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   333

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.

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   269

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.