Bitcoin has been around for over a decade. The concept of a “peer-to-peer electronic cash system” has captivated people worldwide for more than 11 years with the number one of all cryptocurrencies. However, one critical question has remained unanswered for over 4,000 days: Who is Satoshi Nakamoto, the man behind the moniker? A single programmer or a group of programmers? Who was the founder of?
From Hal Finney to Michael Clear and Nick Szabo to Craig Wright and Elon Musk, the list of people suspected of being Satoshi Nakamoto is long. According to some hypotheses, Satoshi Nakamoto was produced by the CIA.
As you can see, there’s a lot to discuss, and we’re going to go on a joint quest for Satoshi Nakamoto, the Bitcoin creator.
Satoshi Nakamoto and Bitcoin: How it all began
In 2008, Satoshi released a paper with the (now legendary) title “Bitcoin: A Peer-to-Peer Electronic Cash System” in response to the financial crisis. The Bitcoin program went live a few months later, in the following year, 2009, and the Genesis Block was mined, marking the beginning of the Bitcoin culture.
Nakamoto was involved in the group until 2010, when Gavin Andresen, a programmer from the United States, took over. Satoshi announced his departure from the group the following year, stating that he was moving on to other endeavors.
I’ve gone on to something else. It’s in good hands with Gavin and the rest of the team.
Even though we know very little about Satoshi, other than the fact that he appears to have been born in Japan, the media has tried to link him to a specific individual or community in recent years. Let’s start with a timeline, or more precisely, a quest for Satoshi.
Who is Satoshi Nakamoto? – The first hunt in 2011
With public coverage, the first journalists asked themselves, “Who is Satoshi Nakamoto?” as early as 2011. Michael Clear, Hal Finney, and Dave Kleinman were the first three names during the process. Let’s start at the beginning and tell the story through Joshua Davis’s eyes, a reporter for The New Yorker.
In 2011, Joshua Davis of the news magazine The New Yorker dedicated himself to who was behind the iconic alias, Satoshi Nakamoto. He took his job very seriously and went to great lengths to study Nakamoto’s online writings, which totaled over 80,000 words.
He did so to look for possible features, such as linguistic oddities, that could lead to assumptions regarding Nakamoto’s roots.
Michael Clear under suspicion: British English as evidence?
The use of British English by Satoshi Nakamoto and references to British newspaper posts is one of Davis’s distinguishing characteristics. The most well-known example is possibly this quote:
“The Times 03/Jan/2009: Chancellor on the brink of second bailout for banks.“
Nakamoto thus gave (and continues to provide) free rein to speculation. We know that the headline of the British daily newspaper “The Times” on January 3, 2009, read, “Chancellor on the verge of the second bailout for banks.”
But let’s return to the original question: who is Satoshi Nakamoto? Joshua Davis learned about cryptography student Michael Clear while studying at the Crypto 2011 conference in Santa Barbara, California. Clear, who was a student at Trinity College in Dublin at the time, attracted Davis’ attention as a potential Satoshi Nakamoto for three reasons:
- In 2008, Michael Clear was regarded as Trinity College’s top computer scientist. He began working at Allied Irish Banks a year later, where he focused on currency trading tools.
- Second, Clear contributed to academic papers on data transfer through peer-to-peer technology.
- Third, Davis found linguistic parallels between Clear’s writings and the texts he had previously read.
When asked if he was Satoshi Nakamoto, Clear stated categorically that he was not. He said that even if he were Nakamoto, he would never admit it because Satoshi’s identity had no bearing on Bitcoin’s life.
Hal Finney and Dave Kleinman have been Bitcoin backers since the beginning. There were two other candidates in the same year and Michael Clear: David (Dave) Kleinman and Hal Finney. Dave Kleinman may be familiar to some of the other readers from recent headlines.
Kleinman, sadly, passed away in the meantime. However, there is still a feud between the survivors and Craig Wright over his legacy. This is now available in a condensed form:
As a result, Kleinman and Wright have been actively involved with Bitcoin since its inception. Kleinman and Wright started mining Bitcoin tirelessly when it was still possible to do so with a standard machine. They accumulated a large amount of money in the process, which is the subject of the current dispute.
