The problems, scams, hackings or evidence of corruption described in the previous chapter are the tip of the iceberg of incidents that have taken place in the cryptocurrency business. If the invention of cryptocurrencies was the first financial revolution of our times, it looks like we need a second one to uproot bad projects, expose fake influencers and get rid of dishonest founders who develop new digital currencies just to scam investors.
Every revolution requires a strong, charismatic, honest leader who will lead people on a mass scale. So let us take a closer look at some of the most influential people in the cryptocurrency business and see if any of them is in the possession of what it takes to lead the Second Crypto Revolution.
Satoshi Nakamoto
The Bitcoin founder is also one of the cryptocurrency business’ most mysterious figures. It is most likely a pseudonym used by one person or a group of developers who are responsible for the development of the first cryptocurrency. Satoshi Nakamoto does not reveal his identity and gives very little information about himself, which is why he can be described as a ghost man.
By spreading an aura of mystery around himself, Nakamoto has contributed to the development of numerous conspiracy theories about himself which claim, among other things, that the founder of Bitcoin is a government organization. Some sources claim that Satoshi Nakamoto is a 37 year old Japanese man who is very smart and knows economics and cryptography well. The analysis of Bitcoin’s code by experts has shown that it was not written by a professional, so it is suspected that Nakamoto was a student while working on the cryptocurrency. Nakamoto used fluent English in emails or public posts including traces of American and British English, so either he was deliberately misleading the public or it is a group of individuals. The fact is that Nakamoto is responsible for developing the first Blockchain. Nakamoto has never revealed his identity but has commented on traditional and fractional reserve banking on more than one occasion.
Security researcher Dan Kaminsky said Nakamoto is a team of people or a genius. In contrast, Laszlo Hanyecz, who was corresponding with Nakamoto, felt that the code was too well designed for one person. Gavin Andresen, a developer working with Bitcoin, said about the founder: he was a brilliant coder, but he was weird.
Nakamoto owns between 750,000 and 1,100,000 Bitcoin, making him the owner of $73 billion in assets, making him the 15th richest person in the world (as at November 2021). Nakamoto’s activity stopped immediately after the implementation of Bitcoin. There is no traffic visible in his wallets and he does take floor in public discussions. One can conclude that he has either withdrawn from public life and professional activity or is dead. Thus, there is no indication that he is about to return and save the cryptocurrency world from the ailments plaguing it.
Read more in my book ‘Second Crypto Revolution: Build Generational Wealth With Richard Heart’s Crypto Ecosystem“.