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The Next Big Idea

BITCOIN: A 15-Year Quest to Unmask the Mysterious Inventor of Crypto

The Next Big Idea

Next Big Idea Club

Self-improvement, Arts, Books, Society & Culture, Education

4.51.3K Ratings

🗓️ 27 March 2025

⏱️ 57 minutes

🧾️ Download transcript

Summary

In 2008, a mysterious figure created Bitcoin — a digital currency without banks or borders that sparked a global financial movement. And then he disappeared without a trace. Who is Satoshi Nakamoto? Why did he vanish? And why hasn’t he touched his $100 billion fortune? Today on the show, we talk to journalist Ben Wallace about his search for answers. 📕 The Mysterious Mr. Nakamoto 📩 Want to transform your day in just 10 minutes? Sign up for our Book of the Day newsletter, and you’ll get daily, bite‑sized insights from the best new nonfiction books — in audio or text — straight from the authors. Sign up today!

Transcript

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0:00.0

LinkedIn Presents.

0:05.5

The first time journalist Ben Wallace heard the word Bitcoin was in the summer of 2011.

0:12.8

I got a call from an editor at Wired Magazine, which I had written for one time.

0:18.6

The editor was looking for someone to write about this newfangled digital currency.

0:23.6

But I was an unlikely person to call in that I was kind of a ludate former English major,

0:29.6

not a computer guy, didn't know how to code,

0:32.6

but it immediately got my attention.

0:35.6

Because it was totally new, a new kind of money. That doesn't

0:40.1

come along every day. The British pound is 1,200 years old, the dollar 230. And Bitcoin

0:48.6

wasn't just new. It was different. Unlike the pound or the dollar, it wasn't issued by a central bank.

0:57.0

Instead, Bitcoin relied on a network of volunteer computers spread all over the world.

1:04.0

Together, these computers maintained a public ledger, also known as the blockchain, to track every transaction.

1:12.2

Put another way, Bitcoin was independent and decentralized.

1:16.4

It was punk, countercultural, anarchist, libertarian.

1:20.9

It was unregulated and untested, risky and alluring.

1:27.5

And there was something else that got Ben's attention.

1:31.4

This invention that was already beginning to get some traction had an inventor and no one knew

1:36.1

who it was other than this pseudonym.

1:38.3

Satoshi Nakamoto.

1:40.8

Two and a half years earlier, on Halloween 2008, as children donned costumes,

1:47.4

Satoshi performed his own masquerade,

1:50.4

appearing out of nowhere on an obscure cryptography email list to outline his idea for Bitcoin.

...

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