If you have not been under the crypto rock, Bitcoin is not an unfamiliar name. The first and the most successful cryptocurrency has achieved all ups and downs but remains number one. Bitcoin, a virtual coin based on a peer-to-peer network, is today called digital gold. While some people might believe its ultimate value would be close to nothing, a vast majority consider it the best investment.
Cryptic Father of Cryptocurrency
With the paper publishment describing bitcoin in 2008, the decentralized cryptocurrency came into execution in 2009 with its creator as a pseudonymous person. Satoshi Nakamoto, anonymously used by the developer, penned the first-ever bitcoin white paper and designed the earliest-in-order blockchain database. Claimed to be from Japan, Nakamoto was the first to solve the double-spending problem for digital coins through the P2P network. Satoshi created the website and domain name, collaborated with various bitcoin developers, and made all qualifications to the source code.
Nevertheless, he did not reveal any private information. It was only on the P2P foundation profile that he asserted to be a 37 years old male from Japan, but speculations accompanied the claim due to the perfect English used by Nakamoto. Also, the bitcoin software was not documented or labeled in Japanese. Satoshi remained active in bitcoin development till December 2010 and handed the control to Gavin Andresen later that year. Moreover, Nakamoto’s bitcoins remain unspent except for the test transactions since mid-January 2009.
Is this the end of his anonymity?
What if we tell you that Satoshi Nakamoto has re-entered the spotlight? After almost a decade of hidden identity, Nakamoto is on the path to disclosing himself. It sounds exciting and interesting, right? But what if it's another pseudo-Satoshi?
Taking the crypto nation by surprise, the Satoshi Nakamoto Renaissance Holdings website has planned to divulge the identity of the bitcoin creator in three parts, starting from 18 August.
The Reveal
Promoted by Ivy McLemore & Associates (IM&A), Satoshi's website has made a door open to the truth. Releasing the statement on 15 August, the firm declared its retainment by the website and led the way for people to reach the revelation. Before Sunday, all people could see was the bold-lettered Satoshi Nakamoto – My Reveal to come into light on 18 August. At 4 p.m. EDT on Sunday, awaited by the crypto enthusiasts, unfolded the identity truth on the website. Truth or hoax, you will know!
#Satoshi nakamoto to reveal himself pic.twitter.com/6Rbt1fnIniAugust 17, 2019
“My Reveal” by Satoshi Nakamoto is commenced as a three-day series with three parts. With the release of Part I on Sunday, Part II and III will follow up on Monday and Tuesday, respectively.
“His reveal” and its reception part I by Nakamoto concludes The origin of bitcoin and the false name. The maybe Satoshi frames his fight with himself and his struggles as the reason for his absence from the public eye. Also, his creation of bitcoin cited as something illegal by some governments added up to his cloaked image. He states how the hacks following the greed made him realize his duty towards his invention, which is now understood as an overwhelming technology.
Though the exposé attracted people across the globe, most were mainly critical of its legitimacy. Known for his excellent command of English, people were skeptical about the disclosure's grammatical errors.
Financial Institutions, Supply chain, Land records etc. Not sure why he capitalizes someof these but not others. And I guess Satoshi hid away for 10 years only to forget basic English and how to spell.August 18, 2019
The new post is out https://t.co/YzWg815xWm. Misspellings, ungrammatical, and nonsense list follows: sceptical (misspelling); “has led” (passive voice);August 18, 2019
“my familial judgements” (I think he means judgment from his own family not judgments about his family that he makes, which is awfully personal);August 18, 2019
He says Hal was a member of the Cyberpunks. Not Cypherpunks. pic.twitter.com/YXL1rpYviHAugust 18, 2019
BCCI or bitcoin’s origin? Further, he mentioned about his ‘master thesis,’ his interest in cryptography and numerology. He links the formulation of bitcoin’s name to the Bank of Credit and Commerce International (BCCI), Pakistan which closed in 1991.
We have a new Satoshi fraud in town and it’s just as meticulously absurd as you would expect it to be. https://t.co/Y3jiAhS6ad pic.twitter.com/PimQg7RYoWAugust 18, 2019
In reaction, Charlie Lee, the founder of Litecoin, highlights the absurdity of the serendipitous naming of bitcoin.
The origins of the word Litecoin were derived not just from it being a “lite” version of Bitcoin.
The letters were:
LIme TEa COmpany INcorporated https://t.co/mebMLZcoE8
— Charlie Lee [LTC⚡] (@SatoshiLite) August 18, 2019
Skeptical Twitter users conducted their research to find out the owner of BCCI.net in 2008 and discovered Bilal Khalid as a registrant.
Satoshi Nakamoto – The outcome of paranoia besides, he credits the invention of bitcoin to his personal banking experiences. Inciting a good laugh for us, he even announced the origin of his fake identity as the result of his paranoia towards his real name. The farthest he went was disclosing his childhood nickname, Shaikho, a widespread Pakistani name.
Shaikho Nakamoto doesn’t have the same ring to it.pic.twitter.com/kcFOxf5kp1
— 🎀 𝓢 𝓐 𝓓 🎀 (@StopAndDecrypt) August 18, 2019
As revealed, he chose Satoshi Nakamoto based on his faith in numerology. Likewise, his nickname that began with S, equivalent to the number 24 and equating to 6, he wanted his pseudo-name to also start from the same alphabet. The want for a ‘magical numerological name’ with two mercury (messenger of God) numbers (5), led his way to the name where Satoshi + Nakamoto = 55.
