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Dogecoin Creator Insists Bitcoin’s Satoshi Nakamoto is Actually Hal Finney

Dogecoin Founder Billy Markus Clarifies Bitcoin Lineage, Asserts Peter Todd: Core Developer, Not Creator

Mark Valerius by Mark Valerius
October 10, 2024
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Key Points

  • Billy Markus, Dogecoin’s founder, suggests Hal Finney as a potential creator of Bitcoin.
  • Polymarket data indicates a prevailing belief that Satoshi Nakamoto’s identity will remain unproven in Q4.

The recent HBO documentary “Money Electric: The Bitcoin Mystery” has reignited the debate over the true identity of Bitcoin’s creator, Satoshi Nakamoto.

Bitcoin core developer, Peter Todd, was hinted as a potential candidate, but he firmly denied these claims.

Despite his denial, the debate continues with new speculations regarding the real identity of the person behind Bitcoin’s creation.

Dogecoin’s Founder’s Take on Satoshi’s Identity

In the midst of this ongoing debate, Billy Markus, the founder of Dogecoin, shared his thoughts on Nakamoto’s identity.

He dismissed the notion of Peter Todd being the creator of Bitcoin and suggested that Hal Finney could be the real Satoshi.

Markus, also known as Shibetoshi Nakamoto online, is one of the early figures in the cryptocurrency world.

He co-founded Dogecoin in 2013, utilizing Bitcoin’s codebase to create the popular meme coin.

Why Hal Finney?

Markus’s suggestion of Hal Finney as Bitcoin’s creator could be due to Finney’s significant contributions to cryptography and his early involvement with Bitcoin.

Finney was one of the first users of Bitcoin and received the first transaction of 10 Bitcoins from Nakamoto.

Despite his substantial involvement, Finney denied being Satoshi and even shared email exchanges and wallet details to debunk such claims.

His declining health due to ALS diagnosis in 2009 would have made it challenging to keep up with Bitcoin’s demanding development.

While some see similarities between Finney’s and Nakamoto’s writing, others point out distinct differences.

As the speculation continues, Polymarket data suggests that Nakamoto’s identity will likely remain unproven this quarter.

Meanwhile, Bitcoin’s price is experiencing a downtrend, trading at $61,181.41 after a 1.51% dip in the last 24 hours according to CoinMarketCap.

Tags: Bitcoin (BTC)

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