Crucial Satoshi Nakamoto Message Shared by Bitcoiner Samson Mow
AD
Dogeverse
Home
News
Samson Mow
Crucial Satoshi Nakamoto Message Shared by Bitcoiner Samson Mow
ADVERTISEMENT
article image
Yuri Molchan
Bitcoin proponent Mow has stressed positive sides of BTC, citing its creator, Satoshi
News
Fri, 26/04/2024 - 10:22
0:00
Crucial Satoshi Nakamoto Message Shared by Bitcoiner Samson Mow
Cover image via www.youtube.com
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Read U.TODAY on
Google News
Contents
Mow shares Satoshi Nakamoto's quote
Bitcoin Omega candles inevitable
ADVERTISEMENT
Samson Mow, a Bitcoin maximalist and the chief executive at Bitcoin adoption-focused company Jan3, has gotten involved in a discussion about Bitcoin privacy and the real identity of Satoshi Nakamoto.
Talking about privacy and how it can be maintained, he quoted the pseudonymous Bitcoin creator on this account.
Mow shares Satoshi Nakamoto's quote
Samson Mow quoted a statement made by Satoshi Nakamoto in the Bitcoin white paper. In that section of the document, Satoshi suggested a way of maintaining privacy that is alternative to the way banks do it. “The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party.”
However, Nakamoto suggested that privacy could also be maintained in a different way for Bitcoin – by keeping private keys anonymous. This way, everyone would be able to see that one party is sending funds to another but the wallets would stay anonymous and transactions would not be linked to anyone in particular.
Ledger CTO Charles Guillemet commented that “Pseudonymity is a weak form of privacy.” In response, Mow suggested that he name who Satoshi was in reality.
Related
Bitcoin Omega Candles Inevitable After Halving: Samson Mow '$1 Million BTC' Advocate
Bitcoin Omega candles inevitable
In a recent interview with Forbes, Samson Mow predicted that Omega Bitcoin candles should appear soon. He referred to large greed trading candles, whose emergence is surrounded with high volatility.
Now that the Bitcoin halving has taken place, block rewards have shrunk by half, and now they constitute 3.125 BTC versus 6.25 BTC beforehand.
Mow is positive that this halving will eventually create a Bitcoin supply shock. When spot Bitcoin ETFs began scooping up BTC from the market in January, buying the 12x BTC that miners produced per day (900 BTC in daily output), they began creating a Bitcoin demand shock, Mow said in his earlier tweets.
When supply shock meets demand shock, Omega candles are likely to start appearing, Mow believes, and this will take the world’s flagship cryptocurrency to the much-anticipated $1 million level.
Between Friday, when the halving took place, and Wednesday this week, Bitcoin surged by almost 10% to reach the $67,000 level. However, by now, the price has declined by 3.76%, and Bitcoin is changing hands in the $64,400 zone.
About the author
article image
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
related image
2024/04/27 11:40
Bitcoin: What Caused $157 Million Price Plunge?
Tomiwabold OlajideTomiwabold Olajide
related image
2024/04/27 11:13
XRP Eyes Big Bullish Rebound, Here Are Catalysts to Watch
Godfrey BenjaminGodfrey Benjamin
related image
2024/04/27 11:13
Is Bull Run Over? Legendary Trader Peter Brandt Warns of Impending Bitcoin Collapse
Gamza KhanzadaevGamza Khanzadaev
U.TODAY
Your email address
ADVERTISEMENT
BTC
$ 62,798.4 (-1.34%)
Last updated: Just nowUSD Vol: $ 914.89 M
Mkt Cap: $ 1,236.56 BAll Vol: $ 13.02 B
Subscribe to email
Price Index
Bitcoin
Ethereum
XRP
Latest Press Releases
So.Social: Creating a More Sovereign DAO
SNUKE Meme Coin Launches Presale, Is This The Next Solana Meme Coin To Explode
Dubai Defies Nature's Fury: Global AI and Blockchain Shows Shine Through Adverse Weather
Our social media
There's a lot to see there, too
Popular articles
Bitcoin: What Caused $157 Million Price Plunge?
XRP Eyes Big Bullish Rebound, Here Are Catalysts to Watch
Is Bull Run Over? Legendary Trader Peter Brandt Warns of Impending Bitcoin Collapse
Our social media
There's a lot to see there, too
Subscribe to daily newsletter
By pressing the "Subscribe button" you agree with our Privacy Policy
News
Stories
Price Analysis
Guides
Advertise
About
Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.
