skip to Main Content

The Many Facts That Bitcoin Creator Satoshi Nakamoto Will Never Return

On January 3, 2022, the Bitcoin network will celebrate its 13th anniversary after its creator Satoshi Nakamoto launched the protocol. The creator of Bitcoin has always been the most famous and mysterious figure in the community. About ten years ago, Satoshi went offline, never to return and it is very likely that the inventor will never return.

Communication failure

Satoshi Nakamoto invented the Bitcoin network and released the technology white paper on Halloween (October 31) 2008. The article was written by “Satoshi Nakamoto” using the email “[email protected]” and the creator also attached the web domain name “bitcoin. org ”in the article.

The name “Satoshi Nakamoto” is of Japanese origin and is widely considered to be a pseudonym or a falsified name. It is assumed that Nakamoto’s birthday is April 5, 1975, as the date is displayed on the inventor’s P2P Foundation profile. If the date of birth is correct, Nakamoto would be 46 today.

Over the years, a large number of detectives have made it their mission to discover the identity of the inventor. Although Satoshi Nakamoto is probably deceased and there are many reasons why people might believe that the inventor of Bitcoin is no longer with us. In the past, News has published numerous articles on possible suspects people have claimed to be Satoshi, as well as those who claim to be the famous inventor.

The first thing we do know, however, is that Satoshi Nakamoto left two messages before he left for good. The first was on December 12, 2010, when the creator left a message to the community about “venturing into more complex ideas”. The December 12 post was Satoshi discussing things in a very serious and direct manner, pointing out that “the software is not at all resistant to DoS attacks.”

Nakamoto never came back to discuss anything else on the forum again. Years later, emails from Nakamoto to Mike Hearn and Gavin Andresen surfaced from April 2011, when the pseudonymous Bitcoin creator said “I’ve moved on.” From there, almost everything else regarding Satoshi’s subsequent communications has not been proven and many wild claims and speculations still exist to this day.

Bitcoin riches remain unclaimed

The point is that after these messages Satoshi Nakamoto decided not to return, and it is quite possible that the inventor could not return for health reasons. In fact, some people are quite sure that Hal Finney was Satoshi Nakamoto’s most likely candidate. Finney had serious problems with amyotrophic lateral sclerosis (ALS) and died in August 2014. Interestingly, Finney also retired from the PGP Corporation in 2011, the same year that Nakamoto sent his last correspondence emails to Hearn and Andresen.

Finally, one of the biggest clues that Nakamoto is no longer with us – besides the complete lack of communication after ten years – is the fact that the inventor’s wealth is not spent to this day. It is widely believed that Nakamoto owns a treasure trove of 1 million bitcoins (BTC) if the creator is still alive. But the reserve of more than 60 billion dollars of BTC never saw the light of day, and there is a good chance that these pieces will disappear forever if Satoshi Nakamoto is deceased.

However, at the end of the day, there aren’t enough facts that can prove Satoshi is dead, just as there aren’t enough facts that can prove Satoshi is alive. No communication over the years necessarily means that Nakamoto is no longer with us on this earth. Plus, the fact that Satoshi never moved or spent the $ 60 billion in bitcoin mined at the start doesn’t necessarily mean Nakamoto is dead, either. One thing’s for sure, Nakamoto’s shroud of mystery was good enough to make sure we weren’t.

Tags in this story

Bitcoin, Bitcoin (BTC), Bitcoin Cryptocurrency, Bitcoin Founder, Bitcoin Network, Bitcoin Creator, Bitcoin Inventor, DoS Attacks, Final Post, Gavin Andresen, Hal Finney, Hunt for Satoshi Nakamoto, Last Post, Mike Hearn, Nakamoto, PGP Corporation, Satoshi, Satoshi Nakamoto

What do you think of the possibility that Satoshi Nakamoto is dead? Or do you think the inventor of Bitcoin is alive and well? Let us know what you think of this topic in the comments section below.

Jamie redman

Jamie Redman is Head of News at News and a FinTech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code, and decentralized applications. As of September 2015, Redman has written over 5,000 articles for News on the disruptive protocols emerging today.

Image credits: Shutterstock, Pixabay, Wiki Commons

Warning: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in this article.

Back To Top