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Who is Satoshi Nakamoto?



satoshi nakamoto

“Who is Satoshi Nakamoto?” the one question that has the crypto world obsessed more than any other.

There have been many candidates who were handed the title and all returned them saying “not me”.  

We would expect the real Satoshi Nakamoto to say exactly that: “not me”, however, today, we are going to look at the candidates who have been named Satoshi Nakamoto and why they were named as such.  In conclusion, we will list our favorite candidate for the title of Satoshi Nakamoto.

Satoshi Nakamoto Net worth

Let’s begin the hunt!

NSA…who knows, they do!

The SHA-256 algorithm that is the basis of Bitcoin’s ironclad security was first introduced by the National Security Agency (NSA).   

All in the name

One of the many translations of Satoshi Nakamoto to its English equivalent means “Central Intelligence” which made people speculate that one or more government agencies are actually behind Bitcoin.

Electronic cash like Bitcoin helps agencies like NSA

NSA bitcoinThink about it for a second.  The perpetrators who want to do heinous crimes while being anonymous would love an electronic cash system that they ‘presume’ to be anonymous.  Only it is not and the agencies know exactly what’s going on and they crack down the perpetrators through a slight of ‘anonymous’ cash.  As far back as 2013, NSA had listed Bitcoin as their “#1 priority” to track.  Bitcoin transactions even got a mention on Snowden’s leaked documents.  

So yeah, there is a possibility that the bitcoin was all a big ruse to ambush the ‘tough to catch’ criminals and NSA accidentally gave birth to this entire blockchain and bitcoin revolution.

This one reason should make you believe that NSA may have created the Bitcoin

Here is the kicker, back in 1996 NSA has made public an entire thesis and framework on Electronic Cash using cryptography.  The paper titled “How to Make a Mint: The Cryptography of Anonymous Electronic Cash” described the intricacies of public-key, transferability and divisibility while addressing the issues of double-spending and wallets.  

The more we dig, the more we find reasons that an agency like NSA has many reasons to create something like Bitcoin and leave it to the wild only to follow the money, literally to nab the anti-social elements.  Just saying.

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Hal Finney

Hal Finney BitcoinThe guy who was on the receiving end of the first ever Bitcoin transaction, Hal Finney has been long thought to be the real Satoshi Nakamoto.  

Why not, there are so many uncanny things about Hal that he could easily fit the bill to be the real Satoshi.  

Hal lived close to a gentleman named Dorian Satoshi Nakamoto and many think that he used this name as a clever disguise. Hal is purportedly the first enthusiast supporter of Satoshi’s bitcoin vision. He tweeted about his involvement with Bitcoin as far back as 2009.  

Besides, Hal is an expert programmer who created the first known anonymous remailer, and as far back as 2004 – he created a “reusable proofs of work (RPOW) digital cash system.”

Hal quit his job in early 2011 and the last known email correspondence with Satoshi is in 2011.  This too is used as a ‘hint’ that Hal was indeed true Satoshi Nakamoto.

One of the theories that gets floated around is the reason as to why the Satoshi’s bitcoins do not move is because Hal, who is real Satoshi, is dead.  

Whether Hal is real Satoshi or not, he is definitely the one who breathed life into the Bitcoin project during its early days.  For that he has our respect.

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Dorian Nakamoto

In a 2014 expose, Leah McGrath Goodman, a Newsweek reporter claimed that Dorian Satoshi Nakamoto to be the real Satoshi Nakamoto.  

In the article, a peek into Satoshi’s career by his brother states “What you don’t know about him is that he’s worked on classified stuff. His life was a complete blank for a while. You’re not going to be able to get to him. He’ll deny everything. He’ll never admit to starting Bitcoin.”

The intrigue of a ‘secret career’ further flared the flames that Dorian Satoshi was indeed the creator of Bitcoin.  

Dorian publicly denied the claim that he is Satoshi Nakamoto.