Now it’s time to talk about Hal Finney. Finney’s name has come up due to the fact that he is a de facto co-developer of the Bitcoin app. Finney is also the first person to receive a Bitcoin transaction.
Even if Finney isn’t Satoshi Nakamoto, we can presume he knew him or had a close friendship with him.
2013: Is Nick Szabo the real Satoshi Nakamoto?
We now know that Hal Finney was the first person to receive a Bitcoin transaction. As a result, it’s entirely possible that he got this BTC from a friend or family member.
When we look at Hal Finney’s friend’s list more closely, one name stands out: Nick Szabo. We’ll go over why Szabo is one of the most famous candidates for answering the question “Who is Satoshi Nakamoto?”
There was a concept similar to Bitcoin before it even existed or was voiced in Satoshi’s whitepaper: Bit Gold. Many of the characteristics that Bitcoin has today were first established in conjunction with Bit Gold. Nick Szabo, the creator of Bit Gold, is the man behind it.
On August 15, 1993, Szabo posted his idea and thoughts on this form of digital money in a Cypherpunk forum. And now you can guess who said something good about the idea three times on the same day? — It was Hal Finney, that’s for sure. According to the latter,
“I have an even more urgent focus on Nick’s digital money proposal. We need an implementation of digital money urgently.”
This circumstantial evidence has already gained a lot of momentum. Add in soft factors like the fact that you usually give your name in the order of first name, last name, and get the initials SN for your first name (Szabo, Nick). And, as luck would have it, Satoshi Nakamoto’s initials are the same.
Like the New York Times, many media portals and newspapers refer to Nick Szabo as Satoshi Nakamoto for these purposes. Szabo, on the other hand, appears to deny this.
Who is Satoshi Nakamoto? – The Craig Wright Story
The Craig Wright Story started three years ago, and it is probably the most well-known and longest-running story in the world. While all of the names and individuals listed above did not want to be associated with Satoshi Nakamoto, Wright was (and still is) the only one who claimed to be Satoshi Nakamoto outright.
That fact alone should cause everyone to think. After all, given how Bitcoin was built, it’s difficult to believe it was created by a narcissist seeking publicity.
It all began in 2015 when the online magazine Wire discovered leaks and turned them into a story in an essay. Craig Wright was Satoshi Nakamoto.
From today’s viewpoint, it’s interesting that Wright, who likes, wants, and loves the publicity that comes with his person, initially denied being Satoshi. However, he later came forward to Wired and admitted that all had been right.
Wright and the self-promotion for his coin
However, Wired dug deeper and discovered that some of Wright’s proof was false and that the whole thing was a huge lie.
Mr. Wright manages to draw attention by pretending to be Satoshi Nakamoto despite most of his statements being debunked as hoaxes.
Craig Wright, in short, owes us solid evidence to this day. The common consensus is that Wright is not Satoshi and uses the media to spread his true Bitcoin philosophy.
2018: Elon Musk as Satoshi Nakamoto?
Two years ago, HackerNoon.com’s Sahil Gupta published a (more or less) serious Medium.com article suggesting hypotheses as to why Elon Musk is Satoshi Nakamoto.
He used Musk’s unbridled creative spirit, his C++ programming abilities, and other points as the foundation for his case, among other items. Musk, of course, refuted this, despite his support for cryptocurrencies as a revolutionary solution in theory. As a result, Musk has previously confirmed that he is a huge fan of Dogecoin.
2020 and the open question: Who is Satoshi Nakamoto?
The new decade has officially begun. Although the world is still recovering from the Coronavirus’s impact, the mystery surrounding Satoshi Nakamoto’s true identity remains unresolved. The mystery surrounding Satoshi is now 12 years old, and it will undoubtedly continue to occupy the crypto universe for months, years, and possibly decades.
