Satoshi Nakamoto is the undisputed creator of Bitcoin, however, no one knows exactly who Satoshi Nakamoto is.
Bitcoin is already shrouded in mystery, only adding to that mystery is the fact that no one even knows who created it.
Well almost no one, there is at least one person or person's out there that knows and that is Satoshi himself.
Either way, the one thing we know for certain is that Satoshi owns 1 million bitcoins and those bitcoins are worth more than $5 billion at today's prices.
A little backstory...
Back in 2008 Satoshi showed up on technology message boards releasing his 9 page white paper touting his idea behind bitcoin.
At this time it wasn't anything more than an idea on paper.
However, in 2009, Satoshi made those ideas come to life when he put out the first bitcoin software. During this time Satoshi communicated back and forth with developers via email and on message boards working to improve his program
Then in 2011, he vanished.
His last message read:
"moved on to other things."
Then poof, no more messages, no more emails. He was gone forever.
At this point not even his core developers knew who he was or where he went.
Questions remain.
At this point, some even question whether he was a single person or possibly a group of people.
The name Satoshi Nakamoto was obviously a pseudo-name, but questions remain as to who that name actually represented.
Over the years several have come out publicly stating they are Satoshi, with none of them likely being the culprit.
There have even been rumors that bitcoin was a government project, though again none of that can be substantiated.
What we actually know...
Basically, besides the history listed above, we know that Satoshi (whoever he/she is) owns roughly 1 million bitcoins.
Those bitcoins haven't moved since they were put in their wallet.
At today's prices, those bitcoins are worth north of $5 billion USD.
The question everyone wants to know, besides who Satoshi is/was, is probably what he plans on doing with those bitcoins?
They represent roughly 5% of the total supply ever to exist of bitcoin.
Which, on a percentage basis, is a larger percentage of the total than the gold the United States owns as a percentage of its total.
(say that 5 times fast)
Now, after reading all of that, I'd like to share with all of you some breaking news...
I am Satoshi Nakamoto.
Just kidding.
Or am I?
Let me know your thoughts in the comments section below.
Stay informed my friends.
Sources:
Image Sources:
https://www.techpowerup.com/234971/on-cryptocoins-i-think-i-know-why-satoshi-nakamoto-hides
http://www.bitcoindaily.com/2014/03/12/bitcoin-community-reacts-to-satoshi-nakamoto-reveal/
https://www.it-decision.com/single-post/2017/06/27/What-is-so-special-with-SMS-API-intergration
Follow me: @jrcornel
There is no indication the person or people known as Satoshi mined those blocks or controlled those keys now or ever. You do not know that. It is simply your speculation.
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@sneak your observation is real, it is difficult to know if he is even a person. And if they own 1 million bitcoins, isn't that part of the total circulation of 21 million that will ever exist? If that is the case only 20 million in case this one million is lost in a parallel world. Upvoted. @gold84
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I believe his point is that it's all speculation that 'satoshi' even controls the keys to the referenced 1 million BTC. It's a lot of BTC that has never moved, but we don't know who, if anyone, actually has access to it.
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Thanks for the follow up @justinw. Upvoted your comment. @gold84
Your support is very welcomed too!
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@justinw one million bitcoins!!!!! that's a lot of money and the guy doesn't have to prove anything to anyone to claim them. If true, i think he deserves it. i think somebody has to make a movie or TV show about him, something like Mr Robot. i know i would like to watch it
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I agree.
We don't know the amount the creator of Bitcoin owns but it would be surprising if they didn't mine a huge amount and even more surprising to think they lost the keys to what they mine.
Not using those older wallet simply make sense even if it's just to let people entertain the thought nobody has access to these keys anymore.
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nice
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I agree but it still a mystery how much he own.......
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Actually his last message was "I am not Dorian Nakamoto" in 2014. The most likely person to be Satoshi Nakamoto is the late cryptographer Hall Finney. He received the first Bitcoin transaction and had the neighbor called Dorian Satoshi Nakamoto. If he wasn't Satoshi, he knew who was.
