Craig Wright Reveals Origin of Satoshi Nakamoto Name

The self-proclaimed Bitcoin (BTC) creator Craig Wright has shown a document what he claims that explains the origins of the Satoshi Nakamoto pseudonym.

23 December, 2019 | AtoZ Markets – In an interview published by the industrial press channel Modern Consensus on December 19, Wright showed a document. That document represents an article in the digital database of an academic journal JSTOR, dated January 5, 2008.

Craig Wright Claim Reveals Roots of Satoshi Nakamoto

The article is about Tominaga Nakamoto, who lived between 1715 and 1746 in Japan. The document also contains the following handwritten notes:

  • “Nakamoto is the Japanese Adam Smith.” 
  • “Honest Ledger + Micro Cash.” 
  • “Satoshi is Intelligent History.” 
  • “Not too hard.” 

According to Wright, he chose the name Nakamoto in honour of Tominaga Nakamoto. The handwritten note links him to Adam Smith, who is considered by many to be the father of modern economics. When asked if Nakamoto’s economic ideas were the reason he chose his name, he replied:

“In part, yes. He wrote about honest money and about the rational nature of things. The shogun (feudal leader) of the time was in the midst of a financial crisis, and economic austerity. I like his description, and I went into his brother, Tōka. Nakamoto was straight and calm, but impatient, and I thought, “It sounds like me.”

Regarding the first word in the pseudonym, Satoshi, Wright says it means “intelligent learning.” This, he explains, refers to one who has access to the knowledge conquered by his ancestors.

Satoshi Nakamoto has mined the original blocks of the Bitcoin blockchain. It is so-called Satoshi blocks and should, therefore, have a significant number of coins at his/her address.

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Craig Wright Spoke about Kleiman Case

Wright claims to be Satoshi Nakamoto in November. He also informed the complainant that he could not finance a settlement of 500,000 BTC ($ 3.7 billion) in the case that Kleiman’s estate had brought against him. Dave Kleiman was a cybersecurity expert. Many believe that he has been one of the first developers behind Bitcoin and blockchain technology. However, he died in April 2013.

David’s brother Ira Kleinman led Kleiman’s estate. It launched the case in February last year, accusing Wright of stealing hundreds of thousands of Bitcoins after the death of the developer.

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