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   1306

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.

Israeli BTC Investors to Face Catch 22

They need to pay taxes from Bitcoin investing in order to avoid their property arrest, but banks don't take their money due to AML issues
06 August 2019   168

Bitcoin investors in Israel are faced with the impossibility of paying taxes, as local banks refuse to accept funds received from the sale of cryptocurrencies because of the risks of money laundering and terrorist financing. About this writes the local edition of Haaretz on August 6.

Bitcoin is not recognized as a currency in Israel, therefore, individuals must pay 25% of the income from cryptocurrency trading to the treasury, and legal entities - 47%.

Investor Ron Gross told the publication that he acquired bitcoins in 2011 and reported his income to the tax office. In 2017, the bank that served Gross began to refuse to accept funds received from the sale of bitcoins. The investor met with representatives of the bank to demonstrate to them a 70-page history of bitcoin transactions as confirmation of the origin of the funds, but failed to convince them.

The tax authority is aware of the problem, but they say the ball isn’t in their courts. I’ve tried working with almost all the banks, but the minute they hear the word ‘Bitcoin’ they freeze up.
 

Ron Gross

Bitcoin investor from Israel

 

Since Gross was unable to pay taxes on time, his bank account, home, and even scooters were arrested. According to the investor, the tax authorities know about the problem, but can do nothing.

According to Haaretz, the tax office is aware of $ 86 million in unpaid taxes on income from cryptocurrency trading. It is possible that the real amount may be significantly higher.

Roy Arav, another Bitcoin investor, kept the proceeds from trading Bitcoin in an account with Israeli bank Discount under the control of the Bit2C exchange. The bank refuses to transfer money to Arava’s personal account under the pretext that its politicians forbid it to transfer funds related to virtual assets to client accounts due to the risks of money laundering and terrorist financing.

Arav also could not pay taxes and was forced to sue the bank. According to the investor, the authorities entered his position and granted him a deferral of time for the consideration of the claim.