Satoshi Showing Up Is Not Going To Change Much About Cryptos

Blockchain, News, Opinion | May 26, 2020 By:

When Bitcoin was created in 2009 the whole financial world turned upside down. It was an innovation not seen before because crypto offered a high level of security, speed, and anonymity.

The creator of Bitcoin is deemed to be Satoshi Nakamoto. It is a nickname of course and the real name is still unknown. There have been many theories so far about the inventor of the world’s largest cryptocurrency, but the founder is still unknown. Even if he or she is found out, it is not going to change much about cryptos, and in this article, we will talk about that topic.

Who is Nakamoto?

Who is behind the advent of bitcoin?

More recently, Bitcoin managed to stand on its feet surpassing $9,000, and its creator was on the list of 50 richest people in the world. However, unlike other representatives of this elite club, it is completely not clear who he, she or they are.

From what we know thanks to the Blockchain register, which records information about all transactions on the network, we can conclude that this person owns 980 thousand coins.

The creator of the cryptocurrency is known by the mysterious pseudonym, Satoshi Nakamoto. Whoever he is, he managed to make an incredible fortune in just ten years – of course, provided that digital tokens will retain their high value. By some miracle, a person who managed to attract almost $370 billion to his creation has been able to remain anonymous all this time.

Satoshi Nakamoto is especially known to casino players because the list of new casino online games is slowly becoming Bitcoin-powered. One of the most notable games is called Satoshi’s secret. It is, as the name suggests itself, about the creator of Bitcoin. Perhaps it was a marketing move from online casinos to attract customers, but the fact remains that no one knows about the identity of the creator of Bitcoin.

Nakamoto’s identity has been the subject of lively discussion since 2008 when he published an official description of the revolutionary technology of Bitcoin. Many people have since been suspected of having connections with this mysterious character. Particularly desperate detectives even pointed to the founder of Tesla, Elon Musk.

Is there a real Satoshi?

The now-legendary document, published on the P2P Foundation website, said that Nakamoto was born in 1975 and at that time lived in Japan.

In March 2014, the world’s media trumpeted that a mystery man was found: he turned out to be a computer engineer from the city of Temple City in Los Angeles County. Dorian Satoshi Nakamoto, another Japanese version of the transcription, was Satoshi, the center of attention of photographers and journalists from around the world. After graduating in physics, he worked as a systems engineer on secret defense projects, and then as a computer engineer in technology and financial companies. However, the unsuspecting Nakamoto denied any involvement in the creation of the cryptocurrency.

Initially, this person was named the creator of Bitcoin in an article by Newsweek magazine. However, shortly after the interview in the Nakamoto account on the P2P Foundation, the first publication in five years appeared with the text: “I am not Dorian Nakamoto.”

It is believed that the account was hacked and Nakamoto himself did not send the message.

It soon turned out that a few blocks away from Dorian Nakamoto was a computer scientist and one of the pioneers of cryptography, Hal Finney, who became the recipient of the first Bitcoin transfer operation in history.

Andy Greenberg, a Forbes journalist, tried to meet Finney at his home and interview, even though he suffered from an incurable disease – amyotrophic lateral sclerosis, which deprived the scientist of the ability to speak and move. After analyzing Finney’s handwriting and comparing it with Nakamoto’s handwriting, Greenberg assumed that Finney, who was very amused by the question of whether he knew Nakamoto, was a secret author of bitcoin or used his neighbor’s name as a cover.

Nevertheless, Finney did not recognize himself as the secret creator of Bitcoin, and in the end, Greenberg believed him.

Australian footprint

Perhaps the closest thing to exposing Nakamoto was when the Australian authorities raided the home of scientist and entrepreneur Craig Wright on suspicion of tax evasion.

In December 2015, the Gizmodo and Wired websites published independent studies in which the Australians were called the probable creator of the cryptocurrency. Later, this fact was recognized by Wright himself. He published a detailed admission on his blog, and then provided the media with what he said was proof of the words.

Will the appearance of Satoshi change anything regarding Bitcoin?

We live in a world where cryptocurrencies managed to become a norm. Even if the real identity of Satoshi is revealed, it is not going to be a huge problem. Sure, it will spark a massive controversy, but the impact won’t be so harmful to cryptos. Millions of people are now using cryptocurrencies as a way of payment, and the revelation will not likely change the current agenda.