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Amaury Sechet is the lead developer of Bitcoin ABC, a Bitcoin Cash client.

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The Truth Shall Set BCH Developer Amaury Sechet Free: “I Am Not the Real Satoshi Nakamoto”

The lead developer of Bitcoin Cash, Amaury Sechet, has now confirmed that his recent claim to be the real Satoshi Nakamoto – the name used by the original creator(s) and developer(s) of Bitcoin (BTC) – was only a trick. According to Sechet, making a declaration like that was “a demonstration of what other scammers have done.” He apparently only did that to show how easy it was for someone (like Craig Wright) to make such a claim and fool people. Co-founder and developer at Blockstream, Gregory Maxwell explained a bit earlier that too many people have effortlessly made the same frivolous claim. He said: “So, for example, a couple years ago Craig Wright claimed to ‘prove he was Satoshi’ by simply copying some pre-existing signatures out of the blockchain and posting somewhat obfuscated instructions on verifying them. It was figured out pretty quickly, but still managed to fool a lot of people– they were too caught up in the mumbo-jumbo to think of the obvious.” Sechet also has explained that his decision to make a claim to be the real Satoshi Nakamoto “takes the wind out of their sails. Craig Wright, others before him. Others will do it after.” Sechet on the Lightning Torch Initiative Amaury Sechet has spoken on the Lightning Torch initiative, highlighting the problem with it. Even though the experiment seems to have been endorsed with input from Jack Dorsey, the CEO of Twitter, Sechet says that there are other essential issues with the idea that Jack Dorsey’s contribution will not solve. Sechet, in explaining the problem with the idea has said “#LNTorch is a cool PR stunt, but ultimately someone will run with the money and there will be no way to know who took it.” Lightning Torch has absolutely no safety measures especially considering the fact that the TakeTheTorch.online website has declared that on at least one occasion, someone has tried to steal the torch. The entire thing is simply just based on trust. Sechet says: “LN is great for some use cases, but very bad as a general purpose payment system. If you run the numbers they just don’t add up. It’s foolish to bet the farm on it.” Avalanche: New Bitcoin Cash Project A new project known as Avalanche is currently being developed for the Bitcoin Cash public. Sechet says that Avalanche will change things in Bitcoin Cash community by reducing confirmation time considerably to as low as two seconds. He said “BCH is doing very good on the technical front. There is a ton of cool stuff going on, notably Avalanche, which will bring confirmation time to something like 2s…and CashShuffle, which will increase privacy.” Speaking further on Bitcoin Cash, Sechet describes the problems the Bitcoin Cash Community faced as a confirmation that they are going along the right path. He says “It seems like there is a lot of confusion out there, numerous people have made sure of that. But like in a video game, you know you are moving in the right direction when you encounter new enemies.” Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 12th)
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Exclusive: Bitcoin Cash Developer Amaury Sechet Comes Clean on Satoshi Claims

CCN finally caught up with Bitcoin Cash lead developer Amaury Sechet, who recently graced our headlines with a bit of a stunt: claiming to be Satoshi Nakamoto. Amaury Sechet: I Didn’t Create Bitcoin Obviously, this was our first question for him. Sechet says the move was “a demonstration of what other scammers have done.” To clarify, he says that Craig Wright and others have made false claims to the throne of Satoshi Nakamoto. As Gregory Maxwell once explained on StackExchange, it’s sadly easily done: “So, for example, a couple years ago Craig Wright claimed to ‘prove he was Satoshi’ by The post Exclusive: Bitcoin Cash Developer Amaury Sechet Comes Clean on Satoshi Claims appeared first on CCN
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Bitcon Cash Developer Amaury Sechet Thinks He is Satoshi Nakamoto, Bitcoin’s Creator