Dorian Nakamoto – Thank you Bitcoin Community

Dorian Nakamoto’s message to the bitcoin community, at the conclusion of the Dorian Fundraiser. Donate more to his fundraiser: 1Dorian4RoXcnBv9hnQ4Y2C1an6NJ4…

Dave Kleiman

Dave Kleiman BitcoinDave Kleiman served in the law enforcement when he could have made boat load of money with his coding skills.  It was not until his accident that he was confined to a wheelchair and dedicated most of his time in front of the computer.

At the most dire time of his life, even when he had access to over 1.1 Million Bitcoins, he did not touch them.  

Those 1.1 million bitcoins were given him by Craig Wright who they were supposed to be returned to in 2020.

Dave’s love for technology was such that every time he would get out of a surgery (he had many after the accident) he would quickly return to the computer.

Craig Wright…yeah right!

Craig Wright BitcoinConsidered to be the joke of Bitcoin-verse, Craig never fails to amuse people with his outrageous claims, including threats to shut down bitcoin and that he is in fact Satoshi Nakamoto.  

Few things do work in Craig’s favor in terms of ‘hinting’ him to be the Satoshi Nakamoto.  For instance:

  • Craig supposedly entrusted Dave Kleimen with 1.1 million bitcoins for safekeeping.  Some people believe that only Satoshi would have such a large pile
  • Craig once sent an email from the same email that Satoshi owned, spurring the speculation that he might be the real Satoshi

You could give us 100 more reasons indicating Craig to be true Satoshi and we will still deny it.  Craig just doesn’t have the composure of a genius who could build something as profound as Bitcoin.

Nick Szabo

Nick Szabo BitcoinThe first ever address on the Bitcoin has initials NS and Satoshi himself stated that he would include his signature on the first address.

In an email from 2009, Satoshi hinted “I just thought of something. Eventually there’ll be some interest in brute force scanning bitcoin addresses to find one with the first few characters customized to your name, kind of like getting a phone number that spells out something. Just by chance I have my initials.”

That address is: 1NSwywA5Dvuyw89sfs3oLPvLiDNGf48cPD 

And, many people point to Nick Szabo for the NS initials.

In 2014, British University researchers claimed that they had performed numerous linguistic analyses and pointed to Nick Szabo as the creator of Bitcoin.  

They concluded that “Our study adds to the weight of evidence pointing towards Nick Szabo. The case looks pretty clear-cut. Szabo is an expert in law, finance, cryptography and computer science. He created “bit gold”, a precursor to Bitcoin, and was looking for collaborators in 2008. Did Nick Szabo create Bitcoin? We’re not sure, but we think he probably wrote the paper so it’s certainly worth a closer look.”

Another point raised by the crypto enthusiasts is the fact that Nick’s blogging frequency took a nosedive in 2009, the year Bitcoin was released.

Bitcoin Blog archive

One can observe that blog posts have decreased significantly starting in 2009 compared to the previous years.

All in all, Nick Szabo is the closest person who came to be Satoshi Nakamoto, although our eyes are set on the next candidate: Elon Musk.

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Elon Musk, a likely candidate, in Elon we trust!

Here is the mission and vision of PayPal that was started in 1998: “PayPal’s mission and vision is that every person has the right to participate fully in the global economy, and that we have an obligation to empower people to exercise this right and improve financial health.”  

Elon Musk BitcoinWas PayPal able to meet its original vision?  

We think that PayPal is operating way-under its true potential because of all the red tape it has in its way for being a legitimate company operating in the business world.

Who created PayPal? 

Elon Musk.

10 years after starting PayPal and seeing the financial ruins left by the collapse in 2007-2008, it is quite probable that Elon Musk devised a new way to achieve his vision. Because, Elon never quits.  

Afterall, you cannot use fiat on Mars, but you can use Bitcoin, in theory.

