To date, very little has been discovered about Satoshi Nakamoto’s famous or rather infamous personality. Some or all of the cryptographic developers responsible for creating the infrastructure for the Bitcoin blockchain infrastructure and for the initial creation and transaction of the revolutionary digital currency are still well hidden behind this seemingly Japanese pseudonym.
Over the years, all sorts of publications and large corporations, as well as the official authoritative bodies of many governments, have joined in exploring the face behind the name. In this regard, long hours have been devoted to identifying the many aspects that may provide some insight into the matter, some of which are illustrated in more detail below.
KI SATOSHI NAKAMOTO?
There has been much speculation and heated debate about the true identity of the inventor of Bitcoin, known exclusively by the pseudonym Satoshi Nakamoto. Based on factual records, this person is a self-appointed developer of the Bitcoin cryptocurrency. He, or better yet, was first introduced to the masses in late 2008, when the actual system and its basic operating mechanisms were made public through the postal service.
The creator of Bitcoin, whoever it is, has undertaken to bear the responsibility of the son for foreign exchange and existing financial institutions. This inevitably turned many of the organizations mentioned above against them, slowing down the initial progress of the most unique digital invention to date.
No matter how persistently they remain hidden from the public, this person or team is an icon in today’s modern world. Despite all efforts, a number of assumptions and tests are underway, accompanied by regular Satoshi Nakamoto net worth estimates and calculations.
This person is said to be the sole owner of the largest collection of cryptocurrencies of the currency, which can be found in several e-wallets. With such assets, careful monitoring of value – and more importantly – signs of relocation are essential for reliable forecasts of market shifts and exchange rates. After all, these are the key parameters that determine successful Bitcoin trading, investment businesses and payments.
In chronological order, Satoshi Nakamoto’s life and work did not occur until years after the first emergence of the concept of cryptocurrency. Since the early 1980s, attempts have been made to introduce a new kind of means of payment, which has ultimately led to a decentralist movement seeking to take over and distribute the power of larger conglomerates among “small people”.
A decade before the official release of Bitcoin, there was a similar endeavor called Bit Gold, invented by Nick Szabo. This is often the most likely inspiration for the founder of Bitcoin to take an interest in the matter. Fortunately, there was no overlap between the cryptocurrency proposed at the turn of the century and today’s leading peer-to-peer blockchain platform that supports both Bitcoin and commodity and currency.
A Nakamoto-ra összpontosítva fontos kiemelni, hogy a Bitcoin papír 2008-as kiadása előtt egyetlen számítógép-fejlesztőt sem regisztráltak, sem nem ismertek néven. Figyelembe véve ennek a személynek a hatalmas lehetőségeit, meglehetősen gyanús, hogy egy ilyen tehetségnek hogyan sikerült rejtve maradnia egészen addig a meghatározott pillanatig.
Csak akkor, amikor a „Bitcoin: Peer-to-Peer elektronikus készpénzrendszer” esszét elküldték egy megalapozott és elismert digitális fejlesztők csoportjának egy kriptográf levelezőlistán keresztül, akkor kezdte el a szemöldökét emelni a név. Apropó, a személy eltűnése nem sokkal később csak tovább gyújtotta mindenki érdeklődését az ügy látszólagos különcsége iránt.
This short 500-word essay was Satoshi’s first attempt to communicate with other reputable developers and continued in the same anonymous way for the next two years. By January 2009, Nakamoto had decided to go beyond the Bitcoin data sheet in the cases and had indeed issued the coding for this Bitcoin electronic cash payment system. As an open source facility, the founder expected colleagues from the same profession to contribute to the system with their own solutions and developments, and ultimately to fully achieve the goal of decentralization.
The name Satoshi Nakamoto frequently visited this field for the next two years as the person continued to work on the Bitcoin system. Nakamoto mined the first block, the Genesis block, and was ever the first to make a transaction with the initial cryptocurrency produced by the mining process, Bitcoin. After all, there is hardly anyone better than the person who invented Bitcoin in the first place to bring it to market.
