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Why bad news? Is basically irrelevant, now that he has turned out to not be Satoshi. The only way it would be relevant is if one of those early coins does indee
by arcticfox 11y ago
Why bad news? Is basically irrelevant, now that he has turned out to not be Satoshi. The only way it would be relevant is if one of those early coins does indeed move, because that would drastically affect the number of coins on the market.
- bduerst 11y agoWhile some will disagree, appearances are important. Wright was [probably] trying to claim to be Satoshi to use Satoshi's bitcoins as collateral for something else. Bitcoin already has a reputation for being used in scams and illegal dealings. This con man being able to convince some major news organizations and bitcoin celebrities doesn't help improve that image.
- HappyTypist 11y agoThat demonstrates a flaw of non-technological news organisations, not Bitcoin. The two Bitcoin celebrities had been widely discredited from Bitcoin ages ago. Gavin has not committed in a year, started his own fork of Bitcoin with 3% adoption. Jon has disappeared after starting a bankrupt for-profit "foundation".
- DonHopkins 11y agoI haven't been following the parade of Bitcoin celebrities very closely, but what ever happened with the Digital Entertainment Network Executive VP [1] guy, Brock Pierce? [1] https://en.wikipedia.org/wiki/Digital_Entertainment_Network https://en.wikipedia.org/wiki/Digital_Entertainment_Network
- bduerst 11y agoOh I'm sure those are relevant, but in terms of appearances, a con man exploited those and duped many people across the globe using bitcoins.