Your TV A Bitcoin Miner?

Yes, China-based Bitcoin mining products maker, Canaan Creative has revealed it’s plans to marry hardware and everyday products into one Bitcoin mining relationship.

South China Morning Post reported that Canaan has launched something called “AvalonMiner Inside. A TV set which can process 2.8 trillion hashes per second. Wow. That’s hot. Literally it’s going to be really HOT.

Bitcoin mining is already utterly difficult, high energy consumption and creates a lot of heat.  I’m just not sure how you would run a 1700W miner + an AC unit pulling between 6-12 amps on the same circuit.  Even then how much power would be wasted on cooling the miner?  These sure sound cool but would be very impractical.  Also consider that if the hashing units break then you probably can’t use your AC unit and vice versa (unless of course the two can be used separately if needed).

Canaan’s not the first company to try meshing mining and consumer products. Bitcoin start up 21 Inc and Chinese appliance manufacturer Midea Group have tried in the past to create appliances like AC units with chips inside that could mine. They even made a patent for the idea.

But not everyone is excited about Canaan’s and these other companies bold ideas.  Xiao Lei, a Beijing-based Bitcoin Analyst, said “It looks more like hype. It will be more meaningful if these companies are able to embed the mining function into existing major TV brands.”

Canaan has also debuted the Avalon Miner A9, which provides a hashrate of up to 30 TH/s, with a power consumption of 1,720 watts per unit, according to Canaan’s website. The price of the new miner has not yet been disclosed on the website.

How much power do you think this will need to cool down? Bitcoin mining is essentially extremely difficult now, with almost over 80% of the hashing power coming straight from Chinese mining farms. So these products will not help the average person trying to mine. In fact, unless you had been mining it early on, these products are more so hype then anything else and giants like Canaan are trying to jump on the ‘bitcoin bandwagon’ to make some money and then swiftly leave.

Canaan took in 1.3 billion yuan (about US$205 million) in revenue in 2017, a 27-fold increase from the year earlier. Its profit in 2017 was 361 million yuan, up more than 230-fold from 2015, according to its filing to the Hong Kong stock exchange.

In 2017, Avalon miners accounted for 19.5 per cent of the world’s processing power for mining bitcoin, the filing said, citing data from consulting firm Frost & Sullivan.

So they’re doing alright. But again, Bitcoin mining is extremely difficult and this TV thing is going to need incredible amount of cooling down. It would be interesting to see how this is done, since TV’s are already hot enough.

What do you think? Would you purchase this?

Cheers,
A.Yasir

 

 

 

VMWare 6.7 A Blast From The Past

Or A Blast To Their Market?

I’ve used VMWare on and off over the years but mainly during the pre-opensource days before the days of Virtualbox, KVM, Xen, OpenVZ etc…  and have dabbled and helped maintain some VMWare clusters over the years.

Anyone familiar with VMWare or who Google’s it will see lots of dire warnings about upgrading to the next version since the upgrades often break existing servers.  This is mainly not because of the Linux Kernel but VMWare seems to have a policy of blacklisting and hardcoding what network adapters, ILOs and CPUs are supported in each release.

Indeed the majority of blogs you will find deal exclusively with warnings of what is not supported and how to get around various restrictions.

But 6.7 seems like a marked departure from the standard.  It has dropped support for the majority of CPUs previously supported even up to 6.5.

I’ve also found it be fairly buggy especially getting vSphere working nicely on 6.7 ESXi hosts.

So this brings me to the next point, VMWare has literally shrank their market share but making it so their existing customers or a lot of people who may have used VMWare literally cannot use it (at least not with the latest 6.7 version).  Since there is not a lot of hardware that supports 6.7 the logical solution for many, even existing users is to simply migrate their VMWare VMs to something opensource based on KVM whether that would be Proxmox, oVirt, OpenStack etc…

Now, I do understand VMWare wants to prevent their marketshare and they’ve likely worked out agreements with hardware manufacturers on what gets obsoleted since a lot of large corporate customers will simply just buy brand new hardware that is supported.

