It should be noted that Satoshi Nakamoto really did a good job on his privacy. However, the blockchain community still doesn't know if there was a single person or a group of developers behind the pseudonym.


Nevertheless, some information about the creator of the first cryptocurrency has been revealed. For example, at the end of 2020 journalists of news platform The Chain Bulletin came to conclusion that Satoshi Nakamoto could have been in London at the time of BTC launch and was a British citizen at the same time. This theory is supported by the developer’s frequent publications in this time zone, as well as a headline in The Times newspaper, a headline from which was embedded in the first block of the cryptocurrency’s network.

The Times article whose headline appeared in the first block of Bitcoin

Of the more precise data, one may recall a version of Satoshi’s desire to call Bitcoin by a different name. The information came to light after examining data on the AnonymousSpeech platform, which allows anonymous registration of new Internet domain names. The day before Bitcoin.org was registered, someone also registered the domain Netcoin.org.

Accordingly, a different name for the first cryptocurrency is quite likely.

What’s wrong with the Bitcoin logo?

The Bitcoin logo as we know it today is not Nakamoto’s brainchild. It was created a year and a half after the blockchain’s launch. That said, several inaccuracies have now been spotted in the logo design, which only highlights the fact that the cryptocurrency was literally created by the hands of enthusiasts – and there’s a beauty in that too.

So, on November 12, 2010 user nicknamed bitboy created a thread at bitcointalk.org forum. In the thread, he shared his thoughts on what Bitcoin’s style should be. Many people liked the amateur initiative and bitboy’s proposed logo was accepted and eventually became recognizable around the world.

Bitcoin logos

Here is a relevant post by user bitboy on Bitcointalk forum dated 1 November 2010.

Bitboy user bitboy publication with proposed logo for Bitcoin

Now user under the nickname Bosch has posted an interesting fact on Twitter – you can see a thin orange line on the white background of the logo when you zoom in strongly. It is likely preserved in many Bitcoin logos and was left by bitboy himself either as a mistake or as a deliberate “Easterling”.

The stripe on the Bitcoin logo

According to Cointelegraph sources, some time later another username under the nickname skyler_fs found a second inaccuracy – the incorrect rounding of one corner of the logo. Here’s the thing.

Incorrect rounding of the corner.

Naturally, the details found in Bitcoin’s logo won’t affect the cryptocurrency’s performance or prospects in any way – it still remains almost the best form of money. Moreover, the BTC community is now slowly discovering new uses for the network. Particularly popular the day before was NFT, which in the case of the first cryptocurrency is implemented somewhat differently.

Here, unique tokens are essentially tied to individual satoshi, that is, the smallest indivisible bitcoins equal to 0.00000001 BTC. The popularity of the new trend has also led to criticism that such activity is loading up the blockchain and increasing transaction fees.

Against the backdrop of what happened over the weekend, Bitcoin’s block size set a new record, reaching the 2 megabyte mark.

Bitcoin block size record

The inaccuracy of the logo shows that the cryptocurrency was created by amateurs, many of whom were driven by enthusiasm and a desire to contribute to BTC. They worked on the Bitcoin ecosystem solely out of their own motivation, with no intention of turning it into a commercial project. Hence the various inaccuracies that can go unnoticed for years. Perhaps this adds to Bitcoin's distinctive vibe of cipherpunks and early crypto enthusiasts.