Bitcoin was revealed in 2009, causing excitement in the world of currencies. Before the release of bitcoin, only fiat currencies were available. It was hard to imagine that someone could come up with cryptocurrencies, that would entirely be decentralized.
But, who stands behind the creation of bitcoin, is still a mystery. Who came up with the idea? Was it created only by one person or a group of people? These are some of the questions that have found no exact answer since the creation of bitcoin.
Who is Satoshi Nakamoto?
Satoshi Nakamoto is the creator of bitcoin. It is believed that this is a pseudonym, and no one has been able to conclusively relate to an actual person or group of people to this day.
Nakamoto disappeared from the internet in 2011, leaving a few hints as to who they might be. Over the years, many people have publicly declared to be Satoshi, all failing to support the statement with accurate facts.
Hal Finney, who is the earliest cryptocurrency enthusiast in a blog post from 2013, explains many things about Satoshi Nakamoto. Finney discovered Nakamoto’s proposal for bitcoin through a cryptocurrency mailing list. Being a console game developer and a crypto enthusiast, Finney says he was fascinated by the idea of decentralized online currency.
Actually, when Nakamoto released the software, Finney offered to mine the first 10 original bitcoins from block 70. On his blog, Finney describes Nakamoto as a nice guy saying: “I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere.”
Many have claimed that Finney was the creator of bitcoin, but he has denied it.
Conclusion
Satoshi Nakamoto remains the creator of bitcoin, whether it is a group of people or one person. Until someone comes with fact-based claims, Nakamoto is the official creator. Furthermore, the creation of bitcoin has been a tremendous innovative move, as many people have made fortunes trading bitcoin. Trading can also be done with automated trading bots such as Bitcoin Pro.
Good article Ben! You might be interested to know that I’ve presented in Manchester a couple of times about the identity of Satoshi Nakamoto. Recordings of my presentation are accessible via my website.