Bitcoin enjoys unparalleled popularity. Being the first and pioneering digital currency, it enjoys supremacy in the crypto market. As much as Bitcoin is popular, so is the name behind it. Yes, we are talking about the originator or introducer or discoverer of Bitcoin, Satoshi Nakamoto. While much has been talked about Bitcoin and how it operates, the benefits it gathered. But in this blog, we are going to unfold the mysteries surrounding Satoshi Nakamoto. The much-touted name in the world of cryptocurrency also holds so many mysteries around it. Let’s try and unfold the details of the same.
Who is Satoshi Nakamoto?
It is the name behind decentralized cryptocurrency Bitcoin. While the world got to know about cryptocurrency in 2009, the work to introduce this revolutionary currency started in 2007. The name was sent for registration on 18th August 2008. In the month of October, a white paper on cryptography was published. This white paper had all the details about Bitcoin and its functioning. It also discussed the idea of peer-to-peer interaction.
In January 2009, Version 1.0 was launched. To launch it globally, Nakamoto collaborated with developers on Bitcoin software and also modified the source code to make it flawless. Nakamoto owns around 750,000 to 1,100,000 bitcoins. His net worth had risen to 73 billion dollars by the end of November 2021. He has gained the position of 15th richest person in the world. But this is one side of the story that most of us know, but there are other aspects associated with Satoshi Nakamoto, and these mysteries keep the crypto investors glued to this concept.
Three people who can be Satoshi Nakamoto
Craig Wright- Now, the first question that arises is why he could be Satoshi Nakamoto? Well, the timestamps of Nakamoto’s blog coincide with Wright’s blog. He is an Australian Scientist. Wright’s blog was doing rounds on the internet and discussed a similar concept as that of Satoshi Nakamoto, and this was months before the white paper for Bitcoin was published. Also, there were certain emails with Wright’s lawyer that also showed evidence of discussion of P2P. This information was published in The Wire. However, Wright was unfazed by these claims.
Dorian Nakamoto- The next name that we have on our list is Dorian Nakamoto. One of the obvious reasons was his name Nakamoto which drew a lot of attention. However, there were other similarities that made Dorian Nakamoto be Satoshi Nakamoto. Dorian had connection with Japan and a leaning towards the libertarian. He has also worked on several Japanese defence projects. However, Dorian Nakamoto has denied the claims of him being Satoshi Nakamoto.
Nick Szabo- It was in 2013, when the name Nick Szabo was linked to Bitcoin. He has a keen interest in decentralized currency and has also published a paper on bit gold. His interest in Bitcoin and cryptocurrency raised the speculations of him being Satoshi Nakamoto. Well, these are not mere speculation; even the business tycoon Elon Musk has come forward to support the fact that Nick Szabo could be the man behind Bitcoin. Nick Szabo had published papers highlighting the same concept on which Bitcoin operates, and this is enough to prove that Nick could be Satoshi Nakamoto.
This was the basic information about who could possibly be Satoshi Nakamoto. While much is being contemplated, there is no concrete proof to claim who could be the actual man behind this revolutionary technology. There are speculations that Satoshi Nakamoto could be the acronym for four company names combined together.
Well, the actual names behind Satoshi Nakamoto could be Samsung, Toshiba, Nakamichi, and Motorola. When you take the first two alphabets of Samsung, i.e. Sa, four letters from Toshiba- Toshi, it becomes Satoshi and Naka from Nakamichi and Moto from Motorola, to make it Nakmoto and hence we have a moniker, Satoshi Nakamoto.
Irrespective of who is the man or company behind this unique concept, Bitcoin continues to rule the popularity charts. There are several altcoins, but the market value and growth that Bitcoin has witnessed over the last few years is unparalleled.
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