A Look Back at the Origins of Satoshi Nakamoto

Several years have passed since the day he published his article on Bitcoin in 2008. To this day, the mystery surrounding his identity has still not been solved.

A Look Back at the Origins of Satoshi Nakamoto

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Satoshi Nakamoto is the pseudonym used by the creator(s) of Bitcoin, a decentralized currency based on Blockchain technology. He is also known as a computer programmer, cryptographer, and software developer. This pseudonym was first used in 2008 when he published an article about Bitcoin on The Cryptography Mailing List. However, his true identity is still unknown to this day.

The last communication from Nakamoto with the public dates back to 2010 when he published an article about an issue that needed to be resolved before Bitcoin could go live: "I'm sure there are solutions to these problems, but I don't have time to implement them right now." The issue was never resolved and the identity of this individual remains a mystery.

Some people have claimed to be Satoshi Nakamoto, but none of them have yet been able to prove it.

The Trigger

His early work takes place around the time of the financial crisis of 2007. In 2008, Satoshi announced in an email his plan to create a virtual currency that would escape the control of centralized financial institutions. Later, the Bitcoin protocol was published in a 2008 article written by Satoshi Nakamoto. The document proposed a peer-to-peer electronic payment system that would allow online payments to be sent directly from one party to another without going through a financial institution.

According to Nakamoto: "The fundamental problem with conventional currency is all the trust that's required to make it work. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction of reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts."

These words stated by Satoshi Nakamoto in February 2009 in the wake of the global financial crisis of 2007 and the world economic crisis of 2008, resonate today more than ever as the world financial system is in full turmoil.

Satoshi Nakamoto Today

The analysis of the Bitcoin blockchain has allowed deducing with a relatively high degree of certainty which addresses are likely those of Satoshi Nakamoto. According to the chain analysis conducted by Sergio Demián Lerner, the chief scientist at RSK Labs, Satoshi owns around one million bitcoins. These addresses date back to the beginning of Bitcoin in 2008. Every day his wallets are scrutinized and new information about Satoshi is sometimes discovered by the creator's admirers.

Satoshi Nakamoto's identity has never been revealed to this day, and since we can't be sure of who he is, we can't know for certain what his motivations were, although it would seem that poor management by financial authorities was the trigger.

The fact that he has remained anonymous all this time is a testament to the importance he attaches to his work and his commitment to its success.

 

Check out our recommended article, which has been read by other users interested in this topic: The developments of Bitcoin in recent years

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A Look Back at the Origins of Satoshi Nakamoto

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