But to me it’s just not a green solution when the same “obsolete” hardware is more than capable of supporting large scale computing infrastructure for a long time to come.  Computing power is so affordable and up there today the problem for hardware manufacturers is that so many organizations even with old hardware don’t need to upgrade (of course save for VMWare mandatory hardware obsoletion).

Aside from all of this VMWare is a fairly good system but I feel it is starting to quickly become attractive after reviewing a lot of community feedback and talking to colleagues in the industry.  There’s a huge push to migrate to KVM based virtualization and I feel the latest VMWare 6.7 will hasten this move.

Trons Disappointed Fans

Fans That Disappoint

Fans and supporters took to social media to show their disappointment after the ‘secret announcement’  late last night. Justin Sun and the Tron Team apparently didn’t deliver the ‘marketing & shine’ that people expected.

They were expecting the ‘secret’ segment of the announcement to have more ‘pizazz’ and when they didn’t get it, sent off a twitter storm to console each other or complain. Some going as far expressing how they need to do better marketing and hire people who can do a better job presenting with more enthusiasm….

The other side were die hard supporters (who are capable of ignoring even the bad portions of what Tron does) were saying for once something I agree with: that it’s not about the marketing, it’s about the project.

This complaining about the lack of marketing is a serious issue for me. In an age of ICO scams because of all the marketing glitter, you would think the project is what matters most, not the marketing. If you only focus on the marketing you’re going to miss out. And many thousands missed the followings from the Tron Secret Announcement:

1. TVM- Tron virtual Machine. Is lightweight, Turing complete virutal machine devised for the development of Tron’s ecosystem. It aims to provide millions of global developers with a custom- built system for blockchain that’s efficient, stable, secure and easy to optimize, essentially developer-friendly.

2. 40 mainstream exchanges including Binance, Bittrex, Bitfinex, Upbit, Huoni and OKEx have completely the token migration from the worthless ERC20 tokens to Tron’s mainnet TRX without any financial loss so far for the users- although not all normal users/investors have made the exchange.

3. Tron mainnet so far is running smoothly.

4. There are a total of 92,424,664,154.355837 ERC20 Tokens burnt, accounting for 92.42% of the total issued. Before the migration is completed, the remaining ERC20 tokens will remain valid for exchange at Binance and Gate.io.

5. The TRON network will serve as the underlying protocol of Project Atlas. Hundreds of millions of BT users across the globe will become part of the TRON ecosystem. BT will be the largest application on the TRON network, which will allow TRON to surpass Ethereum on daily transactions and become the most influential public blockchain in the world.

As some might know from my previous post about Tron’s lack of care during this migration, I’m not exactly happy with Tron. The migration itself really unsettled me on their ability to actually do properly what they want with investors in mind. But this ‘marketing and glitter’ issue that most of the supporters and fans are complaining about, makes me uneasy that I’m investing in something that people heavily depend on to be marketing savvy.

Dogecoin is a better investment than many of these ICOs and new coins yet it lacks excitement and flair.  Cryptocurrency users and investors are inviting an ecosystem that rewards exciting sound scams and widgets that are guaranteed to fail.  This may work for the short-term but in the long-term it will be the difference between life and death for currency, projects and profit/loss to the investor.

Tron is actually a really good project, it’s made some great strides, and taking steps in the right direction. Do they need to be marketing hype all the time, especially when Investors like me just want the straight talk about what’s happening and what they are doing.

There’s a serious lack of common sense in cryptocurrency and the investors too.

This is money. This isn’t a high school popularity contest, where you need sparkles every time they hold a dance. And this should mean a lot coming from me, considering I am incredibly hard on Tron for their fiasco of a migration.

These are not issues. Their job is to make the project a success and take Tron to new levels, not to sit there with a marketing team to sparkle you with every meeting.

We have real issues here with Tron, and none of it has to do with their marketing. People really need to look at those issues instead of being upset about the marketing or Justin Sun’s lack of ability to wooo you.

What do you think, am I wrong? Should there be more marketing sparkle for cryptocurrency projects?

