Contrary to what you may have heard, Satoshi Nakamoto might have been keener on the idea of Bitcoin as a store-of-value than as a means of payment. At least, that’s what Kraken Business Development Director Dan Held thinks from his own study of Nakamoto’s work.
Held believes that clues within Nakamoto’s forum posts and the Bitcoin whitepaper itself suggest that the creator of cryptocurrency as we know it preferred the idea of digital gold to that of an improved version of the VISA network.
Did the Bitcoin Creator Mean Digital Cash or Digital Gold?
Based on the number of Bitcoin (BTC) held long-term, the market clearly favours Bitcoin as a store-of-value. However, there are many that believe Satoshi Nakamoto intended Bitcoin as a payments network, possibly capable of rivalling the likes of VISA. The main proponent of this version of events is Craig Wright.
Wright claims that he himself created Bitcoin and subsequently went into hiding after becoming disenchanted by the number of libertarian and anti-government folks embracing it in its early days. He says he returned from anonymity to work on restoring Bitcoin to the original vision of Nakamoto.
The Australian computer scientist claims that he never intended Bitcoin to serve as a store of value. Instead, vast data centres would support a blockchain with unlimited transaction capacity. If the operational demands of such facilities meant that only a few could exist, so be it.
… and What if Wright is Wrong?
Amongst those entirely refuting this version of events is Kraken director Dan Held. Held outlined his thoughts on the subject via Twitter earlier today:
1/ Satoshi’s Vision is a silly endeavor, as it doesn’t matter what it was, we are where we are now. However, those pushing the “Bitcoin was first made for payments” narrative insist on cherry-picking sentences from the white paper and forum posts to champion their perspective.
— Dan Hedl (@danheld) February 4, 2020
In the above thread, Held highlights several instances in Nakamoto’s posts that suggest the Bitcoin creator’s motives. Held concludes that Bitcoin’s creator was more interested in a store-of-value than means of payment. Accusing the Bitcoin SV community of “cherry-picking sentences from the white paper”, he suggests that the majority of Nakamoto’s work pointed towards Bitcoin’s use as a digital gold.
Held notes “Libertarian thought” throughout Nakamoto’s work. Examples include a clear distrust a central banking and references to the project as an effort to “gain a new territory of freedom”.
Nakamoto also refers to Bitcoin as a “collectable or commodity”. In addition to the notion of scarcity frequently appearing throughout their correspondence, they wrote:
“In this sense, [Bitcoin’s] more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases.”
Finally, Held states that even the use of the word “cash” in the whitepaper’s title doesn’t mean the document describes a payment’s system primarily. The Kraken executive says that other attempts at digital money from the cypherpunk community in which Bitcoin was launched into used the word “cash” in a different way than many understand it:
“… ‘cash’ represents a pseudonymous push payment in contrast to a credit-based system… Other Cypherpunks had used the word cash in their whitepapers to reflect that functionality.”
Related Reading: Bitcoin SV (BSV) Hit New Monthly Low despite Successful Hard Fork
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Tucker Carlson, an American conservative political commentator, has attracted some backlash after he hinted at the possibility that Satoshi Nakamoto is linked to the CIA.
The post Bitcoin Supporters Slams Tucker Carlson for Linking Satoshi Nakamoto to CIA appeared first on Coinspeaker.
Bitcoin’s recent price surge has reshaped the global billionaire rankings, propelling its elusive creator, Satoshi Nakamoto, past some of the world’s most prominent business figures. With the cryptocurrency’s market value reaching new highs, the wallet linked to Nakamoto now holds an estimated $130.
Satoshi Nakamoto is now the 11th richest person in the world, surpassing Bill Gates
Bitcoin moving from peer-to-peer currency to digital gold amid declining on-chain uses
Satoshi Nakamoto, tThe post Satoshi Nakamoto's Bitcoin wealth hits $120B, but can he overtake Elon Musk now? appeared first on AMBCrypto.
В ночь с 8 на 9 октября 2024 года на HBO презентовали фильм о биткоине «Money Electric: The Bitcoin Mystery» (Электронные деньги: тайна биткоина). Авторы картины утверждают, что им удалось найти создателя первой криптовалюты, Сатоши Накамото.
Один из первых разработчиков биткоина Мартти Малми (Martti Malmi) опубликовал 23 февраля 120 страниц своей переписки по электронной почте с Сатоши Накамото на GitHub. Малми известен тем, что зарегистрировал домен bitcoin.
Delve into the enigma of Satoshi Nakamoto, the creator of Bitcoin, and the anticipation surrounding his ownership of over 1.1 million BTC.
The post Why was Satoshi Nakamoto Randomly Sent 26 Bitcoin? appeared first on BeInCrypto.
Jameson Lopp, a significant figure in the Bitcoin community, published a detailed blog post on Oct. 21 dismissing the speculation that programmer Hal Finney was Satoshi Nakamoto. The anonymity of Satoshi Nakamoto has been a matter of intrigue since Bitcoin’s (BTC) debut in 2009.
