Why we need to find out who Satoshi is

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Last Updated on 23 October 2024 by CryptoTips.eu

At the end of Cullen Hoback’s recent HBO documentary, it was suggested that Peter Todd is the inventor of Bitcoin, aka the mysterious Satoshi Nakamoto.

Todd denies it, and many crypto fans were actually unimpressed with Hoback’s latest project. They also don’t really think that Peter Todd is the inventor of digital currencies.

But who is or was Satoshi Nakamoto, the creator of Bitcoin? And why do we absolutely need to find out about this?

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Origin block

Well, first of all, because it is important to know who gave us a new industry and is currently one of the richest people in the world (Satoshi is the owner of the first million Bitcoins mined).

And secondly, suppose Satoshi has already died in the meantime (which would explain why we don’t hear from him anymore), then his reputation will probably remain intact and we can be sure that he (or she) can’t do anything anymore to put Bitcoin to shame ever. That’s a relief

This also means that the ‘origin block’, the mysterious first million Bitcoins, will never be converted to fiat and tens of billions of dollars in value will be lost.

Yet there is also a third possibility. Let’s assume Satoshi is still alive but does not want to become a worldwide celebrity. He probably knew that the value of Bitcoin would rise and therefore bought several hundred Bitcoins in recent years and made money from the rising price. Lastly, he’ll therefore never touch the billions of the ‘origin block’ because he knows that his identity will be revealed if he does.

Whatever it is, the mystery is still unsolved.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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