Search results for Peter Todd
Crypto
Coldcard hack renews debate over self-custody
A hack tied to a firmware flaw in Coldcard hardware wallets led to the theft of $88 million worth of bitcoin, rekindling a trust crisis across the crypto industry, U.Today reported on Aug. 3. Skeptics including Bruce Fenton called it a failure of self-custody. Early bitcoin developer Peter Todd countered that hardware wallet flaws are minor compared with systemic risks at centralized platforms, citing larger losses from exchange failures and arguing third-party key custody is the core risk.
Crypto
Bitcoin not a sole invention of Satoshi, as 1997 cypherpunk experiments are revisited
Bitcoin is not a standalone invention by Satoshi Nakamoto but a product combining ideas accumulated in the cypherpunk community since the late 1990s, a claim has emerged. Cryptographer and Blockstream CEO Adam Back said Bitcoin’s structure extends collective research dating to 1997, including discussions on proof-of-work money and use of the Hashcash algorithm. He said Satoshi’s achievement was solving double spending and unifying dispersed concepts into an operating protocol.
Crypto
NYT points to Adam Back as possible Satoshi Nakamoto after year-long investigation
The New York Times has reported, in an investigative story, that Bitcoin creator Satoshi Nakamoto could be British cryptographer and Blockstream CEO Adam Back, The Block reported on April 8. Pulitzer Prize-winning journalist John Carreyrou analysed old internet posts, court records and cached emails. He narrowed early mailing list users to a single person, citing writing habits. Back has consistently denied being Satoshi, and did so in an HBO documentary.