The Bitcoin Crypto-Currency Mystery Reopened All things here


Bitcoin Table of contents expand: 1. What is Bitcoin? 2. Understanding Bitcoin 3. How Bitcoin Works 4. What's a Bitcoin Worth? 5. How Bitcoin Began 6. Who Invented Bitcoin? 7. Before Satoshi 8. Why Is Satoshi Anonymous? 9. The Suspects 10. Can Satoshi's Identity Be Proven? 11. Receiving Bitcoins As Payment 12. Working For Bitcoins 13. Bitcoin From Interest Payments 14. Bitcoins From Gambling 15. Investing in Bitcoins 16. Risks of Bitcoin Investing 17. Bitcoin Regulatory Risk 18. Security Risk of Bitcoins 19. Insurance Risk 20. Risk of Bitcoin Fraud 21. Market Risk 22. Bitcoin's Tax Risk What is Bitcoin?
Bitcoin is a digital currency created in January 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity is yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.
There are no physical bitcoins, only balances kept on a public ledger in the cloud, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of other virtual currencies collectively referred to as Altcoins.
Understanding Bitcoin Bitcoin is a type of cryptocurrency: Balances are kept using public and private "keys," which are long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them. The public key (comparable to a bank account number) serves as the address which is published to the world and to which others may send bitcoins. The private key (comparable to an ATM PIN) is meant to be a guarded secret and only used to authorize Bitcoin transmissions. Style notes: According to the official Bitcoin Foundation, the word "Bitcoin" is capitalized in the context of referring to the entity or concept, whereas "bitcoin" is written in the lower case when referring to a quantity of the currency (e.g. "I traded 20 bitcoin") or the units themselves. The plural form can be either "bitcoin" or "bitcoins."
How Bitcoin Works Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. The independent individuals and companies who own the governing computing power and participate in the Bitcoin network, also known as "miners," are motivated by rewards (the release of new bitcoin) and transaction fees paid in bitcoin. These miners can be thought of as the decentralized authority enforcing the credibility of the Bitcoin network. New bitcoin is being released to the miners at a fixed, but periodically declining rate, such that the total supply of bitcoins approaches 21 million. One bitcoin is divisible to eight decimal places (100 millionths of one bitcoin), and this smallest unit is referred to as a Satoshi. If necessary, and if the participating miners accept the change, Bitcoin could eventually be made divisible to even more decimal places. Bitcoin mining is the process through which bitcoins are released to come into circulation. Basically, it involves solving a computationally difficult puzzle to discover a new block, which is added to the blockchain and receiving a reward in the form of a few bitcoins. The block reward was 50 new bitcoins in 2009; it decreases every four years. As more and more bitcoins are created, the difficulty of the mining process – that is, the amount of computing power involved – increases. The mining difficulty began at 1.0 with Bitcoin's debut back in 2009; at the end of the year, it was only 1.18. As of February 2019, the mining difficulty is over 6.06 billion. Once, an ordinary desktop computer sufficed for the mining process; now, to combat the difficulty level, miners must use faster hardware like Application-Specific Integrated Circuits (ASIC), more advanced processing units like Graphic Processing Units (GPUs), etc.
What's a Bitcoin Worth? In 2017 alone, the price of Bitcoin rose from a little under $1,000 at the beginning of the year to close to $19,000, ending the year more than 1,400% higher. Bitcoin's price is also quite dependent on the size of its mining network since the larger the network is, the more difficult – and thus more costly – it is to produce new bitcoins. As a result, the price of bitcoin has to increase as its cost of production also rises. The Bitcoin mining network's aggregate power has more than tripled over the past twelve months.
How Bitcoin Began
Aug. 18, 2008: The domain name is registered. Today, at least, this domain is "WhoisGuard Protected," meaning the identity of the person who registered it is not public information.
Oct. 31, 2008: Someone using the name Satoshi Nakamoto makes an announcement on The Cryptography Mailing list at "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. The paper is available at" This link leads to the now-famous white paper published on entitled "Bitcoin: A Peer-to-Peer Electronic Cash System." This paper would become the Magna Carta for how Bitcoin operates today.
