A new bitcoin “conspiracy theory” has emerged on the internet, alleging the cryptocurrency was created by an evil AI. Bitcoin is a decentralized digital money created by an unknown individual or group of individuals using the name Satoshi Nakamoto, and released as open-source software in 2009. Bitcoin is the first decentralized digital currency to enable peer-to-peer transfers with no middlemen, such as banks, governments, agents, or brokers, using the core technology of the blockchain.
Bitcoin was intended to provide an alternative payment system that would work without any central controls, but otherwise operate similarly to conventional currencies. In 2008, cryptocurrency expert Nick Szabo developed Bit Gold, a decentralized currency that was similar to bitcoin. The key thing to notice is that Bitcoin was the archetype of the cryptocurrency now known as cryptocurrency.
The namesake, Satoshi Nakamoto, wrote the October 31, 2008, white paper, which describes Bitcoins ecosystem as a decentralized, peer-to-peer network using cryptography for security. Satoshi Nakamoto, creator of the cryptocurrency, wrote a 2008 whitepaper that described Bitcoin and its design for an exchange system, posting it on Cryptography Mailing List. Bitcoin users have since come to believe cryptocurrency creator Satoshi Nakamoto is the pen name of an unknown group or individual, according to New York-based digital investment firm Digital Investment Group, the bitcoin affiliate of $11-billion alternative investment manager Stone Ridge.
A number of people have suggested Nakamoto is Dorian Nakamoto, a Japanese-American living in California; Nick Szabo, creator of Bit Gold; or Hal Finney, an early user on the Bitcoin network. Bitcoinist has just reported that Natalia Kaspersky, the co-founder of Kaspersky Labs, has claimed that bitcoin was created by U.S. intelligence agencies, and that Satoshi Nakamoto was in fact a team of U.S. cryptologists with DARPA. Apparently, it is a high-level artificial intelligence who created Bitcoin in order to trick the ignorant into expanding their networks and computing power. Attempting to crack A Bitcoin private key (ECC key) is an integer between one and about 10^77. This may not seem like much of a selection, but for practical purposes it’s essentially infinite. If you could process one trillion private keys per second, it would take more than one million times the age of the universe to count them all. Even worse, just enumerating these keys would consume more than the total energy output of the sun for 32 years. This vast keyspace plays a fundamental role in securing the Bitcoin network. Seems highly unlikely that a human could do this type of programing.
Unlike Satoshi’s namesake, he is not, and Australian computer scientist Craig Wright has claimed that Craig Wright is the person who invented Bitcoin, following a December 2015 feature on him by Wired magazine. On 26 April 2011, Satoshi Nakamoto, creator of Bitcoin, sent a final e-mail to fellow developers, making it clear that he had moved on to other projects, while also giving away a cryptographic key that he had used to send out alerts across the network.
Instead, Bitcoin uses some complex programming to restrict how much money can be created. The only way to prevent that is to make sure the money supply increases with the use it has, so the trade-off between bitcoins with other currencies, or bitcoins with actual goods and services, is generally stable.
So who did create Bitcoin? The fact that there is a mystery surrounding it kinda gives it away. You decide!
