Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
Social Mood and Leaders Impact on General Election Forecast 2019 - 9th Dec 19
Long-term Potential for Gold Remains Strong! - 9th Dec 19
Stock and Financial Markets Review - 9th Dec 19
Labour / Tory Manifesto's Impact on UK General Election Seats Forecast 2019 - 9th Dec 19
Tory Seats Forecast 2019 General Election Based on UK House Prices Momentum Analysis - 9th Dec 19
Top Tory Marginal Seats at Risk of Loss to Labour and Lib Dems - Election 2019 - 9th Dec 19
UK House Prices Momentum Tory Seats Forecast General Election 2019 - 8th Dec 19
Why Labour is Set to Lose Sheffield Seats at General Election 2019 - 8th Dec 19
Gold and Silver Opportunity Here Is As Good As It Gets - 8th Dec 19
High Yield Bond and Transports Signal Gold Buy Signal - 8th Dec 19
Gold & Silver Stocks Belie CoT Caution - 8th Dec 19
Will Labour Government Spending Bankrupt Britain? UK Debt and Deficits - 7th Dec 19
Lib Dem Fake Tory Election Leaflets - Sheffield Hallam General Election 2019 - 7th Dec 19
You Should Be Buying Gold Stocks Now - 6th Dec 19
The End of Apple Has Begun - 6th Dec 19
How Much Crude Oil Do You Unknowingly Eat? - 6th Dec 19
Labour vs Tory Manifesto Voter Bribes Impact on UK General Election Forecast - 6th Dec 19
Gold Price Forecast – Has the Recovery Finished? - 6th Dec 19
Precious Metals Ratio Charts - 6th Dec 19
Climate Emergency vs Labour Tree Felling Councils Reality - Sheffield General Election 2019 - 6th Dec 19
What Fake UK Unemployment Statistics Predict for General Election Result 2019 - 6th Dec 19
What UK CPI, RPI and REAL INFLATION Predict for General Election Result 2019 - 5th Dec 19
Supply Crunch Coming as Silver Miners Scale Back - 5th Dec 19
Gold Will Not Surpass Its 1980 Peak - 5th Dec 19
UK House Prices Most Accurate Predictor of UK General Elections - 2019 - 5th Dec 19
7 Year Cycles Can Be Powerful And Gold Just Started One - 5th Dec 19
Lib Dems Winning Election Leaflets War Against Labour - Sheffield Hallam 2019 - 5th Dec 19
Do you like to venture out? Test yourself and see what we propose for you - 5th Dec 19
Great Ways To Make Money Over Time - 5th Dec 19
Calculating Your Personal Cost If Stock, Bond and House Prices Return To Average - 4th Dec 19
Will Labour Government Plant More Tree's than Council's Like Sheffield Fell? - 4th Dec 19
What the UK Economy GDP Growth Rate Predicts for General Election 2019 - 4th Dec 19
Gold, Silver and Stock Market Big Picture: Seat Belts Tightened - 4th Dec 19
Online Presence: What You Need to Know About What Others Know About You - 4th Dec 19
New Company Tip: How To Turn Prospects into Customers with CRM Tech - 4th Dec 19
About To Relive The 2007 US Housing Market Real Estate Crash Again? - 3rd Dec 19
How Far Will Gold Reach Before the Upcoming Reversal? - 3rd Dec 19
Is The Current Stock Market Rally A True Valuation Rally or Euphoria? - 3rd Dec 19
Why Shale Oil Not Viable at $45WTI Anymore, OPEC Can Dictate Price Again - 3rd Dec 19
Lib Dem Election Dodgy Leaflets - Sheffield Hallam Battle General Election 2019 - 3rd Dec 19
Land Rover Discovery Sport Brake Pads Uneven Wear Dash Warning Message at 2mm Mark - 3rd Dec 19
The Rise and Evolution of Bitcoin - 3rd Dec 19
Virtual games and sport, which has one related to the other - 3rd Dec 19
The Narrative About Gold is Changing Again - 2nd Dec 19
Stock Market Liquidity & Volume Diminish – What Next? - 2nd Dec 19
A Complete Guide To Finding The Best CFD Broker - 2nd Dec 19
See You On The Dark Side Of The Moon - 2nd Dec 19
Will Lib Dems Win Sheffield Hallam From Labour? General Election 2019 - 2nd Dec 19
Stock Market Where Are We?  - 1st Dec 19
Will Labour's Insane Manifesto Spending Plans Bankrupt Britain? - 1st Dec 19
Labour vs Tory Manifesto Debt Fuelled Voter Bribes Impact on UK General Election - 30th Nov 19
Growing Inequality Unrest Threatens Mining Industry - 30th Nov 19
Conspiracy Theories Are Killing This Nation - 30th Nov 19
How to Clip a Budgies / Parakeets Wings, Cut / Trim Bird's Flight Feathers - 30th Nov 19
Hidden Failure of SIFI Banks - 29th Nov 19
Use the “Ferrari Pattern” to Predictably Make 431% with IPOs - 29th Nov 19
Tax-Loss Selling Drives Down Gold and Silver Junior Stock Prices - 29th Nov 19
We Are on the Brink of the Second Great Depression - 29th Nov 19
How to Spot REAL Amazon Black Friday Bargains and Avoid FAKE Sales - 29th Nov 19

Market Oracle FREE Newsletter

UK House prices predicting general election result

The Bitcoin Drama Continues: Craig Wright Disappears and Andresen Says He Was Bamboozled

Currencies / Bitcoin May 06, 2016 - 11:12 AM GMT

By: Jeff_Berwick


Yesterday we wrote about our doubts on Craig Wright and who he is.  Less than 24 hours later he has disappeared.

