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Satoshi Nakamoto is easy to get through; can be found by fools, claims John McAfee

Arijit Sarkar



John McAfee refuses to reveal Satoshi Nakamoto owing to extradition fears
Credit: Pixabay

With Craig Wright filing for copyright on the original Bitcoin whitepaper and other big players publicly criticizing the move, the cryptocurrency ecosystem is divided again with respect to the debate on the real identity of Bitcoin’s creator. John McAfee was one of those who had previously voiced his opinion on the subject. On a recent online podcast, the software pioneer answered why he chose not to disclose the “real Satoshi Nakamoto’s” identity.

McAfee said that he chose not to reveal Satoshi Nakamoto’s real identity because “uncovering the secret” could potentially have him extradited, since going against the will of one of the richest men in the world would put him in “deep shit.” He added,

“I cannot tolerate any further legal activities pointed at me. But if you take the white paper and you run the modern analysis against it and analysis of other papers, assuming that satoshi wrote other things, which he did, it’s an open and shut case.”

During the interview, McAfee also boasted that “he/she/they (Satoshi Nakamoto) are so easy to get through, any fool could find them.” Further, he believes that the supposedly ‘big reveal’ will be a tragic disappointment as,

“The real Satoshi doesn’t want to anyone to know. It’s the same thing Craig Wright is doing.”

While dismissing anyone who has already claimed to be the pseudonymous creator of Bitcoin, McAfee hinted that the man in question may be hiding in a country with no income tax, such as The Bahamas. He added that he is certain of Bitcoin reaching $1 million by the end of 2020, which is the same reason for him going long. The technology veteran ended the podcast by glorifying the cryptospace, stating,

“This is a ‘new world’ demanding a ‘new paradigm’ starting from brand new location, which did not even exist 10 years ago. So wake up.”

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ErisX goes all hands on deck to launch a Bitcoin Futures market




ErisX goes all-hands on deck to launch a Bitcoin Futures market
Source: Unsplash

ErisX’s CSO, Matt Trudeau, detailed the company’s four important plans for the future, which includes launching a spot market, to secure a Bit License, DCO, and to launch a futures market.

ErisX currently has a DCM contract, which is a Derivative Contract Market that allows ErisX to run a CFTC-regulated futures exchange. However, ErisX aims to get a DCO [Derivatives Organization], which will effectively allow it to run a CFTC-regulated clearinghouse. A clearinghouse would mean that ErisX can take control of the custody of the assets and clear and settled trades.

The CSO explained the benefit of this, stating,

“There is some efficiency for firms like producers [like mining companies]; if they need to hedge their inventory or need liquidity on a spot market, they could do that conveniently on a single platform. “

Trudeau added that from the “post-trade standpoint” and “the collateral management standpoint,” ErisX would have cash, crypto, and the futures, all stored in their clearinghouse. This would boost efficiency since it would be available for all customers under a single platform. The CSO added,

“… so there is some efficiency in terms of managing collateral, if you don’t have assets on  multiple platforms, it can all be in our clearinghouse.”

Apart from the aforementioned plans, Trudeau added that the crypto-industry needs to mature more and that ErisX plans to make a significant contribution to that. He added,

“The market is professionalizing and we think that in terms of what institutions are expecting from a trading/custody experience, we will bring some of the solutions to the market and that’s really the foundational pieces that they are looking in order to build their businesses on top of us.”

Apart from ErisX, LedgerX has also received a go-sign from the CFTC to settle Bitcoin Futures in Bitcoins. Other exchanges include Intercontinental Exchange’s Bakkt and Seed CX.

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