Ryan Van Wagenen has been involved in private equity on an international level for nearly 10 years. In 2011, he was promoted to Director within Global Private Equity and began covering technology. This led a few years ago to the firm placing investments in blockchain related goods and slowly entering into Bitcoin and other cryptocurrency.
Bitcoin was perceived as a communal project. Established as open-source software and publicized to the public in 2009, Bitcoin was perceived with openness in mind that works on an open ledger which is available to the public. Bitcoin is one of those open-source projects. But, there are still some mysteries, which remains unexplained.
Who Made Bitcoin?
There are a lot of interrogations about Bitcoin, but the most typical one to be asked is who made it. The answer to this question isn’t straightforward, as the character of the inventor remains to be a mystery. What we have is only a pseudonym – Satoshi Nakamoto. The financial records aren’t longer active, and the coins to his wallet are never spent.
Way back 2008, Nakamoto published his now sought-after White Paper that laid the groundwork for the protocol of Bitcoin. He was extremely involved with the Bitcoin community and cooperated with them to tailor the underlying Bitcoin protocol. Two years after involvement, he handed the reins to Gavin Andresen and held participation along with the Bitcoin project last 2010 of December.
In 2011, he returned to leave the last message. He told in a post that he needs to move on to other things and that Bitcoin is now in good management of Gavin. It was the final phase where the world heard of the mysterious creator of Bitcoin.
Ryan Van Wagenen has always felt like the secret behind the identity of Satoshi Nakamoto has only developed as the Bitcoin community enthusiastically speculates who it could be. Nakamoto claims to be a Japanese citizen who was born on 5th of April 1975.
Up to this day, it is still unknown whether Nakamoto is a man or a woman, or whether if he’s a single individual or a group of people.
Is Satoshi Nakamoto a British?
While the identity of Nakamoto is still unknown to many, it has not stopped Bitcoin fanatics from searching his background and drawing up some conclusions about his true character. His use of sound English in all his posts, as well as his journal of the White Paper, has upraised skepticism as to his Japanese origin.
On top of that, his occasional use of British English in the comments and code has fired assumptions that he’s a native English speaker of Commonwealth origin. In fact, Stefan Thomas who is an active member of the Bitcoin community and a Swiss coder gathered the time stamps of over 500 posts of Satoshi Nakamoto. It shows Nakamoto’s complete absence of posts in the middle of midnight a.m. and 6 a.m. Greenwich Time. That further tells investigators and other enthusiasts about Satoshi’s possible locations.
Does Anyone Recognize Who Satoshi Nakamoto Was?
No. However the detective strategies people utilize when identifying are often more intriguing than the real answer. According to Joshua Davis, a New Yorker, he thought that Nakamoto was Michael Clear. Clear was a cryptography graduate student at Trinity College in Dublin.
Davis came at his conclusion by assessing 80,000 words of online writings of Nakamoto and looking for linguistic clues. He also assumed Vili Lehdonvirta, a former game developer, and Finnish economic sociologist.
Both have repudiated being the inventor of Bitcoin. Michael Clear openly denied being Nakamoto Satoshi at the Web Summit last 2013.
Wei Dai, Michael Weber and Hal Finney and some other developers were among those who are frequently named in online discussions and media reports as potential Satoshi. A team of linguistic specialists from Aston University thinks the real founder of Bitcoin was Nick Szabo. They based their theory on their analysis of Satoshi’s Bitcoin White Paper.
Dominic Frisby, a writer, and a comedian also claimed that Szabo was the most likely runner to be Nakamoto in his publication Bitcoin: The Future of Money. His thorough investigation consists of the linguistic writing of Satoshi, arbitrating the degree of technical skill in C++.
In the book of Nathaniel Popper, Digital Good released in 2015, he revealed that in an unusual meeting at an event, Szabo denied that he was Bitcoin’s founder.
Ryan Van Wagenen of Global Private Equity feels that for the majority of these parts, all of those potential Nakamoto’s have asserted that they are not the real Satoshi.
How Much Is Nakamoto’s Net Worth?
In a world where information is extremely prevalent, Satoshi Nakamoto was able to keep his identity a total secret. Hence, why is unveiling his identity so crucial? To simply put, if Satoshi is indeed a single person, then he or she acquires at least five percent of the Bitcoin supply of the world. It puts him or her as the 52nd world’s richest person as of December 12, 2017.
The allegations of this rich are massive, beyond even the real world effects. If Nakamoto were ever to trade the believed 980,000 Bitcoins in his or her assets, the cost of Bitcoin could become more unpredictable than it already is.
The Future of Bitcoin and Satoshi
Ryan Van Wagenen now resides in Cottonwood Heights and feels strongly that Bitcoin has not and never took place in a vacuum. It was not something that showed up out of the blue. However, it was developed by building off concepts of different people over many years. While Satoshi assisted push on the market to new limits, he is not the only individual or person capable of doing so.
Nakamoto has been influential in the cryptocurrency market for certain period. However, he also hasn’t been involved in it in any significant way since 2010. The majority of the open-source code has been revised by a team of programmers whose identities are recognized, which draws focus away from Satoshi.
As mentioned above, Satoshi is estimated to be worth more than $20 billion in spite of his anonymity. Knowing who possesses that much money could certainly have long-lasting consequences, but won’t likely influence the future of cryptocurrency.
To sum up, determining the creator of the sought-after and ever-increasing Bitcoin may be an unrealistic task. Satoshi Nakamoto’s complete silence since the spring of 2011 denotes it’s likely we’ll never hear from him or her again. Nonetheless, Bitcoin will continue despite this secret. The Bitcoin community will be obliged to live with the mystery if Satoshi Nakamoto is real or not. For now, the identity of the founder of cryptocurrency will be keep as a mystery. But other currencies like Bitcoin will continue to have enduring impacts on money for quite a long time.