Jan. 3, 2009: The first Bitcoin block is mined, Block 0. This is also known as the "genesis block" and contains the text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks," perhaps as proof that the block was mined on or after that date, and perhaps also as relevant political commentary.
Jan. 8, 2009: The first version of the Bitcoin software is announced on The Cryptography Mailing list.
Jan. 9, 2009: Block 1 is mined, and Bitcoin mining commences in earnest.
Who Invented Bitcoin?
No one knows. Not conclusively, at any rate. Satoshi Nakamoto is the name associated with the person or group of people who released the original Bitcoin white paper in 2008 and worked on the original Bitcoin software that was released in 2009. The Bitcoin protocol requires users to enter a birthday upon signup, and we know that an individual named Satoshi Nakamoto registered and put down April 5 as a birth date. And that's about it.
Before Satoshi
Though it is tempting to believe the media's spin that Satoshi Nakamoto is a solitary, quixotic genius who created Bitcoin out of thin air, such innovations do not happen in a vacuum. All major scientific discoveries, no matter how original-seeming, were built on previously existing research. There are precursors to Bitcoin: Adam Back’s Hashcash, invented in 1997, and subsequently Wei Dai’s b-money, Nick Szabo’s bit gold and Hal Finney’s Reusable Proof of Work. The Bitcoin white paper itself cites Hashcash and b-money, as well as various other works spanning several research fields.
Why Is Satoshi Anonymous?
There are two primary motivations for keeping Bitcoin's inventor keeping his or her or their identity secret. One is privacy. As Bitcoin has gained in popularity – becoming something of a worldwide phenomenon – Satoshi Nakamoto would likely garner a lot of attention from the media and from governments.
The other reason is safety. Looking at 2009 alone, 32,489 blocks were mined; at the then-reward rate of 50 BTC per block, the total payout in 2009 was 1,624,500 BTC, which at today’s prices is over $900 million. One may conclude that only Satoshi and perhaps a few other people were mining through 2009 and that they possess a majority of that $900 million worth of BTC. Someone in possession of that much BTC could become a target of criminals, especially since bitcoins are less like stocks and more like cash, where the private keys needed to authorize spending could be printed out and literally kept under a mattress. While it's likely the inventor of Bitcoin would take precautions to make any extortion-induced transfers traceable, remaining anonymous is a good way for Satoshi to limit exposure.
The Suspects
Numerous people have been suggested as possible Satoshi Nakamoto by major media outlets. Oct. 10, 2011, The New Yorker published an article speculating that Nakamoto might be Irish cryptography student Michael Clear or economic sociologist Vili Lehdonvirta. A day later, Fast Company suggested that Nakamoto could be a group of three people – Neal King, Vladimir Oksman and Charles Bry – who together appear on a patent related to secure communications that were filed two months before was registered. A Vice article published in May 2013 added more suspects to the list, including Gavin Andresen, the Bitcoin project’s lead developer; Jed McCaleb, co-founder of now-defunct Bitcoin exchange Mt. Gox; and famed Japanese mathematician Shinichi Mochizuki.
In December 2013, Techcrunch published an interview with researcher Skye Grey who claimed textual analysis of published writings shows a link between Satoshi and bit-gold creator Nick Szabo. And perhaps most famously, in March 2014, Newsweek ran a cover article claiming that Satoshi is actually an individual named Satoshi Nakamoto – a 64-year-old Japanese-American engineer living in California. The list of suspects is long, and all the individuals deny being Satoshi.
Can Satoshi's Identity Be Proven?
It would seem even early collaborators on the project don’t have verifiable proof of Satoshi’s identity. To reveal conclusively who Satoshi Nakamoto is, a definitive link would need to be made between his/her activity with Bitcoin and his/her identity. That could come in the form of linking the party behind the domain registration of, email and forum accounts used by Satoshi Nakamoto, or ownership of some portion of the earliest mined bitcoins. Even though the bitcoins Satoshi likely possesses are traceable on the blockchain, it seems he/she has yet to cash them out in a way that reveals his/her identity. If Satoshi were to move his/her bitcoins to an exchange today, this might attract attention, but it seems unlikely that a well-funded and successful exchange would betray a customer's privacy.
Receiving Bitcoins As Payment
