One of the bigger mysteries in the cryptocurrency world is the matter of who Satoshi Nakamoto is. The infamous creator of Bitcoin and blockchain, Nakamoto is still an unknown individual or group to the rest of the world. A new campaign on Russia’s Boomstarter aims to collect capital to reveal Nakamoto’s identity once and for all.

Another Pointless Search

Although it is intriguing, the Satoshi Nakamoto identity mystery is not a pressing issue. It would be nice to know who is behind Bitcoin and blockchain technology, but it seems highly unlikely their identity will ever be revealed. Nor should it really, as it will not change the current shape and direction of Bitcoin or other cryptocurrencies.

Why people continue to try and find out Nakamoto’s identity is unclear. It seems people are always hopeful to unravel a mystery, even when it serves absolutely no purpose. The identity of Satoshi Nakamoto was never meant to be unveiled to the public; otherwise, we would have learned it many years ago.

A new campaign on Boomstarter indicates there are quite a few people interested in finding out who Satoshi Nakamoto really is. These people are convinced that “Satoshi needs to be found”. This cult-like obsession raises a lot of questions. The future of cryptocurrency will not hinge on who Satoshi Nakamoto is in real life. It is unclear why some people think otherwise.

This campaign was organized by an international group of self-professed crypto enthusiasts calling themselves #FindSatoshi. While discovering the identity of Satoshi Nakamoto would help bring a bit more legitimacy to the cryptocurrency industry as a whole, there will always be rumors that Bitcoin and altcoins are used for fraud and money laundering. Those misconceptions will remain common for a very long time and may only be resolved by introducing proper cryptocurrency regulation.

It’s questionable whether this fundraising effort will be successful. A total of 15 million rubles will need to be collected, and 3 million have been raised so far. There is still a long way to go, and this amount might not be sufficient to yield any real evidence of who Satoshi Nakamoto may have been all this time.

The team has already announced several investigation agencies that it plans to partner with. The agencies are located in Japan, the US, the UK, and Russia. It is possible Satoshi Nakamoto is not a resident of any of these countries, but we will most likely never find out. People have been trying and failing to identify the Bitcoin creator for years, and there is zero reason to think this latest effort will be any different.

You may be interested

Bitcoin Exchange
shares3 views

Most of Bitcoin’s Trading Volume is FAKE: Time to Wake the F*** Up?

Brian Evans - Mar 24, 2019

Hands up, anyone who is surprised that a little-known crypto exchange that apparently had the largest bitcoin trading volume on CoinMarketCap has been exposed as a wash…

shares2 views

Binance Changes Launchpad Token Sale Format to Lottery

Brian Evans - Mar 24, 2019

The Binance Launchpad format has been radically changed by the cryptocurrency exchange

Altcoin News
shares3 views

Sluggish Bitcoin Price Creates Bullish Opportunities for Wider Crypto Market: Trader

Brian Evans - Mar 24, 2019

In the past 24 hours, the Bitcoin price has remained stable above the $4,020 mark, unable to break out above a key resistance level at $4,200. Meanwhile,…

Most from this category

%d bloggers like this: