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Satoshi Nakamoto: An unmissable personnality
Everyone is curious to know the identity of the creator of Bitcoin, which is one of the greatest mysteries of the modern world. However, unfortunately for the curious as the inventor of Bitcoin disappeared from the scene sometime after his invention and the last post left on a specialized forum was in December 2010. A message left to the embryonic team in charge of Bitcoin's development: 'I've moved on to other things, I probably won't be around in the future'. There you go, thank you Sat'!
For those of you who have never heard of him; in an attempt to hide his real name, Satoshi Nakamoto is by the way an alias used by the person or entity that created Bitcoin. However, according to a website of the P2P Foundation, an NGO that promotes the democratization of peer-to-peer services, Nakamoto claims to live in Japan and to have been born on April 5, 1975. Satoshi means in Japanese: 'quick-witted, the wise one'; Naka, inside; Moto, the origin. Everything suggests that the pseudonym has been thought out by a person of Japanese origin. The fact that he is Japanese, however, remains a speculation because his white paper was in English and his messages were mainly posted during working hours on the American west coast.
In October 2008, Satoshi Nakamoto published the famous 'Bitcoin White Paper' on an obscure mailing list of cypherpunks and cryptographers in an attempt to solve the problem of double spending for a decentralized digital currency. In January 2009, he released version 0.1 of the source code and launched the cryptocurrency by exploiting the genesis block. The founder continued working on the software project for about a year and a half before retiring from active development.
10 years later, it seemed to be one of the rebels of the Tech. Oddly enough, the opportunity presented itself just a short time after the halving had passed.
Was it really Nakamoto?
Wait a minute! Although so far Bitcoin rhymes with Satoshi, there is no evidence that it really is a wallet belonging to the creator of Bitcoin.
No one was expecting such a statement. On the afternoon of Wednesday 20May 2020, Whale Alert, a Twitter account reported large transfers of Bitcoin and stated that 40 BTCs had been transferred from a portfolio potentially belonging to Satoshi Nakamoto to an unknown wallet.
The pieces of this transaction were extracted within the first month of Bitcoin's existence,' said Whale Alert.
However, it cannot be denied that it is unusual for a portfolio to suddenly move bitcoin as more and more Bitcoin investors begin to hold long-term securities. But so far, only the fact that the pieces were mined in 2009, and inactive shows that could link them to Nakamoto.
In addition, there is evidence of Patoshi's model. By the way, the first blocks that Bitcoin's creator mined can be identified by a data record called 'nonce'. According to a coindesk source, in an interview with Casa's CEO, Jameson Lopp:
'It appears that these parts do not match the Patoshi model. The block from which they were extracted had an additional nuncio of 477. A block mined according to the Patoshi model at this height should have an extra Nunce of more than 2,367'.
He added:
“Could be a million possible reasons. Maybe someone found a lost hard drive. Maybe someone needed to make a super-private transaction, so they used freshly mined coins. Maybe it’s just someone diversifying their assets.”
'Nic Carter, co-founder of Coinmetrics, said..:
'It is fundamentally impossible to prove that Satoshi did not extract these pieces, but the best research we have suggests that Satoshi did extract a specific set of blocks, of which this is not one.'
A 7% drop in one hour
A sudden drop occurred as cryptocurrency traders turned on Twitter and were made aware of this strange transaction. Bitcoin's price first dropped from around $9,900 to $9,300 when the market first reacted to the transaction. The price dropped to around $9,500 at 5:15pm UTC from $9,788 on Tuesday. However, as new information on the intricacies of the transaction was uncovered, the probability that the shipper was Satoshi decreased. Shortly thereafter, the price of Bitcoin recovered.
Wednesday's fall was most pronounced on the Luxembourg Bitstamp exchange, where the price of 1 BTC lost 7% in one hour. This hourly drop was the largest since May 10, when a brief outage on Coinbase caused the price of Bitcoin to drop 10% in 30 minutes.
In any case, it wasn't Craig Wright
Craig Wright is an Australian entrepreneur who claims to be Satoshi Nakamoto. Despite the fact that there are several characters who have all been pointed out as the elusive creator of Bitcoin because of their similarities to the digital mystery man, Wright is the one who dares to shout the being. For the past four years or so, he has been claiming to be Satoshi Nakamoto. He's even had quite a few court cases because of this assertion.
However, Craig Wright has denied transferring 50 Bitcoin from one of the 'Satoshi' accounts he claimed in court as his own, leaving him in a legal dilemma.
According to cointelegraph, Calvin Ayre, the billionaire benefactor of Bitcoin SV, revealed that Satoshi's plaintiff, Craig Wright, denied having moved 50 BTC from a long inaccessible address that some believe belongs to the founder of Bitcoin.
But in a Twitter response to Blockstream's Adam Back, Ayre said it had nothing to do with Wright:
It wasn't Satoshi, I just talked to him and Craig confirmed that it wasn't him.
Written by Laetisia Harson Project Manager @ Magna Numeris
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