Who is Satoshi Nakamoto?
Bitcoin is a decentralized digital currency that was created and released on January 3rd, 2009 by inventor Satoshi Nakamoto. Ok, so who is Satoshi Nakamoto? Nobody knows. He worked with the late Hal Finney, Mike Hearn, and others late in 2008 and early 2009 on the concept.
He has never been seen, and only been contacted by computer. It seems the world lost computer contact with him not long after Bitcoin was made available to the public.
Many have been accused of being Satoshi Nakamoto, and if you have seen how these people have been treated afterwards by the mainstream media, you might realize why the true inventor of Bitcoin has not made himself a public figure. It's not the kind of attention you'd want. Your safety, security, and the future of Bitcoin would be at risk.
Satoshi Nakamoto may be a person, a company, a woman. We may never know. It is probably not the creator's real name, either. What we do know is that Nakamoto may have created the most technologically advanced protocol known to mankind, solving many problems the world has struggled with for decades, even centuries.
Nakamoto's Bitcoin solved these payment transfer problems through “encryption”, similar to what you use in your online bank account to keep your financial accounts safe and private. These security breakthroughs have many potential future applications in everything from banking and micro- payments, to a new world of digital currencies, like Bitcoin!
So what does this mean to you? Bitcoin will serve three different functions, based on the desires of the user. One, it can function as a measure of value, to hold value “virtually” within. Two, as a means to easily, even pseudonymously, transfer value globally online through a peer-to-peer network anywhere, at any time. And three, as a currency that can be used to buy, sell, and trade goods and services.
What does it mean to be a “decentralized” digital currency?” This means it has no actual central point of control, designed much like “The Internet” itself. Bitcoin has no CEO and is not privately held by any company. No government or corporate management, or corruption, can be built into it. It lives in the global Internet, and is created by people, for people to use. It is similar to an MP3/MP4 in it’s peer-to-peer sharing ability and ease of use, if you have no need for the technical aspects of it.
If you will, remember back 15 years ago, when compact discs were all the rage. And sites like Napster brought about peer-to-peer file sharing digitally by MP3. No longer did you have to physically mail a compact disc to send someone an album or song. And these technical innovations paved the way for things devices like the iPod to change the way we listen to music, or now, watch videos and movies in digital form. Bitcoin has the same effect, and removes many inherent flaws in the dollar, or fiat currencies as a whole.
He has never been seen, and only been contacted by computer. It seems the world lost computer contact with him not long after Bitcoin was made available to the public.
Many have been accused of being Satoshi Nakamoto, and if you have seen how these people have been treated afterwards by the mainstream media, you might realize why the true inventor of Bitcoin has not made himself a public figure. It's not the kind of attention you'd want. Your safety, security, and the future of Bitcoin would be at risk.
Satoshi Nakamoto may be a person, a company, a woman. We may never know. It is probably not the creator's real name, either. What we do know is that Nakamoto may have created the most technologically advanced protocol known to mankind, solving many problems the world has struggled with for decades, even centuries.
Nakamoto's Bitcoin solved these payment transfer problems through “encryption”, similar to what you use in your online bank account to keep your financial accounts safe and private. These security breakthroughs have many potential future applications in everything from banking and micro- payments, to a new world of digital currencies, like Bitcoin!
So what does this mean to you? Bitcoin will serve three different functions, based on the desires of the user. One, it can function as a measure of value, to hold value “virtually” within. Two, as a means to easily, even pseudonymously, transfer value globally online through a peer-to-peer network anywhere, at any time. And three, as a currency that can be used to buy, sell, and trade goods and services.
What does it mean to be a “decentralized” digital currency?” This means it has no actual central point of control, designed much like “The Internet” itself. Bitcoin has no CEO and is not privately held by any company. No government or corporate management, or corruption, can be built into it. It lives in the global Internet, and is created by people, for people to use. It is similar to an MP3/MP4 in it’s peer-to-peer sharing ability and ease of use, if you have no need for the technical aspects of it.
If you will, remember back 15 years ago, when compact discs were all the rage. And sites like Napster brought about peer-to-peer file sharing digitally by MP3. No longer did you have to physically mail a compact disc to send someone an album or song. And these technical innovations paved the way for things devices like the iPod to change the way we listen to music, or now, watch videos and movies in digital form. Bitcoin has the same effect, and removes many inherent flaws in the dollar, or fiat currencies as a whole.