Cheers,
A.Yasir

 

RAID in 2018

Still Not Quite Obsolete

I’ve talked to a lot of professionals in the IT industry and some surprisingly don’t even know what RAID is!  Others think it is unnecessary, while some think RAID is a replacement for backups still (something admins and hardware techs have been harping about for decades now).  First, I’ll give a quick introduction into what RAID is, what it isn’t and its applications in the real world.

RAID stands for Redundant Array of Independent Disks.  I think the term is a little bit unnecessary in todays’ world but let’s break it down.

First of all we are talking about an array of connected, separate hard disk drives.  These could be 2.5″, 3.5″, SAS, SATA or SSD as far as our implementation and OS they are all essentially the same to the computer that they are connected to.

There are 5 levels or versions of RAID as follows:

  1. RAID 0 AKA striping (two drives required).  This takes two identical hard drives and combines their performance and capacities to make what appears to be a single drive.  Performance with 0 is excellent but the disadvantage is that a failure of any single disk will result in dataloss and the array going offline.  There is no recovery except for backups.   I never recommend RAID 0.
  2. RAID 1 AKA mirroring (two drives required).  It is called mirroring because both drives contain an identical copy of the data. Performance is enhanced on reads because data can be read twice as fast but simultaneously reading from the 2 separate hard drives at once.  There is a performance penalty in terms of writing since the data must be written to both drives at once (however this is usually not an issue for most servers since the majority are read intensive on average).
  3. RAID 5 (3 + drives required).  RAID 5 has in the distant past been one of the most common RAIDs as it provides enhanced performance and some redundancy but it is very prone to faults, failures and slow rebuild times.  It uses a parity drive that is essentially spread between the others but this parity often results in performance degradation unless a hardware RAID card is used.    It can withstand a single drive failure but NOT 2 drives.  Performance of reads is good but the parity calculations slow down performance.
  4. RAID 6 (4+ drives required).  Similar to RAID 6 but two drives are used for parity so it could survive 2 drives failing and is more fault tolerant.  It takes even longer to rebuild on RAID 6 than RAID 5. Performance of reads is good but the parity calculations slow down performance.
  5. RAID 10 AKA 1+0 (requires 4 or more drives).  It is a combination of the sum of two RAID 1 arrays, striped together as a RAID 0.  It delivers excellent performance and is fault tolerant (a drive of each RAID 1 could die without any ill effect aside from some performance reduction).  Rebuild times are similar to RAID 1 and are much faster than RAID 5 or 6.

Rather than over complicating this issue I will try to give a practical take in 2018 of what RAID means.  Some have said RAID is obsolete but usually they are referring to the nearly impossible resync or rebuild times on large multi-terabyte RAID 5/6 arrays.  I would agree there as I’ve never liked RAID 5 or 6 and whether you like it or not it is very impractical to use.

So what is the best way to go?

RAID 1 If you only have 2 drives then I think RAID 1 is an excellent trade off.  It is quick and easy to resync/rebuild, a single drive can die and you will still not have any data loss, yet when both are active you have a performance boost in

RAID 10 If you have 4 drives you gain extra performance in a RAID 10 configuration with fault tolerance that a single drive on each RAID 1 could die without dataloss.

The main disadvantage is that with RAID 1 and RAID 10 you are essentially losing 50% of your storage space but since storage/drives are relatively cheap I think it’s been a worthy tradeoff.

There are some people who spout that “drives are more reliable today” and “you don’t need RAID anymore” but I hardly find this true.  I’d actually argue that SSD drives may be more unreliable or unpredictable than mechanical hard drives.  One thing we can all agree on is that the most likely component to fail in a server is a hard disk and that’s not likely to change any time soon as much as we like to believe flash based storage is more reliable.  I’d also ask anyone who thinks running on a single drive (even with backups) that isn’t the performance benefit and redundancy worth running RAID?  I’m sure most datacenter techs and server admins would agree that it is much better to hotswap/replace a disk than it is to deal with downtime and restoring from backups right?

