The shadowy Bitcoin creator: Japanese scientist or Australian entrepreneur?

Article by
[juiz_sps buttons="facebook, twitter, google, linkedin, pinterest, reddit"]

Satoshi Nakamoto. The mysterious and shadowy Asian name that we are bombed with upon the creation of Bitcoin.

Many people believe it was a Japanese scientist, others say that it was an Australian entrepreneur, Craig Wright, who created the very first digital currency. Who is right?

As the entrepreneur who claims to be the Bitcoin creator revealed himself to the public, he saved the years-long search for the inventor. in the interview for BBC, Wright thanked all who helped in the beginning of Bitcoin:

“I have been staring at my screen for hours, but I cannot summon the words to express the depth of my gratitude to those that have supported the bitcoin project from its inception — too many names to list. You have dedicated vast swathes of your time, committed your gifts, sacrificed relationships and REM sleep for years to an open source project that could have come to nothing. And yet still you fought. This incredible community’s passion and intellect and perseverance has taken my small contribution and nurtured it, enhanced it, breathed life into it. You have given the world a great gift. Thank you,” Wright wrote.

Long history made short. Who else?

The presumed creator of Bitcoin did not reveal himself for long months.

Why was it so?

It is believed that he was conducting experiments before revealing it to others in 2009. According to the information provided, he was collaborating with numerous developers during that time, and has still remained mysterious. After years of cooperation, the creator, aka Satoshi Nakamoto, handed the leading position to Gavin Andersen. He then is believed to have ceased his involvement in the project (December 2010).

The Australian entrepreneur is not the only person who is supposedly the creator of the famous digital currency. If we believe what he states, there is an entire team behind the project.

There are three best-known Bitcoin Core maintainers: Wladimir J. van der Laan, Jonas Schnelli and Marco Falke.

This genius team is believed to have expanded in 2013 when Jonas Schnelli became another Bitcoin Core developer and the co-founder of a minimalist Bitcoin hardware wallet Digital Bitbox. He also created libbtc, a Bitcoin library written in C which is available for almost any OS.

Have you ever wondered what was the reason that Bitcoin was invented?

Various people share various opinions. There are quite a few very logical reasons that we would love to share with you.

First of all, the would-be founder of Bitcoin, stated that what we need was a peer-to-peer electronic cash system. According to him, it was the ultimate solution for all the problems that the society was facing.

What is more, he said that banks take society hostage every few years. When a financial crisis starts, banks need bailouts or the system will collapse. Creation of the digital currency that is not controlled by any central bank was a great solution to solve that issue.

Third reason seems to be trivial. When you look deeper, it quite makes sense. Years ago people used to pay each other for transactions in gold or silver. It was ok as long as it concerned goods of small value. Imagine paying for a luxurious villa with blocks of silver, can you? We can’t! Quite a hard nut to crack, huh? Cryptocurrency made the task easier. No heavy weight to lift, just a virtual transfer. As simple as that.

There are obviously many more reasons behind the creation of Bitcoin and other currencies.

Some people state that it should be illegal as it is the means of payment for crimes and terrorism.

What do you think were other reasons that the creator of the digital currency had on his mind?

We’re keen on reading your opinions, guys so don’t procrastinate and share your thoughts with us!

If you want to comment this article, visit our forum!

The site shall not be held responsible for any consequences resulting from the use of data contained in the pages of the site.