Who is Satoshi Nakamoto?

The one good thing about Craig Wright’s none stop claim that he is Satoshi Nakamoto is that it has made people once again ask, who is Satoshi Nakamoto?

Was Bitcoin created by a single person or was it a group? In a recent poll on Twitter, the Young Dumb Crypto account @youngdumbcrypto ask:

“What if Craig Wright is 1/5th Satoshi?? Does that make his claim of being Satoshi true?”

In my response, I stated that I would actually accept that. If Craig Wright said that he was a part of the group that made up Satoshi Nakamoto and in turn created Bitcoin, I would accept his claim and go about my day. But what Craig is doing is he is claiming that HE IS Satoshi Nakamoto, and in doing so has drawn the ire of the Crypto community. So, when Craig says these things, the response then becomes “if you are Satoshi, prove it and sign the Genesis Block”.

The Genesis Block is the first block mined in what would become known as Blockchain, specifically Bitcoin’s Blockchain, in the Genesis Block there is an embedded message:

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”.

This message was entered by Satoshi Nakamoto in 2009. If Craig Wright were indeed Satoshi, he should have the ability to sign or modify this block and even if that were not a possibility, he would be able to move the Bitcoins left in Satoshi’s wallet but has yet to provide proof that he is able to do either.

But, let’s play devil’s advocate for a moment and say Satoshi Nakamoto is not a person but a group of people like Anonymous or LulzSec and had multiple people working on what would become known as Bitcoin.

It is common practice in business and programming to have groups of people work independent of each other, sending their finished work to a project manager who then will take the different pieces and put them together to make a finished product.

An argument for Craig Wright being Satoshi would be if he was in one such group and worked on Bitcoin he could then say he was Satoshi and show what section of Bitcoin he worked on. Done, Craig Wright is Satoshi, Hal Finney is Satoshi and anyone else who could show proof of working on the project is Satoshi.

There are many in the space who believe that if Satoshi Nakamoto was indeed a real person it was a man named Hal Finney. Hal Finney received the first Bitcoin from Satoshi Nakamoto and is said to live near where the person who we know as Satoshi Nakamoto lived. Hal was a genius programmer and cypherpunk and sadly Hal Finney passed away in 2014 due to complications from ALS.

In the end, the Cryptocurrency community is going to have to ask itself, does it still need a Satoshi Nakamoto? Should the person of Satoshi Nakamoto be finally put to rest? Can he be?

Because Satoshi Nakamoto has become a figure of mythical proportions, this causes people like Craig Wright to have the desire, the need, to be Satoshi Nakamoto. To crave the adoration for creating Bitcoin and the resulting technical revolution. Recently, Craig Wright began threatening legal action against those who call him a fraud or reject his claim of being Satoshi Nakamoto. If Craig can have a court of the law acknowledge him as Satoshi Nakamoto, he will have the ability to sue anyone who has made a Cryptocurrency based on Blockchain and Bitcoin. The problem is, as stated above, he has yet to provide any proof that he is Satoshi Nakamoto so the drama continues.

Take Care,
Jason Nelson
@dragonwolftech

Greenberg, Andy. “Nakamoto’s Neighbor: My Hunt For Bitcoin’s Creator Led To A Paralyzed Crypto Genius.” Forbes, Forbes Magazine, 26 Mar. 2014, http://www.forbes.com/sites/andygreenberg/2014/03/25/satoshi-nakamotos-neighbor-the-bitcoin-ghostwriter-who-wasnt/#2a7a78fd4a37.

Hertig, Alyssa. “Craig Wright’s Fight With a Cartoon Bitcoin Astronaut Cat Explained.” CoinDesk, CoinDesk, 17 Apr. 2019, http://www.coindesk.com/craig-wrights-fight-with-a-cartoon-bitcoin-astronaut-cat-explained.

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Binance & Shapeshift to delist Bitcoin SV, CZ calls Craig Wright a Fraud.

In a continually evolving story, Binance CEO Changpeng Zhao, also known as CZ, announced in a recent tweet that Binance would be delisting Bitcoin SV, this news came after a series of tweets from Calvin Ayre of Coingeek, a large supporter of Bitcoin SV, revealed that Craig Wright who has claimed on multiple occasions that he is Satoshi Nakamoto will be seeking legal action against those who call his claim fraudulent.

