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June 3, 2020 02:40 pm

Latest Satoshi Nakamoto Candidate Buying Bitcoin No Matter What

Adam Back's name has surfaced again in the crypto community's favorite guessing game: Who is the anonymous creator of Bitcoin who went by the pseudonym Satoshi Nakamoto. From a report: In mid-May, YouTube channel Barely Sociable, with nearly 400,000 subscribers, released a 40-minute video claiming that 49-year-old Back is Satoshi. The video has since raked up nearly 300,000 views. Back does check off a lot of the boxes: He is a British cryptographer with a PhD in computer science, who, back in the 1990s, invented Hashcash, a system of verification that Bitcoin uses. He is also the first person Satoshi contacted online in 2008, asking about Hashcash. So is he Satoshi? "No, I am not," Back said in a June 1 phone interview from Malta. But he also pointed out it's better for the creator of the world's largest cryptocurrency to remain a mystery. "It's generally viewed at this point as better that the founder of Bitcoin is not known, because a lot of people have a hierarchical mindset," Back said. "If you read about a technology, you try to figure out who is the CEO of a company, and people want to ask questions. Because Bitcoin is more like a digital gold, you wouldn't want gold to have a founder. For Bitcoin to keep a commodity-like perception, I think it's a very good thing that Satoshi stays out of the public."

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