ORLANDO—(BTC @ $355.27) The hotel is a tomb of hopeful thinking. Built in the 1980s, the single tower of the Wyndham Lake Buena Vista Hotel at Disney World juts up from the Orlando ground as if tectonic forces pushed skyward a sheet of pure, brown stucco. A soundtrack of Mickey Mouse anthems plays around the clock. The carpets are damp. And for a weekend in October, a group of men and women who mean to change the future of civilization were staying there.
Kuntal Patel, 37, is currently on trial in the UK for the attempted murder of her mother, whom she allegedly poisoned with abrin after seeing a similar stunt on Breaking Bad. The ricin-esque substance was purchased with bitcoin on a dark web site and delivered to a friend's home, disguised in a candle.
In the latest development in the crypto-soap-opera that is the Mt. Gox bankruptcy, plaintiffs in an Illinois class action brought by angry depositors have agreed to settle its claims against the beleaguered Bitcoin exchange. The settlement agreement, filed with an Illinois court yesterday, sets up the story as a heartwarming "We Are the World"-type reconciliation:
A charming video has just been posted to YouTube of Dorian Satoshi Nakamoto thanking the Bitcoin community for its support in the wake of the Newsweek story that alleged that he was the original creator of Bitcoin. He appears with Andreas Antonopoulos, who spearheaded a collection among bitcoiners (in bitcoin of course) in Nakamoto's name. Of course he still denies that he is THAT Satoshi Nakamoto. As he puts it at the beginning of this video,
The dreams of those agorist Bitcoiners who still hoped that their digital currency could evade the taxman are finally dead. The IRS hath spoken. They will treat Bitcoins as property, which means self-employment and capital gains taxes may apply to your stash. Call an accountant for further details, folks.
Fortune quotes a venture capitalist saying that he and his peers are now investing in bitcoin: "I think bitcoin investing is becoming to this generation what real estate investing used to be." So... purchased by unsophisticated consumers at prices so high above actual worth that owners will end up underwater?
Late last night, a lawyer named Ethan Kirschner, claiming to represent Dorian Satoshi Nakamoto, emailed a statement to several members of the media, including Reuters' Felix Salmon. In it, Nakamoto denies that he is, in fact, the "Satoshi Nakamoto" commonly credited with "inventing" Bitcoin. Here's what he says, in full: