Who is Sakashi Nakamoto?
Satoshi Nakamoto is the pseudonym behind which, for more than ten years, the identity of the inventor or inventors of the Bitcoin cryptocurrency has been hidden.
The world started reading this name when, in 2008, the Bitcoin protocol was released on the metzdowd.com website. The following year the first official version of the client was released. Following the construction of a real community around Bitcoin – certainly not the first cryptocurrency but the most famous then and also today – Satoshi Nakamoto has announced his retirement.
An example of this is the official message published in 2011, with the communication of the handover to Gavin Andresen. There have been many theories about Satoshi Nakamoto’s identity over the years. Users interested in making money with cryptocurrencies have obviously wondered how to buy Bitcoin, but also who invented it. Today, no one knows yet if there is a man, a woman or a group of people behind the invention of the most famous cryptocurrency in the world. In any case, the translation of the pseudonym into Japanese is interesting.
The term Satoshi is translated from Japanese into Italian as “clear thought”, while “naka” can be translated as “inside” and “relationship”. This is an exercise in style, but so far the analysis of possible translations has produced nothing concrete. Among those who came to the center of attention for the association with Satoshi Nakamoto, it is possible to remember the cryptography professor Michael Clear, who denied any connection with the figure or with the team behind. the invention of Bitcoin.
As for the theories that have been formulated, that of Adam Penenberg should be noted. Professor at New York University, he divulged the theory of the presence of three people behind the pseudonym of Satoshi Nakamoto. According to his point of view, Bitcoin cryptocurrency is an original idea of Neal King, Vladimir Oksman, Charles Bry. Penenberg’s theory was born from a Google search and the discovery of certain phrases is included in a patent application for cryptographic keys.
The latest request came from King, Oksman and Bry. All three, however, denied any involvement in the Bitcoin project.
Sakashi Sakamoto’s heritage
Over the years, Satoshi Nakamoto’s Bitcoin assets have also been unearthed. To know precisely is impossible, but for many Satoshi Nakamoto is very rich. The hypothesis has a reason if one thinks of the fact that, in any case, it is the person who gave life to the protocol.
Although there is no certainty about Satoshi Nakamoto’s legacy, one expert has attempted to estimate him. Blockchain expert Sergio Demian Lerner is convinced that Satoshi Nakamoto – assuming he exists in life – is the owner of 980,000 Bitcoins. Considering the variations resulting from volatility, we are talking about a wealth that can make him one of the 250 richest men on the planet.
How to invest in Bitcoin?
As you can see, we have just touched on the concept of volatility.
The value of Bitcoin changes over time, and therefore buying today is not the best alternative. The risk, in fact, is to have less sums available than at the beginning. How to solve the problem? Use of CFDs (Contracts for Difference). With these tools it is possible to win even when Bitcoin is losing share, replicating its trend without the need to buy anything.
The possible alternatives are the following: opening a long or buying position in the event that the value of Bitcoin increases and opening a short or short sell position. The easy-to-use CFD involves the use of serious and authorized brokers all over the world (thanks to them you can invest without the risk of running into scams).
Exchanges for bitcoin and cryptocurrencies
Exchanges are sites where it is possible to exchange virtual currencies with traditional currencies. For example, it is possible to transform Bitcoins into euros and vice versa. This solves the problem we described earlier for one simple reason: it makes virtual currency money instantly spendable, liquid, ready for transactions.
Exchange sites were initially frowned upon by cryptocurrency fanatics as they believed they incentivized holders of virtual currency to get rid of it. The effects were very positive, as ordinary people began to perceive Bitcoin and the like as a less risky instrument, precisely because it is immediately convertible into euros, dollars, pounds etc.
Another advantage of exchanges is the presence of a very competitive climate. The sites are nu
merosi and this stimulates competition. It is useless to specify that where competition is high, the quality of services tends to increase, to the benefit of users. Just to name a few, among the most famous Exchanges we find:
Most important cryptocurrencies in 2021
In 2021 the cryptocurrency market marks a recovery of collective interest. Among the most important cryptocurrencies we remember (in random order):
- FTX Token
- Binance Coin