17 Burst results for "Santoshi Nakamoto"

"satoshi nakamoto" Discussed on Business Wars

Business Wars

03:57 min | Last month

"satoshi nakamoto" Discussed on Business Wars

"On the last episode, the mysterious Satoshi Nakamoto created a revolutionary digital currency, a criminal mastermind used Bitcoin to open an online drugs marketplace called Silk Road, but hackers raided the world's dominant Bitcoin exchange, mount gox. Now, Bitcoin's biggest fan is trying to safeguard Bitcoin's future by reducing its dependence on mount gox. This is episode two. The untouchables. November, 2011, Brooklyn. In his bedroom, Charlie schramm checks his watch. It's almost ten p.m.. He can't believe roger veer the Bitcoin Jesus wants to talk to him. He's just a short 22 year old living in his parents basement. Shrem checks himself in the mirror. He's got short, black curly hair, thick eyebrows, and a 5 o'clock shadow. He removes his glasses, puts him back on and then tosses him aside. No glasses definitely no glasses. Trem races to his computer to answer veers sky coal. Okay, shrimp play it cool. Veer appears on the screen. Hey, roger. Charlie. Thanks for making time. Like I said, I want to know more about your company, bid instant. I like the little I've heard. Sure, sure. I started back in June with my cofounder. Oh, you should have said something. I didn't mean to exclude anybody. No, no, no. It's okay. Garrett's like a silent partner. He's autistic, Asperger's. And he lives in Wales. He likes the tech part. Business side, not so much, and I've barely spoken to him. We just chat online. So what's a vision forbid instant? Right now, everyone trades at mount Cox, yeah? But it's a hassle. They're slow. Sights always falling over and it's hard to use. Too hard for people who are new to Bitcoin are just curious about it. Totally, totally. That instant deals with mount gox, so you don't have to. See, we front the money to mount gox. Take a fee and let people buy and get bitcoins on the same day. We also work with trust cash to make it easier to pay. Trust cash. What is trust cash? Trust cash lets you go into thousands of stores like Walgreens and pay cash for trust card credit. And then you can use that credit to buy Bitcoin on bid instant. No waiting around for wire transfers. Our goal is to get Bitcoin in everyone's hands. I want big incident to be the apple of Bitcoin, but right now, money is tight. My mom gave me $10,000, but we need more to cover the cost of buying Bitcoin from mount gox up front. Beer smiles. Well, I like you and what you're doing. I want to win the best. How much were a 15% stake? Sram didn't expect veer to make an offer right away. He hasn't got a price in mind. Shrimp figures, let it go big. Or go.

Bitcoin Satoshi Nakamoto Charlie schramm roger Asperger's Veer Brooklyn Charlie Garrett Wales Walgreens apple
"satoshi nakamoto" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

03:56 min | 2 months ago

"satoshi nakamoto" Discussed on CoinDesk Podcast Network

"An opportunity in front of them right now speaking of smaller countries and bitcoin. The one other thing that i wanted to make note of was that little romania became the first place to publicly unveil a satoshi nakamoto statue which is very cool to see last couple of items to round us out discussed a couple days ago the salona outage and the arbitrary outages. Well i think that now a few days on it's very clear that the key takeaway from this set of events is to understand the forming lines around these smart contract battles. These defied blockchain battles. And really it comes down to trade offs it comes down to what is sufficiently decentralized for the objectives. A chain has what are the trade offs between higher fees but more decentralisation. I mean that's really what that battle is about in particular with salona and ethereal. And i think that this week ended up just being kind of a case study in that. I don't know that it convinced any partisans who are on one side that the other side was more correct. But i think it wasn't interesting. Flashpoint finally speaking of flash points. I just wanted to say one more thing about the open. Sea insider trading front running happening. I talked about this on my thursday show. I believe long story. Short on employee. Nate chastain of open sea had been effectively front running the market. He knew which collections we're going to be featured on the homepage and would buy them just before they were featured he then transferred them back to his main wallet. That held his crypto punk. So at some point and enterprising crypto sherlock figured it out. Put him on blast and here. We are now days later. The next morning open sea acknowledged that this had happened. They said they were reviewing what happened. And they made explicit some policies. That should have been clear that employees are not allowed to do this sort of thing and less than a day later on top of that. Nate resigned from open. See i've seen a fair people say basically that it's done we should just forget about it. We should all move on. And it really rubs me the wrong way and i wanted to do attempts to explain why. I don't think that people should now hate open sea or anything like that. I mean this is an individual and until there's evidence that this is a culture at open sea which right now i haven't seen any of some people also said that there was a lot of bullying of this guy and i don't condone that. Under any circumstances. I will say though that the i resigned because i got caught thing is fine. I mean i listen. I don't want to drag this guy's career down or anything like that but this is a major breach of trust with the community. This isn't something where he like. I dunno stopped doing it because he had some moral quandary. He only stopped because he got caught. There's nothing to indicate that he's had some major emotional reflection and is now asking forgiveness. I mean he hasn't tweeted at all. And this is what i said to someone who is basically like you should just move on from this. I don't think that we really appreciate how damaging to the entire industry. This sort of behavior is it. Gives fuel for the fire of every regulator. Who wants to make an issue. Every regulator who wants to say that investors in this area need to be protected because this is just normal. I don't know what the right answer is in the sense that like. I said i don't want this guy's career to be completely ruined him to have to hide from crypto for the rest of his life or anything like that. I don't know him and everyone who knows him. Says he seems to be a great person but this is a major major betrayal of his community. I think the before. We're ready to just blithely forgive people. They need to ask to be forgiven. They need to show that they understand. Why what they did was wrong. Not just that they got caught anyway like i said it's been bothering me all week. I think that people are still not really appreciating how egregious it is. But i've said my piece on it anyway guys. I hope you are heading into a great weekend. I appreciate you listening as always if you liked the show. Please go give it a rating or a review. It helps new people. Discover it and until tomorrow be safe and take care of each other piece..

