A vision of a man is extremely difficult to describe from some pieces of paper written by himself. Not to mention that even him could not describe the whole vision because he does not know how the vision will evolve until the end.
This said, it is now the time to analyse the white paper of Satoshi Nakamoto and his later actions before his disappearance!
But before we start we need to establish a few questions that must be answered:
1) What is the true purpose of Satoshi Nakamoto's cryptocurrency and why is an innovation and not an invention?
2) How he wanted to achieve his goal?
3) Did he truly believe that his Cryptocurrency will "survive" without being banned by the financial institutions?
4) Why in later years he abandon the project?
5) Did he got involved in other cryptocurrency projects, with different pseudonyms?
1) Satoshi's cryptocurrency purpose was to give another solution to humanity by solving the 3rd party issue, where this 3rd party is/are the financial institution/s. This party that wants to get involved in a peer to peer transaction can reverse the digital currency transfer if some dispute intervene therefore the institution will increase even more transaction fees, with the loss of profit for one or both peer parties.
This also means that there is absolutely no privacy in transactions and the 3rd party must be trusted in delivering the money.
Now what is Satoshi's point of view and which are the implications of this reality? The Bitcoin network must be thrustless by encrypting an electronic algorithm to do all this process and without taking any peer sides when it comes to dispute.
All transactions are final and can never be reversed!
His vision is clear here, that the code is law, and we as human beings, would never be allowed to change it. The biggest concern appeared latter when all transactions are supposed to be recorded in a public ledger. This privacy vision it has an obvious flaw, the public ledger, which as long as it is public anyone can see your transactions. Well the transaction statement is not completely exact because you can only see some numbers and letters and definetelly not the real name of the two parties who executed a transaction, but you it can be easily traced, who was the seller and who was the buyer.
Was this an invention definitely not, he got inspiration from several authors that wrote pretty interesting white papers before him (he actually enumerate some of them in the reference section). Then he just combined all the good ideas into one and made the Bitcoin.
2) According to his paper, Satoshi wanted to use the CPU (Central Processing Unit) to do the algorithm, mostly because CPUs back then were relatively more powerful them GPUs (Graphic Processing Unit) and also because would be some how logically to utilise the "brain" of the computer. Great Vision I would say, but unfortunately people that hard-forked BTC did not understood the meaning of this vision, when they Created ASICs, which is:
Individuals must mine with their own computers to provide network stability and security!
He did not knew about the 51% attacks before creating the Genesis Block because his intentions were pure and honest and did not have evil ones by leaving such a huge "bug" in his newly established network. Actually at the beginning Bitcoin had several bugs that in collaboration with Wei Dai and Adam Back, Satoshi managed to rectify them.
3) Because he wanted to overthrown the absolute authority of the fiat financial system, he never thought that he will survive, either his Bitcoin or himself, by revealing his true identity like his predecessors did. Therefore he use the pseudonym Satoshi Nakamoto. One person actually shown his ID in later years that his is Dorian Nakamoto and the Satoshi name, was just a nick name. His claim was not totally credible, not sure why, maybe CIA knew him?
4) How can the claim of Bitcoin Satoshi Vision (BSV) that Nakamoto disappeared and abandoned the project proves that they are actual disciples of his new vision? This is absurd as it can get! There could be two possible solution for his project abandonment:
a) He was threaten by some institutions and/or individuals, therefore he had to disappear for couple of years.
b) He found out that it would be impossible for him to change the Bitcoin's code according to his true vision, without revealing his identity, therefore exposing himself to higher threats.
BSV developers made their coin's algorithm to actually be utilised by ASICs for mining, so... is this hypocrisy or what?
5) The possibility of working on a different project occurred to me after I stubble upon Monero (XMR) and later Bitcoin Z (BTCZ).
In Monero?s case the author of the white paper is Nicolas van Saberhagen, but it is suggested by some people to be a pseudonym, which indicates that the father of Monero could be Satoshi Nakamoto. This claim from my side, is highly speculative and maybe you should not put to must trust in this speculation, but the idea behind it is very intriguing.
In Bitcoin Z's case, the author is also unknown, you can read more about it in this white paper: https://getbtcz.com/btcz-analytical-description/ So does Satoshi worked on BTCZ's to make a completely new and redesigned algorithm with a block chain that preserve peers privacy? This idea is even more intriguing mostly because in BTCZ website's video it is actually recommended to mine XMR and BTCZ at same time with your computer!
So yeah you can figure it out yourself... I just answered a few questions and proved what exactly Satoshi's Vision was and how it has been changed over the years.
Next post it will be related to Monero, Ravencoin, Digibyte, Bitcoin Z, Horizen, Komodo and beyond.