Other factors that point to Elon Musk as Satoshi Nakamoto:

  • Elon’s strong focus on disrupting the world with better technologies that are not bogged down by the bureaucracy
  • Elon got into hot water for taunting SEC with his ‘free to do what I want’ behavior
  • The timing of Satoshi’s exit from Bitcoin and the ramping up of SpaceX activities are uncanny
  • Elon Musk’s strong background in C++ coding and the fact that Bitcoin is originally coded in C++
  • Elon’s active involvement in producing cheap-to-free electricity  (Bitcoin’s biggest criticism is that it takes up extensive energy)

The timing of Satoshi Nakamoto conveying that ‘he moved onto other things’ in 2011 coincides with the year in which SpaceX was working on Falcon (and one year after Tesla went public).  Clearly, the priorities of taking humanity to Mars and disrupting the entire auto-industry might have kept Elon busy, is a likely argument for why ‘Elon’ excused himself.

We personally don’t care if Elon Musk is actually the creator of Bitcoin, but we hope that he is.

10 Interesting facts about Satoshi Nakamoto

This video covers 10 interesting facts about Satoshi Nakamoto including his nomination for Nobel Prize.

Bitcoin | Satoshi Nakamoto | 10 Interesting Facts About Satoshi Nakamoto

We bring amazing facts about the CEOs, executives and the great personalities from the Blockchain and Crypto space to you through these videos. Subscribe to …

Satoshi Nakamoto’s wallet will never move

In our wild speculation, the close to 1 million bitcoin in Satoshi’s wallet will never move (unless Quantum Computers break the bitcoin network) because they are actually bitcoin stored by Dave Kleimen on behalf of Craig Wright.  According to Dave’s friend and business partner, Patrick Paige “If you told me there was a million dollars on Dave’s computer in this room, I wouldn’t even bother trying to look for it,” Paige said. “It would be a waste of time.”

Dave is known for his super-advanced encryption practices and if he was the one who stored them away – it may be nearly impossible to retrieve them.


Just searching for Bitcoin creator Satoshi Nakamoto reveals the toil and dedication of so many people who were involved in giving birth to the Bitcoin revolution.  Everyone connected with the crypto space owes a special thank you to the greats like: Dave Kleiman, Hal Finney and Nick Szabo. 

In our opinion, Bitcoin was created by a team of visionaries and computing geniuses that includes Hal Finney, Dave Kleiman, Craig Wright, Nick Szabo and, yes, Elon Musk.

That is why people fail to prove one of these individuals as the sole creator of Bitcoin because it was indeed created by a consortium of programming genius, not a single person.

Whether bitcoin was created by a single individual, a group of men or an alien, it may not matter but what matters is that genie is out.

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Frequently Asked Questions

After posting this article on who Satoshi Nakamoto is, we were asked other Satoshi related questions.

We are adding this FAQ.  In answering the questions below, we refer to Satoshi Nakamoto as Satoshi.

What is Satoshi [in bitcoin]?

Satoshi is the smallest unit of bitcoin.  It refers to the 100 millionth of a bitcoin. Like a single US dollar can be split into 100 cents, similarly, 1 Bitcoin can be split into 100 million units and each unit is a Satoshi.

What is Satoshi’s wallet address?

No one knows.  Satoshi is believed to have multiple addresses and this article has originally hinted that Satoshi owned about a million Bitcoins.  Bitcoin Rich List does not show any addresses that contain more than 255,502 Bitcoins in any single wallet address (this one belongs to Huobi).  As such, it is plausible that Satoshi has stored his bitcoins in multiple wallets making it nearly impossible to pinpoint to him.  This also supports the theory that Satoshi Nakamoto is not a single person, rather it is a group of individuals or organizations making it difficult to pinpoint to one single person.

What is SatoshiPay?

