Who is Satoshi Nakamoto?

Even though Satoshi Nakamoto’s identity is still unclear today, it is undeniable what he created: he is the inventor of the Bitcoin protocol, which he published in a whitepaper in November 2008 via an encrypted e-mail address.

In 2009, he installed the first Bitcoin client and communicated with the Bitcoin community until the end of 2010. He then disappeared from the scene without a trace.

Initially he worked with an open source team on the project and attached great importance to not divulging any personal data. He was last heard from in the spring of 2011 when he said, “I’m going to dedicate myself to other things.

So was he Japanese?

You shouldn’t judge a book by its title. Or should it be? “Satoshi” means “thinking clearly”, “Naka” could mean “inside or relationship”, “Moto” means “origin or foundation”.

All these things fit the person who created a movement and a sophisticated algorithm. The problem, however, is that every single word can have several meanings.

So it cannot be said for sure whether Satoshi Nakamoto is Japanese. For simplicity’s sake, Satoshi Nakamoto is referred to below as the male gender, even if he might be just as female or a union of several people.

Does anyone know who Satoshi Nakamoto was?

The New Yorker Joshua Davis believes Satoshi Nakamoto is a cryptography student of the Dublin Trinity College named Michael Clear. He came to his conclusion from an analysis of all Nakamoto writings containing more than 80,000 words. In it, he searched for linguistic references to Nakamoto’s identity. However, he also suspected the Finnish economic sociologist and former game developer Vili Lehdonvirta. Both, however, have stated that they are not the inventors of Bitcoin. In a web summit in 2013, Michael Clear even publicly announced that he was not Satoshi Nakamoto.

Adam Penenberg of FastCompany denied the suspicion and said that Satoshi Nakamoto was an association of three people: Neal King, Vladimir Oksman, and Charles Bry. He proved this by submitting various sentences from the published white paper to Google to check whether these word phrases had already been found somewhere before. It later turned out that one of the three was named in a patent application to update and distribute cryptic keys. The Bitcoin.org domain that Satoshi Nakamoto had used to publish the white paper was registered only three days after that patent application. According to Penenberg, the domain was registered in Finland and one of the patent applicants traveled to the country six months earlier. However, all three suspects deny being Satoshi Nakamoto.

However, the Bitcoin.org domain was registered on 18 August 2008 by an anonymous Japanese service provider and a Japanese ISP. According to this, the domain was only transferred to Finland. This slightly invalidates the Finland theory.

Still others claim that the inventor of Bitcoin could also be Martii Malmi. Martii lives in Finland and has been involved in Bitcoin’s development since its inception.

Jed McCaleb is also a suspect. He is known as a lover of Japanese culture and lives in Japan. He is also the founder of the controversial Bitcoin exchange Mt. Gox and co-founder of the decentralised payment systems Ripple and Stellar.

There are a number of other potential Satoshi Nakamoto’s, including Donal O’Mahony, Michael Peirce, Professor Shinichi Mochizuki and Dorian S. Nakamoto. However, they all deny being the inventors of a brilliant invention. The Bitcoin community therefore continues to be uncertain about Satoshi Nakamoto’s identity.

What do you know about Satoshi Nakamoto?

Based on interviews with Satoshi Nakamoto’s companions from the early birth of Bitcoin, he is said to have meticulously thought through the system. According to Jeff Garzik, his encodings did not bear the signature of a conventional software engineer.

How rich is he?

According to an analysis by Bitcoiner Sergio Lerner, Satoshi Nakamoto is said to have excavated many of the first blocks in the Bitcoin network, a total of around one million Bitcoins. At the current rate in December 2018, this is more than $3.8 billion.

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