Monday is the 14th anniversary of the white paper by Satoshi Nakamoto that led to the launch of bitcoin.
On Oct. 31, 2008, a person or a group of people using the pseudonym Satoshi Nakamoto sent a 9-page paper to a mailing list of cryptographers, outlining a “peer-to-peer electronic cash system” called bitcoin BTCUSD. In January 2009, amid the aftermath of a worldwide financial crisis, Nakamoto launched the Bitcoin network.On Oct.
Nakamoto’s identity remains a mystery. The entity ceased activity in 2011 after posting on message boards and exchanging emails with other developers in the first two years after bitcoin’s invention. An Australian computer scientist Craig Wright has claimed publicly that he is Nakamoto, but has yet to provide any concrete evidence to prove it. The bitcoin community soon dismissed the claim. Wright didn’t immediately respond to a request seeking comment for this article.The identity of Nakamoto still matters to the bitcoin community, not only because of his reputation, but also as he owns roughly 1 million bitcoin, which were valued at over $20 billion on Monday.
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