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Crag Wright Reveals the Origin of the Name Satoshi Nakamoto

2 min read

Bitcoin has been around for over a decade now. In that time, a lot has happened. Bitcoin has become accepted more as a currency globally while blockchain has extended to several other industries and more. However, one thing still remains a mystery: the man (or woman) who started it all. Who Satoshi Nakamoto is seems to be the only question we are yet to find an answer to. Maybe not anymore now, with Craig Wright recently revealing a document that may explain it all.

Craig Wright divides opinion sharply, and rightly so. Since he declared himself to be the long-sought Satoshi, he has received love and hate in equal measure. Top crypto personalities have had a lot to say, including Ethereum founder Vitalik Buterin who has been quite outspoken against Wright.

Now, in a recent interview, Wright revealed the origin of the name Nakamoto. In the interview with Modern Consensus, he showed the interviewer an article from JSTOR, an academic journal database. The article was dated Jan 5, 2008, which was before Bitcoin was launched. It is on Tominaga Nakamoto, a man who lived in Japan between 1715 and 1746.

The article contains the following handwritten notes:

“Nakamoto is the Japanese Adam Smith. Honest Ledger + Micro Cash. Satoshi is Intelligent History. Not too hard.”

What of Satoshi? 

Nakamoto’s economic ideas were the reason he chose the pseudonym, he stated. He explained:

“In part, yes. He wrote about money and honest money and the rational nature of things. The shogun [feudal ruler] at the time was in financial crisis, and economic austerity. […] I like the description of him, and I got into his brother, Tōka. ‘Nakamoto was upright and quiet but impatient in character’ and I thought: ‘That sounds like me.'”

As for Satoshi, the nChain chief scientist explained, “Satoshi, the actual meaning is “intelligent learning.” It’s about ancestors, smart and wise ancestors. You’ve got the concept of blocks and whatever goes before, instructs what comes out but that’ll all come out.”

Wright also touched on the legal dispute between him and the estate of David Kleiman. Kleiman was a cybersecurity expert and many believe he was one of the first Bitcoin developers. Many misunderstand the case, he stated.

He explained:

Everyone’s speculating on a whole lot of things and they haven’t actually gone anywhere yet. They’re commenting on evidence; you have to do things like hand over hard drives in my case. What people don’t understand is that what actually becomes evidence is a different thing.

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Cryptomute | 2020