The creator of bitcoin (BTC), Satoshi Nakamoto, said goodbye to the cryptocurrency community in a farewell message exactly ten years ago today: I’ve moved on.
Over the years, bitcoin has grown from an obscure and esoteric project to a multi-billion dollar financial asset that is attracting the attention of governments, financial institutions, corporations and investors. Despite dozens of plausible theories, Nakamoto’s identity remains elusive and his stock, estimated at 1 million BTC, remains secret.
At the current BTC price of about $54,000, Nakamoto’s estimated net worth is about $54 billion. As Cointelegraph recently speculated, a BTC price of $182,000 – which many cryptocurrency enthusiasts believe is likely – would make Nakamoto the richest man in the world. The price of bitcoin peaked at more than $64,000 earlier this month, before heading downward.
The Nakamoto mystery was the subject of a March 2021 interview with Dustin in Cointelegraph Brasil. D. Trammell, one of the first programmers to exploit digital currency. In this interview, Trammell suggested that it is unlikely that Nakamoto worked on an electronic caching protocol before bitcoin, because they were not biased when the new technology was introduced.
In retrospect, Satoshi seems to have wanted to solve a social rather than a technical problem. The systemic problem of the outdated financial system. At the time, however, people were very focused on technology, so some philosophical points were overlooked or downplayed by those who did not pay enough attention.
While bitcoin has yet to deliver on all the promises Nakamoto made in his 2008 white paper, its tried-and-true monetary policies have made it an attractive store of value. Currently, the narrative that bitcoin is immutable digital gold is resonating with mainstream investors.
It’s unclear if Satoshi Nakamoto will ever resurface – or even if he’s still alive – but the cryptocurrency community has resigned itself to the founder’s anonymity. Nakamoto’s work set the stage for the widespread adoption of blockchain technology in a new spirit of decentralization. This idea was recently featured in the Top 100 Coins, where the most influential person in the crypto world is anyone who contributes to a more decentralized world :
In these networks, in which we often participate under a pseudonym, we see an opportunity to give back something of what we have lost to increasingly centralized organizations that collect our data, violate our privacy, dictate the conditions under which we can exchange value, and determine the amount of financial risk we must take.
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