Bitcoin Cash developer Amaury Sechet fired up the crypto community after he declared himself as the real Satoshi Nakamoto and in today’s bitcoin news we will see what evidence he has to support it. He has called himself the ‘’benevolent dictator’’ of the Bitcoin ABC before.
He posted took it to Twitter where he posted:
‘’I am Satoshi Nakamoto. There it is said and I can prove it.’’
He later deleted the tweet.
Sechet and Bitcoin ABC were quoted by the former Bitcoin Cash Developer now the developer of Bitcoin SV that they are both problematic and that there is seriously something wrong with the Bitcoin ABC. Bitcoin SV developer explained in simply as:
‘’The primary problem for the BCH ecosystem is that Sechet believes that virtually anything that Bitcoin ABC wants, ABC gets, which is toxic for decentralization.’’
A post by Bitcoin Core developer Gregory Maxwell, gives a good explanation that anyone can claim to be Satoshi since it is relatively easy to fake it contrary to the popular opinion that is really, really hard. 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 mumbojumbo to think of the obvious.”
There is a chance that Sechet is faking it and mocking Craig Wright but the story is still developing and Sechet is expected to provide some further information.
Bitcoin Investing: Over 50% Of Retirees In US Are Crypto-Aware
- I know bitcoin is, but am not interested in investing - 56.7%
- I already own some bitcoin - 2.7%
- I have no idea what bitcoin is - 32.9%
- I know bitcoin but don’t know how to invest - 3.4%
- I’m keeping an eye on it - 4.3%
“This audience represents some low-hanging fruit for the Bitcoin community to go after. Retirees are always interested in alternative assets that can help diversify their portfolio against market fluctuations.” “The IRS approving cryptocurrency IRAs is an indication that retirees are increasingly interested in including some cryptocurrencies in their retirement accounts.”For now, US retirees are active in traditional investments such as stocks, bonds and real estate - while Bitcoin investments are still on the rise. In contrast to them, millennials are far more open-minded when it comes to embracing new asset classes, as many best cryptocurrency news sites have reported. Baby boomers, on the other hand, are somewhere in the middle.
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“We’re struck by how long it took other asset bubbles to recover their peak levels (as long as 22 years for the Dow Jones Industrials) and how pedestrian the annualized returns from trough to the recovery often are.”He also went on to add that "crypto-bull contingents should consider what happens after the bubble–not every bubble that bursts recovers the old highs," saying that he believes that the current Bitcoin price analysis shows that just like other classes, BTC faces a slow and painful path to recovery. Featured on many best cryptocurrency news sites, Dennean's statement also likened the Bitcoin price "bubble" to the 1929 Dow Jones collapse, suggesting that it might take slightly more than two decades for the dominant cryptocurrency to reach its highs in the likes of $20,000.
"The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past,"In his Bitcoin price analysis, Dennean said:
"The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past."He also compared the rapid rise and fall of the Bitcoin price and warned the public:
"Maybe crypto-bull contingents should consider what happens after the bubble–not every bubble that bursts recovers the old highs."In line with the coming altcoin news which see a lot of coins as idle, the latest Bitcoin price analysis shows that there could be a possibility for a bullish run for BTC in the future - and all of this alone gives hopes to many traders and BTC price believers.
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