It is common knowledge in the crypto community that the person, persons who make up Satoshi Nakamoto have been offline for many years or at the very least have not gone by that identity for some time and Craig Wright’s claims have been met with skepticism due to the fact that other than repeatedly calling himself Satoshi Nakamoto, Craig Wright has not been able to prove his claim. But these claims are not new, for many years Craig Wright has claimed to be the creator of Bitcoin much to the amusement of the cryptocurrency community who generally respond to these claims with one form of mockery or another, but what happened to cause the delisting?

More than likely the cause of the delisting stemmed from a bounty put out by Craig Wright of $5000.00 to anyone who could reveal the identity of Twitter user @hodlonaut in what many consider an act of doxing which has already shown itself to be a very troubling aspect of online life. CZ has said via his Twitter account “Craig Wright is a fraud, the real Satoshi can digitally sign any message to prove it.”

This test has been the most common call for Craig Wright to prove his claim, the real Satoshi should be able to digitally sign the Bitcoin genesis block but Wright has yet to be able to do just that. Binance has given until July 22, 2019, for users to complete BSV withdrawals.

Other exchanges appear to be following Binance’s lead…Shapeshift CEO Erik Voorhees put out a statement on Twitter “We stand with @binance and CZ’s sentiments. We’ve decided to delist Bitcoin SV #BSV from @ShapeShift_io within 48 hrs.”

There is word that the cryptocurrency exchange Kraken is considering delisting but no official statement has been made as of this writing.

Take Care,
Jason Nelson
@dragonwolftech

PewDiePie Moving to Decentralized Platform DLive

In a move that is sure to ripple through the streaming world, YouTube star PewDiePie has announced* he is moving to the decentralized site DLive to post his content and as you can see from this screenshot, PewDiePie is front and center on the site.

img_0190

DLive, as opposed to YouTube, takes zero percent of user donations or subscription membership cost, making DLive a tempting alternative to the steaming powerhouse.

Quoting from the DLive.tv website:

“When you stream on DLive, the platform doesn’t take any of your earnings, whether that’s a recurring subscription or a one-time gift, compared to traditional platforms that take roughly 50%. That is never going to change. 90.1% of each subscription and gift will go to your wallet directly, and 9.9% will go to a pool that rewards people with Locked LINO Points for their contributions to the network on a daily basis.”

As we see more and more decentralized applications and platforms offering streaming and viewer content, will we see a mass migration to these crypto-based sites or may we see platforms like YouTube and Twitch support cryptocurrency on their platforms?

Stay Tuned

Jason Nelson

@dragonwolftech

*DLive. “PewDiePie Forges First Exclusive Livestreaming Partnership with DLive.” PR Newswire: Press Release Distribution, Targeting, Monitoring and Marketing, 9 Apr. 2019, http://www.prnewswire.com/news-releases/pewdiepie-forges-first-exclusive-livestreaming-partnership-with-dlive-300827823.html.

CryptoCurrency & Critical Thinking

Picture this: A young tech walks into her manager’s office to work on the manager’s computer, the two have a casual relationship built on a shared love of tech and sci-fi, so it’s easy to have more and more complex conversations on things like the internet and technology. On this particular day, the young tech is excited, her Cryptocurrency portfolio has recently reached $1700.00 based on the various coins/tokens that she has invested in. The tech tells her manager, “you have to check out Cryptocurrency! it’s crazy how valuable this stuff is, once I sell I’ll be able to pay off my student loans!”

The manager looks at her and says “you know I’ve been looking into Bitcoin but I don’t understand…what gives it the value”.

As many of you have probably experienced in the past, the tech takes off on a rant about Blockchain Technology, Scarcity and how Bitcoin will replace fiat. But still, they have yet to explain, in terms the manager can understand, why Bitcoin has value and why a person would take their money and invest it in such a volatile market.

At this point, we need to look at things from the manager’s perspective. Why should they invest in something that the person speaking to them about, cannot explain it in a clear, concise manner?

How does this define our young tech? When something is new and exciting, it’s easy to jump on the bandwagon and even become fanatical in your views of that thing, which in this case is Cryptocurrency as people have developed a kind of tribalism around their particular coin of choice. So the tech comes into their manager’s office, excitingly telling them that they’ve “found” this new thing that is going to make them rich but who fails to be able to tell exactly why.

