Do you care who is Satosho Nakamoto and if is a he or a group of persons or it is the tech that matters the most?
4 Discussions

I respect "Satoshi Nakamoto's" right to remain anonymous. Since we don't know the reason for the anonymity it is not clear whether or not knowing who "Satoshi Nakamoto" is would be in our best interest.

There are a few facts that might help explain the anonymity behind bitcoin:

One thing that is clear from the original bitcoin client code is that "Satoshi Nakamoto" is a brilliant programmer. Most likely at the time of bitcoin's release "Satoshi Nakamoto" was employed as something such as a software engineer and had worked on bitcoin as a spare time hobby.

Another thing that is clearly demonstrated from "Satoshi Nakamoto's" original forum postings is that "Satoshi Nakamoto" fully intended for bitcoin to be open source.

If the assumptions that "Satoshi Nakamoto" was working in the software industry at the time of bitcoin's release and that "Satoshi Nakamoto" intended for bitcoin to be open source are both true; I believe the most likely reason for the pseudonym is that "Satoshi Nakamoto's" employment contract gave the employer of "Satoshi Nakamoto" first rights to claim bitcoin as the employer's intellectual property. The pseudonym allowed Satoshi Nakamoto to be employed while also not letting the employer claim bitcoin as proprietary.

What would happen if this scenario is true? What if someone doxed "satoshi Nakamoto's" true identity and "Satoshi Nakamoto's" employer at the time went to the courts to claim bitcoin belonged to the employer? Based on what the legal jurisdiction's contract laws are the employer could have a strong case and win all the rights to bitcoin software.

Then where would we be?

2 more replies

No, not really. At the end of the day, it's a person's achievements, in this case the blockchain technology that he released, that matters the most. 

Discovering the truth behind Satoshi Nakamoto will not really change anything. Blockchain technology will still be what it is today. The cryptocurrency markets will still behave the way it is behaving. And mass adoption of cryptocurrency is not likely to be affected if we knew who Satoshi Nakamoto is. 

Why? Because he, she, or they already did the most amazing thing--develop and release blockchain technology for all the world to use. He has already released his creation to the world, essentially giving up control and ownership of it. So, even if we find out who he is, it wouldn't really matter. It's his technology that matters.

To be clear, however, it would be nice to know who Satoshi Nakamoto is. The person or persons behind the name deserve our recognition and thanks. But whether that happens or not, doesn't really matter to me.

I'll give you an example. How many people know who Tim Berners-Lee is? How many people even care who he is? It's probably very few people. And yet, he invented a technology that every single person who goes online uses everyday. The Internet. So, within that context, you can see how very little the person matters, when compared to the technology he invented. 

To be honest, people are only asking and wondering who Satoshi Nakamoto is because he is an unknown. He created an air of mystery around him, which compelled the rest of the world to ask. But without this air of mystery, most people probably wouldn't even care or bother. 

That couldn't be said about blockchain technology, though. Because that's what really matters. 


Tim Berners Lee. https://en.wikipedia.org/wiki/Tim_Berners-Lee

Truth be told, I am honestly impressed on how Satoshi Nakamoto introduced Bitcoin and the Blockchain technology to the world.

One of the main reason why many people love the idea behind this revolutionizing technology is that it claims to be "decentralized". For it to be truly decentralized, it should be controlled by NO ONE.

By hiding behind the name Satoshi Nakamoto and giving up control of Bitcoin right after, Nakamoto managed to achieve this. If he had chosen to reveal himself from the beginning, I doubt it would really go down to what it is now.

Although it's evident that the technology is what really matters the most, the level of mysteriousness and anonymity done by Nakamoto was just the perfect strategy for the introduction of Bitcoin to the world.

                        You're right, it's technology that matters the most, also it doesn't matter if Satoshi Nakamoto a single person or a group of persons. But there is SOMETHING THAT REALLY MATTERS : Satoshi Nakamoto is the name who takes credits for inventing bitcoin and implementing the first bitcoin database also deploying the first decentralized digital currency on Earth ever. It's claimed that Satoshi Nakamoto was born on 5th April, 1975 in Japan. S/he practiced Digital Currencies, Computer Science & Cryptography. S/he made a new ecosystem with inventions that can earn a Nobel Prize easily. Commonly people steal others ideas/inventions for name & fame but he refuses to come out in light. This contradiction is not digestible.

What are the reasons that s/he don't want to come in front of people as the founder of Bitcoin and Blockchain?

Is bitcoin a scam?

Does it has any evil effects in future ?

To know the answer of these questions we've to find; Who is Satoshi Nakamoto or who is behind the Bitcoin & blockchain? Before we put our 100% believe on these. Some claimed that, Satoshi Nakamoto isn't a Japanese analysing some actions done by Satoshi Nakamoto. They also claimed that Nakamoto is a Britist Citizen.