Bitcoins can be accepted as a means of payment for products sold or services provided. If you have a brick and mortar store, just display a sign saying “Bitcoin Accepted Here” and many of your customers may well take you up on it; the transactions can be handled with the requisite hardware terminal or wallet address through QR codes and touch screen apps. An online business can easily accept bitcoins by just adding this payment option to the others it offers, like credit cards, PayPal, etc. Online payments will require a Bitcoin merchant tool (an external processor like Coinbase or BitPay).
Working For Bitcoins
Those who are self-employed can get paid for a job in bitcoins. There are several websites/job boards which are dedicated to the digital currency:
Work For Bitcoin brings together work seekers and prospective employers through its websiteCoinality features jobs – freelance, part-time and full-time – that offer payment in bitcoins, as well as Dogecoin and LitecoinJobs4Bitcoins, part of reddit.comBitGigs
Bitcoin From Interest Payments
Another interesting way (literally) to earn bitcoins is by lending them out and being repaid in the currency. Lending can take three forms – direct lending to someone you know; through a website which facilitates peer-to-peer transactions, pairing borrowers and lenders; or depositing bitcoins in a virtual bank that offers a certain interest rate for Bitcoin accounts. Some such sites are Bitbond, BitLendingClub, and BTCjam. Obviously, you should do due diligence on any third-party site.
Bitcoins From Gambling
It’s possible to play at casinos that cater to Bitcoin aficionados, with options like online lotteries, jackpots, spread betting, and other games. Of course, the pros and cons and risks that apply to any sort of gambling and betting endeavors are in force here too.
Investing in Bitcoins
There are many Bitcoin supporters who believe that digital currency is the future. Those who endorse it are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe. Although it is not itself any backed by any government or central bank, bitcoin can be exchanged for traditional currencies; in fact, its exchange rate against the dollar attracts potential investors and traders interested in currency plays. Indeed, one of the primary reasons for the growth of digital currencies like Bitcoin is that they can act as an alternative to national fiat money and traditional commodities like gold.
In March 2014, the IRS stated that all virtual currencies, including bitcoins, would be taxed as property rather than currency. Gains or losses from bitcoins held as capital will be realized as capital gains or losses, while bitcoins held as inventory will incur ordinary gains or losses.
Like any other asset, the principle of buying low and selling high applies to bitcoins. The most popular way of amassing the currency is through buying on a Bitcoin exchange, but there are many other ways to earn and own bitcoins. Here are a few options which Bitcoin enthusiasts can explore.
Risks of Bitcoin Investing
Though Bitcoin was not designed as a normal equity investment (no shares have been issued), some speculative investors were drawn to the digital money after it appreciated rapidly in May 2011 and again in November 2013. Thus, many people purchase bitcoin for its investment value rather than as a medium of exchange.
However, their lack of guaranteed value and digital nature means the purchase and use of bitcoins carries several inherent risks. Many investor alerts have been issued by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Consumer Financial Protection Bureau (CFPB), and other agencies.
The concept of a virtual currency is still novel and, compared to traditional investments, Bitcoin doesn't have much of a long-term track record or history of credibility to back it. With their increasing use, bitcoins are becoming less experimental every day, of course; still, after eight years, they (like all digital currencies) remain in a development phase, still evolving. "It is pretty much the highest-risk, highest-return investment that you can possibly make,” says Barry Silbert, CEO of Digital Currency Group, which builds and invests in Bitcoin and blockchain companies.
Bitcoin Regulatory Risk
Investing money into Bitcoin in any of its many guises is not for the risk-averse. Bitcoins are a rival to government currency and may be used for black market transactions, money laundering, illegal activities or tax evasion. As a result, governments may seek to regulate, restrict or ban the use and sale of bitcoins, and some already have. Others are coming up with various rules. For example, in 2015, the New York State Department of Financial Services finalized regulations that would require companies dealing with the buy, sell, transfer or storage of bitcoins to record the identity of customers, have a compliance officer and maintain capital reserves. The transactions worth $10,000 or more will have to be recorded and reported.