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If he really was the creator, and he is dead, I wonder who, if anyone, has access to those coins. Maybe some next of kin? Do they even know what it is? If it was lost or destroyed then that means for all intents and purposes there will only be 20M BTC ever available...
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You know, there are a lot of lost bitcoins, not just this possible milion. Quite a lot of people lost huge amounts on hard drives or usb flash drives in the early days. Some people just lost their private keys.
It is estimated that 4-5 mil BTC are already lost forever.
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Yea that makes sense, back then it wasn’t a big deal if you lost a bunch of BTC because they weren’t worth much. All even more reason that the price still has a lot of room to grow.
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Even if Finney was Satoshi, and even if he were still alive, there is no evidence that those blocks were mined by him, or that he preserved those keys even if he did mine them.
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I wonder how many BTC it would cost in the near future to be brought back to life?
"Hal Finney died in Phoenix August 28, 2014 and was cryopreserved by the Alcor Life Extension Foundation.[2][16][17]" wiki
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Brilliant reply and piece of information, thanks for sharing! Maybe we are one piece of the puzzle closer to solving the mystery!?! ;) Namaste :)
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Interesting. Was that confirmed to be from the same person/person's as the other previous interactions were?
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Satoshi Nakamoto is dead.
Imagine that: 5 billion that will never be spent.
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Satoshi Nakamoto is the nom de plume for the CIA operative that created Bitcoin. 😁
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@cryptographic 5 billion, or trillions? Upvoted. @gold84
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What ticks me off is that people will keep losing their private keys.
So more and more BTC adresses will become unreachable.
In 50 years their will be a lot of BTC just sitting in the blockchain but could never be accessed again.
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What about the dude who spilled soda on his laptop and fried his harddrive with 7500 BTC on it?
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Certainly helps keep the supply in check if that is true...
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Just a supposition on my part, but very plausible IMO.
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I agree. Pretty tough to leave $5 billion on the table, no matter how much you like your privacy.
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Five billion that didn’t cost him a cent. Withdrawing any of it would hurt his coin (and I’m sure his pre-mining wallet isn’t the only bitcoin Sat
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imagine , in some future , there will be pirates trying to find the lost bitcoins preserved in some hard disk, in some remote island. up voted @ cryptographic
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more like treasure hunters i would say.
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Thanks a lot for this extra piece of education on the mystery that seems to only deepen has time goes by.
The considerable amount of BTC this person own is astonishing and would probably be enough to keep this same person and the one knowing of her/his existence in full anonymity for a long time to come!?!
Namaste :)
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The market has already assumed that the 1 million bitcoins supposedly under his control are dead. If they were moved, not even sold, it would prove they were still active, immediately adding 1 million bitcoins to the assumed supply and the price would crash. Whilst he would never be poor, he could never sell for anywhere near $5 billion.
That’s the joy of blockchain. We know the history of each and every coin.
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The theory that Satoshi Nakamoto is a group of people is the most credible to me.
By the way, I love seeing unedited URLs. Thank you very much.
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Not sure if that last part is sarcasm or genuine?!
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Genuine.
Realy hate edited URLs.
Maybe for security reasons, which others will see as paranoia ...lol.
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I just like for people to at least be able to see the title of where it came from if nothing else... I feel like that also encourages people to actually check them out for themselves as well. Thanks for the kind words!
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We have these fishing sites lately, who try to get people's password by cloning Steemit.
So for me it's very important to see that when I click on a blog link. That I know that I will still be on the same site.
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Is it still completely untouched?
I always wondered what would happened if he sold of like half of it. Hell or any of it at all. Probably mayhem in the markets lol.
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It would crush the markets for a bit... $5 billion worth of selling at current prices...
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Yeah well the drop from his selloff would effect investors holdings I was thinking more of the fact that the creator of btc was “losing faith” or something. A 20% drop instantly in any coin would certainly not be the bottom of that crash lol
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The current market cap is $96 billion ( We have come a long way).
