The title of Satoshi Nakamoto, Bitcoin’s pseudonymous creator(s), is in contention for the umpteenth time. This time around, a German entrepreneur and former DJ going by “Jörg Molt” has laid claim to the Nakamoto name, telling attendees to a crypto industry event that he is co-creator of Bitcoin and owns 250,000 coins.
The clout of Satoshi
Satoshi Nakamoto’s name carries a lot of clout. The pseudonymous coder (or coders), after all, created a decentralized network that was and still is revolutionary, acting as both an ultra-secure transaction settlement layer and as a form of scarce and non-sovereign digital money; Bitcoin solved the barriers that previous attempts at non-sovereign digital money failed to jump over. What’s more, estimates from industry research groups suggest that those behind the Nakamoto name own a stash of coins valued at well over $5 billion.
It should come as no surprise then that many have tried to claim ownership of the mystique of Nakamoto after the Bitcoin creator suddenly fell off the map, abdicating leadership of the then-nascent project to an early adopter.
The thing is, all of the claimants to the Satoshi Nakamoto name have failed to decisively prove that they are a co-creator or the creator of Bitcoin, providing often flimsy evidence and utilizing some form of mental gymnastics to try and convince the world of their legitimacy. By and large, these attempts haven’t worked.
But this hasn’t stopped people from trying their hand at becoming Satoshi.
Meet “Bitcoin co-founder” Jörg Molt
Last week, cryptocurrency industry members descended on Las Vegas for the so-called Vegas Blockchain Week.
In attendance were a cast of individuals—you had your Bitcoin maximalists, altcoin shills, blockchain entrepreneurs, cryptocurrency “influencers,” and the like—but also,