Technology

Who created Bitcoin?


Lots of theories about the identity of the creator of Bitcoin. There is even a theory that Satoshi Nakamoto is the first pun of four companies: Samsung, Toshiba, Nakamichi and Motorola.

Satoshi Nakamoto – the father of Bitcoin is still a mystery. It is not even known that this identity belongs to the person or group of organizations that created the most famous cryptocurrency today.

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In the 2012 P2P Foundation filing, Bitcoin’s father claimed to be a 37-year-old man living in Japan. Photo: Cointelegraph.

“I am a male, 37 years old living in Japan”

Believing that the world can exist a transaction system where members do not need to trust each other, in 2007, Satoshi created open source Bitcoin Core (formerly known as Bitcoin-Qt) for public use. co-algorithm.

In 2008, he self-published the article “Bitcoin: A peer-to-peer electronic money system”, describes the use of a peer-to-peer network that would eliminate the possibility of fraudulently using two different transactions to spend the balance of one account together.

The solution against the above fraud is to authorize a trusted third party to act as an intermediary, to verify whether the transaction has been performed or not. Satoshi removed this third party, which is usually banks, to create a decentralized system for transactions.

Blockchain was born from here. The public ledger records all data, transmits it transparently, in integrity, and cannot be altered or fraudulent. Deeper, blockchain is a decentralized database, in which information is stored in blocks, each block is encrypted together.

On January 9, 2009, Nakamoto released the software Bitcoin version 0.1 on SourceForge and launch the network by mining Bitcoin base block (block zero). The reward for the father of the coin is 50 BTC.

Notably, embedded in the block’s coinbase transaction is the words: “On September 3, 2009, the Prime Minister is about to release the second bailout package for banks”, referring to the article on the sheet The Times published in the UK that day. This note both marks the milestone of the world’s most famous cryptocurrency, and is a sarcasm for the volatility of banks.

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Bitcoin was born, threatening the position of traditional banks. Photo: Bloomberg.

By the end of 2010, the Bitcoin development community lost contact completely with Satoshi.

He gave developer Gavin Andresen the alarm key when the Bitcoin network was hacked. This key can be used to alert the entire network to stop transactions.

Satoshi never disclosed any personal information during the development of Bitcoin, although he once commented on the system of partially reserve banks (Fractional reserve banking).

In Satoshi’s profile on the P2P Foundation, the character claims to be a 37-year-old male living in Japan. However, with the ability of English as a native, along with the Bitcoin software without any Japanese writing, many opinions suggest that this is unlikely to be a person living in the land of cherry blossoms. .

Evidence is how Satoshi uses native English in both source code comments and forum posts like “bloody hard”, “flat”, “maths”, “greys” or “color”. In addition, the ironic article’s title The Times shows that Satoshi has a special interest in British affairs.

Bitcoin’s biggest mystery

Security researcher Dan Kaminsky suggests that Nakamoto could be the name of the group of people. Laszlo Hanyecz, a developer who exchanged emails with Satoshi, said the ciphertext is so well-written, it is difficult to be produced by just one individual.

Prisoning computer legend John McAfee declares Nakamoto as “a team of 11”. Commenting on Satoshi, Gavin Andresen said that “He is an excellent programmer, but quite a strange”.

Swiss software engineer Stefan Thomas plotted the timeline for Satoshi’s 500 Bitcoin forum posts. The results showed that there were almost no articles between 14:00 and 20:00 Japan. During the weekends, Satoshi operates with a similar schedule.

A lot of people are filling in Satoshi’s anonymity by the public. The most famous is the Japanese-American grandfather living in California Dorian Satoshi Nakamoto, after an article’s News Week in March 2014 that he is the founder of Bitcoin.

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The identity of the creator of Bitcoin remains a mystery. Photo: Cryptoslate.

The article caused a stir in the crypto community as it was the first time that a mainstream publication verified Satoshi’s identity.

Specifically, author Leah McGrath Goodman said in an interview, Mr. Dorian replied: “I have nothing to do with Bitcoin so I cannot discuss it. It has been transferred to others and They are in charge. I have no relationship left. ” However, Mr. Dorian denied this information.

In addition, one can mention Nick Szabo, the developer who published the article “bit gold“1998, considered the precursor to Bitcoin; Hal Finney – cryptocurrency researcher from before Bitcoin’s birth, one of the first to use Bitcoin software.

Even many people also believe that Elon Musk is the name that created the money that boiled the market in the early 2021. Like Mr. Dorian, the founder of SpaceX has denied this doubt.

Follow Zing / Wired, Technology Review, Theweek

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