On the other hand, I wonder if knowing who invented Bitcoin is necessary since Satoshi has shown with Bitcoin that a decentralized system that relies on cryptography to establish trust and does not need a central authority does not require a deity.
It works because we, the society, believe in it, and each person contributes to its success. Stack Sats in this way!
I’d like to conclude this article with a brief epilogue. It’s influenced by ‘Aluhut’ and conspiracy theories. We commit ourselves to a thesis that is “a little different.” Specifically, we wonder if Satoshi Nakamoto, the creator of Bitcoin, is a CIA development.
Epilog: Satoshi Nakamoto as an invention of the CIA
The Washington Post released documents regarding the Swiss Crypto AG’s intelligence operations, the German Federal Intelligence Service, and the American CIA in February of this year. The ‘top-secret’ study detailed decades of espionage and eavesdropping on over 120 countries around the world. The study claimed confidently, “It was the intelligence coup of the twentieth century.”
It all began with a seemingly innocuous business named Swiss Crypto AG. In reality, after WWII, this company manufactured encryption devices for governments all over the world.
Governments use the devices to ensure ‘supposed safe’ contact in military areas or between diplomats. Iran, India, Pakistan, the Vatican, and other Latin American countries are among the company’s customers.
Now we get to the topic’s political sensitivity: the CIA’s unofficial regulation of crypto AG. In other words, the Swiss Crypto AG was owned by the CIA. It was the owner who kept his identity hidden.
The CIA took advantage of this “home advantage” to create hidden backdoors into Crypto AG’s encryption mechanisms and computers. The Americans could eavesdrop on the entire correspondence of the affected countries for decades using these backdoors.
Satoshi Nakamoto = construct of the American secret service.
Let’s start with the most nebulous and theoretical hypothesis: What if Bitcoin creator Satoshi Nakamoto is only a CIA ruse? — To do so, we must remember that since the mid-1970s, 120 countries have unwittingly and indefinitely provided the most sensitive and valuable information to Americans.
In the aftermath of Edward Snowden’s NSA revelations, it became apparent that the United States isn’t exactly opposed to siphoning off private data. Their strength is their ability to operate in the dark and hide their software.
Bitcoin, on the other hand, has been around since 2009. A cryptocurrency of nearly $200 billion in market capitalization. Every day, the network moves millions to billions of dollars and is used all over the world.
We use a currency and an underlying technology here without understanding who is behind the idea. On October 31, 2008, Satoshi Nakamoto released the Bitcoin whitepaper. So who exactly is Satoshi Nakamoto?
This query remains unanswered since it will almost definitely not be Craig Wright. One might argue that Bitcoin’s “beauty” derives from people’s confidence in the technology and algorithms.
Secure Hash Algorithm (SHA) from NIST
In the first place, this statement is also true. However, one argument can be contested: For two critical network functions, Bitcoin employs the Safe Hash Algorithm 256, also known as SHA-256.
SHA-256, in turn, is a member of the SHA-2 hash function family. The National Institute of Standards and Technology (NIST) created this family as a standard in partnership with the National Security Agency, or NSA.
As a result of recent publications, each person must now determine how practical an SHA-256 “backdoor” is to him. The hash function is used to generate public and private keys, and the proof-of-work mining algorithm uses a hash function.
Bitcoin & Satoshi = Central Intelligence?
There’s another element to the relationship between SHA-256 and potential backdoors that hasn’t been mentioned yet. Have you ever considered whether Satoshi Nakamoto has any significance? — Is there some way to translate the name?
Yes, that is right. There are a few different translations available. If you lay the cards according to your desires to find a connection between the CIA and Satoshi Nakamoto, you will find the following:
Satoshi Nakamoto – The Japanese meaning of the given name
Satoshi has a lot of different connotations. Satoshi can mean “enlightened,” “wise,” or even “intelligent,” among other things. Last but not least, Nakamoto can be translated as “center,” “foundation,” “root,” or “central.” Satoshi Nakamoto would then be known as “Central Intelligence.”
We’ve reached the end of the epilogue. We’ve exhausted all of the potential hypotheses about the Bitcoin creator’s identity.