So just throwing $5 billion on the market would be really bad.
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It remains a cool aspect of the whole Bitcoin saga :) Also apart from 1M BTC, he has 1M BCH and 1M BCG !
In my opinion he must be dead. Still it's remarkable he remains unnamed. But ok whoever you are/were Satoshi : thanks !
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Daniel.Larimer.
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I heard about it long time ago!!! But not sure aboout it
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Dead?
Nope.
He is alive and well and is changing the future today, running Tesla, SpaceX, Gigafactory and most ironically, excitingly, The Boring Company!
Elon Musk is SATOSHI!
#finkleiseinhorn!
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Haha that last part is hilarious!
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Nope. Elon Musk is a shill living off the government teat. A no talent government suck up.
Not the Satoshi
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He should stand up and do something about all this forks ;)
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Yes! This ^
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All those clons are killing Bitcoin and Satoshi is the only one that could do something about it...
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Well if satoshi put out a memo with support this particular hardfork. Then he/she/them could pull a lot of people over.
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For a good amount of time, the world changed with rapid or exponential growth, now we have the biggest achievements in human history or do we?
Hu build pyramids and other ancient buildings
What is controlling the information
Why was JFK killed
Why is Obama saying that bitcoin is like a Swiss bank account
Why is Trump now on a bridge of war as Wants to disclose about this events.
is there a possibility that some aliens are trying to. help us without intervention? and they made us curious about freedom , they let us taste-in and then they just dissipated.
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Such a mystery. Do you think he destroyed the Bitcoin before he disappeared or is someone going to stumble upon a very valuable computer some day? I'm sure there will be a show about it some day "The hunt for Satoshi's coins".
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Satoshi Nakamoto had a brilliant idea and could point out that Btc has achieved the target for now.
but behind the success of Btc, there must be a hard effort.
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Great post.
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Remember reading that Satoshi Nakomoto, was attempted to be traced via when 'he/she' was awake, and online, and implying which time zone he/she was in. Can't remember what time zone was picked.
Loss of BTC or No Proof of Life for wallets - seems a flaw to me, and possibly a threat to the sustainability of any blockchain. Should wallets that have No Proof of Life or 'ping' at least once in a calendar year, be recycled by the miners?
1 million BTC untouched - being held by 'We' whoever these people are in the BTC White Paper (The English is very good in the White Paper). This might be another problem of mainstream adoption of BTC, resentment of the wealth and possible future centralised power of early adopters.
(Only started buying BTC at gold price parity, not a programmer, there is still a lot of work needed for a Crypto to go mainstream. Trust is not there for most people - I struggle to get aquaintances involved, despite BTC gain of x4 for most of my BTC...)
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I am sorry to inform you @jrcornel that if you were Satoshi Nakamoto you would not have made this post since you would have had 1 million Bitcoins idling.
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Satoshi Nakamto is a mystery wrapped in an enigma, wrapped in a mystery, wrapped in a genius.
Whomever is this person, he/she must stay hidden and anonymous, because the very unknown of the originator of bitcoin is what keeps the entire system operating and stable.
His/her bitcoin amount is the core against which all bitcoin is valued; therefore, cannot ever be spent. It is like the constellation Polaris (Pole Star) in the solar system; or the drummer in the band. It is the point from which all the other cryptocurrencies are measured. It sets the beat/pace of the other "instruments".
Satoshi Nakamoto has given us all a gift, for which we can never repay, that we can only be thankful.
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Either that, or he's given us the biggest mania to date.
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Yea to the mania!
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Satoshi MakaMONEY
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Whoever Satoshi is he deserves lifetime achievement award. Bitcoin has and will change my life forever.
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Might be possible that he owns all the un circulated bitcoins till yet. You cant even think of that what will happen if he does a FRAUD it will be the most terrifying nightmare to whole world
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Check out my latest post to see how to make free Bitcoin
https://steemit.com/bitcoin/@karanjain/how-to-earn-bitcoin-or-litecoin-or-dogecoin-or-for-free-without-mining
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If you were really Satoshi you would know that your million coins are worth over 6 billion, not just 5 billion.
