Steemit Crypto Academy|Season3 week6||Satoshi Nakamoto,Wei Dai and Cryptocurrency units of measurement by @awesononso

Hello friends,

Welcome to a new week. Thank you @awesononso for the interesting lecture. I wish the lecture never ended. I kept reading, you used simple terms. Thumbs up. Below is my homework post.

---

---

---

---

Who is Satoshi Nakamoto?

He/she is assumed to be person(s) who created bitcoin, wrote the white paper of bitcoin,deployed and designed bitcoin's original reference implementation.

Nakamoto also created the first blockchain database as part of the implementation. until December 2010, Nakamoto was still involved in the development of bitcoin. Many people have claimed to be Nakamoto, or have been accused of being him. Cryptography, computer science, and digital currency are his areas of study.

When discussing technical subjects, Nakamoto has never divulged personal information, however he has provided opinion on banking and fractional-reserve banking on several occasion.

Nakamoto claimed to be a 37-year-old male born on April 5, 1975, who lived in Japan on his P2P Foundation profile in 2012, and was believed to be a Japanese by some; nevertheless, some speculated that he was unlikely to be a Japanese due to his native-level usage of English.

Some speculate that Nakamoto is a group of individuals: Dan Kaminsky, a security researcher who studied the bitcoin code, said that Nakamoto may be a "team of individuals" or a "genius"; A developer named Laszlo Hanyecz who emailed Nakamoto, felt the code was too well constructed for one person; and John McAfee stated Nakamoto was "a team of eleven people."

Expressions such as " Bloody hard", "flat", " grey","color" which are British English found in forum postings and source code comments have sparked speculations claiming that nakamoto or one person in a consortium was of the Commonwealth origin.

---

---

Write on two claims/theories of Satoshi Nakamoto’s identity.

Although Nakamoto's identity is unknown, suspicion has focused on a number of computer science and cryptography experts, most of whom are of non-Japanese ancestry.

Source

Nick Szabo

Skye Grey who is a blogger, in the month of December 2013 used a method which he termed stylometric analysis to link Nick Szabo to the bitcoin white paper. Szabo is a proponent of decentralized currencies and wrote a paper on "bit gold," one of the forerunners to bitcoin.

In the 1990s, he was known to be interested in utilizing pseudonyms. He stated that, himself, Hal Finney and Wei Dai were the only persons he knew of who liked the notion (or, in Dai's case, his related idea) enough to pursue it to any considerable level until Nakamoto (assuming Nakamoto is not Finney or Dai)," Szabo wrote in a May 2011 article.

Dominic Frisby, a financial author, offers a lot of circumstantial evidence but no proof that Nakamoto is Szabo, as he admits. Szabo, on the other hand, has denied being Nakamoto.In an email to Frisby in July 2014, he wrote: "Thank you for informing me. I'm afraid you mistook me for Satoshi, but I'm used to it." "The most convincing evidence pointed to a reclusive American guy of Hungarian heritage named Nick Szabo," Nathaniel Popper reported in the New York Times.

---

Source

Hal Finney

He was a pre-Bitcoin cryptographic pioneer and the first person (apart from Nakamoto) to use the software, report bugs, and offer improvements. A Forbes journalist named Andy Greenberg, stated that he lived a few blocks away from a man named 'Dorian Satoshi Nakamoto.'

Greenberg commissioned Juola & Associates to compare a sample of Finney's work to Nakamoto's, and they discovered it to be the most striking match they'd ever seen, even when Newsweek, Fast Company, The New Yorker, Ted Nelson, Skye Grey compared them to the candidates they had already recognized.

Finney could have been a scribe for Nakamoto, or he could have just used his neighbor Dorian's name as a "drop" or "patsy whose personal information is utilized to cover online misdeeds," according to Greenberg.Greenberg determined that Finney was telling the truth after seeing him, viewing his correspondence with Nakamoto, seeing his bitcoin wallet history (which included the first bitcoin transaction which he received and forgot to pay back to Nakamoto ), and hearing his denial.

Nakamoto's emails to Finney also mirror Nakamoto's other writings more closely than Finney's, according to Juola & Associates. Earlier before new evidence revealed otherwise, Finney's fellow extropian and sometime co-blogger Robin Hanson gave a subjective likelihood of "at least" 15% that "Hal was more involved than he's said."

Who is Wei Dai?

Dai holds a computer science degree from the University of Washington and is regarded as a "intensely secretive computer engineer." In the 1990s, Wei Dai was a member of the Cypherpunks, Extropians, and SL4 mailing groups. He communicated with members of the embryonic "rationalist" community on SL4, including Eliezer Yudkowsky, Robin Hanson, Nick Bostrom, and others.

He co-created the VMAC message authentication method, as well as the Crypto++ cryptography library and the b-money cryptocurrency system. He is commemorated by the wei, Ether's smallest subunit.

---

---

What is the current value of Bitcoin on the day you are performing this task? Calculate the USD value of one satoshi of the current value. (Show full working and to 3 s.f).

The price of Bitcoin as at the time of doing my task is stated below

Solution

Using the formula;

1 satoshi =1/100000000 × 1 BTC

1BTC=$39,697.82

1 satoshi = 1/100000000 × 39697.82

1satoshi = 0.00039698

1 satoshi = 0.000397USD(3 S.F)

---

---

What is the current value of Ether on the day you are performing this task? Calculate the USD value of one Gwei of the current value. (Show full working and to 3 s.f).

The price of 1 Ether is stated below;

Solution

Using the formula;

1 Gwei = 1/1000000000 × 1 Ether

1 Ether = $ 2646.89

1 Gwei = 1/1000000000 × 2646.89

1 Gwei = 0.00002647

1 Gwei = 0.0000265USD(3SF)

---

---

Transfer 0.001 Steem to an account. Then send 0.0001 steem. Show what happens and state why.(Screenshots with username tag).

To transfer 0.001 steem;

• I logged into my steemwallet using my active key

• i clicked on steem balance and clicked on Transfer

• i will transfer 0.001 steem to Kennie19. I will input memo and click Next

• i will confirm by clicking OK

• below is a successful transaction

To Transfer 0.0001 steem

I followed same procedure as above, and then input 0.0001 for amount. Below is a red warning i got.

Because there is no known phrase for the lowest unit of steem, we can conclude that the smallest quantity that can be exchanged in steem is 0.001 steem, and the same is true for SBD and Steem power.

---

---

Thanks to;
@awesononso for the lecture. I appreciate.