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Sep 2023
18m 3s

How Crypto Scammed The World

Underknown
About this episode

In October 2008, a paper titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ was published, announcing the creation of one of the world’s first cryptocurrencies. This paper was written by Satoshi Nakamoto, the inventor of Bitcoin.


Nakamoto then created a message board called BitcoinTalk and wrote, “I’ve developed a new open-source P2P e-cash system called Bitcoin. It is completely decentralized, with no central server or trusted parties, because everything is based on cryptographic proof instead of trust. Give it a try.” Obviously, people did.


But who is Satoshi Nakamoto? The short answer is no one knows. There is at least one real person behind this alias because someone wrote the code for Bitcoin, published a paper about crypto, sent emails and made forum posts about the new digital currency. But beyond that, Nakamoto’s identity remains a mystery.


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