satoshi nakamoto Nate chastain romania open sea sherlock Nate
"satoshi nakamoto" Discussed on Liberty Talk FM

Liberty Talk FM

06:17 min | 11 months ago

"satoshi nakamoto" Discussed on Liberty Talk FM

"61 60. That's 632836160. We're sharing a Bitcoin hit piece here by James through Recchi over at Marker, not medium have to call this a Bitcoin. Miss piece. Well, he's right about some things. That's the thing he is. If you completely ignore the other crypto coz, then he's kind of right. Well, what he's right about is he's right about human nature. At least he's right that people when faced with Bitcoin and not knowing about the other crypto currencies when faced with Bitcoin and the question of Do I want to spend this as a currency as soon as they learn what the fees are there me like? Nope, no and then on, But if they stop there, they're never going to know about the other Crim does, And that's when hopefully when people learn about how bad the Bitcoin fees are. Will ask about. Well, what is what can I do about this? And then maybe somebody will say Hey, have you tried Bitcoin? Cash? Have you tried Dash or have you tried my narrow so? So let me let me give you a mathematical thought. If you're out there thinking about crypto currency crypto currencies. There's one thing that you can spend them on directly. And that's crypto currency fees. Okay, and so, basically, if if Bitcoin is at $40,000, and a fee is $40 for your average transaction. Well, let's say $20, because that's more, uh, more reasonable. Then, basically one Bitcoin will do what 1000 train or 2000 transactions. Yeah, whereas if you spend $500 on a Bitcoin cash, it will do many, many more transactions than that one cent per piece of less. What Penny's worth you peace. That will do what you know 50,000 transactions. Something like that. So, uh, so yeah, if it's Z If you think about it that way, it becomes a no brainer. You know, it's better to buy 50,000 transactions than to buy 1000 transactions at the same price, right. But people don't know about that yet, And unfortunately stories like this don't help illuminate those options. And that's sort of our job to give you the clue of. Hey, you might want to check these other things out. Bitcoin has competition. And one of these days, one of these competitors may actually knock it out of its top slot will Indeed, in less. Yah. Well, that's they fix Bitcoin. They will be knocked out of the top top position. So is next point here is that Business owners are less likely to start taking crypto currency if they think that the price Congar oh, all over the place. And that is absolutely true. It is absolutely the main one of the main objections that you'll get from a business. And if you try to go around and pitch crypto like we do, sometimes the local business owners, the concern is very real that Hey, I know this could go up in value, but it can also go down and I gotta pay my employees. I gotta pay for my products. But the answer there is that look The coins so new, hardly anyone's actually using it for crypto or for for for doing currency transactions, the buying things that you're barely gonna have anyone buying anything with this over over time, but there's enough customers hopefully to make make it so you'll want to do it, But it's not going to be overwhelming to where you're constantly every single day having to exchange you know Bitcoin for dollars so you can pay your vendors and things like I don't think that's the right answer. I think the right answer to that is well, tell you what I need Bitcoin and I have a hard time getting ahold of much of a much Bitcoin is I want so if you're taking big coin and you don't want to keep it. I'll set up to watch here address and and every day I will come by, and by all of your Bitcoin for cash, That's pretty good, but it's still only once a day. When the price of Bitcoin can, you know, rise or fall dramatically in 10 minutes, and then it goes up a lot. They're going to be like, Oh, wait a minute. You That's right thing. You know he's coming. He's gonna give me $1000 for this $200 transaction. Exact They're going to be happy about it. So if it goes up and down, they're going to think about that. Yeah, And And the thing is, I just have to be very careful to show them the price that I'm buying in. And if that price keeps going up, and they're gonna like coming in, Oh, my God. Yeah, exactly. Which is a problem for me because you know, I lose my source of crypto. But but it's also ah Boon for me because the more people are holding crypto. I don't know. I don't disagree with you. Nobody. I think that I think that both of those points is important. To give them the ability to get out of it if they want to, and to let them know that Look, this isn't going to make your break you either way, But if you hold onto it, it's probably better to hold on to it. In fact, most of the local business owners do hold on to it. There's really only one or two that actually ever turns their Bitcoin into anything else, and they only do it because they're hurting. That's right. I hate to take it from him, but At the same time, they need the cash. Let me go on here, he says Bitcoins transformation from putative currency to speculative asset, in other words, was effectively built into the system from the start. It's where Bitcoin was headed all along, except that's not true. Satoshi Nakamoto actually didn't put a block limit in at the start. From what I understand, he added it later on, did he not I don't know. I believe even if even if it was there from the start, you know a lot of times you build your experimental software with limits in it and know that once we see how this thing performed, you raise the limit is limits out and once there's call for it, but he left at I think was like 28 11. He disappeared or she or whoever it is. So he goes on here to say crypto currencies have emerged. Okay, he admits crypto currencies have emerged in Bitcoins wake that are better designed to function is currencies. But, paradoxically, they're nowhere near as popular is Bitcoin. So that's in parentheses, even though it may have been designed as.

