Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Kaspa Finance and ViaBTC Capital Partner to Accelerate DeFi Innovation

17/09/2025

UK to strengthen ties with US on crypto matters: Report

17/09/2025

Crypto Lending Revives in Korea Despite Stricter Government Rules

17/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum ETF Frenzy Pushes Investors Toward This New Small-Cap

    16/09/2025

    Ether could see the ‘biggest bear trap’ this month: Analysts

    15/09/2025

    Ethereum Whale Cashes Out Millions in DAI After Price Rally: $13.2 DAI Earned

    15/09/2025

    can $4,300 support prevent a deeper correction?

    15/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    LimeWire Acquires Fyre Festival, Plans Fresh Start With a Crypto Spin

    16/09/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    NFT sales show modest recovery, Pudgy Penguins jump 110%

    14/09/2025

    Twerk From Home Aims to Become the UFC of Exotic Dancing—With a Crypto Boost

    13/09/2025

    Kaspa Finance and ViaBTC Capital Partner to Accelerate DeFi Innovation

    17/09/2025

    UK to strengthen ties with US on crypto matters: Report

    17/09/2025

    Crypto Lending Revives in Korea Despite Stricter Government Rules

    17/09/2025

    SEC listing rules to boost crypto ETFs, but no guarantee of inflows: Bitwise

    17/09/2025
  • Blockchain

    Can Decentralized Indexing Save Web3?

    16/09/2025

    UFC Expands Web3 Partnership with Fightfi’s Fight.ID Platform

    16/09/2025

    ICB Network Partners with Tectum to Pioneer Zero-Fee PayFi Transfers in Web3

    16/09/2025

    ATT Global Taps For Metas to Advance Web3 Ecosystem

    16/09/2025

    Philippine lawmakers push blockchain budget bills in House

    16/09/2025
  • DeFi

    Kaspa Finance and ViaBTC Capital Partner to Accelerate DeFi Innovation

    17/09/2025

    Unlocking a New Era of DeFi Security

    16/09/2025

    Likwid.Fi Partners with RabitAI to Unlock DeFi Lending/Derivatives Trading Potential

    16/09/2025

    Maple Expands to Plasma with Launch of syrupUSDT, Backed by Tether

    16/09/2025

    Symbiotic teams with Chainlink, Lombard for cross-chain Bitcoin security

    16/09/2025
  • Metaverse

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025
  • Regulation

    CZ says stablecoins have defeated CBDCs globally, how come?

    16/09/2025

    Stablecoin Usage Ramps up in Venezuela Amid Rampant Devaluation

    16/09/2025

    South Korean Tech Giant Unveils Bold Crypto

    16/09/2025

    New ETF Filings Hint at Broader Crypto Product Boom Ahead

    16/09/2025

    JPMorgan Says Fed Won’t Cut Interest Rates in September, Explains Why!

    16/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Crypto Lending Revives in Korea Despite Stricter Government Rules

    17/09/2025

    Deutsche Börse’s Crypto Finance Unveils Connected Custody Settlement for Digital Assets

    17/09/2025

    Pump.fun daily volume crosses $1B as memecoins surge in September

    17/09/2025

    Binance Hodler Airdrop Unveils Avantis (AVNT) as Next Big

    17/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Conflux Network and Salvo Alliance Targets Scalable Web3 Gaming Adoption

    13/09/2025

    Undeads Games TVL Reached $30M+

    12/09/2025

    Bitcoin mining stocks outperform BTC as investors bet on AI pivots

    16/09/2025

    DL Holdings to Enter Bitcoin Mining Through Convertible-Bond Deal

    16/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Bitcoin’s Computing Muscle Flexes Harder

    13/09/2025

    UK to strengthen ties with US on crypto matters: Report

    17/09/2025

    SEC listing rules to boost crypto ETFs, but no guarantee of inflows: Bitwise

    17/09/2025

    House Speaker Mike Johnson on Congress + Crypto: “We’re in This Together”

    17/09/2025

    Coinbase-backed petition pushes UK on blockchain and stablecoin policy

    15/09/2025

    Kaspa Finance and ViaBTC Capital Partner to Accelerate DeFi Innovation

    17/09/2025

    UK to strengthen ties with US on crypto matters: Report

    17/09/2025

    Crypto Lending Revives in Korea Despite Stricter Government Rules

    17/09/2025

    SEC listing rules to boost crypto ETFs, but no guarantee of inflows: Bitwise

    17/09/2025
  • MarketCap
NBTC News
Home»NFT»$4.4B Silk Road sale, Satoshi’s identity — None of it ultimately matters to BCH crypto punks
NFT

$4.4B Silk Road sale, Satoshi’s identity — None of it ultimately matters to BCH crypto punks

NBTCBy NBTC09/10/2024No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The United States Supreme Court has denied hearing a case involving “stolen” BTC from the formerly prosperous Silk Road marketplace. The decision permits the state to sell the coins valued at around $4 billion USD, but this news and that of a ‘Satoshi reveal’ on HBO still aren’t stopping crypto OGs from ceaselessly developing P2P (peer-to-peer) use cases for bitcoin.

