“Who is Satoshi Nakamoto?” the one question that has the crypto world obsessed more than any other.
There have been many candidates who were handed the title and all returned them saying “not me”.
We would expect the real Satoshi Nakamoto to say exactly that: “not me”, however, today, we are going to look at the candidates who have been named Satoshi Nakamoto and why they were named as such. In conclusion, we will list our favorite candidate for the title of Satoshi Nakamoto.
Let’s begin the hunt!
NSA…who knows, they do!
The SHA-256 algorithm that is the basis of Bitcoin’s ironclad security was first introduced by the National Security Agency (NSA).
All in the name
One of the many translations of Satoshi Nakamoto to its English equivalent means “Central Intelligence” which made people speculate that one or more government agencies are actually behind Bitcoin.
Electronic cash like Bitcoin helps agencies like NSA
Think about it for a second. The perpetrators who want to do heinous crimes while being anonymous would love an electronic cash system that they ‘presume’ to be anonymous. Only it is not and the agencies know exactly what’s going on and they crack down the perpetrators through a slight of ‘anonymous’ cash. As far back as 2013, NSA had listed Bitcoin as their “#1 priority” to track. Bitcoin transactions even got a mention on Snowden’s leaked documents.
So yeah, there is a possibility that the bitcoin was all a big ruse to ambush the ‘tough to catch’ criminals and NSA accidentally gave birth to this entire blockchain and bitcoin revolution.
This one reason should make you believe that NSA may have created the Bitcoin
Here is the kicker, back in 1996 NSA has made public an entire thesis and framework on Electronic Cash using cryptography. The paper titled “How to Make a Mint: The Cryptography of Anonymous Electronic Cash” described the intricacies of public-key, transferability and divisibility while addressing the issues of double-spending and wallets.
The more we dig, the more we find reasons that an agency like NSA has many reasons to create something like Bitcoin and leave it to the wild only to follow the money, literally to nab the anti-social elements. Just saying.
The guy who was on the receiving end of the first ever Bitcoin transaction, Hal Finney has been long thought to be the real Satoshi Nakamoto.
Why not, there are so many uncanny things about Hal that he could easily fit the bill to be the real Satoshi.
Hal lived close to a gentleman named Dorian Satoshi Nakamoto and many think that he used this name as a clever disguise. Hal is purportedly the first enthusiast supporter of Satoshi’s bitcoin vision. He tweeted about his involvement with Bitcoin as far back as 2009.
Besides, Hal is an expert programmer who created the first known anonymous remailer, and as far back as 2004 – he created a “reusable proofs of work (RPOW) digital cash system.”
Hal quit his job in early 2011 and the last known email correspondence with Satoshi is in 2011. This too is used as a ‘hint’ that Hal was indeed true Satoshi Nakamoto.
One of the theories that gets floated around is the reason as to why the Satoshi’s bitcoins do not move is because Hal, who is real Satoshi, is dead.
Whether Hal is real Satoshi or not, he is definitely the one who breathed life into the Bitcoin project during its early days. For that he has our respect.
In a 2014 expose, Leah McGrath Goodman, a Newsweek reporter claimed that Dorian Satoshi Nakamoto to be the real Satoshi Nakamoto.
In the article, a peek into Satoshi’s career by his brother states “What you don’t know about him is that he’s worked on classified stuff. His life was a complete blank for a while. You’re not going to be able to get to him. He’ll deny everything. He’ll never admit to starting Bitcoin.”
The intrigue of a ‘secret career’ further flared the flames that Dorian Satoshi was indeed the creator of Bitcoin.
Dorian publicly denied the claim that he is Satoshi Nakamoto.
Dorian Nakamoto’s message to the bitcoin community, at the conclusion of the Dorian Fundraiser. Donate more to his fundraiser: 1Dorian4RoXcnBv9hnQ4Y2C1an6NJ4…
Dave Kleiman served in the law enforcement when he could have made boat load of money with his coding skills. It was not until his accident that he was confined to a wheelchair and dedicated most of his time in front of the computer.
At the most dire time of his life, even when he had access to over 1.1 Million Bitcoins, he did not touch them.
