Is Satoshi Nakamoto Actually Adam Back and Hal Finney?

Is Satoshi Nakamoto, known as the creator of Bitcoin, actually Adam Back and Hal Finney?

Identity of Satoshi Nakamoto, known as the creator of the biggest cryptocurrency Bitcoin (BTC), is a subject that the markets have been wondering for years. To date, many conspiracy theories have been created on the subject. One of these theories came from the account named "sdkart", author in Ekşi Sözlük. Sdkart explains who Adam Back and Hal Finney are: “Everyone in the cypherpunk realm knows that the brainchild of the Satoshi Nakamoto project is Adam Back. He was asked to form a team with the funds of a commission established by the cooperation of the USA and the UK (it is highly thought to be a blackrock company). The US leg of the project was Hal Finney. These two computer scientists needed to produce a virtual currency, completely against inflation, where people could transfer money to each other in a transparent and reliable way. Of course, this currency could not be printed as many times as you want like fiat currency. It could be circulated with hash power. The miners would gain a reward per mined block."

How Did the Idea of ​​Bitcoin Come Up?

Sdkart continues: "In late 2008, they thought of the idea of ​​a coin that had a total of "1" and was divisible up to the 8th digit after the comma. They called this idea "project x" because they didn't name it in the first place. However, since the idea of ​​dealing with fractions would be inefficient, they decided on the idea of ​​a cryptocurrency that can be mined 21 million times with a certain algorithm. After this research was coded, it was designed with 4 nodes ibm cpu and hash cards for 2 weeks at caltech labs. It seemed to work great. Finney called the idea "our golds." It was also during this period that Adam Back wrote the Peer to peer electronic currency whitepaper. In his own technical article, he explained how the hashcash system works and explained how it can be used in the cryptocurrency process. They called the project "bitgolds" at first, but because they thought it was a payment method and not just a store of value, they didn't see it as valid and decided on bitcoin."

Sdkart also explained how the name Satoshi Nakamoto was found:

“All they had to do was choose a nickname on the bitcointalk forum they opened. Here, Hal Finney offered to use the name of his neighbor Satoshi Dorian Nakamoto, whom he saw at the buffet every morning and joked around with, as a troll name. Back thought it would be hilarious and mysterious… In January 2009, the genesis block was mined and for 1 year after that, the CPUs remained in use at caltech. That famous wallet is still inactive in one of the cpu rooms at caltech. At the beginning of 2010, when they were not yet making any money themselves, amateur miners on the btctalk forum promoted it everywhere. The first bitcoins were sold on paypal for very small cents. The first shopping transaction of BTC is a bit controversial. Some say pizza, some say they sold a cloak item in WoW. It doesn't really matter that much. BTCs purpose of origin was peer-to-peer, electronic payment method, vendors used it for shopping on the dark web before, but at the point we have reached, it is highly traded on exchanges. Before he died, Hal Finney consistently denied that he was Satoshi Nakamoto. Likewise, Adam Back. And they were right... Because it was an idea and just as it is a decentralized project independent of people and institutions, the identity of its inventors should not matter. Those who have seen the paper of Back's hascash system in 1997 know that it is almost the same as BTC. Just thought I'd pass it on for those who don't know."