About Satoshi Nakamoto
The alleged creator of Bitcoin goes by the name of Satoshi Nakamoto and we say that he is the alleged creator as no one has been able to confirm the exact identity of this person until today.
It is even commonly considered that in reality Satoshi is not just one person, but a group of people who worked together to create the technology necessary for Bitcoin to be the first viable cryptocurrency and to grow in anonymity, using Nakamoto as a way of protecting his identity. Of course, the question arises why this person or group of people who created something so interesting and revolutionary does not want to specify that he did it and, on the contrary, decided to hide his identity. And for this question there are a large number of answers, but the most viable ones that have been dealt with are the following: A first belief indicates that precisely because Bitcoin takes power away from central institutions such as governments or large financial intermediaries such as transnational banks, as well , the heads of these organizations would not be happy and would want to find the person or persons responsible for this innovation. And once they identified them, well, they were going to frame them in some way so that they would at least have some form of revenge. So, to avoid problems, the Creator(s) chose anonymity as the best way forward. On the other hand, as the number of businesses that allow Bitcoin payments increases, and therefore the acceptance and use of cryptocurrencies by more and more people, I believe that the value of Bitcoin itself increases, as the more it is used and accepted increases its value. demand and therefore its price increases in value. And like Satoshi, be it a single person or a group of people, they created through the mining process that we will later review a large number of the first cryptocurrencies, because the value of their fortune continues to skyrocket as the value of the coin increases and is Exactly what has been happening lately. Therefore, another of the possible answers proposed to understand this anonymity is the simple protection of the personal and property security of that person or persons.
In fact, it has been calculated that according to the number of Bitcoin units these people have mined, their value according to the exchange rate of Bitcoin with US Dollars on top that cryptocurrencies have reached is about a trillion dollars. , which is a lot of money, so this theory, of course, might also be viable. However, one of the most viable possible answers, and which in fact is generally the most accepted, is that, as we have already mentioned, one of the great advantages of using Bitcoin is the fact that you can quickly open a wallet and, in the same way, very quickly in order to start using this new payment method. All this without the need to wait for complex identity verification processes typical of today’s financial institutions. And of course, thus achieving greater anonymity. Therefore, what this person or group of people, creators of all the technology for Bitcoin, has been seeking is to demonstrate that one can really remain anonymous, even having so many millions of dollars in its equivalent as bitcoins. Wow. The objective is to show how even someone who is so famous and that everyone wants to identify themselves and seeks to manage to remain anonymous if they wish. And of course they did, because we could cite the extremes to which some journalists and other organizations, for example even the government, have gone to identify the creator or creators of Bitcoin without having had any success so far. One important piece of news worth noting was what happened on May 2, 2016, the day that Craig Bright, an Australian businessman, made all the headlines, as he himself proclaimed himself the creator of Bitcoin, although he only did so for a few hours after retracting. And a very strange way in what many have always commented on as an attempt to get this person’s attention, as he has never been able to provide more evidence, enough evidence to convince the general public and people who have studied Bitcoin since its inception. he actually had the possibility to generate the entire Bitcoin protocol, all the technology that is needed for this cryptocurrency to work. The truth is that the mission of demonstrating the creation of value and the use of Bitcoin as a means of payment has been fulfilled, remaining completely anonymous if appropriate measures are taken. And above all that, we would just like to comment on one last very important aspect, which is the fact that, although we do not fully understand all the mathematical formulas used by the Bitcoin protocol to guarantee the security and reliability of the cryptocurrency, and even if we do not know whoever was the creator or the keys to the technology, it is still totally viable and safe to use Bitcoin. In fact, the concept is identical to driving a car. Today, millions of people drive every day without having the remotest idea how their vehicle’s engine, powertrain or intelligent braking system works, and yet the car fully fulfills the purpose for which it was created and purchased. by the consumer, than taking him from point A to point B, of course.
We can also cite a more suitable example for this digital age, which is simply the Internet. And just reflect for a few minutes on the fact that there are likewise billions of people who connect to this global network every day without having the remotest idea how their computer connects to a network, which you can also connect to. connect with your cell phone anywhere there is cell service and you can do such interesting things that range from observe and learn from a course like the one you are currently attending, or you can buy a plane ticket or chat with a loved one. dear even though we are thousands and thousands of kilometers away. And yet, thanks to the fact that all those people who do not have the technical knowledge use the tools in their daily lives. There is an incentive for different entities to offer the service, as we also have the fact that a large number of Bitcoin operations are being carried out at this very moment. And if you’re not participating, just decide and do it, it’s so easy. All the infrastructure is ready and it is certain that you are too, because if you are watching this video it is because you have a device that can connect to the Internet and that is enough to be able to start enjoying all the advantages that we started to comment on the Bitcoin. So don’t wait any longer. Keep learning with the course and don’t waste a second to start making safe and practically free transactions, that is, avoiding the high commissions that banks charge for the use of resources, that is, our money for which we work so hard throughout our lives.
Originally published at https://www.reddit.com on February 1, 2022.