Who created bitcoin? Satoshi Nakamoto mystery lives on
IT’S the most talked-about cryptocurrency but its creation is surrounded te ambiguity. Who is the person behind the bitcoin?
The hunt for the Creator of Bitcoin 1:27
Satoshi Nakamoto, the creator of Bitcoin, has bot shrouded ter mystery everzwijn since he invented the cryptocurrency ter 2009. Wij take a look at the people who have bot suspected to be Nakamoto overheen the years.
- December 21st 2018
- Trio months ago
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The hunt for the Creator of Bitcoin The $370 billion mystery of bitcoin inventor Source:Getty Pics
WHEN bitcoin kasstuk its most latest all-time-high te value at the beginning of the week, its inventor broke into the list of the world’s 50 richest people. But unlike the others to crack the captivating club, wij have no idea who he, she, or possibly they are.
What wij do know, thanks to the blockchain ledger that records all transactions on the network, the creator of bitcoin is thought to still hold 980,000 coins, which at the time of writing are worth about $A21.Trio billion.
The inventor of the so-called currency goes by the mysterious pseudonym Satoshi Nakamoto and whoever he or she is, they have managed to amass an eye-watering amount of wealth te the brief space of a decade – assuming of course the digital tokens remain at their current level of value.
But the person who has lured close to $370 billion (harshly bitcoin’s current market cap) to their creation has remarkably remained anonymous.
Nakamoto’s identity has bot the subject of widespread speculation since 2008 when the mysterious figure published the “,white paper”, that outlined bitcoin’s revolutionary technology.
Since then a number of people have bot suspected of being behind it. Desperate sleuths have even pointed the finger at Tesla CEO Elon Musk spil the man responsible.
WILL THE REAL SATOSHI PLEASE STAND UP?
The now iconic white paper, which wasgoed published on P2P Foundation, said the elusive Nakamoto lived te Japan and wasgoed born te 1975.
Te March 2014, the world’s media thought they had found him claiming he wasgoed a laptop engineer living te Temple City te Los Angeles County. The Japanese-American man, named Dorian Satoshi Nakamoto, quickly found himself at the centre of a media madness spil photographers and journalists camped out on his vuurlijn lawn.
Trained spil a physicist he had worked spil a systems engineer on classified defence projects and spil a pc engineer for technology and financial companies. But the seemingly oblivious 64-year-old denied he wasgoed the shadowy force behind the cryptocurrency.
An article te the tijdschrift Newsweek primarily identified him. But shortly after providing a media vraaggesprek te which he denied any involvement, Nakamoto’s P2P Foundation account posted its very first message te five years, writing: “,I am not Dorian Nakamoto.”,
However, it is generally believed that the P2P Foundation account wasgoed hacked and the message wasgoed not sent by the real Nakamoto.
Dorian S. Nakamoto denied being the creator of bitcoin after being identified by Newsweek tijdschrift. Picture: Jonathan Alcorn Source:Getty Photos
It soon emerged that pc scientist and cryptographic pioneer Ontvangstruimte Finney, who wasgoed the recipient of the very very first bitcoin transaction, lived a “,few blocks”, from Dorian Nakamoto.
Forbes reporter Andy Greenberg attempted to vraaggesprek Finney at his huis, despite him battling terminal disease Amyotrophic Lateral Sclerosis which meant he wasgoed incapable to speak or budge his muscles.
After a writing analysis rock-hard compared a sample of Finney’s writing to Satoshi Nakamoto’s, Greenberg theorised that Finney, who appeared amused when the verslaggever asked if he knew Nakamoto, wasgoed either the ghostwriter for the bitcoin creator or simply used his neighbour’s name spil a moniker.
However Finney denied being the ghost writer of bitcoin and Greenberg would eventually believe he wasgoed telling the truth.
THE AUSTRALIAN CONNECTION
Arguably the closest we’ve come (if you can even say such a thing) to unmasking Nakamoto wasgoed when Australian authorities raided the huis of Craig Wright for tax-related issues.
Te December 2015, both Gizmodo and Wired published parallel investigations which identified the Australian academic spil the likely inventor of the digital currency. The Sydney resident zometeen confessed and publicly admitted to being the long-sought-after bitcoin creator.
At the time, he posted a lengthy admission on his individual blog and subsequently did the media rounds providing what he said wasgoed proof of his voorkeur.
