A new documentary contains a new theory about the identity of the elusive creator of bitcoin.
In 2008, someone using the pseudonym Satoshi Nakamoto published the design of the cryptocurrency bitcoin, proposed the initial code and was active online for just under two years. In this time, they helped develop the code, answer questions and promote the project. Then, claiming to busy with new things, Nakamoto left working on bitcoin and was probably never heard from again.
The documentary is entertaining, but does it play it fast and loose? I would draw attention to three things that deserve further thought. Not long after, Todd chimes in that this is impossible with how bitcoin transactions work. The increased fee has to come from somewhere, namely a decrease in the amount paid out, which changes the transaction. Todd’s message is short: “Of course, to be specific, the inputs and outputs can’t match *exactly* if the second transaction has a transaction fee.”
Enter Ethereum Bitcoin is maintained by an open group of volunteered computers where no one is in charge, and yet maintains high security. Ethereum gets only about two minutes of screentime, dominated by Buterin rapping about Ethereum on the mainstage of a conference and being ribbed for his hat’s safari flaps.
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