Did The New York Times Find Satoshi ? - Essay Example

The New-York Times suspects Nick Szabo to be the mysterious Satoshi Nakamoto.

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Satoshi Nakamoto is one of the greatest mysteries of the digital age. The search for the identity of Nakamoto has lasted years, with countless of theories, but a new evidence suggests that a man who has been considered a possible Nakamoto may indeed be the inventor of bitcoin.

The New York Times has published a long- from piece which is aimed precisely at this question and this man. He name is Nick Szabo, an American “large bearded” man of Hungarian descent.

Even though Szabo is nearly as much of a mystery as Satoshi, even if for years people have suspected him of being involved with the original bitcoin project in some capacity.

The most notable contribution of Szabo was a Bitcoin predecessor known as ‘bit gold’ that has achieved many of the same goals using similar tools of advanced math and cryptography.

The Times’ article goes quite deeper than this theory and offers a few bits of possible evidence:

Szabo joined a bitcoin- based startup known as Vaurum, which began as a potential bitcoin exchange.

Based on his vast knowledge of the bitcoin software, Szabo helped it shifting the attention of company toward bitcoin’s ability to make “so- called smart contracts.”

With Szabo’s help, Vaurum reportedly revolved around its business model, renamed itself Mirror, and raised $12.5 million in venture capital.

Szabo is also known to be a member of an online community called Cypherpunks, which “set out to create digital money that would be as anonymous as physical cash.”

Since 1998 Szabo tried to get bit gold up and running. In 2008 he wrote a blog post looking to resurrect his bit gold project.

Then, according to The Times, Szabo did something suspicious, he “changed the date on that blog post. It then looked as though it was written after bitcoin’s release, rather than before, arrived versions of the website show.

Along with that, Szabo’s writing about bit gold was extraordinarily similar to the way Nakamoto wrote about bitcoin.

In 2014, researchers at Aston University, in England, compared the writing of several people who have been suspected to be Satoshi and found that none matched up nearly as well as Mr. Szabo.

Jack Grieve, the lecturer who led the effort concluded that the writings of Szabo have “uncanny” similarities to the writing of Nakamoto.

While every techie wants to know the truth behind bitcoin, Nakamoto has been paid off the grid for a reason –he simply doesn’t want the press.

But that will not stop the enthusiasts from trying to solve the mystery.

Newsweek published a cover story last year about who it thought the bitcoin man was, but the article received a swarm of criticism.

Other theories suggest that Nakamoto is not a person but rather a group of people.