Now for the warnings.  RAID “protection” is NOT a replacement for backups even if nothing ever dies.  The reason for this is to understand the misleading term of RAID “protection” that some in the industry use.  It is true in sense that you are protected from dataloss if a single drive fails (or possibly 2 in some RAID levels).  However this doesn’t take into account natural disasters, theft, accidental or willful deletion or destruction of data.

I’d say as it stands in 2018 and beyond that everyone should be using at least RAID1 or RAID10 if possible in nearly every use case.  There are a few possible exceptions to this rule but they are rare and even then you should aim for as much redundancy as possible.

In conclusion, if you can use RAID 1, preferably RAID 10. If you can’t use RAID, learn and use it anyway.

Cheers!
A.Yasir

“The Future Of Money”

US House Of Representatives

The United States will begin official hearings on cryptocurrency on July 18 2018, on a live stream for the general public to listen on the hearings. The title of this hearing is “The Future of Money: Digital Currency’, somewhat acknowledging that bitcoin and cryptocurrency at least has the potential of being the ‘new cash’ if not the only ‘cash’ of the future. As technology develops, having digital cash is the next natural course.

The exact list of people attending hasn’t been released, but it’s expected to be presided over by the legislators and cyprtocurreny experts. When I hear cryptocurrency experts though, there’s a few worries that come to mind.
The first is that ‘most’ if not all cryptocurrency ‘experts’ tend to completely negate the security portion of digital currency, upselling completely unsafe technology. Which is a legitimate concern surround cyprtocurrency. It’s not fully anonymous like people think, Bitcoin is traceable for example. Public ledgers, permissionless public blockchain, and no central authority within the community to protect the currency itself, are all concerns. Ripple does this fairly well, but still lacks considering their bank affiliations and their motivation to dump XRP (which is unlikely but still worrying).

This hearing will look into the security concerns related to cryptocurrency and curbing issues like money laundering, but experts would have to present a solid case, to show that it’s not different than laundering fiat or gold bars for that matter.

The US congress had released an economic report in March of this year that highlighted the benefits of cryptocurrency and why using it would be good for the economy. Which is a surprising change of mood considering how the Federal Reserve has been on behaving towards it. Perhaps fear that the debt system that they created for over a century is going to break down.

What do you think? Will this hearing  finally give Bitcoin and cryptocurrency the boost it needs after 6 months of FUD?

Cheers!
A.Yasir

Shatner’s Not Giving ETH

Shatner Scam Smack Down

With the release of new cryptocurrency reports, we have seen a total failure of multiple projects that either were flat out scams or failed projects that made billions of dollars with no intention of ever following through.

But it’s not just ICO projects that took billions in revenue from scamming or not producing their projects, it’s the flat out Multi Level Scams (which are basically pyramid schemes) or businesses that promise to send you 20 ETH or Bitcoins after you send .05 of the said cryptocurrency. Most people know, this is a warning sign. Even if they insist they need that 0.5 to confirm your address, it’s still a warning sign that many people have obviously missed. Millions are said to be lost this way.

Privacy coin “Verge coin”, set up a twitter account earlier this year, and 2 days later it was hacked.

QJdhPNbz59E0i_ZWxAPvEwVazlDHU0-GOBzrsWj3jXo

Of course, they regained control of their account, but the damage had been done. And this alone should have killed Verge, as a privacy coin token to get so easily hacked by scammers who told people to send any amount of XVG to get double back. We can only hope that the people investing weren’t stupid, but it happens. After all this is their official account that these hackers took over.

In my opinion this alone should have killed the Verge token altogether, but I guess people were able to forgive it and continue on, after all, people had invested heavily in this project and need it to succeed. I had demanded my investment back, as I demanded from Finom– another scam project that has no intention of actually producing the project. To Tron, that suddenly threw a curve ball to have people transfer their money from their wallet to the Exchange or risk losing your entire investment…yeah these aren’t good signs and it makes me extremely distrusting of their project. If this were a bank, people would be outraged and the lack of outrage is why these Projects like Tron are getting away with it.

Then we have celebrity endorsements? Should we hold celebrities like Mayweather responsible for supporting projects, even if they are scams without their knowledge or with? Most celebrities endorse products and services that they don’t necessarily believe in, but aren’t held responsible for those endorsements.

