Who the FCUK is Satoshi Nakamoto
Sep 20, 2017 Posted / 8613 Views
Blockchain, bitcoins and cryptocurrencies all have become such a hype and trend among the masses. It's the intriguing factor which has led many people to invest in it and gain profit as well. It seems that these technologies have landed from some kind of Sci-Fi book straight away and are taking the financial market by storm, thus leading to a revolution in the economies of countries.
Bitcoins have become so popular that from common man to celebrities everybody wants to invest in it and are regularly doing that as well. The first distributed blockchain was conceptualized by Satoshi Nakamoto in 2008 and implemented the following year as a main element of the digital currency bitcoin, where it acts as the public ledger for all transactions. Like there is no physical appearance of bitcoins, not much is known about Satoshi Nakamoto.
Despite the fact that we may not know who he, they or she was or is, but we definitely we know what he did. Satoshi Nakamoto was the creator of the bitcoin protocol; issuing a paper by means of the Cryptography Mailing List in the November 2008. He then released the initial edition of the bitcoin software client in 2009, and took part with others on the project by means of mailing lists, until he finally began to become lighter from the community toward the end of 2010. Nakamoto worked with people on the open-source groups, but took concern in no way to disclose anything personal about himself, and the last that anyone heard from him was in the spring of 2011, when he said that he had “moved on to other things”.
These things would all be relevant to the person who founded a movement by designing a smart algorithm. The difficulty, certainly, is that each word has numerous probable meanings. It can’t be known certainly whether he was Japanese or not. Actually, it’s somewhat insolent to assume that he was in fact a ‘he’. Nobody knows what Satoshi is up to, but one of the last emails he sent to a software developer, which was dated April 23 2011, had said “I’ve moved on to other things. It’s in good hands with Gavin and everyone.” People have deduced his name as meaning central intelligence, but people will see no matter what they want to see. The apparent query would be why one of the 3 letter agencies would be paying attention in making a cryptocurrency that would consequently be used as an unidentified trading mechanism, giving the senators and the FBI similar to wring their hands about possible terrorism and other criminal activities.
Not much is known about the bitcoin inventor, but surely what he has done and invented is an extra ordinary thing. The mystery will always remain about his identity and the question is prevalent that why he chose to remain anonymous. But furthermore, it was smart of him to make use of a false name, he disagrees and for the reason that it forced people to focus on the technology itself rather than on the character behind it. When all's said and done, bitcoin is now far bigger than Satoshi Nakamoto himself, whoever and wherever he is.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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