Satoshi Nakamoto is Not an Individual. - by Dark Empress
The identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has captivated the cryptocurrency community ever since its invention in 2008. Given the recent HBO documentary, Money Electric: The Bitcoin Mystery, which focuses on the identity of Satoshi Nakamoto and peddles the hypothesis that former Bitcoin developer Peter Todd is the enigmatic figure behind Satoshi Nakamoto, I thought it’d be a good time to share my hypothesis surrounding the identity of Satoshi Nakamoto. Personally, the idea of Satoshi Nakamoto being an individual seems neither feasible nor grounded in reality to me. Rather, I believe it is most likely that Satoshi Nakamoto is a pseudonym for a significantly large group that worked together to develop Bitcoin. Before going into my hypothesis, I’ve provided a brief yet comprehensive background explainer describing the processes, systems, mechanisms, and technologies comprising the design of Bitcoin.
As the first decentralized cryptocurrency, Bitcoin was meticulously designed to operate through a network of interconnected nodes in a peer-to-peer (P2P) system. Each node participates in verifying and recording transactions using advanced cryptographic techniques. Bitcoin utilizes a blockchain—a decentralized, cryptographically secured distributed-ledger where each block contains timestamped transactions and the hash of the previous block, forming an immutable chain that ensures transparency and tamper-resistance.
