Satoshi Himself May Write a Book

Anonynous author who calls himself a Satoshi Nakamoto plans to release a book to answer main crypto community issues
02 July 2018   1990

On the site nakamotofamilyfoundation org an unknown author published information about the appearance of abook revealing the identity of Satoshi Nakamoto and those who are behind the creation of bitcoin, Wired reports.

As reported, Satoshi Nakamoto himself wrote the text. The author stated that he plans to release a book with answers to the most exciting issues of the crypto community. However, there is no guarantee that the work will be completed at all.

The text also has a reference to the cryptogram, which is related to the title of the book. A simple substitution of numbers for letters gives the transliteration of the Japanese phrase "honne and tatamae", which means the contrast between the true intentions of man and their external manifestations.

The first chapter of the autobiography, which shows Satoshi's thoughts during the creation of the cryptocurrency, has already appeared on the web. In this passage, it is said that the prerequisites for the creation of bitcoin were the studies of Adam Beck, Wei Dai and Hal Finney.

It would either work really well and catch on, or fail spectacularly. And although I saw many uses for bitcoin outside of the traditional ones, such as narrow niches where traditional currency didn't really fit in—reward points, donation tokens, in game currency, things like that, I never did expect bitcoin to catch on the way it did and to be in direct competition with fiat currency.
 

'Satoshi' Book's First Chapter

The chapter tells that Satoshi first began to publish reports about bitcoin on the net when he was 20 years old. At that time he worked as a researcher in the university laboratory. According to the author, the alias "Satoshi Nakamoto" is the equivalent of "John Smith" in the US, and does not in any way confirm that the creator of crypto currency is originally from Japan.

Also it is noted that from the age of 14 Satoshi was fascinated by the cypherpunk, on which the principles of bitcoin are based. The author writes that the project that changed the world appeared after a series of unsuccessful attempts made by various people. Satoshi succeeded in his business only because he was at the right time at the right place.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   308

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.