Bitcoins have been in the news for quite some time now. But what has caught everyone’s attention is its volatile nature. There have been speculations regarding its sustainability, and many, till date, still do not have a clear picture of its advent. With no substantial answers yet available, its inventor, a fictitious name- Satoshi Nakamoto, is the closest clue that’s been provided to the world. We have brought together all that you need to know to unravel this mysterious figure.
1.Satoshi Nakamoto is a pseudonym for the inventor of bitcoin and he remains an unknown entity. On 1st November 2008, an email was sent to a cryptogenic mailing list from a user by the name of Satoshi Nakamoto. It contained the white paper of bitcoin.
2.The name initially led people to believe that he is Japanese, but his flawless English in the white paper has brought many doubts to this assumption. If translated in Japanese, the name means- thinking clearly inside the foundation. With his nationality still in question, he remains to be an enigma.
3.No one can say whether the name belongs to a ‘he’, ‘she’, or ‘they’. It can be a person or a group of companies. He can be more than one person as it seems to be too well designed for just one person to crank out.
4.Nobel Prize nomination
In 2015, he was nominated for Noble Prize in Economics Science by Bhagwan Chowdry- a professor of finance at UCLA. Of course, Chowdry is aware that the Noble Prize Committee is unlikely to accept the nomination of a pseudonym candidate.
5.He was also named as Business Insider’s Most Impressive Person of the year in 2013
6.The name can also be an anagram or a syllabic abbreviation for a group of companies. The name can be created by taking ‘sa’ from Samsung, ‘toshi’ from Toshiba, ‘naka’ from Nakamichi. And ‘moto’ from Motorola.
7.He may be dead or alive. Nakamoto vanished from internet in April 2011. There have been speculations ever since about his existence. Since Hal Finney, the first person to receive a bitcoin transaction, passed away in 2014, this mystery might never be solved.
8.His account holds approximately 1 million bitcoins. He has only sold 500 bitcoins of his acquired share. In the recent times, Satoshi has been propelled into the billionaire league. People keep sending him bitcoins, adding to his already mammoth wealth.
9.The email account firstname.lastname@example.org belonging to the elusive bitcoin founder got hacked in September 2014. Nakamoto’s real identity could have been sold on the dark net. But despite his account being hacked, it is unlikely that bitcoin’s security network would have been penetrated into due to its decentralized nature.
10.Nakamoto stopped replying to any posts or emails from September 2011. He feared being linked to WikiLeaks. “It would have been nice to get this attention in any other context. Wikileaks has kicked the hornet’s nest, and the swarm is headed towards us”- was his last post.
11.He is probably writing a book. The post that announced his book appeared on site nakamotofamilyfoundation.org, along with an expert from the book. One of the biggest mysteries in the blockchain and cryptocurrency world may soon be revealed in a forthcoming book.
12.Nakamoto predicted how mining fees will work together with transaction fees. And today a transaction fee is about 10% of the total mining reward. And as he had prophesized, dynamic fees for transaction have taken root. “Free transactions would take longer to get into a block”-he had written.
13.He used to place a long blank space or two after periods. It can be found in his whitepaper published on November 1, 2008. Many experts used stylometric analasys to uncover Satoshi Nakamoto through the white paper but the efforts have not been fruitful.
14.His net worth, based on the exchange rate of 22/02/2018, is 10,385,025,000 USD. This means that Nakamoto would have been the 44th richest person in the world!
15.His name has led to a huge marketing strategy. Tshirts with slogans like ‘I am Satoshi Nakamoto’, ‘Who is Satoshi?’ have flooded the market. The name has become a brand in itself and with the kind of mystery looming over it, it has become a fad amongst the tech enthusiasts.