Introduction
Satoshi Nakamoto is the name used by the supposed pseudonymous creator of Bitcoin. The identity of Satoshi Nakamoto is unknown, though there are strong hints that he (or she or they) was involved with crypto and academia in 2008-2009. Satoshi invented the entire concept upon which Bitcoin was built and wrote the bitcoin white paper.
Satoshi Nakamoto is the inventor of Bitcoin.
Satoshi Nakamoto is the inventor of Bitcoin.
- Who is Satoshi Nakamoto?
Satoshi Nakamoto was an engineer, who created Bitcoin and launched it as an open-source software project in 2009. He has never been publicly identified or verified as being the creator of Bitcoin by any government agency or organization.
- What was his motivation for creating Bitcoin?
He wanted to create a decentralized money system that could not be controlled by any central authority like governments or banks, because he believed that this would make it more resistant to economic crises like those caused by inflation or deflationary policies imposed by government officials (such as when they print too much money).
The identity of Satoshi Nakamoto is unknown, though there are strong hints that he (or she or they) was involved with crypto and academia in 2008-2009.
The identity of Satoshi Nakamoto is unknown, though there are strong hints that he (or she or they) was involved with crypto and academia in 2008-2009.
The name “Satoshi Nakamoto” is a pseudonym and has been used since at least 2009 by someone who wanted to remain anonymous. He/she/they have been involved in the crypto community since then, but never actively revealed their identity until after they had created Bitcoin.
It’s unclear if it will ever be known who this person actually was—there are several theories about who could possibly be Satoshi Nakamoto:
- An early adopter of Bitcoin; someone who met with other people interested in the new digital currency at conferences or events around 2010–2011; someone who attended meetings at which others discussed plans for creating their own altcoins; etc., etc., etc…
Satoshi Nakamoto invented the entire concept upon which Bitcoin was built and wrote the bitcoin white paper.
According to the Bitcoin white paper, Satoshi Nakamoto invented the entire concept upon which Bitcoin was built and wrote the bitcoin white paper. He created the first blockchain, which is a decentralized database of transactions.
Alleged Bitcoin inventor Satoshi Nakamoto has been confused with several other people over the years, including a Finnish man named Vili Lehdonvirta who was once wrongly suspected of being “Nakamoto.”
You might have heard of Vili Lehdonvirta, an associate professor at the Institute for Information Security at Helsinki University of Technology. He was once wrongly suspected of being Satoshi Nakamoto, though he has denied this.
Lehdonvirta is not Satoshi Nakamoto; yet another person who has been mistaken for him by the press and public alike over the years.
Satoshi Nakamoto is a name used by the presumed pseudonymous person or persons who developed bitcoin, created and deployed bitcoin’s original reference implementation, and coined the term “bitcoin.”
Satoshi Nakamoto is a name used by the presumed pseudonymous person or persons who developed bitcoin, created and deployed bitcoin’s original reference implementation, and coined the term “bitcoin.”
Satoshi Nakamoto was born on April 5th 1975 in California. He studied computer science at college before dropping out to work as a research associate at UCLA. In 2010 he published an academic paper titled “A Decentralized Alternative Currency System” which detailed how he believed peer-to-peer systems could be used as alternatives for money creation and value transfer online. This paper prompted Vitalik Buterin (founder of Ethereum) to begin researching similar ideas in earnest; these two would later form part of an informal group that later became known as Ethereum Classic after their disagreement over whether or not Ether should support Turing complete smart contracts like Ethereum does today
Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
Satoshi Nakamoto left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
In 2009, Satoshi posted to a cryptography mailing list he was part of that he had been working on “a new type of electronic cash system” called Bitcoin (which stands for “bit gold”). In this early draft, there were only two elements: a public ledger and an algorithm that could be used to process transactions. In 2010, Satoshi released his first public version of the software code for Bitcoin (codename “Bitcoin 0.1”).
In modern blockchain technolgoy, Bitcoin has seemed to evolve, from Bitcoin (BTC) to new versions such as Bitcoin Cash (BCH).
If Satoshi really is alive and well, it would make sense that he’s drawn more attention to himself recently given how much more valuable his coins are in 2017 than they were in 2013 when he was last active.
If Satoshi really is alive and well, it would make sense that he’s drawn more attention to himself recently given how much more valuable his coins are in 2017 than they were in 2013 when he was last active. Bitcoin has risen from $1,000 in December of 2013 to over $17,000 today—and with that price increase came a corresponding increase in the value of all bitcoins held by any one person or organization (Satoshi included).
The first person who holds more than 1 million bitcoins is now worth close to $17 billion—far more than even Google’s market cap or Facebook’s revenue. If Satoshi Nakamoto were still alive today and had access to his private keys (which are needed for anyone else), then he could sell off all but about 10 percent of his holdings at current prices and still have enough money left over for another house or two!
Conclusion
In conclusion, the identity of Satoshi Nakamoto is still a mystery. While it’s interesting that many people have been trying to crack his code and identify him/her, I think we’ll probably never know who this person is. It would be great if they came forward or let us know themselves because they’ve done so much good for our world but they might not ever want credit or money given how much fame has come with the name.