Those 1.1 million bitcoins were given him by Craig Wright who they were supposed to be returned to in 2020.
Dave’s love for technology was such that every time he would get out of a surgery (he had many after the accident) he would quickly return to the computer.
Craig Wright…yeah right!
Considered to be the joke of Bitcoin-verse, Craig never fails to amuse people with his outrageous claims, including threats to shut down bitcoin and that he is in fact Satoshi Nakamoto.
Few things do work in Craig’s favor in terms of ‘hinting’ him to be the Satoshi Nakamoto. For instance:
- Craig supposedly entrusted Dave Kleimen with 1.1 million bitcoins for safekeeping. Some people believe that only Satoshi would have such a large pile
- Craig once sent an email from the same email that Satoshi owned, spurring the speculation that he might be the real Satoshi
You could give us 100 more reasons indicating Craig to be true Satoshi and we will still deny it. Craig just doesn’t have the composure of a genius who could build something as profound as Bitcoin.
The first ever address on the Bitcoin has initials NS and Satoshi himself stated that he would include his signature on the first address.
In an email from 2009, Satoshi hinted “I just thought of something. Eventually there’ll be some interest in brute force scanning bitcoin addresses to find one with the first few characters customized to your name, kind of like getting a phone number that spells out something. Just by chance I have my initials.”
That address is: 1NSwywA5Dvuyw89sfs3oLPvLiDNGf48cPD
And, many people point to Nick Szabo for the NS initials.
In 2014, British University researchers claimed that they had performed numerous linguistic analyses and pointed to Nick Szabo as the creator of Bitcoin.
They concluded that “Our study adds to the weight of evidence pointing towards Nick Szabo. The case looks pretty clear-cut. Szabo is an expert in law, finance, cryptography and computer science. He created “bit gold”, a precursor to Bitcoin, and was looking for collaborators in 2008. Did Nick Szabo create Bitcoin? We’re not sure, but we think he probably wrote the paper so it’s certainly worth a closer look.”
Another point raised by the crypto enthusiasts is the fact that Nick’s blogging frequency took a nosedive in 2009, the year Bitcoin was released.
One can observe that blog posts have decreased significantly starting in 2009 compared to the previous years.
All in all, Nick Szabo is the closest person who came to be Satoshi Nakamoto, although our eyes are set on the next candidate: Elon Musk.
Elon Musk, a likely candidate, in Elon we trust!
Here is the mission and vision of PayPal that was started in 1998: “PayPal’s mission and vision is that every person has the right to participate fully in the global economy, and that we have an obligation to empower people to exercise this right and improve financial health.”
Was PayPal able to meet its original vision?
We think that PayPal is operating way-under its true potential because of all the red tape it has in its way for being a legitimate company operating in the business world.
Who created PayPal?
10 years after starting PayPal and seeing the financial ruins left by the collapse in 2007-2008, it is quite probable that Elon Musk devised a new way to achieve his vision. Because, Elon never quits.
Afterall, you cannot use fiat on Mars, but you can use Bitcoin, in theory.
Other factors that point to Elon Musk as Satoshi Nakamoto:
- Elon’s strong focus on disrupting the world with better technologies that are not bogged down by the bureaucracy
- Elon got into hot water for taunting SEC with his ‘free to do what I want’ behavior
- The timing of Satoshi’s exit from Bitcoin and the ramping up of SpaceX activities are uncanny
- Elon Musk’s strong background in C++ coding and the fact that Bitcoin is originally coded in C++
- Elon’s active involvement in producing cheap-to-free electricity (Bitcoin’s biggest criticism is that it takes up extensive energy)
The timing of Satoshi Nakamoto conveying that ‘he moved onto other things’ in 2011 coincides with the year in which SpaceX was working on Falcon (and one year after Tesla went public). Clearly, the priorities of taking humanity to Mars and disrupting the entire auto-industry might have kept Elon busy, is a likely argument for why ‘Elon’ excused himself.
We personally don’t care if Elon Musk is actually the creator of Bitcoin, but we hope that he is.
10 Interesting facts about Satoshi Nakamoto
This video covers 10 interesting facts about Satoshi Nakamoto including his nomination for Nobel Prize.
