The Notorious Satoshi Nakamoto

A Review Of Finding Satoshi

I recently have been reading “Life After Google¬† The Fall Of Big Data and The Rise Of The Blockchain Economy” by Gene Gilder. There is one chapter that takes your mind on a trip to meet up with the infamous Satoshi Nakamoto.
Traffic wave banner
One chapter of this great and intriguing book takes you to a virtual interview with Satoshi Nakamoto, the creator of Bitcoin’s blockchain. Notice¬†I said the creator of Bitcoin’s blockchain, I will discuss that statement in another post, but for now let’s focus on this great story. This story starts of with mentioning that up until 2010 you could at least find Satoshi Nakamoto’s avatar in the chat’s and forum’s….then poof he/she disappeared. Then in 2014 this person reappeared in the chat’s to announce that they were in fact not Dorian Nakamoto, which is the person that many think could very well have been the notorious Nakamoto.

Who Is Dorian Nakamoto

Dorian Nakamoto was believed by many for a long time to be the notorious Satoshi Nakamoto because of his background. Dorian Nakamoto is a former CIA coder, so many folks have thought that he was the one whom created the Bitcoin blockchain because of his expertise involved the use and knowledge of C++( a coding language that is a part of the blockchain’s code). But let me set your mind at ease Dorian is not the creator of this marvelous technology.

I can somewhat understand why folks would think that this person could be Satoshi, but my common sense clearly understands why he is not.

Think about it, why in the world would a person that is so intelligent create something so amazing, so controversial and without a doubt that would make them a target, then they actually allow their real selfs to be known. Makes no sense to me at all.
coinbase banner
Myself I have never thought that the real person behind this great creation would have allowed them selves to be found so easy, thus it makes no sense to me that Dorian could be this person that so many have searched for and still are.

The Virtual Interview with Nakamoto

George Gilder takes you thru an interview that he has in his mind. During this interview he ask the typical questions like why did you disappear, how exactly does the blockchain work and what makes the final product “Bitcoin” valuable.

He surmises that the reason that Satoshi went into hiding was because of how Wiki-Leaks Founder Julian Assange was being treated by the US…and still to this day is in legal trouble with the US.

He also believes that Satoshi went into hiding as well because he knew that if Bitcoin proved to be valuable and was able to be used like fiat currency then the governments of the world would not like that and therefore would be after him. On the other hand, if Bitcoin ends up being a big failure costing folks lots of money as a result….then again he was going to hunted and tried for various charges. So he went into hiding.

In his discussion with Nakamoto it was explained why bitcoin holds a value:

  • He says that it’s due to all of the work that it takes to create and that with out that work being done a bitcoin cannot be created any other way making it rare and valuable.
  • Then to make it even more valuable it is limited on how many can be produced.
  • Next is as more folks use it and acquire it the value also should also increase with circulation.

He also says that he designed it so that the blockchain would take years to mine all of the bitcoins so that improvements could be made along the way. What he created was only a sound foundation.

Of course this is all in George Gilder’s mind.

He mention’s a person that he believes is the most likely person he has found that he believes is the infamous Satoshi Nakamoto.

But this book is so good I am going to be a mean host and make you go read it to find out whom he thinks it is.

I bought this book for my audible account…I like to listen to books while I work on my other projects and while I am marketing my offers.

Give it a read I believe you’ll enjoy it…I have listened to it 4 times already!!! It’s very good indeed!!!

Places You Can Use Bitcoin For Purchases While Traveling

Use Bitcoin For Your Travel Purchases

I know it’s been a minute since you have been able to read anything directly bitcoin related here.
Traffic wave banner
I was contact by “Million Mile Secrets“, because they liked a post I did “I was wrong about bitcoin. Here’s why“.

Well they asked if they could get me to edit that post to include a link to them. Rather than do that I decided to give you my thoughts on their post and the subject. Also Over in the side bar you will find their link under “Crypto Travel Tips”.

It is getting to be easier to use bitcoin when you are traveling, as well as on-line. Million Mile Secrets does a great job of breaking down the different options that you have available in which to use crypto for your purchases of goods and services.

While they let it be known that “Expedia” has stopped allowing their customers to pay for services using bitcoin, they give you over a dozen other places that still do. They include travel agencies, airlines, buses and airports.

A while back I wrote a post about a group of crypto big wigs that have relocated their businesses to Puerto Rico…..I think that the news about the Caribbean Tourism Organization, is most likely tied to the same group of businesses (Mission Create A Crypto Based Economy is the post I am referencing).

coinbase banner

Sound Advice For Using Bitcoin

This post goes on to give you some helpful tips and advice concerning crypto usage.

They mention that most banks do not allow you to buy crypto directly and that although there are other ways you should :

  • Research and make sure that your doing business with a reputable company.
  • Take into consideration how much the market fluctuates.
  • Consider the way you will store and access your bitcoin. This is very important, you need to make sure that if you are storing any of it on-line that it’s not going to be gone overnight because you used a fly by night company. I recommend “CoinBase” myself. For a hard ware type of wallet, such as a thumb wallet(like a usb drive), I would recommend “Trezor“.

 

My Final Thoughts

This is a great up to date ( as of August 2018) article from which I would recommend that you use to launch your research from if you plan on traveling anytime soon. If you are considering using crypto while traveling they provide some excellent tips and advice to help you make informed decisions.

Here’s the link to their post: Million Mile Secrets: Can You Use Bitcoin to Pay for Travel?