Although more agencies will follow suit, issuing rules and guidelines, the lack of uniform regulations about bitcoins (and other virtual currency) raises questions over their longevity, liquidity, and universality.
Security Risk of Bitcoins
Bitcoin exchanges are entirely digital and, as with any virtual system, are at risk from hackers, malware and operational glitches. If a thief gains access to a Bitcoin owner's computer hard drive and steals his private encryption key, he could transfer the stolen Bitcoins to another account. (Users can prevent this only if bitcoins are stored on a computer which is not connected to the internet, or else by choosing to use a paper wallet – printing out the Bitcoin private keys and addresses, and not keeping them on a computer at all.) Hackers can also target Bitcoin exchanges, gaining access to thousands of accounts and digital wallets where bitcoins are stored. One especially notorious hacking incident took place in 2014, when Mt. Gox, a Bitcoin exchange in Japan, was forced to close down after millions of dollars worth of bitcoins were stolen.
This is particularly problematic once you remember that all Bitcoin transactions are permanent and irreversible. It's like dealing with cash: Any transaction carried out with bitcoins can only be reversed if the person who has received them refunds them. There is no third party or a payment processor, as in the case of a debit or credit card – hence, no source of protection or appeal if there is a problem.
Insurance Risk
Some investments are insured through the Securities Investor Protection Corporation. Normal bank accounts are insured through the Federal Deposit Insurance Corporation (FDIC) up to a certain amount depending on the jurisdiction. Bitcoin exchanges and Bitcoin accounts are not insured by any type of federal or government program.
Risk of Bitcoin Fraud
While Bitcoin uses private key encryption to verify owners and register transactions, fraudsters and scammers may attempt to sell false bitcoins. For instance, in July 2013, the SEC brought legal action against an operator of a Bitcoin-related Ponzi scheme.
Market Risk
Like with any investment, Bitcoin values can fluctuate. Indeed, the value of the currency has seen wild swings in price over its short existence. Subject to high volume buying and selling on exchanges, it has a high sensitivity to “news." According to the CFPB, the price of bitcoins fell by 61% in a single day in 2013, while the one-day price drop in 2014 has been as big as 80%.
If fewer people begin to accept Bitcoin as a currency, these digital units may lose value and could become worthless. There is already plenty of competition, and though Bitcoin has a huge lead over the other 100-odd digital currencies that have sprung up, thanks to its brand recognition and venture capital money, a technological break-through in the form of a better virtual coin is always a threat.
Bitcoin's Tax Risk
As bitcoin is ineligible to be included in any tax-advantaged retirement accounts, there are no good, legal options to shield investments from taxation.
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Related Terms
The satoshi is the smallest unit of the bitcoin cryptocurrency. It is named after Satoshi Nakamoto, the creator of the protocol used in block chains and the bitcoin cryptocurrency.
Chartalism Chartalism is a non-mainstream theory of money that emphasizes the impact of government policies and activities on the value of money.
Satoshi Nakamoto The name used by the unknown creator of the protocol used in the bitcoin cryptocurrency. Satoshi Nakamoto is closely-associated with blockchain technology.
Bitcoin Mining, Explained Breaking down everything you need to know about Bitcoin Mining, from Blockchain and Block Rewards to Proof-of-Work and Mining Pools.
Understanding Bitcoin Unlimited Bitcoin Unlimited is a proposed upgrade to Bitcoin Core that allows larger block sizes. The upgrade is designed to improve transaction speed through scale.
Blockchain Explained
A guide to help you understand what blockchain is and how it can be used by industries. You've probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger." But blockchain is easier to understand than it sounds.
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By Satoshi Nakamoto
Read it once, go read other crypto stuff, read it again… keep doing this until the whole document makes sense. It’ll take a while, but you’ll get there. This is the original whitepaper introducing and explaining Bitcoin, and there’s really nothing better out there to understand on the subject.
“What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party

