The Story Behind Satoshi Nakamoto’s Final Message Sent 13 Years Ago This Week (#175 - 27 April 2024)

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This past week saw the 13th anniversary of Bitcoin creator Satoshi Nakamoto’s final known message.

On April 23, 2011, Satoshi mentioned in one of his last emails that he had “moved on to other things.”

At the time, Bitcoin was still in its very early days.

In the summer of 2008, bitcoin.org was registered as a domain name. That fall, Satoshi’s groundbreaking whitepaper was released to the public.

And months later, the Bitcoin network emerged after Satoshi mined the first block.

Around the time this message was released, Bitcoin’s price was still hovering around $1.

The fact that we haven’t heard from Satoshi whilst all of this has been unfolding only deepens the mystery.

As far as the context of his final message is concerned, we still don’t even know what prompted it.

Some theorize that Satoshi’s parting words were a response to an article that appeared in PC World.

The article focused on WikiLeaks and its adoption of Bitcoin to navigate a financial blockade imposed by Bank of America, VISA, MasterCard, PayPal, and Western Union.

In response, Satoshi posted the following message on Bitcointalk:

?“It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”

Others believe it was linked to the fact that Gavin Andresen, one of Bitcoin’s early contributors, was about to attend an event hosted by an organization connected to the CIA.?

Satoshi wrote in response to that news:

“I wish you wouldn’t keep talking about me as a mysterious shadowy figure, the press just turns that into a pirate currency angle. Maybe instead make it about the open source project and give more credit to your dev contributors; it helps motivate them.”

Soon after, his final message would appear on Bitcointalk, warning of the risks of a DDoS attack.

Whether we ever hear from the enigmatic Satoshi again remains to be seen, but his name will certainly forever be remembered when it comes to the history of money.

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Henri Arslanian is the co-founder and managing partner of Nine Blocks Capital Management, an institutional-grade hedge fund focused exclusively on digital assets, with a market-neutral crypto fund focused on generating alpha from inefficiencies in crypto markets using relative value, arbitrage, and quantitative strategies.?

Henri was previously a partner and global crypto leader at PwC. In that role, he advised many of the world’s leading crypto exchanges, investors, financial institutions, and tech firms on their crypto initiatives and numerous governments, regulators, and central banks on crypto regulatory and policy matters.

With over 500,000 LinkedIn followers, Henri is a TEDx and global keynote speaker, a best-selling published author, and is regularly featured in global media, including Bloomberg, CNBC, CNN, BBC, The Wall Street Journal, The Economist, and the Financial Times.?

Henri was named by LinkedIn as one of the 2022 global Top Voices in Finance and is the host of the CryptoCapsules? social media video series as well as The Future of Money podcast and newsletter.