Satoshi Nakamoto: The Mysterious man behind Bitcoin
Date: 19th February, 2022
SaturdayHappy Saturday my friends. Tomorrow will be the holiday. So pre-holiday, let's begin with a story. Like all casual stories, it will start like this way, ' Once upon a time'. So please, stay relax and concentrate on the story which starts right now.
❝ Once upon a time there was a man named Satoshi Nakamoto and the world changed. ❞
The end of the story. Are you surprised or thinking that the Devil may have tell you a joke? Well, this is the holy truth and the story is alone enough to tell you an entire chapter. See? There is line like changing world, right? What if I tell that this name actually changed the world and the economic stats by adding a new currency, Crypto. The rise of Bitcoin. Now you are curious. Shall I elaborate it?
Bitcoin: A peer to peer electronic cash system. In 2008, when the world was facing the worst economical downturn, a mysterious name headlined in news. Yes, Satoshi Nakamoto. This name introduced us with the cryptocurrency. No one knew the actual identity of this name. Is it a person or an organisation or combined name of some persons or groups? Still no one has accurate answer. But Nakamoto published a pdf version of white page in which he explained the stats of Bitcoin and the possibility of exchange along with central banks. It can overtake it! Now tell me, who will not be moved by it? Besides, the transaction process will allow extra layer of security as the coins will be made in cryptic codes. The daring proposal touch the high point when Nakamoto suggested that the entire transaction records will be in an open server so that anyone can check! It’s an transparent exchange. Jaw dropped?
From 2008 to 2011, he was active in Bitcoin community as he was spreading the positive vibes of Bitcoin. But after 2011, he announced that he will resign from it & he did. But the pace of Bitcoin was already at high peak. It continued it’s journey. In spite of inactive, people do believe that he still controls it and have around 5% ownership of Bitcoins in this world. That's more than 10 billions!
Hide and seek continues as many people were questioned and doubted as Satoshi Nakamoto. But in the end, there was no solid proof to prove it. Now we all have questions, who is this guy? Why he hides? Different times, different people were demanded as him but they rejected the allegations. The reason is simple. Who wants legal actions against them, huh? The world economy stated that it will break down the United States economic chain. So agencies are against it. Handling those legal actions aren’t easy and for these reasons, the person or institution behind the name never came forward to accept it but always active in actions.
Let me take you to a country named Hungary. Renowned name, right? Budapest, capital of the country where flows a river Danube. You will find a bronze statue there. A statue wearing hoodie like something with no eyes and ears. The shinny statue reflects the face of the person whoever stands in front of it. There is a logo of Bitcoin on the hoodie. What explains this one? You have any idea? Let me help you a little bit. Anyone can reflect & be a part of Satoshi Nakamoto's dream. The reflected face explains this. The makers did a great job. In this modern age where hiding is impossible, this name just made it a joke. Because still this amazing invention's creator has no face to have the credit! He feels like remaining hide & unknown is a best option.
In 2022, we are now in a world of crypto-currencies. Too many coins & more to come. But the craze for Bitcoin never slowed down. It randomly gained it's pace. As per reports, the current prices of all Bitcoins are more than one trillions of USD. A mysterious name just changed the entire world. Who is Satoshi Nakamoto?
All the pictures including the lead one are used from unsplash.com
Thanks for being with me.
©Lucifer01
He is a brilliant man.. and thank you dear for this information.