- 3AC co-founder Su Zhu has urged the community to avoid finding Satoshi Nakamoto.
- Programmer Craig Wright has been unable to prove his connection to the bitcoin creator.
- In early correspondence, Nakamoto warned that bitcoin could become a significant energy consumer.
Co-founder of bankrupt hedge fund Three Arrows Capital (3AC) Su Zhu said the community needs to temporarily stop looking for Satoshi Nakamoto:
I think the doxxing of satoshi should be avoided
If you have info i encourage you to time capsule it thirty years
Kind regards
- 朱溯 🐂 (@zhusu) February 24, 2024
“If you have information about Satoshi Nakamoto, I advise you to time capsule it for thirty years,” said Su Zhu.
Recall, in February, there was a regular court hearing on the lawsuit Crypto Open Patent Alliance (COPA) against programmer Craig Wright. The latter claims that he sent bitcoins on behalf of Satoshi Nakamoto. In turn, COPA asked the court to grant an injunction to stop the programmer from considering himself the creator of bitcoin.
Wright’s position in this process is rather weak. He was unable to explain the discrepancies and gaps in the evidence provided. Some of them, such as the ninja suit, are not relevant at all.
Recall, Satoshi Nakamoto’s last public message was dated December 12, 2010. However, after that, the developer, or a group of them, was still in correspondence with some colleagues.
In one of the emails published by developer Marty Malmy, Nakamoto warned that bitcoin could become a significant energy consumer.
My email correspondence with Satoshi in 2009-2011: https://t.co/jyoX8gXckp
- Martti Malmi (@marttimalmi) February 23, 2024
Despite this, the mining and continued use of bitcoin will still use less energy than the activities of banks and other financial organizations, the correspondence said:
“The cost will be orders of magnitude less than the billions in bank fees that pay for all those brick buildings, skyscrapers and junk mail offered by credit cards.”
Nakamoto also expressed concern that using bitcoin as an investment could raise a number of questions from authorities. In November 2023, US Securities and Exchange Commission (SEC) Chairman Gary Gensler said that the asset has nothing to do with securities. However, he never clarified whether bitcoin is a commodity.
