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Power Ledger Successfully Demos P2P Energy Trading In Japan

Power Ledger has successfully trialed a blockchain-based peer-to-peer energy trading platform, in partnership with Japanese utility company KEPCO. The five-month trial was conducted in Osaka, one of the largest cities in Japan. Power Ledger managed the energy trading needs of the local grid, balancing between local producers of solar power and the consumers. The test proved that Power Ledger’s technology is capable of autonomously handling energy trades in complex and ever-changing networks, with settlements with cryptocurrency. The system can be deployed not only in detached houses but also condominiums and micro-grids.  The trial comes at an appropriate moment, as the upcoming slash of Feed In Tariff (FIT) benefits threatens to shock the Japanese solar power market. FIT is a subsidy program launched by the Japanese government in 2012, forcing energy companies to buy solar power at higher-than-market rates, currently set at ¥40/kWh ($38 cents).  The program resulted in a ¥10 trillion ($92.8B) burden passed down to the Japanese public since the tariff’s introduction. The government will now transition to a competitive pricing model for installations above 50-100 kW, many of which could be outpriced by the sudden revenue decrease. Power Ledger can step in this gap, allowing solar owners to retain their faster payback options and lessen the impact of the Japanese government’s policy change. The company claims that when applying the Power Ledger platform on a large scale, Japan’s energy users could save more than ¥2 trillion ($18.5B), based on 2019 data. The claim found some validation from KEPCO general manager Fumiaki Ishida, who noted: “Although there are still many challenges like amendments of relevant laws for commercialization, Power Ledger’s product presents significant opportunities for prosumers to sell their excessive energy at more advantageous prices and for consumers to buy it at more affordable prices.”  Power Ledger is an Australian energy technology company developing and implementing distributed energy markets. It uses blockchain technology to enable energy trading, renewable asset financing and more efficient carbon and renewable energy credit markets. Active since 2016, the company is currently operating in Australia, Thailand, Austria and the United States.   The post Power Ledger Successfully Demos P2P Energy Trading In Japan appeared first on Crypto Briefing.
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Power Ledger and KEPCO Bring P2P Energy Trading to Osaka, Japan

Osaka, JAPAN – August 2019: Power Ledger in partnership with Japanese utility, KEPCO, trialed a blockchain-enabled demonstration of P2P transaction for post-FIT surplus power in Osaka, proving the accuracy and consumer acceptance of Power Ledger’s leading-edge technology in Japan in addition to Australia. The trial proved P2P surplus power transaction to be completed autonomously and automatically including settlements with cryptocurrency regardless of fluctuations of PV generation and customer demands. It can be deployed not only in detached houses but condominiums and microgrids. KEPCO representative general manager Fumiaki Ishida said, “Although there are still many challenges like amendments of relevant laws for commercialization, Power Ledger’s product presents significant opportunities for prosumers to sell their excessive energy at more advantageous prices and for consumers to buy it at more affordable prices.” Power Ledger managing director David Martin said the successful outcome was built on Power Ledger’s previous work in Australia, Thailand and the United States. “The success of the KEPCO trial is an extension of successful projects Power Ledger has deployed in other markets leveraging the ongoing development of our technology as well as the experience of working with major energy players like KEPCO,” Mr Martin said. “Power Ledger looks forward to building on this success and continuing to work to support KEPCO’s innovative plans to maintain its leadership position in the energy transition,” he said. Power Ledger will continue the development of digital energy products designed to engage consumers to increase the penetration of distributed renewable generation capacity in Japan, while providing consumers greater choice over how their energy is produced and from where their energy is sourced.  About Power Ledger: Power Ledger is an Australian energy technology company at the leading edge of the development and integration of distributed energy markets.  Power Ledger uses blockchain technology to enable energy trading, renewable asset financing and more efficient carbon and renewable energy credit markets. Power Ledger was formed in May 2016 and is currently active in Australia, Thailand, the United States and India. About KEPCO: Founded in 1951, Kansai Electric Power Co. is a leading Japanese utility engaging in the provision of power supply, business and lifestyle solutions in its operational area of Kansai, Japan including the Kobe-Osaka-Kyoto megalopolis.   The post Power Ledger and KEPCO Bring P2P Energy Trading to Osaka, Japan appeared first on Live Bitcoin News.
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Populous, Golem, Raiden Network Token and Power Ledger Top All Cryptos; Coins in Aggregate Up 3.91% Overall, 2 Coins Cross Key Moving Average

