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“Bitcoin Mystery Man”

Updated: Feb 28, 2022

The cryptocurrency world began in 2009, and it started with the creation of Bitcoin. This revolutionary technology has not only opened up a new form of currency worldwide but has also introduced blockchain technology to the world. So, who created this?

Well, no one really knows. Yes, it is as simple as that. One of the most revolutionary technological creations has no verified creator. Why not take any credit for such an important creation?

The Bitcoin creation was released with a document named Bitcoin: A Peer-to-Peer Electronic Cash System. It contains all the information about the cryptocurrency and it is signed by Satoshi Nakamoto; besides this name, no one really knows who Nakamoto is.

According to Digital Trends, “Nakamoto also communicated with users via email for a few years after the software's release, but he has not been involved with Bitcoin since 2011."

There have been many media allegations about who this mysterious Bitcoin creator is. In 2014, Newsweek pointed at Dorian Prentice Satoshi Nakamoto, a Japanese-American living a humble life in California. The man claimed he had nothing to do with Bitcoin.

Digitaltrends states that “the day after the Newsweek piece ran, a comment from the original Satoshi Nakamoto on P2P posted simply - I am not Dorian Nakamoto.”

Since then, the article released by Newsweek has been modified, stating that “This story has been appended to include a statement from Dorian Nakamoto received on March, 19th when Newsweek was first contacted directly by Mr. Nakamoto's attorney, denying his role in Bitcoin."

Another person claiming to be Satoshi Nakamoto is Craig Wright, an Australian entrepreneur who has publicly identified himself as Bitcoin’s creator. In 2016, BBC had a meeting with Wright. This is what they mentioned, “At the meeting with the BBC, Mr. Wright digitally signed messages using cryptographic keys created during the early days of Bitcoin's development. The keys are inextricably linked to blocks of bitcoins known to have been created or 'mined' by Satoshi Nakamoto."

Whether you believe Craig Wright is the creator of Bitcoin or any other person or group who may have invented this digital currency, they have their reasons to remain in the shadows.

There may be various reasons why Nakamoto doesn’t want his identity revealed. First of all, it must be pretty overwhelming to create a digital currency that has become popular worldwide. Its decentralized network goes against what we are accustomed to with banks. Maybe it’s not a good idea to anger the banking system, or maybe the person or people just want to have their privacy.

“With anonymity, people can be free to express unpopular ideas and be critical of people in power without risking retaliation or opprobrium”, states NYTimes. Many times, anonymity is used for the wrong reasons, like cyberbullying. Not being able to have anonymity may shut down many people from expressing themselves, WikiLeaks would not have happened for that matter. In the case of Bitcoin creation, I guess we will still be kept in the dark as to who this mystery person is.

Hoped you enjoyed it! Feel free to comment.

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