Was Satoshi Nakamoto not the real creator of Bitcoin? New theories suggest it was former Twitter CEO Jack Dorsey
Former Twitter CEO Jack Dorsey is Bitcoin Creator Satoshi Nakamoto, suggests new theory
A theory regarding who created Bitcoin, is doing the rounds of social media and this time the suspect is former Twitter CEO Jack Dorsey. The theory was put forth by deBanked’s editor-in-chief, Sean Murray, who says that all the dates and facts line up with his claim. He claims that Dorsey is the real Satoshi Nakamoto, the pseudonymous name and creator behind Bitcoin.
Murray, in his post on X, laid out all the pointers, one of them being that when Dorsey was incollege, he was interested in cypherpunk culture. He wore a t-shirt with the RSA logo from Adam Back, the creator of Hashcash, got newsletters about cryptography, and took a university course that focused on it.
Murray further said that in 2003, Dorsey wrote an autobiography where he talked about hacking and working on cryptography late at night, around 4 am. Interestingly, the original Bitcoin code documents have timestamps from around the same time.
Murray says that Dorsey also wrote about stopping his reliance on the US dollar and creating a system to trade goods without money. He further added that Dorsey’s Twitter profile once stated that he was a sailor and interestingly, the original bitcoin code has a saying which goes, ‘Never go to sea with two chronometers — take one or three.’
Another thing that Murray picked up on was when Satoshi had accidentally logged into an IRC chat which revealed his location to be in California. This happened in 2009 and at that time, Dorsey was also in California.
Murray pointed out a few other interesting coincidences, like the first Bitcoin transaction occurred on Dorsey’s mother’s birthday. And another one being that Satoshi joined the Bitcoin forum on Dorsey’s birthday.
However, analysts from BitMEX Research disagreed with these claims. They said it’s hard to know exactly when Satoshi stopped mining because the “Patoshi pattern” has changed over time. Replying to the point where Murray says that Satoshi’s last mined block was on Dorsey’s dad’s birthday, BitMEX wrote, “How do you know Satoshi’s last mined block, when the patoshi pattern gradually degrades over time?”
Dorsey became the Executive Chairman of Twitter in 2011, while also being the CEO of Square. He often said he was very busy with both companies. About a month later, Satoshi sent his last message, according to Murray.
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Murray pointed out a few interesting coincidences, like the first Bitcoin transaction occurred on Dorsey’s mother’s birthday.
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Did Jack Dorsey Create Bitcoin? VanEck Analyst Details ‘Compelling’ Connections Between Tech Mogul and Satoshi
VanEck’s head of digital asset research says he holds a “strong belief” that Twitter founder Jack Dorsey is the pseudonymous creator of Bitcoin (BTC), Satoshi Nakamoto.
Clarifying that his opinion is not necessarily shared by VanEck itself, Sigel says the evidence linking Dorsey to Satoshi – which he says includes “uncanny” coincidences and patterns – is “compelling and worthy of further scrutiny.”
On the social media platform X, Sigel shares slides from a report titled “Jack Dorsey=Bitcoin” that goes over many different similarities and parallels between Satoshi, Dorsey and the creation of Bitcoin.
One of the coincidences Sigel notes was that during the months leading up to the release of the original Bitcoin Whitepaper, Dorsey was in Japan, and had posted a link to a cryptography manifesto website called “cr.yp.to.”
At the same time, Satoshi had emailed the creator of HashCash, Adam Back, from Satoshi@anonymousspeech.com to notify him that he would be cited in an upcoming paper. Days later, the Bitcoin.org domain which hosts the whitepaper, was registered by contact@anonymousspeech.com to 1-3-3 Sakura House, Nakano-ku, Tokyo.
Dorsey was also known to be an admirer of Adam Back – now the CEO of Bitcoin development firm Blockstream – since he was a teenager, and can be seen in his 1996 University of Missouri-Rolla yearbook wearing a shirt with a reference to Back’s code.
Says Sigel,
“Some have argued that publicizing this suspicion harms Bitcoin or its community. I strongly disagree. Even if Jack does still hold 5.2% of Bitcoin supply, the protocol’s decentralized design ensures it remains beyond any one individual’s control. Transparency about this hypothesis could reduce unnecessary speculation and address market fears surrounding Satoshi’s 1.1M BTC, particularly concerns that these holdings could destabilize the market if suddenly liquidated.
For instance, the theory that Satoshi is Paul Le Roux, who remains in prison but is eligible for release in 2032, has fueled worries about such scenarios. If Jack is indeed Satoshi, this is an opportunity for him to take steps to protect his safety, communicate succession and inheritance plans, and provide assurances that align with Bitcoin’s decentralized ethos. Clarity on these points might strengthen Bitcoin’s investment case by building long-term confidence in the system’s resilience…
If Satoshi is meant to remain unknown, scrutiny will reveal that as well. I understand this view may provoke strong reactions, but I believe it’s a conversation worth having.”
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