The Satoshi Revolution, chapter 2, part 4

by Wendy McElroy

“On October 31, 2008, Satoshi Nakamoto published a White Paper entitled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ on the Cryptography Mailing List at It spelled out the reasoning behind bitcoin and the design of bitcoin’s instrument of implementation: the blockchain. The White Paper also solved a problem that had haunted cryptocurrency: double spending. Satoshi’s brief explanation is a defining document of our century. It is all the more remarkable, therefore, that no one seems to know Satoshi’s identity or even whether he is an individual or a team of programmers. Clearly, he coded from a love of the technology rather from than a desire for fame. Since the code was open source, unpatented and offered widely to all, acquiring wealth does not appear to be the driving goal either. By process of elimination, political motivation becomes more probable. But arriving at that conclusion requires an examination of the evidence and background surrounding Bitcoin.” (11/11/17)