Key Takeaways

Who is Satoshi Nakamoto? Satoshi Nakamoto is the pseudonym behind the development of Bitcoin and the authorship of the original Bitcoin whitepaper. The question around the famous creator of Bitcoin has led to speculation of their true identity as well as people falsely claiming they are Satoshi Nakamoto.

The creator of Bitcoin has been clouded in mystery for more than a decade. However, despite the intrigue around this mysterious creator, the benefits of blockchain transparency means that it’s clear that Satoshi Nakamoto still owns bitcoins since their public keys were traced from the genesis block, which Satoshi mined.

Introduction

Satoshi Nakamoto is the pseudonymous author that published the Bitcoin whitepaper in 2008. The paper is entitled Bitcoin: a peer-to-peer electronic cash system (available on bitcoin.org). Satoshi Nakamoto didn’t invent blockchain, but they were the first to create a decentralized currency based on blockchain technology.

Bitcoin was officially launched in 2009. But long before that, the mysterious name was already being used in email communications and forum posts.

In 2011, however, all of their communications to the rest of the world dried up, and Satoshi disappeared. Since then, the mystery around the creation of Bitcoin has been one of hot debate and accusations. 

But who is Satoshi Nakamoto? Who is this person or group of people that gave us one of the most, if not the most, groundbreaking technologies of the 21st century? Let’s explore that now.

Who Is Satoshi Nakamoto?

Before answering this question, we first have to ask ourselves “is this a single person or a group of people?”. Unfortunately, we have very little evidence to prove they’re either. While the prevailing sentiment is that Satoshi is an individual, some believe Satoshi is a group, like a team of computer scientists, cryptography experts and cypherpunks.

Before Satoshi cut off all communications in April 2011, they claimed to be male, Japanese, and born on April 5, 1975. However, people have observed that Satoshi’s command of English was so high that they’re likely to be from a native-English speaking country. Also, their communications mostly occurred during European working hours, so it’s speculated they didn’t reside in Japan.

With Satoshi Nakamoto no longer on speaking terms with the rest of the world, speculation has run wild regarding their true identity. Plenty of people and groups have been labeled as the true Satoshi Nakamoto, but only a handful of candidates have proven notable.

Hal Finney

Out of all the candidates who could be Satoshi Nakamoto, Hal Finney is one of the most likely. Hal was an early user of Bitcoin and the recipient of the very first Bitcoin transaction. He also worked as a software developer and was one of the original cypherpunks in the 1990s.

Sadly, Hal Finney passed away in 2014 after suffering from a nerve disease that left him paralyzed for some time before his death. He always denied that he was Satoshi Nakamoto.

Nick Szabo

Another highly likely candidate is Nick Szabo, a famous computer scientist who created a digital currency “bit gold” years before Bitcoin. His communications within the cypherpunk community overlapped strongly with Satoshi’s as did his writing mannerisms and communication times.

Nick Szabo has denied that he is Satoshi Nakamoto, but many in the cryptocurrency community aren’t convinced. There are many parallels between Nick and Satoshi, which may or may not be coincidental.

Dorian Nakamoto

Dorian Nakamoto is a Japanese-American man whose birth name is in fact Satoshi Nakamoto. He’s worked as a computer engineer for technology and financial services companies and even lived in the same area in California as Hal Finney for over a decade.

Dorian answered an interview purporting to have been involved in developing Bitcoin, but later retracted his claim stating he misunderstood the question. Since then, he’s denied ever having worked on the project and didn’t even know it existed until the media frenzy around him ensued.

HBO Documentary

In October 2024, Documentary director Cullen Hoback and HBO announced their film, "Money Electric: The Bitcoin Mystery," which hinted at potentially revealing the true identity of Bitcoin creator Satoshi Nakamoto.

In the documentary, Cullen Hoback, known for his HBO miniseries "Q: Into the Storm," where he claims to have identified several authors behind the QAnon conspiracy theory, turns his investigative lens towards the enigmatic figure of Satoshi Nakamoto.

How Much Is Satoshi Nakamoto Worth?

Regardless of who the real Satoshi Nakamoto is, they are certainly very wealthy. Forensic technologists have tracked down where Satoshi has stored their bitcoins, putting their net worth in the spotlight.

Since early 2009, Satoshi Nakamoto has not spent a single satoshi. The estimates of how much BTC Satoshi owns varies, but most people agree it’s around 1 million bitcoins. That would make Satoshi Nakamoto one of the wealthiest billionaires on the planet. As of market prices in October 2024, Satoshi Nakamoto’s Bitcoin would be worth over $61 billion.

Closing Thoughts

There are many claims to who Satoshi Nakamoto truly is. They could be a single person or a group of people. They could be dead or alive. But without solid, concrete evidence, we’ll never truly know who Satoshi Nakamoto is. Furthermore, many members of the Bitcoin and crypto community feel that the identity of Satoshi Nakamoto should remain a mystery forever. 

Regardless, the only thing we can be sure about is; Satoshi Nakamoto HODLs a lot of bitcoins.

Binance Holdings Ltd., the world's largest cryptocurrency exchange by daily trading volume and registered users, has officially announced Binance listing of three new meme coins. The lucky projects selected for Binance's platform are Turbo (TURBO), Neiro (NEIRO), and Baby DogeCoin (BabyDoge). According to Binance's statement, these meme coins will be listed with a Seed Tag, and their trading pairs will include Tether (USDT). While trading begins today, Binance has scheduled withdrawals to open on Tuesday, September 17.

Why Binance Listings are Significant
Listing on Binance is a game-changer for any cryptocurrency project, exposing it to over 220 million users worldwide. While some experts suggest that Binance listings could be used as an exit liquidity strategy for early investors, the general market sentiment is bullish. Binance operates in more than 19 jurisdictions and offers deep liquidity, making it easier for traders to buy and sell these meme coins. Additionally, traders can use bots and spot copy trading to engage with these newly listed tokens, providing even more trading opportunities.

Market Impact of the Announcement
Following Binance's announcement, all three meme coins saw significant price increases, despite the overall bearish trend in the broader cryptocurrency market.

Neiro (NEIRO) has skyrocketed by over 440% in the last 24 hours, currently trading at approximately $0.000245. This meme coin, with a fully diluted market cap of around $103 million and daily trading volume of $43 million, has now entered price discovery territory.

Baby DogeCoin (BabyDoge) also experienced a massive 55% surge, now trading at over $0.00000000165 during the early European session on Monday. With 1.87 million holders and liquidity exceeding $22 million, Baby DogeCoin is expected to benefit substantially from its Binance listing.

Turbo (TURBO) has likewise seen gains, with its price rising by over 17% in the past 24 hours to about $0.000438.

Conclusion
The listing of these meme coins on Binance has already shown a significant positive impact on their market performance. As one of the most influential cryptocurrency exchanges in the world, Binance's support is likely to increase visibility and trading activity for Turbo, Neiro, and Baby DogeCoin. With millions of users and deep liquidity, these tokens may continue to gain traction in the coming days, making it a crucial development for both investors and traders.

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