Why Does Lyn Alden Back Satoshi Nakamoto’s Identity Secrecy?
Macroeconomist Lyn Alden has articulated her stance on preserving the anonymity of Satoshi Nakamoto, the creator of Bitcoin, in a series of posts. “Bitcoin was built as an open source decentralized project to survive regardless of who the creator was,” Alden stated. Lyn Alden: Secrecy of Satoshi Nakamoto’s Identity Benefits Bitcoin In a series of posts on X (formerly Twitter), Alden emphasized that Nakamoto’s identity holds no significance in determining the ultimate success of Bitcoin (BTC). “Bitcoin was built as an open source decentralized project to survive regardless of who the creator was.” She further explained that it only adds to the legitimacy of Bitcoin’s core values. “The departure and the absence of the creator only made it *more* decentralized since it removed any sort of ultimate authority, and it iterated from there.” Sponsored Sponsored On the other hand, Alden stated that Nakamoto was “remarkable” for publishing the Bitcoin white paper before its launch and subsequently keeping it “on track for two years with upgrades.” Meanwhile, she appreciated his refusal to manipulate the market for personal gain and his skill in maintaining anonymity, which has evaded identification. Read more: Bitcoin Halving Cycles And Investment Strategies: What To Know Alden highlighted that the comparison of Bitcoin to a religion should not be seen in a negative light: “People often say Bitcoin is a religion, negatively. But really, parts of it are a religion, or at least a movement. If it gets just 27 million adherents, it’s arguably specific religion #6.” Alden Disregards Rumors About Nakamoto’s Identity She also indicates that the rumor circulating about Nakamoto’s alleged affiliation with the US National Security Agency may not be as accurate as commonly believed. “Even if Satoshi is the NSA, people should have evidenced it by now. A man can be killed, embarrassed, or shown to be weak. An idea lives on and becomes a legend or a god. It’s his material that matters.” However, a recent report has disclosed that ChatGPT has also made claims about knowing the true identity of Nakamoto. Supposedly, ChatGPT asserted that Nick Szabo is the most probable creator of Bitcoin. Meanwhile, the crypto industry persists in speculating about the identity of Bitcoin’s creator. Numerous recent reports have suggested the possibility of it being Elon Musk. In October 2022, BeInCrypto interviewed Sahil Gupta, suggesting Musk’s extensive software involvement makes him a possible contender. BeInCrypto reported on Oct. 18 about Nakamoto’s potential total net worth. At the time of publication, Bitcoin’s price is $30,488. Bitcoin price chart 1 Month. Source: BeInCrypto The report highlighted that, with Nakamoto holding a minimum of 1.1 million Bitcoin, his wealth could soar to $100 billion if Bitcoin achieves one of the industry’s numerous predicted prices of $100,000. Read more: What Is a Satoshi? Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.