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Is Satoshi Nakamoto Alive and Writing a Book?



/ Latest / 2018/06 / Is-Satoshi-Nakamoto-Living-and-writing-a-book /

Is Satoshi Nakamoto alive and writing a book?

Satoshi-Nakamoto-Alive-and

A place has emerged purporting to come from the creator of Bitcoin, Satoshi Nakamoto, in which the author intends to plan a two-part book and make an excerpt to the book To answer some common questions Questions about Bitcoin

The article, dated 29 June 201

8, appears on a website called the "Nakamoto Family Foundation" and makes two key points:

  • There are "no guarantee that the book will ever be created" that "it is currently only a possibility for the moment".
  • An excerpt from the book was provided to give a "brief insight into the story" as well as answers to "most of the questions raised" about the origin of Bitcoin

Here are a few passages from the excerpt:

  • "The principles for Bitcoin come from the Cypherpunks, a community I naturally have just fourteen years old, a place where anonymity was as fundamental as breathing, where you are completely free to have genuine freedom of speech in an open society and could express anonymously. "
  • " Satoshi Nakamoto is not a real name, especially a legal name, it is primarily the essence of thought and reason, I wanted the most common name that I knew no one outside of Japan would have Remembering that Satoshi Nakamoto was "John Smith."
  • "In April 2009, Mike Hearn emailed the project for the first time for all purposes and purpose Mike appeared to me as someone who knew what he was talking about but was eager to learn new things. His curiosity awoke me as curious and asked me if Bitcoin is based on a "global chain" or many others that today is usually referred to as "blockchain". I've pointed out that this is all part of a global chain, with all the blocks that form part of this chain. "
  • " I do not think anybody knows that, but the word Blockchain only came into play after the fact. Prebitcoin, it was referred to as the time chain. Because it was not about the blocks at the beginning, but about the time, more precisely to the exact time intervals in which the blocks were released. Before they were hard-coded for the rest of the chain. In the finalized version, version 2, this was changed to blockchain, as it became more and more obvious to me that blocks were the underlying element in the chain, not just through time. So the public would at least perceive it. You see, Bitcoin, the one you saw, the one from which you bought or sold coins, is actually version 2. Similarly, the word fork only came into play after the fact, because prebitcoin was called a branch point , "
  • " Mike also raised questions about scaling, and in terms of his concerns, I used the example of the Visa network, which at that time handled 15 million transactions a day (now about ten times that). Bitcoin was already able to scale much larger. That's how I thought. "
  • " Why did it succeed? I attribute it to a few factors. I see the fact that something like the Blockchain, which had already been done in a similar way, but without much fanfare, was not the main reason, but because of the nature and premise of Bitcoin. Once upon a time there was this idea that you could generate your own form of money. That's the primary and only reason, because it's related to this thing called money. It was not about the professionalism of the code or the novelty, but because it had to do with money. It was about money. That's something people worried about. "
  • " Mike was one of the few people who saw the likelihood of ASICS (application specific integrated circuits), and he intelligently had the option, like me, of getting used to special hardware for Bitcoin mine. By definition, ASICS are custom chips built for a single purpose, in this case bitcoins. Early on, I wanted everyone to be able to search for bitcoins with a standard PC. But as I soon realized, people had already started to find ways to play the system with special hardware. But for most of a year, I was usually the only one who consistently used the network and mined the coins themselves. "
  • " I suspected that most nodes would eventually use their graphics devices it became possible to mine Bitcoin for Universal CPUs. And it made perfect sense if your goal was to reach as many as possible. Why should you use a CPU if you can work much faster with a GPU? That (CPUs) was what most users had at the time gave me reason to mention that there were more sophisticated options, so I started with them. I was aware (ASICS), yes, I did not really want to start an arms race for a few users' network, but I did not care how anyone decided to mine for them, no matter which method they chose, I gave it to them Leave individuals to find out. Although I wanted users to use their PCs and stay for a while. Still, some had begun to see Bitcoin gain value and the focus began to shift … "
  • " This is still a hot topic of discussion, transaction fees. Prebitcoin, I had decided to take the transaction fee into account, and set the fee at 1 cent (to give you a perspective, a Bitcoin today is a hundred million cents or "satoshi", a ridiculously small amount), but I knew that I wanted to change this later and make it a user option, with the optional fee being zero to start. In retrospect, I should have kept that, as the transaction fees skyrocketed and went awry, almost to the point where it became superfluous. But for the same reason people are working on it now, scale means X-Illions, replace x with any prefix, Bi, Tri, etc.). At some point Bitcoin is unlikely to rely on transaction fees at all. Fees could one day no longer be used as an incentive. Just as the US dollar is used by more than 60% of the world's population, it all boils down to one thing: trust. Replacing the dollar with the yen or pound tomorrow would only mean people trusting him more and using him for that reason. The same thing could happen to Bitcoin. If it becomes popular enough, it also has the same potential to be considered as a widely used, accepted and familiar form of currency. "
  • " People may forget that fact now, but for the first year it was really mainly me who was the only and active participant in the network. I've retained it, used it, made changes to the code, fixed bugs, and promoted its use. Initially, most people installed Bitcoin only once and never used it again to bypass its purpose. The only person who really shook off the first year and stuck with it was Hal Finney. "
  • " Other concerns that keep cropping up are the size of the blocks I can say, an inadvertent result that no one could have easily foreseen in the beginning, but a solution could be quite easily implemented. What it takes is a consensus that is always hard to achieve (more it seems to be now), but the size of the blocks at the end would not matter much on the client side. As soon as mining pools are the only ones using mining, most will be unaffected on the client side and in fact will only buy or sell Bitcoin. Most users are not actively running as nodes today. "
  • " In June 2010, Gavin introduced himself as an avid and skilled programmer who wanted to take the initiative and wanted Bitcoin to be successful from day one. From the time of the dismissal and even to the moment when I left the community and had already decided to go on, I never made it an issue to talk about myself. I answered technical questions, all other (personal) questions that I dealt with. Cypherpunks and those in the cryptography community knew that they should not ask these kinds of questions, but some programmers (who did not finger them here), some of whom used their real names, this was a question they believed that she could be addressed. "
  • " Many may first ask themselves what the reasons for the firm offer are. Why 21 million? The truth is, it was a well-founded guess. The math worked or as close as I wanted. However, before settling on 21 million, I had thought about making 100 BTC as a reward and 42 in response to life, the universe, and everything. But I feared that others would regard my reference to Hitchhiker's Guide to the Galaxy as jokes, and at the expense of not being taken seriously, I changed the value to 21 million.

If you finally decide to "Satoshi" over the foundation, he / she has kindly indicated an e-mail address in the above post [email protected] although there is a warning that you should not expect that "Satoshi" verifies this account itself.

Featured Image Credit: "Bitcoin Crypto Coin Stock" from "Crypto360" via Flickr, licensed under "CC BY 2.0"


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