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Another Fake Satoshi Gets Exposed by Crypto Twitter: Details

ByBit
  • Alex Dovbnya
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    Jörg Molt, who claims to be the creator of Bitcoin, didn't even own a computer when the white paper was released back in 2008

Another Fake Satoshi Gets Exposed by Crypto Twitter: Details
Cover image via 123rf.com

It's been 11 years since anonymous visionary Satoshi Nakamoto published Bitcoin whitepaper, but there is still no shortage of the so-called 'faketoshies' who are willing to steal all the credit.

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This time around, German DJ Jörg Molt got his 15 minutes of fame by claiming that he created Bitcoin during World Crypto Con, a major crypto event that took place in Las Vegas last week, after he was confronted by crypto commentator Kenneth Bosak.        

Apart from his distinctive hairstyle, Molt also has a flair for exaggerated claims and "Satoshi School," which is described as the only school where you will only be taught about Bitcoin and Blockchain, the technology that underpins it.  

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‘Crypto Baron’ John McAfee Responds to Craig Wright’s Accusations of Being Conman, Vitalik Buterin Also Steps In

‘Crypto Baron’ John McAfee Responds to Craig Wright’s Accusations of Being Conman, Vitalik Buterin Also Steps In

Since Bosak's video went viral, crypto Twitter kept exposing the German "faketoshi." Bitcoin evangelist Andreas Antonopoulos took to Twitter to inform his followers that he's not related to Molt while accusing him of lying about being a Bitcoin creator.

BTSE's Lina Seiche added more fuel to the fire by posting a video of Molt's ex-wife spoking out about all of his scammy projects while revealing that her husband didn't even own computer during the release of the Bitcoin white paper.       

That being said, Molt is a tad humbler compared to self-proclaimed Satoshi Craig Wright who sues those who dare to call him a fraud. The German opportunist only claims that he co-founded Bitcoin (an important but rather meaningless difference). 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff

ByBit
  • Alex Dovbnya
    📰 News

    Gold proponent Peter Schiff thinks that Bitcoin evaporating its 40 percent pump proves that it's a pump-and-dump scheme

Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Euro Pacific Capital CEO Peter Schiff has come up with a new insult for Bitcoin, calling it "a classic pump-and-dump scheme."

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Peter Schiff Reacts to Sudden Bitcoin Price Drop: "Get Ready for the Dump!"

Peter Schiff Reacts to Sudden Bitcoin Price Drop:

"You're being played"

Schiff continues to assert that Bitcoin's 40 percent pump on Oct. 25 was the result of price manipulations. The fact that Bitcoin's has completely trimmed these gains in just four weeks definitely flies in the face of bulls.

The gold bug explains that the pump was meant "to sucker in" momentum buyers to dump their bags later. This is supposed to be a wake-up call for all buyers.

Earlier, Schiff lambasted Bitcoin holders for not being able to see through the shenanigans of whales who are selling their coins on the verge of a major price.        

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Bitcoin Price Could Drop to $2,000 or Even to $200, According to Peter Schiff

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Other bears are waking up 

Mark Dow, the trader who famously shorted Bitcoin at its current all-time high, recently resurfaced on Twitter with a succinct "Bitcoin is dying" tweet, which came in handy right on the verge of Bitcoin's drop to the $7,500 level.     

While some bulls might be tempted to dismiss Bitcoin price moves recorded on the lower time-frames as "noise," the long-term picture is also gloomy. As reported by U.Today, crypto market analyst Willy Woo opined that Bitcoin might not replicate the success of previous halvening cycles due to its unusual bearishness. 

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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