The Bitcoin Cash developer Amaury Sechet, who works on the Bicoin ABC implementation of Bitcoin Cash (BCH), claims to be Satoshi Nakamoto. The information was released by the developer on Twitter on February 8. I am Satoshi Nakamoto. There it is said and I can prove it:304502200fc3909c3224bc140b7aed365f33f066bd81eabedd198ad2a257882e86586ae8022100f03c6f63cddb43ebf48512c9a0cc0f97fd2cf227d22f15691d7ad65e49ddd659 — Deadal Nix (@deadalnix) February 8, 2019 Sechet and Bitcoin ABC have been considered the primary problem for the Bitcoin Cash ecosystem by the Bitcoin SV developer _unwriter. According to him, the Bitcoin Cash ABC proposal could move towards centralization in the future. In a recent stack exchange post, the Bitcoin Core developer Gregory Maxwell, explained that Craig Wright has also tried to confuse the virtual currency community claiming that he was Satoshi Nakamoto. On the matter, Maxwell commented: “So, for example, a couple years ago Craigh Wright claimed to ‘prove he was Satoshi’ by simply copying some pre-existing signatures out of the blockchain and posting somewhat obfuscated instructions on verifying them. It was figured out pretty quickly, but still managed to fool a lot of people.” There are clearly some doubts regarding Amaury Sehect’s claims. If he is Satoshi Nakamoto and he is working with Bitcoin Cash (BCH), why he just does not dump all the BTC coins that he owns? In order to really know whether Sechet is the real Satoshi Nakamoto, we will have to wait some more time. The cryptocurrency community has always been searching for an answer regarding the real identity of Satoshi Nakamoto. There have been several individuals that claimed to be Satoshi Nakamoto. However, none of them was really able to prove that they were in fact who they claimed to be. Satoshi Nakamoto created Bitcoin back in 2008 during the financial crisis that affected the whole world. Nakamoto was talking with several developers during the first months after creating Bitcoincreating Bitcoin. The last message he wrote was in Bitcointalk on December 12, 2010 but since then, there was no more official information about him or who Satoshi Nakamoto really is. We might have to wait until someone proves who this individual is and why he disappeared from the crypto community.
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Craig Wright, Move! Bitcoin Cash Developer Amaury Sechet Claims He is Satoshi Nakamoto

CoinSpeaker Craig Wright, Move! Bitcoin Cash Developer Amaury Sechet Claims He is Satoshi Nakamoto Though Bitcoin is a cryptocurrency is number 1 in the world and its name quite often is used to describe the whole class of digital assets by the wide audience, the history of its creation is still a mystery full of rumors. It is known that Bitcoin was developed by Satoshi Nakamoto. But who is he? Or maybe it’s a group of developers? Even Elon Musk was under suspicion but he denied his involvement in this project. Still, there are more questions than answers. Nevertheless, such circumstances are very favorable for impostors to amuse the public. New Satoshi Nakamoto? Almost 3 years ago, in May 2016, the community thought that the mystery could have been revealed.  It was reported that Australian entrepreneur Craig Steven Wright could be a real creator of Bitcoin. At first glance, it really seemed to be rather convincing as Wright even tried to prove his identity by posting a digital signature that had been signed by Nakamoto’s private key (at least Wright said so). However, as it was revealed a little bit later, it was not a real signature, just a copy (and frankly speaking, it was not very surprising). But now the community may take popcorn to watch a new season of this series. A new Satoshi Nakamoto has just arrived!  