Who Is Satoshi Nakamoto?
Key Takeaways
Who is Satoshi Nakamoto? Satoshi Nakamoto is the pseudonym behind the development of Bitcoin and the authorship of the original Bitcoin whitepaper. The question around the famous creator of Bitcoin has led to speculation of their true identity as well as people falsely claiming they are Satoshi Nakamoto.
The creator of Bitcoin has been clouded in mystery for more than a decade. However, despite the intrigue around this mysterious creator, the benefits of blockchain transparency means that it’s clear that Satoshi Nakamoto still owns bitcoins since their public keys were traced from the genesis block, which Satoshi mined.
Introduction
Satoshi Nakamoto is the pseudonymous author that published the Bitcoin whitepaper in 2008. The paper is entitled Bitcoin: a peer-to-peer electronic cash system (available on bitcoin.org). Satoshi Nakamoto didn’t invent blockchain, but they were the first to create a decentralized currency based on blockchain technology.
Bitcoin was officially launched in 2009. But long before that, the mysterious name was already being used in email communications and forum posts.
In 2011, however, all of their communications to the rest of the world dried up, and Satoshi disappeared. Since then, the mystery around the creation of Bitcoin has been one of hot debate and accusations.
But who is Satoshi Nakamoto? Who is this person or group of people that gave us one of the most, if not the most, groundbreaking technologies of the 21st century? Let’s explore that now.
Who Is Satoshi Nakamoto?
Before answering this question, we first have to ask ourselves “is this a single person or a group of people?”. Unfortunately, we have very little evidence to prove they’re either. While the prevailing sentiment is that Satoshi is an individual, some believe Satoshi is a group, like a team of computer scientists, cryptography experts and cypherpunks.
Before Satoshi cut off all communications in April 2011, they claimed to be male, Japanese, and born on April 5, 1975. However, people have observed that Satoshi’s command of English was so high that they’re likely to be from a native-English speaking country. Also, their communications mostly occurred during European working hours, so it’s speculated they didn’t reside in Japan.
With Satoshi Nakamoto no longer on speaking terms with the rest of the world, speculation has run wild regarding their true identity. Plenty of people and groups have been labeled as the true Satoshi Nakamoto, but only a handful of candidates have proven notable.
Hal Finney
Out of all the candidates who could be Satoshi Nakamoto, Hal Finney is one of the most likely. Hal was an early user of Bitcoin and the recipient of the very first Bitcoin transaction. He also worked as a software developer and was one of the original cypherpunks in the 1990s.
Sadly, Hal Finney passed away in 2014 after suffering from a nerve disease that left him paralyzed for some time before his death. He always denied that he was Satoshi Nakamoto.
Nick Szabo
Another highly likely candidate is Nick Szabo, a famous computer scientist who created a digital currency “bit gold” years before Bitcoin. His communications within the cypherpunk community overlapped strongly with Satoshi’s as did his writing mannerisms and communication times.
Nick Szabo has denied that he is Satoshi Nakamoto, but many in the cryptocurrency community aren’t convinced. There are many parallels between Nick and Satoshi, which may or may not be coincidental.
Dorian Nakamoto
Dorian Nakamoto is a Japanese-American man whose birth name is in fact Satoshi Nakamoto. He’s worked as a computer engineer for technology and financial services companies and even lived in the same area in California as Hal Finney for over a decade.
Dorian answered an interview purporting to have been involved in developing Bitcoin, but later retracted his claim stating he misunderstood the question. Since then, he’s denied ever having worked on the project and didn’t even know it existed until the media frenzy around him ensued.
HBO Documentary
In October 2024, Documentary director Cullen Hoback and HBO announced their film, "Money Electric: The Bitcoin Mystery," which hinted at potentially revealing the true identity of Bitcoin creator Satoshi Nakamoto.
In the documentary, Cullen Hoback, known for his HBO miniseries "Q: Into the Storm," where he claims to have identified several authors behind the QAnon conspiracy theory, turns his investigative lens towards the enigmatic figure of Satoshi Nakamoto.
How Much Is Satoshi Nakamoto Worth?
Regardless of who the real Satoshi Nakamoto is, they are certainly very wealthy. Forensic technologists have tracked down where Satoshi has stored their bitcoins, putting their net worth in the spotlight.
Since early 2009, Satoshi Nakamoto has not spent a single satoshi. The estimates of how much BTC Satoshi owns varies, but most people agree it’s around 1 million bitcoins. That would make Satoshi Nakamoto one of the wealthiest billionaires on the planet. As of market prices in October 2024, Satoshi Nakamoto’s Bitcoin would be worth over $61 billion.
Closing Thoughts
There are many claims to who Satoshi Nakamoto truly is. They could be a single person or a group of people. They could be dead or alive. But without solid, concrete evidence, we’ll never truly know who Satoshi Nakamoto is. Furthermore, many members of the Bitcoin and crypto community feel that the identity of Satoshi Nakamoto should remain a mystery forever.
Regardless, the only thing we can be sure about is; Satoshi Nakamoto HODLs a lot of bitcoins.