The crypto world was set abuzz on Monday when a Twitter account claiming to belong to Satoshi Nakamoto, the elusive creator of Bitcoin, resurfaced after a lengthy pause.
На странице Satoshi Nakamoto в X (ранее Twitter) появилась первая публикация за последние пять лет. В ней автор размышляет о перспективах биткоина и тех аспектах, которые не были отражены в white paper.
В криптовалютном пространстве ходили слухи о дате рождения анонимного создателя биткоина Сатоши Накамото. Сообщество почему-то считает, что это 5 апреля 1975 года. Давайте разбираться действительно ли это так.
Прежде чем официально представить биткоин, предполагаемый создатель криптовалюты Сатоши Накамото активно использовал форум Bitcointalk. org, чтобы поделиться своим видением монеты и услышать идеи от других членов сообщества.
Satoshi Nakamoto, the creator of Bitcoin, is now amongst the richest people in the world thanks to the recent price surge of the flagship digital asset.
The post Satoshi Nakamoto’s Bitcoin (BTC) stash is now worth over $60 billion appeared first on CryptoSlate.
Satoshi Nakamoto encoded hidden messages in some Bitcoin blocks that often come as a pleasant surprise. In the genesis block, Nakamoto’s message was a headline of a London Times article on Jan 3rd, 2009.
В Венгрии установили статую создателя первой криптовалюты Сатоши Накамото.
https://twitter. com/disclosetv/status/1438555365239627784?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1438555365239627784%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.
На Bitcointalk не перестают появляться истории о биткоине и Сатоши Накамото, в которых люди под разными аккаунтами размышляют об известном создателе BTC. Недавно человек под ником songchunlai рассказал интересную историю, в которой описал собственную жизнь и заявил, что он и есть Сатоши Накамото.
The search for Satoshi Nakamoto’s identity is becoming an endless one for some crypto-enthusiasts who have developed different theories trying to put a face to the name of the creator of Bitcoin but not to certain crypto-personalities who believe they may have cracked the puzzle.
Стали известны подробности неизвестной ранее переписки между создателем биткоина Сатоши Накамото и получателем первой транзакции Хэлом Финни. Об этом пишет CoinDesk, в чьем распоряжении оказались три письма, датированные концом 2008 и началом 2009 года.
Аналитики исследовали письма Сатоши Накамото по e-mail. Сатоши Накамото, кем бы он ни был, вел интенсивную переписку с теми, кого можно считать ранними биткоин-энтузиастами, одним из которых был Хел Финни.
Сатоши Накамото опубликовал white paper биткоина 12 лет назад, 31 октября 2008 года, — документ с описанием «системы цифровой пиринговой наличности». Интересно, что Сатоши Накамото зарегистрировал домен bitcoin.
12 лет назад, 31 октября 2008 года, Сатоши Накамото опубликовал white paper биткоина — документ с описанием «системы цифровой пиринговой наличности». Интересно, что Сатоши Накамото зарегистрировал домен bitcoin.
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Один из предполагаемых кандидатов на роль Сатоши Накамото был приговорен...
Сообщение Кандидат на роль Сатоши Накамото запустит бизнес по добыче BTC после тюремного заключения появились сначала на ПрофитГид: рейтинг ICO, блокчейн, биржи и курсы криптовалют.
Сергио Демиан Лернер — блокчейн-разработчик и известный криптовалютный исследователь. Эксперт считает, что при создании первой монеты Сатоши Накамото преследовал альтруистические цели, то есть не собирался зарабатывать на росте курса криптовалюты.
Твит 2010 года может указывать на то, что Хэл Финни – это не Сатоши Накамото. В своём недавнем интервью для Cointelegraph Ласло Ханич, который тесно взаимодействовал с Сатоши Накамото в 2010 году, рассказал, что создатель биткоина не был знаком с Mac: «У него не было Macintosh.
Создатель биткоина Сатоши Накамото скорее всего был одним человеком, а не группой людей, при этом обширные знания во множестве дисциплин ему не требовались. Такое мнение в интервью Cointelegraph высказал один из изобретателей блокчейна Скотт Сторнетта.
An old forum post made by an anonymous cypherpunk was recently uncovered, and many are speculating it could be from Bitcoin creator Satoshi Nakamoto. The link between Satoshi Nakamoto and the cypherpunks runs deep.
Исчезнувший псевдонимный изобретатель Биткоина Сатоши Накамото загадочным образом возвращается. Задумывались ли когда-нибудь о таком сценарии? Пытались просчитать, как развивались бы события дальше? Давайте посмотрим, как моделируют данную ситуацию эксперты.
Личность Сатоши Накамото так и остаётся неразгаданной загадкой криптоиндустрии. То ли это был человек, то ли группа людей, создавшие whitepaper биткоина и запустившие эту сеть в начале 2009 года.
Личность Сатоши Накамото так и остаётся неразгаданной загадкой криптоиндустрии. То ли это был человек, то ли группа людей, создавшие whitepaper биткоина и запустившие эту сеть в начале 2009 года. С тех биткоин стал самым прибыльным в мире активом, а его капитализация выросла до $120 млрд.
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