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Dorian Nakamoto: The Best Satoshi Nakamoto Suspect

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A column published on Newsweek back in March 2014 claimed that the man behind the invention of the first digital currency; was a retired physicist by the name Dorian Nakamoto. There have been quite a number of self-declared candidates over the last decade, alongside those accused of being Satoshi. Well, most of these suspects are in one way involved with the cypherpunk movement. However, Dorian was not involved with the movement.

The author of the column on Newsweek, Leah McGrath Goodman investigated his story for two good months before publishing. Her strongest selling point was that Dorian’s birth name was actually Satoshi Nakamoto, not Dorian. Dorian at the time of the expose, was a 64-year-old retired physicist. Also, Dorian is a very well-educated Engineer, and his career and skill set contributed to the idea that he could actually create Bitcoin.

I Got Nothing To Do With It

Dorian had worked in addition to working for the US military for a few companies and some of the projects he worked on were considered classified information. This veil of secrecy strengthened Goodman’s case of Dorian being the man behind the invention of Bitcoin. However, the 64-year-old was in denial of the accusations.“I got nothing to do with it,” he said.

According to Goodman, when he visited Dorian at his home in California to question him on his dealings with Bitcoin; he did not give straight forward answers but they were “careful but revealing.”

“I am no longer involved in that and I cannot discuss it. It’s been turned over to other people. They are in charge of it now. I no longer have any connection,” Dorian told Goodman.

However, it remains unclear whether Newsweek got the right man behind the first decentralized currency. Goodman was convinced by his denial that she had found the mysterious creator of Bitcoin. She decided to run an expose on Dorian S. Nakamoto’s life story and even highlighted several similarities between Dorian and Satoshi Nakamoto.

Indeed, Goodman’s biggest argument was the fact that Dorian was an American-Japanese, participated in classified projects; the fact that he graduated with physics from California Polytechnic. The fact that Dorian, when questioned, said that he had turned over to other people, strengthened her case. Additionally, Dorian lived close to Hal Finney, the Japanese-American who had liberation ideologies. In addition, Dorian’s daughter spoke exclusively about her father’s belief in individualism. She said:

“He was very wary of the government, taxes, and people in charge.”

Moving forward, Dorian decided to go public and cleared the air on Newsweek’s publication. He claimed that he got confused by Goodman’s question as he thought she was talking about a classified project he did for Citibank. He went on to say that he felt victimized. He denied any involvement with Bitcoin which drew the ire of the crypto community towards Newsweek. He said:

“It sounded like I was involved before with bitcoin and looked like I’m not involved now. That’s not what I meant. I want to clarify that.”

Conclusion

After Dorian’s exposure with Newsweek, he emerged out as a hero among the cryptocurrency community. He appeared on posters, T-shirts, flyers, and even stickers. The Japanese-American has appeared at digital currency conferences to discuss his experience after the Newsweek publication. Moreover, many cryptocurrency prospects actually wish Dorian was the real Satoshi as he is far more friendly compared to the other self-proclaimed Satoshi’s. He is considered as the best Satoshi Nakamoto suspect.

Founding Father of Bitcoin — Who Is Satoshi Nakamoto?

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Bitcoin first made its presence known in January 2009 and has continued to intrigue the world ever since. One of the fascinating things about it is the mysterious identity of its founder Satoshi Nakamoto. Many have speculated, but the identity still eludes us.

While there are many other figures behind this digital currency whose faces we know, people have always been phased by the unknown. It’s in our nature to seek logical explanations to inexplicable questions. This is why every once in a while, you’ll come across yet another theory trying to reveal Nakamoto’s true identity. Continue reading as we delve into the theories behind this intriguing topic —  the Bitcoin maker: 5 people who could be Satoshi Nakamoto.

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Founding Father of Bitcoin — Who Is Satoshi Nakamoto? 2

Dorian Nakamoto

If you were to google Satoshi Nakamoto, one of the first image results would be this guy. Dorian Nakamoto is a 70-year-old from L.A. who has stated on numerous occasions that he is not the enigmatic founder of Bitcoin. However, his claims did not dissuade further speculations, especially due to his prolific work in the engineering industry.

