Ever since Bitcoin was launched, Satoshi nakamoto hid himself due to threats from the government and they are trying there possible best to stop crypto currency since it transaction can't be traced and it believed that most criminal activities are done by crypto transaction, but government are not looking at the advantages but the disadvantages.

Government are really trying their possible best to stop crypto currencies since transactions fee is nearly 0 and there is no tax on it . Since government don't generate revenue from it , it is nearly useless to the government so they use the opportunity that most criminal activities are done using crypto as a way of banning crypto currency.

History of Satoshi Nakamoto

The Satoshi Nakamoto identity was included within the early days of bitcoin, working on the primary form of the program in 2009. Communications from Nakamoto was conducted electronically, and the need of individual and foundation points of interest implied it was outlandish to follow. the genuine character behind the title.

In any case, Nakamoto's involvement with bitcoin finished in 2010. Anybody's last correspondence with Nakamoto was in an email to another crypto developer, expressing that they had "moved on to other things." The failure to confront the title has driven to critical theory almost the character of Nakamoto, particularly given the rise within the number, ubiquity and notoriety of cryptocurrencies.

Whereas the character of Nakamoto has not been unveiled to any demonstrated person or people, it has been assessed that the esteem of bitcoins beneath Nakamoto's control – which is accepted to be around 1 million in number – may surpass $50 billion in esteem. Is. Given that the most extreme conceivable number of bitcoins produced is 21 million, Nakamoto's share of 5% of add up to bitcoin possessions has impressive showcase control. Numerous have been put forward as the "genuine" Satoshi Nakamoto, in spite of the fact that no one has been definitively demonstrated to be Nakamoto.

dorian nakamoto

Dorian Nakamoto is an scholarly and build in California who was named as the maker of bitcoin by Leah McGrath Goodman in a Newsweek article in Walk 2014. "The path taken after by Newsweek driven to a 64-year-ancient Japanese-American man whose title is really Satoshi Nakamoto," said McGrath's article, but consequent examinations avoided Nakamoto from the race.

Hal Finney

Bitcoin is the item of the cyberpunk development, and one of the columns of that development was Hal Finney. Finney kicked the bucket in 2014. Finney was dynamic within the bitcoin community some time recently and after its dispatch, and Finney is the primary person to get bitcoin in a single exchange. He coincidentally lived a couple of pieces from Dorian Nakamoto, which, it has been guessed, may have been the motivation for the nom de plume design by Finney.

Importance of crypto currencies to the developing world.

I believe that crypto is the Future of digital currency, while checking the British Sterling pound I read something that made me kept thinking which that the central in UK the all holder of the currency the certain amount written on it .

I believe that money and coin are just like a receipt that you own a certain amount in the bank . While crypto is a digital assest which you control. Due to threats alot of crypto launcher has quit launching new coins and there lot of coins that has been launched recently.

There lot of rumours that the tussle between people who launched bitcoin made the creation of the Bitcoincash.

@jane

The advantages of crypto currencies.

Crypto currencies has a lot of advantages and disadvantages but I would love to speak about the advantages.

• Crypto currencies is another way of hiding one's wealth from the real world, alot of people really love to prove to the world that they are rich. But a real wise person would buy crypto rather buy properties.

• It is also a wise man investment, when bitcoin was launched people where not really interested in it but those who where wise had to take risk even though they are not sure it reliable or not. I am not saying you should be dumb but one must take calculated risk.

• It has less fee on transaction: to transact from one country to another using the banks a large amount would be deducted from the sender and the receiver but in the case of crypto currency the transaction fee is nearly zero and it a great advantage since it is the transfer of digital assest; peer to peer transaction or network.

Talking of peer to peer transaction :this is the direct payment without a third party.

• Records in crypto ledger can't be reversed or changed: for example in a bitcoin block chain if a transaction is made the ledgers in the blockchain would record the transaction automatically. That is fraud can't be made in the block chain , if a computer is trying to rewriter the ledger or saying another transaction which is either fake or replaced other ledgers would be notified.

Conclusion.

Feel free to comment if you think that the information is not adequate or enough and I am not really a expert in crypto currencies so don't expect much from me . And I thank all crypto writers in different communities cause they are the source of my writing, don't forget this information is based on research.

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