Who is Satoshi Nakamoto?

Satoshi Nakamoto is one of the most mysterious personalities in the history of cryptocurrencies. And despite numerous attempts to expose the creator of Bitcoin, perhaps this is exactly the case when such mystery to the world of cryptocurrencies has only benefited. After all, the main thing that Satoshi Nakamoto wanted to achieve is the complete independence of financial instruments. And its deanonymization can become one of the main vulnerabilities of bitcoin.

In October 2008, the user under the nickname “Satoshi Nakamoto” published an article “Bitcoin: A Peer-to-Peer Electronic Cash System” in a postal mailing list-the famous White Paper Bitcoin. In it, he described a decentralized calculation system that does not require mediation of a third party – for example, a bank. And two months later, in January 2009, Bitcoin was obtained by the genesis block.

The creation of the first cryptocurrency of Satoshi Nakamoto was prompted by the idea of ​​solving the basic problems of the existing financial system, in particular, a policy of depreciation of fiat currencies to the central banks.

What is known about Satoshi Nakamoto?

The activities of Satoshi Nakamoto were closely related to the community of cipher -tunes, the ideology of which has always been the importance of confidentiality and data protection. Torrents, VPN and electronic signatures – all these are ideas that were somehow implemented thanks.

Cryptocurrencies were no exception – before Bitcoin there were many attempts to create a decentralized calculation system. But it was Satoshi Nakamoto that was the first to offer a working model.

Until now, no one knows for sure who is hiding behind this pseudonym. It is believed that with the same success it can be the face of any gender and origin, and perhaps even a whole group of developers who wished to remain anonymous.

In his profile, on the P2P Foundation website, Satoshi Nakamoto indicated that he was from Japan, but this information was repeatedly questioned. At least many signs indicate that Satoshi Nakamoto worked and conducted correspondence from London.

For example, Satoshi always published all his messages during the working hours corresponding to the time zone of London, and in the hash of the Bitcoin genesis, a link to the heading of the article “Chancellor On Second Bailout for Banks” from the London newspaper “The Times” was contained.

In addition, in his letters, Satoshi often used words inherent only to native speakers of the English language. White Paper Bitcoin was also written in ideal English, which was also not transferred to Japanese. However, it cannot be ruled out that in this way Satoshi simply tried to confuse traces.

Disputes do not subside on the expected date of birth of Satoshi. According to one version, the date of April 5, 1975, Satoshi chose not by chance and in fact it is a reference to significant events in the history of the financial system.

Exactly April 5 1933 US President Franklin Roosevelt signed a decree according to which Americans were forbidden to accumulate and store gold. The Americans were able to regain this right only in 1975 year.

Perhaps, in this way, Satoshi wanted to emphasize the imperfection of the modern financial system, and at the same time show the world what role he assigns to Bitcoin in the future. We can say that this reference turned out to be prophetic – today many call the first cryptocurrency “second gold”.

The name in which, according to experts, could also be present, could also be present in a hidden meaning. In Japanese, the word “satoshi” means “wise” or “clearly thinking”. The word “Naka” can be translated as “inside”, and “Moto” – “basis, foundation”.

At the same time, if you divide the name into hieroglyphs, then together the words “Naka and“ Moto ”can be interpreted“ in the book ”. In any case, it turns out something like “clearly thinking in the base” or “wisdom in the book” (in the white book of Bitcoin?).

Why Satoshi Nakamoto disappeared?

From the first days of his appearance, Satoshi paid great attention to anonymity. He always went to the network only through the protected Tor browser and carefully hid his personality. While the rest guessed whether Satoshi could be crazy, followed the phases of his sleep and even suspected him of ties with Yakuza, Satoshi continued to work on the source code of Bitcoin along with other crypto enthusiasm.