Please welcome him! He is a Bitcoin Cash developer Amaury Sechet. End of Mystery? Amaury Sechet, Bitcoin ABC’s self-proclaimed benevolent dictator, decided to use his Twitter account with 13K followers to disclose one of the main secrets of the crypto world. He posted a tweet that contained the words nobody expected to hear from Deadal Nix (its Sechet’s Twitter nickname). ‘I am Satoshi Nakamoto!’, tweeted he. I am Satoshi Nakamoto. There it is said and I can prove it:304502200fc3909c3224bc140b7aed365f33f066bd81eabedd198ad2a257882e86586ae8022100f03c6f63cddb43ebf48512c9a0cc0f97fd2cf227d22f15691d7ad65e49ddd659 — Deadal Nix (@deadalnix) February 8, 2019 To sound weightier, he even used several tweets to show how serious he is. The hash of the message is 69ea465fc5f924b61dd51514617a8f2118bc1363c7a91a249d1ac404662139b3 It's content will be revealed soon. If you don't believe me, stiff! — Deadal Nix (@deadalnix) February 8, 2019 Nevertheless, it doesn’t seem that Twitter community is going to take him seriously. And one of the reasons is that people still remember the infamous Dr Craig S Wright, AKA Faketoshi who also reacted to the statement of Sechet, by the way. Oh A shame you fail to understand even the basics concerning bitcoin Please continue down that path.Do not allow me to stop you. How about you swear an oath formally… pic.twitter.com/yjB6Z2bpgi — Dr Craig S Wright (@ProfFaustus) February 9, 2019 According to Bitcoin Core developer Gregory Maxwell, it is not so difficult to pretend being Satoshi and even try to prove it as it might seem. He explained:  “So, for example, a couple years ago Craig Wright claimed to ‘prove he was Satoshi’ by simply copying some pre-existing signatures out of the blockchain and posting somewhat obfuscated instructions on verifying them. It was figured out pretty quickly, but still managed to fool a lot of people– they were too caught up in the mumbojumbo to think of the obvious.” This time, a lot of people haven’t believed a new Satoshi and have reacted like this: I knew that all along. Your beard gave it away. One look at that beard of yours and I knew you were Satoshi Nakamoto. — SpinBCH.com (@spinbch) February 8, 2019 What Comes Next Despite the fact that the community is not very impressed by the statement of the prominent BCH developer and doesn’t take it very seriously, it is not the end of the story. He still hasn’t published the proof that he promised to reveal. In one of his latest tweets he just promised us that we will see that he is right. Now there are no serious grounds to rely on the information provided by Sechet, but if he is Satoshi and he has lost belief in Bitcoin Core, why hasn’t he put in his funds to boost the price of Bitcoin Cash? Yes, as we have already said, there are too many questions. But even if you are also one of those who prefer not to believe this new Satoshi, let’s just try to be patient and wait for some new details. At least, it’s a funny story to keep an eye on. Craig Wright, Move! Bitcoin Cash Developer Amaury Sechet Claims He is Satoshi Nakamoto
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Bitcoin Cash Developer Amaury Sechet Claims He’s Satoshi Nakamoto, Was He Really Being Serious?

