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'Satoshi' confirmed himself to be Bilal Khalid - as was previously discovered in a check of the domain name registrar for the 'Satoshi Reveal' website. We also find out the reason why he can't access his $19 billion fortune (he lost his private keys).

The latest self-proclaimed Satoshi Nakamoto overpromised and underdelivered in Part 1 of his "big reveal" - probably to the surprise of no one in crypto. In a meandering blog post, the self-proclaimed bitcoin inventor did not reveal his real name, nor did he produce a photo of himself. So we're still no closer to learning his true identity than we were before the "reveal."

Satoshi Nakamoto will reveal his true identity in three installments, starting on August 18 at 4 pm Eastern time, including his plans for a bitcoin renaissance and an explanation of the critical role that Chaldean numerology cyphers and encryption played in his creation of bitcoin.

"There's good reasons to consider switching to satoshi as the unit of account. Quoting in satoshi rather than bitcoin could help convince people who don't have a great deal of money that bitcoin can still be for them despite its high price. Sats can become the savings vehicle of choice for ordinary people who want a safer and higher-yielding place for their money than bank deposit accounts. "

"The final story in this analysis is that, in totality, nearly six years of aggregate data paint the picture that Bitcoin has utility and that its promise is beginning to be realized for the types of people Satoshi said it would."

Historical data of domain name purchases suggest that Satoshi Nakamoto, the creator of Bitcoin (BTC), had an alternate naming option in mind that did not make it to the whitepaper. Bitcoin.org, the website domain linked to the original Bitcoin, was created on August 18, 2008, a day after the creation of Netcoin.org using the same registrar.

Wright was able to send a transaction from one of the Bitcoin wallets associated with Satoshi, verifying his claims.

This paper by Satoshi Capital Advisor's Josiah Hernandez explores the financial and technical feasibility of a New York City coin (NYC Coin) to be issued by the New York City government. New York City mayor elect Eric Adams introduced the NYC Coin concept during a radio interview on November 3. He said he wanted to turn New York into a crypto-friendly city and wagered a "friendly competition" with Miami and its Miami Coin cryptocurrency.

The OECD published a paper, with contributions from Satoshi Capital Advisors, that explores how the design and implementation of central bank digital currencies (CBDCs) can help countries mitigate threats to individual liberties and human rights, as well as promote the equitable treatment of citizens, the protection of privacy, and citizens' trust in central banks. The sound governance architecture of CBDC systems can further support these objectives.

"The new stablecoin using the Bitcoin blockchain was created by Stably, a Delaware-based startup. The dollar-pegged stablecoin is called #USD, and it takes the most fundamental unit of Bitcoin, called a 'satoshi' or 'sat' for short, and turns those smaller units into tokens that represent a claim against US dollars held by a custodian. It is the first stablecoin that is native to the Bitcoin blockchain, whereas others, like Rootstock or Sovryn, offer Bitcoin-collateralized stablecoins on layer two architectures."

"The events of the last few days highlight the risks posed by excessive reliance on centralized infrastructure, and will be certain to inform future decisions. But despite a quickly-evolving regulatory environment in the U.S., some of the basic primitives granted by digital bearer assets such as bitcoin-that they are trivially self-custodied, disintermediated, and provide on-chain transparency-are more acute than ever, echoing a sentiment which sparked a pseudo-anonymous Satoshi Nakamoto to release a new project to the world amid the Great Financial Crisis in October of 2008."

Satoshi Capital Advisors CEO Josiah Hernandez and I have written a paper that explores the application of national and sub-national government bond issuances and corresponding trade and asset lifecycle activity on blockchain-based market infrastructures. It considers existing and pending projects, how governments can carry out future projects, the various use cases corresponding to such projects, the broader market opportunity for government debt issued into blockchain-based market infrastructures, the hurdles to overcome with regards to implementing such projects, and the next steps with regards to further exploration.

"The roots of the current crypto revolution can be traced back all the way to the 1970s. We've compiled a list of the 10 most important developments underpinning the rise of the digital economy. It is worth noting that the first four are fundamental to the development of not only digital assets but concepts and technologies exploring applications far beyond fintech and decentralized governance. "

"When I created Bitcoin, I used the terminology that was most highly regarded at the time. Yet, in a paper by Schollmeier (2002), the concepts of different types of peer-to-peer networks were defined. The author references '"pure" peer-to-peer, or "hybrid" peer-to-peer or client server architecture'. The user component of a pure peer-to-peer network is one where there are no servers. A purely peer-to-peer system such as Bitcoin enables users to exchange value directly. Note that "directly" here means that you don't go through someone else's node. By definition, if you are sending something to any party other than the final party, it is not a direct peer-to-peer exchange."

"This paper by Craig Wright proposes implementing a micropayment system to facilitate remittances for migrant workers moving from Central and South America to the United States. Traditional remittance methods often involve high transaction fees that significantly decrease the value of money sent to families in workers' home countries. The proposed system addresses this inefficiency and fosters a more equitable economic landscape."

The Quarterly Journal of Economics (QJE) published a paper by Eric Budish that shows that Nakamoto's novel form of trust is deeply economically limited. A zero-profit condition on the quantity of honest blockchain "trust support" (work, stake, etc.) and an incentive-compatibility condition on the system's security against majority attack together imply an equilibrium constraint which says that the "flow" cost of blockchain trust has to be large at all times relative to the benefits of attacking the system. This is extremely expensive relative to traditional forms of trust and scales linearly with the value of attack. The paper's analysis is consistent with the continued use of cryptocurrencies and blockchains for black market purposes, and more generally in use cases where users are willing to pay the high implicit costs of anonymous, decentralized trust. See also: https://www.linkedin.com/pulse/slow-blockchain-mathematical-certainty-patrick-mcconnell/