Due to this fact, he had been accosted by reporters who wanted to get the first scoop on numerous occasions. Some even went as far as to follow him to L.A. restaurants. Thankfully, Dorian’s refusals were eventually corroborated by Satoshi Nakamoto himself, allowing him to return to his day-to-day life.

Craig Wright

The next suspect has caused a lot of controversies. Unlike other individuals who were accused of being Nakamoto, Wright never denied the allegations. This Australian started dabbling in cryptocurrency around the time Bitcoin white paper began to circulate. Thanks to leaked transcripts, the reporters connected the dots where Wright claimed to be the founder, and there you have it.

However, many took this piece of information with a grain of salt. It turns out that Wright’s story was full of inconsistencies. But, you know what they say — there’s no such thing as bad publicity. Eventually, Craig Wright managed to secure a successful career in the crypto industry, and his claims are yet to be disputed.

Nick Szabo

This computer engineer conceptualized a decentralized currency known as BitGold. Since this came to be known as a precursor to Bitcoin, it is no wonder that many assumed Szabo was the one behind Nakamoto’s alias.

Up to this day, there isn’t any compelling evidence that Szabo isn’t the founder of BTC. Author Dominic Frisby even discussed why Nick Szabo might truly be Satoshi Nakamoto in his book Bitcoin: The Future of Money?. 

Gavin Andersen

Andersen is well-known as one of the early developers of Bitcoin. What’s also peculiar about his case is that Nakamoto went off the face of the earth in 2011, leaving Andersen in charge. Consequently, he inadvertently became the face of Bitcoin.

This software developer continued to work on other projects, as well. In fact, he helped establish BitcoinXT, consequently causing a debate amongst numerous software developers. As with any of our accused, we cannot claim with certainty that Andersen is the face behind the mask.

Hal Finney

The last name on our list is Hal Finey, who knew of cryptocurrency in its early days. He was a PGP Corporation developer, rumored to have received the first Bitcoin transaction from the man of the hour himself — Satoshi Nakamoto. Unfortunately, Finney passed away in 2014 from ALS consequences. The timeline matches that of Nakamoto’s online disappearance, and his BTCs remained intact up to this day. Even though Finney denied the allegations himself, we guess we’ll never know whether he was the founder of Bitcoin.  

New HBO Bitcoin Documentary Reveals Real Satoshi: Peter Todd’s Stunning $62B Secret

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  • HBO’s ‘Money Electric’ suggests Peter Todd could be Satoshi Nakamoto, though Todd denies the claim.
  • The documentary explores the mystery behind Bitcoin’s creation, featuring key figures like Adam Back and Roger Ver.
  • Satoshi Nakamoto’s wallets, holding around 1 million Bitcoin, could drastically affect the market if they were ever moved.

A new HBO documentary titled ‘Money Electric: The Bitcoin Mystery’ dives deep into the origins of Bitcoin(BTC), presenting Canadian software developer Peter Todd as a possible candidate for the elusive Satoshi Nakamoto, BTC’s pseudonymous creator. The 100-minute film, directed by Cullen Hoback, pulls from years of speculation, cryptic online postings, and personal accounts from early Bitcoiners.

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Peter Todd

The documentary brings together interviews with influential figures in the cryptocurrency world, including Adam Back, Roger Ver, Samson Mow, and Todd himself. These individuals have all been involved with BTC since its infancy and have long speculated on who might be behind the cryptocurrency that changed the global financial landscape.

The film suggests that Todd could be the man behind Bitcoin’s creation. Hoback draws on circumstantial evidence, such as comments Todd made on early BTC forums, which led him to make the bold claim. When asked directly, Todd shrugged off the idea, calling it “ludicrous” and even laughing at the notion. He, like others in the documentary, joked, “I am Satoshi Nakamoto,” but quickly dismissed the possibility.

Despite Todd’s denial, the documentary explores the idea that he fits the profile, given his extensive involvement in cryptography and the development of BTC-related projects. Todd is listed as an applied cryptography consultant and has contributed to various projects that align with BTC’s ethos of decentralization and privacy.

