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Will we ever know the identity of the creator of Bitcoin?

By Aaronaa | My love - cryptocurrencies | 19 Mar 2023

    Satoshi Nakamoto is the pseudonym of the person or group of people who created the Bitcoin cryptocurrency and developed its original protocol.
The identity of Satoshi Nakamoto is unknown, and the pseudonym was first used in November 2008, when the so-called "Whitepaper" describing Bitcoin.
Since then, Satoshi Nakamoto has remained anonymous, and his identity is the subject of much speculation and theories.


Could this be what Satoshi Nakamoto looked like at the beginning of his work on Bitcoin?

     Satoshi Nakamoto worked on the project alone for the first months of its existence. However, shortly after the publication of the Bitcoin White Paper in 2008, Satoshi began communicating with other developers and crypto experts to further develop the project.

One of the first Bitcoin developers whom Satoshi Nakamoto invited to collaborate on its development was Hal Finney.

Finney was a programmer and cryptographer who received the first Bitcoin transaction from Satoshi Nakamoto himself in 2009. Finney worked on the development of Bitcoin, participated in the design, testing of the Bitcoin software in its early development phase and had direct contact with Satoshi Nakamoto. Finney contributed his computing resources to the Bitcoin project and played an important role in its development.


Hal Finney, pencil drawing, work own

It was speculated that it was Hal Finney who was hiding under the pseudonym Satoshi Nakamoto.
However, Finney never publicly acknowledged being Satoshi Nakamoto, and prior to his death, he implied in several of his statements that Satoshi was someone other than himself.
Hal Finney died in 2014 from a neurodegenerative disease.
He is considered one of the pioneers of cryptocurrency and is respected by the cryptocurrency community for his contributions to the development of Bitcoin.

    One of Satoshi's most important collaborators was Gavin Andresen, an American programmer who in 2010 was appointed by Satoshi as the leader of the Bitcoin project. Gavin worked on the Bitcoin source code and was responsible for coordinating the project.


Gavin Andersen, pencil drawing, work own

Another important contributor was Laszlo Hanyecz, who in May 2010 made the first Bitcoin transaction, buying two pizzas for 10,000 BTC. Laszlo was one of the early Bitcoin enthusiasts and helped develop it by testing various features and pointing out possible problems.


Laszlo Hanyecz, digital art,work own

In addition, many other people appeared in the Bitcoin community who helped in its development by improving the source code, testing various functions, and promoting the idea of cryptocurrencies.

        In 2014, Newsweek published an article whose author, Leah McGrath Goodman, suggested that Dorian Nakamoto was the creator of Bitcoin.
However, in this case, it quickly turned out that he was not the creator of Bitcoin, and the name "Nakamoto" was just a coincidence.
Dorian Nakamoto is a former programmer and electronic engineer who has worked for various tech companies throughout his career. In the 1990s he worked for companies such as Wynd Communications and Hughes Aircraft Company, and later also worked for companies related to the automotive industry.

After an article appeared in Newsweek magazine claiming that Dorian Nakamoto is the actual creator of Bitcoin, he became known around the world. However, Dorian Nakamoto himself vehemently denied these claims and said he had nothing to do with Bitcoin.

Newsweek later published a disclaimer regarding an article about Dorian Nakamoto that suggested he was the creator of Bitcoin. The correction confirmed that Dorian Nakamoto denied being Satoshi Nakamoto and that he had nothing to do with the creation of Bitcoin. In the rebuttal, Newsweek also clarified that a sentence in the article suggesting that Dorian Nakamoto is the creator of Bitcoin was misinterpreted and that the authors of the article did not have enough evidence to support such a thesis.


Dorian Nakamoto, pencil drawing, work own

        After the publication of the article, Dorian Nakamoto received a lot of attention from the media and people interested in Bitcoin. However, he vehemently denied claims to be the creator of Bitcoin and has since maintained that he had nothing to do with the cryptocurrency.

       Another person who publicly claimed to be Satoshi Nakamoto was an Australian entrepreneur named Craig Steven Wright. In 2016, Wright presented evidence to support his claim, but many cryptocurrency and IT experts remain skeptical of his claims.

Craig Wright presented several documents, including a technical description of Bitcoin, as well as codes related to his work on the cryptocurrency. Wright also shared proof that he had access to the private keys signing Satoshi Nakamoto's first Bitcoin transaction.
However, soon after Wright presented this evidence, many people in the cryptocurrency and IT industries questioned its authenticity. For example, some noted that some of Wright's documents were forgeries, and some of the codes he presented were stolen from other sources.


Craig Steven Wright, pencil drawing, work own

Craig Wright's claims are believed to be untrue and intended to gain popularity or cause confusion in the cryptocurrency world.

      Satoshi Nakamoto was very careful.
He took a number of precautions to hide his identity. Therefore, it is difficult to say unequivocally who Satoshi Nakamoto was.

      It is possible that the development of technology in the future will make it possible to determine Satoshi's true identity, but this is not certain at this stage.
There are various techniques that can help to establish Satoshi's identity. One of them is the analysis of the Bitcoin source code, which can point to the individual characteristics of Satoshi's programming.

Another approach is to analyze the Bitcoin blockchain, which can provide information about Satoshi's transaction history.
However, even if some clues to Satoshi's identity can be uncovered, it can still be a daunting task. Satoshi may have been operating under a false identity, and there is often a lot of false leads and misinformation on the internet.

Ultimately, only Satoshi himself or those who have worked with him know his true identity, so unless Satoshi chooses to come forward, it will remain a mystery for now.
It is worth noting that many people try to impersonate Satoshi Nakamoto, and most of them are just scammers or want to somehow use the popularity of Bitcoin for their own purposes.


Pencil drawing, work own




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"All things are difficult before they are easy" - Thomas Fuller ;)

My love - cryptocurrencies
My love - cryptocurrencies

From the first moment I read about Bitcoin (many years have passed since then), I felt that cryptocurrencies would revolutionize the centralized financial system over time and turn the entire FIAT system upside down. On this blog, made for my friends who are just entering the world of cryptocurrencies, I want to share my knowledge and help them get to know this world.

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