Recchi Satoshi Nakamoto Bitcoins wake James Penny Bitcoins
"satoshi nakamoto" Discussed on Biz Talk Radio

Biz Talk Radio

04:33 min | 11 months ago

"satoshi nakamoto" Discussed on Biz Talk Radio

"The Internet is the most powerful network ever created. But there's not a main office for the Internet. There's not a president for the Internet, either. The Internet is just there. And it is completely the centralized. The Internet. Decentralized is information technology. It had his big point, decentralized money. Like bank transactions. Bitcoin transactions are recorded in the ledger. The Bitcoin Ledger is not maintained by a private company like the bank's ledge. Instead, it is maintained by the public. Houses of people all around the world have a copy of the Bitcoin ledger on their computers and then, like a centralized ledger system, anyone condemn, download and verify transactions on The Bitcoin Ledger using their computer. Now you may be wondering if Bitcoin uses the public ledger, wouldn't it cause really big security engine issues. What that made Bitcoin really easy to hack. The answer is no and no again. The fact that the Bitcoin ledger is public doesn't make it easy to hack at all. It actually makes it harder to hack. As an example. Let's imagine that I was trying to hack all the photos of Abraham Lincoln. He was a great president. Let's say I wanted to substitute on the photos of Abraham Lincoln. I know that sounds crazy, but bear with me for a second. Let's say I want to change what people thought Abraham looked like. Maybe I wanted to replace the image. Of Abraham Lincoln with an image of myself and people would think I was Abraham Lincoln. When I walked in the street not could hack into a lot of websites online, an online directories Maybe I could hack into Wikipedia. And other websites about Abraham Lincoln. I could change all the photos on those websites to a photo of myself. But that wouldn't cause a really big issue Now what? It there just too many websites around the world that would still have photos of the real Abraham Lincoln on him, And in other words, I couldn't hack into enough websites. Quick enough. The fool anyone into thinking I was Abraham Lincoln. Now the Bitcoin Public ledger works almost the same way it's explained in my great Abraham Lincoln example. The Bitcoin Public Ledger is just too big and on too many websites. Are too many computers for anyone the hack into it and change the information. The Bitcoin Public ledger that was created by Satoshi Nakamoto. It's actually called the Bitcoin Blockchain and People who don't even have faith and Bitcoin. They're always say. Blockchain is a great new technological advancement. So now you know that Bitcoin is visual. And you also know that Bitcoin is decentralized. And you know that Bitcoin uses the Blockchain to confirm transaction. So let's answer the question that we started with what is Bitcoin? The coin is decentralized digital currency. Since Bitcoin does not have a home country are a country of origin. It has some of the same benefits that Fiat currencies that they don't offer as the benefits they don't offer. It's an economy somewhere in the world falls or government changes. Bitcoin won't be affected like a Fiat currency would be since Bitcoin. Is a world wide currency. So Bitcoin is not controlled by any bank. Any government. Any person nobody controls Bitcoin. It's like the Wild West is just out there. Nothing can be done about it. It's on so many computers now that needless to say it was so be almost impossible to shut it down. Maybe if the whole world at one time all the government's trying to shut it down. They came close, but I think it's just on too many computers. Be shut down at this time. So now you know what money is the segment one. You know why Bitcoin can't be copied. Is this on too many computers? And you know what Bit point is? It's digital. Digital money. And remember. Most of the money you use now is digital money, credit cards e checks, So don't be scared of the fact that is digital money. The real difference is it's not controlled by anyone. It's a world currency not controlled by anyone. It will be right back with more after this.

Abraham Lincoln Bitcoin Blockchain president Satoshi Nakamoto
"satoshi nakamoto" Discussed on Biz Talk Radio

Biz Talk Radio

02:33 min | 11 months ago

"satoshi nakamoto" Discussed on Biz Talk Radio

"So really, how much money do you really would use the amount of physical paper money you actually touch Is probably a very, very small percentage. You're using digital money every day. You just don't look at it as visual money. In some countries, they've completely done away with paper money altogether. In these countries they on Lee use digital money. So Bitcoin is digital money, but it's just not controlled by the U. S government are any government for that matter. That may sound a little crazy, too, You know, maybe even sound a little bit scary to some people. If someone has a computer father represents $1. What would stop them from copying that five million times in creating $5 million for themselves? Let's face it. If I have a photo, I could make copies of it. I could make a copy of any file. So now we're back to the counterfeiting things and like I said earlier, counterfeiting is very easy to do paper money. But how about visual money now? This has really been the biggest problem in the creation and the use of visual currency, and this is actually called the double spin problem. The banks have a solution to the double spin problem. The banks use a ledger system on their own computers, which keep track of who owns what The ledger system they use is known as a centralized The ledger and centralized ledger systems or what the world has been using for money for many, many years now. The bank's ledger system keeps up with everyone's money. It tracks how much you put in the bank. It tracks how much you spend or take out of the bank. And since we trust the banks And the banks trust their computers. This centralized solution works and has worked fine in the US without many too many bugs for many years. Now. In 2008, a researcher published a paper Ah white paper describing how to solve The double spending problem without using a centralized solution. In other words, without a bank's involvement in his name, or her name was Satoshi Nakamoto. And they were writing about Bitcoin. It was described how you could make a ledger system that doesn't rely on a single bank, but instead used a centralized solution. He had invented a decentralized solution. They handle the double spin problem. Now you.