Let’s use the process of Critical Thinking to get an idea of where the Manager is right now:

Who said It? A tech working for a company that is not in the Blockchain or Cyptocurrency space, it’s possible but probably not likely others know anything about Cryptocurrency or Blockchain.
What did they say? “You have to check out Cryptocurrency! it’s crazy how valuable this stuff is, once I sell I’ll be able to pay off my student loans!”
Where did they say it? In the manager’s office while they are working on the manager’s computer.
When did they say it? During a casual conversation that was basically taking up dead air.
Why did they say it? The tech is excited about Cryptocurrency and wants to tell as many people about it as possible.
How did they say it? With excitement in their voice, using grandiose claims such as paying off student loans.

Now let’s step away from the fact that the manager knows this person and may even consider them a friend. Would it be in the manager’s best interest to take what amounts to financial advice from this person? Would it even sound to the manager like a Ponzi or pyramid scheme?

When Bitconnect was at its height, word of mouth, Facebook, YouTube and Twitter were used to promote what in the end amounted to a Ponzi scheme which cost those holding the bag thousands, if not millions of dollars. But if those who were dupped by Bitconnect had used Critical Thinking instead of FOMO (fear of missing out) they could have saved themselves both emotionally and financially.

Let’s revisit the Manager/Tech Conversation and put it in relation to Bitconnect:

 

Who said It? A young person (late teens, early twenties)
What did they say? “You can make thousands, even millions in crypto using Bitconnect’s trading bot and lending platform. It’s easy and you can do it from anywhere. Also, this is not financial advice.”
Where did they say it? On YouTube or social media, these places require no validation of claims to post them and do not require that users use their real names/identities to create channels.
When did they say it? At the height of the cryptocurrency craze, Bitcoin was all over the news and the internet and from all appearances, people were getting rich overnight.
Why did they say it? They are trying to get more people involved in the platform/scheme. The more people involved, the more money they can potentially make.
How did they say it? Very excited, making it appear that this is an opportunity the viewer would be a fool to miss out on.
Because crypto (at least in the United States) is relatively unregulated when compared to Wall Street, there are not the same protections that traditional investors have to protect them from fraud and scams so it becomes necessary for investors in cryptocurrency to approach any would-be investment with a critical eye so that scams like Bitconnect do not happen again.

Take Care

Jason Nelson

@dragonwolftech

Is the 10-year challenge worth your privacy?

“It isn’t paranoia if they’re really out to get you” Harold Finch.

In the last few years, social media has produced a multitude of viral topics, days and challenges. From the Ice Bucket Challenge to National Burrito Day. There is a day or challenge for whatever you’re into.

But where do these “holidays” originate? Have you ever wondered why a “national fill in the blank” day originate on Twitter or Facebook and by whom? And in the case of challenges require video or photo proof that you took part to be loaded on a social media platform or streaming services?

As the saying goes, “if you didn’t post it on Instagram, did it really happen?”

What makes me question all of this is because more and more we are hearing about advancements in AI and facial recognition. So I have to ask why are we being pressured into posting videos and pictures of ourselves doing specific things more and more?

Take the 10-year challenge. You post a picture of yourself ten years ago and one of you today. Seems harmless enough “look how I’ve changed!” But you know who else may find that interesting? The government and law enforcement. You are basically putting into a database what you looked like then and what you look like now.

It’s similar to how a few years ago there was a push for genealogy test. “Find your history, they say or discover who you are”. Turns out those tests are good for more than telling you if you should be wearing a kilt or lederhosen.

Long cold cases have been solved from matching DNA gathered from the scene of a crime with that sent to a genealogy test site.

Koerner, Brendan. “Your Relative’s DNA Could Turn You Into a Suspect.” Wired, Conde Nast, 6 June 2018, http://www.wired.com

http://bit.ly/2HKQfUV

This is why reading the terms of service is so important. We need to be aware of who these services are willing to share our information, our DNA/DATA with.

Facebook has been using the “tag” feature for a number of years where users can say who they are in the picture with or who the picture is of. Without using proper privacy setting we are telling the world who we are, who our family is and what is their name, making cyber stalking that much easier and as stated earlier, law enforcement and government is interested as well.

Social Media can be a fun and engaging experience, but we must always remember, these are businesses and they are in the business of making money and their product? Us.

Take care

Jason Nelson

@dragonwolftech

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Why You Should Use A Password Manager

We live in a time where we pass through hundreds if not thousands of websites every year, many of which we have accounts on to either tailor our experience, purchase goods and services or conduct business through. For most of us, trying to remember the login/passwords for all of these sites is next to impossible. This is where password managers come in.

Password managers allow users to store all of their passwords (and the websites associated) in one place. Products like Dashlane, LastPass and 1Password are popular.

With a password manager, the users only need to remember one password, a master password that unlocks their vault of passwords. Instead of remembering hundreds of passwords, the user only needs to use one.

Now, this does not absolve the user from using password diligence. Remember, this master password unlocks all of your other passwords so, Letmein is highly unrecommended.

Passwords should be no less than ten characters and include upper case and special characters. Keep this password in a safe place or better yet, memorize it. And for the love of everything you hold dear

DO NOT GIVE THIS PASSWORD TO ANYONE!!!!!!

Sorry…

More and more mobile devices come with either fingerprint or facial recognition and will open the vault with this method but this does not mean the user does not have to choose a strong password.

Enabling 2FA on the password manager will provide added security.

Remember: The greatest threat to Cyber Security is laziness.

Take care.

https://www.lastpass.com/

https://www.dashlane.com/

https://1password.com/

Using Cyber Awareness To Fight Cyber Crime.

More and more, we are seeing instances where criminals are sending emails either threatening to release personal or embarrassing information and more recently scammers have begun threatening to do harm to the victim or their business, demanding up to $20,000.00 in Bitcoin.

People forget that the technology that makes Bitcoin possible, Blockchain Technology is a digital ledger, think notebook, that records transactions that take place in the Blockchain.

This includes Bitcoin transactions done for illegal purposes. There are many who still believe, mostly due to how the media portrays Bitcoin and CryptoCurrency, that Bitcoin is anonymous, when in fact Bitcoin is pseudo-anonymous.

Bitcoin would be anonymous as long as the person or agency looking to find who the transactions belong to do not dedicate money and resources to find out as with the Coinbase/Neutrino debacle. Bitcoin would be anonymous as long as the user does not use Bitcoin to Fiat exchanges as more and more of these require KYC (See my article on Exchanges). Bitcoin would be anonymous as long as the user does not broadcast on social media that they have or use it.

But what mainly keeps Bitcoin from being anonymous is the fact that the Blockchain that Bitcoin is based on is open and permissionless which means anyone at any time can view it.

So how does this fit into Cyber Security and Cyber Awareness?

I recently did a video on Phishing Scams to see how successful they are, I took Bitcoin addresses that clients received in phishing/scam emails and used the explorer tool on Blockchain.com to see the transactions.

Some people do send Bitcoin to the criminal addresses in the hope of avoiding any issues but my advice to anyone who receives these emails, do not respond and most certainly do not send any Bitcoin to them as there is no guarantee that the threats will stop or in cases where data is compromised, that the criminals will not release the data anyway.

The idea of a Phishing attack is just that, fishing. You throw out a net and see who you catch or in this case, who responds. The Bitcoin they receive is the catch of the day.

The most important thing that can be done to combat this type of Phishing Scam is to educate ourselves, our employees and our families about what Phishing Scams are and how they work. To not click on random links or attachments that would open their computer or company up to Ransomware Attacks and if they receive an email claiming to be from a financial institution or government agency, to call directly, not using the information provided in the email but going through the agencies official website or Wikipedia page.

Unfortunately, there is no way to protect ourselves 100% as long as we are connected to the Internet but awareness is the first line of defense that all of us can use, starting NOW.

Take Care.

Helpful Links

U.S. Department of Homeland Security Cyber Security Division: http://bit.ly/2Y1P48a

U.S. Department of Homeland Security, Be Cyber Smart Campaign: https://www.dhs.gov/be-cyber-smart

Business Insider: Bitcoin scammers are sending bomb threat emails to millions around the world, but authorities are confirming ‘NO DEVICES have been found’ https://read.bi/2Qv4bXK

Fox News: New scam tries to blackmail with bogus porn threats https://fxn.ws/2QQETml

Coindesk: Bitcoin Trader on US Sanctions Blacklist Says He’s Innocent https://bit.ly/2AQLPFV

Bitcoin Magazine: Is Bitcoin Anonymous? A Complete Beginner’s Guide https://bit.ly/2ildwk8

Helping Kids Stay Safe Online

As we all know by now, the Internet is great!