Yesterday’s Movers and Shakers Over the past day, the top performing coin out of the 133 coins we are tracking was Populous, which offered a day-over-day return 15.58%. Other notable currencies were Golem, Raiden Network Token, and Power Ledger, which experienced daily returns of 15.18%, 14.62%, and 13.67% respectively. The moves in all these coins were a bit surprising, in that they were well outside of the trading range normally associated with each of the currencies in question. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Was the Crypto Market as a Whole Up or Down? In the past day, the average percent change in price for the coins in our index was a move up 3.9064%. On a more granular level, 95% of the coins we’re tracking were up while 5% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 2 coins have crossed their 20 day moving average over the past 24 hours; these currencies may be of interest to traders interested in strategies involving trading around the 20 day moving average. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Key Price Technicals in the Crypto Market The coins that crossed their moving average are: BQX, Populous. Also of note is that 6 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally? Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post Populous, Golem, Raiden Network Token and Power Ledger Top All Cryptos; Coins in Aggregate Up 3.91% Overall, 2 Coins Cross Key Moving Average appeared first on DecentralPost.
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Austrian Blockchain Energy Trading Company Power Ledger to Deploy P2P Solar Energy Distribution

Energy trading company Power Ledger has partnered with a subsidiary of one of Austria’s top five largest energy utilities Energie Steiermark, to deploy a peer-to-peer (P2P) energy trading network in and around Graz. Energie Steiermark will use their innovation arm E-Next for the project. Power Ledger is a fast-growing tech startup that has developed a […]
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Australia’s Power Ledger to bring P2P Energy Trading to Austria

The post Australia’s Power Ledger to bring P2P Energy Trading to Austria written by Richard Kastelein appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics Australian Energy trading company Power Ledger has partnered with a subsidiary of one of Austria’s top five largest energy utilities Energie Steiermark, to deploy a peer-to-peer (P2P) energy trading network in and around Graz. E-NEXT i with the NEXT-Incubator, the innovation arm of Energie Steiermark, will make Power Ledger’s energy trading platform available to an […] The post Australia’s Power Ledger to bring P2P Energy Trading to Austria written by Richard Kastelein appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics
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What Is Power Ledger Network?  Introduction to POWR and Sparkz Tokens

What Is Power Ledger? Power Ledger (POWR) is a dual-layer blockchain-based, peer-to-peer energy platform that lets users buy and sell electricity. The Australian platform uses dual-chain architecture, with one layer residing on Ethereum and using POWR ERC-20 tokens and the other using the Ecochain platform and using Sparkz. Each is exchanged through an Ethereum smart contract that tracks energy generation and payments. Electricity is one of the most valuable resources we have, and cryptocurrency especially relies on it. Analysts estimate another 123 GW of solar photovoltaic energy generation will be added to the global grid in 2019. Yet solar power isn’t as easy to manage as people think – during peak hours in a sunny state like California, solar power actually needs to be bottlenecked to avoid overloading the grid. And homeowners are being told that they use all the power they generate, selling the overages to the electric company. But that’s not how it actually works. In most municipalities, solar power generation more closely resembles sharecropping, where all power is sold to the electric company at a rate it determines, and the individual’s power is sold back to them at a rate it determines. The differences in these wholesale and retail rates (along with tax issues in states where electric companies successfully lobbied against solar) make it an expensive proposition. Being able to sell electricity to each other seems like the perfect solution, and companies like Kansai Electric Power Company and Sharing Energy are on board with Power Ledger having the answer. Co-founders Dr. Jemma Green, David Martin, and John Bullich built a strong team with roots in Harvard, Bitfury, and the venture capital world. Does it have what it takes to truly change the world through blockchain and cryptocurrency technologies? Let’s start our exploration of the Power Ledger Network by reviewing POWR and Sparkz, the native cryptocurrency tokens it uses. POWR and Sparkz Cryptocurrency Summary The Power Ledger Token (POWR) Ethereum-based ERC-20 utility token with a circulating supply of 396,195,754 out of a total supply of 1,000,000,000 POWR, as of February 6, 2018. The peak price of POWR so far occurred on January 4, 2018, at $1.79. Power Ledger held both an ICO presale to accredited investors and an ICO token crowdsale to the public. By October 6, 2017, 350,000,000 POWR was distributed, raising a total of $34 million (AUD) worth of ETH. The remaining 650,000,000 POWR was retained by the Foundation to pay future development costs and distributions to early investors. The Power Ledger team also received an $8 million (AUD) grant from the Australian Government to assist in further development costs. POWR is accepted on a variety of cryptocurrency exchanges, including LATOKEN, UPbit, Binance, Bithumb, Bittrex, Digifinex, ABCC, and Huobi Global. Over $1.2 million worth of POWR is traded on a daily basis, with trading pairs including ETH, KRW, BTC, and BNB. As an ERC-20 token, POWR can be stored in any ERC20-compatible wallet, including MyEtherWallet, Trust Wallet, and hardware wallets from Archos, Trezor, and Ledger. Power Ledger also uses Sparkz, which is an Ecochain stablecoin token tethered to the value of the local currency in which it’s purchased. In the U.S., one Sparkz equates to $1USD, etc. Sparkz are used as the on-chain currency to purchase electricity through the Power Ledger network. Sparkz has no supply limit and is generated by exchanging fiat currency. It’s then destroyed upon redemption. Sparkz is only redeemable within the Power Ledger Ecosystem. While neither Sparkz nor POWR is technically “mined,” it is generated through elecricity usage. DApp hosts trade POWR for Sparkz using a smart contract on the Ethereum blockchain. This locks the POWR in escrow until the required Sparkz have been received, i.e., the electrical power. The Power Ledger Lightning Round The Power Ledger network uses this economy to power a variety of electricity-trading marketplaces. In xGrid, for example, P2P trading occurs across the electrical grid, say, from house to house. With uGrid, this trading occurs between the mater electric meter for the property. The team even built Power Port and C6/C6+, which help track electric vehicle usage and carbon credits and certifications. Each avenue the team opens provides new ways for consumers and businesses to connect to each other, with less need for the centralized authority of the electric company. Solar being over-generated in places like California and Australia during peak generation can be distributed in a more efficient manner. Solar energy is widely lauded as a sustainable, long-term solution to the world’s energy crisis, no matter what the current White House administration thinks. And Australia is one of the leading nations in pushing for more solar-friendly regulation. It’s no wonder partners like Tech Mahindra in India, Clean Energy Blockchain Network in North America, Kansai Electric Power Co in Japan, Vector Ltd in New Zealand, and BCPG Apartment Microgrid in Thailand are joining over a dozen Australian organizations backing this blockchain. When combined with blockchains like VeChain (VET/THOR) and Internet of Services Token (IOST), blockchain is clearly being built into our infrastructure in exciting new ways. Summary Power Ledger is a dual-chain, dual-layer platform that enables a decentralized, peer-to-peer energy-trading marketplace. It uses two coins to create smart contracts to let anyone sell their excess electricity either on- or off-grid. The success of the project hinges on these key factors. POWR is the ERC-20 utility token used to grant access to the Power Ledger Network. Sparkz is the Ecochain stablecoin token used as currency to purchase energy through and Ethereum smart contract. Power Ledger is an Australian-based project with backing from the Australian government. It also expanded its partnerships throughout the Asian Pacific region and North America. Power Ledger supports electric vehicles, solar power, wind power, and a variety of sustainable methods of electricity generation. With these pieces in place, it’s no wonder Power Ledger isn’t already a top 10 cryptocurrency. It has all the necessary ingredients for success. The only thing that seems to be holding it back may be the legacy electric and utility company lobbyists. The author is invested in digital assets, including Ethereum which is mentioned in this article. Join the conversation on Telegram and Twitter!     The post What Is Power Ledger Network?  Introduction to POWR and Sparkz Tokens appeared first on Crypto Briefing.
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Power Ledger’s Blockchain Economist: Cryptocurrency is a $278 Trillion Dollar Opportunity

