Bitcoin Creator Craig Wright Shows Claiming Documents Explaining Origin Of Satoshi Nakamoto Name
Bitcoin Creator Craig Wright Shows Claiming Documents Explaining Origin Of ‘Satoshi Nakamoto’ Name
December 23, 2019
Bitcoin Creator Craig Wright Shows Claiming Documents Explaining Origin Of Satoshi Nakamoto Name
Bitcoin Creator Craig Wright Shows Claiming Documents Explaining Origin Of ‘Satoshi Nakamoto’ Name
December 23, 2019

Craig Wright, the Bitcoin Creator, showed that what he claims is a document that explains the origins of the Satoshi Nakamoto pseudonym.

On December 19, it has been reported by Modern Consensus that Wright has shown to his interviewer a document, which represents an article from a digital database of an academic journal JSTOR, dated January 5, 2008.

However, the article is about a person named Tominaga Nakamoto, who lived between 1715 and 1746 in Japan.

The document contained the following handwritten notes:

“Nakamoto is the Japanese Adam Smith. Honest Ledger + Micro Cash. Satoshi is Intelligent History. Not too hard.”

According to Wright, he has chosen the name ‘Nakamoto’ in honor of Tominaga Nakamoto.

It has been analyzed that the handwritten note compares him to Adam Smith, who is by many regarded as the father of modern economics. When asked whether Nakamoto’s economic ideas were the reason why he has chosen his name, he answered:

“In part, yes. He wrote about money and honest money and the rational nature of things. The shogun [feudal ruler] at the time was in financial crisis, and economic austerity. […] I like the description of him, and I got into his brother, Tōka. ‘Nakamoto was upright and quiet but impatient in character’ and I thought: ‘That sounds like me.’”

Similarly, when it comes to the first word of the pseudonym, Satoshi, Wright says that it means “intelligent learning.” He explained that this refers to one having access to the knowledge conquered by his ancestors.

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While Wright claims to be Satoshi Nakamoto, in November, he also informed the plaintiff that he could not finance a 500,000 BTC ($3.7 billion) settlement in the case that the Kleiman estate initiated against him.

Dave Kleiman was a cyber-security expert, whom many believe to have been one of the first developers behind the Bitcoin and blockchain technology who died in April 2013.

However, Kleiman’s estate, which led by Ira Kleinman, David’s brother, initiated the case in February last year by accusing Wright of stealing hundreds of thousands of Bitcoins, worth over $5 billion, after the developer’s death.

Thus, Satoshi Nakamoto is known to have mined the origin blocks on the Bitcoin blockchain, the so-called Satoshi blocks and consequently should own a significant number of coins on his/her address.

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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.