Bitcoin's creator "Satoshi Nakamoto" owns 1.1 million bitcoins. Based on a price of $100,000 per bitcoin, his wealth is at least $110 billion. Strangely, the name "Satoshi Nakamoto" is not a real name; translated into Chinese, it means "Central Origin Wise," and sounds like a pseudonym chosen at random.
What is most perplexing about this founder is that he has never moved his bitcoins, and everyone has been unable to understand why he suddenly disappeared without a trace, never revealing any real information.
In 2008, when the global financial crisis erupted, banks faced continuous turmoil, and public confidence in traditional finance waned. At this critical moment, Satoshi Nakamoto published a paper online proposing a new idea: creating a currency system that operates independently of banks and governments. He envisioned a system where computers worldwide participate in bookkeeping, and no one can arbitrarily alter the data. This method relies on blockchain technology.
Bitcoin was thus created. The ledger is accessible to everyone, and no one can modify it. The rules are embedded in pre-written code. In the first few years, Satoshi Nakamoto was active in the community, often fixing code and guiding projects. He even mined the first Bitcoin block himself. However, he soon reduced his presence and completely withdrew in 2011. Since then, no one has been able to contact him online.
Analysts speculate that he might have been concerned about security or that he planned from the start to let Bitcoin operate independently of any individual control. His disappearance turned Bitcoin into a decentralized system, where anyone can participate, and no one can oversee the entire network. The 1.1 million bitcoins have remained untouched, with some suggesting the keys might have been lost, while others believe he simply doesn't care about the money.
His actions reinforce the idea that Bitcoin is a complete rule-based system. His exit allowed Bitcoin to enter the next phase, where developers, miners, and investors can participate freely without influence from any individual or organization.
Bitcoin's value has experienced significant fluctuations, but over time, it has evolved from a niche experiment into an independent player in international finance. Countries like El Salvador and the Central African Republic have adopted Bitcoin as legal tender, aiming to improve their economies and attract investment. More and more companies and institutions are buying Bitcoin as an inflation hedge. Mainstream financial systems have gradually accepted Bitcoin, as evidenced by Bitcoin ETFs.
From an initial geek experiment to a core asset in global markets, Bitcoin has developed rapidly over the past few years, and no one can fully stop it. What Satoshi Nakamoto left behind is the principle of "rules encoded in code, everything transparent," making Bitcoin a system that does not rely on any individual. His silent departure has actually helped preserve Bitcoin's core philosophy to this day.
What do you think of Satoshi Nakamoto's decision? After many years of disappearance, will this wealth ever be actively used again?
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CryptoGiant
· 11-12 10:17
remember one day bitcoin will crash like luna keep my words save in the draw
Bitcoin's creator "Satoshi Nakamoto" owns 1.1 million bitcoins. Based on a price of $100,000 per bitcoin, his wealth is at least $110 billion. Strangely, the name "Satoshi Nakamoto" is not a real name; translated into Chinese, it means "Central Origin Wise," and sounds like a pseudonym chosen at random.
What is most perplexing about this founder is that he has never moved his bitcoins, and everyone has been unable to understand why he suddenly disappeared without a trace, never revealing any real information.
In 2008, when the global financial crisis erupted, banks faced continuous turmoil, and public confidence in traditional finance waned. At this critical moment, Satoshi Nakamoto published a paper online proposing a new idea: creating a currency system that operates independently of banks and governments. He envisioned a system where computers worldwide participate in bookkeeping, and no one can arbitrarily alter the data. This method relies on blockchain technology.
Bitcoin was thus created. The ledger is accessible to everyone, and no one can modify it. The rules are embedded in pre-written code. In the first few years, Satoshi Nakamoto was active in the community, often fixing code and guiding projects. He even mined the first Bitcoin block himself. However, he soon reduced his presence and completely withdrew in 2011. Since then, no one has been able to contact him online.
Analysts speculate that he might have been concerned about security or that he planned from the start to let Bitcoin operate independently of any individual control. His disappearance turned Bitcoin into a decentralized system, where anyone can participate, and no one can oversee the entire network. The 1.1 million bitcoins have remained untouched, with some suggesting the keys might have been lost, while others believe he simply doesn't care about the money.
His actions reinforce the idea that Bitcoin is a complete rule-based system. His exit allowed Bitcoin to enter the next phase, where developers, miners, and investors can participate freely without influence from any individual or organization.
Bitcoin's value has experienced significant fluctuations, but over time, it has evolved from a niche experiment into an independent player in international finance. Countries like El Salvador and the Central African Republic have adopted Bitcoin as legal tender, aiming to improve their economies and attract investment. More and more companies and institutions are buying Bitcoin as an inflation hedge. Mainstream financial systems have gradually accepted Bitcoin, as evidenced by Bitcoin ETFs.
From an initial geek experiment to a core asset in global markets, Bitcoin has developed rapidly over the past few years, and no one can fully stop it. What Satoshi Nakamoto left behind is the principle of "rules encoded in code, everything transparent," making Bitcoin a system that does not rely on any individual. His silent departure has actually helped preserve Bitcoin's core philosophy to this day.
What do you think of Satoshi Nakamoto's decision? After many years of disappearance, will this wealth ever be actively used again?