A Look at One of Crypto’s Greatest Mysteries — Bytecoin’s Alleged Premine and...
When Bitcoin first launched, the community was extremely small and it slowly grew during the first two years until the project’s creator, Satoshi Nakamoto, left the community for good. During the early years encompassing the world of cryptocurrencies, a number of anonymous individuals like Sunny King, Artforz, Rat4, and Cobra followed Satoshi’s method of keeping themselves unknown to the general public. The following is a look at the creator of the privacy-centric Cryptonote protocol, known as Nicolas van Saberhagen. The pseudonym was leveraged by the inventor of the....
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For millennia Immortality has been the greatest dream of humanity. The brightest minds have tried to solve its mysteries, but despite the support of the richest people on Earth, to no avail. Well, at least in the “becoming immortal” part. In terms of longevity, humanity went a long way in recent decades. And today, when […]
SaturnCoin has done much to imrpove upon their coin with a great developing team striving to get the best out of their coin. Their press release can be found here. One of the big things that the SaturnCoin team has done is the elimination of the original premine that had been in place by the original developers of SaturnCoin. However, as seen in the document, the premine had been straight deposited into Mintpal and Cryptsy by the original developers back in March, and had already been dumped. Therefore, there was no need for the premine to be blocked as it had already been purchased by....
Could the Ethereum community fork the code and leave the original developers out in the cold? Concerns around the Ethereum premine seem to be one of the causes of the delay in launching an official IPO for the project. Finding the right funding model for any kind of free and open source software is always difficult because someone else can come in and start a new project by forking the source code. These issues are also compounded by regulatory concerns when actual "shares" in a new currency are going to be distributed to early investors. Some people who are upset with the original funding....
Decentralized networks such as Bitcoin’s don’t know national allegiance, they only know math. And when you’re trying to get your savings out of an ATM, or send a payment to relatives in a war-torn environment, someone else’s politics is the last thing you want standing in the way of you and your loved ones’ well-being — regardless of what colors may be on the flag waving above your head.
The Human Cost of Sanctions
There are no winners in war. Bankers and politicians start them, and everyday individuals like you and I are told to....
Welcome to the CoinDesk Weekly Review 16th March 2014 - a regular look at the hottest, most thought-provoking and most controversial events in the world of digital currency through the eyes of scepticism and wonder. Your host ... John Law. Regulation issues. Mysteries in bitcoinland don't stay mysteries for long. Take the world record transaction, which was noted in the block chain last November, when nearly 200,000 bitcoins hit a single wallet. Who was behind it? Turns out it was Bitstamp, which has just released details of an audit that confirms the transaction. Why publish an audit when....