And then there’s the celebrities that without their knowledge had their name hijacked to sell a scam. William Shatner was one said victim, Shatner posted on twitter:

“BTW another fake me is pushing a pump and dump crypto Ponzi scheme: @Wiliiamshatners
– William Shatner (@WilliamShatner) July 2, 2018

Other celebrities who have been impersonated include John McAfee (who is very active in the cryptocurrency world); Elon Musk, Vitalik Buterin, one of the founders of Ethereum; Sir Richard Branson and even Donald Trump.

When choosing a project to buy into or invest in, you have to make proper choices. If an account like @WiliamShatners is tooting that they will give you 20 ETH if you send 0.5 ETH, do some due diligence. Confirm if this is an official account, go on reddit and see what people have to say about it. Directly message your doubts and concerns. If it’s the real deal, well then they should have to prove it.

But sometimes even with all the proper research, you will still fall victim to shitty projects and scams, but that’s life. I’m sure even though Mr. Shatner from his official twitter account posted that he isn’t the scam twitter account giving ETH, people will have probably still bought from it before it was taken down. How many thousands? Or millions? I guess we won’t know.

But this is just another reminder, that we need to centralize cryptocurrency under the general crypto community, or have these scams continue under the guise of decentralized. Nothing, not even Bitcoin or Ethereum is truly decentralized.  And even real coins can act like scams with their policies and sudden changes to the scope of the project. If the project no longer values the investor, it’s a shit coin and you should dump it. If a celebrity is endorsing a project, find out if its really them- reddit is usually a good place to filter the garbage or see some garbage.

And in the end, you have to do your own research. RESEARCH is key.

Cheers,
A.Yasir

The Truth About Laundering Bitcoin

It’s The Same As Laundering Fiat, Just Smaller.

CCN.com reported that CipherTrace released their Q2 2018 report that noted the rise of cryptocurrency crime, money laundering and other illicit activities. One particular glaring item was a $1.2 billion figure, that had been laundered through cryptocurrency tools such as Bitcoin Tumblers and privacy coins like Zcash and Monero.

Now this isn’t really news. We already know about Drug trafficking busts, weapons and human trafficking busts, which the different levels of the US government have made on the dark web. But what this is suggesting is that not only is crime up using Bitcoin, but ransom is also up. And it’s implying that it’s only happening to Cryptocurrencies and not really happening to such an extent to Fiat- which is incorrect.

The Problem
The problem I have with CipherTrace’s reports and other reports of such nature, is the idea that only cryptocurrency is used to do crimes. Now the report isn’t suggesting that, but it’s implying it. Fiat money has been doing daily orders of crimes for decades. Just recently a large scale report in British Columbia revealed that the Liberal government looked the other way while criminals used casino’s to launder millions of dollars- literally duffel bags of $5, $10 and $20 bills, and the casino staff were told to turn the camera’s away. The government let this slide, even the RCMP, because it created a booming economy in B.C. The results cost lives and livelihoods:

“At an event Wednesday to release the report, Eby said money laundering in casinos was linked to the opioid crisis that has claimed thousands of lives and to escalating housing prices that have made life unaffordable for British Columbians.”

Which is serious considering houses that should actually be worth $500,000 are now worth over $1million in a mere 6 years.

Fiat’s Way Worse
Fiats been used to launder money, crimes, wars, arms deals, genocides, human and sex trafficking of children and much more for decades. Anyone willing to stop investing in real estate because of the money it’s laundered? Anyone willing to stop using a bank because of their very real crimes of over charging people on transactions and NSF’s? Anyone willing to stop paying their government taxes because of their illegal invasions and human rights violations?

NO? Well stop complaining about crimes with cryptocurrency. Its not good and slowly a system will be created to hopefully limit such crimes. At least cryptocurrency will grow and smooth this out, Fiat money has had decades to fix their crime issues, and now it’s 2018 and nothings been solved.