Satoshi + Nakamoto = 55pic.twitter.com/OmzqTJhCDc
— 🎀 𝓢 𝓐 𝓓 🎀 (@StopAndDecrypt) August 18, 2019
Affection or Affectation? Coming to the end of the first part of the reveal, Satoshi acknowledged his good pal Hal Finney for his support and smartness in carrying forward the bitcoin legacy. His “heartfelt” dedication to Hal fell short of expectations as he carelessly referred to Finney’s cryptographic activist group – Cypherpunk, as cyberpunk. This erroneous mistake was rectified after it was pointed out on Twitter.
He says Hal was a member of the Cyberpunks. Not Cypherpunks. pic.twitter.com/YXL1rpYviHAugust 18, 2019
Revelation – Cynics weigh in. The criticism of the announcement started as soon as IM&A supported and issued the statements through the press release. We would wonder why despite using a firm to expose the identity of such an essential personality of the crypto world, the truth could not be edited and made error-free! But this doubt indeed vanishes when one reads the press release, which was itself accumulated with several grammatical blunders.
2014 and another rebrand that has nothing to do with Bitcoin. pic.twitter.com/o54MU2ZAoMAugust 18, 2019
Massive wealth but none for the website! Revealing himself as a person with a passion for cryptography, did the man claiming to be Satoshi Nakamoto create a WordPress site with insufficient resources?
Satoshi is a well qualified web developer, he wouldn’t use a wordpress page pic.twitter.com/VwJa5A0B5uAugust 18, 2019
To no surprise, he certainly did! For a crypto expert, to use a website without SSL seems quite out of character.
Or use a site without SSL pic.twitter.com/rfMMF6K7t9August 19, 2019
Moreover, it is considerably frugal for someone with $10 billion in bitcoins to establish a domain worth just a dollar/month.
– Has control of massive amount of bitcoin wealth – Sets up shitty WordPress site on shared server with insufficient resources to handle virtually no traffic for $1/month
Good luck, this will be a bumpy ride 😂
— OM 🍯🦡 (@ocmmm) August 18, 2019
The website crashed in no time due to an overwhelming response causing immense traffic that it could not handle.
Working on fixing the issue, the site will be up shortly.August 18, 2019 A twitter user reported resource depreciation on the website as the faketoshi forgot its CDN setup.
His domain is running out of resources, which probably means he didn’t setup a CDN and is on shared hosting. He just bought the domain and paid for a single year https://t.co/hJwltR9y2v.August 18, 2019
As pointed out by @junseth, the website shares its server with four other sites.
His server is shared with the following sites: https://t.co/F3IcRKLefp, https://t.co/qZTtJZoZFL, https://t.co/2DidmXfrv3, https://t.co/qy3cr7qTu6. A of these appear to be wordpress installs, spam sites. Not sure if they are owned by the same person. But wouldn’t be surprised.August 18, 2019
The website crashed in no time due to an overwhelming response causing immense traffic that it could not handle.
Is Satoshi a Cryptography master or an amateur? Adding to the errors co-occurring with the divulgence, the supposed cryptography expert couldn’t protect the significant details of his privacy. He, ridiculously, gave people his location as well as his phone specifics.
I think that (https://t.co/8QIjGnoYFG) is quite fake! I mean Satoshi Nakamoto would at least take care of the smallest parts of privacy when taking pictures with a phone, which is to clean up his EXIF data, he even gave us a location as well. pic.twitter.com/znRnVKjJsRAugust 18, 2019
Why is “Satoshi” beating around the bush? The Litecoin genius Charlie Lee proclaimed that if the man confessing to being Satoshi Nakamoto was real, he must sign in the genesis block and take things professionally.
Satoshi Nakamoto brought to the world an open-source, decentralized, trustless, censorship-resistant currency based on math and cryptography.
— Charlie Lee [LTC⚡] (@SatoshiLite) August 17, 2019
On the other hand, there are assumptions that either the real man behind bitcoin has died or lost access to his private keys.
If Satoshi the inventor of this important security protocol lost his own keys then we are all doomed 😂 Not to say a little bit richer due to his coins being out of circulation. Highly doubt it!August 18, 2019
He was a visionary. You can see it in his forum posts. He is dead now. Thats my believe.August 18, 2019
However, these assumptions might not attain much faith.
People also deduced it to be another stunt by Craig Wright.
Despite the reveal scheduled for 20 August, people have already uncovered the covert identity of this “Satoshi Nakamoto.” Consensus reveals it's a person of Pakistani descent and is named Bilal Khalid. Social media users have not held back with their skepticism and sarcasm
I think we have to call it Bilcoin from now on.August 18, 2019
Highlighting the level of inanity associated with the assertions of being the actual Satoshi Nakamoto, a user satirically tweeted
Craig Wright is not Satoshi Nakamoto, because I am.
— Vake (@vakeraj) August 18, 2019
There is no paucity of people claiming to be the cryptocurrency developer but as a Twitter user rightly said
Let’s be clear: If the real Satoshi Nakamoto ever wanted to reveal themselves, they’d know full well how to trivially demonstrate their identity well enough to be taken seriously from the beginning, and not waste everyone’s time with vapid bullshit.August 18, 2019
Chaintimes will cover the other two parts of the reveal and provide unbiased information regarding its authenticity.
To satiate your curiosity, we’ll keep you abreast of the subsequent reveals and if they hold any merit.
