Satoshi Nakamoto May Have Considered a Bitcoin Kill Switch
With so little known about the person or group behind the mysterious pseudonym Satoshi Nakamoto, it’s difficult to imagine the motivation behind designing and developing the first-ever peer-to-peer electronic cash system with Bitcoin.
One goal was clear: create a decentralized cryptocurrency that cannot be controlled by governments. To do that, Nakamoto built in certain fail-safes into Bitcoin’s blueprint, including cryptography, decentralization, a proof of work consensus, a hard-capped supply and more. And according to speculation over what Satoshi meant in a quote being shared around social media could suggest that he or she was considering ways to render Bitcoin useless if it were stolen.
Was Satoshi Nakamoto Considering Ways To Render Bitcoin Useless if Stolen?
Ten years ago, following the wake of the 2008 economic crisis, Satoshi Nakamoto designed what is the closest thing to a perfect currency the world has ever seen. It’s deflationary, decentralized money, protected by cryptography and consensus, in order to prevent governments from ever seizing control over an individual’s funds. ..Read more..