The person who first created Bitcoin is Japanese!? (Episode 7)

Serialized Column：From Zero: Cryptocurrency Trading：Episode 7

Own 1 Million BTC?

In October 2008, a person named Satoshi Nakamoto posted a paper on the internet titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” which marked the beginning of everything.

However, the person calledSatoshi Nakamotoremains shrouded in mystery, and it has not been revealed whether they are truly Japanese.

Three months later, in January 2009, many researchers and programmers were inspired, software to realize Bitcoin theory was released, and Bitcoin transactions began.

At that time, Bitcoin was only being mined as a game to test whether it could be used as a virtual currency and whether there were any major issues; Bitcoin hadno economic value at all.

However, some who felt potential at the time or joined on a whim ended up holding a large amount of Bitcoin, which today has become an enormous wealth.

The proponent, Satoshi Nakamoto, is estimated to own 1 million BTC, which at the rate on April 21, 2016, of 1 BTC ≈ 47,000 yen would amount to470 billion yenin scale.

Satoshi Nakamoto Found?

In March 2014, there was a stir that “he is the Bitcoin inventor,” and on the internet there appeared an image of Dorien Pritchard Satoshi Nakamoto when searching for Satoshi Nakamoto.

Fans flocked to his home for interviews, and it almost led to legal trouble. He was born in 1949 in Beppu City, Oita Prefecture, moved to the United States at age 10, and graduated from California State University. Although he worked as an engineer at an IT company,he turned out to be an entirely different person…(haha)

Later, perhaps out of pity for the commotion, the Bitcoin community donated Bitcoin worth over $20,000 (about 220,000 yen) at the then price.

Summary

The person who first proposed Bitcoin is “Satoshi Nakamoto,” and his/her identity remains a mystery!Also, it should be remembered that cryptocurrencies havean impact comparable to the advent of the Internetas well.

Bitcoin has had many twists and turns, but its value will likely continue to rise in the future.