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GRABE: Sya pala si Satoshi Nakamoto | Kwento ng Tagumpay - YouTube
Channel: KATAMVAY
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Welcome Back KaTamVay!
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From its simple start in 2008
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to its highest price in 2021.
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Bitcoin (BTC) has attracted investors,
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along with millionaires and billionaire people
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and companies around the World.
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In just over a decade,
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the first cryptocurrency has risen and fallen
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and rallied and fallen again,
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over and over, towards a price that has reached thousands.
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But who exactly created this mysterious cryptocurrency?
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Be sure to like and watch to the end
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so you know the answer
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and for you to receive my little gift.
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But before we start,
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don't forget to subscribe to my channel,
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because we have many more stories to talk about
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that will give you lessons and inspiration.
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The mystery behind the creator of Bitcoin
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has once again caught public attention,
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as a court case in Florida
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seeks to verify the identity of the creator,
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an effort toward resolving an enigma
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that has been in the works for more than a decade.
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The family of a deceased man, David Kleiman,
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says their family member helped
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create the popular digital currency
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and is suing Kleiman’s alleged business partner, Craig Wright,
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for half of Satoshi Nakamoto’s $1.1 million in Bitcoin.
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For the past five years,
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Craig Wright has on-off claimed he created Bitcoin,
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but he has failed to provide any proof of his ownership.
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The creator can easily verify their identity
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by moving at least a portion of the Bitcoin cache,
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or using the private key that controls the account.
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The identity of the Bitcoin creator,
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known simply as “Satoshi Nakamoto,”
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has long been a major interest,
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especially as their personal wealth continues to grow.
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Since it was created in 2009,
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Bitcoin has experienced significant ups and downs.
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In the past year, the currency has risen by more than 400%.
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Bitcoin is considered the world’s leading cryptocurrency
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by market value,
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but there are still many mysteries surrounding its creation.
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Who invented Bitcoin?
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Was it created by more than one person?
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And who is Nakamoto?
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In August 2008,
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bitcoin began to spread on the web,
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the domain name bitcoin.org
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was quietly registered online.
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Two months later,
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a paper titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’
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was handed over to a cryptography mailing list.
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The white paper is the first time the mysterious figure,
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Satoshi Nakamoto’s appearance on the web,
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and permanently associates the name “with cryptocurrency.
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On January 3, 2009, 30,000 lines of code
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spelled out the beginning of Bitcoin.
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It uses peer-to-peer technology
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to operate without central authorities or banks.
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Bitcoin runs on an autonomous software program
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that people looking for bitcoin need to ‘mine’
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into a lottery-based system,
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and over the next twenty years,
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a total of 21 million coins will be issued.
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So far, approximately 90% of Bitcoin
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or approximately 18.7 million have been mined.
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Among the earliest Bitcoin enthusiasts was Hal Finney,
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a console game developer
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and an early member of the “cypherpunk movement”
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who discovered Nakamoto’s proposal for Bitcoin
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through a cryptocurrency mailing list.
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In a blog post from 2013,
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Finney said he was fascinated
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by the idea of a decentralized online currency.
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When Nakamoto announced the release of the software,
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Finney offered to mine the first coins -
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10 original bitcoins from block 70,
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which Satoshi sent as a test.
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Regarding his relationship with Nakamoto,
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Finney said, "He thought he was dealing
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with a young man of Japanese descent who was very intelligent.
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But because of this he had the good fortune of meeting
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many great people around the world.
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Finney quietly denied
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any claim that he was the inventor of Bitcoin
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until he died in 2014.
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In one of his last posts on a Bitcoin forum
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the true identity of Satoshi Nakamoto
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remained a mystery to him.
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Finney said he is proud of his legacy involving Bitcoin,
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and his cache of bitcoins
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is stored in an offline wallet,
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left as part of a legacy for his family.
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Right now, a bitcoin is worth more than
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$41,000 or 2.1 million pesos.
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In 2010, several merchants began accepting bitcoin.
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One of the first tangible items purchased
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using cryptocurrency was a pizza.
