• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
bitcoin satoshi nakamoto tether

New Satoshi Nakamoto Theory Points to Estonia

Christina Comben
by Christina Comben
6 years ago
·
Posted in Bitcoin, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

No one knows the true identity of Bitcoin creator, Satoshi Nakamoto, yet most of us picture a Japanese computer scientist. This new theory however, points towards Estonia as Satoshi’s possible place of residence.


The Latest Satoshi Theory

We all know how advanced the tiny eastern European nation of Estonia is when it comes to technology. But the fact that Estonia started experimenting with blockchain technology the same year it was invented in 2008 is hardly proof that Satoshi Nakamoto was living there at the time.

However, according to a thought-provoking Medium article, there’s some pretty compelling evidence to suggest that Estonia was actually his/her home. Moreover, his/her identity has been narrowed down to four potential people or collaboration.

Satoshi Nakamoto Is Mike Gault

According to Crunchbase, Mike Gault is the CEO and founder of Guardtime, an Estonian software company that he has led for 10 years. Guardtime, according to evidence uncovered by the author, has been working with blockchain since 2008 (the year it is known to have been discovered).

Satoshi Theory Guardtime

Here is where it gets more interesting. Gault started his career researching quantum devices in (wait for it) Japan. He then worked as a derivatives and quant trader in Tokyo. His Ph.D in electronic engineering came from the University of Wales.

All of the above would explain the Japanese connection, the exact timing, and the perfect English. Bitcoin’s creator, Nakamoto, always claimed to be a 37-year old Japanese male. However, using the occasional British spelling and not documenting his software in Japanese would suggest otherwise. 

Moreover, according to Wikipedia:

Nakamoto claimed that work on the writing of the code began in 2007. 

(Guardtime turned on its servers on 07/07/2007)

Do all these pieces add up?

Satoshi Nakamoto Is Joichi Ito

Joichi Ito was born in Japan. This again explains the Japanese connection. However, he lived in the United States and Canada until he was 14. After that, he returned to his native Japan and attended an American school. 

This would explain the perfect English, but not the Britishisms such as “bloody hard” found written in the source code comments. However, guess who Ito was firm friends with? Mike Gault. 

Ito was a key member and investor in Guardtime, the creator of the first ever Japanese website, and a well-known venture capitalist, early-stage investing in the likes of Twitter, Dopplr, Kickstarter, and many other internet companies. 

He’s also highly vocal on emergent democracy and the sharing economy, and the author of Emergent Democracy. 

Satoshi Nakamoto Is Märt Saarepera and Ahto Buldas

Saarepera and Buldas invented the hash calendar. They also jointly founded Guardtime in Estonia in 2006 (which contradicts the Mike Gault profile on Crunchbase).

On top of that, they jointly published a paper in 2007 that seems to outline blockchain almost perfectly. As Estonians, this does not explain the perfect English or the Japanese connection. This would seem to suggest that Satoshi Nakamoto is a collaboration between these four people or a company–Guardtime.

Of course, until someone other than Craig Wright comes out proclaiming to be the mysterious Bitcoin and blockchain inventor, this is all mere speculation. But it certainly seems plausible when you add up all the pieces. 

Moreover, when the Medium author Kimberly Forsythe reached out to all four men, Joichi Ito replied saying “ha!”… Not exactly confirmation but not a rejection either. And so the plot thickens.

What do you think of this new theory? Are you convinced? Let us know your thoughts in the comment section below!


Images courtesy of Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christina Comben

Christina Comben

Follow

Full Profile

Related Posts

Bitcoin

$6B In Bitcoin: Marathon Digital Treasury Now 2nd-Largest Among Public Firms

2 hours ago
Bitcoin

Bitcoin Miners Still Under Pressure In 2025 — How Long Can They Hold?

11 hours ago
Bitcoin

Analyst Says All Bitcoin Price Uptrend Are Duds Unless This Happens

22 hours ago
Bitcoin Buying Frenzy Ahead As Eric Trump Predicts ‘Floodgates Are Opening’

Bitcoin Buying Frenzy Ahead As Eric Trump Predicts ‘Floodgates Are Opening’

1 day ago
Bitcoin

Corporate Bitcoin Allocation Climbs As Companies Invest 22% Of Profits: Study

2 days ago
Bitcoin

Bitcoin Payments Now Accepted By Top UAE Developer For Real Estate

3 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • miner

    XRP price battles for key support levels, with holders...

    9 hours ago
  • miner

    Global Investors Tap BAY Miner App for BTC and XRP Monthly...

    10 hours ago
  • Cloud Mining

    From Holding to Profit: How XRP Earns $27,000 Daily from...

    13 hours ago
  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    1 day ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.