Satoshi Nakamoto US Lee researcher U. S
"satoshi nakamoto" Discussed on Biz Talk Radio

Biz Talk Radio

03:54 min | 11 months ago

"satoshi nakamoto" Discussed on Biz Talk Radio

"Is the most powerful network ever created. But there's not a main office for the Internet. There's not a president for the Internet, either. The Internet is just there. And it is completely the centralized. The Internet. Decentralized is information technology. It had his big point, decentralized money. Like bank transactions. Bitcoin transactions are recorded in the ledger. The Bitcoin Ledger is not maintained by a private company like the bank's ledge. Instead, it is maintained by the public. Houses of people all around the world have a copy of the Bitcoin ledger on their computers and then, like a centralized ledger system, anyone condemn, download and verify transactions on The Bitcoin Ledger using their computer. Now you may be wondering if Bitcoin uses the public ledger, wouldn't it cause really big security engine issues. What that made Bitcoin really easy to hack. The answer is no and no again. The fact that the Bitcoin ledgers public doesn't make it easy to hack at all. It actually makes it harder to hack. As an example. Let's imagine that I was trying to hack all the photos of Abraham Lincoln. He was a great president. Let's say I wanted to substitute on the photos of Abraham Lincoln. I know that sounds crazy, but bear with me for a second. Let's say I want to change what people thought Abraham looked like. Maybe I wanted to replace the image. Of Abraham Lincoln with an image of myself and people would think I was Abraham Lincoln. When I walked in the street not can hack into a lot of websites online, an online directories Maybe I could hack into Wikipedia. In other websites about Abraham Lincoln. I could change all the photos on those websites to a photo of myself. But that wouldn't cause a really big issue Now what? It there just too many websites around the world that would still have photos of the real Abraham Lincoln on him, And in other words, I couldn't hack into enough websites. Quick enough. The fool anyone into thinking I was Abraham Lincoln. Now the Bitcoin Public ledger works almost the same way it's explained in my great Abraham Lincoln example. The Bitcoin Public Ledger is just too big and on too many websites. Are too many computers for anyone that hack into it and change the information. The Bitcoin Public ledger that was created by Satoshi Nakamoto. It's actually called the Bitcoin Blockchain and People who don't even have faith and Bitcoin. They're always say Blockchain is a great new technological advancement. So now you know that Bitcoin is visual. And you also know that Bitcoin is Thies centralized. And you know that Bitcoin uses the Blockchain to confirm transaction. So let's answer the question that we started with what is Bitcoin? The coin is decentralized digital currency. Since Bitcoin does not have a home country are a country of origin. It has some of the same benefits that Fiat currencies that they don't offer US benefits they don't offer. It's an economy somewhere in the world falls or government changes. Bitcoin won't be affected like a PR currency would be since Bitcoin Is a world wide currency. So Bitcoin is not controlled by any bank. Any government. Any person nobody controls Bitcoin. It's like the Wild West is just out there. Nothing can be done about it. It's on so many computers now that needed to say it was so be almost impossible to shut it down. Maybe if the whole world at one time all the governments Tried to shut it down. They came close, but I think it's just on too many computers..

Abraham Lincoln Bitcoin Blockchain president Satoshi Nakamoto
"satoshi nakamoto" Discussed on Biz Talk Radio

Biz Talk Radio

02:33 min | 11 months ago

"satoshi nakamoto" Discussed on Biz Talk Radio

"So really, how much money do you really would use the amount of physical paper money you actually touch Is probably a very, very small percentage. You're using digital money every day. You just don't look at it as visual money. In some countries, they've completely done away with paper money altogether. In these countries they on Lee use digital money. So Bitcoin is digital money, but it's just not controlled by the U. S government are any government for that matter. That may sound a little crazy, too, You know, maybe even sound a little bit scary to some people. If someone has a computer father represents $1. What would stop them from copying that five million times in creating $5 million for themselves? Let's face it. If I have a photo, I could make copies of it. I could make a copy of any file. So now we're back to the counterfeiting things and like I said earlier, counterfeiting is very easy to do paper money. But how about visual money now? This has really been the biggest problem in the creation and the use of visual currency, and this is actually called the double spin problem. The banks have a solution to the double spin problem. The banks use a ledger system on their own computers, which keep track of who owns what The ledger system they use is known as a centralized The ledger in centralized ledger systems or what the world has been using for money for many, many years now. The bank's ledger system keeps up with everyone's money. It tracks how much you put in the bank. It tracks how much you spend or take out of the bank. And since we trust the banks And the banks trust their computers. This centralized solution works and has worked fine in the US without many too many bugs for many years. Now. In 2008, a researcher published a paper Ah white paper describing how to solve A double spending problem without using a centralized solution. In other words, without a bank's involvement in his name, or her name was Satoshi Nakamoto. And they were writing about Bitcoin. It was described how you could make a ledger system that doesn't rely on a single bank, but instead used a centralized solution. He had invented a decentralized solution. They handle the double spend problem. Now.

