- Story Log
User | Time | Action Performed |
---|---|---|
-
The story behind Bitcoin Pizza Day: celebrating a milestone in cryptocurrency history
Bitcoin, the world’s first decentralised cryptocurrency, has made headlines for its dramatic price swings and potential to revolutionise the financial world. However, not many are familiar with one of its most celebrated days: Bitcoin Pizza Day. This annual event commemorates the first real-world transaction using Bitcoin, which took place on May 22, 2010. Here’s the fascinating story behind this unique celebration and why it’s important for both seasoned crypto enthusiasts and curious newcomers. The Birth of Bitcoin Pizza Day The story begins with Laszlo Hanyecz, a programmer and early Bitcoin adopter. On May ... (full story)
- Comments
- Subscribe
-
- Older Stories
Before discussing the features of spot Ethereum ETFs, it is essential to emphasise that they have yet to be approved for trading in the U.S.—but futures Ethereum ETFs have been ...
Bitcoin price stalled during the weekend after staging a strong recovery late last week. The BTC/USD pair was trading at 66,700 on Monday, higher than last week’s low of 60,000. ...
post: Judge Mellor has just delivered his written judgment that Craig Wright is not Satoshi, which carefully dissects Wright’s tangled web of forgeries and lies. Thanks to community support, COPA proudly stands for truth and justice. We look forward to developers continuing their… post: Today’s ruling is the result of a concerted and united effort across the entire open source community - from developers, to those who selflessly contributed to funding this important case, to all members of COPA. THANK YOU ALL for the time, dedication and support. Your efforts…Approved Judgement Dr Craig Steven Wright (‘Dr Wright’) claims to be Satoshi Nakamoto i.e. he claims to be the person who adopted that pseudonym, who wrote and published the first version of the Bitcoin White Paper on 31 October 2008, who wrote and released the first version of the Bitcoin Source Code and who created the Bitcoin system. Dr Wright also claims to be a person with a unique intellect, with numerous degrees and PhDs in a wide range of subjects, the unique combination of which led him (so it is said) to devise the Bitcoin system. 2. Thus, Dr Wright presents himself as an extremely clever person. However, in my judgment, he is not nearly as clever as he thinks he is. In both his written evidence and in days of oral evidence under cross-examination, I am entirely satisfied that Dr Wright lied to the Court extensively and repeatedly. Most of his lies related to the documents he had forged which purported to support his claim. All his lies and forged documents were in support of his biggest lie: his claim to be Satoshi Nakamoto. 3. Many of Dr Wright’s lies contained a grain of truth (which is sometimes said to be the mark of an accomplished liar), but there were many which did not and were outright lies. As soon as one lie was exposed, Dr Wright resorted to further lies and evasions. The final destination frequently turned out to be either Dr Wright blaming some other (often unidentified) person for his predicament or what can only be described as technobabble delivered by him in the witness box. Although as a person with expertise in IT security, Dr Wright must have thought his forgeries would provide convincing evidence to support his claim to be Satoshi or some other point of detail and would go undetected, the evidence shows, as I explain below and in the Appendix, that most of his forgeries turned out to be clumsyFollowing his ruling at the end of trial that Craig Wright is not Satoshi Nakamoto and not the author of the Bitcoin White Paper, today, Mr Justice Mellor has handed down his written judgment in the COPA v Wright trial. Across its 1736 paragraphs, the judgment forensically demolishes Wright’s fraudulent claims, finding every aspect of his claimed identity to be a lie. Notably, Mr Justice Mellor finds that: Wright’s evidence was “at best questionable or of very dubious relevance or entirely circumstantial and at worst, fabricated and/or based on documents I am satisfied have been forged on a grand scale by Dr Wright”. Wright was personally responsible for the creation of each of the forgeries that COPA alleged. Wright failed to understand basic aspects of Bitcoin technology. And that Wright, “is not nearly as clever as he thinks he is. In both his written evidence and in days of oral evidence under cross-examination, I am entirely satisfied that Dr Wright lied to the Court extensively and repeatedly….” Justice Mellor concluded: “Dr Wright’s attempts to prove he was/is Satoshi Nakamoto represent a most serious abuse of this Court’s process… It is clear that Dr Wright engaged in the deliberate produ
-
- Newer Stories
Craig Wright, the controversial crypto entrepreneur, lost an attempt to prove he was the inventor of bitcoin in the High Court when Mr Justice Mellor made his ruling at the end of ...
Thank you, Mark, for the kind introduction, and good morning to all of you.1 I am happy to be here. Today, I will do three things. First, I'll share with you my current outlook for the US economy. Second, I'll discuss my thinking on the current stance of monetary policy. Third, I'll review the dynamics of housing prices which can feed into the persistence of inflation. My focus on housing price dynamic stems from the role housing plays in the American economy. For most families, a home is their largest-ever purchase and their most valuable asset. Capital markets professionals in real estate finance, like you, are crucial to the smooth operation of the housing sector. Families making housing decisions rely on a healthy and productive housing finance sector. The housing sector is also one of the most interest rate–sensitive sectors of the economy. As such, it's an important channel of monetary policy transmission. Understanding the various channels of monetary transmission is crucial to fulfillment of the dual mandate given to the Federal Reserve by the Congress: maximum employment and stable prices. This mandate guides my thinking about monetary policymaking. With that, I'll turn to my outlook for the US economy. Aggregate Economic Activity The U.S. economy continues to grow at a solid pace. Adjusted for inflation, GDP was reported to have increased at a 1.6 percent annual rate in the first quarter of 2024. That was a moderation from a 3.4 percent expansion in the fourth quarter of last year. However, private domestic final purchases—which excludes inventory investment, government spending, and net exports and usually sends a clearer signal on underlying demand—grew 3.1 percent in the first quarter. That was about as strong as the second half of 2023. post: Fed's Jefferson: Policy Rate is in Restrictive Territory Jefferson: April’s Better Inflation Reading is Encouraging Jefferson: Long-Term Inflation Expectations Show Americans Believe Fed Will Make Good on 2% Inflation Goal
- Story Stats
- Posted: May 20, 2024 8:37am
- Submitted by:Category: Educational NewsComments: 0 / Views: 132