Anya Nova, a blockchain economist based at Power ledger, weighed in on cryptocurrencies and tokenization, stating that cryptocurrency has the capability to transform societies through tokenization of $278 trillion in assets. Breaking it down in a recent Medium Post, Anya explained: “So will security tokens democratize finance and lift millions out of poverty? No, at least not right away. But will they transform how we live? Absolutely. Why? Because there is just so much to tokenize: $217 trillion dollars in real estate, $55 trillion dollars in equities, $6 trillion dollars in gold.” Evolution Of Cryptocurrencies To drive her point home, Anya Nova gave a story about her life in Russia, saying she actually experienced hyperinflation throughout her early age and could see that fiat currency was always a resource that can be controlled by governments and ‘occasionally mismanaged.’ Comparing those days to today, Nova could tell the difference in prices of basic commodities, explaining that during the 90s she could buy a loaf of bread for only 60 cents, but now it goes for a much as $3.40. Since then, Nova wonders why bitcoin isn’t taken seriously, with some claiming that cryptocurrencies have a slim chance of replacing fiat currency. According to Nova, cryptocurrencies are fascinating because they touch on important aspects of people’s lives. However, the reason insurgence of security tokens is being witnessed today is because government bodies such as the SEC are cracking down on all project that has failed to comply with fundraising regulations that exist. As per Nova, a token that complies fully with fundraising regulations isn’t any better compared to one that hasn’t. According to her, as these regulations have a lot of problems, right from how disclosure statements function to how the sophistication level of an investor is determined. The Rise Of Security Tokens Nova recounted her experience in the crypto world, saying that she has seen the evolution of cryptocurrencies since the time of bitcoin and then the ICOs, and now security tokens. However, she raised a question on whether it’s possible for security tokens to democratize the financial system in the world and get people out of poverty. According to her, security tokens can’t achieve this, but they will help transform how the masses live.
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Power Ledger to Use Blockchain to Track Renewable Energy with Japan’s Sharing Energy Company

A blockchain enabled platform used for the peer to peer marketplace within the renewable energy sector, the carbon markets and the energy asset financing referred to as the Power Ledger has just announced a partnership they have gotten into. A partnership that has been established to drive proper renewable energy trading to take place in Japan together with the Sharing Energy Co. This is a company that has been considered to be a leading provider when it comes to the provision and installation of solar energy. More On The Partnership The Power Ledger, a blockchain powered platform initially will be able to allow the Sharing Energy to track the renewable energy consumption easily. This will be from 100 pre-identified Sharing customers who are spread across Kyushu, Kansai, and Chubu regions. The project has been estimated to grow to about 100 rooftops to about 55,000 rooftops; this is by the end of 2020. And from this, they are planning to sell to the consumers within the market but through the interested third parties or they could use the option of following the Sharing procurement of the retail license. According to Dr. Jemma Green, who is the Chairman and the co-founder of the Power Ledger, they are really proud of the work that has been done so far in Japan, together with the strides they have taken in ensuring they are able to decentralize the use of energy across the world. It is especially so from the increased efforts form the different leading companies within the market, the likes of Sharing Energy that has taken the necessary steps in embracing the new era in the use of renewable energy. The partnership proves to be an exciting example of how the blockchain technology is able to make visions a reality; this is in the implementation of scalable and renewable energy solutions for their partners and the communities that are spread across the globe. Power Ledger Has Some Exciting Projects The program running from November 2012 for the proposed cuts to the Japan feed-in tariff, also referred to as the FiT, which was developed to incentivize the development of the renewable energy, has lead most of the businesses and power companies to embrace this type of energy innovation together with the renewed interest that is in the renewable energy initiatives. It is important to note the Power Ledger has started working with one of the biggest electricity retailers that are privately owned in the country, the Kansai-Electric-Power Company, in the development of a Virtual Power Plant model. This model will be able to help Japan address some of their key challenges with the excess solar generations. Together with accordance with the Paris Climate Goals, Japan has committed itself to increase the renewables and in turn, reduce the carbon emissions to about 26%, this is by the year 2030. How It Is Expected To Work For the deployment to effectively take place, the Power Ledger will need to provide a real-time usage data to the Sharing company, and on November the Sharing company will be able to use the peer to peer platform that has been established by the Power Ledger. With the platform, it will be able to facilitate fair trading to take place between the buyer and the sellers in the market with the use of real-time data that will be gathered from the existing smart meters. From this point it will go ahead and verify the scalability and the feasibility that is present for the P2P energy trading within Japan, and from here it will be able to allow the Sharing Energy company to efficiently conduct the needed research on the energy transitions that take place through the Power Ledger platform that has been blockchain powered. Thus, this will allow the Sharing company to effectively utilize the clean and renewable energy within their social systems. The project they have gotten into with Sharing has just come off the heels of the other global partnerships that are involving the P2P trading.
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Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town

