Bitcoin is the pioneer cryptocurrency that set the ball rolling for all the altcoins available in the market. The whitepaper for Bitcoin was published in 2008, and the first Bitcoin transaction took place in 2009. Since 2013, the cryptocurrency has seen global acceptance by traders, investors, and everyday users alike. However, with all that is known about the blockchain technology, the creator of Bitcoin is still shrouded in mystery.
Who is Satoshi Nakamoto?
The name of the Bitcoin whitepaper was Satoshi Nakamoto. The name itself is considered a pseudonym which the person or group behind Bitcoin used to keep themselves anonymous. He was believed to be a Japanese national born in 1975. However, many people think that’s not true since he spoke English fluently and did not use Japanese as such in the whitepaper.
Prior to and around the time of the publishing of the whitepaper, Nakamoto made a number of posts on forums and blogs. Going by his activity and the time of his making posts, people believed he lived somewhere in the Americas. Judging by his use of UK English at times, people believed he was someone from the commonwealth. But both those speculations were of no help.
Theories and Claims around the Identity of Satoshi Nakamoto
The fact that Satoshi Nakamoto created a novel piece of technology and had an understanding of the market meant not a lot of individuals fit the bill of being the face behind the name. The pool of individuals is quite small, but still, there has been no evidence of who Satoshi Nakamoto really is. Some people have been thought to be him, but no concrete result has been achieved. A few of those believed to be Satoshi at some point are:
Born Dorian Prentice Satoshi Nakamoto, he was widely believed to be the Nakamoto everybody was looking for. He lives in Temple City, Los Angeles County, and has a history of working on high-profile projects. He even said once that he is no longer a part of Bitcoin and it is left to the people now. However, he later clarified he was referring to his work in Citibank which Bitcoin was related to at the time, and rubbished claims he was the elusive Nakamoto.
He received the first bitcoin from Satoshi Nakamoto and is a computer scientist himself. His close relationship with Nakamoto as well as the fact that he lives just a couple of blocks away from Los Angeles County’s Nakamoto led people to believe he used his identity to create the name.
The founder of Bit Gold was closely involved with Bitcoin but has always maintained he isn’t Satoshi Nakamoto. He did once say, though, that only himself, Hal Finney, or Wei-Dei, creator of BMoney, could be Satoshi Nakamoto.
He is the only one who has come forward and said he is Satoshi Nakamoto. An entrepreneur and computer scientist from Australia, he said he could show the working of the first proof-of-work and has evidence he is the real deal. But experts have labelled him as a glory hunter.
The Importance of Finding Nakamoto
People aren’t just attracted to the name because there is a mystery around it. Satoshi Nakamoto is also one of the richest people in the world. He/they own around 1 million bitcoins. This is 5% of the total reserves; the same amount of gold reserves the US government holds. Thus, this makes his net worth as $15 billion.
With the number of coins at his disposal, he could sway the future of Bitcoin as he sees fit. Some even claim that he was in it for the money and after getting more than his share of it he decided to lock up the shop and disappear. Others believe he was in it to help the people and always wanted to give control to the people once the cryptocurrency got on its feet. Whatever is the case, there’s still no evidence who Satoshi Nakamoto is.