Satoshi Nakamoto US Lee researcher U. S
"satoshi nakamoto" Discussed on Biz Talk Radio

Biz Talk Radio

03:47 min | 1 year ago

"satoshi nakamoto" Discussed on Biz Talk Radio

"In his second term for the Biden does this his first her because I think that ultimately the fiscal situation in the United States is getting increasingly out of control, and I think Corona virus is going to make it even worse with regards to How large US budget deficits are on how large the outstanding debt is on with the fellow reserve is going to do in order to continue to bail out the financial system. No. We saw trillions get printed this year already during the first lock down now how many more civilians will be printed in the second or third or fourth Cove? It locked down when people are being denied their right to operate their business on the bought off by, you know, freshly created US dollars. I don't think it's sustainable. And so I think that in this context is going to continue to do well, and it's interesting because we saw the crash on March 12th. There was a huge, cascading liquidation event where becomes price went down, so I think $3800 or anything like that. And since then it has completely regained its value on so I think that you know people, the shorter holders got shaken out. The launcher holders that we were talking about people who have been holding big points for longer than a year more and violent because to them it was a far value opportunity. Thiss asset was trading at a deep discount. And so that really makes me pretty bullish on big point that there's a huge number of people waiting on the sidelines for an opportunity to buy it, And I think those same people are going to be buying it when it's going up because they're afraid of missing out on the train. Now go sideways. You know they're comfortable sitting on the sidelines waiting for it's a game momentum in either direction. Agree completely. I bought all the way down and then I was upset. Even then, I didn't want to serve up soon. And with that another $500. So normally you'd be real upset. You know that you were your what you had owned was worth less. But Hodler's are going Oh, my gosh, taken by Maur, this stuff this worthless that it was an hour ago. So, Pierre, thank you for coming on the show. I really do appreciate it. Working people follow you at and find out more information. Our keep up with you at Yeah, I think the number one place follow me at is on Twitter. So at Pierre underscore Rashard on my dancer opens. If you have questions you want to reach out and say hello to official media. On DH. Yeah, looking forward to continuing conversation. Thank you for coming on the ship here. I really do appreciate it. Oh, my gosh. Now see, we could have been two more segments with him. This is show where the lasting long enough We had that much time. I mean, I can listen to peer talk all day long, but We have a limited amount of time. So before we go any further, though, we do have another question A bit from the audience of Yes, Yes, we have Danny from South Dakota, and he'd like to know. Can there ever be more than 21 million Bitcoins? With any from South Dakota and your first without the code. That's kind of hard to believe. But no that can never be more than 21 million Bitcoins when Satoshi Nakamoto invented Bitcoin and wrote the original core code. Eroded. That was the limit of what to be created ever so can never be more than 21 million bit points. So that's the thing about Bitcoin. This unusual from.

Pierre United States South Dakota Biden Satoshi Nakamoto Danny Twitter Hodler Maur official Rashard
"satoshi nakamoto" Discussed on Biz Talk Radio

Biz Talk Radio

01:53 min | 1 year ago

"satoshi nakamoto" Discussed on Biz Talk Radio

"Satoshi Nakamoto invented Bitcoin and wrote the original core code. He wrote it. That was the limit of what to be created. Ever so can never be more than 21 million bit points. So that's the thing about Bitcoin. This unusual from regular money is that you know how much there is ever gonna be with money they print as much as they ever wanna print, so that's the difference from an inflationary money in a deflationary money. And also, thanks for your question, And if you do have a question, remember to send him to Gary Leland? At gmail dot com and we'll try to get your questions on the show. Before we go to our breakouts will make sure you know about bit Block boom. That's a bit common Coin conference I host every year in Dallas, Texas. At the end of August, but good obit block boom dot com and take a look at our conference. See who Our speakers are. This is a Bitcoin conference Bitcoin only not crypto currency. Not Blockchain conference, but a Bitcoin conference. So if you're interested in Bitcoin or a few are into Bitcoin, please check out the site bit block boom dot com and I think you'll really enjoy this conference if you get to go to it. We're going to come back after this break and do a little rap up of what we've done today. And I have a comment for you. And we'll do that. Right after this word from our sponsor, so please stay tuned and also tell your friends about this show. Share it with everyone. Let's grow this audience everybody needs to know about Bitcoin. Out of 80 million boomers in the USA 42 million are now.

Satoshi Nakamoto Gary Leland Dallas USA Texas
"satoshi nakamoto" Discussed on Biz Talk Radio

