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Bitcoin The Almighty Buck

Bitcoin Inventor Satoshi Nakamoto Could Actually Be Group From Europe 186

Posted by samzenpus
from the we-are-legion dept.
An anonymous reader writes "Bitcoin creator Satoshi Nakamoto could be a group from Europe which has a strong footing in the financial sector. From the article: 'Josh Zerlan, the Chief Operating Officer of Butterfly Labs and a person familiar with the Bitcoin network, has said it is highly likely that Nakamoto could be a group of people working the financial sector. Speaking to IBTimes UK on the sidelines of a Global Bitcoin Conference in Bangalore, India, Zerlan said: "One of the prevailing theories, I think has credibility, is that it was some group of people from financial sector that created this. They released it and stepped back and let it go. So, Satoshi Nakamoto is a group of people, I think, is a reasonable possibility."'"
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Bitcoin Inventor Satoshi Nakamoto Could Actually Be Group From Europe

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  • by i kan reed (749298) on Monday December 16, 2013 @12:14PM (#45704337) Homepage Journal

    Rather than engage in actual tech news, let's speculate wildly(second guess in as many weeks) on the identity of someone who explicitly wanted to remain anonymous, and who has committed no crimes. That sounds like a grand engagement in journalistic credibility.

    Anyone who really wanted to could find out my identity, but I wouldn't want them to start posting about their ideas as major headlines.

  • by Anonymous Coward on Monday December 16, 2013 @12:15PM (#45704357)

    I'm pretty sure this worked out for Spartacus...

  • by Threni (635302) on Monday December 16, 2013 @12:21PM (#45704433)

    "Bitcoin creator Satoshi Nakamoto could be a group from Europe which has a strong footing in the financial sector....could be a group of people working the financial sector.... some group of people from financial sector that created this...Satoshi Nakamoto is a group of people, I think"

    Pointless random guesswork aside, why do journalists feel the need to say the exact same thing 3 to 5 times in the first few paragraphs? Once is enough, surely?

  • by dpilot (134227) on Monday December 16, 2013 @12:24PM (#45704455) Homepage Journal

    > I'm pretty sure this worked out for Spartacus...

    Not really - it seemed to backfire on everyone who said it.

  • by Anonymous Coward on Monday December 16, 2013 @12:26PM (#45704477)

    Without some actual evidence other than just conjecture at a coffee klatsch, there are a lot of parties who could be the BitCoin creator.

    Lets check facts:

    1: It is someone clued in cryptography. This is very rare because most crypto implementations on virtually anything are very basic

    2: It is someone who is clued with regards to the financial sector, perhaps has a lot of coins mined and stashed aside when it took just a CPU to mine them as opposed to ASICs.

    3: It is someone who can code, code well, and distribute things out anonymously.

    After those three items, it could be anyone, and suspicions could be anywhere.

    In any case, the party who made BitCoin is filthy rich, and will only get more so by an exponential margin as time progresses, BitCoins get lost forever, and no new ones are mined.

  • by mythosaz (572040) on Monday December 16, 2013 @01:04PM (#45704921)

    A group of people, no matter how small, keeping the fact that you're sitting on 1BN a secret? Someone's going to spill the beans to someone soon enough. Or it's one guy, and he's already rich enough that there's little temptation.

    That's my wild speculation. :)

  • Re:Unlikely (Score:2, Insightful)

    by Anonymous Coward on Monday December 16, 2013 @01:13PM (#45705015)

    Nakamoto registered the bitcoin.org domain on a somewhat obscure Japanese site. His communication in English had all kinds of clues that his native language was Japanese (sentence structure, word choice, etc.). He was active during daylight and evening hours in Japan.

    I'm playing devil's advocate here, but that could be deliberate misdirection.

  • by timmyf2371 (586051) on Monday December 16, 2013 @04:40PM (#45707409)

    If I was one of the early miners who made thousands of bitcoins and still had them, I might decide to sell the wallet itself rather than transferring them.

    Leaves less of a paper trail and makes it somewhat easier to avoid paying capital gains tax on the proceeds.

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