Who is Satoshi Nakamoto? Things to know about Satoshi Nakamoto

By Le Anh | Experience

Who is Satoshi Nakamoto

When you step into the world of crypto, you must have heard the name Satoshi Nakamoto many times, right?

In this article, I will explain to you about this name, as well as its relevance to Bitcoin!

Satoshi Nakamoto is the name of the person, group or entity that has developed Bitcoin , and the author of the Bitcoin prospectus.

Satoshi Nakamoto is a Japanese name. Nakamoto means "one with wise ancestry".

However, up to now, we have not been able to confirm exactly who Satoshi Nakamoto is.

The process of creating Bitcoin by Satoshi Nakamoto

Early 2007: Start writing code for Bitcoin.

August 8: Buy bitcoin.org domain name, and create website at that address.

August 10: Issue Bitcoin's original whitepaper, describing the blueprint for a "peer-to-peer electronic money system".

August 1: Release version 0.1 of the source code, and issue cryptocurrencies by mining genesis blocks.

By mid-2010: Satoshi Nakamoto continued to develop the project with other programmers, adjusting the code himself for another year and a half before stopping.

Satoshi Nakamoto transferred the control of the source code to Gavin Andresen, as well as the related domain names to Bitcoin community members, and stopped activities relating to the project.

The property of Satoshi Nakamoto

As of March 3, the amount of money Nakamoto holds had not been used since January 2020. It was estimated that he held about 1 million BTC.

By the time Bitcoin price peaked in December 12, this amount of BTC was worth more than $ 2017 billion, making Nakamoto become the 19th richest person in the world, according to Forbes magazine at that time.

Satoshi Nakamoto's personality & characteristics

Until now, Nakamoto have not disclosed any personal information when discussing technical issues.

On his P2P Foundation file in 2012, Nakamoto was said to be a 37-year-old man living in Japan.

However, some people thought that he was not like Japanese, because his proficiency in English was the same as a native speaker, and Bitcoin software was not stamped in Japan.

Some people think that Nakamoto can be a group of people or a genius, because Bitcoin's code is too good for a person to make.

Nakamoto's English proficiency led to speculation that he was from the Commonwealth.

An analysis of Nakamoto's uptime on the forum showed that he was inactive from 5AM - 11AM (GMT), and was supposed to go to sleep during this time. This frame of time was equivalent to 2PM - 8PM in Japan.

If Nakamoto lived in Japan, this sleep time would be strange, right?

People considered to be Satoshi Nakamoto

Many questions were raised around Satoshi Nakamoto's true identity.

Researchers have been painstakingly investigating with the data that this character left such as writing style, vocabulary, concerns in life time, and so on.

Up to now, there are a number of individuals who are speculated as this mysterious person who created Bitcoin. Let's take a look at some of those names!

Nick Szabo - digital money enthusiast

Nick Szabo is a digital currency enthusiast. He published an article titled "Bit Gold" - considered to be the precursor to Bitcoin.

Evidence related to Satoshi Nakamoto

By running a reverse text analysis, an internet researcher named Skye Gray found many unique phrases that were quite similar to Szabo's writing style in Bitcoin's whitepaper. This evidence was just indirect, and Szabo had also repeatedly denied being the creator of Bitcoin.

One of the most intriguing things is that Satoshi Nakamoto consulted on the ideas used by Bit Gold, but never directly mentioned Bit Gold.

Conclusion

The above evidence is still only indirect. So far, Szabo has bluntly denied being the creator of Bitcoin.

Dorian Prentice Satoshi Nakamoto - physicist, liberal

Dorian Prentice Satoshi Nakamoto is a Japanese American, who lived in California, and whose birth name was Satoshi Nakamoto.

He was first published in an article in Newsweek in March 3. Leah McGrath Goodman pointed out that training to be a physicist at Cal Poly University, and the foundation as a liberalist of Nakamoto are potential evidences of his true identity.

Evidence related to Satoshi Nakamoto

Goodman's greatest proof is Nakamoto's answer to Bitcoin: “I am no longer involved in it, and I cannot discuss further. It has been transferred to others. They are in charge of it now. I no longer have any contacts with them.” This answer from Nakamoto had drawn much attention from the community for a while.

However, in a later interview, he rejected his statement, and said he had misunderstood the reporter's question.

Conclusion

His name, and the answers in the newspaper as well as his liberalism - quite similar to the value of Bitcoin, indicate quite clearly that he may be related to Satoshi Nakamoto. However, his denial made this continue to be an unanswered question.

David Kleiman - one of the first Bitcoin miners

David Kleiman is the person having a certain connection to the beginning of Bitcoin. He has been involved in Bitcoin since its earliest days as one of the first miners.

Kleiman has a great interest in computer security, and has designed security for digital systems of the highest levels of the US government.

Evidence related to Satoshi Nakamoto

After a motorbike accident, Kleiman plunges into the crypto world. He used to be on the Metzdown list, where he might have first interacted with Bitcoin's whitepaper.

Another theory is that he and Craig Wright are center of the Bitcoin project. Gizmodo cited an email allegedly coming from Wright as follows:

“I need your help to edit a document that I will release later this year. I have been working on a new form of cryptocurrency: Bit cash, Bitcoin, etc. ”, and“ You are always there for me, Dave. I want you to be a part of it. ”

This email was thought to be sent a few months before Bitcoin's whitepaper was released, making it an important proof of the real identity of Satoshi Nakamoto.

Sadly, Kleiman died in 2013 under a mysterious circumstance.

Conclusion

With the ability to secure his data, the digital information he left behind is difficult to access. We can hardly say whether David Kleiman is Satoshi Nakamoto or not.

Hal Finney - the first to receive test Bitcoin

Hal Finney is another potential candidate thought to be the mysterious Satoshi Nakamoto. Finney is a pioneer of Bitcoin cryptocurrency, and only the second - after Nakamoto himself - to use software, report bugs, and propose improvements.

Evidence related to Satoshi Nakamoto

Finney was the first one to receive Bitcoin, saying in an interview that he was the first recipient of Bitcoin transactions, when Satoshi sent ten coins to him for testing.

Forbes journalist - Andy Greenberg, speculated after getting advice from text analytics consultant Juola & Associates that Greenberg could be an anonymous writer for Satoshi Nakamoto.

The speculation that Finney was involved in the creation of Bitcoin increased, when he exchanged correspondence with Nick Szabo mentioned above, and when there was the fact that he lived only a few blocks from Dorian Prentice Satoshi Nakamoto.

Conclusion

At the time of his death on August 28, 8, there was only indirect evidence pointing that Hal Finney was Satoshi Nakamoto. Therefore, we can hardly confirm this hypothesis.

Craig Wright - computer engineering expert

Another character, who might be Satoshi Nakamoto, is an Australian scholar, computer engineering and entrepreneur, Craig Wright.

Evidence related to Satoshi Nakamoto

In early November 11, Gizmodo received an anonymous email (which I mentioned above) from an individual who said that he not only knew that Craig Wright was the creator of Bitcoin, but that he also worked for him.

On December 9, a few hours after Wired confirmed that Wright was really Nakamoto, the Australian Federal Police raided his house, and later declared "this issue is not related to the recent report of Bitcoin digital currency media.” It was pretty mysterious, right?

Wright later disappeared in the internet until May 5. He reappeared on Twitter, revealed he was the creator of Bitcoin digital currency, and claimed he had evidence to support for his statement.

Later, standing in a great deal of skepticism, Wright withdrew his statement, and failed to present the "extraordinary evidence" he claimed to have, and said he had "no courage" to prove his identity.

Conclusion

Although there has been a lot of evidence leading to the connection between Wright and Bitcoin, we still cannot confirm exactly whether he is Satoshi Nakamoto or not through the character's cryptic denial.

The reason why Satoshi Nakamoto is anonymous

I have the following theories about why Satoshi Nakamoto still keeps his identity a secret.

To avoid retaliation from large banks & governments?

As you may know, Bitcoin is capable of completely changing the global financial system. Specifically, Bitcoin weakens the power of central banks as well as centralized authorities.

Satoshi Nakamoto wrote in the famous 2009 prospectus:

“The root of conventional currencies is the need for trust to work. The central bank must be trusted so as not to undermine the value of money, but the history of fiat money has repeatedly broken that belief. Banks must be trusted to hold our money, and allow us to transfer electronic money, but they can use that money to loan in credit bubbles with a small portion to reserve. We must trust them to keep our information private, and trust them not to let identity thieves exhaust our accounts.”

Satoshi Nakamoto could become a threat to the global socio-economic system. Countries like China have banned cryptocurrencies, and the Western central bank league has protested the widespread use of cryptocurrencies.

The idea of ​​replacing the current legal system is dangerous for those who hold power. Therefore, the "father" of Bitcoin may get into trouble if exposed publicly.

To protect his large assets?

It is estimated that Satoshi Nakamoto currently holds about 1 million BTC. That is an extremely large amount of assets equivalent to nearly 7 billion USD (as of the time of writing).

Satoshi Nakamoto may wish to keep his identity a secret to protect this fortune.

To protection his personal privacy?

The influence of Bitcoin on the global financial industry is immense. Therefore, the character will become very famous if exposed publicly.

Satoshi Nakamoto may not want to appear to keep the absolute privacy of himself and his family.

Satoshi Nakamoto has passed away?

Although this is a sad theory, and I do not want it to happen, maybe Satoshi Nakamoto has unfortunately passed away. This may explain why the character has not been exposed for a long time, as well as the amount of BTC that the character holds.

From the above assumptions, you can partly understand why after a lot of investigations and research, the true identity of Satoshi Nakamoto has yet to be confirmed.

What is Satoshi?

I also want in the article to explain a little for those who do not know about Satoshi (not refer to the character).

The term Satoshi was established by Satoshi Nakamoto himself in November 11. Accordingly, Satoshi is the smallest unit of a Bitcoin, which is conventionally made to make Bitcoin transactions easier.

Convention: 1 BTC = 100,000,000 Satoshi.

Conclusion

Through this article, I hope you guys have the answers to who Satoshi Nakamoto is.

Although the correct answer is still left open, we all know that Satoshi Nakamoto is a great figure with a great vision, and a determination to change the reality of the world. Satoshi's discovery - Bitcoin could completely change the global financial industry in the future.

Le Anh

Cryptocurrency is our chance to become the new 1% of the world.