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Brief History Of Bitcoin

Brief History Of Bitcoin
Bitcoins have been classed as the world's originally decentralized cash, and for as far back as ten years, they have become all the more notable and keep on developing in notoriety.

The following is a concise history of how the Bitcoin began and what has occurred since.

2007 - It was in 2007 that the idea of the Bitcoin started. It is accepted that it was begun by Satoshi Nakamoto, in spite of the fact that very little is thought about him, other than the reality he is on record as living in Japan. Truth be told, many conjecture this may very well be a pen name more than one individual. Albeit soon, this character totally evaporated from the world.

August 2008 An application for an encryption patent application was recorded by three people who denied having any association with the supposed originator of the Bitcoin idea. They were Neal Kin, Vladimir Oksman and Charles Bry.

Around the same time, they namelessly purchased and enlisted the space

October 2008 In October of 2008, only two months after the space was enlisted, a paper titled, 'Bitcoin: A Peer-to-Peer Electronic Cash System', was distributed on a cryptography mailing list, apparently composed by Satoshi Nakamoto.

The paper laid out the establishment of how the Bitcoin would really work, and takes care of the issue of cash being duplicated, which permitted Bitcoin to develop genuinely.

November 2008 A month after the white paper was distributed, the Bitcoin venture is enlisted on a network joint effort site, SourceForge, which centers around the improvement and circulation of open source programming.

January 2009 In mid 2009, the principal square, which was nicknamed 'Beginning' is propelled, which permitted the primary adaptation of Bitcoin to be discharged.

There was further hypothesis that Bitcoins were created by more than one individual, as it had been accumulated with Microsoft Visual Studio for Windows, yet needed order line interface. It was anticipated as of now that a Bitcoin age framework would make a sum of 21 million Bitcoins during that time 2040.

Later on, right now, first exchange occurred among Satoshi and Hal Finney, a designer and cryptographic lobbyist.

October 2009 In October, New Liberty Standard distributes a Bitcoin swapping scale. The worth was built up and they distributed a pace of a Bitcoin at 1USD = 1,309.03 BTC. This was chosen utilizing a condition that incorporated the expense of the power to run the PC that produced Bitcoins.

Later on this month, the #bitcoin-dev channel is enrolled on freenode IRC, which was a conversation arrange intended for nothing and open source advancement networks.

December 2009 In late 2009, the second form of the Bitcoin was created and discharged; anyway later on in the month, they acquired their first trouble increment.

February 2010 In mid 2010, the Bitcoin money trade was conceived, and the Market was built up by the now ancient organization dollar. Later on in the month, and 18 months after the application was documented, the encryption patent was distributed and endorsed.

May 2010 This month would end up being an achievement for Bitcoins, because of the way that the primary genuine exchange occurred. A software engineer named Laszlo Hanyecz, who lived in Florida pays 10,000 Bitcoins on a pizza, that was initially purchased from Papa Johns by a volunteer in England. The conversion scale at the time put the price tag for the pizza at 25USD.
Given the present swapping scale, today the pizza is esteemed at 1,961,034GBP.

July 2010 The third form of Bitcoin is created and discharged. Later on that month, there were an enormous number of new Bitcoin clients, on account of a notice of the new form on Slashdot.

During a multi day time of this current month, the trade estimation of Bitcoin expanded multiple times, from 0.0008USD/BTC to 0.080USD/BTC which the prompted Jed McCaleb building up a Bitcoin money trade showcase named MtGox.

August 2010 August 2010 end up being a sad month for the Bitcoin, and the framework was hacked. A defenselessness in the framework caused Bitcoins to be inappropriately checked, and accordingly abused, which brought about the age of 184 million Bitcoins. The made the worth drop radically.

September 2010 This was a bustling month for Bitcoins, as they attempted to recoup from the hacking the earlier month. An offer was made by jgarzik as 10,000BTC, which was proportionate to 650USD at that point, to open source their Windows-based CUDA customer. Later on that month, they took this offer and discharged the source, under the MIT permit.

