Think it's reasonable to expect the market will oscillate sideways until Mt Gox whale runs out of coins to dump (or get's a visit from the Yakuza). Maybe a good time to derail the thread with my theory of the true identity of Satoshi Nakamoto: Tim May. I first read of him in 'The Dark Net' by Jamie Bartlett.
- Electronic engineer and senior scientist at Intel, solved the 'alpha particle problem', retired in 2003.
- Lives in Santa Cruz California.
- Old enough to be proficient in C++.
- Paranoid and obsessed with privacy.
- Founding member and prolific contributor to the cypherpunks mailing list.
- Author of 'The Crypto Anarchist Manifesto' and 'Cyphernomicon'.
to quote Bartlett:
Quote:
After taking a degree in physics at the University of California at Santa Barbara, May went to work for Intel in 1974, where he made a brilliant breakthrough in redesigning Intel's computer memory chips. He retired at the age of 34 and dedicated himself to reading: computing, cryptography, physics, mathematics and to politics.
Quote:
At their (cypherpunks) first meeting, May set out his vision to the excited group of rebellious, ponytailed twenty and thirty somethings. If the Government can't monitor you, he argued, it can't control you. Fortunately, said May, thanks to modern computing, individual liberty can be assured by something more reliable than man-made laws: the unflinching rules of maths and physics, existing on software that couldn't be deleted. 'Politics has never given anyone lasting freedom, and it never will, he wrote in 1993. But computer systems could.
I've never heard him mentioned in the conversation before, but perhaps he should be?