Rumors Persist Regarding the Identity of Bitcoin Inventor Nakamoto


A trial is currently underway in London, where an Australian man, Craig Wright, is facing allegations that he falsely claimed to be the creator of bitcoin. Wright, a computer scientist, has asserted that he is Satoshi Nakamoto, the pseudonymous individual who authored the groundbreaking white paper introducing the world to bitcoin in 2008. However, cryptocurrency activists have accused Wright of fabricating documents and disseminating falsehoods to support his claim.

Bitcoin, the world’s largest cryptocurrency, has experienced exponential growth in popularity and currently boasts a total market capitalization of $880 billion, as reported by the specialist website Coingecko. Yet the true identity of its creator remains a mystery. Satoshi Nakamoto disappeared from public view around 2011, leaving many unanswered questions and inspiring numerous theories about their true identity.

One early theory involved American developer and cryptographer Hal Finney, who received ten bitcoins from Satoshi as a test. The hypothesis that Finney was Nakamoto gained traction until a prominent blogger within the crypto community discredited it in October 2023. The blogger presented evidence indicating that Finney was participating in a race during a period when Nakamoto was actively engaged in email communications and conducting bitcoin transactions, effectively disproving the theory.

Another individual implicated in the origins of bitcoin is Dorian Nakamoto, a Japanese-American engineer. In 2014, Newsweek magazine published a report suggesting that Nakamoto was the mastermind behind the digital currency. However, shortly after the article’s release, Nakamoto publicly denied any involvement with bitcoin, proclaiming, “I am no longer involved in that, and I cannot discuss it. It’s been turned over to other people. They are in charge of it now.” Despite this statement, doubts about Nakamoto’s denials persisted.

In 2012, bitcoin’s mysterious creator claimed to be a 37-year-old living in Japan, according to an online profile. However, skeptics questioned this assertion, pointing out that Nakamoto exhibited excellent English skills and employed distinctly British idioms. One alternate candidate proposed by a blogger in 2013 was US computer scientist Nick Szabo, a pioneer of decentralized cryptocurrencies. However, industry experts maintain that there is insufficient concrete evidence to substantiate the claim that Szabo is Nakamoto.

The search for the true identity of Satoshi Nakamoto continues to captivate the cryptocurrency community. While several individuals have been linked to the creation of bitcoin, none have definitively proven themselves to be the enigmatic figure behind the groundbreaking digital currency. As the trial of Craig Wright unfolds, the debate over Nakamoto’s true identity persists, with no resolution in sight.

1. Source: Coherent Market Insights, Public sources, Desk research
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