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Investigation Reveals Bitcoin’s Creator Satoshi Nakamoto Could Be a Group, Not an Individual

Ruholamin Haqshanas
Last updated: | 2 min read
Source: Adobe/Mihail

The identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin (BTC), has been a subject of intense curiosity and speculation since the advent of the leading cryptocurrency.

While many envision a single genius behind its inception, there is growing evidence to suggest that Nakamoto may actually be a collective entity. 

In its latest installment of the “Many Facts” Satoshi series, which presents various pieces of evidence pointing to the potential identities of Satoshi Nakamoto, News suggested that the mastermind behind Bitcoin’s creation is a group rather than an individual.

The media claimed there is compelling evidence pointing out that Nakamoto may be a collective. 

One piece of evidence is the usage of both “we” and “I” in the Bitcoin white paper, indicating the possibility of a team operating under a singular pseudonym.

“We propose a solution to the double-spending problem using a peer-to-peer network,” Nakamoto says in the whitepaper. 

“We define an electronic coin as a chain of digital signatures,” the pseudonymous creator of Bitcoin says in another place. 

Another piece of evidence comes from the linguistic analysis of Nakamoto’s writings. 

The white paper showcases impeccable English with precise language and accurate usage of technical terms. But since Nakamoto’s writing style appears to be different in forums and email correspondences, this suggests multiple individuals were involved. 

A linguistic analysis of Nakamoto’s forum posts revealed varying writing styles, further supporting the theory of a collective behind the pseudonym, the report said. 

Nakamoto’s Timestamps on Messages Support He Was a Collective Entity

The timestamps on Nakamoto’s messages also hint at the involvement of multiple individuals. 

There are theories regarding Nakamoto’s location, with some suggesting that the Bitcoin mastermind lived in the UK while others found that he resided in California. 

A review titled “The Time Zones of Satoshi Nakamoto” analyzed Nakamoto’s hourly activity and concluded that Nakamoto likely resided in the EST time zone. 

If Nakamoto is indeed a group, it would explain the possibility of multiple time zones being involved.

The breadth of knowledge displayed by Nakamoto is another indicator that he may be a collective. 

The creator demonstrates proficiency in computer science, mathematics, flawless English, game theory, and the successful concealment of his identity for over a decade. 

It raises doubts as to how a single individual could possess such a diverse skill set while remaining anonymous.

Despite these compelling theories and details, there is no concrete evidence to confirm that Nakamoto is a group. 

Nevertheless, the true identity of Satoshi Nakamoto continues to remain unknown, making the saga of Bitcoin’s creator continues to be one of the most intriguing mysteries in the world of cryptocurrency.