Satoshi Nakamoto is a name behind an individual or group of persons who invented bitcoin. It all started in November 2008. Nakamoto published cryptography mailing list in a research paper called “Bitcoin: A Peer-to-Peer Electronic Cash System.” It was the first paper about cryptocurrency. He continued to develop with others until the end of 2010. Later on, he stopped all work on the network and as he said on April 23rd, 2011, “I’ve moved on to other things. It’s in good hands with Gavin and everyone.”

Was he Japanese? Satoshi Nakamoto stated that, but it remained unsure. In Japanese, Satoshi means “bright” or “clever,” Naka means “medium,” “inside,” or “relationship,” and Moto means “foundation,” or “origin,” which implies that it can be just a pseudonym.

Who can be the real founder of Bitcoin? There are multiple names involved. Some of the more elaborate theories that arose guess that it can be some of the following persons:

– Dorian Nakamoto, California resident, whose birth name is Satoshi Nakamoto. He was first mentioned by journalist Leah McGrath Goodman in an article for Newsweek. A couple of facts encouraged Leah McGrath to make such a presumption. Nakamoto turned libertarian during the 1990s and Nakamoto seemed to confirm his identity as the bitcoin founder by stating: “I am no longer involved in that and I cannot discuss it. It’s been turned over to other people. They are in charge of it now. I no longer have any connection.” Later on, he denied ever saying any of it.

– Hall Finney, the pre-bitcoin cryptographer, was the first who worked on the improvement of the network after Nakamoto. As Forbes journalist Andy Greenberg stated, he also lived just a few block away from Dorian Nakamoto. Greenberg presumed it is possible that Finney worked on behalf of Nakamoto or just used neighbors identity. Later on, Finney showed Greenberg email list between him and Nakamoto in which he bought first bitcoins.

– Craig Steven Wright was first mentioned by Wired, later on, his home and office being raided by Police in New South Wales, Australia. Craig Wright published on his blog the proof of him being the founder of Bitcoin which was fake, as bitcoin developer Peter Todd first discovered.

To this day it remains unclear who is the real founder of Bitcoin. All the possible people involved through the years were disputed. Maybe in the future, we will know for sure who is the founder of Bitcoin and owner of about 1.5 million bitcoins on the network.


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Posted by Min Park

Blockchain Marketing Specialist / ICON ($42M) / MediBloc ($25M) / BOScoin ($12M) / PAXchain ($60M) / Krown Media / :0

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