Just because cryptocurrency is being used by ‘some’ to do terrible things doesn’t mean we all are- the majority aren’t. The ugly truth is that crime happens, and we can’t really stop it, whether it’s with cryptocurrency or not. Some will argue and say ‘well it’s easier now with privacy coins’ and they aren’t wrong, but these ‘privacy coins’ can be watched for the most to see where it’s going. Eventually they’re going to need to collect the value of those coins, and undercover government Exchanges on the dark web will nab them, and then collect those coins for their government wallet (valued over $40 million). Read my “Dark Web Bust” post for more details.

Then there will be those who say ‘well you can’t compare fiat and cyrptocurrency as a proper excuse’. Yeah actually we can. Because most people who do cryptocurrency aren’t criminals. The biggest criminal we have in the crypto scene is probably George Soros who was responsible for the Asian Financial Crisis- he was never held responsible, never faced any criminal charges or jailed. He continued on, making his millions. He suspiciously entered the crypto world just after Dec 2017 highs….not sure if there’s a link, buuuut that is for sure a link….

Bitcoin & Cryptocurrency Have Value
If old socks become a hot valued commodity, guess what, they’re going to use it for crimes. Criminals only use things that have value, well cryptocurrency has value, just like fiat and that’s why it’s being used.  Love it or hate it, cryptocurrency is not going to die. You can argue that Tokens and ICO’s will (if they haven’t already) die, but the major players like Bitcoin, Monero, Dash, Dogecoin (yes even Dogecoin) Litecoin and even the expensive gas induced Ethereum, will last.

Bitcoin isn’t all just crimes. Just like Fiat money isn’t all just crimes. Keep that in mind when you’re thinking FUD thoughts.

Cheers,
A.Yasir

Dogecon 2018: Vancouver

Such Wow! Much Conference!

Amongst the sea of self serving blockchain conferences, and large scale multi-million dollar Internet of Things conferences and expo’s, was a refreshing Dogecon held in Vancouver that captured the heart of cryptocurrency. The meme essence came to life.

What started off as a fork of Bitcoin, and a running meme joke, became the largest most dedicated community of cryptocurrencers ever. More than Bitcoin, more than Ethereum, Dogecoin’s strong and proudly loved. It’s community strong, not just about value, but about substance. From tipping to charity, to car racing, the Dogecoin is actually the most viable coin out there. And to celebrate the ‘such wow’, Dogecon was held in Vancouver BC.

A conference where nobody talked about panic selling or the market crashing, instead dance parties, rap shows, dinner and a freaking puppy parade- that’s right, a freaking Shibu Inu parade, was held. You can only wish in your dreams that you had seen it in real life, it was just that amazing.

It wasn’t ‘tradition’, with high rolling investors in thousand dollar suits, no this conference was down to earth, honest and genuine- something you don’t see often in the superficial world of Instagram cryptocurrency.

No twitter cryptoinvestors and enthusiasts had lots of good genuine things to say. Four days of celebrations, real discussions, and Dogecoin worship took place in Vancouver British Columbia. And the reviews are in: It was awesome.
Yes Rocco, this is what it should look like.

Even the sponsors proudly stood by Dogecon with ETH Classic joining in.

Just over 200 participants attended Dogecon, and tickets were sold out by the time I posted about it- sorry about that…  It was a breath of fresh air from the stuffy blockchain conferences, it was relaxed and real, and showed what this amazing Dogecoin community is.

So if you’re looking to invest in a good coin, Dogecoin is it.

Why do I say this:
1. Dogecoin is used more frequently than even Bitcoin cash
2. 40th in Market Cap
3. Has been in use since 2010 for tipping, charities, to car racing etc etc
4. It’s the 4th most popular cryptocurrency (yes that’s right, Dogecoin is the 4th)
5. More viable since the community even after the Creator abandoned it, kept it up.
6. Unapologetically a joke currency that became seriously serious.
7. Doesn’t fall under SEC regulations as a original coin
8. Faster and cheaper to use
9. Dogecon!!!
10. It’s a freaking Shibu Inu, who doesn’t like dogs!
11. It’s not all about ‘Bitcoin level value, or pumping and dumping’, its about the coin itself.