Ever since Facebook unveiled its Libra cryptocurrency, the project has encountered regulators’ wrath across the world. However, governments, crypto exchanges, and institutions think that Libra is a great idea and they are now developing their local tokens to rival Libra. The People’s Bank of China is reported to be developing a token that will encroach the market that Facebook targets. The latest entrant into this race is Binance. This top crypto exchange announced that it will launch an open blockchain project dubbed ‘Venus’. The project aims to develop localized stablecoins throughout the world. In an official announcement published on August 19, the exchange said that it is perfectly positioned to launch such a currency ecosystem. The move comes in the wake of its existing public chain technology, Binance Chain. The public chain comprises of a wide user base and an already existing global compliance measures infrastructure. Leveraging Already Active Know-how Binance announced that it is looking for partnerships with corporations, governments, technology firms, and other blockchain and crypto projects. It aims to develop a new currency ecosystem that will empower the developed and developing nations. Furthermore, the exchange’s vision for its Venus project is to create a new open alliance and sustainable community. The community is meant to accept and enlist all partners who have influence globally. According to the announcement, Binance Chain already supports multiple native asset-pegged stablecoins. Some of the stablecoins that it runs include the Binance BGBP Stable Coin (BGBP) that is pegged to the British Pound and the Bitcoin (BTC)-pegged stablecoin (BTCB). Additionally, Binance says that it will leverage the existing infrastructure and experience with different regulatory regimes. That will enable it to set up a compliance risk control system and create a multi-dimensional cooperation network for the Venus project. Contending with Libra The new ambitious venture by Binance seems to compete directly with Facebook’s fiat-pegged stablecoin, Libra. Facebook’s wants to launch a system that will power a global cryptocurrency payments network integrated into the company’s wholly-owned apps that include Messenger, WhatsApp, and Instagram. The choice of this name ‘Venus’ seems to show that Binance is also entering the astrological waters. These waters feature the Winklevoss Twins’ Gemini dollar and Gemini exchange together with Facebook’s Libra project. Whether Venus will outmuscle Libra in the new global stablecoin space or not, only time will tell. Like what you're reading? Subscribe to our top stories The post Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
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Binance Announces New Stablecoin Initiative Venus – the “One-belt-one-road Version of Libra”

The world’s largest cryptocurrency exchange Binance has announced the plan of launching an open blockchain project “Venus”, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published today Aug.19, the localized stablecoin initiative will leverage the exchange’s existing infrastructure such as its public chain Binance Chain and cross-border payment systems, wider user base and already established global compliance measures. Bearing a similar vision with social media giant Facebook’s Libra, “Venus”, defined as a “regional version of Libra”, aims to break down the financial hegemony and reshape the world’s financial system, which enables latecomers to have more initiative and stability in finance, as well as enhance the economic efficiency of countries. The exchange says it is seeking “partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.” “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” said He Yi, Binance co-founder and CMO. In its Chinese version of the announcement, the exchange believes that “Libras are growing at an exponential rate and will reshape the world financial system, bringing changes more than the Internet. Instead of resisting change and losing the opportunity, it is better to embrace the change. Under the planned economy system, the successful experience of Shenzhen’s bold exploration of market economy is a good case. At the same time, Libras need to be developed in an orderly manner under the regulatory framework.” In conclusion, it added three suggestions for the Chinese regulators – The central government should establish the core strategic position of blockchain industry and digital stablecoin in the future financial system; Establish a regulatory sandbox within a certain scope and pilot payment and settlement services based on digital stablecoin; Allow private enterprises to issue digital stablecoins and develop cross-border payment and settlement systems. Prior to it, Zhou Xiaochuan, the former governor of PBOC (People’s Bank of China), stated that Libra represents the trend of digital currencies, China should take precautions and undertake policy research. Following that, Huawei founder Ren Zhengfei  said that China can issue a Libra-like currency to take the lead in the blockchain sector. With these positive signals, the exchange is responsive and acting fast. Its cofounder He Yi said “Venus” is the “One-belt-one-road version of Libra”. Cofounder of Binance .@heyibinance said “Venus” is the “One-belt-one-road version of Libra” Totally nailed it pic.twitter.com/RqfaPH8zE1 — Dovey Wan 🦖 (@DoveyWan) August 19, 2019
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HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility

