Getting Started Series 10 - Who created Bitcoin?
On November 1, 2008, a mysterious cryptography geek under the pseudonym Satoshi Nakamoto published a Bitcoin white paper on the Internet.
He stated in the white paper that this is a peer-to-peer electronic cash system, so what is the difference between Bitcoin and traditional currencies? Satoshi Nakamoto said: "The most fundamental problem with traditional currencies is trust. The central bank must make people believe that it will not devalue the currency, but such credibility has never existed in history. Banks must make people trust that it can manage well. Money and let this wealth circulate in the form of electronic money. But banks use money to create a credit bubble, which is a shrinking of private wealth."
Bitcoin, this new currency model, is different from the traditional model in several ways. First, it is not issued by a central agency. Second, its total amount is constant at 21 million and never over-issued. Moreover, all transactions in Bitcoin are Recorded in a public ledger, so that everyone can view and everyone can participate in bookkeeping, which not only ensures the openness and transparency of the entire system, but also ensures that the currency will not depreciate due to spamming.
On January 3, 2009, Satoshi Nakamoto recorded a historic moment on the first page of the Bitcoin ledger, that is, the headline of the day of the Times-The Times 03/Jan/2009 Chancellor on brink of second bailout for banks)
In the blockchain world, Satoshi Nakamoto is famous: he is the inventor of Bitcoin, the pioneer of the blockchain, the pioneer of the concept of decentralization, and a liberal. He is also an expert in cryptography, an economist, and society. A scientist, the world's top developer, a Nobel Prize in Economics candidate, a legend like Jesus... He has too many titles and auras.
At the end of 2010, Satoshi Nakamoto left the project without revealing much about his identity. Since then, many developers have worked on Bitcoin projects, and the Bitcoin community has grown rapidly.
Bitcoin's protocol and software are publicly released, and any developer around the world can view its code or develop their own modified version of the Bitcoin software. Just like the current developer, Satoshi Nakamoto's influence is limited to the changes he made and were adopted by others. Therefore, Satoshi Nakamoto does not control Bitcoin. So, today, the issue of the identity of the inventor of Bitcoin may be the same as that of the inventor of paper.
Up to now, Bitcoin has been born for more than ten years, and no one knows who Satoshi Nakamoto is, which country he is from, a person or a group of people. So far no one knows who he is, he may be the most mysterious person on the planet.