After five years of being silent, an X account that purportedly belongs to Bitcoin’s pseudonymous founder Satoshi Nakamoto has resurfaced.
Plans for the Bitcoin White Paper
The last time any post was made by the Satoshi Nakamoto entity on the X app was on October 31, 2018, and since that time, nothing has been heard from the account. In the mid-morning hours of October 2, a post featuring the leading digital asset was posted by the account.
In the post, Bitcoin was called a ‘predicate machine’ that contains certain unexplored aspects that are important. The pseudonymous creator promises to delve into these aspects which were not explicitly disclosed within the Bitcoin whitepaper in the coming months.
Bitcoin is a predicate machine. Over the following months, we shall explore different aspects that were not explicitly contained within the white paper. These aspects are all parts of bitcoin, and are important. Some of these ideas were touched upon in the early years; now is…
— Satoshi Nakamoto (@satoshi) October 2, 2023
According to Satoshi Nakamoto’s account, “some of these ideas were touched upon in the early years; now is the time to extrapolate and explain” those ideas that seem obscure. Markedly, in less than 24 hours since the post was made, it has recorded more than 1 million views.
Satoshi Nakamoto first released the highly acclaimed Bitcoin whitepaper about 15 years ago when he introduced the digital currency. The document which detailed the investor’s vision for the currency was introduced on metzdowd.com. Satoshi explained that Bitcoin was designed as a new electronic cash system that is fully peer-to-peer and makes no room for a trusted third party.
For the inventor, the token was more of an alternative to the mint-based model used in traditional digital payment systems. It is strongly believed that the code for Bitcoin was written before the whitepaper came into existence.
Who is Satoshi Nakamoto?
Meanwhile, there has been an unclear air about Satoshi Nakamoto. His true identity remains unknown to this day and so far, a number of people have come up to say that they are Nakamoto. Australian computer scientist Craig Wright has repeatedly claimed that he is the inventor of Bitcoin.
Recently, his claims have been questioned again by crypto lawyer John E. Deaton who highlighted the complexity of Satoshi Nakamoto’s mysterious identity. Deaton admitted that Wright may be involved or is in the know about Satoshi Nakamoto but at the same time, he is “too explosive of a personality” to be the real inventor of Bitcoin.
Even with Wright’s claim, the controversy over Satoshi Nakamoto’s identity lingers and this new post on X is further fueling the uncertainty.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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