Satoshi Nakamoto, the mysterious Bitcoin founder,’s origins have long been shrouded in mystery. Nakamoto’s real identity has been a matter of grave speculation, with the Bitcoin community curious to know who that legendary individual who conceptualized Bitcoin was. That being said, while the world wants to know this mysterious personality, Binance’s Changpeng Zhao wants to do the opposite. He wants Nakamoto to stay hidden, all for the sake of Bitcoin. Here’s why.
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Keep Nakamoto Hidden: CZ Says
In his latest interview with the TBPN, Binance’s Changpeng Zhao shared his new stance, the one that does not want to reveal Satoshi Nakamoto’s true identity. Per Wu Blockchain’s summarized updates, CZ in this interview reiterated how he does not know who Satoshi Nakamoto truly is. He later shared that he would not reveal Satoshi’s real identity to anyone even if he knew. Zhao revealed the repercussions of this development, the fact that unmasking Nakamoto’s identity could end up jeopardizing Bitcoin, bringing in centralization issues around the tech.
In simpler terms, CZ revealed how the fact that Bitcoin remains decentralized is due to the fact that its founder is no longer involved with the project.
“… Uh, no. Unfortunately, I don’t. Uh, even if I did, I would have said no, but I honestly don’t … . What makes Bitcoin unique is that we don’t know why the founders are no longer participating. He may not be around. He may not be participating. So uh that makes it more decentralized. Um, I think that’s a good thing, and we should come to terms. I came to terms with it quite a while ago. So even though I’m curious, I’m not actively looking. Yeah.”
Bitcoin’s Nakamoto’s Worth Per Arkham
The founder of Bitcoin, Satoshi Nakamoto, currently owns nearly 1.096M Bitcoin valued at $73B at present times. When it comes to individual addresses, Arkham shared how Binance’s cold wallet currently possesses 250,000 BTC coins.
“When grouping different wallets together into an entity, Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is the largest holder of the currency, in possession of 1.096 million BTC (around $73 billion). When it comes to individual addresses, the wallet holding the largest amount of BTC is a Binance exchange cold wallet, with almost 250,000 Bitcoin.”
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