{"id":12078,"date":"2026-05-03T08:42:09","date_gmt":"2026-05-03T03:12:09","guid":{"rendered":"https:\/\/banitoday.com\/adam-back-again-denies-he-is-satoshi-bitcoins-inventor\/"},"modified":"2026-05-03T08:42:09","modified_gmt":"2026-05-03T03:12:09","slug":"adam-back-again-denies-he-is-satoshi-bitcoins-inventor","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/adam-back-again-denies-he-is-satoshi-bitcoins-inventor\/","title":{"rendered":"Adam Back again denies he is Satoshi, Bitcoin\u2019s inventor"},"content":{"rendered":"


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Adam Back has spent weeks being asked yet again, by various people, whether he is the inventor of Bitcoin<\/a>. He is not, he says. He has been saying so for years and again since the New York Times suggested in early April, after dissecting writings from the early cypherpunk era, that Adam Back was the most credible candidate yet for Satoshi Nakamoto, the pseudonymous figure who released Bitcoin\u2019s design paper in 2008 and disappeared in 2011. A documentary released weeks later proposed two other candidates. Back has done what he usually does, which is to deny the attribution, explain why people keep making it, and return to work. \u201cIt\u2019s not me, for the record,\u201d he said in late April, in a polite tone. \u201cIt\u2019s very hard to prove a negative.\u201d\u2018Mystery around founder helped Bitcoin\u2019s growth\u2019<\/span>The repetition does not seem to bother him. The mystery has been useful, he says. A Bitcoin without a known founder is a Bitcoin without a single point of capture, without a chief executive to subpoena, a founding team to coerce, a charismatic figure whose departure could destabilise the network. That, he believes, is part of why the asset has reached the position it now occupies. \u201cIt helps Bitcoin be more understood as a digital commodity rather than shares in a startup,\u201d he told Bloomberg at the sidelines of the Bitcoin 2026 conference in Las Vegas. \u201cNobody has any particular strong influence.\u201dBack is British, the holder of a doctorate in computer science and the chief executive of Blockstream, one of the oldest and best-capitalised infrastructure companies in the Bitcoin ecosystem. He is also one of the few known people whose work demonstrably influenced Bitcoin\u2019s design. His 1997 paper on Hashcash \u2014 a proof-of-work algorithm intended to combat email spam \u2014 is cited in Satoshi\u2019s 2008 whitepaper. He was, by his own account, working on the problem of digital scarcity, more than a decade before Bitcoin\u2019s release.\u2018A sanguine transformation\u2019<\/span>The asset is now held in regulated exchange-traded funds by the world\u2019s largest asset managers, packaged up by Nasdaq-listed firms gobbling up supply and debated on Wall Street as a candidate to hedge institutional portfolios.His view of the transformation is sanguine, markedly so, given how far Bitcoin has travelled from the niche, ideological project he helped seed. The ETFs and corporate treasury vehicles that have accumulated hundreds of billions of dollars of Bitcoin are, Back said, \u201ceffectively custodians on behalf of other investors.\u201d Multiple custodians, regulatory oversight, the continued availability of self-custody for those who want it: the structure has, he says, \u201cconstraints and competitors\u201d that prevent any single entity from capturing the network. (Bloomberg)<\/div>\n


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Adam Back has spent weeks being asked yet again, by various people, whether he is the inventor of Bitcoin. He is not, he says. He has been saying so for years and again since the New York Times suggested in early April, after dissecting writings from the early cypherpunk era, that Adam Back was the […]<\/p>\n","protected":false},"author":1,"featured_media":12079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12078","post","type-post","status-publish","format-standard","has-post-thumbnail"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/12078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/comments?post=12078"}],"version-history":[{"count":0,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/12078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media\/12079"}],"wp:attachment":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media?parent=12078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/categories?post=12078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/tags?post=12078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}