A bitcoiner claims to have discovered the “long-lost Satoshi Bitcoin code” with notes

The code for Satoshi’s Bitcoin was first uploaded in August 2009, according to crypto enthusiast Jim Blasko, who claims to have found “the official oldest known uploaded copy of Satoshi’s Bitcoin.” In a Facebook post on October 7, Blasko claimed to have discovered code on the open-source software development platform SourceForge, where Bitcoin was registered in November 2008, dating back to before Satoshi made the cryptocurrency public. He stated that it took the inventor of Bitcoin six months to mine one million coins because “others like Hal [Finney]” and others were also mining” and “block 20,000 wouldn’t come until July 22nd, 2009″.

The lost Bitcoin v0.1 raw data and files were discovered by Blasko using simple browser hacking. “This particular upload was assumed to have been lost for at least 10 years, but after researching some old coins I made, I went to [SourceForge],” said Blasko. Since 2012, it was believed that the files and raw code were lost because they had been extracted from the search engine. However, after doing some research, I was able to locate the original code. Blasko’s two SourceForge links claim that Satoshi’s notations include comments on why Bitcoin utilized base-58 “instead of normal base-64 encoding” and concerns about how to handle faults in the future.

Following Satoshi’s publication of the white paper for the cryptocurrency in 2008, the first Bitcoin block, known as the Genesis Block, was mined on January 3, 2009. Many people in the industry continue to speculate about Satoshi’s identity, and the pseudonymous inventor is honored with statues, papers, memes, and nonfungible tokens.

Satoshi Thought Bitcoin Could Replace Central Banking

Over the years, there have been several attempts to reinvent Satoshi as someone who was only motivated by the desire to undermine banking and payments, with the majority conjuring their interpretation of the news story inscribed in the first block of the Bitcoin blockchain. Even looking beyond what was specifically included in the code, some of Satoshi’s initial public communications dealt with problems with the issuance of money.

The core issue with conventional currency is all the trust needed to make it function, he stated on the P2P Foundation forum in February 2009. The central bank must be believed to prevent currency depreciation, but the history of fiat currencies is replete with examples of this trust being betrayed. Banks must be trusted with our money, yet they only keep a tiny fraction in reserve while lending it out in waves of credit bubbles.

After he “left” Bitcoin, Satoshi remained active behind the scenes.

It was previously known that Satoshi issued a farewell message to developers on April 26, 2011, and that he posted his final message on the Bitcoin forums in December 2010. Less was known about what transpired in between. This picture is now further developed, thanks to fresh emails supplied by Gavin Andresen, a developer who worked closely with Satoshi and took over the project in his absence.

The main disagreement between Satoshi and the other developers at the time concerned how to handle the media attention the project was at the time receiving, among other technical matters. Although I don’t believe this article brings us any closer to understanding why Satoshi left exactly when he did, I do believe that by the time of his departure, Bitcoin had already surpassed the requirement for a single leader.

Before departing, Satoshi removed his name from the Bitcoin software.

A further intriguing discovery was that Satoshi actually “quit” Bitcoin in writing, deleting his name from the copyright claim in the software and turning over control of the code to all “Bitcoin developers.” This is in line with how Satoshi is perceived by us—as someone whose meticulous devotion and command over personal operations security have enabled him to elude detection to this day. Even though the reasons for the action are still unknown, this final piece of information dispels any lingering questions regarding whether he had any intention of leaving.