The Search For The True Satoshi Nakamoto

True Satoshi Nakamoto
Source: Bitcoinist

The mystery shrouding Satoshi Nakamoto’s identity is identical to a classic thriller. A genius revolutionalizes a technology that is life changing, has a band of followers and strikes gold in the process, without revealing his identity.

An independent, decentralised virtual currency, almost fool proof to fraud or theft and having no transaction fees, it is a tool to access world knowledge using the internet, which by itself is a threat to the whole concept of mystery. The primary goal behind the making of Bitcoin is to envision a decentralized way to exchange tokens of currency online. To ensure the validity of transactions, the concept of mining is incorporated. The acceptance of Bitcoin is limited, and is not valid at brick-and-mortar stores, although it might change eventually.

He then released the initial version of the Bitcoin software client in 2009, and collaborated with others on the project via mailing lists, until he finally withdrew from the community toward the very end of 2010. Nakamoto worked with people on the open-source team but was very cautious to conceal any personal information.

When bitcoin.org was registered on August 18th, 2008, the registrant coined a Japanese name anonymously and hosted it using a Japanese ISP. The registration for the site was only converted to Finland on May 18th, 2011, which somewhat undermines the Finland theory.

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