin fans who are still begging for the “real” Satoshi Nakamoto to please stand up may get their wish as early as today.


However, most of the crypto community isn"t getting worked up.


They’re in no mood to be punked."Satoshi Nakamoto" to Reveal "True" Identity


CCN reported that blockchain company Satoshi Nakamoto Renaissance Holdings would unveil the identity about the shadowy Bitcoin creator in three installments, beginning on Sunday at 4 pm ET and culminating on Tuesday.Mystery 'Satoshi Nakamoto' Claims He's Hodling $10 Billion in Bitcoin https://t.co/Vh1kUdA6Sf


— CCN Markets (@CCNMarkets) August 17, 2019




This company is shrouding its three-day reveal in what it says is a transformational rebirth of Bitcoin. At the grand finale, the "real" Satoshi claims he, or she, will unveil a project called Tabula Rasa, a "clean-slate vision for Bitcoin’s transformational rebirth."


The sentiment seems to be that this is just a PR stunt, with one Twitter user joking that PR stood for "pump request."To be clear, PR here is Pump Request, not Pomp Request or Pull Request.


— Yang Ventures (@YangVentures) August 17, 2019


Bitcoin community"s reaction: "Yeah, right!"


The rolling of the eyes quickly began after Satoshi"s PR handlers said they would be revealing the details about the real Bitcoin creator.


The crypto community is a cynical one, so it’s going to take more than saying, “It’s me!” to convince its members. The company states it’s going to vindicate its bombshell claims with proof.


However, the crypto community demands very specific proof that few believe we will ever see. According to Charlie Lee, anything short of a message signed by the Genesis key would be "fraudulent."Satoshi Nakamoto brought to the world an open-source, decentralized, trustless, censorship-resistant currency based on math and cryptography.


If Satoshi wanted to reveal himself, he would sign a message with the genesis key. Anything short of that is most likely fraudulent.


— Charlie Lee [LTCâš¡] (@SatoshiLite) August 17, 2019




The Litecoin creator also tweeted some underhanded criticism at the other self-proclaimed Satoshi, Craig Wright:If I was Satoshi, I wouldn't be able to watch people claim Bitcoin Cash is the real Bitcoin and follows Satoshi's vision. Or watch someone claim to be Satoshi, but then use patents and lawsuits to make his point.


— Charlie Lee [LTCâš¡] (@SatoshiLite) August 17, 2019




Others alleged you didn"t even need to see the "proof" to know the whole saga is just a scam.Clearly another one trying to push its own bitcoin version, bitcoin renaissance.


Let's hope the scam is obvious enough so not to many people fall for it.


— TenaciousC (@T3naciousC) August 18, 2019


Satoshi reveal won’t end debate


The company is supposed to reveal details about Bitcoin"s mysterious creator, including why he hasn"t touched his $10 billion worth of  BTC.


No matter what’s revealed, it’s unlikely to put an end to the debate. Crypto folks are typically not gullible, and they guard the crypto turf fiercely against scammers.


It’s going to take a lot more than a three-day event to move them. Tune in at the company"s website for more information - but prepare to get punked.


This article is protected by copyright laws and is owned by CCN Markets.Bitcoin satoshi nakamoto

News Feed

SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Q2 earnings: AI sector enters flat spin as consumer disinterest in chatbots intensifies
Tristan Greene5 hours agoQ2 earnings: AI sector enters flat spin as consumer disinterest in chatbots intensifiesDespite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.465
Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025
Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025 Regulations governing tokenized deposits and crypto assets are like
Spot Bitcoin ETFs Draw Over $2 Billion Inflows As Ethereum ETFs Turn Green Again – Details
Este artículo también está disponible en español. The US-based spot Bitcoin ETFs produced a magnificent performance in the past week recording $2.1 billion in net inflows
Fidelity Plans Hiring Spree to Expand Crypto Services to Include Ethereum Trading and Custody
Fidelity Plans Hiring Spree to Expand Crypto Services to Include Ethereum Trading and Custody Fidelity is planning a hiring spree to add ether trading and custody services to its c
XRP Will Hit $2.13 Before A Correction – Analyst Predicts Bullish Rally
Este artículo también está disponible en español. XRP is trading just below the critical $2 mark, a level that served as the local top during the 2021 bull cycle. The pri
Amaka Nwaokocha32 minutes agoBinance conducts 11th LUNC burn, 2.65 billion tokens destroyedThe Terra Classic burn mechanism automatically burns tokens whenever a transaction occurs on the network.334 Total views1 Total s
US Senators Urge Facebook to Discontinue Crypto Wallet Pilot Citing ‘Insufficient’ Ability to Keep Consumers Safe
US Senators Urge Facebook to Discontinue Crypto Wallet Pilot Citing "Insufficient" Ability to Keep Consumers Safe A group of U.S. senators has asked Facebook CEO Mark Zuckerberg to
Market Update: Crypto Assets Slowly Gather Gains, Bitcoin Needs Capital Inflow, ADA Jumps 85%
Market Update: Crypto Assets Slowly Gather Gains, Bitcoin Needs Capital Inflow, ADA Jumps 85%Cryptocurrency market prices have improved a great deal since our last market update, as
Coachella and OpenSea launch NFTs with music festival utility and keepsakes
Savannah Fortis6 hours agoCoachella and OpenSea launch NFTs with music festival utility and keepsakesCoachella, one of the world’s largest music festivals, revealed a new partnership with OpenSea that will turn NFTs in
Bitpay Statistics Show the Use of Bitcoin for Payments Is Dwindling
Bitpay Statistics Show the Use of Bitcoin for Payments Is Dwindling The use of bitcoin as a digital currency for payments has gone down significantly, according to the numbers stem
Best Crypto to Buy After Top Analyst Says US Bitcoin Reserve Could Increase Crypto Adoption
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu