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  • Peter Todd denies he’s Satoshi Nakamoto after HBO documentary

    Peter Todd denies he’s Satoshi Nakamoto after HBO documentary

    Solv Protocol introduces Bitcoin staking on Base with cbBTC token
    • Film director, Cullen Hoback, points to Peter Todd as Bitcoin’s inventor
    • Hoback relies on a 2010 web forum post in which Todd responded to one of Satoshi’s post
    • Todd points out that he’s Satoshi “as is everyone else”

    HBO’s latest documentary has named Bitcoin core developer Peter Todd as Satoshi Nakamoto, the mysterious inventor behind Bitcoin.

    “Money Electric: The Bitcoin Mystery,” directed by Cullen Hoback, examines Bitcoin’s early days and some of its key figures. Using old and new clues, Hoback confronts Todd and Blockstream founder Adam Back with the evidence, according to a report from Politico.

    During the documentary’s finale when confronted with a question from Hoback, Todd said: “Yeah, I’m Satoshi Nakamoto.” This is far from being a confession, though, as Todd also said he was Craig Wright.

    Hoback’s reasoning behind Todd being Bitcoin’s creator lies in a 2010 web forum post in which Todd responded to one of Satoshi’s posts. According to Hoback, Todd’s post is a continuation of Satoshi’s that was mistakenly sent from Todd’s account rather than Satoshi’s.

    The film director cited another clue, in which Todd wrote in a blog post that he was “probably the world’s leading expert” on how to sacrifice Bitcoin, adding that he had “done one such sacrifice”. According to Hoback, this was an admission that Todd had sacrificed his ability to access Bitcoin.

    Not a confession

    Todd’s admission is by no means concrete proof that the Canadian developer is the cryptocurrency’s inventor.

    Todd is well known for saying the phrase “I am Satoshi,” In fact, during a 2019 interview in “What Bitcoin Did,” with podcast host Peter McCormack, Todd said, “I am Satoshi, as is everyone else.”

    Ahead of the documentary’s release, Todd denied he was Satoshi after it was leaked online. Following its release, Todd took to social media again to deny he was Satoshi after someone called him out, writing, “I’m not Satoshi.”

    During the documentary, Todd said to Hoback after he presented his theory: “This is going to be very funny when you put this into the documentary and a bunch of bitcoiners watch it.”

    Jameson Lopp, co-founder of Bitcoin company Casa, wrote on X that “wherever Satoshi may be, I like to think they’re having a laugh at this latest round of foolishness.”

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  • Ocean Mining denies censorship allegations amidst Bitcoin transaction controversy

    Ocean Mining denies censorship allegations amidst Bitcoin transaction controversy

    • Bitcoin wallet provider Samourai Wallet accuses Ocean mining pool of censoring transactions.
    • Ocen Mining was specifically accused of censoring Whirlpool CoinJoin and BIP47 notification transactions.
    • Ocean’s founder, Luke Dashjr, denies intentional censorship, attributing the issue to a bug in Samourai Wallet’s software.

    In a recent twist within the cryptocurrency space, one of the Bitcoin wallet providers Samourai Wallet has accused Ocean, a prominent BTC mining pool, of censoring specific Bitcoin transactions.

    The controversy involves not only technical accusations but also points fingers at industry figures, including Luke Dashjr, a Bitcoin Core developer and founder of Ocean.

    Ocean’s denial and counterclaim

    Ocean mining pool swiftly refuted Samourai Wallet’s allegations, asserting that the perceived censorship is not a deliberate policy but, rather, a bug within the wallet provider’s software. Luke Dashjr dismissed the claims and suggested that the responsibility lies with Samourai Wallet to rectify the issue on their end.

    The technical disagreement revolves around a purported 46-byte limit imposed on the OP_RETURN function, restricting certain transactions.

    Community divided over the accusations

    The crypto community finds itself divided on this matter. While some advocate for the “80 Bytes is 80 Bytes” standpoint, emphasizing adherence to technical specifications, others believe that the alleged censorship may be unintentional and advise Samourai Wallet to address the bug in their software.

    Brad Mills from Nostr Wallet weighed in, asserting, “There’s no policy to censor Whirlpool or privacy-preserving transactions.”

    As accusations persist, Samourai Wallet remains steadfast in its claims, accusing Dashjr of deception and rallying the community to scrutinize the situation further.

    This controversy underscores the ongoing challenges in the cryptocurrency realm, highlighting the need for collaboration and technical resolution to ensure the smooth functioning of the Bitcoin network. As the community awaits further developments, the intricate dynamics between wallet providers, mining pools, and developers are brought to the forefront.

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  • Blast founder denies Ponzi scheme claims as TVL rockets past $400 million

    Blast founder denies Ponzi scheme claims as TVL rockets past $400 million

    • Blast was supported by a $20Ms investment from notable backers like Paradigm and Standard Crypto at launch.
    • Blast is facing Ponzi scheme claims.
    • Roquerre clarifies that Blast’s 4 to 5% yield comes from reputable platforms like Lido and MakerDAO.

    In a recent twist of events, Blast has faced scrutiny and Ponzi scheme claims. However, the founder, Tieshun Roquerre, has vehemently denied these allegations.

    Despite ongoing debates, the recently launched Blast platform has achieved a significant milestone with a Total Value Locked (TVL) exceeding $400 million, emphasizing the platform’s rapid growth and unique features, including ‘Blast Points’ for community engagement and an innovative approach to Layer 2 (L2) native yield generation.

    As the platform gains attention with a Total Value Locked (TVL) surpassing $400 million, Roquerre has sought to clarify misconceptions surrounding Blast’s innovative approach to yield generation and community engagement.

    What is Blast?

    Launched in an invite-only early access mode, the Blast platform has quickly garnered attention, raising $20 million from investors including Paradigm and Standard Crypto.

    With a TVL exceeding $400 million, the platform’s unique features, such as ‘Blast Points’ for community engagement, have contributed to its rapid growth. The TVL milestone reflects confidence from investors and users alike, despite ongoing debates about the platform’s viability and security.

    Blast positions itself as the first Layer 2 (L2) with native yield. Promising an EVM-compatible optimistic rollup, the platform allows users to earn yield on stablecoins. By bridging assets like USDC, USDT, and DAI to Blast, users participate in on-chain T-Bill protocols like MakerDAO, receiving yields in Blast’s auto-rebasing stablecoin, USDB.

    Despite concerns about a lockup period and the L2’s yet-to-be-launched status, Roquerre envisions Blast’s potential impact on reducing transaction costs and enhancing institutional-grade NFT perps.

    Addressing Blast’s Ponzi scheme claims

    Tieshun Roquerre, the founder of Blast, has responded to allegations labelling the platform as a Ponzi scheme.

    Roquerre strongly refutes these claims, emphasizing that Blast’s 4 to 5% yield is sourced from reputable platforms like Lido and MakerDAO. He points out that these yields are a result of Ethereum’s staking rewards and on-chain T-Bills, positioning them as sustainable components within the crypto economy. Roquerre’s commitment to transparency aims to dispel misconceptions surrounding Blast’s financial model.

    As Blast navigates its early stages, the cryptocurrency community remains vigilant, observing the platform’s progress and assessing its potential impact on the evolving landscape of crypto finance.

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