Bitcoin Creator Satoshi Nakamoto May Also Have Created This Altcoin: Report

Bitcoin Creator Satoshi Nakamoto May Also Have Created This Altcoin: Report

Nakamoto Had Motives To Improve Bitcoin Algorithm

A new study by Monero Outreach concludes that Bitcoin and Monero can be created by the same person or entity.

Monero is a cryptocurrency that appeared in 2014 to address Bitcoin’s privacy issues. When using a Monero public ledger, no one can monitor the action done on it, making XMR the most used coin among dark web users.

Monero’s promotional document was published on December 12, 2012, about three years after Bitcoin’s genesis block. The author of the white paper is Nicolas van Saberhagen. As you can imagine, this is also a nickname, so nobody knows who created Monero.

Monero Outreach suggests that Satoshi Nakamoto and Nicolas van Saberhagen are the same people. The main argument provided by research authors is that Nakamoto has a clear reason to publish the CryptoNote white paper, the document that reveals the Monero concept. In a Bitcointalk forum post in August 2010, Nakamoto also shared the first privacy concepts that would later appear in Monero’s white paper, secret addresses and public signatures that conceal XMR recipients and senders.

Additionally, when CryptoNote 1.0 was released, Nakamoto had already observed Bitcoin’s block size changes and mining reward halving. Monero’s blockchain addresses these issues. He also developed the proof of work algorithm to make mining more available to anyone using the typical GPU.

Stylometry Theory Also Supports This Result

While examining the writing style of both white papers, a style link may be noticed between the two. The authors of the research used stylometry, a software program called the Java Graphical Authoring Association Program (JGAAP), and realized that the author of the CryptoNote white paper was more likely to be Nakamoto than the author of 15 other articles selected from Monero.

Some similarities can be seen with the naked eye. For example, instead of the typical style observed in both technical reviews in academically formatted newspapers, the phrase “favor / favorable” writing style and the expression “both documents highlight black” and white lines and solid and dashed lines were used.

Nakamoto's whitepaper vs Monero whitepaper

Thunderosa, Creative Leader of Monero Outreach, comments on the subject:

When you first look at these two documents side by side, you might think that there are crazy similarities. Perhaps we should start looking for the writer Satoshi van Saberhagen.

However, research authors do not expect the Bitcoin or Monero community to embrace this narrative.

Monero Outreach Organizer Xmrhaelan said:

Like many, I still process it. Nevertheless, I will confidently say that Monero is Satoshi’s biggest business if Satoshi Nakamoto is Nicolas van Saberhagen.

After all, what needs to be said is the April 1 joke, and the main conclusion is that Craig Wright should be a genius.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

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