An early meeting of the founders of E-Gold, a precursor to Bitcoin, may hold the key to Satoshi Nakamoto’s identity.
The Early meeting of E-Gold founders may hold clue to Satoshi Nakamoto’s identity — Peter Thiel is a blog post that discusses the possible identity of Satoshi Nakamoto.
Peter Thiel, the co-founder of PayPal and a wealthy venture investor, thinks he may know where Satoshi Nakamoto, Bitcoin’s (BTC) pseudonymous inventor who vanished two years after mining the cryptocurrency’s genesis block in January 2009, is hiding.
His idea is based on an early gathering of E-Gold founders in February 2000, when around 200 individuals gathered on a beach in Anguilla to develop a plan for establishing a new currency system that could compete with central banks. E-Gold was a digital gold currency that went bankrupt in 2007 when its creators were indicted by the US Department of Justice.
“I met them on the beach in Anguilla in February of 2000,” Thiel said of the E-Gold founders at a cryptocurrency conference in Miami on Wednesday. “My hypothesis on Satoshi’s identity was that he was on that beach in Anguilla,” says the author. He went on to say:
“On the beach in Anguilla, we were starting the revolution against the central banks. We planned to integrate PayPal with E-Gold and destabilize all central banks.”
Satoshi may have had the wisdom to stay anonymous while creating E-replacement Gold’s as a result of its failure. “Bitcoin was the solution to E-Gold, and Satoshi discovered that you have to be anonymous and not have a company,” Thiel said.
A statue of Satoshi Nakamoto has been erected in Budapest.
Not everyone believes Nakamoto was the brains behind previous e-cash systems. In March, Dustin D. Trammell, one of the first cypherpunks to mine Bitcoin, told Cointelegraph Brasil that Nakamoto lacked prejudice in integrating new technologies, implying that they were approaching the project from a fresh viewpoint.
With tens of thousands of digital assets competing for a piece of the pie, Nakamoto’s 2008 white paper has created a multi-trillion-dollar crypto market. Bitcoin is enjoying a historic week, after breaking new all-time highs over $67,000 on Wednesday.
The Early meeting of E-Gold founders may hold clue to Satoshi Nakamoto’s identity is a blog post that discusses the possible identity of Satoshi Nakamoto, the creator of Bitcoin. Reference: who is satoshi nakamoto.
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