As Cryptocurrency Plummets, the Father of Bitcoin Is Still Nowhere to Be Found

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In 2008, Satoshi Nakamoto appeared out of the ether to establish the world's first cryptocurrency. Then he disappeared just as abruptly.

in 2008 on a cryptography mailing list describing a digital currency that would allow secure, peer-to-peer transactions without the involvement of any middleman, whether that be the government, financial system or a company.

Bitcoin is open source, meaning its design is public. No one person owns or controls Bitcoin, and anyone can participate. While Satoshi continued to control Bitcoin’s development, users and developers congregated in Bitcoin forums to contribute code and work on the project, which had become a collaborative effort. The users running the Bitcoin software were the ultimate authority.

Suspicion also fell upon Nick Szabo, a secretive crypto expert who contributed significantly to the development of Bitcoin. Linguistic researchers analyzed Szabo’s writing as well as writing from other suspected Satoshis. The linguists claimed that there were definitive similarities between Szabo’s writings and Satoshi Nakamoto’s. Theeven went so far as to pin Szabo as the shadowy Nakamoto, but Szabo strenuously denied the claims.

 

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