Satoshi Nakamoto: The Mysterious Inventor of Bitcoin

Satoshi Nakamoto is the person or group of people who created Bitcoin.

Who is Satoshi Nakamoto?

Satoshi Nakamoto is the pseudonym used by the person (or group of people) who wrote the bitcoin whitepaper, a document containing a plan to create the worlds largest cryptocurrency. The document detailed high-tech cryptographic concepts that showed how digital money could bypass the need for central banks in the immediate aftermath of the financial crisis.

Plenty of people were suspected of being Satoshi Nakamoto. Some went to great lengths to clear their name, claiming they had nothing to do with the creation of the cryptocurrency. Others were linked to the pseudonym after a linguistic analysis of the document was conducted and characteristic phrases were compared to other published works. Unfortunately, however, these investigations were inconclusive as well.

However, some – Craig Wright, for example – actively claimed that he was Satoshi Nakamoto. Eventually, this Australian entrepreneur tried to claim the copyright to the bitcoin document through American channels, which caused ridicule from the cryptocurrency community.

Adding to the mystery is the fact that Nakamoto eventually withdrew from the Bitcoin community shortly after the cryptocurrency’s launch. His last post on the BitcoinTalk forum was in December 2010, and he hasn’t been seen since.

Although Satoshi Nakamoto is gone, his presence continues to be felt thanks to the Bitcoin White Paper, which is freely available online. Satoshi has also been named satoshi after the smallest possible unit of one Bitcoin, the 100 millionth part of one coin.