Who is Satoshi Nakamoto, and why it doesn’t matter.
If you are wondering who is the mysterious creator of Bitcoin who owns 1000000 BTC (!), in this article we are going to see why it doesn’t matter who that person is.
Identity of Satoshi Nakamoto
The bitcoin white paper was released on January 9 2009 by an anonymous contributor whose name is Satoshi Nakamoto. This paper has changed the world for ever and is only 9 pages long… So the question that everybody asks is: Who wrote this paper ? Who is Satoshi ?
The reality is nobody knows who is Satoshi Nakamoto, we don’t know if it’s a man, a woman or a group of individual. We don’t know if he is a good person, or a bad person.
Identity doesn’t matter in a system ruled by math
If I ask you who is Euclide ? Have you met him ? Do you know if Euclide was a male, female or a group of person? No. Nobody knows who Euclide is and it doesn’t matter simply because the rules created by him are math based. The geometry rules he described works no matter what. No one cares about who he was. It doesn’t matter who Satoshi Nakamoto is. Satoshi doesn’t control the code of Bitcoin. And since Bitcoin is based upon mathematical rules, you can replicate those same rules and create another digital currency like bitcoin, and you will no more power on it than Satoshi has power over Bitcoin. Because those mathematical rules works no matter who invented them.
A blockchain is a database accessible to people all over the world and operating without a trusted third party. It uses advanced cryptographic techniques to reward those who process and secure this data (in the case of Proof-of-Work). Since the Ethereum blockchain, this database has become programmable with the implementation of Smart-Contracts, decentralized applications (Dapps), and decentralized organizations (DAOs).
Today the art market represents more than 14.58 billion euros in transactions. Most works of art have an extrinsic value, which is mainly based on the certificate of authenticity provided by third parties: the artist himself, but also gallery owners, art dealers, auctioneers, museum curators, and private experts. However, according to Bloomberg, nearly 10% of the value of transactions on the art market comes from forgeries.