October 2010 Bitcoins confronted a ton of investigation this month, when a between administrative gathering named The Financial Action Task Force gave a report on tax evasion, notice about the utilization of computerized monetary standards to fund fear based oppressor gatherings.

In spite of this report, the Bitcoin swapping scale, which had slowed down, started to climb once more. This came after the principal open adaptation of an OpenCL digger is discharged.
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Satoshi Nakamoto: The origin

Satoshi Nakamoto is the name that has been assigned to the fictional person who created and designed all Bitcoin protocol and software in 2008, the year in which the network and the first units of coins were created. The identity is still a complete mystery and what is known as Satoshi Nakamoto could be a pseudonym, a person or a group of people. This is one of the biggest mysteries in the world of the cryptocurrencies.
There are several journalistic investigations, groups and individuals that have tried to discover their true identity that until now is a mystery, even the CIA has stated that it cannot deny or confirm the existence of this individual.
There are 9 possible candidates that could be behind the identity of Satoshi Nakamoto:
  1. Vili Lehdonvirta.
He is a professor at the Institute of Information Technology in Helsinki, Finland. A New Yorker journalist, during the search for the identity of Nakamoto, adjudged him to be the creator of Bitcoin because during 2001 he used to program virtual games and coins; however, he has denied having any relationship with this project.
  1. Shinichi Mochizuki.
This mathematician from the University of Kyoto, Japan, got to be one of the suspects because he solved the ABC conjecture, this gave sufficient proof for Ted Nelson to consider him Nakamoto in 2013. Mochizuki denied being this person seven months later.
  1. Dorian Nakamoto.
This brilliant computer engineer was identified as the creator of Bitcoin by Leah McGrath Goodman, after that in an interview where, according to the journalist's words, he had admitted being the creator of the project. Nakamoto denied having any connection to work during an interview with The Associted Press.
  1. Nick Szabo.
The researcher Skye Gray in 2013 through a stylometric analysis determined that Szabo was the person that best suited the profile of Satoshi Nakamoto, who is a computer and cryptographic. Even though Szabo developed a pre-Bitcoin coin called BitGold, he denied being the creator of Bitcoin as we know it.
  1. Hal Finney.
Although he died in 2014, Finney has been the protagonist of many rumors related to the invention of Bitcoin. While he was alive, Finney denied his complete participation with the creation of the cryptocurrency, this action is awarded to him because he was the first person to receive a BTC transaction from the same creator.
  1. Craig Wright.
Wright is considered the creator of Bitcoin thanks to the fact that he attributed himself this creation on May 2nd, 2006. Although there is a lot of evidence that deny this fact, this man is known as the "FakeSatoshi" in the networks social.
  1. Neal King, Vladimir Oksman y Charles Bry.
The journalist Adam Penenberg in 2013 presented evidence that the trio was a fake person that is Satoshi Nakamoto. This theory originates because these three people applied for a patent in 2008 to register "Computationally impractical to reserve" and this document was used in the official document published by Nakomoto in October of that year. The domain was registered three days after the patent application. But King, Oksman and Bry totally denied this fact.
  1. Elon Musk.
Musk is nominated by Sahil Gupta to be Satoshi Nakamoto due to his background in Economics and his experience in history and innovation of many softwares. Musk immediately denied any relationship, but still Gupta says he is the one behind the Satoshi identity.
  1. Government agencies.
Although there is no proof that a government agency could have created Nakamoto as a fake person, this is a conspiracy theory that points to several organizations and countries as the creators of the character; the most famous is United States.
There are multiple theories and many people pointed out, but really, who knows the true identity of the creator of this network? Will we ever know?
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October 31, 2008, at the dawn of the global financial crisis, there was a document that appeared on the mailing list of cryptographic community appeared, it was called “Bitcoin: A Peer-to-Peer Electronic Cash System” the author of which was a person named Satoshi Nakamoto. In January 2009, on behalf of Nakamoto, there was a genesis block generated in the Bitcoin network, the hash files of which contained an encrypted message stating the title of the article from British newspaper “The Times” - 03 / Jan / 2009" Chancellor on brink of the second bailout for banks". A genius that was yet unknown to the world, had already hinted that the sad events of 2008 will repeat. The solution he proposed was a response to imperfection and depravity of the existing financial and credit system - centralized, corrupt, technologically imperfect and rapidly losing credibility.
People did not immediately understand what they were facing. But Bitcoin's fame had grown with it's price, and it had attracted the attention of the public. At the end of 2017, people went a little crazy. And the reason for it was Bitcoin. Watching at the rapid growth rate of the first cryptocurrency, people sold property, took loans and invested in digital gold, thereby increasing the market capitalization of it. The year of 2018, marked by a deep protracted downtrend, had brought many of these cryptoinvestors frustration and huge financial losses. Now the buzz around Bitcoin and other digital assets has subsided, and the cryptoindustry is beginning to acquire a legal field in a number of jurisdictions. And a lot of the crypto-enthusiasts are concerned with the same question, that did not find the answer to in the past 10 years.