Biz Talk Radio

03:36 min | 1 year ago

"satoshi nakamoto" Discussed on Biz Talk Radio

"Decentralized service. The Internet is the most powerful network ever created. But there's not a main office for the Internet. There's not a president for the Internet, either. The Internet is just there. It is completely decentralized. The Internet decentralize information technology. But how does Bitcoin decentralized money? Like bank transactions. Bitcoin transactions are recorded in the ledger. The Bitcoin Ledger is not maintained by a private company like the bank's ledge. Instead, it is maintained by the public. Thousands of people all around the world have a copy of the Bitcoin ledger on their computers and then, like a centralized ledger system, anyone Khun download and verified transactions on The Bitcoin Ledger using their computer. Now you may be wondering if Bitcoin uses a public ledger wouldn't cause really big security engine issues. What that made Bitcoin really easy to hack. The answer is no and no again. The fact that the Bitcoin ledger is public doesn't make it easy to hack at all. It actually makes it harder to hack. As an example. Let's imagine that I was tryingto hat, all the photos of Abraham Lincoln. He was a great president. Let's say I wanted a substitute all the photos of Abraham Lincoln. I know that sounds crazy, but bear with me for a second. Let's say I want to change what people thought Abraham looked like. Maybe I wanted to replace the image. Of Abraham Lincoln with an image of myself and people would think I was Abraham Lincoln. When I walked in the street that could hack into a lot of websites online and online directories. Maybe I could hack into Wikipedia. In other websites about Abraham Lincoln. I could change all the photos on those websites to a photo of myself, but that wouldn't cause a really big issue now, would it? They're just Too many Web sites around the world that would still have photos of the rial Abraham Lincoln on him, And in other words, I couldn't hack into enough websites quick enough. No fooling went into thinking I was Abraham Lincoln. Have a Bitcoin Public ledger works almost the same way it's explained in my great Abraham Lincoln example. The Bitcoin public letter is just too big and on too many websites. Are too many computers for anyone to hack into it and change the information. The Bitcoin public ledger that was created by Satoshi Nakamoto. It's actually called the Bitcoin Blockchain. And people who don't even have faith and Bitcoin. What they always say Blockchain is a great new technological advancement. So now you know that Bitcoin is visual. And you also know that Bitcoin is he centralized And you know that Bitcoin uses the Blockchain to confirm transaction. So let's answer the question that we started with what Is Vic Coin. Bitcoin is a decentralized digital currency. Since Bitcoin does not have a home country, our country of origin. It has some of the same benefits that Fiat currencies that they don't offer benefits they don't offer. It's an economy somewhere in the world falls or government changes. Bitcoin won't be affected by Fiat currency would be since Bitcoin Is a world wide currency. So Bitcoin is not controlled by any bank. Any government. Any person. Nobody controls big point..

Abraham Lincoln Blockchain president Satoshi Nakamoto
"satoshi nakamoto" Discussed on Biz Talk Radio

Biz Talk Radio

02:35 min | 1 year ago

"satoshi nakamoto" Discussed on Biz Talk Radio

"So really, how much money that you really would views the amount of physical paper money you actually touch Is probably a very, very small percentage using visual money every day. Just don't look at it as visual money. In some countries, they've completely done away with paper money altogether. In these countries they on Lee used digital money so Bitcoin is visual money, but it's just not controlled by the U. S. Government are any government for that matter That may sound a little crazy to una maven sound a little bit scary to some people. If someone has a computer father represents $1. What would stop them from copying that five million times and creating $5 million for themselves? Let's face it. If I have a photo, I could make copies of it. I could make a copy of any file. So now we're back to the counterfeiting things and like I said earlier, counterfeiting is very easy to do with paper money. But how about digital money? This has really been the biggest problem in the creation and the use of visual currency, and this is actually called the double spin problem. The banks have a solution to the double spin problem. The bank's views a ledger system on their own computers, which keep track of who owns what The ledger system they use is known as a centralized The ledger and centralized ledger systems or what the world has been using for money for many, many years now. The banks. The ledger system keeps up with everyone's money. It tracks how much you put in the bank. It tracks how much you spend or take out of the bank. And since we trust the banks and the bank's trust their computers This centralized solution works and has worked fine in the US without many too many bugs for many years now. In 2008, a researcher published a paper Ah white paper describing how to solve The double spending problem without using a centralized solution. In other words, without a bank's involvement in his name, or her name was Satoshi Nakamoto. And they were writing about Bitcoin. It was described how you can make a ledger system that doesn't rely on a single bank, but instead used a centralized solution. He had invented a decentralized solution that handled the double spend problem. Now you may be asking yourself..

Satoshi Nakamoto U. S. Government US Lee researcher
"satoshi nakamoto" Discussed on Biz Talk Radio

Biz Talk Radio

02:25 min | 1 year ago

"satoshi nakamoto" Discussed on Biz Talk Radio

"So really, how much money do you really would views the amount of physical paper money you actually touch Is probably a very, very small percentage. You're using vision, No money every day. Just don't look at it as visual money. In some countries, they've completely done away with paper money altogether. In these countries they on Lee used digital money so Bitcoin is visual money, but it's just not controlled by the U. S. Government are any government for that matter That may sound a little crazy to una maven sound a little bit scary to some people. If someone has a computer father represents $1. What would stop them from copying that five million times and creating $5 million for themselves? Let's face it. If I have a photo, I could make copies of it. I could make a copy of any file. So now we're back to the counterfeiting things and like I said earlier, counterfeiting is very easy to do with paper money. But how about digital money? This has really been the biggest problem in the creation in the use of visual currency, and this is actually called the double spin problem. The banks have a solution to the double spin problem. The banks use a ledger system on their own computers, which keep track of who owns what The ledger system they use is known as a centralized The ledger and centralized ledger systems or what the world has been using for money for many, many years now. The bank's ledger system keeps up with everyone's money. It tracks how much you put in the bank. It tracks how much you spend or take out of the bank. And since we trust the banks And the bank's trust their computers. This centralized solution works and has worked fine in the US without many, too many bugs for many years now in 2008. A researcher published a paper Ah white paper describing how to solve the double spending problem without using a centralized solution. In other words, without a bank's involvement in his name, or her name was Satoshi Nakamoto, and they were writing about Bitcoin. It was described how you could make a ledger system that doesn't rely on a single bank..

