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Two Ghosts of Cryptography: Why Nicolas van Saberhagen Is Even More Phantom Than Satoshi Nakamoto

➡️Satoshi Nakamoto

Published the Bitcoin whitepaper on October 31, 2008, through the mailing list [cryptography@metzdowd.com]

He(?) remained publicly active for over two years: 500+ posts on Bitcointalk.org under the username “satoshi,” dozens of private emails with developers such as Gavin Andresen, Hal Finney, and Mike Hearn, and direct commits to Bitcoin’s original code repository.

His last known communication was in April 2011—an email to Gavin Andresen. After that, he vanished, leaving behind an enormous technical and historical footprint.

➡️Nicolas van Saberhagen

The anonymous creator of the CryptoNote protocol, which forms the basis for the design of the #Monero blockchain, published two versions of his(?) whitepaper:

* Version 1: December 2012

* Version 2: October 2013

Unlike Satoshi, he showed no public activity whatsoever afterward: no forum posts, no emails, no GitHub commits. His(?) identity and activity remain entirely unknown.

There are rumors of a distorted-voice Skype call in 2015, but no verifiable recording or transcript has ever surfaced.

While Satoshi continued developing Bitcoin for years after releasing his paper, van Saberhagen disappeared immediately after publishing, as if he had dropped his cryptographic scrolls and dissolved into the network.

Bonus / a curious detail: the pseudonym “Nicolas van Saberhagen” may be a cryptic reference—combining Nicolas Flamel (the medieval alchemist) and Fred Saberhagen (author of Dracula novels). It could loosely translate as “the alchemist who knows.” There’s no proof this was intentional, but it fits the legend of someone who clearly never wanted to be found.

Monero is critically flawed and will be exposed in the years to come. No amount of upgrades or improvement proposals are going to change that fact. Until XMR adopts better security, the fundamental chain should be considered compromised. All accounts and transactions will be public.

The goal is not to adopt Bitcoin, but to avoid it at all costs, leveraging its value into your own networks; forcing Bitcoin to accept your own values, your own chains, in exchange for the goods and services you provide.

Regulations will send Bitcoin the way of ETC, while everyone rejects the "new" institutionalized fork that becomes mainstream Bitcoin, used by government nationals. I think it goes much lower, if not to the $1,000s. DeFi will evolve.

We know shit about fuck and have been successful astroturfing its existence since then.

8 years ago.. I've seen enough to know people will follow the money. Embrace FEDcoin, it's the law.

Doubt the government comes back with the money printer. Expecting the first round of impactful legislation targeting infrastructure like nodes and miners. You may choose to not play ball, but institutions won't have that liberty, therefore you won't have that liberty. The original blockchain will become another altcoin, crippled by hashrate. This is the system you signed up for when buying Bitcoin.

The narrative that Bitcoin will replace fiat currency truly misunderstands how disruptive technology reshapes markets. The correct analogy is not destruction, but consolidation. Look no further than the retail giant Walmart and how they embraced the internet.

Walmart adapted, integrating e-commerce to become a dominant omnichannel player.

The real victims were local, family owned "mom and pop" stores, whose ability to compete on price, selection, and logistics was crushed by the new, hyper-efficient digital landscape.

In the end, the new financial system will likely be hybrid: a digital system run by the world's largest financial entities and governments, layered on top of or inspired by decentralized technologies. Products like Bitcoin will supercharge these incumbents, not replace them. It offers the tools for a cheaper, faster global financial system, one that the most powerful actors are best positioned to leverage, further cementing their dominance over smaller, regional competitors.

Let it fail. Institutions have already shown to favor control over community values. Why Bitcoin is preferred over XMR; Why ETH is more valuable than ETC. You'll be fed a narrative that LTC is silver and DOGE is copper; when's the last time copper was more valuable than silver? What makes Bitcoin gold?

Banks supporting an asset built to debase them should tell you it's broken. You're told to buy because they own it, but we don't need it.

Institutions are not holding their coins to zero. At best, they use them as collateral, effectively shorting the system, you.

Be your own bank means make your own money. Proof of work requires labor.

Planned obsolescence has been a staple of modern technology. Bitcoin is no different.

Sam Bankman-Fried did nothing wrong. #FreeSBF

Corporate talks of selling Bitcoin to buyback stocks; seems counterintuitive considering their massive rallies were built on the narrative of acquiring the asset prior to artificial intelligence. At the same time FED talks about turning on the money printer, which should test the Bitcoin narrative of being an inflation hedge.

Perhaps centralizing value under a single blockchain is not the way, especially one so heavily acquired by the same institutions it was meant to challenge. This is "decentralized" finance after all.

Everyone is attached to their opinions, but this seems more like regulatory pressure on Bitcoin Core. It opens governments to target infrastructure that doesn't conform to their regulations. When you have whole institutions with billions invested in mining and infrastructure; run the fork or face the courts.