Is Satoshi somewhere nearby?

Over the years that have passed since Nakamoto had disappeared from the network, many theories have accumulated conspiracy and versions of the origin of the creator of Bitcoin, and I spent a lot of time carefully studying them.
Here and there, new people who would claim themselves as Satoshi would appear. Some of them, such as the unfortunate Dorian Nakamoto in 2014, had become “Satoshi unwillingly” as a result of investigations conducted by nimble and nosy journalists. But there are other self-proclaimed “Creators” of the Great Chain, trying to earn their influence points on publicity. The most famous of the impostors is Craig Wright, an Australian entrepreneur with a doubtful past. However, Wright, like any other adventurers posing as Nakamoto, was doomed for failure and the loss of a good name in the eyes of the community.
In addition to it, there are other candidates for the role of anonymous genius. Gurus of programming and cryptography. Specialists involved in working on Bitcoin after the beginning of the network. The creators of other cryptocurrencies. For each of them there are a number of articles and materials that contain possible and not so versions of who is hiding under the name Satoshi Nakamoto.

Linguistic search for Nakamoto

Did you know, that there is such an interesting thing called stylometry. Linguists are using this method to identify relationships and stylistic similarities between the studied texts. A group of enthusiastic scientists from the University of Aston under the guidance of Dr. Jack Mane conducted a study called the Bitcoin Project, analyzing the similarities between white bitcoin paper and the texts of eleven man - the ones that are the best candidates for the role of the creator of bitcoin according to experts. The research results indicated an astounding amount of linguistic markers and similarities between the white paper of bitcoin and Nick Sabo's texts, the creator of smart contracts, and the concept called BitGold.
However, Sabo himself refuses to recognize himself as the creator of bitcoin, and he remains at his position. In addition to the Sabo, for the years of stylometric research a few more people had been quite similar to Satoshi in writing style and structure: Ian Grigg, Hal Finney, Wei Day Timothy May, Gavin Andresen. Poor Finney, who died in 2014 from severe disease, also came under suspicion because he lived not far from Dorian Nakamoto, who was mistakenly “exposed” and accepted by Newsweek correspondent Leah Goodman as the true Satoshi. During his lifetime Finny had clearly stated that he is not Nakamoto.
In 2011 Professor of Journalism Adam Penenberg for a few months studied the texts of Nakamoto. The analysis revealed a unique phrase - “Computationally impractical to reverse”, met, in addition to copies of texts by Satoshi only in one document - the patent application filed by Neal King, Charles Bray and Vladimir Oksman on August 15, 2008, 3 days before the registration of the domain The application described the operation of a peer-to-peer system based on cryptography. Penenberg stated, that the text analysis has shown a very strong similarity in style between those who have declared themselves on the net as Nakamoto and Neil King. And Neil King, of course had denied that he is Nakomoto.

However, invisibly, Satoshi is somewhere near...

