Satoshi Nakamoto

thumb|If you don't believe me or don't get it, I don't have time to try to convince you, sorry. Satoshi Nakamoto is the name used by the presumed pseudonymous person who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. As part of the implementation, Nakamoto also devised the first blockchain database. In the process, Nakamoto was the first to solve the double-spending problem for digital currency using a peer-to-peer network. Nakamoto was active in the development of bitcoin up until December 2010. Many people have claimed, or have been claimed, to be Nakamoto. Quotes I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. 1 November 2008 The Times 03/Jan/2009 Chancellor on brink of second bailout for banks Bitcoin Genesis Block quoted on 9 January 2009 in "Bitcoin Genesis Block Explained: Key Facts, Secrets, and Significance", Investopedia (25 September 2025) The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime. Because of that, I wanted to design it to support every possible transaction type I could think of. The problem was, each thing required special support code and data fields whether it was used or not, and only covered one special case at a time. It would have been an explosion of special cases. The solution was script, which generalizes the problem so transacting parties can describe their transaction as a predicate that the node network evaluates. 17 June 2010 Fortunately, so far all the issues raised have been things I previously considered and planned for. 18 June 2010 Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone. 21 June 2010 If you don't believe me or don't get it, I don't have time to try to convince you, sorry. 29 July 2010 It would be unwise to have permanently recorded plaintext messages for everyone to see. It would be an accident waiting to happen.If there's going to be a message system, it should be a separate system parallel to the bitcoin network. Messages should not be recorded in the block chain. The messages could be signed with the bitcoin address keypairs to prove who they're from 23 October 2010 External links The Complete Satoshi Category:People associated with cryptocurrency Category:Unidentified people