A new crowdfunding campaign has been set up with the aim of finding the elusive Satoshi Nakamoto. The campaign – #FindSatoshi – has so far raised over $100,000.
No one knows who the creator or creators behind Bitcoin are, yet that hasn’t stopped people from speculating as to who it could be. Is it a man or a woman? A group of people or someone working by themselves? The community isn’t sure and it’s because of this that a new campaign has set itself up with the aim of finding out.
The campaign, which is being crowdfunded on Russia’s Boomstarter, was set up by German Neff, a crypto enthusiast and investor from Estonia. His profile states that he has been collecting information about Nakamoto for the past three years. He’s also the founder of #Findsatoshi. This is a community that wants to understand the motives of Nakamoto, and Neff believes it’s about time we found out.
In Neff’s opinion, the crypto economy is in a fragile state of balance. For further development, he believes that it is imperative that the person or people behind it are found. He adds:
The cryptocurrency world needs to be sure that the cryptocurrency is not a global fraud.
He questions why Bitcoin was created in the first place. Was it a person or group of people doing it for science? Did a large company create it to control all transactions? Was it really an invention for monetary independence? Who owns more than one million coins? Who could overthrow the market overnight? These are questions that Neff believes the crypto community has a right to know.
At the time of publishing the fund has raised over 7.1 million Russian rubles, or more than $100,000. The total amount being sought is 15 million rubles. So far it has the backing of 1,543 people.
The campaign states that searching for Nakamoto can only be achieved through public efforts.
We intend to order the search for Satoshi Nakamoto from independent detective agencies in the U.S., Japan, and also in Europe.
Agencies around the world have already been selected to undertake the investigation. According to Neff, the funds raised will be distributed among them evenly. A bonus will be delivered to the agency that achieves the final result of the investigation.
One of the reasons why Bitcoin is so popular is because there is no person or entity controlling it. It is a truly decentralized cryptocurrency.
Yet, even if the community did find out who Satoshi Nakamoto was, what would happen next? Bitcoin has survived this long without knowing who the creator or creators are, which just goes to show that people put value into something they believe in, not necessarily who is behind it.
Do you think the community should know who was behind the creation of Bitcoin? Let us know in the comments below.
Images courtesy of Shutterstock, #FindSatoshi
Authored by Caitlin Johnstone via Medium.com, I didn’t watch the last Democratic presidential primary debates because I figured that without… Read More
Data from blockchain.com shows Bitcoin’s hash rate is at all-time-high. Last week, it peaked at 98.5 quintillion hashes per second.… Read More
Bitcoin appeared stuck in a price-range on Monday as attacks on Saudi Arabia’s oil facilities raised concerns over global energy… Read More
A $10 billion wealth advisor predicts the next Fed rate cut will launch the bitcoin price to a new yearly… Read More
ZUG, SWITZERLAND / ACCESSWIRE / September 16, 2019 / Velas AG, the developer of the AI-powered DPoS blockchain of the… Read More