Bitcoin, popularly called the king of the market was born 31st October 2008 when its white paper was released by a person/group of persons/organization/entity that prefers to go by the name Satoshi Nakamoto(SN).
11 years down the line , this crypto currency that runs on the decentralized Bitcoin Blockchain network has grown in popularity, snapping an easy market share of around ~$162 Billion out of the total crypto market cap of ~$241Billion. Apart from it being used as medium of exchange, it is already being used as a store of value and unit of account in some quarters. How on earth is this possible for a project that never had a VC fundraising session or a known Founder? This has sought of made the fight for who the founder of Bitcoin is a contest recently.
Craig Wright, David Kleiman, this names strike a chord right? The closest anyone has come in proving to be Satoshi Nakamoto is seen in the case filed by Craig Wright, which has supposedly earned him the name father of Bitcoin.
Wright an Australian computer scientist and businessman hasn’t only gone ahead to register the Bitcoin whitepaper in his own name and saying he has evidence of the private keys that gives him access to control the over 1 million Bitcoin locked in the tulip trust , he also takes the position of SN on different social media platform.
His evidences are strong enough to make him win any case in this fight except for the counter evidence raised by Ira Kleiman – the brother of late David Kleiman, who was believed to have had strong influence on the paper works that led to the birth of Bitcoin and probably may be the real founder.
It’s not obvious who’s actually on the right side, but what’s obvious is that there’s been quite a lot of document falsification between when Bitcoin was born and now which makes tracing the identity of Satoshi Nakamoto more difficult.
While the puzzle is yet to be solved, with the prolonged bear market, the crypto community doesn’t seem to really care anymore who is eventually named Satoshi Nakamoto.
Why is this so you may ask ?
The Blockchain technology has grown beyond a name now with the rapidly changing cryptosphere and better ways of doing things. All thanks for the insight into the power of Blockchain Technology from the unknown Satoshi Nakamoto.
Adoption of Bitcoin globally is said to be about 1% of the world’s population. While the world is still waking up to the potential that the application of blockchain technology like bitcoin brings to the market place, the identity of Satoshi Nakamoto still remains a mystery yet to be unraveled. How long do we wait before this is known? 10,50, 100 years or forever? The name sounds Asian, but the Asians aren’t even claiming the identity as much as people from other continents. If it’s never identified, then I’ll suggest it is added to the world’s list of most kept secrets.