Satoshi continued to work on the system until the end of 2010, when another, untraceable email was sent from this individual or group of people stating that he had retired. Gavin Andersen and other original Bitcoin miners remained in the maintenance and repair of system bugs, while Nakamoto watched their “offspring” flourish from a distance.
DEVELOPMENT OF BITCOIN
While Bitcoin may seem like a helpless, abandoned orphan left alone, his contemporary success proves the opposite. Satoshi Nakamoto is convinced of the sustainability of the invention, although it is up to its unique properties that this cryptocurrency has managed to arouse global interest.
The first exchange platform for acquiring cryptocurrency soon appeared, and not long after the first transaction took place in London. A single Bitcoin owner paid thousands for Bitcoin for a couple of pizzas, which today are called one of the worst commercial deals in history. Considering that since the publication of the Satoshi Nakamoto White Paper, the maximum value of Bitcoin has reached an astonishing $ 20,000 per coin, anything but financial hardship can be underestimated.
A kriptopénz múltjának kevésbé izzó eredményeiről szólva a Selyemút-botránnyal való kapcsolata az egyik legrosszabb időszak volt. A Selyemút egy sötét webes kereskedelmi platform volt, amely mindenféle tiltott anyagot, fegyvert és hasonló anyagokat értékesített. Másrészt a Satoshi Nakamoto által létrehozott kriptovaluta decentralizált fizetési rendszer volt a célja, amely eltávolít minden központi hatóságot, és teljesen biztonságos, akadálytalan, ugyanakkor biztonságos és teljesen névtelen tranzakciókat tesz lehetővé. Mint ilyen, a feketepiaci kereskedőknek biztosította a végső fizetési módot.
Nevertheless, the authorities have managed to prevent further abuses, allowing the actual trading platform to grow and restoring everyone’s good faith in an impeccable payment system. In addition, its use for salaries, deposits and withdrawals has opened up many opportunities for the then-growing e-commerce industry. Investment opportunities also evolved, and Bitcoin soon looked toward a brighter future. With several new uses of the cryptocurrency formed from reinforced foundations, one issue has been constantly pondering in people’s minds:
How many bitcoins does Satoshi Nakamoto have?
As the value of Bitcoin began to rise, and even after it descended from its peak in the summer of 2017, acquiring Bitcoin remained a priority. People around the world were looking for reliable vendors, exchange platforms, online service providers, or job opportunities that paid for in Bitcoin, not to mention investment groups. Nowadays, people invest directly in cryptocurrency or in a mining basin that produces new bitcoins.
In this regard, no one can help but think about the wealth of its creator. Although there is no confirmation, it is estimated that Satoshi Nakamoto has just under one million BTCs, or about 5% of its finite supply, and their assets fluctuate in the range of billions of dollars.
Who is Satoshi Nakamoto? A recurring aspect from the beginning of the article is that there is no clear definition of the person or persons behind a well-known pseudonym. Fans of the cryptocurrency are not even aware of the proper pronoun, as there are no indications that it is a man or a woman or one or more people.
Nevertheless, given the immediate nature and widespread popularity of the issue, interest in the issue has only grown at the moment. And civilization will no doubt continue to speculate wildly about the true Satoshi Nakamoto identity.
Many speculators base this conjecture on the fact that Szabo tried to create the digital cryptocurrency of Bit Gold about a decade before Bitcoin was even released. Because of the similarities in the name, the format and transaction principles of the currency – decentralized and completely anonymous – many supported the idea of Nick Szabo standing behind the pseudonym. While this would be a rather prestigious accusation in the field of cryptography development, legal, real-life organizations take a different view. Shortly after the first charges, Nick denied having anything to do with the name.
Dorian Prentice Satoshi Nakamoto
A valószínűtlennek tűnő fordulat számos embert elhitette azzal, hogy Dorian Prentice Satoshi Nakamoto volt a Bitcoin kriptovaluta híres feltalálója. Valójában ez az ázsiai eredetű név valójában egy Kaliforniában élő édesanyjával rendelkező japán férfihoz tartozik, akinek tanulmányi területe főleg a fizikát veszi körül. Míg a személy születési neve közvetlenül Nakamoto-ra mutatott, nem volt további bizonyíték arra, hogy a Bitcoin készpénzrendszerét gyártotta volna.
