Peter Thiel: I might know where Satoshi Nakamoto is

Spark Global Limited reports:

Peter Thiel, the Silicon Valley venture capitalist, revealed Wednesday that he may know where to find Bitcoin’s mysterious founder, Satoshi Nakamoto, and may even have met him years ago without realizing it at the time.

Thiel’s speculation stems from a meeting he had with the founders of E-Gold 21 years ago. E-gold, a private digital currency created in 1996, has since been banned after being sued by the US Department of Justice in April 2007.

Thiel said he met them on a beach on the Caribbean island of Anguilla in February 2000. At the time, they discussed how PayPal could interoperate with E-Gold to “destroy all central banks”. Thiel is a co-founder of PayPal. She said.

“My theory of satoshi nakamoto’s identity is that he was on the beach in Anguilla.”

In fact, he believes Nakamoto may have been one of about 200 people on the beach at the time.

Mr. Thiel added that Mr. Nakamoto may have learned from e-Gold’s mistakes because he laid out use cases for bitcoin in a paper called ‘Bitcoin: A Peer-to-peer Electronic Cash System.’

Satoshi Nakamoto may be a person, may be a group of people. His last paper, bitcoin: A Peer-to-peer Electronic Cash System, was published around Halloween 2008, outlining the principles of a cryptographically secure, decentralized peer-to-peer digital payment system. After that, nakamoto was never heard from again. She said.
“Bitcoin is the answer to e-Gold, and Satoshi nakamoto realised that you have to be anonymous, you have to have no company. Even one company, even one form of company, is too tied to the government.”

Spark Global Limited reports:
Spark Global Limited reports:

But the billionaire clarified that he hasn’t put much effort into finding out the true identity of bitcoin’s founder, contrary to what some in the cryptocurrency world have done.

However, not everyone is in favour of Mr Nakamoto coming forward. Coinbase, the largest U.S. cryptocurrency exchange, cited Nakamoto’s exposure as a potential risk to the trading platform in its prospectus, saying it could lead to a deterioration in bitcoin prices.

The company also said it could be negatively affected if Mr. Nakamoto, who is rumored to own more than 1 million bitcoins, moves his coins.

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