Blockchain co-inventor, Scott Stornetta talks about the origins of the name Satoshi Nakamoto and why he isnt him.
The original Bitcoin (BTC) whitepaper references eight works. One of them is a general book on probability, the rest are foundational to the cryptocurrency space. Three of those works were co-authored by Stornetta. In a 1991 paper, How to time-stamp a digital document, Stornetta and his longtime partner Stuart Haber proposed a decentralized scheme that would allow to certify when a file was created or changed:
We propose computationally practical procedures for digital time-stamping of such documents so that it is infeasible for a user either to back-date or to forward-date his document.
For blockchain history buffs the paper references work by the future Turing award recipient and Algorand (ALGO) founder Silvio Micali.
Many of the principles proposed in this and subsequent papers were later used by Satoshi Nakamoto. However, long before Bitcoin, Huber and Stornetta started their own blockchain network that is considered to be the first of its kind and is still running till this day.
As a recent convert to The Church of Jesus Christ of Latter-day Saints, Stornetta went as a missionary to Japan, which allowed him to become fluent in Japanese and later afforded him a job as a patent translator.
Discussing possible interpretations of the name Satoshi Nakamoto, Stornetta said:
You can buy an entire dictionary that is just about a Japanese name. And so Satoshi could have 20 different kanji that back it up. But I am just naturally inclined to think that satoru is a Japanese word to know, to be wise.
On the other hand, the last name Nakamoto is a very common Japanese name, just like Smith or Johnson. However, if one was to break it down into kanjis, then one possible interpretation would be:
Naka, just obviously means the center of, moto is the origin of.
Similar interpretations gave rise to a conspirological idea that Bitcoin was created by the Central Intelligence Agency.
Although his work and Japanese fluency make Stornetta a perfect Satoshi candidate, he has always unequivocally denied it. Furthermore, he put forward an ideological argument as to why he is not Satoshi:
And so a good deal of our focus went into the ability to perpetually renew the integrity of the record over time so that the records will last for decades if not centuries, and we'll survive quantum resistant computing and all of those things. And that's something that Satoshi gave no attention to whatsoever.
Although he says that he does not know the identity of Satoshi Nakamoto, he ruled out Craig Wright:
I do not think it's Craig Wright, let's put it that way.
Stornetta believes that we should try to understand Satoshis vision for Bitcoin in order to understand how to move forward. Also, he is of the opinion that Bitcoin is rather art, than science:
I am of the camp that believes that what was done with Bitcoin was surely a work of genius. But it's more like a work of art, a work of engineering art that opens the door to a number of possibilities but is in no sense the final or best solution that can be built.
Although Stornetta may not be Satoshi Nakamoto, his work was foundational to Bitcoin and the entire cryptocurrency field.
Go here to see the original:
Co-inventor of Blockchain on Why He Is Not Satoshi Nakamoto - Cointelegraph
- Blockchain: The Complete Guide | WIRED [Last Updated On: February 6th, 2018] [Originally Added On: February 6th, 2018]
- What Is Blockchain Technology? - cbinsights.com [Last Updated On: February 6th, 2018] [Originally Added On: February 6th, 2018]
- 7 Ways Blockchain Will Enable Entrepreneurs in 2018 | Inc.com [Last Updated On: February 6th, 2018] [Originally Added On: February 6th, 2018]
- Blockchain technology | Microsoft Azure [Last Updated On: March 26th, 2018] [Originally Added On: March 26th, 2018]
- Blockchain Wallet on the App Store - itunes.apple.com [Last Updated On: May 5th, 2018] [Originally Added On: May 5th, 2018]
- Bitcoin and Blockchain - Bloomberg [Last Updated On: May 5th, 2018] [Originally Added On: May 5th, 2018]
- Blockchain - The Daily Reckoning [Last Updated On: May 5th, 2018] [Originally Added On: May 5th, 2018]
- BIS show London - Blockchain Conference London | FinTech ... [Last Updated On: July 14th, 2018] [Originally Added On: July 14th, 2018]
- 2018 Bahamas Blockchain & Cryptocurrency Conference [Last Updated On: July 27th, 2018] [Originally Added On: July 27th, 2018]
- WORLD BLOCKCHAIN CONFERENCE [Last Updated On: August 20th, 2018] [Originally Added On: August 20th, 2018]
- Azure Blockchain Workbench | Microsoft Azure [Last Updated On: September 29th, 2018] [Originally Added On: September 29th, 2018]
