KEY POINTS

  • Ethereum co-founder suggested using "stylometry" to uncover Satoshi Nakamoto's identity
  • Charles Hoskinson estimates that Nakamoto could be in his 50s or 60s right now
  • Hoskinson also thinks that he could be an academic rather than a professional engineer

With a market cap of $129 billion at its current price of $7,110, which leads all crypto assets, Bitcoin (BTC) hardly needs any intervention from its creator. When the genesis block was mined in 2009, BTC took off while amassing patrons who firmly believe in what it was created for.

Speculators who got to know of the technology followed soon after and are entirely responsible for how the crypto's price reached its apex in 2017. Bitcoin's success gave rise to a new market and is disrupting mainstream finance as we know it. Cryptocurrencies eventually evolved into something that satisfies not just mere hobbyists but is welcomed by countries like China and even the U.S.

The Fed, for one, has more incentive to develop a digital version of the U.S. dollar now since some raised concerns about the physical exchange of cash in the thick of coronavirus fears. Before its economy was in a standstill due to lockdowns, China was reported to be developing a digital Renminbi in a bid to overtake Facebook's Libra.

There is also the advent of decentralized finance due to Ethereum (ETH), the second-most popular crypto, and plenty of other technology that makes use of its version of blockchain. All of these transpired without any involvement from the person or persons that started it all, Satoshi Nakamoto. 

The real identity behind this pseudonym is still unknown to this day, but the crypto world buzzes whenever this name appears on headlines, hinting that there is still interest in knowing who Nakamoto really is.

Ethereum co-founder Charles Hoskinson believes there's a way to find out who the Bitcoin creator is and that's through "stylometry." Hoskinson told crypto news site U.Today that the same methods of analyzing styles that are distinct to an author, for example, will also be useful in determining who Nakamoto is.

"You can apply stylometric techniques to that code and apply it to all the open-source projects that have ever been written and there's a very high probability you're going to find a match between that code and other code," Hoskinson said.

Hoskinson estimates that Nakamoto could perhaps be in his 50s or 60s right now and was educated in the late '80s or early '90s. He also thinks that Nakamoto could be an academic rather than a professional engineer based on how the code for BTC was structured, which to Hoskinson would be a lot cleaner if done by a professional.

Still, Hoskinson offered no interest in doing the dirty work in uncovering Nakamoto's identity. "Bitcoin has operated just fine since 2012. It's been eight years now and we haven't had any issues. So why do we need to bring the founder back?" he said.

bitcoin For the cryptocurrency market, there are a number of ways to short crypto assets. Photo: Pixabay