Satoshi Nakamoto U. S. Government US researcher Lee
"satoshi nakamoto" Discussed on Liberty Talk FM

Liberty Talk FM

02:28 min | 1 year ago

"satoshi nakamoto" Discussed on Liberty Talk FM

"In fact, that's what we've been talking about. Here is Bitcoin and Cryptocurrencies and getting some important quotes from Satoshi Nakamoto, as he sort of previously in, you know, a decade ago, had said things that are still relevant. Two today, even though Satoshi and I said he had on maybe it's a she. We don't know. But even though Satoshi Nakamoto disappeared from public view, just Ah, what two or three years after releasing Bitcoin was a 2012 2011 seem like that when he just disappeared. Completely. I I think he disappeared before I ever heard of it. Is that right? Yeah. S O. They point out here that the great so called great reset is coming. That's what thes business and government goons are going to start trying to shut down people's throats and they've already started it. I mean, you can see The evidence of the crazy changes that air surrounding us all over the place. In fact, just in the news today, Delta Airlines has banned a Navy seal. From their entire company. He's not allowed to travel on Delta Airlines anymore. And why is that his former Navy seal His name's Robert O'Neill. He's from guess he was from the raid that killed Osama bin Laden. I thought they were all dead. No, Apparently not yet. Hey, was manned by Delta Airlines on Thursday for refusing to wear a mask on a flight the day before, and according to business insider. Robert O'Neill says he fired the shot that killed bin Laden during the 2011 raid was on board a flight on Wednesday when he tweeted a selfie with the caption. I'm not a And I guess Well, we we've said it before on the air. But for whatever reason we started putting. Yeah, like a fellow passenger in a U. S Marine Corps hat and a flight attendant attendant visible in the photo. O'Neill was not wearing a mask. Delta requires passengers to wear masks in the airport and on all flights unless they're quickly eating or drinking. The airline also said it would ban passengers who refuse to wear the face coverings. Mr O'Neill says he has been since banned by a Delta spokesperson since then. So, Delta said this quote part of every customer's commitment prior to travelling on Delta is the requirement to acknowledge our updated travel policies, which includes wearing a mask said there spoke Spiric Rat..

Delta Airlines Satoshi Nakamoto Robert O'Neill Osama bin Laden Navy Spiric Rat U. S Marine Corps
"satoshi nakamoto" Discussed on Liberty Talk FM

Liberty Talk FM

03:28 min | 1 year ago

"satoshi nakamoto" Discussed on Liberty Talk FM

"That's one of the big things that that Bitcoin changed about money. It is something where you don't have to trust because you can verify because the the code itself is open Anyone. Khun go in there and they can audit making copy And they can, you know, make their own version of this thing. If they don't like Bitcoin, they can create another thing. It's so awesome because not only is that true, but there's also competition in the marketplace now. I will say that does kind of complicate things a little bit. But if people don't like Bitcoin because the people behind Bitcoin decide to do things that are malicious, or, you know, just not progress, you know, technologically speaking well. Guess what? Because sources are available. We now have other cryptocurrencies like Manero and stash and cash and so on, and of robust level of competition so much that it's actually overwhelming because you couldn't possibly go in audit and learn about the thousands of different group No one has enough time to actually figure out which ones are the best. It's just you might as well throw a dart up in a dart board. Although some of them are pretty interesting, like you mentioned Manero, for instance, which is the first kind of really privacy coin with total privacy all the time, so kudos to them. In fact, some people believe that the founder of Manero or the creator of that was actually also Satoshi Nakamoto, or, at the very least, whoever it was that wrote Manero was smart enough to try to sound like Satoshi could lead to some of the writing style's I guess some people have analyzed it was a similarity between them. That could have just been a choice, right? That could have been something Did the purpose. Satoshi believe peer to peer solutions and decentralization gave people back their freedom. He thought decentralization was a poignant answer to centralization and monopolies. And he wrote more quote. You will not find a solution to political problems in cryptography, Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years, he said. Governments are good at cutting off the heads of centrally controlled networks like Napster, but pure P to P even appear to peer networks like Nutella and tour. Seemed to be holding their own. In fact, we'll talk about one of those networks coming up here a little bit. LimeWire is back in the news. But for how many years can we hold? This new territory of freedom depends entirely on how well the Cryptocurrency industry adapts to the great reset. People have only just begun to lose their livelihood, says Coin Telegraph that is their businesses, jobs and so on as a result of quote the worst economic downturn since the Great Depression. Unquote. We've seen increased digitization in 2020 and from artificial intelligence to Blockchain to distributed ledgers. The great reset will only hasten this trend as thie lock down hasten similar trends. As central banks create their own digital currencies. The Cryptocurrency industry is building its own digital economy, too. After PC world published article commenting on Wiki leaks his adoption of Bitcoin to circumvent a financial blockade against whistleblower organizations, Satoshi wrote quote. It would've been nice to get this attention in any other context. Wikileaks has kicked the hornet's nest and the swarm is headed towards us 8 55 or 50 free like freedom. If you want to join us, you can come in on the so called great reset. Or whatever's on your mind. Let's go. We'll talk about the return of LimeWire. Signature hardware's roots reach back to the 19 thirties Master plumber, Robert Butler.

