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Who is Satoshi Nakamoto? – 5 mysteries and question about Bitcoin founder

Satoshi Nakamoto is credited as the creator of Bitcoin; he wrote its white paper and built the first blockchain database. The name itself is believed to be pseudonymous and trends online every once in a while. Satoshi Nakamoto’s identity is still hidden for over 11 years. Here are some of the most asked question about the elusive visionary:

1. How much is Satoshi Nakamoto worth?

He is estimated to own at least 1 million Bitcoin (BTC) as the founder and this takes his net worth to $48 billion. According to Finty, the Satoshi wallet has 5% of all the Bitcoin ever mined and no transaction has been made using its address.

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2. Did Satoshi Nakamoto disappear?

No one knows for sure. There are several theories about what may have happened to him. One school of thought claims that Nakamoto never started Bitcoin to make money, which is why he took a step back immediately the crypto launched. Meanwhile, others claim that the CIA may have had a hand in his disappearance, you can see more on that here.

3. Is Satoshi Nakamoto a real person?

Another explanation as to why the founder of Bitcoin has never been revealed is that the name could be a pseudonym referring to a group, rather than one person.

4. Who is the richest Bitcoin owner?

Expectedly, Satoshi, who founded the concept itself, should be the richest Bitcoin owner. However, since there is no proof of his existence, Forbes listed Changpeng Zhao, CEO of Binance, as the richest Bitcoin owner in the world with $65 billion to his name. Other notable names are Sam Bankman-Fried (CEO of FTX), Brian Armstrong (CEO of Coinbase), and others.

5. Who has claimed to be Satoshi Nakamoto?

Since the identity is seemingly up for grasp, several people have claimed to be Satoshi, while others have been accused of being the founder of Bitcoin. Here are three of the most noteworthy: Computer scientist Craig Wright has claimed to be Satoshi Nakamoto on two occasions, and that he co-created Bitcoin with David Kleiman. Dorian Nakamoto had been fingered as the founder of Bitcoin because of the common last names and Japanese connections, but he denied the claims. Nick Szabo was one of the earliest pioneers of digital currency and many of his early works made it into Bitcoin’s terminology and workings.

However, despite all the speculations and investigations, it is still largely believed that Satoshi’s identity has remained untouched.

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Onwuasoanya Obinna

A reader of books and stringer of words. Passionate about Science and Tech. When not writing or reading he is surfing the web and Tweeting.