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Well if you want to split hairs, and assuming he has exactly 1 million coins: $5,777,000,000 to be exact ;)
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You're leaving out the other coins he owns from the hard forks, it's well over 6 billion.
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Oh yes! Good point. I forgot about those. Bitcoin cash alone adds another $360 million or so.
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Nice read!
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Those first coins have never moved. I wonder if Satoshi controls the keys or not? 6 billion dollars!
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This post has received a 0.59 % upvote from @buildawhale thanks to: @jrcornel. Send at least 0.50 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
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I was only talking about this to a friend the other day.
Honestly sire the guy must be dead if it is just one guy.
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To leave that much money alone all this time... one has to wonder... at what point is it worth too much to not sell some if you are alive?
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Could he not have a second wallet and be living off that waiting for the right time? Many of people have kept BTC since early days waiting for bitcoin to dominate?
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You know I had a mad theory about this.
Imagine the Govt just decided to buy a huge amount of Bitcoin. I mean they could just print the money right?
Anyway, if the Govt, or anyone, owned so much of Bitcoin, then presumably they would have some influence/power over the price.
But all Satoshi would have to do to destroy that hold, woul be to dump his bitcoin onto the market, the price would fall dramatically, and the Govt, or whoever, would lose a fortune. As long a satoshi´s Bitcoin is tied up, this would always be a threat.
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I like this theory. Maybe it was part of his original plan?
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If it wasn't Hal Finney, it was Nick Szabo. That's my theory anyway. It's for the best if nobody ever knows, both because it's more badass as a story and because it keeps everybody more safe.
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If you could met him some day, what would you ask him?
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Very informative article about the history of Bitcoin cryptocurrency..!!
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Suspense legend
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Will the real Satoshi please stand up? :)
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Ok... I'll own up. I've just been waiting for someone to say "please"...
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Be proud to be out of your mind and out of control and one more time...
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If ya'll want a strong investment plan visit https://bitpetite.com/?aff=kipparinga (bitpetite) Its a bittumbler that privatizes btc transactions using other currencies. You as an investor get paid dividends from fees they charge people to use their service.
You can invest your BTC, ETH, LTC and or XMR into bitpetite for either;
6 weeks - 4.5% daily and 1 % on weekends. Total return - 147% (47%, 100% being your original investment)
9 weeks - 3.6% daily 1% on weekends. Total return - 180% (80%, 100% being your original investment)
They recently updated their server to allow almost instantaneous withdrawals - you get paid hourly through dividends and can withdraw on demand. (within the minimum amount which is less than 5 dollars)
I would deem it low - medium risk as of now -
Good luck and happy investing :
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I was so drawn in and focused until you said you're Satoshi Nakamoto lol, then I lost it. It's pretty amazing to think of where he or she is now. Have they passed away & don't know the full extent of what they have created? Absolute genius whoever it is (you) - Gonna be looking at you suspiciously forever now...
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Congratulations @jrcornel, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 18 and the total pending payments to posts in these categories was $832.64. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
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I was reading wayyy back on some hackers forums, that:
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Lovely... Maybe he was killed
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I am still wondering wheather it is a Hoax or some speculators playing the game.
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i Am :D hahaha :D
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I think it was a group of people. Bitcoin and blockchain technology is too complicated for one person to create.
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1.The keys are definitely owned by their creator/creators.
3.Perhaps when the total supply of bitcoin reaches its cap they will use these 1 million coins to keep paying miners. By then the price of 1 bitcoin will be around $500,000-$1,000,000. So with the increasing difficulty these million bitcoins can payout a lot of miners
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thank you for this informition
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To me, the real Satoshi Nakamoto (whoever he/she is/are) deserve all the rewards and credits. This is really a game changer.