You can say one thing about bitcoin: it's never boring!  Tracking developments surrounding it is more entertaining than a spy novel.

But, whatever Craig Wright may have had in mind doing with Gavin Andresen seems to have collapsed. Andresen had solidly endorsed Wright’s claim about being Satoshi Nakamoto only yesterday and seemed delighted that his mentor had decided to “go public.”

As there are obviously tensions between Andresen and others at the Bitcoin Foundation, the arrival of Nakamoto as a public figure surely would have enhanced Andresen’s professional position, which is one reason he may have been eager to establish Wright’s bona fides.

But it was not to be and, if that was the plan, it has backfired and Andresen looks stupid.

Just today, Wright wrote a note on his Facebook page explaining that he could not continue to promote himself as Satoshi Nakamoto.

He doesn’t seem to have abandoned the claim that he is Nakamoto, even though many in the bitcoin community looked on this with suspicion (though not as much as they claim in hindsight). He simply writes he does not have the courage to continue and can't go through with supplying actual verifiable proof (by making a trade of the genesis block) that he is.

Given Wright’s dramatic personality and affection for the limelight, it’s certainly a surprising sentiment to share, along with the words “And goodbye” at the end of his note. Hopefully his "goodbye" was simply a farewell and nothing more permanent... Or perhaps it was related to news that the UK "authorities" (aka the largest criminal gang in the geographic region known as England) were looking for him.  The plot thickens.

Andresen is now backing off previous statements that Wright is Nakamoto. “Maybe it’s possible I was bamboozled,” he said to Wired, which posted the news about Wright’s note.

Stepping back a bit, nothing much has really changed. Nobody has come forward and proven they are Nakamoto, leaving the same speculations in place that I made in my article about bitcoin, Andresen and Wright. Perhaps Nakamoto exists or perhaps he does not.

I’m certainly willing to entertain the notion that Nakamoto was a group. And even that bitcoin was invented as a precursor to banking systems that are now being planned. In other words, there could have been an "intelligence" element to it.

There are at least two major bank initiatives - one in the US and one in England - that are trying to use bitcoin style technology to create proprietary networks that will speed up transactions but dispense with anonymity.  I would not be at all surprised if a segment of bitcoin programming leadership, including Andresen, attempted to explore methods whereby bitcoin could benefit from these efforts, and vice-versa.

Bitcoin doesn’t need to do so, as I have already explained, and I would be disappointed if it did. It’s an independent and healthy currency that can and should continue to function on its own. And despite Andresen’s predictions of doom, I don’t believe bitcoin will do anything but prosper and expand in the near future (click here to see one reason bitcoin might skyrocket by this summer).

However, it’s also true in my opinion, that there are forces at work trying to destabilize bitcoin and make it less attractive and viable.  And maybe this was part of it... to discredit those involved at high levels in bitcoin.  Who knows?

Just two days ago I was offered an opportunity to meet with Wright in London.  I was very hesitant, given my CIA-connected suspicions on Wright... not that I was scared to possibly meet with a person who might be tied into them or being used by them... but I just don't like to be around anything that appears to be in any way associated with spooks.  In any case, given Wright has now disappeared I don't need to worry about that.

But, I intend to continue to report on those efforts as they occur. Despite Wright’s decision to end his attempt at convincing the world that he is Nakamoto, there is evidently a much larger story that will continue to unfold.

If you haven't already subscribed to The Dollar Vigilante newsletter (see more here), which is the fastest growing financial newsletter in the world, take the opportunity to do so now.  We cover cryptocurrencies, precious metals, mining stocks and other ways to profit, and protect yourself from, the move towards globalization... and we've made our subscribers fortunes in the process.

In the meantime, the bizarre (and ultimately unimportant) search for Satoshi Nakamoto continues... and as I pointed out to Stuart Varney, on Fox Business, when they had me on to discuss how bitcoin had "crashed" when it was at $90 (now $450), ultimately it doesn't matter who created bitcoin.

He told me his concern with bitcoin is "we don't know who runs it", and I replied, "That's the same with the Federal Reserve," and he said that's nonsense... so I asked him who owns the Federal Reserve and... well, see his reply here:

They then cut off my microphone when I mentioned the illuminati all-seeing-eye pyramid on the back of the $1 bill and I haven't been invited back on since.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2016 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules