A Brief Description of The Inventor of Bitcoin

satoshi nakamoto

May 12, 2019

FrederikNielsen
46

Who is The Inventor of Bitcoin

Who has invented Bitcoin? This question has become an urban myth into the blockchain circle. Though it true that the enigmatic developer of Bitcoin is Satoshi Nakamoto but only a few of them has learned about the true identity if he is one or more than one people. Satoshi Nakamoto can be a single-handed programmer or a collective programmer. The protocol for Bitcoin was composed by Satoshi Nakamoto in 2007. However, the official white paper was released a year later. The primary Bitcoin chunk was mined in early 2009.

Nakamoto gets himself involved in the Bitcoin community for the following two years. After that, he announced to withdraw his membership from the community in December 2010. Then the reign was turned over with Gavin Andresen. Gavin had a closer relationship with Nakamoto.  After a few months in spring 2011, Nakamoto announced that he will not be involved in Bitcoin and has moved to other things.

satoshi nakamoto

Satoshi Nakamoto nationality

About Satoshi Nakamoto

A number of people are hypothesized regarding the national identity of Satoshi Nakamoto. According to his P2P profile, he was born on April 5th of 1975 in Japan. Many Bitcoin-enthusiasts have doubts on the fluency of Nakamoto’s English in the White paper. Stefan Thomas, a Swiss Coder researched over 500 posts of Nakamoto on Bitcoin. His research showed the possibility of Nakamoto can be a Japanese man living in the GMT zone.

Prospects

It is believed that a good number of prominent people are using Bitcoin in pseudonym.

Dorian Prentice

Dorian Prentice is another closer preference for being Satoshi Nakamoto.  He is a Japanese-American man who lives in California. According to some popular prospects, Satoshi Nakamoto can be the birth name of Dorian Prentice. His background as a physicist and systems engineer led people to think that he could be the founder of Bitcoin.

Nick Szabo

Nick Szabo can another candidate of being Satoshi Nakamoto, though he has repeatedly denied that. He wrote a whitepaper which has some similarities like cryptocurrencies before Bitcoin arrived. A researcher named Skey Grey linked the composing style of Nakamoto to Szabo’s. 

Hal Finney

Hal Finney was a pioneer to cryptography along with the individuals to be utilized the Bitcoin software. In addition, Finney’s writing style also cautiously matched with Nakamoto’s.

Craig Wright

Some people linked this Australian academic Craig Wright to the creator of Bitcoin. The reason behind is Wright was in cahoots of some interesting Bitcoin experts including David Kleiman, Jon Matonis, Ian Grigg and Gavin Andresen.

satoshi nakamoto

Conclusion

Satoshi Nakamoto coded for Bitcoin in 2007 and after a couple of years, he was heavily immersed in the Bitcoin neighborhood. Different reports at different times have declared that he holds around $7 billion worth Bitcoin. If these reports have credibility and if this Nakamoto guy really exists, he would never need any other slice of this Bitcoin pie.

The true identity of the inventor of Bitcoin should remain anonymous because of the nature of their creation. Nakamoto may have comprehended that upholding the anonymity can remove the preceding dot of failure for Bitcoin. Furthermore, removing the single face may have some positive influence on the politics, rules, and decision-making of the Bitcoin community.

Frederik Nielsen
Frederik Nielsen

I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.

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