SatoshiPay is a project that aims to make ‘micro payments’ using Bitcoin possible.  As the name suggests, this project’s aim is to make micro payments in Satoshis.  For instance, you could tip a good article with a few Satoshis.  The fees on Bitcoin network prevent people from conducting micro transactions, however, with lightning network and projects like SatoshiPay, it could soon become possible to spend in Satoshis.

What is Satoshi per byte?

Each transaction on the Bitcoin network requires fees.  This fee is paid in Satoshis.  When you divide this fee in Satoshis by the transaction size itself (this means, amount of bytes it takes to complete the transaction) – you get Satoshi per byte.  This is somewhat a made up measure of unit.

What is Satoshi worth?

If we were to believe the thesis by Sergio Demian Lerner and assume that Satoshi owns around 1 Million Bitcoins (assuming he did not sell, giveaway or lost) then Satoshi’s net worth will be around $9.2 Billion (at the current price of $9200 per bitcoin).

What is the Satoshi test?

You can create signatures from inside Bitcoin Wallet.  When someone claims that they truly own bitcoins in a particular wallet, you could ask them to login to their wallet and ‘execute’ a signature.  This signature then acts as the proof that the person really owns the Bitcoin in that wallet (as those without access to the wallet cannot execute the signature from within the wallet).  Alternatively, you could ask the person to send a few Satoshi’s from the said wallet to another wallet to ‘prove ownership’.  These tests of bitcoin ownership are referred to as Satoshi Test.

How many bitcoins are there?

There will be only 21,000,000 bitcoins of which 18,437,631 bitcoins are in current circulation at the time of writing this article.

Thank you for reading and sharing this article. Stay safe and healthy!

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Elon Musk Image Source: “jsc2012e041210” by NASA Johnson is licensed under CC BY-NC 2.0


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Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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This is What Non-Bitcoiners Think About Bitcoin



Bitcoin believers

There are two types of people in this world: Bitcoiners and non-bitcoiners.

Many non-bitcoiners stay that way because they have come to associate Bitcoin with certain elements of the society. 

Here is a short list of things non-bitcoiners associate Bitcoin with and whether these allegations have any validity.

Money laundering

moneyBitcoin is criticised to be used for many illegal activities including money laundering. 

Can Bitcoin be used for money laundering?  Sure.

So can gold or cash or you name it.  

Anything of value can be used for money laundering, however, only one of them can be actually tracked forever.

To many people’s surprise, Bitcoin is the only asset among many that is the worst medium to use for money laundering.

Terrorist funding

Haters say that bitcoin is used by terrorist groups to avoid being tracked. 

Fools be those who think Bitcoin is completely anonymous.  

In fact, physical cash is much more anonymous than any medium of exchange out there.


Bitcoin was (is) used to buy and sell drugs. 

Bitcoin did not create a single drug and it did not create commerce for drugs either. The drugs commerce has been in existence before bitcoin.  What bitcoin did was create this false illusion that it is anonymous money.

To the dismay of many those who thought they were being smart have etched their dealings on the blockchain for anyone with the right tools to find out.

Dark web

darkwebYes, the dark web has made Bitcoin popular.

Silk Road, illegal weapons, transferring money without going through banks or other legal entities, all of these have colored Bitcoin as Dark Web money.

However, once people understood the myriad of applications that bitcoin and blockchain can help with, the dark web allegations have faded.

We would scorn anyone suggesting that the internet should be banned because there is illegal stuff going on (dark web lives on the internet too).

However, these very people would call for a ban on Bitcoin without understanding that Bitcoin is the next phase of the internet’s evolution.


Gambling cryptocurrencyGamblers love to squander their wealth. And those who dabble with Bitcoin with their life savings are no better than gamblers.

This has some truth because there are no guarantees that Bitcoin will succeed (although one could argue that it has already succeeded in bringing blockchain to the consciousness of mainstream).

As such, those putting money in bitcoin understand that they could lose their investment.

