Satoshi Summary- Sunday January 5, 2020 Edition

Image by Pete Linforth from Pixabay

January 5, 2020

by Sharon Moran

Satoshi Summary is a Cryptobellum exclusive named in honor of the pseudonymous creator of Bitcoin. It provides a carefully curated look at the most noteworthy developments in the blockchain and cryptocurrency space.

Android users breathed a sigh of relief earlier this week when Google reinstated Ethereum app MetaMask back into the Google Play Store. Google had removed and banned Metamask the previous week because it mistakenly thought the app was mining cryptocurrency, proving that even technology companies don’t understand technology.

https://thenextweb.com/hardfork/2020/01/03/google-lifts-ban-ethereum-wallet-app-metamask-mining-cryptocurrency/

Google lifts ban on Ethereum wallet app it thought was mining cryptocurrency

Earlier this week Lending Tree Chief Economist Tendayi Kapfidze confused Bitcoin with multi-level marketing. Kapfidze told Yahoo Finance this week, “You only make money based on people who enter after you” after claiming Bitcoin is a pyramid scheme. Tip for newcomers: It’s not. Pyramid schemes are not open source, and they’re not mathematically and cryptographically sound.

https://finance.yahoo.com/news/economist-bitcoin-is-a-pyramid-scheme-204217615.html

Bitcoin is a pyramid scheme, economist says

Yesterday, Twitter handle Nakamoto announced “a new general interest journal for the crypto community” in the following tweet:

Some of the reaction on Crypto Twitter was not positive. 

I’m not sure it’s possible to disgrace a pseudonym, but I understand the user’s sentiment. Of course, Nakamoto is an actual surname for over 50,000 people worldwide, but I’m sure the frustration in the above tweet was aimed at using Nakamoto, the pseudonym, not the surname. While we don’t know who Satoshi Nakamoto actually is, we most certainly know his last name was not Nakamoto. And his last name wasn’t Wright, either!

Orchid Labs, Inc. updated their Github repository 11 days ago. Why is that newsworthy? It’s not. I just needed to segue into sharing my referral link for Coinbase Earn. Follow the link and both of us will earn OXT!

https://coinbase.com/earn/oxt/invite/g1xhm927

About Cryptobellum 67 Articles
Cryptobellum is a digital publication of Telesto Studios, LLC focusing on the cryptocurrency market and the underlying blockchain technology that fuels it. Created and managed by Sharon Moran, Cryptobellum also provides original features and covers AI and other technological advancements. Sharon was first introduced to Bitcoin in 2009, and later tried her hand at mining Litecoin in 2014, but it wasn’t until 2016 when she began to study the programming behind blockchain that she finally realized the technology’s full potential. She enjoys exploring the intersection of AI and blockchain and holds a B.S. in Psychology/Philosophy and an M.Ed. Contact her at sharon@telestostudios.com

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