As for on-demand support, when we look at who invented Bitcoin, Hal Finney definitely holds the proportion of most speculators. Nakamoto was the second person Finney himself to ever have access to the blockchain, mining, acquiring and transacting with Bitcoin, as well as fixing bugs, proposing changes and applying his own improvements to the system.
Hal’s (presumably arranged) correspondence with the actual Nakamoto and his proximity to the abode of Dorian Nakamoto mentioned above all support this particular theory. However, Finney died in 2014, and if any of these were true, so did the single and sole creator of Bitcoin cryptocurrency.
While Finney was considered the most likely, Wright is arguably the most controversial of all Satoshi Nakamoto candidates. He was given the responsibility of having developed the particular cash system somewhere towards the end of 2015 to come up with a renewed online presence in 2016 to announce the truth behind such speculation. However, when the initial key Bitcoin miners, who had been involved and improved the system since the earliest days, asked for evidence, Craig Wright’s claim fell short of any substantial evidence.
When there were no people on the European continent, in the United States, and finally in Australia like they needed to be the Satoshi Nakamoto sought by everyone, those interested had to look elsewhere. In order to find more accurate results, stakeholders analyzed the speech segments of the Bitcoin whitepaper publication and found a perfect use of the English language, with some slight indicators towards the British version.
This changed the direction of people’s thoughts as they began to focus on the citizens of the commonwealth rather than the Asian cryptographer. Incidentally, this approach has so far proved equally futile.
It is assumed that the people listed so far are not only related to the identity of Satoshi Nakamoto. Considering that there is no exact answer to “How much is Satoshi Nakamoto worth?” When asked, people practically volunteered. Several companies were suspected, as well as Tesla founder Elon Musk. Some even go back to the 20th century, as the 1998 inventor of the Liberty Dollars, Bernard von NotHaus, was also seen as a potential candidate.
Either way, although speculation abounds and is intertwined, proving true identity is contrastingly simple. All you have to do is prove you are the real Nakamoto by giving the key to your earliest wallet or simply moving Bitcoin to another destination.
THE UNDERLYING REASON
Many believe that the huge reputation and wide exposure of the Satoshi Nakamoto image scares the real man. However, analysts who delved deeper into the core of Bitcoin have discovered that the developer of such an electronic cash system must have serious consequences for his actions. This is so despite the fact that its current legal status is in several legal systems and its widespread application on all kinds of platforms.
Moreover, making the truth available to everyone will inevitably suffer all sorts of hacking attacks from such malicious owners of Bitcoin. There are such groups all over the world and they are developing all kinds of anti-encryption technology to break down the platform, or at least subjugate it.
Finally, the reason for such zealous anonymity lies in the ongoing efforts to stabilize the currency to protect the true Bitcoin creator. Over the years, the turbulence has definitely increased, which has caused reluctance among Bitcoin owners. If one of Bitcoin’s largest owners were to be revealed, or even compelled to launch Bitcoin, a significant change in value could lead to the collapse of several platforms, businesses and entire economic segments worldwide. Imagine the chaos it would cause to any online academy, agency, Bitcoin casino, and other businesses that use Bitcoin.
WHO OWNS BITCOIN?
So much talk about the richest Bitcoin owners has inevitably made people think of other Bitcoin whales – the owners are worth getting to know. Like everything else surrounding the cryptocurrency, the top big owners are just as complex.
The best way to describe whales is to divide them into four groups. The former group is made up of active traders, miners and owners who want to create new investments, trade and profitable opportunities through the currency. The other three, which make up the passive segment, consist of initial traders and miners who may have died or lost their keys, a group of passive Bitcoin owners who do not have access to their cryptographic bases, and ultimately a small group of criminal owners.
Overall, it cannot be said that Satoshi Nakamoto is not part of these groups or represents an independent entity. Because we know so little about the person and everything else has been openly revealed about the currency, fans are no less willing to continue digging to find an answer to the question of the alternative identity of Satoshi Nakamoto, the true developer of Bitcoin.