Bitcoin was formulated as a public scheme. It was designed as open-source software and issued to the people in 2009. Bitcoin was invented with freedom of thought and openness. However, amidst all the openness, there’s one big question that remains unanswered. That would be “who was the founder of Bitcoin and who is Satoshi Nakamoto?”
Satoshi Nakamoto — the master of Bitcoin
On January 3, 2009, Satoshi Nakamoto launched the Bitcoin system by mining the first section of the ledger. Inside the first section, he planted the text: “The Times 03/Jan/2009 Chancellor on brink of the second bailout for banks.” This was an indication of the difficulties faced by the global economic and business world at the time.
After a couple of years of association with the Bitcoin world, Nakamoto transferred the controls to Gavin Andresen and arrested his relationship with the Bitcoin plan in December 2010. After that, in 2011, Nakamoto came back to transmit a closing message. He declared in a post that he had “jumped on to other things,” and that Bitcoin was “in stable hands with Gavin and his entire team.” These were the last words the world heard of the mysterious master of Bitcoin.
Popular theories surrounding Satoshi Nakamoto
No one knows who Satoshi is, but there are several different theories that surround the identity of Satoshi Nakamoto. These include:
- Satoshi is the collective representation of NSA
The co-founder of one of Russia’s top security company — Kaspersky Lab, challenges that Bitcoin is a discovery of the US intelligence agencies. She firmly believes that Bitcoin is a scheme of American intelligence agencies. Which was created to produce immediate funding for US, British and Canadian intelligence projects in various countries. However, there’s limited proof to support this claim.
2. Satoshi is Hal Finney
Andy Greenberg from Forbes proposed that cryptocurrency expert Hal Finney was related to Satoshi Nakamoto. Finney was involved in the Bitcoin game since inception and welcomed the opening test transaction on Jan 12, 2009.
3. Satoshi is Dorian Prentice Satoshi Nakamoto
Several reporters have claimed to have recognized Satoshi Nakamoto. In 2014, Newsweek wrote a section about Dorian Prentice Satoshi Nakamoto, a 64-year old man from Temple City, CA, who was an engineer and developer in his younger days. Particularly, they inferred that the language style of Satoshi’s first paper is surprisingly fluent for a Japanese person and that it’s consequently highly likely that Satoshi Nakamoto is a US citizen.
Why didn’t Satoshi Nakamoto convert his Bitcoin jackpot into cash?
Many assume that this has to do with his wish to stay hidden.
Even if he converts even a tiny part of his Bitcoin luck to cash, this might endanger his privacy, and the result of that could be destructive. Also, media will be after his life, and his billion-dollar bank account would make him a top suspect for criminal organizations across the globe.
In conclusion, no matter what people speculate, the fact is that the Master of Bitcoin remains unknown to this day. Do you think we will ever find out who he is?