The Mystery of Satoshi Nakamoto identity

Prometheus stole the fire from the gods and gave it to the people, but for this he was punished by Zeus in a terrible way: he was chained by a rock, and an eagle devoured his liver daily (which at night regenerated, perpetuating in this kind of titan torment). Satoshi Nakamoto gave people digital money and was smart enough to disappear and not expect a similar fate.

Contents hide

1 One success is followed by several failures

2 The mystery of Satoshi Nakamoto’s identity

2.1 Related posts:

Digital cash is not new. David Lee Chaum is unanimously recognized as not only the inventor of digital cash, but also the first person in the world to propose the creation of a blockchain protocol. In his dissertation paper (1982) Chaum proposed (with the exception of the code for implementation of the protocol) – with the exception of one element – all the elements that Satoshi would propose in the Bitcoin Whitepaper two and a half decades later.

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One success is followed by several failures

Until Bitcoin there have been 4-5 attempts to create digital cash, all with a certain level of centralization (whether that involved a central server, an organization, a company, etc.) and all failing for various reasons. The fundamental problem – in addition to double spending – was: how do you make sure the network remains reliable, without having an intermediary to verify everything? How do you put your trust not in a central authority, but spread throughout the network? In the field of computer science, it has long been believed that the problem of obtaining the consent of a network without cheating part of it cannot be solved. In 2008, Satoshi solved this problem by elegantly combining other 4-5 ideas that already existed and to a certain extent had been experienced

In the 1990s, many people – some under anonymity – did research work in cryptography, mathematics and distributed systems. It is not excluded that such an anonymous inventor of Bitcoin. What we know for sure about Satoshi is that he has a solid knowledge of cryptography, economics, digital money, that he wrote a scientific paper for his invention (see Bitcoin Whitepaper) and that after publishing this paper (October 2008) he became involved in the Bitcoin community for another two and a half years, after which it completely disappeared from the public environment (April 2011).

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The mystery of Satoshi Nakamoto’s identity

Obviously, the mystery of Satoshi Nakamoto’s identity was the basis of some conspiracy theories. Then, as if that wasn’t enough, there were people who self-titled or were identified by others as Satoshi. Who is the creator or who are the creators of Bitcoin really does not matter. What matters is that the technology works. People can read about it, understand it and use it.

Like the Internet, Bitcoin belongs to everyone, although it is not owned by anyone. So it is not wrong to say that every user of the network is Satoshi.