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Frequent questions and answers Who is Satoshi Nakamoto?

Satoshi Nakamoto is the inventor of the Bitcoin cryptocurrency. What’s certain is that the name Satoshi Nakamoto is a pseudonym. But it is still unknown which person or group stands behind it. In 2008, he published the Bitcoin white paper and the first version of the Bitcoin core via an encrypted e-mail.

Which person or group of people hides behind this pseudonym is still unknown.
Which person or group of people hides behind this pseudonym is still unknown.

It is still unknown which person or group stands behind the pseudonym Satoshi Nakamoto. Satoshi Nakamoto thought about the Bitcoin system in meticulous detail. His code did not carry the signature of a conventional software engineer. According to an analysis, Satoshi Nakamoto is supposed to have mined many of the first blocks in the Bitcoin network. At the exchange rate at the time of the analysis, this corresponded to a value of more than 2 billion USD.

In 2009, Satoshi Nakamoto installed the first Bitcoin client. In the beginning, he worked on the project together with an open-source team and went to great lengths to remain anonymous. From then and until the end of 2010, he communicated with the growing Bitcoin community. Then he vanished from the community without a trace. He issued his last statement in the spring of 2011 with the words "I've moved on to other things."

Who knows Satoshi Nakamoto?

There are many theories about the identity of Satoshi Nakamoto. Some, including the New Yorker Joshua Davis, believe that Satoshi Nakamoto was a cryptography student at the Dublin Trinity College by the name of Michael Clear. He arrived at this theory by analyzing everything Nakamoto had written, more than 80,000 words, which he combed for linguistic hints. But it is not certain that his guess is correct. Before this, he had also suspected the Finnish economic sociologist and former game developer Vili Lehdonvirta. Both Lehdonvirta and Clear have publicly denied these claims.

Others claim that the inventor of Bitcoin could be Martii Malmi. Martii lives in Finland and had been involved in the development of Bitcoin from the beginning.

Adam Penenberg of FastCompany believes that it may be a collaboration of three persons: Charles Bry, Neal King and Vladimir Oksman. But all three suspects deny being Satoshi Nakamoto, even though Peneberg followed a whole series of digital traces that led him to a domain registration in Finland. However, the Bitcoin.org domain was registered on August 18, 2008 by an anonymous Japanese service provider. The domain was supposedly only transferred to Finland later. This also puts a dent in Peneberg's theory.

Another suspect is Jed McCaleb, who lives in Japan and at the same time is the founder of the Bitcoin exchange Mt. Gox and co-founder of the distributed payment systems Ripple and Stellar.

Jed McCaleb is one of the prime suspects. He is known as a lover of Japanese culture and lives in Japan. At the same time, he is the founder of the controversial Bitcoin exchange Mt. Gox and co-founder of the distributed payment systems Ripple and Stellar.

There is still a number of other suspects. As different as they may be, they have one thing in common: they all deny being the inventors of Bitcoin. So the identity of Satoshi Nakamoto is still uncertain.

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