Billionaire entrepreneur Peter Thiel announced on Wednesday that he knows where to find his brainchild for Satoshi Nakamoto, the mysterious founder of Bitcoin, which is now in the $1 trillion asset class.
Thiel’s theory is based on a vacation
The terror stems from his meeting with the founders of E-Gold, a private cryptocurrency that was founded in 1996 and is now outdated after being indicted by the US Department of Justice in April 2007.
The billionaire entrepreneur told a conference audience in Miami that he met them on a beach on the Caribbean island of Anguilla in February 2000. That’s when they discussed making PayPal interoperable with E-Gold to “blow up all central banks.”
Thiel made the following statements in his statements:
My kind of theory about Satoshi’s identity was that Satoshi was on that beach in Anguilla.
In fact, Thiel, co-founder of PayPal, Palantir Technologies and the Founders Fund, said Nakamoto may have been one of about 200 people on the beach at the time. The self-described libertarian also said that E-Gold may have learned from its mistakes, given how it lays out Bitcoin’s use cases in Nakamoto’s white paper titled “Bitcoin: The Peer-to-Peer Electronic Cash System.”
Satoshi Nakamoto learned anonymity to succeed!
Nakamoto, who could be a person or a group of people, published the paper outlining the principles of a cryptographically secure and decentralized peer-to-peer (P2P) digital payment system around Halloween in 2008 and was never heard from again. Thiel says of this:
Bitcoin was E-Gold’s answer, and Satoshi learned that you must be anonymous and not have a company. A corporation, even a corporate form, was heavily linked to government.
The billionaire explained that unlike some in the cryptocurrency space, the founder of Bitcoin (BTC) didn’t do much to find his true identity. The anonymity of the founder’s identity has long been a source of speculation for the community, with several mistaken identities over the years that have somehow disrupted the lives of private individuals.
But not everyone is in favor of Nakamoto coming forward
In its prospectus, Coinbase, the largest crypto exchange in the US, cited the unmasking of Nakamoto as a potential risk to its trading platform, saying it could lead to a deterioration in Bitcoin prices. The company also said that the transfer of Nakamoto’s Bitcoins, which is said to be over 1 million, could be adversely affected. The value of these cryptocurrencies as of the date of publication is around $ 65 billion.
cryptocoin.com Thiel, whose explanations we have conveyed, also prefers not to know the founder of the world’s largest cryptocurrency. In his final words, Thiel stated:
If we knew who he was, the government would have arrested him.
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