Information, connections, and opportunities at the touch of a button or swipe of a finger. As more and more of us go online, and the age of the average user becomes lower and lower, we have to consider the responsibility we have to safeguard the wellbeing of those that come after us into this new digital age.

I was recently out for breakfast with my girlfriend, across from us was a family of three (mom, dad and baby girl) the parents were on their cell phones and the baby, maybe two or three, had a tablet. It made me think, this child will never know a time when she couldn’t find someone or order something by using the device in her hand. She’ll never know a time when notifications, news updates or social media post were not a part of daily life, then I thought, I hope those parents put on the parental controls that came with that tablet because they have no idea what she is looking at right now.

We hear all the time about Cyberbullying, Predators, and kids either viewing or sharing inappropriate material, and while there is no way to 100% protect kids from these things, there are steps we can take to make it just that much harder for them to be exposed.

Many, if not all, tablets and phones produced after 2010, come with some form of parental control. Whether this is blocking access to certain sites or apps or making so that the credit card associated with the account that was set up on the device can not make purchases without a password or code.

There are also features that limit the use time. For example, iOS and Android devices have a setting called Screen Time that turns the device off at a designated time. Another idea is to purchase age-appropriate devices like the Amazon Fire Kids Edition or the Samsung Galaxy Kids and the PBS Playtime Pad.

What about Social Media? Sites like Facebook, Twitter, Snapchat and Instagram are very popular and the ability to connect with friends and family from around the world has helped to make the Internet the wonder it is but there is a dark side. Trolls, Predators, Bullys, and Cyber Criminals abound on the Internet and unfortunately, they do use Social Media as a tool for harassment and worse.

The one thing you can do to protect kids on Social Media is to teach them awareness. Teach them to not share personal information like location or age, teach them to not post pictures of themselves (especially inappropriate pictures), teach them that its not okay to talk to adults online without approval and that it’s okay to tell you if someone says something online that the kids don’t like and not to be ashamed for saying something.
This is no way a complete list but hopefully, it helps to start the conversation that we need to have with the next generation of users and hopefully it will help grow cyber awareness.

Take Care
Jason Nelson
@dragonwolftech

Yes, Exchanges Are The Problem With Crypto

Last year I wrote a post on Steemit titled: Cryptocurrency Exchanges, the 800lbs Gorilla in the room, which you can read at the following link: http://bit.ly/2H3b3q5

Originally my issue with cryptocurrency exchanges was in how long it took for transactions to go through or the fees (Gas) needed to send funds but the more time I spent in this space the more I’ve come to realize that the problem isn’t how long it takes for transactions to go though or how much is required to send or fees or anything like that.

The real problem with the exchanges is the amount of data they collect from users, the fact that for the most part we have no idea who runs them, what they are doing with the money we send them (in cases of fiat to crypto exchanges), and who they are sharing our information with.

Also, consider if a cyber criminal wanted to steal user data, they wouldn’t need to hack the user, they could hack the exchanges.

See: Cryptopia Hacked Again via Crypto Insider: http://bit.ly/2T34Snm

We forget that the whole point of cryptocurrency, especially Bitcoin, is a peer to peer cash system outside of the fiat markets, that was protected by encryption and backed by trust. Now what we have is a space with over 1500 different coins/tokens and an ever growing number of exchanges offering them, where Crypto was meant to be used without trusted third parties, exchanges have in essence become those third parties.

Exchanges wanting to be compliant with government regulations have begun requiring ever increasing KYC or Know Your Customer Policies. Where first KYC was as simple as name and email address, today KYC includes name, address, telephone number and in some cases social security number or drivers license number. Enough information to steal an identity.

We in this space spend a lot of time talking about public/private keys, proof of keys and if hot wallets are worse than cold. But we forget to talk about does the exchange asking for our data use HTTPS, does it operate out of a country under sanctions, are the owner/operators of these exchanges involved with criminals or war criminals? And more likely, will this exchange sale my information to the highest bidder or give it to the first government agency that ask?

As we progress on the path to mass adoption, the likelihood the exchanges still in existence are run by criminal organizations or war criminals will become increasingly less likely but what will increase is the amount of exchanges willing to sale our data or give it over to government.

CryptoCurrency is still a new and exciting place to be but we need to be vigilant in our dealings with the companies that intend to be its gatekeepers.

Take Care

Jason Nelson

@dragonwolftech