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Everyone's heard of Satoshi Nakamoto.
Holder of $70 billion worth of bitcoins.
But why hasn't Nakamoto been revealed yet?
Here's the investigation behind this enigma
🧵👇
October 31 / 2008 A white paper was published in an online cryptography mailing list describing a digital cryptocurrency. This nine-page research was titled "#Bitcoin: A Peer-to-Peer Electronic Cash System".
Jan 3 / 2009
The Bitcoin network was created by mining the starting block of the chain, known as the "Genesis Block".
It contained the first 50 $BTC and a message in the code:
"The Times 03 / Jan / 2009 Chancellor on brink of second bailout for banks."
During these 64 days, a new story relating to the concept of an entirely new type of money was started.
However, if there're not for Sat... We would never have heard about the crypto world.
So, who is behind it?
One thing we know, based on interviews, is that he thought the system out very thoroughly.
"His coding wasn’t conventional" Jeff Garzik, a core developer, wrote.
He didn’t apply the same rigorous testing that you would expect from a classic software engineer.
Attempt to reveal
There have been several people attributed with being or claiming to be Nakamoto.
But none of the claims or proposals have proven to be true.
Dorian Nakamoto, Hal Finney, Nick Szabo, Craig Wright, David Kleiman, etc.
Net Worth
An analysis by Sergio Lerner, an authority on Bitcoin and cryptography, suggests:
— Nakamoto mined many of the early blocks of Bitcoin
— He'd built up a fortune of around 1M unspent $BTC
That hoard would be worth more than $70 billion U.S. dollars as of March 08, 2024.
"If he'd be revealed, $BTC $BTC die"
Some argue that Bitcoin'd not be able to function as efficiently if the identity of Satoshi was revealed.
The arguments for this position would include:
— Decentralization / Focus on Technology
— Trustless System / Fostering Community
#btc70k #writetoearn

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