Blog Post

The Trial of Satoshi Nakamoto

I have assumed intent based primarily on what has been designed and built, as opposed to the more credulous method of assuming intent based on what someone has said anonymously on the internet. If we are to assume intent at all, we should at the very least be skeptical of those whose actions can only be defended by a claim to ignorance.

The Strange Case of Nakamoto’s Bitcoin – Part 1

In actuality, categorizing the mother of all crypto as Ponzi or pyramid is an attempt to fit a square peg into a round hole. Bitcoin is neither, it belongs to a new genus of fraud. It has several specific qualities that make it unique, and many others that it shares with known forms of investment fraud, notably Ponzi and pyramid schemes. By carefully examining Bitcoin’s construction and observing its relations with other forms of investment fraud, we can better understand the inner workings of the Nakamoto scheme.