- Crypto Guru on Bitcoin, ICOs, Blockchain, ETFs, & More ... [Last Updated On: September 29th, 2018] [Originally Added On: September 29th, 2018]
- Dot Blockchain Media [Last Updated On: September 29th, 2018] [Originally Added On: September 29th, 2018]
- 75 banks join JPMorgan-led blockchain payment project ... [Last Updated On: September 29th, 2018] [Originally Added On: September 29th, 2018]
- Walmart will use blockchain to ensure the safety of leafy greens [Last Updated On: September 29th, 2018] [Originally Added On: September 29th, 2018]
- Malta wants to become 'Blockchain Island' [Last Updated On: September 29th, 2018] [Originally Added On: September 29th, 2018]
- Walmart is betting on the blockchain to improve food safety ... [Last Updated On: September 29th, 2018] [Originally Added On: September 29th, 2018]
- From Farm to Blockchain: Walmart Tracks Its Lettuce [Last Updated On: September 29th, 2018] [Originally Added On: September 29th, 2018]
- The Truth About Blockchain - Harvard Business Review [Last Updated On: October 2nd, 2018] [Originally Added On: October 2nd, 2018]
- Blockchain.io | Your Gateway to the Internet of Value [Last Updated On: October 17th, 2018] [Originally Added On: October 17th, 2018]
- Blockchain Whispers: The Most Accurate Crypto Signals [Last Updated On: December 8th, 2018] [Originally Added On: December 8th, 2018]
- MLG Blockchain - Expert Blockchain Consulting & Development [Last Updated On: December 10th, 2018] [Originally Added On: December 10th, 2018]
- What Is The Blockchain? - Pixel Privacy [Last Updated On: December 27th, 2018] [Originally Added On: December 27th, 2018]
- Blockchain Wallet: Bitcoin on the App Store [Last Updated On: January 13th, 2019] [Originally Added On: January 13th, 2019]
- The Ultimate Guide To Understanding What A Blockchain Is ... [Last Updated On: March 20th, 2019] [Originally Added On: March 20th, 2019]
- Amazon Managed Blockchain [Last Updated On: March 20th, 2019] [Originally Added On: March 20th, 2019]
- What Is Blockchain? The Complete WIRED Guide | WIRED [Last Updated On: March 20th, 2019] [Originally Added On: March 20th, 2019]
- Symmetry [Last Updated On: March 28th, 2019] [Originally Added On: March 28th, 2019]
- What is Blockchain Technology? A Beginners Guide [Last Updated On: April 18th, 2019] [Originally Added On: April 18th, 2019]
- Yosemite X uses blockchain tech to shorten payments trip ... [Last Updated On: April 20th, 2019] [Originally Added On: April 20th, 2019]
- BitcoinSVs blockchain is struggling with its enormous 128MB ... [Last Updated On: April 20th, 2019] [Originally Added On: April 20th, 2019]
- Jimmy Song discusses Bitcoin, blockchain, and the crypto space [Last Updated On: April 20th, 2019] [Originally Added On: April 20th, 2019]
- Blockchain on AWS [Last Updated On: May 5th, 2019] [Originally Added On: May 5th, 2019]
- Blockchain Login Blockchain [Last Updated On: June 7th, 2019] [Originally Added On: June 7th, 2019]
- German telecom giant hires blockchain professor hopefully, its a good thing - The Next Web [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Israeli Startup Creates Offline Wallet With Access to the Blockchain - CoinDesk [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Overstock seeks blockchain stock registration with SEC - CoinGeek [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Telefnica Making Provisions Not To Miss The Blockchain Boat - Forbes [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Verizon and Wells Fargo Are Getting on the Blockchain - Market Realist [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Blockchain Mortgages Could Help The Impending Recession - Forbes [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- The Smartest Way to Buy Blockchain Stocks - Zacks.com [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Vodafone litters London with blockchain tokens in new augmented reality game - The Next Web [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- 5 Enterprise Blockchain Stories of the Week - Forbes [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- ternity Partners with Uruguay Can to Track Cannabis Production on the Blockchain - GlobeNewswire [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Putting blockchain technology to good use - ComputerWeekly.com [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Blockchain simplified: How it eliminates the middleman - Big Think [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Building On Blockchain Without Code: Proxeus Goes Live - PRNewswire [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Googles Quantum Computing Breakthrough Brings Blockchain Resistance Into the Spotlight Again - Forbes [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Five things to know about blockchain and CRE - REjournals.com [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- Blockchain Technology Is Already Improving Lives At 22 Hospitals - Forbes [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- How Blockchain Is Changing The Game For Social Impact Initiatives - Forbes [Last Updated On: September 25th, 2019] [Originally Added On: September 25th, 2019]
