Satoshi Nakamoto itself is a mystery. There are a lot of theories revolving around this name. But if you are planning to invest in the bitcoin marketplace like Crypto Engine App you have to know these facts first. It is best to start from the beginning when it all started. Satoshi Nakamoto has been associated with many names and organizations,
yet to know which one is real.
Here are a few facts about Satoshi Nakamoto that you did not know about.
1. Pseudonym- Satoshi Nakamoto
The name Satoshi Nakamoto became synonymous with Bitcoin is because; it was addressed as the author of a white paper that was spared around the cryptography mailing list.
2. People Associated with this name
Newsweek investigated a 64-year old Japanese American- Dorian Prentice Satoshi Nakamoto. He later denied any connection with the bitcoin society, since then Newsweek remains inaccurate about presumptions.
Another man claimed to be Satoshi Nakamoto. An Australian called Craig Steven Wright claimed to have founded bitcoin in 2015 but gave out false evidence. Later, when asked for more evidence, he was not able to provide anything new to bridge his claims. This assertion met with skepticism in the beginning however, it leaves us
wondering what is the real truth behind this or if he, in fact, is the creator.
3. Satoshi is a Billionaire? Yet has only spent about 500 bitcoins.
An estimated value of one million bitcoins rests on Satoshi Nakamoto’s account. This account is worth approximately $4.5 billion as per 2017, August report. By the investigations of the ledgers, Sergio Demian Lernen a programmer determined to be the person who is most probably Satoshi Nakamoto. He has only spent about
0.0005 percent of his total acquired wealth i.e. approximately 500 bitcoins.
4. Satoshi could be dead
In one theory where Hal Finney, the first to receive a bitcoin transaction, could have been Satoshi Nakamoto. If this is a real thing, then the mystery about the founder has left earth with him in 2014.
5. Few Companies Grouped Together
A few bitcoin users kiddingly expressed that Satoshi Nakamoto can be a group of four Asian companies- Samsung, Toshiba, Nakamichi, and Motorola, if the first articles of these companies are nudged you will get the name Sa-toshi Naka-moto.
6. Nobel Prize Nomination
Satoshi Nakamoto was nominated for Nobel Prize in 2015 for Economic Science by Bhagwan Chowdhry, a prof. of finance at UCLA.
7. Satoshi might not be a man
As the real identity of Satoshi is not confirmed, we cannot say for sure that it is a man. It might be that it is a woman or maybe a group of people altogether. A developer for bitcoin, Laszlo
8. Digital Contacts of Satoshi Nakamoto
It has been found that Satoshi Nakamoto has never communicated with anyone over the phone or in person. This persona always favors emails and online forums to communicate.
Once Satoshi Nakamoto asked Wikileaks not to accept bitcoins. When the fans of cryptocurrency asked Wikileaks to start taking donations in bitcoins in 2010, December. Satoshi Nakamoto posted a message in one of the bitcoin forum where he made an appeal to Wikileaks. He had asked them not to use bitcoins, back then he claimed
bitcoin was a beta community and was yet to grow. He also mentioned that the heat generated by the users in his server would kill the system leaving the users to very less quantity of income.
Satoshi Nakamoto told the developers of the bitcoins project to “De-Emphasize the Whole ‘Mysterious Found’ Thing.” This was an email sent to Gavin Andresen in 2011, April. This, however, is the last known online conversation of Satoshi Nakamoto.
9. Similarities found in the writing styles points out another candidate for Satoshi
A secluded American, Nick Szabo keenly involved in the bitcoin project has posted a blog showing interest in the technology even before it was released. However, Nick later reposted the blog that altered the original publishing date.
After the bit gold blog was understood to be present prior to the bitcoins’ release. Researchers at Aston University started comparing the writing style of Nick to Satoshi. A lecturer who led the project, Jack Grieve, stated that the similarities they found were “uncanny”.
10. A Tribute to Satoshi
Bitcoins can be divided into smaller units. The smallest of these units are known as “Satoshi”. It represents the one hundred millionths of an entire bitcoin.