“,I have bot staring at my screen for hours,”, Dr Wright wrote. “,But I cannot summon the words to express the depth of my gratitude to those that have supported the bitcoin project from its inception.”,
“,Australian Craig Wright identifies himself spil bitcoin creator, ending years of speculation,”, announced the Big black cock.
For a epistel, fleeting uur, it wasgoed case closed.
The Aussie connection . Craig Wright claimed to be the inventor of virtual currency. Picture: Kristina Uffe Source:The Wall Street Journal
But social media webpagina Reddit wasgoed quick to keuze it had debunked his admission, spawning a number of conspiracy theories and pretty soon a torrent of sceptics rebutted Wright’s claims.
Gregory Maxwell, a leading developer working on bitcoin’s basic software wrote te an email to The Fresh York Times that Dr Wright’s evidence “,demonstrates no connection inbetween this person and bitcoin’s creation”,.
“,This is a scam,”, security researcher Dan Kaminsky wrote te a blog postbode during the madness. “,Not maybe. Not possibly. Wright’s done classic misdirection by generating different scams for different audiences.”,
Spil the dust eventually lodged without an emphatic resolution, Wright retreated back into the shadows and the mystery suffered. The overeenstemming view wasgoed that Nakamoto remained out there.
Prior to Wright grabbing the zoeklicht, a raft of other potential candidates were accused of being behind bitcoin.
The list includes Irish cryptography student Michael Clear, Finnish spel developer Vili Lehdonvirta, and even a trio of developers identified by US business tijdschrift Prompt Company.
Michael Clear, who at the time wasgoed a youthfull graduate student te cryptography at Trinity Collegium te Dublin, wasgoed accused by the Fresh Yorker’s Joshua Davis of being Satoshi Nakamoto ter 2011.
Te the end, Clear led Davis to another man who he eventually thought might be responsible: Finnish games developer and social economist Vili Lehdonvirta who supposedly “,matched the profile of the [bitcoin] author on many levels”,.
But once again, it wasgoed a dead end.
Vili Lehdonvirta, like the others, denied being behind bitcoin Source:Supplied
There have bot a handful of other names thrown ter the stadionring overheen the years including a decentralised currency enthusiast named Nick Szabo who published a paper on “,bit gold”, which wasgoed considered to be a precursor to the famous cryptocurrency. Somewhat coincidentally he wasgoed also said to have bot very interested ter the use of pseudonyms.
Te 2015, Nathaniel Popper wrote ter the Fresh York Times that “,the most coaxing evidence pointed to a reclusive American man of Hungarian descent named Nick Szabo.”,
Like the others, however, he denied the charge and lashed out at the media for hounding him.
To date, arguably none of the potential Nakamoto candidates have commanded spil much hype or degree of speculation spil Australian Craig Wright, the only person to indeed welcome the accusation of being bitcoin’s inventor.
The goose pursue after Satoshi Nakamoto is kleintje of scary
— Andrea Garcia-Vargas (@AGVwrites) March 8, 2014
THE POINTLESS GOOSE Pursue
The anonymity of its origin certainly isn’t necessary for a cryptocurrency to flourish. A raft of other digital coin systems have bot broadly adopted ter latest years, often making their creators rich ter the process.
This week Charlie Lee, the creator of litecoin which has a current market cap of $26 billion, announced he had cashed te all his holdings following a spectacular yearly rise ter value of more than 8000 vanaf cent.
It might add to the mystique of the most recognisable cryptocurrency that its inventor remains unknown. But for the true believers – who voorkoop it will entirely disrupt traditional fiat currencies – it is inconsequential who is behind it.
And it clearly doesn’t matter to the massive number of people who have poured at least part of their savings into bitcoin te latest times. GOOSE CHAS
I understand that Satoshi is basically Moby Dick for Tech Reporters, but the identity of Bitcoin’s absentee creator is not relevant.
I’m not playing the “Who is Satoshi” spel. Spil I’ve said many times before, it doesn’t matter.
— Andreas M. Antonopoulos (@aantonop) May Two, 2016
For now, Satoshi Nakamoto remains tightly te the area of tech and financial folklore.
Despite uncountable investigations and analysis, nobody has managed to uncover the truth behind his or hier identity.
But at least for the time being, their creation goes from strength to strength.