- The Shift Toward Decentralized Finance: Why Are Financial Firms Turning To Crypto? - Forbes [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Could Blockchain Revolutionize the Real Estate Industry? - RisMedia.com [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Cross Reality And Blockchain - A New Era Of The VR Industry - Forbes [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Vontobel to offer structured product using blockchain technology - Investment Europe [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- MineRP to partner with Karuschain to adopt blockchain platform - Mining Technology [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Stellar Development Foundation proposes to disable inflation mechanism from its protocol - The Block Crypto [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- BurstIQ raises $5.5M to bring blockchain to the healthcare space - VatorNews [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Blockchains Next Frontier: Saving the Planet (and Possibly Pandas, Too) - Observer [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Mark Cuban bullish on blockchain, but would take bananas over bitcoin - The Block Crypto [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Energy Industry Blockchain Landscape - The National Law Review [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- US Homeland Security grants blockchain credentialing contract to Danube Tech - Ledger Insights [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- U Wyoming Spurs Blockchain Development with Hackathon 'Stampede' - Campus Technology [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- How the blockchain is inspiring organizational design - Quartz [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Blockchain At The United Nations Leading Solutions To The Global Crisis - Forbes [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Exploring cryptocurrency and blockchain in Iceland - Penn: Office of University Communications [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Will Facebook's Libra Overtake Bitcoin Cryptocurrency And The Ethereum Blockchain? How Will It Work? - Forbes [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Overstock.com Hones In On Blockchain Identity With Medici Ventures And Evernym Partnership - Forbes [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- How Blockchain Is Affecting The Marketing And Advertising Industry - Forbes [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Japanese Messaging App LINE Positioning Itself As Leader In Blockchain and Crypto Space - Forbes [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Could Blockchain Help the Cannabis Industry? Were About to Find Out - Observer [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Energy Blockchain Applications Expected to Experience a 67% CAGR - Transmission & Distribution World [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Blockchain Technology is Disrupting the Startup Ecosystem - Times of India [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Is blockchain the answer for sustainability in the cocoa sector? - ConfectioneryNews.com [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Blockchain voting is vulnerable to hackers, software glitches and bad ID photos among other problems - The Conversation US [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Blockchain is not the only solution for better and faster payments - Euromoney magazine [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Can blockchain restore trust to the fund management and audit industries? - Accountancy Age [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Smart contracts and blockchain will provide needed trust, says Princeton professor - TechRepublic [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Gartner IT Symposium/Xpo 2019: Blockchain strategy must evolve at the same pace as technology - TechRepublic [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Binance CEO: Putin Is the Most Influential Person in Blockchain - Cointelegraph [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]