Bitcoin’s White Paper Is Not a Bible – Stop Worshipping It – Samson Mow attempts to remind us the original post to the cypherpunk mail-list was to seed awareness among a intellectual group of hackers who might help improve an idea, not to provide a project scope or precise roadmap

Many people acknowledge October 31 2008 as the “birth” of Bitcoin by way of the white paper. These individuals are not recognizing the birth of the first block itself, but simply the birth of the idea being made by way of a public announcement to gain critical opinion and possibly further developmental support. A few clever people took his bait.

Mow writes a good summary as to why Satoshi's idea as described on 9 pages is not a technical scope document of a major software project and this difference is helpful by providing clarity and understanding.

The actual source code for the pre-release version came out November 16 2008, and version 0.1.0 on January 9th, 2009, after the Genisis Block was created. Satoshi himself stated his code began development at least 1.5 years prior.

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Study Finds Majority of ICOs Do Not Provide Adequate Information to Investors (

A study conducted by the University of Luxembourg Faculty of Law, Economics, and Finance, has concluded that the majority of initial coin offerings (ICOs) fail to provide critical information to investors.
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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. does not endorse nor support this product/service. is not responsible for or liable for any content, accuracy or quality within the press release. will maintain XinFin’s XDC trading pair against ETH, BTC and XRP to provide liquidity for it’s tradefinex, remittance and IoT Pilot projects with global institutions….


Are there wallets that provide access to different HD wallets from the same masterseed using different passphrases?

I have a well-protected masterseed that I have not memorized, and memorizing it won’t help since it could already be compromised. My solution is to use a clever passphrase on top of that masterseed. I’ve been looking around in Mycelium because I read somewhere that you can appear to access your bitcoin wallet and show any bad guys that it’s empty by using an incorrect passphrase. This makes so much sense that I want to do it, at least just for fun.

As I understand it, the masterseed encodes an integer which is the private key for a bitcoin address, and also a chunk of entropy that is used to generate the paths in the resulting HD wallet. When a passphrase is used, the effect is to change the masterseed so that an entirely different HD wallet is the result. So with one masterseed, you can have as many (invisible!) HD wallets as you want. The feature required is the ability to restore from the masterseed plus passphrase. Indeed, if the wallet is locked with the passphrase, then entering the wrong passphrase gives you a new wallet (and you’d have to realize on your own that you entered the wrong passphrase).

That is my dream: to be able to run Mycelium in front of a bad guy, enter my passphrase, and show that I have zero-balance. An additional feature would be the option for old transactions to show up so that it still looks real, but like everything has been spent.

I have an Android with Mycelium, and I’ve looked at the cold storage and backup features (and the “Advanced” add-a-key feature) and I can’t find a place where I can enter my 12 masterseed words PLUS passphrase and get a new wallet. The only place I found like that is for cold-storage spending, and then it says “no funds found” (as expected). It could at least give me a btc address so I could send some funds to my special secret passphrase address.

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