While many invest in bitcoin in the hopes of getting rich, there are few who invest in it to own a piece of technology and be part of the history in the making. 

In that sense, Bitcoin is way different than gambling.

Is Bitcoin the panacea?

While Bitcoin is far better than the existing fiat system, we do not think Bitcoin as the panacea.

We believe that Bitcoin will build bridges and connect the world which was deprived of access to financial inclusion and in doing so it will become part of the world financial ecosystem.

It will not replace the fiat system, rather, it will make it more accessible.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020


Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Factors adding gasoline to the Bitcoin shortage fire



Bitcoin shortage

Bitcoin’s creation and its subsequent proliferation may have all been planned for a long time, this is the outcry of many conspiracy theorists.  

These conspiracy theorists also believe that whistle blowers are mere plants to help prepare the world for what’s coming.

One of their theories is that the end of physical fiat was planned a long time ago, however, the transition of physical fiat to digital fiat needed a catalyst to drive the conversation.

Either by meticulous design or by sheer coincidence – Bitcoin came to life in 2009.

We personally think that Bitcoin was designed by liberals who believed a ‘fair world’ was possible.

The invincibility of this groundbreaking technology meant that the forces that were working on doing away with physical fiat had a runway built for them.

So, the rhetoric has now changed from ‘Bitcoin is for anti-social elements’ to ‘Bitcoin is the currency for the visionaries’.

Why is that backdrop of conspiracies and layout necessary?

Because, irrespective of the underlying reasons the rhetoric has changed and it has changed for good.  This means, as the physical fiat follows the path of extinction, Bitcoin – the king of digital currency, will see a lot of demand.

We were warned a long time back that there will not be enough bitcoin in the world for everyone to buy.

Some studies say that owning .28 Bitcoin will guarantee you a seat in the top 1% bitcoin holders in the world while others say you need 5 bitcoins to claim the top 1% in the Bitcoin rich list.

Point is, even if you have all the fiat in the world, there is a limit on how much bitcoin you can buy.

When people who want to buy bitcoin are ready to pay any price while those who own the fractions of it are unwilling to sell it – the prices have only one way to go: UP.


The strategic moves into Bitcoin from MicroStrategy, Square, GrayScale, Fidelity and a host of billionaires who actually know something about money and finance is a tell-tell sign for the rest of the world.

Whether you want to get into Bitcoin to own a piece of technology itself, or to hedge against the inflation, or simply to use it as ‘digital gold’ that you can take with you, any and all of these reasons are good enough to look into Bitcoin.

If you had told us last year that a public limited company will convert its cash reserves into Bitcoin we would have laughed at you, but that is precisely what has happened.

As a result of converting fiat reserves to Bitcoin, the stock price of MicroStrategy saw an immediate boost which was as big as the reserve itself.

Do you think other public companies will stay on the sidelines for long?

When a legend like Paul Tudor Jones says ‘Bitcoin is the fast horse’ to bet on against inflation and he himself invests 2% of his portfolio, how long will it take for other fund managers to take note?

Add to this the demand from retail investors in the form of millennials, who are also set to inherit some $60 Trillion dollars from the baby boomer generation in the coming decade.


We personally think the goldilocks moment for Bitcoin has arrived.  It has the perfect combination of ‘scarce supply’ and ‘growing demand’.  It also has the added elements of adoption and ‘nascentness’ working in its favor.

These factors alone make Bitcoin one of the best investment assets of the century, in our opinion. 

We have been investing in Bitcoin using dollar cost averaging.  We don’t go selling our home or taking on insane loans to invest in bitcoin, rather, we invest $100 here and $100 there.

Before you invest your money into bitcoin or cryptocurrencies, spend some time understanding what Bitcoin is and why it is important in taking the world from the centuries old fiat system to a brand new global currency system.

In our personal view, Bitcoin will become one of the best assets to hold by the next halving.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020


Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Why this bull run has no precedence? ONE key metric to rule them all



bull run 2020

Everyone is singing the praises for the bulls’ arrival in the crypto space.

