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Satoshi Has the Right to Hide. We Have the Right to Search for Him.
Tyler Cowen asks, “Do we really have the right to dig into Satoshi Nakamoto’s identity and background?” (Illustration by The Free Press)
A new investigation claims to unmask the creator of Bitcoin. It gives plausible hints—but no certainty.
By Tyler Cowen
04.13.26 — Tech and Business
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Do we have a right to know who Satoshi is? That is, the Satoshi Nakamoto who created Bitcoin in 2008 and mysteriously disappeared. He announced that he was leaving Bitcoin development in 2011, leaving no further trace except for two emails of uncertain authenticity that may have been sent in 2014 and 2015.

A New York Times investigation by John Carreyrou published last week is the latest effort to unmask Satoshi’s true identity. Based on evidence that ranges from an early interest in anonymous digital cash to hints in his writing style, the Times article concludes that Satoshi is British crypto CEO Adam Back. Two years ago, an HBO special, Money Electric: The Bitcoin Mystery, identified Satoshi as Canadian programmer Peter Todd, but as possibly working with Adam Back, giving the nod to Todd on the programming side. To be clear, Back denies the claims, as does Todd.

The identity of Satoshi isn’t just the greatest mystery of the crypto world, it’s one of the great mysteries of the world, period. So it’s no surprise that historians, journalists, crypto enthusiasts, and casual crypto watchers (I include myself in that latter category), are eager to know who Satoshi really is. In 2014, Newsweek identified him as an unemployed Japanese American programmer, in a scoop that quickly fell apart. Wired pinned him as Craig Wright, an Australian cryptographer, who turned out to be an imposter. There have been many other guesses over the years.

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Tyler Cowen
Tyler Cowen is Holbert L. Harris Professor of Economics at George Mason University and also Faculty Director of the Mercatus Center. He received his PhD in economics from Harvard University in 1987. His book The Great Stagnation: How America Ate the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better was a New York Times best-seller. He was named in an Economist poll as one of the most influential economists of the last decade and Bloomberg Businessweek dubbed him "America's Hottest Economist." Foreign Policy magazine named him as one of its "Top 100 Global Thinkers" of 2011. He co-writes a blog at www.MarginalRevolution.com, hosts a podcast Conversations with Tyler, and is co-founder of an online economics education project, MRU.org. He is also director of the philanthropic project Emergent Ventures.
Tags:
Cryptocurrency
Money
Business
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