When discussing the existing problems of Bitcoin and the ways to solve them, Satoshi has long remained authority for everyone, and any bugs and shortcomings of the network were always decided only with his participation. However, over time, the policy https://gagarin.news/ua/news/ken-gen-offers-mining-companies-to-work-in-kenya-on-geothermal-energy/ and actions of Satoshi regarding bitcoin were increasingly being criticized.

In the end, this led to the fact that he removed his name from a copyright statement to Bitcoin, updated the website of Bitcoin.Org and added contacts of other active developers to it.

The last time Satoshi Nakamoto appeared on the Web almost 11 years ago – April 26, 2011. On that day, he wrote a short letter to one of his associates Gavin Andresen (creator of the first bitcoin crane), in which he handed him a copy of the cryptographic key from the Bitcoin security system and wrote a few words about his vision regarding the further development of the network.

Since then, attempts to expose a real person who is hiding behind the pseudonym Satoshi Nakamoto did not stop.

Who was called the creator of Bitcoin?

According to many representatives of the community, the most likely candidates are still Nick Sabo and Hal Finney.

Nick Sabo is an American cryptographer, who back in 1998 created the first concept of digital currency, calling it Bit Gold. Unfortunately, in those years, the ancestor of Bitcoin could not gain popularity due to many technical restrictions.

Sabo himself has always rejected his participation in the creation of bitcoin.

Another probable candidate is Hal Finnie-another cryptograph, to whose address on January 12, 2009 the first bitcoin transaction was sent.

Finnie himself really talked with Satoshi Nakamoto and supported his plans for Bitcoin, and in confirmation later even published his correspondence. However, many still believe that Finnie could just fake correspondence in order to take curious looks from themselves.

Unfortunately, Finnie died in 2014. But there is a chance that one day he can still tell us the truth! The fact is that Finns were buried in a not quite traditional way. His body was cryoconced.

There were those who, on the contrary, Yaro proved their involvement in the creation of the first cryptocurrency. Among them is the Australian scientist Craig Stephen Wright. For several years, he provided various evidence, but in his words here and there contradictions flashed.

At first he stated that in 2008 he discussed the idea of ​​creating bitcoin with his partner – computer forensic critic Dave Kleiman, and later at a meeting in the courtroom, he said that he first met Kiliman only in August 2010. Cryptographic keys that Craig provided as evidence that he was Satoshi Nakamoto, as it turned out, were also created retroactively.

There is another funny assumption that states that the pseudonym Satoshi was chosen by a group of researchers in a consortium of four companies: Samsung, Toshiba, Nakamichi and Motorola. But no one has yet been able to prove this theory or refute.

There were at least nine candidates in the entire history of Bitcoin, but no one still knows who Satoshi really was: a man, a woman or a group of people. And, probably, by and large it is not so important. Indeed, in the case of disclosure of his personality, the foundation based on complete decentralization may shake.

How many bitcoins Satoshi Nakamoto have?

Satoshi Nakamoto is not just a legendary personality, but also one of the richest people: he owns more than 1 million BTC, which today is estimated at about $ 40 billion!

Of course, this is not surprising, because Satoshi was the first to start mining bitcoins. At the beginning of the formation of the network, the difficulty of mining was very low, and for obvious reasons there was no competition. Therefore, the creator of Bitcoin was not difficult to quickly accumulate such a huge number of coins on his wallets.

How Satoshi Nakamoto can affect the cost of bitcoin?

The personality of Satoshi Nakamoto should remain unsolved. At least this is how the majority of professional traders and many other participants in the cryptorrhist believes today. In the case of its deanonymization, Bitcoin will formally find a “master”, which means that many people may cease to be fully decentralized in the minds of many people and will lose its main advantage.

Any statements by Satoshi or even his death can cause the destabilization of the first cryptocurrency and the entire market as a whole. The same thing will happen if he suddenly wants to sell all his assets. Satoshi Nakamoto, whoever he is, still belongs to almost 5% of the entire emission of the Bitcoin network, which can significantly affect the BTC course and sow panic.