No, You Won't Find Out Who Satoshi Nakamoto Is Next Week

Credit : bitcoinmagazine.com

As a long-time Bitcoiner, I needed to roll my eyes after I noticed it HBO releases a trailer for an upcoming documentary teasing Satoshi’s identification to be revealed. Speculation arose that it might reveal who Satoshi Nakamoto is. Having seen many half-baked makes an attempt to ‘unmask’ Satoshi over time, I am certain the latter will not present definitive proof both.

If you happen to’ve been in Bitcoin lengthy sufficient, you’ve got seen it: somebody claims to know or be Satoshi, theories begin to swirl, however no convincing proof ever materializes. It inevitably ends with disgrace for the accuser. We have been by this rodeo too many instances.

With Bitcoin changing into a $1.2 trillion asset class, Satoshi’s enchantment is comprehensible. Its provide alone is believed to be 1.1 million BTC, presently price over $65 billion.

The standard suspects like Adam Again, Hal Finney or Nick Szabo will doubtless be resurrected as foremost candidates. And the suspect will once more vehemently deny the accusations. Our favourite Bitcoin historian, Pete Rizzo, has already made $200 bets with Shinobi, Nikolaus, Frank and me, which Again finally goes by and denies.

However ideally, Satoshi ought to stay nameless, as he clearly wished. Bitcoin succeeds due to its decentralized design, and isn’t primarily based on a single character. Unmasking Satoshi dangers undermining Bitcoin’s mystique and independence.

As Bitcoin grows into a worldwide asset, the stakes round figuring out its creator rise exponentially. The richest individual on earth offers a sexy premium. However actual proof stays elusive.

These periodic media frenzy claiming to resolve the case create numerous hype however all the time disappoint. They act as beginner sleuths who comply with flawed hunches quite than neutral investigations seeking the reality.

That is why I counsel fellow Bitcoiners to take subsequent week’s “huge reveal” with an enormous grain of salt. It should doubtless be extra sensationalism than substance, repeating well-known theories that present no definitive proof.

The one one that can conclusively show that he’s Satoshi is Satoshi himself. Till then, the thriller continues – because it ought to.

The opinions expressed are solely these of the writer and don’t essentially replicate these of BTC Inc or Bitcoin Journal