Is the unknown creator of bitcoin writing a book about it?
That could be concluded from a cryptic message posted on Friday at a Web site possibly linked to Satoshi Nakamoto, the pseudonym used by the person or people who released the original bitcoin white paper in 2008.
The site details the “first excerpt to a literary work consisting of two parts” that promises to be “a short story if you will, with some of the most brought up questions and answers. I wanted the people and the facts to be known.”
In true Nakamoto style, it even includes a cryptogram, which purports to reveal names related to the title of the book.
The answer to the cryptogram appears to be “honne and tatamae,” or “tatemae,” which according to Wikipedia is a Japanese expression that describes “the contrast between a person’s true feelings and desires” and “the behavior and opinions one displays in public.”
Bloomberg News could not independently verify the authenticity of the post or excerpt.
Many journalists have tried and failed to unearth the true identity of Nakamoto, yet it is still a secret within the cryptoworld.
In the excerpt posted on the Web site, the author lists pioneers in early digital asset research such as Adam Back, Wei Dai, David Chaum and Hal Finney.
There are also bits of strangeness in the text, such as the author referring to the “first” genesis block for bitcoin. This was the first block in the bitcoin blockchain released by Nakamoto in early 2009, and yet this new excerpt seems to imply that there are more than one.
The author claims that Nakamoto got involved in the cypherpunk movement that spawned bitcoin as a 14-year-old.
“I’m going to take a moment here to explain something. I know that some of you might be reading this or hearing about it for the first time, might not know, so I should state it publicly, although by now it is assumed, but has never been publicly stated before, so I will make it official,” the author writes.
“Satoshi Nakamoto is not a real name. Specifically, not a legal name. It is primarily the essence of thoughts and reason,” the author says.
In any event, a book by the real Nakamoto would be devoured by bitcoin enthusiasts around the world. Maybe the author gives it away with the first line in the excerpt: “It was inevitable.”
Bitcoin developed after the 2008 global financial crisis traded at as little as US$0.30 at the end of 2010.
The token increased more than 1,400 percent last year as bitcoin exploded onto the mainstream, but the digital asset declined most of this year and crashed through the US$6,000 threshold last week for the first time since February, losing about two-thirds of its value since reaching a record high of nearly US$20,000 in December last year.
Bitcoin rose 8 percent to US$6,338.22 on Saturday as of 5:30pm in New York, according to Bitstamp prices.
While it is difficult to identify specific catalysts for bitcoin’s decline, the bursting of a speculative bubble might be at the heart of the matter amid questions about the virtual currency’s long-term prospects.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip
RSS