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Hey jrcornel,
Thanks for sharing
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I think Satoshi lost the private keys to those wallets early on and doesn't want to lose face by having to explain that to people if he was publicly known.
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Rolling Out Legal Weed Comes With a High Price Tag for Canada $546 million
33 minutes ago
g8418 25 in news
Enforcing Canada’s new legalized marijuana comes with a high price tag.
The federal government will spend C$546 million ($426 million) over the next five years to implement its new cannabis laws, according to the latest budget forecast. Agencies such as Heath Canada and the Royal Canadian Mounted Police will receive a portion of the funds to license, inspect and enforce the new rules. A “cost recovery scheme” will also be implemented to reduce the overall spending on the initiative, according to the document.
The country is aiming to legalize recreational pot before next July, and would be the first major economy to do so. The plan has led to ballooning values in Canada’s nascent marijuana industry, with Can accord Genuity Group Inc. estimating sales could reach C$6 billion annually by 2021. While the federal government will regulate the production of marijuana, Canada’s provinces will set up sales and distribution regimes. Prime Minister Justin Trudeau has proposed a tax of C$1 per gram on sales of marijuana, with the money being split between the federal and provincial governments.
source: https://www.bloomberg.com/news/articles/2017-10-26/rolling-out-legal-weed-comes-with-a-high-price-tag-for-canada
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Nice
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Congratulations @jrcornel!
Your post was mentioned in the hit parade in the following category:
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As far as I understand it the most common theory and the one that seems the most believable when you look at all the evidence is that Nick Szabo is Satoshi and Hal Finney helped him code the blockchain. So it's either those two together or a small group around those two.
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Good post
@mayabegum
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Congratulations @jrcornel! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
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I've read that SN could never touch his BTC because they would definitely be able to trace him. I also read that with quantum computing the US government already knows who he is. They were able to take all the known emails he wrote as well as the white paper and feed that into a program to create writing signatures. These signature keys were then matched up against all the massive email data and other data the NSA has collected the world over from Yahoo, Google, Amazon etc etc. So if he has had any presence on the internet after he disappeared then he most definitely has been identified. Since quantum computing is still a guarded secret they do not want to reveal this information. It is likened to the Manhattan project. The world didn't know we had an atom bomb until we devastated Hiroshima and Nagasaki.
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That is interesting. I think I remember seeing something about this on a documentary somewhere... That could be the reason, or perhaps he works for them. ;)
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Ha ha... maybe he went rogue!
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If he decides to sell them now, that will start a snow ball, price is goign to crash.
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Could be interesting if he comes back giving his plan to improve the bitcoin network’s scalability issue, I am tired of forks and FUD.
As concerns his BTC...he could redistribute them again someway in the network among users, as he mined those coins alone which is against all of the decentralized vision, I don’t think he is going to spend or sell them anyways.
But likely they will die in his hard drive.
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What does that say about a currency with so many dead coins?
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Awesome post
Like it
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cool
@rifatkhan
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Earn your first 0.002 BITCOIN = 10$
Just sign up and earn 50 UTN = 10$
EASY TO SIGN UP!
LINK https://check.universa.io/-bVLkzz
LINK https://check.universa.io/-bVLkzz
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This is like answering who is John Galt or Who Killed Kennedy?
But you are right, that person(s) is very rich.
Perhaps when BTC goes to $50,000 a coin and that person is worth $500 Billion, he or she will be revealed.
Or perhaps not.
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What if Satoshi still had acces to the account, and were move the coins just to another adres. Not an exchange or anything, but just another random BTC adres.
Would that crash BTC?
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No the price would only go down from a holder selling coins on an exchange to the bidders.
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Crypto currencies are type of stuff that can make anyone millionaire, but just need us to be wise with how we go with things. I have recently invested on Cryptonetix, it is one of the MOST awaited ICOs right now with massive scope to gain from, so certainly the go to thing! http://cryptonetix.com
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thank you frands becouse to giv the informition
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Probably dead
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