- Bitcoin is a very fascinating phenomenon.
The story of how Bitcoin came to be
is even more fascinating because to this day,
people are still guessing
who the real creator of Bitcoin is.
There's many speculations out there
and today, we're gonna break down our research on this.
So let's talk about it.
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As Bitcoin grows in popularity every year,
more people are trying to figure out who created it.
If you've ever done a quick Google search
on the creator of Bitcoin,
then you probably came across the name Satoshi Nakamoto.
It's said that Satoshi Nakamoto created Bitcoin in 2008
during the global financial crisis.
He then anonymously announced
the release of it in early 2009,
and then poof, disappeared.
You may be wondering,
why would someone create something so great
and not want to take any credit for it?
Well, since digital cryptography
completely removes third parties from the equation,
a.k.a. banks or the government, it was seen as a threat
and there's no way of tracking transactions
that are done exclusively between a sender and a recipient.
Many developers in the past
that have tried digital cryptography
have risked serious consequences,
like getting sued or even jail time.
In April 2011, Satoshi Nakamoto sent his final email
to his fellow developer saying,
"I've moved on to other things.
It's in good hands with Gavin and everyone."
Since then, no one has heard from Satoshi Nakamoto
or been able to track him down.
There's some people that have come forward
and confessed that they are indeed the Satoshi Nakamoto.
But at this point,
with the amount of attention that the subject gets,
if you say that you're Satoshi Nakamoto,
then you're probably not Satoshi Nakamoto.
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- However, over the years,
there have been a couple candidates
that have seemed fitting.
In 2014, Dorian Nakamoto,
a Japanese-American physicist and engineer,
was suspected to be the creator of Bitcoin
simply because of his last name.
When he started getting crazy attention from the media,
he claimed that he had never even heard of Bitcoin before
and if he was really the inventor of it,
he wouldn't be using his legal name.
Great point.
However, that brings me to the next possible candidate,
and that would be Hal Finney.
Hal Finney was a cryptographer
and actually worked with the mysterious Satoshi Nakamoto.
Aside from Satoshi,
Hal was the first to start mining Bitcoin,
and received the first Bitcoin transaction.
But that's not all,
he also lived a few blocks down the road
from Dorian Nakamoto.
What are the chances that the two prime suspects
lived down the road from each other?
The tea is hot.
Hal Finney was a cypherpunk.
Cypherpunks believed in privacy
and limiting the government's role in economic interactions.
Since he believed in this,
it would make sense why people would suspect him
to be the creator of something like Bitcoin.
Because he had been an active cypherpunk since the 90s,
he was heavily considered as a candidate
when it came to figuring out who Satoshi Nakamoto was.
In 2009, he was diagnosed with ALS
and in 2011 he retired,
which was also the same year
that Satoshi Nakamoto sent his final email
and then vanished.
It's very interesting how the years line up here
with his retirement and Satoshi's final email.
In 2014, he passed away
and even right before his passing,
he still denied that he was Satoshi Nakamoto.
Something to know is that the creator of Bitcoin
owns 1 million coins
that have never moved from his digital wallet.
Some believe that Satoshi is just super disciplined
and hasn't touched those coins
while others believe
that the coins died with Hal Finney in 2014,
and that's why they haven't moved.
If Hal Finney was actually Satoshi Nakamoto
and invented Bitcoin,
then he had to have created a master plan early on
to remain anonymous for the remainder of his life.
That master plan being
emailing himself from the very beginning
to make it seem like he was working with another developer.
It would also make sense
why he received the first transaction of Bitcoin,
most likely because he needed to test the system.
Whether Hal Finney is Satoshi Nakamoto or not,
there's no denying that his incredible work
will live on forever,
and he will definitely be remembered
for his contribution to Bitcoin.
The world of cryptocurrency
is still unfolding in front of our eyes
and there's a lot more that has yet to be discovered.
If you like to keep up with these kinds of things,
then make sure to click that link in the description box
because HubSpot has compiled a complete guide
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but also help you manage all of this information.
Do you have any guesses
on who you think Satoshi Nakamoto is?
Leave us a comment and let us know your thoughts.
Thank you guys so much for watching,
and I'll see you next time.
Bye.
Try digital cryptography have risks...
That have tried...
Oh my gosh.
(upbeat music)