Todd’s credentials bolster the theory. His LinkedIn profile lists him as “Chief Naysayer” at Coinkite, a BTC security provider, and as chief scientist at the anonymizing wallet service Dark Wallet. Todd has been a fixture in the crypto community for years, making him a plausible candidate.

Mystery of Bitcoin’s Satoshi Nakamoto Endures

The documentary isn’t the first to propose candidates for Satoshi Nakamoto. In 2014, Newsweek claimed Dorian Nakamoto, a physicist, was the man behind Bitcoin, but he denied it. Similarly, Australian Craig Wright once proclaimed himself Satoshi, only to have a UK judge rule otherwise.

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Craig Wright

Even though Satoshi Nakamoto hasn’t been heard from since 2011, the mystery of their identity remains a central topic in the cryptocurrency world. With approximately 1 million Bitcoin in Satoshi’s wallets, currently worth over $62 billion, any movement of these tokens could have a profound impact on the market.

The identity of Bitcoin’s creator could have significant ramifications. If Satoshi were revealed, governments and corporations might reconsider their approach to Bitcoin. As BTC grows in adoption, with companies like MicroStrategy holding large amounts, the world’s largest cryptocurrency remains at the center of the financial revolution.

Bitcoin Whitepaper to Celebrate 12 Years as Cryptocurrency’s Price Continues to Take Up Front Pages

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Bitcoin came to the public eye for the first time in 2010, an event that marked the shift in the financial world. Invented by the still-reclusive Satoshi Nakamoto, Bitcoin went on to create waves that would change how people view decentralized and virtual assets.

Although 2010 is seen as Bitcoin’s birth date, the idea for the cryptocurrency was first sown in the 2008 whitepaper. As we celebrate the 12th anniversary of the whitepaper on October 31 it becomes imperative to take a look back and see how far we have come from the nascent stages of yesteryear.

On October 31, 2008, the world learned about a tamper-proof, decentralized peer-to-peer protocol that could track and verify digital transactions with added functionalities. One of Bitcoin’s main attractions was that it could put a stop to double spending and evoke transparency in every individual transaction. The concept of Bitcoin also drew in the developer crowd after learning about the mining feature and how miners are rewarded for obtaining Bitcoins off the blockchain.

Satoshi Nakamoto envisioned Bitcoin as a real-world tool that would make transactions and purchases much easier and quicker. Although Bitcoin has not fully permeated every level of banking, the past decade has seen several companies integrate Bitcoin or its compatriots into its fold. At press time, Bitcoin was trading for $13,165 with a total market cap of $243.96 billion. A healthy 7-day growth had elevated Bitcoin’s daily trading volume to $32.58 billion, a figure that users expect to climb in the coming days.

Over the last several years, Bitcoin has set many milestones for itself, including key changes to native cryptocurrency peripherals. Bitcoin’s price movements have been one of the most striking figures since its inception as analysts continue to predict higher growth. The current cryptocurrency price point of $13,165 is 438,833,333 % higher than its first recorded value of $0,003. At the time of writing, Bitcoin’s circulating supplies was 18.52 million. This means that only 2.47 million BTC tokens are left to be mined on the blockchain.

As we celebrate the 12th year of the whitepaper, Bitcoin has been seeing changes in terms of other peripherals as well. On October 29, Bitcoin’s hash rate fell by 40 percent while the transaction fees rose to a 28-month high. Some members of the Bitcoin community claimed that the drop in hash rate was because of the end of China’s rainy season. China is one of the largest miners of the cryptocurrency and mining remains affordable only when hydroelectricity is available in the plenty.

Despite Bitcoin’s naysayers, it is an undeniable fact that the world’s largest cryptocurrency has become a constant in the financial world. Bitcoin’s price movements may continue to be erratic but it is a surety that the still unknown Satoshi would be proud of the idea that he had all those years ago.

