What makes Satoshi Nakamoto a Global Shaker?
Satoshi Nakamoto is the pseudonym for the person or people that created Bitcoin, the most popular cryptocurrency in the world. Although the details of the creator are still unknown, the US National Security Agency has claimed to have identified Satoshi through stylometry and by examining posts written online through a vast surveillance network.
On November 1st, 2008, Satoshi sent the infamous white paper, Bitcoin: A Peer-to-Peer Electronic Cash System, to a cryptographic mailing list.
“What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party,” the document asserted. “Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.”
In January 2009, Satoshi released Bitcoin software.
As of yet, no details have been released revealing Satoshi’s identity.
According to reports, Satoshi cut ties with the Bitcoin project in 2010. The word Satoshi translates to wisdom or reason, while Nakamoto can mean central source. Is this symbolic title indicative of the reason for the existence of Bitcoin?
Last updated: April 22, 2019
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