Satoshi Nakamoto Manero LimeWire Khun Napster Coin Telegraph Robert Butler founder
"satoshi nakamoto" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

04:28 min | 2 years ago

"satoshi nakamoto" Discussed on Heartland Newsfeed Radio Network

"Call with our toll free number eight five five four five zero three seven three eight five five four fifty free free as in free talk live with you tonight. It's aria and i'm ian also now joining us johnson so we've been talking about the late august climate to satoshi nakamoto thrown. I'm sure there have been many of these. These people just are certain ones that have gotten more attention than others and this is the newest it didn't take long of course for twitter to began looking at this and just tear into it leading off with an examination of the actual writing style itself which would ordinarily be a fair criticism but as it points out there on the website that he created it making this claim in the first place the person making the claim didn't actually write it. It was written by someone else who did some interviews with him. That's that's the claim yeah p._r. Agent that the supposed- souto she hired to represent him yeah. He's not especially good. Writer is worth pointing out. There's quite a few grammatical mistakes and things of that nature that you wouldn't expect somebody with a p._r. Firma to make so there are differences in tone and in uh the grammar and just it's written and run on sentences. It's just generally a mess. It also looks relatively unprofessional. The nakimora who created bitcoin breaking bitcoin has the technical capabilities to create eight more robust website. I would think so. I would like to believe that is his but evidently he's making the claim that he is in fact saito she she and he lost the nine hundred something thousand bitcoin that he was supposed to have saying that they were on his hard drive and he lost it well. He claimed in the article just to give a little more detail that the hard drive that had the nine hundred and eighty thousand bitcoin lean on it was sent to a repair center because something went wrong with the laptop in question toshio komodo could it repair his his own laptop contention and of course the contention that he wasn't smart enough to back up his wallet all it with nine hundred eighty thousand. I mean at that time nine hundred and eighty thousand bitcoin probably wasn't worth a whole lot but regardless he did not do do any due diligence on this whatsoever could not repair his own laptop. Now you know if a motherboard fails on a laptop. That's a tough one to to repair. You got to get at the same board and switch it out and you probably want to have a repair center do a job like that generally. It's a little harder to work on a laptop than it is. Say you know a desktop sized computers so they're taking out the hard drive. That has your nine hundred eighty thousand bitcoins on it is not any more than four screws well inside the device. Yeah i've seen backs of of laptops take several screws to to remove but regardless you know the claim being that <hes> he just left this hard drive in his laptop and then they replaced the hard drive when doing the repair job on the laptop and afterwards he was just he doesn't even mention in his story that he even tried to call them. He didn't even the way the story is written. Stroz sorta shrugs. It's gone. I guess he didn't even like if i'd lost something like that. I my first thing would i that i would do would be to call all circuits city or whoever it was to sheba or wherever it was sent and say <hes> yeah i'm gonna need that that hard drive back but to also so be all sorts of development papers technical writings and things like that on this laptop that he would probably also want independently of the bitcoin in his value. He did claim that the hard drive was encrypted encrypted well. Maybe the numbers of the universe told him that he's this is not it was like he saw that he did it at best. Buy and and best buy has seven letters and seven plus six plus five because of the date or something told him that it was seventy three seventy three is a no because it adds up to one zero and somehow that's.

johnson toshio komodo satoshi nakamoto twitter Firma Writer Stroz
"satoshi nakamoto" Discussed on Clouded

Clouded

01:37 min | 3 years ago

"satoshi nakamoto" Discussed on Clouded

"Online has flatly denied being so Toshi, and there is no concrete evidence that points to them being him for this reason I will not name them here, but I do encourage you to do your own research, and to come up with your own conclusions. So who is he? I don't think so. Toshi is actually one person I think it is far more likely that this idea was put together by three people. I call them the bitcoin three you have the dreamer who is a libertarian type two cryptographer the person familiar in this area. And the coder brought on after the first two got together to actually build this thing. I also believe that what brought the big three altogether was the right to privacy. They may not have believed everything that this character Satoshi wrote, except this one point, they all wanted to stay out of the spotlight. They not only want it to be able to use bitcoin anonymously. They themselves wanted their identity to remain private. For more information to get some links to articles pictures, and videos regarding this story, please, visit clouded mysteries dot com. Follow us on Twitter at clouded podcast on Instagram and like our Facebook page. Please give us a review on, I tunes pod being Stitcher, Google play a rare ever you listen to podcasts are patriots pages coming soon, where you can support the show and get extra content including -clusive episodes. My name is Victor. And this has been another episode of clouded were internet meets mystery..

Toshi Victor Satoshi Google Twitter Facebook
"satoshi nakamoto" Discussed on Clouded

Clouded

03:16 min | 3 years ago

"satoshi nakamoto" Discussed on Clouded

"Lots in April twenty third two thousand eleven not Komodo sent bitcoin. Core developer. Mike earn a brief Email where he stated quote and moved on to other things. And of course, he was, of course, referring to the bitcoin project. The future bitcoin. You wrote was quote in good hands. Mr. not Komodo. There's not been hurtful. so who is Saito? She knock Komodo. Here's a dictionary dot com's definition of bitcoin type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer funds operating independently of a central Bank. What kind of person would come up with this type of solution to a problem that most people.

Komodo Saito Mike developer