The Bitcoin community will be rolling its eyes right about now. Bitcoin Cash developer Amaury Sechet, the self-described “benevolent dictator” of the Bitcoin ABC (primary) implementation of BCH, has claimed he is Satoshi Nakamoto. I am Satoshi Nakamoto. There it is said and I can prove it:304502200fc3909c3224bc140b7aed365f33f066bd81eabedd198ad2a257882e86586ae8022100f03c6f63cddb43ebf48512c9a0cc0f97fd2cf227d22f15691d7ad65e49ddd659 — Deadal Nix (@deadalnix) February 8, 2019 In the event the tweet is later deleted, here’s a screenshot: The Benevolent Dictator Sechet and Bitcoin ABC were cited by former Bitcoin Cash developer (now on Bitcoin SV) _unwriter as a primary problem for the BCH ecosystem. _unwriter believes that virtually anything that Bitcoin ABC The post Bitcoin Cash Developer Amaury Sechet Claims He’s Satoshi Nakamoto, Was He Really Being Serious? appeared first on CCN
CCN

Chatter Report: Sechet Claims Cashaccount a Potential ‘Privacy Disaster’, Voorhees Defends Coinbase

In today’s roundup of crypto chatter, Jonathan Silverblood responds to Amaury Sechet’s privacy concerns with Cashaccount. Erik Voorhees defends Brian Armstrong from criticism on the latter’s 10 year Bitcoin anniversary tweets. Also, Nikita Zhavoronkov congratulates Bitcoin for creating 1 billion outputs on the BTC blockchain. Also read: The Cashaccount.info Platform Tethers Names to Bitcoin Cash Addresses   Amaury Sechet’s Privacy Concerns With Cashaccount Bitcoin ABC lead developer Amaury Sechet took to Twitter recently, proclaiming that the new BCH-powered alias-address system Cashaccount will be a privacy disaster. Surprisingly, Cashaccount creator Jonathan Silverblood agreed with Sechet, as the founder believes his project will lead to more BCH users reusing Bitcoin addresses. This would be bad for privacy, as reused addresses can be used to discover financial information that users may not wish to disclose. I agree – it will undoubtedly increase the number of people that will reuse addresses. Perhaps you can spend some time and help get those stealth keys that @ChrisPacia was working on more widely supported, or help progress the BIP-47 support? — Jonathan Silverblood (@monsterbitar) January 3, 2019 To resolve the potential lack of privacy, Silverblood asked Sechet to collaborate with Openbazaar developer Chris Pacia on stealth keys, or to assist with the development of BIP-47. However, other commentators like Crypto Pelé were not as concerned with a lack of privacy. Pelé pointed out that some BCH users are fine with the transparency that comes with reusing addresses. Erik Voorhees Defends Brian Armstrong From Criticism To commemorate Bitcoin’s 10th year anniversary of the Genesis Block, Coinbase CEO Brian Armstrong posted a series of tweets reminiscing how he first got into bitcoin. 1/ Today is a big day for Bitcoin, as it marks 10 years since the Genesis Block. Some people think I don’t like to talk about Bitcoin (), but today I have a few words to say — Brian Armstrong (@brian_armstrong) January 3, 2019 In the thread, Armstrong recounts reading the Bitcoin white paper in 2010 and becoming obsessed about Bitcoin for the subsequent 6 months. He began building a bitcoin wallet for Android devices as a side project, but then pivoted to a hosted wallet and a custom Bitcoin node. After securing funding from Ycombinator, Armstrong started working on his business idea full time and settled on the company name Coinbase. He then ended the tweet-storm on a positive note, boldly proclaiming that he has “never had more conviction” on the future of cryptocurrencies. Not everyone responded positively to Armstrong’s tweets. Commentator Simon Moon called Armstrong out for being a fake libertarian, arguing that Coinbase is a government-backed monopoly. Hah… as if their business just “appeared” and had a moat of regulation around it. The regulation isn’t their fault, and they have to walk a very delicate line. Yet millions enter the ecosystem because of the tools (read: bridge) that CoinBase has built. — Erik Voorhees (@ErikVoorhees) January 4, 2019 Shapeshift CEO Erik Voorhees quickly stepped in to defend Coinbase’s CEO. Voorhees pointed out that regulation was not Coinbase’s fault and that Coinbase has helped introduce millions of people to cryptocurrency. 1 Billion Outputs on the BTC Blockchain Blockchair lead developer Nikita Zhavoronkov also took to social media to wish Bitcoin a happy 10th birthday. While many congratulated Bitcoin on it’s Genesis Block, Zhavoronkov took the opportunity to congratulate Bitcoin for creating 1 billion outputs on the BTC blockchain. Not only it’s the 10th Bitcoin birthday today, but also a new landmark has been achieved — now there are more than 1 billion outputs created on the Bitcoin blockchain (see https://t.co/bKMI1xgYsf for stats) — what an interesting coincidence! pic.twitter.com/jeWJwLkVQ1 — Nikita Zhavoronkov (@nikzh) January 3, 2019 What do you think of privacy issues surrounding the Cashaccount’s identification system? Let us know in the comments below. Images courtesy of Shutterstock. Need to know the price of bitcoin? Check this chart. The post Chatter Report: Sechet Claims Cashaccount a Potential ‘Privacy Disaster’, Voorhees Defends Coinbase appeared first on Bitcoin News.
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BTC vs. BCH: who will win?

Disputes of redditors this week rustled around the BCH and community rules. Once again they remembered Opera with its Cryptocurrency wallet and tried to understand the words of Vitalik Buterin.

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Ravencoin Grows 20% And Continues to See RVN Token Surge in the Crypto Market

There are several altcoins that are registering interesting growth rates in the last weeks. This time, Ravencoin (RVN) was able to pump once again over 20% in just 24 hours. Although Bitcoin keeps being traded sideways, there are some altcoins that are behaving very positively. Ravencoin Spikes 20% Ravencoin was able to grow 20% and […]
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Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report

