Why has Bitcoin inventor Satoshi Nakamoto remained anonymous?

Why has Bitcoin inventor Satoshi Nakamoto remained anonymous?

Gate Trade News Wednesday, September 16, 2020 16 0

In its decade-plus lifespan, Bitcoin has gone from being the niche obsession of a group of cypherpunks on message boards, to one of the world’s largest currencies. Yet the identity of its creator, Satoshi Nakamoto, remains unknown.

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Over the years, Satoshi’s true identity has been the subject of feverish speculation, with many names having been put forward. That’s hardly surprising; people love a mystery, for one thing.

For another, the gigantic stash of Bitcoin that Satoshi mined in the cryptocurrency’s early days has remained untouched; were he (or she, or they) to return, those Bitcoin could flood the market, potentially affecting the cryptocurrency’s price (we got a hint of this in mid-2020, when Bitcoin’s price dumped on the news that some Satoshi-era coins moved).