Such wisdom! So get yourself some Dogecoin, and bow to Lord Doge.

It’s safe to say that Dogecon 2019 is going to be even larger and better! What do you think of Dogecoin? Is it still a joke coin to you or are you showing some Doge love! I personally mined and owned Dogecoin, and I’ve easily used it, and it’s honestly one of my top 5 favorite coins. If I had to pick something to invest in, I’d skip the ICO’s and Ethereum tokens, and go straight to Dogecoin.

Cheers!
A. Yasir

Does the CIA know Or Not?

Who Is “Satoshi Nakamoto”

A video titled, CIA Project Bitcoin: Is Bitcoin a CIA or NSA project? made by a group calling themselves the “CIA Project” surfaced on youtube. This group is dedicated in finding all the governments secret projects and making it public. And in this latest video, they are claiming that Bitcoin is actually the creation of the US National Security Agency (NSA).

Now don’t scoff it off as a conspiracy theory or ‘FUD’ and run away. Lets have a gander at what this group is claiming to be their biggest proof.

Satoshi Nakamoto- the name itself.

Now I do touch on this subject a little in my post here, so have a read of that as well to put some other very important pieces of this together.

Satoshi (meaning ‘clear thinking, or intelligent). Nakamoto is a common Japanese surname meaning “central origin or one who lives in the middle) This surname is commonly found in Ryukyu Islands of Japan, which is strongly associated with the Ryukyu Kingdon, a highly centralized kindgom that originated in the Okinawa Islands.  This Island in particular was known as the ‘the place where cannibals lived’….not sure if this gives any weight to Warren Buffets fantastic quote, where he equates Bitcoin mining to harvesting baby brains…

Combined, both names could be interpreted as “Central Intelligence”- could be, loosely. There is in fact a real Satoshi Nakamoto (well Dorian Satoshi Nakamoto) but he vehemently denies he’s the Bitcoin creator and even hired a lawyer to clear his name. How badly do people want to know who this guy is?

The next claim is that no one has actually met Satoshi Nakamoto in person or spoken on the phone with him or her or even them.  Even Gavin Bell (known as Gavin Andresen), who only has contact by email, never in person or over the phone.

Other evidence includes the fact that Bitcoin uses a common PRNG (crypto program) to create secure keys, which is itself believed to have an NSA backdoor. Numerous Reddit threads linking Bitcoin or Satoshi Nakamoto with the NSA have been removed; and that Bitcoin is not decentralized as it is being controlled by a small group which is led by Gavin Bell. Which is true, I’ve said it before that cryptocurrencies are not decentralized in the sense people assume, there is a central body controlling it, and right now with Bitcoin it’s the 80% hashing power Chinese mining farms and Gavin Bell.

But do the CIA Project’s claims have any merit? I think there is- even just a little, is still too much.

The NSA creating Bitcoin has been rumor for many years. People have questioned why it uses the SHA-256 hash function- which by the way we designed by the NSA and published by the National Institute for Standards and Technology..

The fact that the NSA is tied to SHA-256 leads some to assume it’s created a backdoor to the hash function that no one has ever identified, which allows it to spy on Bitcoin users.

“If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network,” cryptography researcher Matthew D. Green of Johns Hopkins University said in a previous interview.

This alone makes it worrisome for Bitcoin users or Cyber security specialists. Snowden is very harsh on Bitcoin and says it’s being watched by government agencies- more on that in a different post.

And of course this comes just at the heels after the CIA refused to confirm or deny if they knew who Satoshi Nakamoto is- leaving many to speculate, if they know.  And like Snowden says, ‘they know’.

I myself didn’t want anything to do with Bitcoin in 2009 when my wife told me about it- because of the sheer nightmare that is security and fraud. (Of course I’m glad I reconsidered it and mined as much as I could back then), but it did have the distinct smell of ‘government’ even back then.

Then there’s recent news of 21e8….that’s for another post.

What do you think? Does this prove that Satoshi Nakamoto is actually the NSA? Or does it simply just add another layer of conspiracy theories to an already large mystery.

We may never know.

Cheers,
A.Yasir