Who is behind Satoshi Nakamoto?

He is a genius, multi-billionaire and one of the most wanted people in the world. As a Bitcoin founder, Satoshi Nakamoto has made a name for himself, but only through his pseudonym. Who is hiding behind the camouflage? There are hints.

“Satoshi” means “thinking clearly”, “Naka” translates to “inside or relationship” and “moto” to “origin or foundation”. Linguistically, the name comes from the Japanese. Whether he contains mysterious clues to the origin of the founder? It is possible that they did not prove to be really helpful.

Who is Satoshi Nakamoto?

When Nakamoto released the first Bitcoin client in 2009 and exchanged views with the Bitcoin community until 2010, he said goodbye in 2011 with the words, “I will now devote myself to other things.” Since he insisted on not releasing any personal information, nobody knows who or where he is. Although people talk about a “man”, it could just as well be a woman. Also of a group of programmers is often the speech. His 80,000-word white paper has been analyzed down to the smallest detail for possible conclusions about his identity.

New York’s Joshua Davis examined Nakamoto’s letter, claiming that Nakamoto was Michael Clear, a Dublin Trinity College cryptography student. Even the Finnish economic sociologist Vili Lehdonvirta was not spared by his assumptions. Both, however, denied being Satoshi Nakamoto. Adam Penenberg of FastCompany believed that Neal King, Vladimir Oksman and Charles Bry were the founders of Bitcoin as a group, as one of them was named in a patent application for updating and distributing cryptic keys. But they also rejected the allegations

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Allegations with legal consequences

Not all conjectures were  there without consequences for the speculators. In 2014, the US news magazine Newsweek claimed that a man named Dorian Satoshi Nakamoto from California is responsible for the founding of Bitcoin. The then 65-year-old vehemently defended himself against the allegations, published a denial and sued the US magazine. Somewhat more unusual was the case of Australian entrepreneur Craig Steven Wright, who himself revealed himself as the founder of Bitcoin. But he could not provide all the necessary evidence to substantiate his claims.

Wright was sued in early 2018 by the brother of his business partner David Kleiman. Ira Kleiman accused him of stealing Bitcoins from his brother, who are worth billions of dollars at the moment. According to Wright, Kleiman, who died in 2013, is said to have been involved in the invention of Bitcoin and the creation of the whitepaper on the currency, and together with him was the first miner to have managed billions in assets. Some people suspect that Kleiman is the real Bitcoin founder. Even the US software developer Hal Finney  had co-developed Bitcoin, but he has meanwhile announced that he is not behind the pseudonym.

Is it finally on the right track?

The latest guess comes from the computer magazine Wired, which claims to have found clues that point to the computer scientist Nick Szabo as the mysterious Satoshi Nakamoto. Szabo runs its own blog commenting and sharing business news. In 1998, he described his own model for decentralized and cryptography-based digital currency “Bit Gold”. Similar to Bitcoin, transactions should be made anonymously and directly between the parties to prevent misappropriation. He also mentioned the idea of ​​smart contracts in 1996.

Bitcoin concept was not designed by Nakamoto alone. Through the Cypherpunk community, many participants were able to contribute their ideas, many of which were implemented. These parties maintained regular contact with Nakamoto during the development of Bitcoin. Except Szabo. Although many of his ideas were in use, he and Nakamoto apparently did not exchange any news. Equally suspicious are the initials “NS”, which Nakamoto has processed into his Bitcoin access key and are actually written in the wrong order. Some argue that he could come from Asia because the surname is usually named first. However, Nakamoto’s English is so perfect that he probably has not learned it as a foreign language, it is believed. Thus, the initials may indicate Szabo.

There are not so good results in other candidates!

Also, big doubt is Szabo’s years of silence with Bitcoin. Although someone seemed to be using his ideas, which he worked on for ten years, and Bitcoin found an ever-growing audience, he did not pay tribute to the topic. Bitcoin whitepaper was compared to Szabo’s texts and found striking similarities. Hardly anyone else has found so many good results.

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