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Crowdfunding Campaign Aims to Discover Where in the World the Real Satoshi Is

Satoshi Nakamoto’s true identity has been a well-kept secret. Many are still on the hunt. A new crowdfunding campaign has been launched in order to hire detective agencies who will scour the globe in a public-funded search for Satoshi.


The hunt for Satoshi Nakamoto still carries on. Over the past few years, a variety of online publications and individuals have hunted the trail of the person (or people) synonomous with Satoshi.

There have been a number of theories about Satoshi’s identity, and the cryptocurrency community has always been incredibly interested when someone steps forward with something new.

Back in 2016, the virtual currency world was in a frenzy when BBC published a report concerning Dr. Craig Wright, saying he provided “technical proof” he was the elusive Bitcoin 00 creator.

Back in 2016, the virtual currency world was in a frenzy when BBC published a report concerning Dr. Craig Wright, saying he provided “technical proof” he was the elusive Bitcoin creator.

Many were skeptical of the purported evidence, and there have been a number of nuanced, and light-hearted swipes, at Wright’s claims.

Other people, like Tesla creator Elon Musk, have spoken out to quell rumors about being Satoshi. The CIA even responded to a Freedom of Information Act (FOIA) request saying they could “neither confirm or deny” the existence of documents relating to Satoshi. Some took the response as evidence the agency could possess files on the Bitcoin creator.

Now an international group of digital currency enthusiasts are raising funds to conduct an international search for Satoshi.

We Need To Find Satoshi

Posted on crowdfunding site Boomstarter.ru, the campaign is looking to order a search for Satoshi from “several independent detective agencies located in the US and Japan, as well as Europe.”

The creators said the hired agencies would have to conduct a “public and transparent account of their activities,” and mentioned that three locations were chosen because of Satoshi’s purported affiliation with these areas.

According to the creators, people have the “right” to know the identity of Satoshi. They write the need to “declassify it ourselves,” if Satoshi “does not want publicity.” However, the group explains how they pledge not to disturb the person (or persons) if Satoshi turns out to be someone “ordinary” who is “afraid of publicity.”

‘Be Sure Bitcoin Is Not A Global Deception’

The crowdfunding campaign creators list a couple of reasons why finding Satoshi is not just a “trivial curiosity.”

According to the campaign, discovering the identity of the mysterious Bitcoin 00 creator could help with its further development, while possibly solving some of the questioned assumptions behind the digital currency.

The crowdfunding campaign creators list a couple of reasons why finding Satoshi is not just a “trivial curiosity.”

The crowdfunding group also believes cryptocurrency enthusiasts should be able to know the identity of a figure with more than “1 million coins in his wallet,” and a figure who could “overthrow the market overnight” by executing transactions.

At the time of writing, the campaign was 47% funded, having raised roughly 7,103,400 Russian rubles ($104,952 USD) from 1,543 backers. Donors are able to receive a variety of rewards, including an “I Find Satoshi” pin, t-shirts, and hoodies.

The highest reward category, which was limited to one person, was already reached by press time. For 500,000 Russian rubles (roughly $7,390 USD), the donor will have a week-long tour of the country where “Bitcoin Satoshi Nakamoto will be found.”

Do you think this campaign will be even remotely successful in unmasking the identity of Satoshi? Let us know in the comments below!


Images courtesy of Bitcoinist Archives, Unsplash.

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I Am Satoshi: Will Dr. Wright Cause Panic in the Bitcoin Markets?

Source: bitcoin

craig Wright

Will Craig Wight´s “I am Satoshi” claim cause people to panic sell their bitcoins? If he is Satoshi, then he controls a large supply of the total coins in existence and could sell them. The last two times in recent bitcoin history when there was a major news event, the price tanked and then recovered. It appears that until Wright moves some bitcoin that are from a block that Satoshi is known to control, people don´t care. At least they do not care enough to sell their bitcoin just yet. The price has been very flat compared to the reactions seen with the launch of XT and Mike Hearn´s departure announcement.

Also read: BitcoinAverage: The Evolution of an Index

Bitcoin XT

In the summer of 2015, Bitcoin XT was launched. August 18th just happened to be a day when some of the r/bitcoin mods were off as well, and the discussion about XT vs. Core went wild. The price crashed from 257$ to 162$ at Bitfinex. The exchange had so many people selling that there were problems with people closing leveraged positions. In total the launch of XT combined with exchange glitches caused a near $100 decline in the bitcoin price.

Hern Quits

With another Medium post, a hallmark of the Bitcoin debate, Hern announced his resignation from Bitcoin development, saying that it was time to move on. The blog post marked the end of Bitcoin XT and the start of Bitcoin Classic. The news caused enough uncertainty, and the price dropped from $429 to $351, then hitting $427 just days later at Bitfinex. After an approximate $80 decline in price, the markets recovered in a matter of days.

Craig Wright: ‘I am Satoshi’

You would think that another news event of similar proportions would cause a similar reaction. If Satoshi comes out now, will he or she sell some of the old bitcoins kept in his or her possession? Satoshi controls around one million bitcoins; selling even part of that on the open market would crash the price. As the news of Craig Wright’s “I am Satoshi” claim surfaced Monday morning, there was a selloff of about $15 on Bitfinex. Besides that, the market has been flat. A lot of people are waiting to see what happens and are tired of all the drama, highly skeptical of Wright’s claims.

However, if there is any movement of coins that Satoshi is known to control — for example from a block containing the Hal Finney transaction — or if he is able to sign a message using a real private key from the genesis block, then some people might panic and decide to sell their bitcoin with the fear that Satoshi could sell some of his and crash the market. Thus, with the markets awaiting further proof from Dr. Wright, we can expect a continuation of recent sideways activity — at least temporarily.

Would you sell your bitcoins if Craig Wright proves that he is, in fact, Satoshi? Let us know in the comments below!


Images courtesy of Forbes, Krach via TradingView.

The post I Am Satoshi: Will Dr. Wright Cause Panic in the Bitcoin Markets? appeared first on Bitcoinist.net.

I Am Satoshi: Will Dr. Wright Cause Panic in the Bitcoin Markets?

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