Yesterday’s Movers and Shakers Since yesterday, the coin that fared the best out of the 133 coins in our index was HyperCash, whose price is up 51.55%. Rounding out the top four currencies for the day were Metal, WePower, and Bread, which provided holders with returns of 17.75%, 13.98%, and 12.04% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex A Macro View of the Crypto Market Overall, the average change in coin price for the coins we’re tracking was up 1.6592%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 3 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves The coins that crossed their moving average are: Chainlink, Verge, HyperCash. Likewise, volatility has continued to trend lower and contract for 18 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom? Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility appeared first on DecentralPost.
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The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling

The origin story of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has seen outright lies, conjecture, and its fair share of ‘reveals’. By now, for many, it has become irrelevant, and any new ‘revelation’ gains a healthy dose of cynicism. But here we are again, with a promise of an unveiling in little under 36 hours. Could it be different this time? I’m Satoshi Nakamoto, And So Is My Wife You could be forgiven for having a touch of Satoshi Nakamoto fatigue. In the past few months alone, we’ve endured multiple theories regarding an Estonian connection, a drug lord who invented Bitcoin purely to launder money, and a failed attempt at viral marketing (anybody actually use PAI news?). Not forgetting, of course, Craig Wright’s ongoing delusion in the face of mounting evidence of his serial forgery. So when a new website appears claiming that ‘all will be revealed’ in a three part series of posts… well you’ve got to expect it to be taken with a(n un)healthy pinch of salt. But that’s exactly what happened over the weekend. We even got to read the first part of the three-part reveal, and… it’s strangely compelling. Satoshi Nakamoto Renaissance Holdings The website bears the name ‘ Satoshi Nakamoto Renaissance Holdings’, and the ‘Truth’ is as told to Ivy McLemore, a PR and marketing consultant… and apparently a man. So far, so readily dismissible as another waste of time marketing ploy. The site even admits that part three of ‘My Reveal’, along with the Nakamoto’s true identity, will provide details about Tabula Rasa, Satoshi’s vision (sorry Craig) for the future of Bitcoin. But if this is just another attempt to cash-in on the Bitcoin bandwagon, then whoever is involved has done a better job than most of the others. Names, Numbers, And A Chip On His Shoulder The fact that ‘Satoshi Nakamoto’ has a beef against the banking industry will come as a shock to no-one. The fact that this beef harks back to the 1991 closure of the ‘World’s Sleaziest Bank’, BBCI might. Allegedly, part of his motivation was to redeem BCCI, even going so far as basing the name of Bitcoin on it; Bank of CredIT and COmmerce INternational. He also had trouble opening a bank account when visiting the UK. According to this latest ‘testimony’, Satoshi came from Satoshi Sumita, a Japanese Central Banker, who presided during a period when the country became the world’s largest creditor nation. Satoshi was also an exact match in Chaldean numerology (which also features greatly) for Nakamoto’s childhood nickname of ‘Shaikho’. Nakamoto came from Hal Finney, who helped him to create Bitcoin. Dorian Satoshi Nakamoto lived in the same California neighbourhood as Finney. He was later mistakenly identified as the Bitcoin creator by Newsweek. Satoshi Nakamoto is the number 55 in Chaldean numerology, representing the total and complete man. Finney also provided remote computers to work on, leading some to speculate that Nakamoto had been based in California. He had actually started his work in Pakistan, later travelling between Pakistan and the UK. ‘Nakamoto’ describes Finney as his Steve Wozniak, the technical genius who partnered Steve Jobs at Apple. The Best Is Yet To Come So part one of ‘My Reveal’ is detailed, fits some of what we already know about Nakamoto, and explains some of the things that we didn’t know. And the best bit is that we don’t have to wait too long for parts two and three. Part two, available at 4pm EST today, will reveal more about how Nakamoto’s belief in Chaldean numerology influenced many of his decisions regarding the development of Bitcoin. It will also give all the facts about his 980,000 BTC personal stash. Then part three will be published just 24 hours later. Will we finally learn Satoshi Nakamoto’s real-life identity, and his vision for the future of Bitcoin? Craig Wright must be quaking in his loafers… or sitting smug in the knowledge that this is just a ploy, and he is the real… nah, just kidding, quaking in his loafers. Do you think this time Satoshi Nakamoto will finally reveal his/herself? Let us know your thoughts in the comment section below! Images via Shutterstock The post The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling appeared first on Bitcoinist.com.
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