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Today, the amount of bitcoin used to buy pizzas
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is worth approximately $384 million.
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In September 2010.
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El Salvador plans to make Bitcoin City their place
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a first cryptocurrency -based city in the world.
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In 2011, Silk Road was launched,
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an online marketplace for illegal drugs.
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It used bitcoin as the primary form of purchase.
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Bitcoin is inherently traceless for the authorities,
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an ideal currency for facilitating drug trade
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in the emerging internet black market.
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It is equivalent to digital cash,
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a self-governing system of commerce
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that maintains the identity of its owner.
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With bitcoin, anyone can go to the Silk Road website
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and buy cannabis seeds, LSD, and cocaine
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without revealing their identities.
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Two years later, the mysterious man known
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as “Satoshi Nakamoto” disappeared from the internet.
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Who is this Japanese-American guy
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named Satoshi Nakamoto?
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When you search it on the Internet, t
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he results will bring you an old Asian man.
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This is Dorian S. Nakamoto,
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who was named "Satoshi Nakamoto" at birth.
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He is 70 years old,
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lives in Los Angeles with his mother,
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and reminding people hundreds of times,
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that he is not the creator of Bitcoin.
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In 2016,
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Australian businessman Craig Wright claimed
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he created Bitcoin
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and provided the disputed code as proof.
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But others were quick to disagree,
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and Wright’s claim has caused intense skepticism
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from the online cryptocurrency community
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as well as alleged interest from the FBI.
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Five years later,
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Wright continues to claim he created digital money,
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but has yet to provide any publicly accepted proof.
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Because of this
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Nick Szabo continues to be mistaken
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a hyper-secretive cryptocurrency expert
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is behind Bitcoin
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which in the 1990’s
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also created his own cryptocurrency called “bit gold.
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In 2014, a team of linguistic researchers studied
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Nakamoto’s writings along with other potential bitcoin creators.
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The results, they say, are unmistakable
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with similarities between Szabo’s writing
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and the Bitcoin whitepaper.
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Szabo vehemently denied these statements
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on his twitter account.
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Here's how the real "Satoshi Nakamoto" proves his identity:
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First, He could use his PGP key.
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This key is a unique encryption program
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associated with a given user name -
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similar to an online signature.
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Second, He could move his bitcoin.
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With billions worth of his bitcoin,
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in theory, Nakamoto could transfer those bitcoins
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to another address.
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Dorian Nakamoto, Nick Szabo, and Craig Wright
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aren’t the only ones pinned as Bitcoin inventors.
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Tesla founder Elon Musk
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has been accused of being the creator of Bitcoin -
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a theory he emphatically denied in 2018.
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But in February last year,
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Tesla purchased 1 Billion bitcoin
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to allow customers to pay for electric cars
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using digital currency.
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It’s been over a decade since Bitcoin was created,
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and I still can’t confirm who invented it.
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Why would someone create a decentralized currency
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without receiving any credits.
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In Bitcoin forums,
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it was thought that Nakamoto
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might be “a libertarian
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and angry with corrupt wealthy people and politicians".
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According to sources
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the inventor of Bitcoin is said to be smart.
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Top Internet Security Researcher describes
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that the execution of the Bitcoin Code is close to perfection.
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It is also said here that it is a native English speaker
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and may be British Citizen,
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judging by spelling,
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and use of colloquial British words.
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It was also said here that it may not be just one person
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but a team of talented developers.
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According to bitcoin.org
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Bitcoin is controlled by all Bitcoin users around the world.
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Developers improve the software
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but they cannot be forced to change
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the rules of the Bitcoin protocol
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because all users are free to choose what software they use.
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To stay compatible with each other,
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all users need to use software
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that follows the same rules.
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Bitcoin can only work decently
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with a complete consensus between all users.
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Therefore, all users and developers
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have strong incentives to use and protect this consensus.
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What can you say about our topic today KaTambay!
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Apart from the aforementioned names,
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who else is suspected of inventing this digital currency.
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I await your reply in the comment section.
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And here's the end of my video KaTamVay.
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