Bitcoin [BTC] Futures were thought to be a snippet of the overarching cryptocurrency market, though meager in comparison to the larger spot market. A recent report from Bitwise Asset Management, the crypto-centric investment firm has stated otherwise. In a March 20 report presented to the United States’ Securities and Exchange Commission [SEC], Bitwise analyzed the Chicago Mercantile Exchange [CME], and the Chicago Board Options Exchange, with ten prominent cryptocurrency exchanges’ in terms of their trade volume. Prior to shedding light on their Futures versus Spot findings, it must be noted that the report revealed that 95 percent of the trading volume of unregulated exchanges were seemingly “fake and/or non-economic wash trading”. Taking into account this disparity, the percentage of futures volume to their spot equivalent increases from 1.51 percent to 33.33 percent. Reported Spot volume totaled $6 billion, but after removing the “suspicious exchanges”, the actual volume recorded dropped to $273 million, in comparison to the futures market volume of $91 million. Furthermore, the increase in futures’ volume as a percentage of the spot market has been steadily increasing. From November 2018 to January 2019, the futures market was just over 15 percent, and almost doubled in February 2019 to 33 percent. Since the Futures contracts were approved in December 2017, only on two occasions did the Futures volume, in comparison to the Spot market, shoot above 20 percent; this was in May and August 2018. Futures Volume expressed as a percentage of their Spot Equivalent In terms of their stand-alone trade volume, the CME and the CBOE are in good stead against the world’s top cryptocurrency exchanges. The daily volume the CME, which brings in $84.82 million, ranks second behind Binance’s $110.5 million and ahead of Bitfinex, which records $38.06 million in daily trade volume. The CBOE also fairs well, taking the ninth spot on the ladder, ringing in $6.12 million in daily trade volume. Gemini takes the eight spot with $8.11 million and itBit caps off the top-10 with $5.58 million in daily volume. Notable, among the top-12, eight exchanges are registered within the United States. Despite the CBOE’s comparative success against the spot exchanges’, it has not been performing well against its cross-town rival, the CME. This slump forced the CBOE to delist their Bitcoin Futures [XBT] for March 2019. However, the XBT futures that are yet to expire later in the year will not be off-loaded prematurely. Bitwise also points out that the CME Futures Price tracks the Global Spot Price based on an arbitrage model. Given below is a chart attesting the same: Arbitrage between the CME Futures price and the global Spot price The post Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report appeared first on AMBCrypto.
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How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval

The SEC has held the ETF approval for Bitcoin and Cryptocurrency for a couple of reasons. The most significant reason for the same has been the unregulated marketplace. While decentralization in Bitcoin is an attribute that makes it an ideal asset class, the market places or Exchanges that provide for conversion of FIAT to Cryptocurrency is still controlled by independent entities. A recent report by Bitwise Asset Management published by the SEC inferred that more than 95% of the cryptocurrency volume is being faked. Hence, according to that, the ‘actual spot volume’ on cryptocurrency exchanges is a little above $270 million. Moreover, the reported volume of CME and Cboe Bitcoin Futures is more than one-third of the ‘actual spot volume’ estimated by Bitwise. According to Bitwise Asset Management, This is good news because it means CME— a regulated, surveilled market— is of material size, which important for an ETF. The case of a Bitcoin ETF Approval Now CME Bitcoin Futures reported a spot trading volume of $85 million. Moreover, according to Bitwise Asset Management, the actual trading volume of the Crypto-to-FIAT Exchanges is around $273 million. Hence, according to this statistic the Futures Trading Volume of CME alone accounted for 31.1% of the ‘Actual Exchange Volume.’ Moreover, there are other Bitcoin Futures market active in Europe and Japan as well. Hence, going by the above statistic, it can be said that the institutional investment might be in parity with the unregulated investment in Bitcoin. However, the Exchanges have reported total spot volumes total to the tune of $6 billion. This can necessarily raise doubts on its demand being higher than $100 billion. However, it does not directly affect the total market capitalization of a cryptocurrency.   Parity Between Spot Trading of Bitcoin and Gold The spot trading volume of Gold is 0.55% of its total market capitalization, while according to Bitwise statistics spot ‘actual spot trading on Bitcoin is 0.39%. If the CME Futures volume is included in this data, the percentage will increase to 0.51%. The OTC trading volume on most exchanges is also not added in the Exchange Data. All this suggest that the institutional investment in Bitcoin is considerably more significant than one expects. It is not only healthy in volume but also agrees statistically with the closest relatable asset class, i.e., Gold. Hence, a new form of informational mechanics for the trading of Bitcoin and Cryptocurrency in regulated Exchanges could alleviate the doubts around the Bitcoin ETF approval.   The post How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval appeared first on Coingape.
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Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA

Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. […] Cet article Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA est apparu en premier sur Bitcoin Central.
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