Coinbase Plans Debut as History’s First Public Traded Crypto Marketplace

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Reuters reported on July 9 that Coinbase, a prominent U.S.-based cryptocurrency trading platform, started planning a stock market debut later this year, or early next year.

Coinbase is looking forward to the approval of the US Securities Exchange Commission in order to obtain a direct listing on the stock exchange market. While the marketplace has not yet rolled out its submissions to SEC, plans have been addressed with leading financial and investment firms.

This move marks a major milestone in crypto space, as Coinbase will be the first crypto marketplace to have a stock market listing.

Coinbase CEO Grand Vision for the Exchange

Brian Armstrong, Coinbase’s co-founder, and CEO was just an Airbnb software engineer when he read the Bitcoin manifesto published by Satoshi Nakamoto in 2010, which presented Bitcoin as an underground currency. Its transactions recorded on a ledger called the blockchain, and the arithmetic tasks of nodes and mining, etc., did not interest Armstrong. However, he saw an opportunity for businesses to protect the keys to coins and to set up transactions.

His employer at the time sent money to the Latin American landlord and used to describe the sending process as opaque, expensive, and time-consuming. As if this were to give birth to his aspirations in the financial system, Armstrong envisioned a global and open system that would drive growth, innovation, and freedom.

That year he bought Bitcoin for $1000, each selling at $9, and began his Coinbase project. Armstrong wrote code in Ruby and JavaScript for the buying and storing of digital coins on working on weekends and late evenings.

In January 2015, the startup received a major round of funding worth $75 million from the New York Stock Exchange, Draper Fisher Jurvetson, USAA and several other investment banks, its selling proposal being safety and secure storekeeping of private keys. Now the number of people using crypto has risen to about 100 million, and over 35 million of them trust Coinbase.

Going Public

Coinbase’s most recent funding was in 2018, putting the company at a valuation of $8 billion. The company is now planning a direct listing, which, unlike the traditional IPO, allows companies to go public without having to raise funds through stock sales. Apparently, shareholders will be able to trade their equity without having their stakes diluted by fresh issuances. 

Stolen Mt. Gox Bitcoin Claimed by Craig Wright

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Craig Wright, the self-proclaimed Bitcoin founder, has again boldly declared that he is the mastermind behind the 2011 stolen Mt. Gox Bitcoin totaling 79,956 BTC worth around $751 million in the current market. One of the addresses involved during the high-profile heist famous as the address “1Feex,” still contains bitcoins from the incident.

‘1Feex’ contains Stolen Mt. Gox Bitcoin

The controversial bitcoin figure wrote a letter through his law firm, SCA Ontier, addressed to Blockstream, the firm for Bitcoin network services. Wright alleges in the letter that he possesses more than two Bitcoin addresses. One was the 1 feex address believed to contain the BTC stolen from Mt Gox.

Over the years, with the motive to prove that he is the pseudonymous creator of Bitcoin Satoshi Nakamoto, Wright has laid claim to many addresses. Wright has claimed ownership of the early Bitcoin addresses in defense of his dubious claims that contain significant amounts of money.

The feex address is a perfect match for Wright’s early addresses claiming ownership, as it originally received funds back in March 2011 with a balance of 79,900 BTC. Wright has implied himself as a participant in the Mt. Gox heist by claiming the popular address, even though the letter does not mention Mt. Gox anywhere.

Does Craig Wright ever stop?

In the past, Craig Wright has claimed bitcoin addresses that owners have come out to disapprove of him by using their keys to sign cryptographic messages. Wright alleges in his letter that during a robbery he lost his keys to the 1feex back in February this year. This means that he can not use the address to sign cryptographic messages nor to transact.

Stolen Mt. Gox Bitcoin

Craig Wright’s involvement in such a high-profile crime will only tarnish his already deplorable reputation in the cryptocurrency sector. Some industry players have suggested that Craig Wright be prosecuted for laying claim to stolen funds, but it’s unclear how to do that in practice.

There is actually not one lawsuit in the recent past that was ruled in support of Craig Wright. Despite this, he still tries tirelessly to prove that he is the Bitcoin creator. Expect more drama from Craig Wright soon

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