How Satoshi Messed Up His Math (and How These Academics Just Fixed It)
Satoshi Nakamoto’s math doesn’t quite add up. In chapter 11 of the Bitcoin white paper, the pseudonymous author explained that an honest mining majority will always outrun a dishonest minority. As a key innovation in digital currency, this ensures transactions are practically irreversible once they have sufficient confirmations, effectively solving the....
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On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto community in a thread posted to Twitter. SBF noted that he messed up and “should have done better” and also detailed that at some point he “might have more to say about a particular sparring partner.” SBF Says He Messed Up, Claims ‘Hands Were Tied During the Duration of the Possible Binance Deal’ Sam Bankman-Fried (SBF) has discussed some updates concerning FTX in an apologetic Twitter thread published on Thursday. The FTX CEO said he “should have been communicating more very recently,” and further claimed....
Math Cannot Be Banned joined "Meet The Taco Plebs" to discuss his Bitcoin journey and the importance of storing your value in something finite. The post Interview: Trading Our Time To Earn Bitcoin With Math Cannot Be Banned appeared first on Bitcoin Magazine.
Leah McGrath Goodman of Newsweek has published a piece on bitcoin creator Satoshi Nakamoto, or more like her quest to find out the man's real identity. Satoshi Nakamoto is the creator of bitcoin, for those unaware. Goodman actually approached (the alleged) Nakamoto to ask some questions regarding bitcoin, but was met with evasive answers: "I am no longer involved in that and I cannot discuss it," he said to her, according to the piece. "It's been turned over to other people. They are in charge of it now. I no longer have any connection." This man - who almost none of us knew the identity....
BRANTFORD, June 24th, 2014 - Vault of Satoshi, Canada's leading cryptocurrency exchange, announced June 20th that it is releasing the dividend-producing bitcoin investment, called Divcoin, today, June 24th. Instead of selling contracts that would otherwise bind users, Vault of Satoshi is representing mining contracts with a coin. Based out of their Brantford, Ontario headquarters, Vault of Satoshi will be mining bitcoins and paying out daily dividends to those who buy the coin. Vault of Satoshi is enabling the purchase of Divcoin starting June 20th, 2014 to both current clients and the....
Bitcoin is one of the most interesting and powerful pieces of mathematical code out there, launched as an open source project by the mysterious Satoshi Nakamoto. In yet another one of the many ways math and mystery come together in relation to the cryptocurrency, its origins, and the underlying technology, the current peak in recent […]