Bitcoin Creator Satoshi Nakamoto Might Have Written This Note
The crypto market looks pretty good today with Bitcoin still trading in the green and still being priced above $7,500.
At the moment of writing this article, the most important coin in the crypto market is trading at $7,578.96.
A post from 1999 might have been written by Satoshi Nakamoto
It’s been revealed that Blockstream chief executive and cryptographer Adam Back said that there’s a 200-word post from back in 1999 – a decade before BTC was launched – seems to carry the hallmarks of the anonymous creator of BTC Satoshi Nakamoto.
According to the reports coming from the online publication the Daily Hodl, the text is a part of a back and forth among the cypherpunks – this is a group of activists who emerged in the late ‘80s – this is advocating cryptography, personal privacy, and anonymity.
Back is referenced in the BTC wallpaper. It’s also worth noting that he’s a longtime member of the movement and the inventor of Hascaash as well – this is a system that became a cornerstone for BTC.
A mysterious note
In more tweets, he said that there’s a post from the early days that features an anonymous author who had various BTC ideals which included how to successfully secure a virtual currency in a decentralized way.
“One possibility is to make the double-spending database public. Whenever someone receives a coin they broadcast its value. The [database] operates in parallel across a large number of servers, so it is intractable to shut it down,” he said as quoted by the online publication mentioned above.
Check out the tweet below:
— Adam Back (@adam3us) April 17, 2020
It’s important to note that at one point, there’s written “over night” instead of “overnight” and this is a mistake that Nakamoto would not make. It could also be a type as Back said.
A highly-skilled cryptographer, Back developed HashCash, the proof-of-work anti-spam mechanism. Now the CEO of Blockstream, one of the major founders and development teams behind Bitcoin Core, Back often speaks on the benefits of Bitcoin, and presented at the G20 Meeting of Finance Ministers this year.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.