Bitcoin: A Peer-to-Peer Electronic Cash System

Added on - 05 Apr 2021

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Who Satoshi Nakamoto could be and why?The identity of bitcoin's maker, Satoshi Nakamoto, remains one of the most enduring mysteries. Heis a guy about whom nothing is understood. His last contact with the network was in April 2011, twoyears after it was created. Beyond his role as a creator, Nakamoto is vital to the bitcoin community.He's kind of a philosophical figurehead for cryptocurrency advocates discussing the future ofbitcoin's development. Both sides of the tumultuous fork of Bitcoin Cash (which is itself a fork of theoriginal bitcoin blockchain) appeared to be upholding Nakamoto's original vision for the currency.Nakamoto's bitcoin wallets contain 980,000 bitcoin (approximately $6.2 billion as of March 2020).Given that only 21 million Bitcoins would ever be mined, Nakamoto's reserves may have a hugeimpact on Bitcoin's price if and when they are exchanged. Despite several attempts to track downNakamoto, he has remained elusive. Several persons have been suggested as Satoshi Nakamoto, butnone has been proved to be Satoshi Nakamoto beyond a fair doubt.Vili LehdonvirtaOne of the first to be proposed as Satoshi in a 2011 New Yorker post Due to Vili Lehdonvirta'sabsence of suspicion and therefore to his credibility, he feels more certain about solving the bitcoinmystery than anyone else currently working on it. That doesnEven if it is right, it will never beconsidered so. When asked by the New Yorker journalist, the 31-year-old Helsinki University ofTechnology researcher responded that he was unaware of encryption and had very poor skills in C++programming. Vili Lehdonvirt is now an Associate Professor and Senior Research Fellow of theOxford University, as well as a Fellow of the Alan Turing Institute, in an article recently titled “Bitcoinis not a currency.”Paul Le RouxSatoshi is the greatest badass of the twenty-first century, if Le Roux invented Bitcoin. You name it, LeRoux had a hand in it: encrypted tech production, cocaine smuggling, pharmaceuticals, guntrafficking, nation-building – and building Bitcoin would have been well beyond his reach andmegalomaniacal ambition.Le Roux was still dabbling in drug dealing, arms trafficking, and empire building when Satoshi wasmeticulously refining Bitcoin in 2009. It is doubtful that these diametrically opposite priorities mayhave coexisted. In addition, Satoshi's writings still come off as modest. Le Roux was a power-hungryjerk who kept on being addressed as "Boss." “Take one out and another literally slotted into place,”Le Roux's online pharmacy framework circa 2006 is represented as in “The Mastermind.” Thenetwork continued to hum.”’Gavin AndresenGavin Andres was hand-picked by Satoshi to take over as the Bitcoin lead developer in 2010. Thiswould be a pretty fast and painless way for Satoshi to leave without having to go out of the room. Inaddition, one stylometry review finds that Anden's writing most resembles Satoshi. In 2016, Andenbecame the first of those to be hoodwinked by Craig Wright. Either Andres was naive or he wasstrategically playing with his alias to get farther away from us.Gavin Andres is credited with having developed the first bitcoin faucet in 2010. Anyone who visitedthe platform and solved a captcha was rewarded 5 BTC.Hal Finney
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