Nick Szabo

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Nick Szabo is a computer scientist, cryptographer and legal scholar who played a pivotal role in the development of ideas that are commonly used in the blockchain and cryptocurrency space. Szabo is credited with coining the term ‘smart contracts’ and, in 1998, designed “Bit Gold”, a decentralized digital currency that, although never released, is considered to be the forerunner of Bitcoin.

Szabo’s Bit Gold possesses much of the same design that Bitcoin uses to establish a feasible decentralized network - including the solving of cryptographic puzzles and requiring majority consensus for the “blockchain” to continue. 

In his 1997 paper on smart contracts, titled “The Idea of Smart Contracts”, Szabo argues that the “formalization of our relationships - especially contracts - provides the blueprint for ideal security”. This idea, and the paper in general,  is an important principle guiding the current development of smart contract platforms.

Szabo’s expertise in a variety of disciplines and the similarities between Bitcoin and Bit Gold have led many to speculate that Szabo is Satoshi Nakamoto, though he has repeatedly denied this, “saying that he is used to [being thought of as Satoshi]”. Evidence is circumstantial at best. One of the most pointed reasons is the similarity in writing styles between Nakamoto and Szabo.

Szabo now still holds a lot of influence in the blockchain and cryptocurrency space, with many investors heeding his words on developments in the space.

Nick Szabo: A Living Crypto Legend

5 Sep 2020 5 minute read 7 comments

Nick Szabo is a computer scientist, legal professional and a living legend in both the cryptocurrency and cryptography worlds for several reasons. While he has other significant accomplishments, he is most popularly known for his creation of smart co...

Who is the REAL Satoshi? TOP 6 Candidates

1 Jun 2020 18 minute read 26 comments Ravir3z

Who is the REAL Satoshi? This is a question that pretty much keeps me up some nights. Every time I see Satoshi being mentioned in news articles I instantly go down the rabbit hole to see if there is any more information that might help me come to my...

Early e-currencies That Lay the Foundation for the Development of Bitcoin

18 May 2020 2 minute read 21 comments B18

This essay gives a brief summary of the main early e-currencies that were developed prior to Bitcoin. And the also the people involved, the developers who went on to work on other projects, became notorious or Satoshi contenders/pretenders....... Quo...

Is This a Satoshi Nakamoto Post From 1999?

22 Apr 2020 1 minute read 9 comments Abhimanyu Krishnan

Several reports are emerging about a particular post in a Cypherpunks’ mailing list from 1999 - which some seem to think could have been written by Satoshi Nakamoto.  The post saw members discuss the concept of “e-cash.” Specifically, one anonymous m...

Who is Satoshi Nakamoto, the mysterious inventor of Bitcoin

20 Jun 2019 6 minute read 0 comments Roberto D.

Bitcoin is certainly the most famous cryptocurrency in the world, and currently represents more than 50% of the market. Despite the strong position, little is known of its creator, a mysterious programmer identified as Satoshi Nakamoto. In the course...