Bitcoin (Btc) Creator Unmasked: The Hidden Identity of Satoshi Nakamoto

Bitcoin (Btc) Creator Unmasked: The Hidden Identity of Satoshi Nakamoto

The Hidden Identity of Satoshi Nakamoto

The wait is over! This massive news will blow your mind, so brace yourself as we unfold the legendary founder and creator of Bitcoin and all other mysteries surrounding it. 

The origin of Bitcoin began in 2009, a digital cryptocurrency asset that was designed to function as a medium of exchanges that uses cryptography to control its creation and management; Rather than relying on the federal authorities, we have to have a prior idea about the creator of Bitcoin, the alleged pseudonym Satoshi Nakamoto, it was his idea where he integrated many existing ideas from the cypherpunk community. 

As a result, after all these years, Bitcoin remains the leader of all cryptocurrencies, with a market capitalization of more than a trillion dollars, trending more than 50,000 US dollars! Leading with a margin of more than 50 thousand dollars, a difference that other 9500 cryptocurrencies will take years to overcome; Bitcoin is and will continue to be the leader of the digital currency. 

Furthermore, with the growing power of both Bitcoin and its holders, it is not enough for the currency to make its entrance into the mainstream banking world by converting its role into a full-time real-life currency. Bitcoin came up as a revolution and is staying, it has a shelf-life more than that of a real-world currency, making the lives of thousands of people more accessible and more approachable the coin has gained respect from almost all corners of the world, so, it will be a little disrespectful if we don't address our concern to the creator of this revolutionary coin. 

Bitcoin, known as a preeminent cryptocurrency in the world; however, there has been a lot of mysteries revolving around the idea, and the entire concept of its creation, including its creator, which is why this becomes a far more pressing issue for us to investigate and let our research fill you with knowledge about Bitcoin. 

Although we know that Satoshi Nakamoto was involved in the creation of Bitcoin, as a computer programmer, however, there are a lot of questions pruning every then and now regarding his identity; did they really think "Satoshi Nakamoto" is a person? 

Not really, Satoshi Nakamoto is the name used by the presumed pseudonymous, he might be one single person with a single heart and brain, or it might be a group of person, responsible for the development of Bitcoin, interestingly it's been over ten years of Bitcoin's existence, till not the creator's identity wasn't traceable, isn't this entire situation is impressive? 

It reminds us of those peculiar superhero movies, where the lead role never reveals this identity to the world, reasoning that it might not be beneficial for his loved ones. That amount of fame could actually be more disastrous than a Tsunami for a common man's social and intimate life. Further, we will discuss the impact of uncovering Nakamoto's identity in real life in this article. 

"Satoshi Nakamoto'', is the reason we are not sure about him being even an actual human; as a part of the implementation, Nakamoto was the deviation of the first blockchain database, in the process of which "Nakamoto was the first to solve the double-spending problem for the digital currency using a peer-to-peer network. 

Going a little bit into the history of digital currency, on the 18th of August 2008, Satoshi Nakamoto had published a paper on social media, stating his work on the code writings of Bitcoin started at the beginning of 2007, he or a coworker registered the domain name, creating a website at the similar address, on 31st of the same month, the nine-page white paper was published on the cryptography mailing list at containing the first even mentioned of Bitcoin, calling the same as a "peer to peer electronic cash system", at was at this point that the idea of Bitcoin was restricted only to that nine paper white paper.

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However, it was in 2009, Nakamoto had taken that concept re-mechanized into running the test, with that Bitcoin's first software, was released, version 0.1 of the software on SourceForge, the network launched by the mining "genesis block of bitcoin, which further had a reward of 50 bitcoins, for the first few years Nakamoto was observed to be active on the software, writing in forums and sending out emails, collaborating with other developers on the development of Bitcoin's software until the middle of 2011, after when he gave all the control of the source code repository and network alert key to Gavin Andresen.

Gavin Andresen.

