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April 25, 2022

What happened to Satoshi Nakamoto, the inventor of Bitcoin?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today’s episode about Satoshi Nakamoto sounds like a mystery novel - but it really happened. And stay tuned until the end for some interesting numbers on how rich they would be today.

We don’t actually know much about the inventor of Bitcoin, only that she or he went by the pseudonym of Satoshi Nakamoto. They anonymously proposed the idea of Bitcoin in 2009. After its release, they went on to be the first to use and mine it.

What happens after is like an unsolved detective story. The first person known to use Bitcoin was a cryptography programmer called Hal Finney. He had email contact with Nakamoto and became the first recipient of Bitcoin. Although suspected to be them, he denied it until his tragic death from ALS in 2014.

After many years of speculation, a reporter found that a man named Dorian Satoshi Nokamoto lived in the same town as Finney. Case closed? Far from it. He also denied the connection vehemently, saying it was a coincidence.

To this day, the real identity of the inventor of Bitcoin is still unknown, and many more people have been suspected of it. What is fact though, is that they never withdrew a single Bitcoin from their numerous wallets, which at the peak would have made them the 15th richest person in the world with over $70 billion dollars worth of Bitcoin. Wow!

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