Some say that 2020 will mark the biggest bull run in cryptos’, albeit short, history.  

We are already in October so we doubt any fireworks will take place now since there is a lot of uncertainty about the US elections.

Add the uncertainty around the stimulus bills, unemployment trends, soon to be lifted forbearances and the list goes on.

2020 still has another 2.5 months to go but most of these uncertainties will take a while to show their true impact.

For instance, what will a Biden presidency mean for the economy and cryptos?  

How many people will be forced to sell their homes once the forbearance’s are lifted?

What happens if the next stimulus bill does not pass through?

When will the vaccine become available?

These are some of the unique situations that we have no precedence for. Do not let anyone convince you that we know what’s going to unfold, because no one does.

Yes, everyone has theories, like the ones we are presenting here, but that is all they are: theories.

The BIGGEST metric that crypto community is not considering

We are no economists nor can we run any fancy charts to impress a point on you.  

We are just good observers and have common sense to deduce a few things based on data.  

For instance, between 2007 and 2010 consumer spending dropped by an overall .2% and we know what that meant for the economy.

Personal consumption expenditure

In 2020, people have literally cut down on their spending.  Some of it is forced due to the restrictions imposed by external forces and most of it is self imposed.

I am sure the spending on marijuana, liquor and food have gone up but what about other spending?

2020 also saw a spike in the savings balances.  

Economy is not stimulated by people hoarding their money. People need to exchange value for the economy to thrive.

What happens to the spending behaviors when the true stats around evictions, lost jobs (that are not coming back) and small businesses that are shutting down permanently are out?

Our guess is that people are going to be weary of spending money in the short to medium term. If we were forced to pick a timeline – we would say about 12-16 months (assuming we get a vaccine in Q1 2021).

When is the next bull run? 

Based on what we have seen in 2007 through 2010 and observing the consumer spending habits in recent times, we think that Bitcoin (and cryptos) will not find their true peak until next halving.

We know this is not what you came to hear.  

If the bull run in your mind is hitting the 2017 highs then we do not think you have to wait until the next bull run.

If the bull run means a $100,000 bitcoin then we stand by our opinion on when that is going to be.

A case for bull run

In spite of what is going on in the street, following factors are acting as strong bull market signals for the crypto space. 

Hype: Crypto space (specifically Bitcoin) has been gathering a lot of steam in terms of brand awareness and mass penetration.  This is great for the long game.

Adoption: More than ever, private and public enterprises are becoming serious about bitcoin and underlying blockchain technology.  What is good for bitcoin is good for blockchain and vice-versa.  MicroStrategy investment, Paul Tudor Jones getting involved with bitcoin are some examples.

Tech explosion: Crypto space is home to some of the brilliant minds in the tech space. Add Big Techs interest in the crypto space and you have a perfect recipe for monumental shifts in crypto perception. Tech giants like Microsoft, Google, Twitter, Facebook are all getting involved with blockchain and cryptocurrencies in some shape or form.

Retail demand: More and more retail investors are looking for alternative investments and they are waiting on the sidelines to get involved with Bitcoin.  As soon as companies like Fidelity or other brands offer crypto investment through retirement plans – there would be a massive influx into this space.

DeFi: DeFi in its current state might be infested with shittty projects but as a concept and technological shift to turn the current banking system upside down – it holds great potential. Any demand to DeFi brings more demand to bitcoin, ethereum and blockchain in general.


The debate around when is the next bull run will hinge on how the market recovers from this pandemic. How soon will we get the vaccine and how many of the lost small businesses and jobs are we going to resurrect?

From a macro perspective, Bitcoin and few select cryptocurrencies will continue their upward trajectory so if you looked back to 2020 five years from now, you might think bitcoin was on sale.  

Question is: how many people have that kind of patience?

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020


Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.


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