We figure out what is currently known about the mysterious creator of bitcoin.
What is all the fuss about?
In 2008, the article “Bitcoin: Peer-to-Peer Electronic cash system” came to light for by the name of unknown Satoshi Nakamoto. In this material, the essence of the world’s first cryptocurrency was revealed, and its readers were several hundred cryptographers.
After a while, the idea of Bitcoin found its audience: in the same year the development of a virtual coin began. The first developers were engaged in cryptocurrency together with Satoshi Nakamoto, but they never saw him in person. And three years later, in 2011, he completely stopped communicating – since then he is considered to be missing.
According to the latest information, every 12th bitcoin in the system belongs to Satoshi Nakamoto, which makes him one of the top 50 richest people in the world. At the time of writing, Nakamoto owns about 1 million bitcoins – more than 20 billion US dollars.
How did it become known? Each bitcoin received by Satoshi is recorded in the blockchain-register. There is also a theory that allows you to see the “handwriting” of the mining of Nakamoto. According to it, the creator of the first cryptocurrency allegedly used several personal computers to mine a virtual coin.
Chart of mining activity of Satoshi Nakamoto from 2009 to 2010:
After 10 years, the brainchild of Nakamoto is considered one of the most significant phenomena in the field of economics. Based on the bitcoin, hundreds of other cryptocurrencies are being created, which, in turn, allow the development of applications for any requirements – from ordinary transactions to trading and fulfillment of tasks at the national level. For example, Ethereum.
In 2015, Nobel Committee decided to award Satoshi Nakamoto Nobel Prize for his contribution to the development of the world economy. This did not happen because the identity of the unknown person (or persons) who are hiding behind the name of Satoshi Nakamoto was never disclosed.
Name or pseudonym
Above in the text, we tried not to address Satoshi Nakamoto as an individual person, so as not to be unfounded. Thousands of enthusiasts around the world are trying to find out the owner (or owners) of the name Satoshi Nakamoto, to understand the very origin of the cryptocurrency. It is a very important point, as this will shed light on the task of bitcoin.
We will bring a few theories and investigations who or what Satoshi Nakamoto is that received wide response and support:
1. Dorian Satoshi Nakamoto is an American-Japanese guy from the suburbs of Los Angeles. Journalists were able to find out that a 68-year-old engineer Nakamoto in his youth has been working on secret orders in the defense field. The similarity of names and professional skills gave the media all over the world a reason to honor Dorian to have the name of the bitcoin’s creator. Nakamoto himself rejected these arguments.
2. A year earlier, the scientist-cryptographer Nick Szabo with his invention of 1998 – digital gold BitGold, which is the “ancestor” of Bitcoin, came out. There is also no convincing evidence to support this theory.
3. Craig Wright is a scientist and entrepreneur. The Australian is a famous miner and was accused of tax evasion. In 2015, he admitted that Satoshi Nakamoto is his nickname and he is the creator of Bitcoin. Seriously, no one reacted to this, and last year, when CoinDesk published a list of the most influential personalities in the crypto world, Craig complaint that he did not see him in the list. But Satoshi Nakamoto’s name is in the top. It was a fail.
4. There is also a theory that Satoshi Nakamoto is the name of a team of the giants of the digital market representatives. If you combine parts from the brands Samsung, Toshiba, Nakamichi and Motorola, you will get this name. However, it already seems far-fetched.
Until now, the Bitcoin’s creator is unknown. Satoshi Nakamoto is considered a folkloric character in the cryptocurrency world. Also the smallest part of Bitcoin is called in his honor: 0.00000001 BTC = 1 “Satoshi”.