In 2009 Satoshi Nakamoto put out his research paper on Bitcoin and the software engineers and cryptologists who studied it said it was bullet proof, but in 2011 he vanished into thin air saying he had other interests to pursue and his Bitcoin wallet has been untouched ever since which is now worth $4 Billion. Maybe he isn't bothered because he knows that in a few years time it would have doubled, and then later, double again in value, but I would have thought it would be worth at least cashing in a $Billion of it to make sure you have it in the bag (or bank, rather), but thinking about it, maybe it's safer in Bitcoin.
Some conspiracy theorists believe that Satoshi Nakamoto never existed and the CIA invented Bitcoin to smuggle drugs around the world. Anyway, a number of people have been put forward as the inventor behind Bitcoin, including a Japanese physicist whose birth name is Satoshi Nakamoto who works in California, but all have denied being the founder of bitcoin. The scientist and businessman, Craig Wright, says he is the inventer of Bitcoin but he has been written off as a scam artist.
In January 2009, a fairly unknown name — Satoshi Nakamoto, became synonymous with a phenomenon. This name took the world by storm with the creation of what is now the most globally successful cryptocurrency. You guessed it right! We are talking about the ‘Original Bitcoin Client’, or Bitcoin — which had now been implemented as open source for the world to use. In 2011, subsequent to finishing what he set out to create and accomplish, he vanished in the endless and everlasting world of Internet.
The Satoshi Impact
Satoshi Nakamoto, the pioneer of digital money and the incredible unknown maker of Bitcoin, is a big mystery inside and outside of the Bitcoin community. In 2008, he distributed a paper (Bitcoin: A Peer-to-Peer Electronic Cash System), which depicted the utilization and points of interest of the shared system. He proposed a decentralized cash which at last brought about the formation of the blockchain.
While he was working in the beginning periods of Bitcoin programming in 2009, correspondence was done electronically. The absence of data made it difficult to discover the character of Nakamoto. In 2011, he vanished into thin air.
It is accepted under his control, the market capitalization of Bitcoin crossed $1 billion by 2013. His personality is a vital inquiry as he holds a staggering $4 billion worth of Bitcoins in his wallet at today’s exchange rate. These coins remain untouched, and his wallet remains idle. Nakamoto truly seems to have left the bitcoin world.
While it has been impossible till date to know the real identity of the mysterious Satoshi Nakamoto, his name’s significance in Japanese is very intriguing. ‘Satoshi’ means “clear thinking; wise”. ‘Naka’ means “medium, inside, or relationship”. “Moto” means “origin”. Nobody on record knows for sure if he is of Japanese origin but the world is inclined towards believing this.
Over the past decade, many people have been speculated to be the real Nakamoto. Who do you think it is?
In the article below are a list of people who are thought could be the inventor of Bitcoin
Clearly Nick Szabo - smart legal/historical minded tech-guy (read his blog); with coding from Hal Finney.
ReplyDeleteAnd obviously better for Szabo to not "be" Nakamoto and be known to have billions from early bitcoin savings.