According to scientists and experts who studied the texts of Satoshi Nakamoto, this person had to be fluent in english (and both British and American), have deep knowledge in mathematics, computer science, economics, sociology and several other disciplines. The name Satoshi Nakamoto has so many possible interpretations that can be related to blockchain and bitcoin, which makes it seem that it had rather “Artificial” appearance of the world. Was he the genius of his time? Maybe. But I am sure that this is, indeed, not one person, but a group of people who united their brilliant minds and ideas in the pursuit of a new, more fair and perfect world. These are people who do not seek glory and public recognition. These are the people who care. I believe that there had to be someone who was the root cause of this group, that had created a fictional Japanese name. Someone who is charismatic, ideological, someone able to light a spark in the hearts of future pioneers of decentralization. And he almost managed to convince everyone that he doesn't exist at all ... However, Satoshi is still somewhere near ...
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I found this interestig

Prior to the filing of the Bitcoin patent, were several similar filings:
Investigations into the real identity of Satoshi Nakamoto have been attempted by The New Yorker and Fast Company. Fast Company's investigation brought up circumstantial evidence that indicated a link between a encryption patent filed by Neal King, Vladimir Oksman and Charles Bry on August 15, 2008 and the domain name which was registered 72 hours later. The patent (#20100042841) contained networking and encryption technologies similar to bitcoin's. After textual analysis, the phrase "...computationally impractical to reverse." was found in both the patent application and bitcoin's whitepaper.[1] All three inventors explicitly denied being Satoshi Nakamoto.[17][18]
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Telegram Billion Dollar Refund, EY and Argentina Embrace ... The Cryptocurrency Portal - YouTube Bitcoin unter 7.000 USD! Sind die Futures Schuld? Bitcoin News Who Invented Bitcoin? - Truthloader БитКойн - Bitcoin - YouTube

Z1 Bitcoin News Bitcoin is having a terrible first quarter, in fact the worst its ever seen. The price of the concurrency has fallen from $13,412.44 on January 1 to $7,266.07 on March 30, marking a more than 45 percent … If you google “Vladimir Oksman bitcoin” you get a handful of results, including his LinkedIn profile, a patent application listing him as an inventor, and his resume. Yet “bitcoin” does not appear on any of these pages. When I checked cached versions of the first two results, it said, “These search terms are highlighted: vladimir oksman. If you google “Vladimir Oksman bitcoin” you get a handful of results, including his LinkedIn profile, a patent application listing him as an inventor, and his resume. Yet “bitcoin” does ... An article is doing the rounds that the pseudonym Satoshi Nakamoto could be associated with some people, including Charles Bry, Vladimir Oksman, and Neal King. These are the people who filed for a patent to secure communication just a couple of months before purchasing the domain. The following 10 characters have all been flagged as Bitcoin’s elusive creator ... Revolution; Search. News. Aug 23, 2020 . Search. Latest News ... – Neal King, Vladimir Oksman and Charles Bry ...

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Telegram Billion Dollar Refund, EY and Argentina Embrace ...

05:16 Market Review, as it relates to the news. 11:30 One Ether more than one Bitcoin? 14:52 Today's News: Russia + Ethereum. 22:45 What's going on in Russia? 29:27 "Russia Coin"! A Nationalized ... News Live Fashion Learning Spotlight 360° Video Browse channels Sign in to like videos, comment, and subscribe. ... Vladimir Putin’s thoughts on Bitcoin! (He gets it!) - Duration: 22 minutes. Thank Vladimir Putin? - Duration: 9:24. ... WHY BAKKT IS A GAME CHANGER FOR BITCOIN! [Cryptocurrency News] - Duration: 13:52. Altcoin Daily 17,806 views. 13:52. BITCOIN TO $1000? Best-selling author and former hedge fund manager James Altucher is not backing down from his $1-million-dollar bitcoin call that he boldly made back in 2017... Vladimir Putin’s thoughts on Bitcoin! (He gets it!) Narrated by The #Cryptocurrency Portal on Sunday May 3rd, 2020 We send out daily up-dates about Bitcoin & the Cryptocurrency space. Sign up ...