My name is Nakamoto .. Satoshi Nakamoto .. and I am the inventor of Bitcoin!
My name is Nakamoto .. Satoshi Nakamoto .. and I am the inventor of Bitcoin!
There are many ways to have money: you can simply earn it, find it, fake it, steal it, or if your name is Satoshi Nakamoto, and you are a talented programmer, you can invent it!
On the evening of January 3, 2009, that was exactly what Mr. Satoshi Nakamoto did, when he pressed a few buttons on his keyboard, and created a new currency called "Bitcoin".
Everything was based on the Bit unit without the physical presence of the currency .. There was no paper, copper or silver, but just thirty-one thousand lines of code and an advertisement on the Internet!
Satoshi Nakamoto, who claimed to be a thirty-six-year-old Japanese man, stated that he spent more than a year coding the currency, outraged by the recent financial crisis in 2008 .. He wanted to create a currency that is immune to volatile monetary policies and against the predation of politicians and monsters. Global banks!
This new invention is completely controlled by software .. which will launch a total of twenty one million bitcoins, almost over the next twenty years .. Approximately every ten minutes the coins will be distributed, and the fastest computer will win the most money!
Interest in the new Nakamoto invention increased .. More and more people took advantage of their computers to mine and search for that currency, and trading exchanges appeared, allowing anyone who had Bitcoins to trade them in official currencies such as the dollar or the euro .. Creative computer engineers could mine. About the currency, and anyone can buy it.
However, Nakamoto himself was "encrypted" .. before the emergence of the "Bitcoin" currency, there was no record of any programmer with this name .. He also used an email address and a website that could not be tracked ..
Between 2009 and 2010, he wrote hundreds of publications in proper English without errors, and although he invited other software developers to help him develop the currency code, and he communicated with them, he did not disclose any personal details of his own.
Then in April 2011, he sent a note to a developer telling him that he had "moved on to other things" ... and no one has heard anything about him since!
When Nakamoto disappeared, hundreds of theories spread about his identity and location .. Some wanted to know whether he could be trusted, or is it possible that he had invented that currency in order to store it and keep as much of it and then convert it into real currencies? Was it the largest fraud in history?
But it seems that Satoshi Nakamoto’s motivation was politics, not crime .. He introduced that currency just a few months after the collapse of the global banking sector, and published an article on traditional paper currencies, or government-backed currencies, when he wrote: “The root problem with traditional currency is trust We must trust the central bank not to devalue the currency, but the history of fiat currencies is full of violations of that trust.
But banks monitor payments so that no one can spend the same bill twice, cash is immune to this problem..but with digital currency, there is a risk that someone could spend the same money multiple times ..
Nakamoto was able to solve this problem using an innovative encryption technology .. The program encrypts every transaction, the sender and receiver are determined only by a series of numbers, but a general record of each currency movement is published across the entire network .. The identity of the buyer and seller remains unknown, but everyone can see The transfer of the currency from person No. 1 to person No. 2, and the code can prevent person No. 1 from spending the same currency again ..
The code will allow money to be sent directly between people, without an intermediary, and no external party can make more Bitcoins, just as fiat currencies are printed .. Central banks or governments will not play any role in this .. if Satoshi Nakamoto runs the world, He would have shut down the US Federal Reserve and the European Central Bank, and perhaps Western Union ... everything depends on proof of encryption instead of building trust.
So it seems that the identity of Nakamoto himself is not that important, let it be a Japanese programmer or a whole development team, or maybe it was Elon Musk himself, all of that does not matter ... simply because he created a system in which you do not have to trust an individual, company or government ..
Anyone can review the code, and no single entity controls the network .. This gives confidence to that new system, or "blockchain" ...
In other words, the future will not only depend on the Bitcoin currency itself. The great idea that Nakamoto invented is that technology in encrypting digital financial transactions ... what you can see and what you cannot see, the user is hidden from the eyes, but the transactions themselves are exposed .. the code is visible. For everyone, but its origins are mysterious ... the coin itself is real and mysterious, just like its inventor!