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Unresolved

Satoshi Nakamoto

Unresolved

Unresolved Productions

True Crime, Society & Culture, History

4.52.6K Ratings

🗓️ 12 August 2018

⏱️ 75 minutes

🧾️ Download transcript

Summary

On November 1st, 2008, a 9-page whitepaper found its way online. Titled "Bitcoin: A Peer-To-Peer Electronic Cash System," the whitepaper's author clearly articulated their goal to create a decentralized digital currency.

The only catch was: this author, named "Satoshi Nakamoto," was a complete unknown. Whoever they were, they had registered a domain for "bitcoin.org" in August of that year, and the publication of this whitepaper predated the official launch of Bitcoin by a mere two months.

In the decade since, Bitcoin has grown to be the world's leading cryptocurrency. However, its founder remains a complete enigma, despite becoming one of the wealthiest individuals in the entire world...



Written, hosted, and produced by Micheal Whelan

Special thanks to the host of the podcast Swindled for their participation

Learn more about this podcast at unresolved.me

If you would like to support this podcast and others, consider heading to patreon.com/unresolvedpod to become a Patron



Music Credits

Vitus Von Degen - "Black Gloves"

ROZKOL - "To the Water's Edge"

Chris Zabriskie - "Air Hockey Saloon"

ROZKOL - "Happiness, Free, For Everyone, and Let No One Be Forgotten"

Chris Zabriskie - "Oxygen Garden"

Graham Bole - "Nae Shaam"

Artem Bemba - "Respiratory Waves"

BOPD - "New England is Interesting"

ROZKOL - "Cold Breath in the Alleyway"

Blear Moon - "Cold Summer Landscape"

ROZKOL - "Turn the Whole World to Rust"

Ailsa Traves - "Unresolved Mysteries"

Transcript

Click on a timestamp to play from that location

0:00.0

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly

0:11.3

from one party to another without going through a financial institution.

0:17.0

Digital signatures provide part of the solution, but the main benefits are lost if a trusted

0:21.8

third party is still required to prevent double-spending.

0:26.4

We propose a solution to the double-spending problem using a peer-to-peer network.

0:32.6

What you just heard are the opening lines of a nine-page white paper published in November

0:38.2

of 2008.

0:40.0

This white paper was written by an unknown individual named Satoshi Nakamoto, who emerged

0:46.2

onto the world stage with this proposal.

0:49.6

The title of the report was Bitcoin, a peer-to-peer electronic cash system, and it was a

0:56.1

thorough approach to a very divisive pop-back.

0:59.4

You see, this was the first time that the word Bitcoin would enter the public vernacular.

1:05.0

It was also a well-documented proposal full of sources for its grandiose claims.

1:10.7

And contained a comprehensive plan to do what many believed was the impossible.

1:15.8

For years.

1:17.2

Decades even.

1:18.4

Cipherpunk enthusiast and libertarian-minded programmers had been yearning for a digital-based currency.

1:25.5

Work-docurrency, if you will.

1:27.8

And there had been repeated attempts to fill this niche, such as B-Money, Hash Cash, and

1:33.7

BitGold.

1:34.7

However, unfortunately, all of these reached a dead end in their pursuit of a decentralized

1:40.9

banking system.

...

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