Right off the bat it should be noted: “Bitcoin” for the purposes of this article means the definition written down in Satoshi Nakamoto’s whitepaper. Namely, “A purely peer-to-peer version of electronic cash [that allows] online payments to be sent directly from one party to another without going through a financial institution.” A very punk rock concept, if one will.

“Purely peer-to-peer” is what started this whole disruption called bitcoin that we love, and what enabled the Silk Road to grow so massively in the first place. Suffice it to say for now that massive onchain fees alienating average users, custodial second layers, and government-backed ETFs will not be considered “bitcoin” for the purposes of this article. So if bitcoin cash triggers you, please change the channel.

Ross Ulbricht

Silk Road case won’t be heard, $4B stash of BTC could be sold by United States

A recent ruling from the United States Supreme Court has opened up the possibility of another sale of bitcoins allegedly seized by the state from the now infamous Silk Road online marketplace. The Silk Road is back in the news these days with popular appeals for harshly imprisoned founder Ross Ulbricht to see his life returned to him, and a double life sentence plus 40 years overturned.

The coins, which the state says are a lawful asset forfeiture connected to criminal activity, have been argued by claimants to be nothing of the sort, having a legitimate and innocent owner.

“The government has never been required to prove these allegations, however, nor has it disclosed the identity of the mystery person who allegedly voluntarily forfeited his interest in an asset now worth $4.4 billion, nor has it alleged that that asset was ever used in any criminal activity,” a petition for writ of certiorari states.

The claimant is a group called Battle Born Investments, which is now back up sats creek without a paddle regarding the coins. The theft was allegedly perpetrated by mysterious “Individual X,” said to be one Raymond Ngan.

Hype abounds about new HBO Satoshi documentary

Speaking of mysterious individuals, Bitcoin’s creator, the pseudonymous Satoshi Nakamoto, has also been in the news again, right along with the Silk Road. It’s like we’re cycling back to the true “OG” days of Bitcoin before the days of Blackrock exchange-traded funds and limitless draconian “regulations.” But still, speculation about the identity of Nakamoto is as old as Bitcoin itself, and terribly played out.

As one Redditor noted: “The truth is there’s a lot of circumstantial evidence that points to several people. Whoever they reveal depends entirely on the motivations of HBO and/or the director.” The user continued, asserting that naming someone alive could have negative effects.

“It worries me that they reportedly spoke to the guy in person. If they named Finney or Sassman it would be fine because they’re dead. But naming someone who is still alive leads me to believe their goal is to stir controversy and FUD,” they said.

“Jessica” NFT on BCH’s UTXO-based smart contract system.

UTXO smart contracts, NFTs, blocksize adjustment algos and more: Development onchain continues on Bitcoin Cash

Well, here is the part that will trigger many. But it’s sad it should be so. Underneath all the news about a Satoshi ‘reveal,’ and squabbles about who owns bitcoins that the state habitually steals, development onchain continues on a fork of BTC — bitcoin cash.

BCH is still used peer-to-peer, not forced to rely on second-layer or custodial add-ons to escape heavenly transaction fees. What’s more, there’s been a lot going on under the radar in past years for the asset. Interestingly, mainstream crypto news is almost dead silent about these innovations. So what are they?

Well, unspent transaction output-based (UTXO-based) smart contracts for one, resulting in smart contracts comparable to those on Ethereum. Since the contracts are UTXO-based, this means the contract system is baked right into the chain itself. The capability has been active and working since the 2023 upgrade, and notably allows for easy creation of non-fungible tokens (NFTs) for negligible fees.

BCH developer Jason Dreyzehner has just published his 2025 Bitcoin Cash Improvement Proposals as well, seeking to further streamline the new capabilities. In May 2024, a further upgrade was added called ABLA (adaptive blocksize limit algorithm) which allows the BCH blocksize to adjust automatically according to network usage. There are concerns, of course, about any network. So shilling is not the true aim here.

Suffice it to say: Whatever HBO says, and however much the government immorally seizes, as far as I can tell, bitcoin is still functioning as peer-to-peer electronic cash, aiming to be a global reserve currency for a more peaceful world. That’s a big “W” for the punks, and something that deserves talking about.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

LimeWire Acquires Fyre Festival, Plans Fresh Start With a Crypto Spin

16/09/2025

American Express Introduces Blockchain-Based ‘Travel Stamps’

15/09/2025

NFT sales show modest recovery, Pudgy Penguins jump 110%

14/09/2025

Twerk From Home Aims to Become the UFC of Exotic Dancing—With a Crypto Boost

13/09/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Kaspa Finance and ViaBTC Capital Partner to Accelerate DeFi Innovation

17/09/2025

UK to strengthen ties with US on crypto matters: Report

17/09/2025

Crypto Lending Revives in Korea Despite Stricter Government Rules

17/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.