'There's still a lot of work to be done' — Satoshi Nakamoto sent the Bitcoin community a final message 11 years ago.
To this day, Satoshi Nakamoto is one of Bitcoin's biggest mysterious, as people have searched far and wide to uncover the creator’s identity. On December 12, 2010, a pseudonymous blockchain coder (or programmers) sent a last message to the crypto community, emphasising that "[denial-of-service] DoS is still a work in progress."
The Legacy of Satoshi Nakamoto: Introducing Bitcoin, Jumpstarting the Network, and Offering Sound Advice
Approximately 11 years ago on December 12, 2010, the inventor of Bitcoin walked away from the community and has never returned. Following Satoshi Nakamoto's departure from the community, there were a few alleged communications between Satoshi Nakamoto and the Bitcoin developers Mike Hearn and Gavin Andresen.
Satoshi first appeared 13 years ago, when the Bitcoin white paper was published on Halloween (October 31) in 2008. Satoshi spent approximately 772 days, or slightly over 2 years, communicating with members of the nascent crypto community in terms of days between.
So, what did Satoshi do for the next 772 days? Bitcoin's founder was the one who first announced the idea to the public, sending out roughly 16 emails about the peer-to-peer electronic cash paper. These initial emails were sent out to the metzdowd.com cryptography mailing group.
Satoshi's 17th email message was released on metzdowd.com exactly seven days after Satoshi Nakamoto launched the cryptocurrency network. The 17th email, titled "Bitcoin v0.1 launched," was sent out on January 8, 2009.
Strong evidence reveals that the network was started by a single entity, which is thought to be Satoshi Nakamoto. According to a mining simulation published last year, Satoshi probably mined 1.1 million bitcoins using a single high-end personal computer (PC) running the Windows operating system. If Satoshi is still alive and has access to this BTC, he is undoubtedly one of the wealthiest people on the globe. During the 772 days, Satoshi Nakamoto is thought to have mined between 750,000 and 1.1 million BTC.
During Satoshi Nakamoto's two-year tenure, he gave advise to community members and spoke with engineers frequently, in addition to introducing the Bitcoin white paper and the emails that followed. People have spent years piecing together Satoshi Nakamoto's remarks and suggestions to figure out what he really meant. "[Bitcoin] is highly enticing to the libertarian worldview if we can explain it properly," Nakamoto stated. "However, I'm better with code than with words." In addition, Bitcoin’s creator also said:
"The fundamental problem with conventional currency is the level of confidence required to make it work. The central bank must be trusted not to debase the currency, but fiat currencies have a long history of betraying that trust."
Releasing a Quick Build and Kicking the Hornets Nest
Satoshi also talked about technological notions like Bitdns, a hypothetical system that led to the invention of Namecoin and merged mining. When Wikileaks and Julian Assange opted to use bitcoin because their website was banned by a financial blockade, Nakamoto was still alive. When someone suggested that the Bitcoin community should "bring it on" with donations to Wikileaks, Nakamoto flatly refused.
"Don't say 'bring it on.'" The project must expand gradually so that the software can be improved along the way. I'm pleading with WikiLeaks not to attempt to use Bitcoin. Bitcoin has a small beta community that is still in its early stages. You wouldn't be satisfied with a pittance, and the heat you'd bring would almost certainly destroy us at this point," Nakamoto said.
Some speculate that Wikileaks' decision to adopt bitcoin in 2010 irritated Satoshi enough for him to quit. Nakamoto had grumbled about Wikileaks adopting BTC the day before Satoshi's final email on December 12th.
"It would have been lovely to gain this kind of attention in a different situation." The hornet's nest has been kicked, and the swarm is heading towards us," Satoshi stated at the time.
Satoshi's final communication to the community was delivered the next day. On December 12, the crypto creator sent a message that was all business, offering a rapid build and informing developers that there is still work to be done on denial-of-service (DoS) threats.
"There's still more work to be done on DoS, but I'm doing a rapid build of what I've got so far in case it's needed before moving on to more complicated ideas." That day, Satoshi explained, "The build for this is version 0.3.19." Satoshi continued, "
"– Some DoS controls have been added. The programme is not at all resistant to DoS attacks, as Gavin and I have stated repeatedly. This is a step forward, but there are still far more assault options than I can count. For the time being, I'm leaving the -limitfreerelay section as a switch, but it's there if you need it. - "Safe mode" alerts were removed. After the 0.3.9 overflow bug,'safe mode' notifications were implemented as a temporary remedy. We may state all we want that users can just run with "-disablesafemode," but for the sake of aesthetics, it's preferable to just not have it. It was never meant to be a permanent feature. Safe mode can still be activated if an invalid block chain is longer (with a higher total PoW)."
Following this message, Satoshi Nakamoto never sent another forum message to the general public or the bitcoin community. There have undoubtedly been claims made by people claiming to be Satoshi Nakamoto, as well as statements that followed the December 12 forum post on bitcointalk.org. However, nothing that has come after has been confirmed to be trustworthy, and no one has been able to claim they invented Bitcoin.
The December 12 forum post was Satoshi’s final message to the nascent crypto community and quite possibly, the inventor’s way of saying goodbye.