Quote from: BitGoba on Today at 06:49:26 AM

Quote from: Obiene12 on September 01, 2025, 04:36:46 PM

Bitcoin is a revolution that took the world by storm, people talk about it in every day of their life. The knowledge behind this revolution is a top notch. Kudos to the brain behind it.At first i was scared to venture into it but my fears is long gone
The way it is structured is second to none. The technology and the technical know how is another thing that baffles me. Selling the coin to someone you have not met and the person paying money to someone he too has not met in trust is another dimension of trust. In all Bitcoin is built on trust though ,there are those that will want to cheat.

Bitcoin was created by someone who had a deep understanding of money and the technical expertise to implement it. This was most likely Nick Szabo, - Satoshi Nakamoto. He had been studying money long before Bitcoin was created. Here is one of his 2002 articles on the origins of money
https://nakamotoinstitute.org/library/shelling-out

The writing style of Nick Szabo and Satoshi is very similar. Before Bitcoin, Szabo attempted to create Bit Gold, which was a kind of precursor to Bitcoin, but he was not able to successfully implement it.

Bitcoin is most similar to early forms of money, like the Rai stones from the island of Yap. These were large stones that never moved, the islanders would gather and remember who owned which stone when trade occurred. Similarly, Bitcoin is essentially just a ledger that records who owns how much. All the people running nodes act like the Yap islanders, keeping track of who owns what and to whom it belongs.You cannot be cheated because everyone using this monetary system and its money runs their own nodes, which remember and verify transactions.It is a much more transparent and secure monetary system and form of money compared to bankers’ fiat currencies.

The writing style of Nick Szabo is indeed similar to the one Satoshi Nakamoto used, however, there are crucial differences. First of all Szabo has consistently and publicly denied being Satoshi Nakamoto. In a 2014 email to journalist Dominic Frisby, he wrote: "I'm afraid you got it wrong doxing me as Satoshi, but I'm used to it". To New York Times reporter Nathaniel Popper, he stated simply: "I'm not Satoshi". These denials have remained consistent over more than a decade of speculation.

There are differences in the technical implementation as well between Bit Gold and Bitcoin's actual implementation. Szabo's design involved market-based pricing where different units of Bit Gold would have varying values based on their computational difficulty - essentially making them non-fungible. Bitcoin, conversely, implements uniform fungible units with algorithmic difficulty adjustment and decreasing supply rewards.

More significantly, Szabo was primarily a theorist rather than a programmer. While he conceptualized digital currency systems, there's limited evidence of his coding abilities. Bitcoin required sophisticated implementation skills, and as one analysis noted, "it's much easier to run actual software than a design for software " - a quote from Szabo himself that may inadvertently highlight why Bit Gold remained conceptual.

Satoshi Nakamoto's communications with Wei Dai provide strong evidence against the Szabo theory. In early 2009 emails, Satoshi appeared unaware of Szabo's Bit Gold work until Wei Dai mentioned it. Wei Dai explicitly stated: "in Satoshi's early emails to me he was apparently unaware of Nick Szabo's ideas and talks about how bitcoin 'expands on your ideas into a complete working system'".

The timing of Bitcoin's development also raises questions. Satoshi stated that he wrote "all the code before I could convince myself that I could solve every problem, then I wrote the paper". This implementation-first approach contrasts with Szabo's academic background of theoretical papers followed by potential implementation. Additionally, analysis of Satoshi's online activity patterns and technical choices suggests different methodological approaches than those typically associated with Szabo's documented work style.

The linguistic similarities could reflect shared terminology within the small cryptography community rather than common authorship. As early pioneers in digital currency, both would naturally use similar technical vocabulary and reference common concepts. The "smoking gun" phrases identified in linguistic analyses might simply represent standard terminology in cryptocurrency discourse.

Here is David Gerard's article related to this topic:
https://davidgerard.co.uk/blockchain/2018/12/16/no-nick-szabo-wasnt-satoshi-in-2014-either/

Coingeek article:
https://coingeek.com/faketoshi-series-nick-szabo-the-men-who-are-not-satoshi-part-1/

So no, Nick Szabo is not Satoshi Nakamoto.