It has been 15 years since the name ‘Satoshi Nakamoto’ left their imprints in the digital world, gifting us with a technology that would one day culminate in a $2.7 trillion economy and even decide the president of the United States of America.
Today, we are celebrating the “birthday” of Satoshi Nakamoto, a faceless entity/person credited with the creation of Bitcoin and blockchain technology back in 2009. Today, Satoshi has become a household name in the crypto community, with every single trader paying their reverence to the OG Bitcoiner, who believed in the power of decentralized finance.
In the past 15 years, there have been several attempts to trace the identity of Satoshi Nakamoto. Some have credited crypto influencers, some even CIA or deep state agencies, behind the creation of Bitcoin and blockchain technology. However, all attempts have been proven to be futile as the legacy of Satoshi lives on.
In this article, we will explain the rising cult of Satoshi Nakamoto and April 5 is celebrated as the OG Bitcoiner’s birthday across the globe, among crypto lovers.Â
Why is April 5 celebrated as Satoshi Nakamoto’s birthday?
In 2009, Satoshi had registered on P2PFoundation. The creator intended to upload their white paper on Bitcoin. The P2P Foundation was one of the internet forums where Satoshi first announced the invention of Bitcoin.
To complete the registration and publish the papers, Satoshi had to upload their birth date details, and it turns out to be 5th April, 1975.
For many people, even today, the birth date can be fake, just like the name. But the 5th of April holds significant value in the finance world.
What is the true significance of April 5?
Other than being the alleged birth date of Satoshi Nakamoto, a lot of other intriguing things happened on 5th April.
It was on this date, in 1933, that the infamous Executive Order 6102 was issued by President Franklin D. Roosevelt. The edict banned individual ownership, or hoarding, of gold coins, bullions, and certificates. Small sums priced under $100 were permitted at the time for use in industrial trades or a few other exceptions.
A century ago, on April 5, 1814, the Netherlands Bank issued its first banknotes.
What’s more fascinating is that exactly a decade after Satoshi’s birthday, in 1985, David Chaum, revered as the Father of Bitcoins, published Security Without Identification: Transaction Systems to Make Big Brother Obsolete. This work was absolutely significant in cryptocurrency as well as indirectly in bitcoin creation.Â
The Search for Satoshi Nakamoto Goes On
Nakamoto’s actual name is nonetheless unknown despite much research. Several people have been conjectured to be Nakamoto over the years, but none have been confirmed absolutely. Particularly in 2016, Australian businessman Craig Wright claimed to be Nakamoto, but given insufficient proof, his claim was greeted with doubt.
An HBO documentary called The Money Electric: The Bitcoin Mystery” postulated in 2024 that Canadian developer Peter Todd might be Nakamoto. To bolster this assertion, the program included other bits of circumstantial evidence, including linguistic studies and online activity trends. Todd has vehemently refuted these accusations, claiming they are clearly ridiculous and declaring he is not Satoshi Nakamoto.
Satoshi You’re not 50, you’re 18 with 32 years of experience!
Satoshi Nakamoto is perhaps one of the greatest mysteries of the contemporary era. We should all appreciate Satoshi’s ability to maintain anonymity since 2008, when he was 32 years old, according to his own admissions. And according to many crypto experts, it’s best that this mystery should remain a mystery, for it’s the idea that counts and not the name.
Also Read: Why We Will and Should Never Know Who Satoshi Nakamoto Is?