He further transferred several interrelated domains to various prominent members of the already built bitcoin community, after which he stopped his recognized involvement in the project. Wait? Where did he go? Nakamoto was nowhere to be found, figuratively speaking, he just vanished into thin air; we still want to find out what superpowers Nakamoto used to get invisible just like that; not even a single close collaborator was even able to trace him. 

None of them even ever met Nakamoto in person, both by the person or even in coding terms; his existence was gone. Nakamoto was successful not to get his identity discovered, even when he talked about technical matters or at times providing commentaries on banking and fractional-reserve banking. 

Later on his P2P Foundation profile as of 2012, Nakamoto was claimed to be a 37-year-old male who was believe to be living in Japan; some people believe that Nakamoto cannot be Japanese because of the standards of English fluency, also because bitcoin's software was not ever being documented or labeled in Japanese; even though the findings might sound natural, but is questionable, because why would a person make it so apparent by marking it on the software that he is a Japanese when he is trying all his ways to remain anonymous? 

Won't it be too foolish for a brilliant coder? This wasn't just one speculation; there were others as well; Laszlo Hanyecz and John McAfee were developers who left that the code was written too well and couldn't be a one-person job; they claimed that Nakamoto was a "team of eleven people". 

However, others thought Nakamoto was of Commonwealth origin due to the codes having a source of British English. Furthermore, Nakamoto had referred to the London Times newspaper in the first bitcoin block mined by him. But while looking for all technical details, almost everybody forgot about the most visible loophole. 

Nakamoto, after creating such a colossal economy, did not walk out empty-handed; he took out this share, which is estimated at one million Bitcoins, that is as of today's worth would be over 56 billion dollars, so the most asked question, why would Nakamoto had to vanish?, to this there can be two theories, firstly, Nakamoto was selfless enough to let Bitcoin grow and become an authentic leader without the creator getting credits. 

Whereas for the other theories, Nakamoto wanted his patent share, seeing Bitcoin taking off, he tried to keep his privacy, according to the hypnosis of Matt Green, a cryptocurrency professor at John Hopkins University. 

Furthermore, he pointed towards Dorian Nakamoto, a Japanese American who was a potential possibility of Satoshi Nakamoto. Newsweek in March 2014 identified Dorian Nakamoto as the creator of Bitcoin; after this news got published, several news media landed onto his home and nearly tore apart his personal life, wasn't that obvious? That's what the media does. 

That might be the reason why the actual creator doesn't want to reveal himself, for destroying your personal life should be the last thing any regular human would wish to. However, not all hate being in the limelight; for instance, Craig Stephen, a former Australian Academic, who in 2016 informed BBC that he could prove himself as the founder of Bitcoin on Camera, but that didn't seem to go very well. 

Figuratively speaking, Nakamoto holds one million Bitcoin from the finite supply of 21 million coins, which means he holds 5 percent of the coin already, that is more than the holdings of the US government concerning Gold; and if Satoshi had to sell them, the market would tank; because bitcoin has a finite supply, its value increase with its rareness, with Satoshi holding 5 percent of the rare coin, he has the ability to flood the market at any point, that way Bitcoin will only lose its value. 

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However, analysts say that this impact would not be an elongated one, for ultimately the coin's trust is what matters, with Bitcoin already having substantial goodwill, the market will eventually rebound back. 

Apart from financial impacts, Nakamoto has his influence on political affairs as well, even if Nakamoto doesn't come out in person, his creation, Bitcoin, has had a lot of political fractions, to the extent that Nakamoto has become a sort of the guiding lamp for the communities, by uncovering his mask, he will be welcomed as a spiritual leader. 

The community might actually benefit from it. But as of now, we don't see any sign of Satoshi Nakamoto coming into the limelight pretty soon; who would want to disturb one's own anonymity, providing protection, privacy, and peace? 

That is much better than uncovering to the world, the most precious and demanded creator face, of the leader of digital cryptocurrency because that unboxing can destabilize internal politics and wreck the price of Bitcoin. With that, we have come to the end of the article; let us know in the comments below what your thoughts are on this theory.

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