Unlikely Satoshi’s and Some Facts Behind the Pseudonym

The cleverest move by Satoshi after creating Bitcoin was not revealing the real person behind that pseudonymous identity. Cryptography is a battle between libertarian absolute right to privacy activists and big government proponents leveraging all tools disposable to prevent technology like Bitcoin from criminals. Although holding polar opposite views of cryptography both government and libertarian maxis share one thing in common and that is to achieve the objective no matter the cost.

• For example, the PGP founder Phil Zimmerman was almost jailed in 1995 by the US for releasing an RSA based encryption product that leverage highly advanced modular cryptography for public use via internet, which was a product that essentially ensured private communication remained private and in 1998, the Swiss firm Crypto AG built backdoors to internet products for the US government.

• Following launch in January 2009, it is therefore not surprising that a cryptography product like Bitcoin has been attacked continuously as a threat against national security emphasizing Bitcoin’s climate change impact and use by money laundering criminals by not only Biden’s White House administration including SEC chair Gary Gensler and Treasury Secretary Janet Yellen, but also the European Union’s Central Bank chief Christine Lagarde and other world leaders such as President Xi.

Powerful Bitcoin enemies suggests that credible Satoshi candidates like Craig Wright, Nick Szabo and Hal Finney have an incentive to no be Satoshi. However, outside these more credible candidates, the rampant public speculation driven by the curiosity to demystify Satoshi Nakamoto’s true identity has led to some funny people being outed as Satoshi including Dorian Nakamoto who is an engineering trained Japanese American with libertarian leanings and both PayPal buddies Elon Musk and Peter Thiel.

• Other than sharing the same last name with the pseudonym Satoshi Nakamoto, Dorian like Hal and Nick outrageously denies being Satoshi and although the Ethereum blockchain is founded by wizkid Vitalik Buterin who was sponsored by the Thiel fellowship foundation to create Ethereum, I think it’s safe to say with 99% certainty that neither Thiel nor Musk is Satoshi. It is worth noting, however, that PayPal after lots of startup pivoting in the early 2000s became a centralized payment processing platform and is thus now competing with Ethereum for domination in the fintech space, which shows how much Bitcoin has influenced the libertarian minded Peter Thiel’s investment style.

• The direct competition with firms like payment firms like PayPal in combination with Satoshi’s massive critique of central banks and government bailouts outlined succinctly included in Bitcoin’s Genesis block via the text about the UK 2008 bank bailout and finally the technology and English writing skills reveals something about the entity behind the Satoshi pseudonym. The fact is that Satoshi started writing Bitcoin code in 2007 and after at least a year registering the internet domain bitcoin.org in 2008, which shows how careful and methodical Satoshi was in development leading up to launching Bitcoin in 2009 makes sense given dangers of cryptography.

First of all, the Bitcoin blockchain is designed to be transparent, scarce and censorship resistant. The Bitcoin code caps the total circulating supply of BTC at 21 million and the Crypoeconomic incentives in combination with cryptography makes it impossible to manipulate the Bitcoin blockchain’s monetary policy by a single user, which inherits some properties of gold that libertarians prefer over central bank controlled fiat currency. Second, the Bitcoin Genesis block text taunting UK’s chancellor block was likely aimed at emphasizing the damage done to society via Moral Hazard when governments without repercussions have monopoly over picking winners and losers in the short-term via stimulus packages to prevent systematic collapse, which further proves that Satoshi is a person with libertarian beliefs with perfect British English!