Research suggests that Satoshi Nakamoto launched Bitcoin in London

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The identity of the creator of Bitcoin remains the most intriguing mystery within the cryptocurrency space, with numerous speculations about who Satoshi Nakamoto is. The latest research on the subject claims that Nakamoto lived and worked at Bitcoin in London.

Researchers’ methodology

Although the cryptocurrency community has seen some claims about Nakamoto’s identity, such as Craig Wright insisting that he is the creator of Bitcoin, the true identity of this mysterious person (or group of people) is still speculation, at best.

A new study The Chain Bulletin delved into some of Nakamoto’s first public posts to try to find out something. These included 539 Bitcointalk publications, 169 on SourceForge commits, 34 emails and “other data available”.

This analyzed activity took place from October 31, 2008, when he announced Bitcoin for the first time on a crypto list, and ended on December 13, 2010. At that point, Nakamoto sent his last email.

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Using the available data, the researchers compiled scatter plots in different suspect time zones to see when Nakamoto was active. The most likely locations and time zones were the United Kingdom (GMT), US East (EST), US Pacific (PST), Japan (JST) and Australia (AEST). While the latter two were easily discarded, the first three sites required further examination.

Bitcoin created in London?

The most significant clue suggesting that Satoshi was indeed residing in London, and not in the other two possible locations, is his message left in the genesis block.

The Times article of January 3, 2009 (Bitcoin release date).

In the coinbase of the network’s first block contained the now famous headline from an article in The Times that was published on January 3, 2009 – the day the BTC network came into existence. The headline reads: “Chancellor on the brink of a second bailout for banks.”

According to the researchers, only the print edition of The Times distributed in England carried this title. THE online version too it had the chancellor’s name in the headline. In contrast, the American edition of the newspaper did not even publish the story.

Other data from the 2008 National Readers Survey shows that about 43% of The Times’ readers are located in London. This, “together with London being the largest financial center in the world, makes it highly likely that Satoshi lived in London between 2008 and 2010.”

However, the newspaper admitted that it is “impossible to say with absolute certainty where Satoshi lived when working with Bitcoin”. However, all available data suggest with “reasonable confidence” that he was in the capital of England – London.

Also read: Who is Satoshi Nakamoto? See some theories

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Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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