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Why It Matters Who the Real Founder of Bitcoin Is

by Carmel Isaac
July 11, 2022 2:54 am EDT
Reading Time: 3 mins read
Bitcoin

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Bitcoin is a digital currency that was created in 2009. While many people believe that Bitcoin was created by a man named Satoshi Nakamoto, this has never been confirmed. There is no evidence to support this claim. So, who founded Bitcoin? And why does it matter?

The answer to this question is not clear. There are many theories about who the real founder of Bitcoin is, but no one knows for sure. Satoshi Nakamoto could be a man, a woman, or even a group of people. We know that Satoshi Nakamoto is a pseudonym, and the true identity of the person (or people) behind this name has never been revealed.

So, why does it matter who the real founder of Bitcoin is?

1. It Could Help to Confirm or Dispel Some of The Myths

For example, if Satoshi Nakamoto is revealed to be a man, this would dispel the myth that a group of people created Bitcoin. On the other hand, if Satoshi Nakamoto is revealed to be a woman, this would confirm the myth that a woman created Bitcoin.

Revealing the true identity of Satoshi Nakamoto could also help to clear up some of the confusion surrounding Bitcoin’s origins. For example, many people believe that Bitcoin was created in response to the financial crisis of 2008. However, if Satoshi Nakamoto is revealed to be a Japanese citizen, this would suggest that Bitcoin was created independently of the financial crisis.

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2. It Could Help to Understand the Motivations Behind Bitcoin

Satoshi Nakamoto’s true identity could also shed some light on the motivations behind Bitcoin. For example, if Satoshi Nakamoto is revealed to be a libertarian, this would suggest that one of the motivations behind Bitcoin was to create a currency that is not subject to government control. On the other hand, if Satoshi Nakamoto is revealed to be a computer scientist, this would suggest that one of the motivations behind Bitcoin was to create a more efficient way of conducting transactions.

3. It Could Help Assess the Risk of Investing in Bitcoin

Investors often consider the founder’s identity when assessing the risk of investing in a company. For example, if an experienced entrepreneur founds a company, this is generally seen as a positive sign. However, if someone with no prior experience founds a company, this is generally seen as a red flag. The same principle applies to Bitcoin. If Satoshi Nakamoto is revealed to be an experienced economist or investor, this would suggest that Bitcoin is a less risky investment. On the other hand, if Satoshi Nakamoto is revealed to be a teenage hacker, this would suggest that Bitcoin is a riskier investment.

4. It Could Help to Assess the Future of Bitcoin

The identity of Satoshi Nakamoto could also have implications for the future of Bitcoin. For example, if Satoshi Nakamoto is revealed to be a well-known figure in the tech industry, this would suggest that Bitcoin has a bright future. On the other hand, if Satoshi Nakamoto is revealed to be someone with no prior experience in the tech industry, this would suggest that Bitcoin’s future is less specific.

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Conclusion

Revealing the true identity of Satoshi Nakamoto is important for many reasons. However, it is also important to remember that Bitcoin is more than just one person. It is a decentralized network of computers worldwide that are working together to keep the Bitcoin system running. So, even if we never find out who Satoshi Nakamoto is, Bitcoin will still be here.

Carmel Isaac

He has worked with various business magazines like Business Today Outlook as a freelancer before joining the team. he is an addicted reader of self-help books, fiction, and journals.

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