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Satoshi Nakamoto's Biography

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Human-Written

Words: 1193 |

Pages: 3|

6 min read

Published: Oct 22, 2018

Words: 1193|Pages: 3|6 min read

Published: Oct 22, 2018

It is no secret that the identity of Satoshi Nakamoto, the mastermind behind Bitcoin's blockchain and the first promoter of the life of cryptocurrencies in the world, has been a mystery to his followers. However, it is not hard to believe that Bitcoin is actually the product of the creation of the U. S. National Security Agency. Satoshi Nakamoto means "Central Intelligence" in Japanese, which cannot be a coincidence. The image of Nakamoto is said to have been sold for the purpose of representing an ideal and maintaining the anonymity of the people involved in the project. However, it is hard to believe that a group of programmers (or just one individual) has been so devoid of ego that did not hold any desire to brag about the fame obtained due to the brilliance of their concept and the innovation that came with their ideas. In addition, no one has ever met Satoshi Nakamoto in person, and there is no conclusive evidence that can lead to his identification.

This means that, in the case of him being an individual, that person would certainly have intelligence training, since staying under the shadows for such a long time would be quite difficult for an average programmer. Other evidence includes the fact that Bitcoin uses a common encryption program to create secure passwords, which is believed to have a backdoor to the NSA; there have been mysterious removals of numerous Reddit threads linking Bitcoin or Satoshi Nakamoto to the NSA; and that Bitcoin is not completely decentralized and independent, as it is being managed by a small group led by Gavin Bell, one of the developers at the top. Claims that the NSA created Bitcoin have actually been released for years. As commonly known, the NSA invests millions of dollars in encrypting your information and may be one of the clues to assume that they are one of the main agencies that may be behind the creation of this virtual currency. In itself, it does not represent anything negative, since it is part of a temporary support for the world economy and trying to bring out new financial products, trying not to notice a drastic fall that would call into question the competence of our leaders and the management of the economy they are currently leading.

The NSA was one of the first organizations to describe a system with the same principle that rules blockchain technology. About twelve years before Satoshi Nakamoto published his legendary white paper, a group of NSA information security researchers published an article titled How to Make a Mint: Anonymous Electronic Money Cryptography in an MIT mailing list and The American Law Review. The paper describes a system very similar to Bitcoin in that secure financial transactions are made possible through the use of a decentralized network to which researchers informally refer as the Bank. They list four things as indispensable in their proposed network: privacy, user identification (protection against impersonation), message integrity (protection against manipulation/substitution of transaction information - that is, protection against double expenditure) and non-rejection (protection against subsequent denial of a transaction - a chain of blocks!). People have wondered why it uses the SHA-256 hash function, which was designed by the NSA and published by the National Institute for Standards and Technology (NIST).

The fact that the NSA is linked to the SHA-256 leads some to assume that it has created a backdoor to the hash function that no one has ever identified, allowing it to spy on Bitcoin users. Assuming that the NSA did something to the SHA-256 that no outside investigator has detected, what it gets is the ability, with credible and detectable action, to falsify transactions. The really scary thing is that someone finds a way to find collisions on the SHA-256 really fast without forcing or using a lot of hardware and then take control of the network. It is clear that SHA-256, the algorithm Satoshi used to secure Bitcoin, was not available because it was produced in 2001. However, SHA-1 would have been available, having been published in 1993. The online community wonders why, if Satoshi was, in fact, an individual who was part of the NSA, not just claim ownership of the identity. Most importantly, if Satoshi Nakamoto is a real person, not a group that wants to remain secret, why not come forward and claim his nearly billions of dollars worth in Bitcoin?

The identity of Bitcoin's creator causes constant controversy and, while several people have been attributed with his name, it always turns out to be a deception, although in this case, it is usually very ambitious and carefully planned. Behind the whole tangle of "convincing evidence" that has just arisen there are interests that seem very obvious: making Bitcoin regain the popularity that it has lost in recent years and, above all, making one of the factions involved with its economic model the dominant one. Further to the point about Bitcoin's success, it is impossible to deny that its design is very solid, robust, manageable, which proves this is not just any student's job. Of course, logically, the NSA employs individuals and ultimately is the work of mathematicians, programmers, and cryptographers, but if we deduce that the most likely group is able, willing and motivated to embark on such a project, suspect. Universities, on the other hand, did not produce such white papers from 1996 onwards.

The NSA has the capability, motive, and operational capability: they have the cryptographic equipment, the world's fastest supercomputers, and they see the need. Whether instructed or as part of a DARPA project, it is not clear and will never be known. In fact, the NSA employs some of the best mathematicians and cryptographers in the world. Few people know their work because it is a secret, and this is not the kind of work you leave behind to create your own cryptocurrency company. The reason why the NSA would do this is simple: controlling and monitoring the people’s activities. The main U. S. media dominates the world is through economic policy, albeit backed by bombs. Moreover, the primary support of the US dollar is primarily military.

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The connection between the military system and the US dollar is inextricably intertwined. Is it possible that the NSA could view more transaction information, invisible to the average user, in a hidden layer of security in the undetectable Blockchain, such as network location data? It is not that hard to believe, considering previous maneuvers done by them. Of course, security experts will point out the fact that this layer is still invisible, but if it exists, it would be hidden. The point here is that there are many different types of control. The NSA monitors and collects literally all electronic communications: internet, phone calls, everything. They even listen to voice calls encrypted with high-powered microphones, devices such as cell phones equipped with recording devices. It is very difficult to communicate on planet Earth in private, without being heard by the NSA. Therefore, it is logical that they also want full control of the financial system, including records of all electronic transactions, which Bitcoin provides.

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Cite this Essay

Satoshi Nakamoto’s Biography. (2018, October 22). GradesFixer. Retrieved December 20, 2024, from https://gradesfixer.com/free-essay-examples/satoshi-nakamotos-biography/
“Satoshi Nakamoto’s Biography.” GradesFixer, 22 Oct. 2018, gradesfixer.com/free-essay-examples/satoshi-nakamotos-biography/
Satoshi Nakamoto’s Biography. [online]. Available at: <https://gradesfixer.com/free-essay-examples/satoshi-nakamotos-biography/> [Accessed 20 Dec. 2024].
Satoshi Nakamoto’s Biography [Internet]. GradesFixer. 2018 Oct 22 [cited 2024 Dec 20]. Available from: https://gradesfixer.com/free-essay-examples/satoshi-nakamotos-biography/
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