Introduction and Forward

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FOUND

Satoshi Nakamoto 

The Visionary Behind Bitcoin

Written by: E.J.H.

A Fictitious Novel, or a True Memoir?

You Decide.

Mysterious unknowns left unresolved, can turn curiosity to obsession -and inspire us, with strong resolute, to solve a seemingly unsolvable puzzle.  The pieces of this puzzle, found and assembled over time, determine with certainty the identity of Satoshi Nakamoto.  That is a bold statement, I know, given Satoshi Nakamoto has remained anonymous for well over a decade and is the visionary behind the world’s first cryptocurrency, Bitcoin.   Bitcoin has changed many lives, some for the better and others to their detriment.  Whether Bitcoin continues and evolves into a dominant world currency or ceases to exist at a future time, cannot be known now.  But, make no mistake, the use case for blockchain, the structure fundamentally behind the digital currency Bitcoin is based on, is here to stay.

Debate will continue as to whether Bitcoin, or other alternative cryptocurrencies will appreciate or depreciate over time.  This book’s author does not claim to be an authority on the digital currency that is Bitcoin.   Not its use, nor the likelihood of global adoption or its future value. Bitcoin and other cryptocurrencies fluctuate on any given day and are expected to have wide swings in value for the foreseeable future as they have in the past.   It’s not particularly pertinent to the puzzle or enigma that is Satoshi Nakamoto.  Having said this, it is important to understand that at its creation, Bitcoin had no value whatsoever and thereafter for a time, very little value.  The  expected increase in value for bitcoin is but one reason for anonymity.  There are other reasons that will be discussed in this book.  However, as the value of Bitcoin increased in a relatively short period of time, the desire to remain anonymous would only deepen, logically.

The release of the Bitcoin White Paper made public on October 31, 2008, by Satoshi Nakamoto has now become a very momentous event. Although at the time, it came in more like a cool summer breeze –some interest but not anything to write home about.  Without the description for the protocols and the vision set forth by the White Paper who knows how it would have developed.  The White Paper provided the guiding rules for this new digital currency, how it would work and the fundamentals of its security.   Releasing such a document and developing the protocols or rules for bitcoin while maintaining anonymity are achievements in themselves.  

The ability for the person that is Satoshi Nakamoto to remain anonymous all these years later is nothing short of a 21st century miracle given all the events, communications, and information in the modern world now associated with Bitcoin.  With so many means of tracking communications, and the blockchain itself providing a public record of transactions, it only provides resolute proof of the vision Satoshi Nakamoto had for such a currency.  That it could be independent, publicly viewable and verified, yet anonymous at its core.  The idea that someone, anyone, could transact across the blockchain, independent of any government, any place on the planet, was envisioned to be life changing for humankind. I  believe the creator Satoshi Nakamoto intended Bitcoin to be of benefit to humanity and not a means for greed or astronomical increases in one’s wealth.

It remains debatable as to the vision having a net positive upon humanity.  There certainly are those who have had realized astronomical wealth from Bitcoin.  One could make the case, at least for now, Bitcoin has become greed based and not need based.  However, we are really just in the early stages of this transformation to digital currency and if it is to take hold universally across the globe it does stand the ability to have incredible wealth for those early in the acquisitions of Bitcoin.  Additionally, bitcoin has potential for incredible utility of use for all.

Bitcoin’s protocols were set up to never have any more than 21,000,000 coins.  Most of which to date have been mined and will be explained further in this book.   Due to the publicly viewable transaction history and Bitcoin ledger, it can be seen that of the total mined coins to date, an estimated  1,000,000 bitcoins roughly, were mined by Satoshi Nakamoto and placed into his controllable ownership.   With no monetary conversion or realization of the Bitcoin under this single apparent ownership stake, Satoshi Nakamoto would have an equivalence value in excess of $65 Billion U.S. dollars at the time of this writing.  This would make Satoshi Nakamoto one of the world’s wealthiest individuals. As the value of each Bitcoin continues to fluctuate considerably up or down this value will most certainly change in time and is unknown now whether it will be worth more in the future.  Arguments on all sides can be made for where Bitcoin value will be in the near and long term.

One thing is clear, Satoshi Nakamoto, wanted to remain anonymous.   To date, there are no legitimate evidence revealed publicly that identifies the person behind the pseudonym that is Satoshi Nakamoto.   The identity of Satoshi Nakamoto will continue to remain anonymous even with the extensive information contained in this book.   In today’s world, and with the value of bitcoin, there is no safe means to reveal the person, nor is there desire by this author to do so out of respecting the wishes of someone that clearly wants to remain anonymous.  However, the pieces of the puzzle as revealed by this book will shed light on the individual and character of Satoshi Nakamoto and the original intent to make this world a better place.    Satoshi Nakamoto shared a number of correspondence early on and wrote about anonymity. 

Satoshi Nakamoto Quote (circa 2009):

“If you post your bitcoin address on the web, then you’re associating that address and any transactions with it with the name you posted under.  

If you posted under a handle that you haven’t associated with your real identity, then you’re still pseudonymous. “

In honor of Satoshi Nakamoto, this publication will be made available on October 31, 2024.  This book release and its posting to its associated domain, are being done precisely 16 years after the Bitcoin White Paper was first published.  Anyone following the four-year halving cycle and release of the White Paper would be aware of the significance of this incremental time frame.   Regardless of how bitcoin ultimately ends up and is used, the vision is quite remarkable and has already affected many people across the globe in too many ways to fully describe.