Satoshi Nakamoto: Who is He?

Who is the creator of the painting of ‘The Starry Nights’? Vincent Van Gogh. Who invented the electric bulb? Thomas Edison. Who was the one to invent the telegraph? Samuel Morse. Who is attributed to the invention of the automobile? Karl Benz. Inventing something like virtual currencies tokens for the world is a big contribution of the inventor’s knowledge. All the inventors use their knowledge of their whole life to invent something. Taking credit for the invention or creation is a matter of respect and honor and the world remembers them for a lifetime. 

Have you heard of the term cryptocurrency? If yes, you might be aware of the largest cryptocurrency in the world bitcoin. Do you know the inventor of bitcoin is unknown? Yes, you read it. The real identity of Bitcoin's inventor is unknown. Does nobody know who he is? 

In 2009, bitcoin was brought in front of the world by the pseudonymous personality named Satoshi Nakamoto. But, even today, after 13 years, Satoshi Nakamoto’s real identity is not revealed. The name of Satoshi Nakamoto is on the white paper, emails, and forums of Bitcoin. Isn't it very strange that the real identity of the creator of the world's largest cryptocurrency is still unrevealed? 

Satoshi Nakamoto, who is thought to be the creator of bitcoin, minded the first bitcoin. He was the one who published the white paper on the currency. But, the media of the whole world has been dying to find the real identity of Satoshi Nakamoto, the creator of Bitcoin. 

•  Elon Musk’s conspiracy theory about Satoshi Nakamoto

There are thousands of conspiracy theories based on Satoshi Nakamoto. Recently, the richest man in the world, Elon Musk, considered Nick Szabothe creator of Bitcoin. So the question arises who Szabois? Szabois the pioneer of the concept of cryptocurrency projects. Such a project is the Bit Gold project held in 1998. The project was about to create an alternative decentralized currency. Szabo’sprinciples and techniques have similarities with Bitcoin development. The Proof of work, consensus mechanism, using mini blocks, and usage of blockchain as a public ledger are all the principles of the Bitgold project of 1998 by Szabo. Szabois also responsible for developing smart contracts. He is the core member in creating the blockchain of the second largest digital currency, Ethereum. Even after Elon Musk's comment, Szabo has declined the claim of himself being Satoshi Nakamoto.

•  Dorian Nakamoto 

One of the news publications based in Newyork claimed the Japanese-American man named Dorian Nakamoto to be the inventor of the world's largest digital currency, Bitcoin. But, during the interview, Dorian Nakamoto misunderstood the question regarding cryptocurrency. As a result, all the hopes of finding Satoshi Nakamoto were crestfallen. The statement given by Dorian Nakamoto to the press was about clearing his name from the rumors of him being Satoshi Nakamoto. 

•  NSA, the sole pseudonym creator of Bitcoin

Thousands of conspiracy theories are going on all across the globe regarding Bitcoin’s creator Satoshi Nakamoto. One of the conspiracy theories regarding the identity of Satoshi Nakamoto is about the NSA, National Security of America. This theory claims that NSA somehow has access to the biggest crypto algorithm, the SHA-256 algorithm. This claim is considered to be the counterclaim of Bitcoin being secure and does not reveal the identity of the owner. So, the pseudonymous identity of Satoshi Nakamoto is created by the National Security of America, NSA. But, if that's the case, then Bitcoin is not decentralized in nature, which means the claim of being uninfluenced or having no interference by third parties is also wrong. 

China? The creator of bitcoin

China is the one leading the mining industry of Bitcoin and other digital currencies. This is one of the theories that China is the one who created Bitcoin, the largest cryptocurrency. There are thousands of rumors across the globe about China's desire to replace the US dollars and establish itself as a global reserve. However, in 2021 China banned bitcoin mining.

The Bottom Line

These were the series of conspiracy theories about the identity of Satoshi Nakamoto, the inventor of the world's largest cryptocurrency, Bitcoin. The real identity of Satoshi Nakamoto has not been revealed even after the ten years of Bitcoin and the major success achieved by Bitcoin. To know more about Bitcoins, you can check out bitcoinxapp.com.