Satoshi Nakamoto Net Worth is$400 Million
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Satoshi Nakamoto net worth: Satoshi Nakamoto is a Japanese-American computer software developer and Bitcoin entrepreneur who has a net worth of $400 million. Satoshi Nakamoto is probably most famous for being the illusive creator of the digital currency Bitcoin. He was born Beppu, Japan in July 1949 into a very poor family. His father was a Buddhist priest. After his parents divorced, Satoshi moved to California in 1959 with his mother. After graduating from college, Satoshi worked for a variety of defense department companies as a technology contractor. He has been married twice and has six children. It is believed that Satoshi's drive to create a digital currency was spawned after he was laid off from two jobs in the late 90s and lost his home to foreclosure. He began working on the original source code for Bitcoin sometime in the early to mid 2000s. Bitcoin was officially launched as an open source software digital currency in 2009. For the next two years, the price of a single Bitcoin never rose above 30 cents, but by the end of 2011 it had topped $32 then dropped back down to $2. Between 2012 and 2013, as more and more people around the world began to praise Bitcoin as the world's foremost crypto-currency, the price peaked at $266 in April of 2013 and then came back down to $50. Since then, the price of a single Bitcoin has topped $1000. Today the value of all the Bitcoins in circulation is estimated to be over $8 billion. It is believed that Satoshi Nakamoto controls $400 million worth of Bitcoins but has so far been unable to sell any due to fear of having his true identity revealed. On March 6, 2014, a reporter from Newsweek successfully tracked down Satoshi in Temple City, California, just east of Los Angeles. Satoshi apparently lives in a modest home and drives a modest Toyota Corolla CE, despite allegedly being worth $400 million. It is unclear yet whether or not he will now feel more free to cash in his fortune.
Satoshi Nakamoto (katakana: ??u????????>>?????<Nakamoto continued to contribute to his Bitcoin software release with other developers until contact with his team and the community gradually began to fade in mid-2010. Near this time, he handed over control of the source code repository and alert key functions of the software to Gavin Andresen. Also around this same time, he handed over control of the domain and several other domains to various prominent members of the Bitcoin community.
Nakamoto is believed to be in possession of roughly one million bitcoins. At one point in December 2013, this was the equivalent of US$1.1 billion.
The name has been widely assumed to be a pseudonym.

On his P2P Foundation profile, Nakamoto claimed to be an individual male at the age of 37 and of Japanese origin, which was met with great skepticism due to his use of English and his Bitcoin software not being documented nor labelled in Japanese.
The first release of his original Bitcoin software is speculated to be of a collaborative effort, leading some to claim that Satoshi Nakamoto was a collective pseudonym for a group of people.
Occasional British English spelling and terminology (such as the phrase "bloody hard") in both source code comments and forum postings work led to speculation that Nakamoto, or at least one individual in the consortium claiming to be him, was of Commonwealth origin.
Stefan Thomas, a Swiss coder and active community member, graphed the time stamps for each of Nakamoto's bitcoin

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Posted: October 27, 2016, 4:29 am

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Posted: October 15, 2016, 12:28 am
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