Who created Bitcoin: the story of three people

Written by Anna Komashko
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Who created Bitcoin?


Bitcoin has already changed the entire financial system. More than ten years have passed, but we still have not found out who created it. Every day there are more and more versions of who it is. But whoever this person was, he introduced himself as Satoshi Nakamoto.

But nobody knows who created bitcoin. Therefore, in this article, we have collected all versions of a person under Satoshi Nakamoto’s name and we’ll try to find Satoshi Nakamoto’s true identity.

Who founded Bitcoin and published Bitcoin Whitepaper?

Who first published the description of Bitcoin, the so-called white paper, under the pseudonym Satoshi Nakamoto? Who is Bitcoin creator? Satoshi Nakamoto created the genesis block in the bitcoin blockchain and it was start of Bitcoin transactions.

And one more important point, Satoshi mined and owns more than 1 million coins, which are still in his wallets. And while the price of the Bitcoin cryptocurrency continues to excite the minds of millions, only a few are trying to understand who created this very Bitcoin. But there is not a single proven version that could shed light on this mystery. 

Could it be Dorian Nakamoto? 

At various times, journalists have thrown into the network “sensations” associated with the question “who is Bitcoin’s creator”. For example, in 2014, Newsweek magazine published an article about Japanese American Dorian Prentice Satoshi Nakamoto. He was 64 at the time and was a former engineer and developer in Temple City, California.

Newsweek journalists relied in their investigation on the fact that the Bitcoin white paper was written by a native speaker (this is a fact), and it is difficult to imagine that someone from a non-English-speaking country spoke English at this level.

Another fact said that Nakamoto is one person, not a group of persons. Bitcoin code was written in the same style, and this excluded teamwork. But Dorian Nakamoto denies any involvement.

The main “characteristic features” of Dorian Nakamoto were meekness and modesty: the elderly man did not admit that he was the bitcoin’s creator, and denied that he even had anything to do with cryptography, let alone cryptocurrencies.

Moreover, in conversations with reporters trying to find out at least something from him about the creation of bitcoin, he was not encouraged.

Could it be Craig Wright?

In 2015, Wired published an investigation into 44-year-old Australian Craig Wright. So naturally, they assumed that this man was the mysterious Satoshi Nakamoto. The publication received the first clues from an independent security specialist operating under the pseudonym Gwen Branwen.

In November, he handed over several documents to Wired, in which it was already possible to trace the connection between Nakamoto and Wright.

Craig Wright is a “serial entrepreneur” who has founded several companies in various business areas, from consulting to bitcoin banking. Back in August 2008, Wright mentioned in his blog the release of “cryptocurrency work” (three months before Satoshi Nakamoto published the first official document on bitcoin).

In November 2008, Wright posted on his blog a PGP encryption key that was associated with [email protected]. However, the postal address from which Satoshi Nakamoto released his work in the same month differed by only one letter – [email protected].

On January 10, Wright announced the imminent launch of the beta version of Bitcoin. It was launched on January 9, but the publication suggests that the time shift is caused by different time zones in the United States and Australia. The publication was subsequently deleted.

As The Guardian notes, the phrase “I’ve been involved with bitcoin since 2009” does not necessarily mean that Wright is the author of bitcoin: perhaps he just mined it in the early stages.

Could it be Nick Szabo?

Finally, there is a third person called Satoshi Nakamoto – Nick Szabo. In 2005, Nick published a description of the means of payment, which he called Bit Gold. Surprisingly, Nick started developing Bit Gold (by the way, very similar to Bitcoin) back in 1998.

Nick is an expert in computer science and cryptography, as well as law. Many call him the real Satoshi Nakamoto, but he denies everything. Some researchers write that there are no more people in the world who would have such a breadth of knowledge in these areas, like Nick Szabo.

Nick Szabo is undoubtedly one of the pioneers and an outstanding personality in the world of blockchain technology and decentralization. For example, he is the author of such a definition as a smart contract.

And although he denies his involvement in the creation of decentralized currency, indirectly, he influenced the formation of his idea.

It was Satoshi Nakamoto

So who invented Bitcoin software? There is one significant counter-argument against claims that one of the three is Satoshi Bitcoin Nakamoto. To some extent, they are all public people, and everyone can trace their activities from the very beginning.

Also, none of these people have the writing style used by Satoshi Nakamoto. And even if they were involved in the creation of digital currency, the idea itself was presented by someone else. Satoshi Nakamoto’s wallets are known. In total, Satoshi owns 1,125,000 BTC.

Add to this state all possible Bitcoin forks. It is difficult to imagine what effect even a tiny movement of funds on these wallets would have. If his identity is revealed, he will become an object of persecution by journalists, special services, and ordinary bandits who will look for easy money.

Also, could one Bitcoin have gained such popularity without being created by an anonymous developer Satoshi Nakamoto? This is a big question. That is why Satoshi Nakamoto keeps his anonymity and Bitcoin forums or Bitcoin community still haven’t revealed it.

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