The Father of Bitcoin: Who Is Satoshi Nakamoto?

Satoshi Nakamoto

Once the piece came out, Clear strongly denied having anything to do with Bitcoin, and wrote a response on his blog. Wright has been in and out of courtrooms trying to prove his claims and deter his critics but has failed to prove that he is indeed Satoshi Nakamoto. An indisputable proof would be a show of ownership of Satoshi’s Bitcoin wallets, achieved by signing a transaction from any known wallet. Satoshi’s true identity and nationality remain unknown, but this has not stopped journalists and blockchain enthusiasts from speculating about this subject.

  • Craig Wright is an Australian computer scientist, businessman,  and controversial figure since his claim on Satoshi’s real identity.
  • Wright has leveraged his “substantial financial backing” against crypto developers based on a lie, “many of whom cannot even afford to present the most basic defense,” Coinbase Chief Legal Officer Paul Grewal said on behalf of COPA.
  • Hal Finney was active in the Bitcoin community before and after its launch and was the first person to receive a bitcoin in a transaction.
  • Moreover, it was smart to use a pseudonym, he argues, because it forced people to focus on the technology itself rather than on the personality behind it.
  • The choice of the Times has prompted speculation that Satoshi may have been based in the U.K., and that their motivation for creating Bitcoin was linked to the instability caused by fractional-reserve banking.
  • Since then, numerous theories surfaced about his potential involvement, even only because of his fascinating Bond villain-like life story, and what it would mean for crypto if it turned out the allegations that he did invent Bitcoin were true.

People Thought to Be Nakamoto

Satoshi Nakamoto

Mr Justice Mellor also ordered Wright to publish the same content on his X account and in Slack channels he frequents, so that it can receive wider attention. The judge did, however, deny a COPA demand that Wright place an ad in venerable UK newspaper The Times about his defeat in court. The group requested that penalty because the busted bit-bloke had used the organ for an ad of his own – in which he asked for a settlement that would have required COPA to accept his claim to be Nakamoto.

  • Unlike the three individuals who denied being Satoshi Nakamoto, Craig Wright has publicly claimed to be the creator of Bitcoin and the author of the Bitcoin whitepaper.
  • Nick Szabo, an early cypherpunk, was friends with many people in that circle.
  • Both Adam Back and Hal Finney, two of Satoshi’s early collaborators, used their real names online.
  • One researcher tracked the times that Satoshi posted on the bitcointalk.org forum, indicating a “steep decline” in posts between 5am and 11am Greenwich Mean Time (or midnight to 6am EST), possibly indicating when Satoshi was asleep.
  • Wei Dai is a computer scientist whose cryptography expertise sees him feature near the top of every ‘who is Satoshi’ article ever written.

As Cryptocurrency Plummets, the Father of Bitcoin Is Nowhere to Be Found

Satoshi Nakamoto

Alternatively, he could claim ownership of Satoshi’s P2P Foundation account or even the Bitcoin creator’s email address. This would definitely prove the person who is Satoshi Nakamoto is actually him. However, he used the copyright given to him to cause quite a stir by posting from Satoshi Nakamoto’s “verified” Twitter account.

Is Satoshi Nakamoto a Real Person?

  • Wright has been in and out of courtrooms trying to prove his claims and deter his critics but has failed to prove that he is indeed Satoshi Nakamoto.
  • Satoshi Nakamoto is an anonymous individual or organization who authored the Bitcoin blockchain whitepaper in 2008 and also launched the network in January 2009.
  • In a judgment [PDF] delivered on Tuesday, Mr Justice Mellor noted Wright is yet to file an appeal.
  • Others point to addresses with anywhere between 750 bitcoin and 1.1 million bitcoin.
  • They had suggested a link between an address allegedly owned by Satoshi, and the site.

Given that Bitcoin has been increasingly recognized as a threat to the supremacy of central banks, they may have been concerned at painting a target on their own back. While governments might not be able to ban Bitcoin, they could certainly exert pressure on its creator to assert their sovereignty and dissuade others from following in their footsteps. It’s happened before, after all; in 2011, Bernard von NotHaus was convicted of making, possessing and selling his own private currency, the Liberty Dollar.

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