Why has the Bitcoin Inventor decided to be Anonymous.

4 34
Avatar for Mikkay
Written by
4 years ago

The man, group, woman who Inventor the Bitcoin has been anonymous. No lbkdy knows in person emwho created this cryptocurrency.

Bitcoin has gained considerable attention over the past on the crypto market. Pushing its limits.

In about a decade, the value of bitcoin has improved a lot as it near $10,800 and that's good news. Bitcoin has become one of the world's largest currency. Yet the identity of its creator, Satoshi Nakamoto, remains unknown.

Why did he decide to do so?

Satoshi wanted to make trading in bitcoin free. Meaning individual can make transaction without having a necessarily third party or government intervening.

"What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party."

It was very important for Satoshi to remain anonymous so they the Bitcoin can be decentralized.

Also the Inventor, Satoshi Nakamoto knee the government and other parties would come searching for him so he decided to stay unknown. In line with what happened to Bernard von NotHaus in 2011. He was convicted of making, possessing and selling his own private currency, the Liberty Dollar. So Satoshi didn't want to be in the same trouble. He knew government and other third party would make life unbearable for him because some governments generally don’t like it when threats to monetary policy emerge, and they might not be able to ban Bitcoin itself.

Also it can be that Satoshi Nakamoto is not just one person. It can be that they were a group because it is difficult for one person to build this cryptocurrency worth billions of dollars and still remain hidden.

Bitcoin’s original whitepaper is written in perfect English and his email address allegedly came from a German provider. So it maybe that the BTC was not engineered by one person. In creating a cryptocurrency it would need the help of an economist and a programmer. So it cN be true that they were a group.

Let me know in the comment section if you think Satoshi Nakamoto would reveal his identity in the future?.

Thanks to @MarcDeMesel for investing into readcash. Shoutouts to @Dangerous_Fly

Please subscribe to me.

6
$ 0.00
Sponsors of Mikkay
empty
empty
empty
Avatar for Mikkay
Written by
4 years ago

Comments

Siguro di naman nya talaga gusto sumikat kasi alam nya naman sa sarili nya na di nya kailangan ang pagsikat mas gusto nya ang makatulong sa ibang tao

$ 0.00
4 years ago

Thanks for reading

$ 0.00
4 years ago

i thought it was Satoshi Nakamoto, but this name just his alias. Bitcoin creator is , yes still s mistery

$ 0.00
4 years ago

Yh. It still remains a mystery. Please subscribe

$ 0.00
4 years ago