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The co-inventor of Blockchain offers insights into the background of Satoshi Nakamoto

May 3, 2020

Scott Stornetta, co-inventor of the blockchain, has one Satoshi Nakamoto’s profile for Cointelegraph.

In a recent interview for Cointelegraph Stornetta explained why it couldn’t be Satoshi Nakamotoor a participant in the creation of Bitcoin. He also excluded Craig Wright as a possible candidate.. Although you may not know the true identity of the founder of Bitcoin (BTC), Stornetta shared some possible ideas on the background of the creator.

Being a “cypherpunk” is enough

Stornetta believes that Satoshi was more of an individual than a team. He rejects the argument that creating Bitcoin would have required knowledge of too many disciplines: being a cypherpunk would have been enoughStornetta argues:

“And some of the arguments for the team are, gosh, this guy He was someone who knew crypto, but also programming, economics and math, monetary policy and so on. But honestly, it looks to me like someone is a software engineer who has followed the Cypherpunks mailing list. And I think that alone is enough to justify his understanding of crypto and the economy. “

The co-inventor of Blockchain offers insights into the background of Satoshi NakamotoThe co-inventor of Blockchain offers insights into the background of Satoshi Nakamoto

Stornetta itself was on the Cypherpunk mailing list in the early days, but was gone before Bitcoin started. Satoshi’s genius is not in any particular disciplineIt is quite versatile in nature, with the ability to organize different pieces in a beautiful mosaic.

He also believes that despite the Japanese name of the founder Satoshi was probably a westerner who lived in the eastern United States. Justify this latter assumption with the timestamps of Satoshi’s emails.

Satoshi could have been a “couple”

Stornetta could have crossed with Satoshi at one of the many cryptoconferences that took place at the University of California in Santa Barbara. At these meetings, ideas about crypto, software development, and financial incentives that Satoshi would accept for Bitcoin were lost. In addition, Stornetta says that There is evidence that Satoshi is not a trained cryptographer. While he believes the work Satoshi has done is awesome, the technical expertise required to build Bitcoin suggests that a few hundred people could have done it:

“And what I mean is that all these things he talked about hovered in the air among cryptographers. For example, anything that has an economic impact would be a typical conversation that people in this community would have. I think there are a few hundred people who could have played the part. There is evidence that this person was not really trained as a cryptographer. And I think there is evidence of how the implementation is done. “

It seems that both Stornetta and Satoshi have spent a lot of time and effort to solve one of the crucial problems of a decentralized system, namely how to build consensus in a network that is made up of participants with misaligned incentives:

“That impressed me Satoshi also understood how important it was to solve the incentive problem among the participantsIt was the kind of thing that made him feel like we could have been teammates like he was struggling with the same problems we had. “

Stornetta admits that Satoshi’s solution – introducing mining and block rewards – was not considered. The fact that Satoshi’s “Idea of ​​Mining” was borrowed from Adam Backs Hashcash only underscores the versatility of Satoshi’s genius.

In a future story we will show the different ways of decentralization that the two pioneers took.

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