• The Informer Post
  • Posts
  • Blockstream CEO: Bitcoin (BTC) Creator Satoshi Nakamoto May Have Written This Newly Discovered Post

Blockstream CEO: Bitcoin (BTC) Creator Satoshi Nakamoto May Have Written This Newly Discovered Post

April 22, 2020

Blockstream chief executive and cryptographer Adam Back says a 200-word post from back in 1999, a decade before Bitcoin was launched, appears to carry the hallmarks of the anonymous creator of Bitcoin known as Satoshi Nakamoto.

The text is part of a back and forth among the cypherpunks, a group of activists who emerged in the late 80s advocating cryptography, anonymity and personal privacy.

Back, who is referenced in the Bitcoin whitepaper, is a longtime member of the movement and the inventor of Hashcash, a proof-of-work system that ultimately became a cornerstone for BTC.

[the_ad id="93550"]

In a series of tweets, Back says he has unearthed a post from the early cypherpunk days featuring an anonymous author who spouted a number of Bitcoin’s ideals, including how to successfully secure a virtual currency in a decentralized manner.

“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.”

I liked this 1999 anon post in reply to my post in an ecash discussion thread wrestling with the limits of then protocols https://t.co/8DeAhFLP4M even sounds a bit like. pic.twitter.com/iH9qiDYndl

— Adam Back (@adam3us) April 17, 2020

However, at one point, the author writes “over night” instead of “overnight” – a mistake that would be out of character for the notably meticulous Nakamoto.

Back says the error is noteworthy, but calls it more of a typo than a misspelling.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.