Is Colin Lambert’s apparent technological illiteracy merely an act to mask his true identity as the genius behind bitcoin? Galen Stops reports.
In the latest twist to an ongoing saga, market sources are now suggesting that Profit & Loss managing editor, Colin Lambert, is in fact, Satoshi Nakamoto, the elusive creator of the digital currency, bitcoin.
Nakamoto released the first version of the bitcoin software client in 2009, before fading from view and eventually disappearing with the enigmatic message that he or she had “moved onto other things”.
As more financial services firms look for ways to utilise blockchain technology within their infrastructures, Galen Stops examines whether the technology is really as safe as advocates claim, following two high-profile hacks earlier this year.
“Cyber and system security is one of the most important issues facing markets today in terms of integrity and financial stability,” said Commissioner Christopher Giancarlo of the Commodity Futures Trading Commission (CFTC) on September 8, when approving system safeguard requirements for derivatives clearing organisations.
Giancarlo is hardly alone in his concerns.