Speculation over the true identity of Bitcoin’s creator, Satoshi Nakamoto, has taken an unexpected turn, with new theories linking Twitter co-founder and Block CEO Jack Dorsey to the pseudonymous figure.
This theory, reignited by a detailed post from X (formerly known as Twitter) user Sean Murray, draws connections between Dorsey’s background and key Bitcoin milestones.
Murray claims Dorsey was an active member of the cypherpunk community as early as 1996, with a strong interest in cryptography and programming.
Murray noted:
“Wrote a manifesto about making a mark without leaving a trace in 2001…Jack parades himself around in a Satoshi shirt…Posted in 2003 that he is ending his dependence on the US dollar and creating a barter network.”
He also notes that Bitcoin.org was registered a day after Dorsey tweeted a cryptic message about sailing—echoing a sailor’s reference in the original Bitcoin source code.
Other coincidences include the alignment of Satoshi’s forum activity with Dorsey’s birthday and those of his family members, as well as timestamps on early Bitcoin documentation matching Dorsey’s known late-night work habits.
Murray added:
“The belief that Satoshi never wanted to be found is something that other people invented about Satoshi. Satoshi chose pseudonymity, not anonymity, as Jack so pointed out in a podcast with Lex Fridman. The reason why Jack would do all of the above, while not directly admitting it, is because Satoshi and Bitcoin are his art. And it’s a masterpiece.”
VanEck’s head of digital asset research, Matthew Sigel, also supports the theory, calling the evidence “compelling and worthy of further scrutiny.”
On X, he shared slides from a report titled Jack Dorsey = Bitcoin, outlining striking parallels between Dorsey and Satoshi.
While Dorsey has not addressed these claims, Sigel argues that uncovering Satoshi’s identity would strengthen Bitcoin’s long-term stability rather than harm it.
Despite the extensive circumstantial evidence, the theory remains speculative—but undeniably intriguing.
The identity of Bitcoin’s creator remains one of the most enduring mysteries in technology.
Over the years, numerous individuals have been speculated to be Satoshi Nakamoto, but definitive proof has remained elusive.
However, the claim was widely dismissed as speculative, and Todd himself denied any involvement.
Similarly, a high-profile “Satoshi Nakamoto reveal” event in London unravelled in bizarre fashion, fuelling further scepticism about self-proclaimed Bitcoin creators.
Beyond Todd and recent speculation around Dorsey, several other figures have been linked to Satoshi.
Len Sassaman, a cryptographer known for his work on privacy-focused projects, was considered a potential candidate until his widow refuted the claims.
Another prominent theory centers around Nick Szabo, the creator of Bit Gold, a precursor to Bitcoin.
Szabo, a pioneer in cryptographic currencies and smart contracts, has long been suspected due to his extensive writings on decentralised money and his contributions to foundational cryptographic principles.
Interestingly, reports suggest he retroactively edited timestamps on his blog posts to align with Bitcoin’s development timeline.
10X Research, a respected crypto analysis firm, has pointed to Szabo as the most likely candidate, citing his early work and involvement in cryptographic currency projects.
An excerpt in the research reads:
“The most likely inventor of Bitcoin appears to be Nick Szabo, who developed the phrase and concept of smart contracts in the ’90s and designed a mechanism in 1998 for a decentralized currency called Bit Gold.”
Some theories even suggest he worked with the NSA on research that later influenced Bitcoin’s architecture.
Meanwhile, Australian entrepreneur Craig Wright has repeatedly claimed to be Satoshi Nakamoto but has failed to provide verifiable proof.
His legal battles to assert the claim have only further discredited his case, most recently resulting in another court defeat.
Despite ongoing speculation, the true identity of Bitcoin’s creator remains unresolved, adding to the intrigue surrounding the world’s most influential cryptocurrency.
The search for Satoshi Nakamoto’s true identity remains a divisive issue within the Bitcoin community.
While some are eager to uncover the elusive creator, others warn that such speculation is not only futile but potentially harmful.
Security expert Jameson Lopp criticised:
“Accusing someone of being Satoshi without providing bulletproof evidence makes you [a bad person] because you’re painting a target on them.”
Open-source developer Rusty Russell has cautioned against these efforts, arguing they violate privacy and could lead to unintended consequences.
These concerns are not without merit.
The recent HBO documentary’s claims about Bitcoin’s founder forced Todd into hiding, underscoring the risks of exposing potential candidates.
Yet, the speculation persists.
Beyond the mystery of Nakamoto’s persona, some worry about the security of Satoshi’s vast Bitcoin holdings.
Tether’s CEO has warned that advancements in quantum computing could one day compromise these assets, raising new concerns about Bitcoin’s long-term resilience.
As for the latest theory linking Dorsey to Satoshi, opinions remain divided.
Sigel finds the evidence compelling, but many dismiss it as yet another unconvincing attempt to solve the puzzle.
With no definitive proof in sight, the question remains: is this the breakthrough the world has been waiting for—or just another chapter in Bitcoin’s greatest mystery?
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