Satoshi Nakamoto A lot of ups and downs have come in the way of Bitcoin since the time it was first created in the year 2009

1. A lot of ups and downs have come in the way of Bitcoin since the time it was first
created in the year 2009. This famous cryptocurrency has not just crossed the
worth of $10,000 rather $11,000 level has also been crossed, which is a history in
itself. However, this famous digital currency has a story full of mysteries. The first
mystery which remains unresolved is:
Who is the creator of this currency?
The second mystery is whether the creator is a single person or some group?
The next and most important mystery is who is Satoshi Nakamoto?
The mystery revolves around an Australian Doctor right from Japan to Temple
City in California. An alone person or group of people can not disclose their
identity till the right time come. Often people say he was born in Japan in 1975.
Satoshi Nakamoto is a name behind Bitcoin Blockchain. The Problem of double
spending was the main concern when Bitcoin was planned and implemented.
Bitcoin is an innovation and may be an answer to the traditional economic
system.

2. Satoshi Nakamoto published a mailing list at metzdowd.com in October 2008 describing
bitcoin digital currency. In January 2009 Nakamoto introduced a basic version 0.1 of Bitcoin
software on Sourceforge. Bitcoin is a crypto form of currency and first innovation based on
the peer-to-peer electronic cash system. Nakamoto Initiated the coding work in the year
2007 and continued its advancement till 2010 mid.
The objective of Nakamoto was to implement a simple and safe solution that is why he used a
Predicative script which helped him to maintain smoothness in the entire process. In 2010
Nakamoto created a website called bitcoin.org in order to collaborate with developers on
bitcoin software.
In the mid of 2010, Satoshi Nakamoto transferred the code repository to Gavin Anderson and
other bitcoin community members. He handed over the control and stopped his
involvement in the project. Till Dec 2017, Satoshi Nakamoto was 44th richest person with the
worth of 19 Billion USD. There are four names which emerged as a guess and till date identity
of Satoshi Nakamoto is not disclosed to the world.
•Nick Szabo,
•Dorian Nakamoto,
•Hal Finey and
•Craig Steven Wright
are the names often taken but still the Real man behind the concept is missing with
deliberate intention. These are not just the 4 names which are in doubt rather there is a list
of almost 13 people who are under the suspicion.

3. There are a few characteristics of the unknown creator of Bitcoin, which are enlisted below:
Perhaps an individual or a group
Perhaps a British
Perhaps a big Genius
Perhaps a fluent English Speaker
1) Perhaps an individual or a group:
As we are not sure whether the creator is a single person or a group of people, if the creator is a male
or a female, thus the subject to be used cannot be defined. Should we call the creator “he”/ “she” /
“they” remains a mystery in itself? He is:
2) Perhaps a British:
In the United Kingdom Math is called “Maths” and the word “Flat” is used as the synonym of an
apartment. These British English words were found used in the official messages left by Satoshi
Nakamoto. Based on this judgment it is perceived that he might belong to the UK. Also when the
timings of the release of his posts were checked that also matched the daytime hours of United
Kingdom.

4. Why is Satoshi Nakamoto Anonymous?
 There are perhaps a few reasons for which the inventor chose to remain anonymous.
 The very first reason for that matter is to maintain the decentralized nature of the
currency. In one of the writings released by Nakamoto, he said that “What is needed is
an electronic payment system based on cryptographic proof instead of trust, allowing
any two willing parties to transact directly with each other without the need for a trusted
third party.” Thus he doesn’t want any one person to boss the currency.
 Another good reason to avoid revealing the identity could be to stay away from any legal
matters. By staying anonymous no one could approach the inventor, Satoshi Nakamoto
and blame or arrest him/her/them in any case.
 In past, there had been several incidents where the inventors of some revolutionary
currencies were put into trouble due to their inventions by the governments. They were
even put behind the bars.
 Thus, the step to remain unknown to the world is very calculative and a safe game. In the
year 2011, i.e. after two years of release of Bitcoin Satoshi Nakamoto got disappeared
from the internet, and gave no warning regarding his disappearance. He ceased all the
medium of his communication with the world. He simply wrote to some developer who
was his fellow that “Moved on to other things”. These were the words in an e-mail which
clearly proved his disappearance.

5. Meaning of the Name “Satoshi Nakamoto”
If we try to understand the meaning of the name
“Satoshi Nakamoto”; “Satoshi” stands for wise or clear
thinking, whereas, “Naka” says a relationship or inside
and “moto” means foundation or origin. All these
words definitely co-inside with each other and can be
used for a genius who invented such a huge revolution.
Each word in itself shows the grandeur of this whole
movement in the digital world. However, the meaning
doesn’t reveal whether the inventor is an individual or
a group.

6. Conclusion
 People are still in search of this genius in hope to know his real
identity. He may or may not come up front and disclose himself
due to various legal and other security issues as discussed
formerly. But one thing is sure that he would never harm the
integrity of this whole network. Moreover, once he has left the
control in hands of public and miners the chances that he has
any control over the technology of Bitcoin to exploit it is zero. He
developed the system as an answer to the corrupt system which
shows his pious intentions behind the whole creation.
 Satoshi Nakamoto possesses 600 million dollars of bitcoins, and
till date, none of them has been spent. This shows that money
or profit-making was never his aim behind the development of
Bitcoin. He had the complete liberty of entering into the
exchange but didn’t initiate any such trade for money.

7.  Who is Satoshi Nakamoto is the mystery which will remain
unresolved until and unless the real Satoshi Nakamoto doesn’t come
up by himself to unveil the truth? Until that time the whole team
of Cryptocurrency miners and developers is taking very good care of
the whole network of Cryptocurrency set by him.
 Satoshi Nakamoto has brought a huge change in the global economy
without showing his face or telling his identity. He has not given an
open speech, didn’t attend any conference, didn’t show his face but
has still successfully guided the world with a currency whose worth
is not decided by the governments or banks but is rather a currency
of people. This currency is “currency of the people, for the people
and by the people”. The worth of all the cryptocurrencies, including
Bitcoin and Altcoins, is decided by the demand and supply in the
market.
 He must be in some corner of the world observing the whole new
trend started by him and how the 1400 other cryptocurrencies are
revolutionizing the whole world’s economy. He must be praising
himself for such a great invention and must be proud of himself. We
hope to see the real Satoshi Nakamoto, but definitely safe and
sound, without putting him into any troubles.