We bring amazing facts about the CEOs, executives and the great personalities from the Blockchain and Crypto space to you through these videos. Subscribe to …
Satoshi Nakamoto’s wallet will never move
In our wild speculation, the close to 1 million bitcoin in Satoshi’s wallet will never move (unless Quantum Computers break the bitcoin network) because they are actually bitcoin stored by Dave Kleimen on behalf of Craig Wright. According to Dave’s friend and business partner, Patrick Paige “If you told me there was a million dollars on Dave’s computer in this room, I wouldn’t even bother trying to look for it,” Paige said. “It would be a waste of time.”
Dave is known for his super-advanced encryption practices and if he was the one who stored them away – it may be nearly impossible to retrieve them.
Just searching for Bitcoin creator Satoshi Nakamoto reveals the toil and dedication of so many people who were involved in giving birth to the Bitcoin revolution. Everyone connected with the crypto space owes a special thank you to the greats like: Dave Kleiman, Hal Finney and Nick Szabo.
In our opinion, Bitcoin was created by a team of visionaries and computing geniuses that includes Hal Finney, Dave Kleiman, Craig Wright, Nick Szabo and, yes, Elon Musk.
That is why people fail to prove one of these individuals as the sole creator of Bitcoin because it was indeed created by a consortium of programming genius, not a single person.
Whether bitcoin was created by a single individual, a group of men or an alien, it may not matter but what matters is that genie is out.
Frequently Asked Questions
After posting this article on who Satoshi Nakamoto is, we were asked other Satoshi related questions.
We are adding this FAQ. In answering the questions below, we refer to Satoshi Nakamoto as Satoshi.
What is Satoshi [in bitcoin]?
Satoshi is the smallest unit of bitcoin. It refers to the 100 millionth of a bitcoin. Like a single US dollar can be split into 100 cents, similarly, 1 Bitcoin can be split into 100 million units and each unit is a Satoshi.
What is Satoshi’s wallet address?
No one knows. Satoshi is believed to have multiple addresses and this article has originally hinted that Satoshi owned about a million Bitcoins. Bitcoin Rich List does not show any addresses that contain more than 255,502 Bitcoins in any single wallet address (this one belongs to Huobi). As such, it is plausible that Satoshi has stored his bitcoins in multiple wallets making it nearly impossible to pinpoint to him. This also supports the theory that Satoshi Nakamoto is not a single person, rather it is a group of individuals or organizations making it difficult to pinpoint to one single person.
What is SatoshiPay?
SatoshiPay is a project that aims to make ‘micro payments’ using Bitcoin possible. As the name suggests, this project’s aim is to make micro payments in Satoshis. For instance, you could tip a good article with a few Satoshis. The fees on Bitcoin network prevent people from conducting micro transactions, however, with lightning network and projects like SatoshiPay, it could soon become possible to spend in Satoshis.
What is Satoshi per byte?
Each transaction on the Bitcoin network requires fees. This fee is paid in Satoshis. When you divide this fee in Satoshis by the transaction size itself (this means, amount of bytes it takes to complete the transaction) – you get Satoshi per byte. This is somewhat a made up measure of unit.
What is Satoshi worth?
If we were to believe the thesis by Sergio Demian Lerner and assume that Satoshi owns around 1 Million Bitcoins (assuming he did not sell, giveaway or lost) then Satoshi’s net worth will be around $9.2 Billion (at the current price of $9200 per bitcoin).
What is the Satoshi test?
You can create signatures from inside Bitcoin Wallet. When someone claims that they truly own bitcoins in a particular wallet, you could ask them to login to their wallet and ‘execute’ a signature. This signature then acts as the proof that the person really owns the Bitcoin in that wallet (as those without access to the wallet cannot execute the signature from within the wallet). Alternatively, you could ask the person to send a few Satoshi’s from the said wallet to another wallet to ‘prove ownership’. These tests of bitcoin ownership are referred to as Satoshi Test.
There will be only 21,000,000 bitcoins of which 18,437,631 bitcoins are in current circulation at the time of writing this article.
Thank you for reading and sharing this article. Stay safe and healthy!
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