“Satoshi Nakamoto” Apparently Lost 980,000 Bitcoins to Hard Drive Failure

“Satoshi Nakamoto” Apparently Lost 980,000 Bitcoins to Hard Drive Failure

by August 20, 2019

One of the biggest veils of mystery surrounding the world of cryptocurrency is the identity of Satoshi Nakamoto the creator of Bitcoin. His/her (their?) whitepaper, of course, laid the foundation to an entire blockchain and cryptocurrency industry today.

Given the impact that the bitcoin whitepaper had on the world at large, it is unsurprising that there are individuals out there who sees the appeal in claiming to be Satoshi Nakamoto.

James Bilal Khalid Caan hailing from Pakistan, is the latest in the long list of people claiming to be the elusive Satoshi Nakamoto.

In his reveal, James Bilal claims that his father is the founder of the embattled Bank of Credit Commercial International (BCCI). He then shared that the lightbulb moment came to him when he looked at the BCCI name.

He was met with ridicule from Litecoin’s creator Charlie Lee who made the below tongue-in-cheek tweet.

The question surrounding the mind of many within the crypto space is that, if James Bilal Khalid Caan is indeed Satoshi Nakamoto, the simplest way to prove it is to sign a message from his genesis key instead of going through the pageantry of a 4-part reveal and hiring a PR agency.

That, apparently, is not possible, because 980,000 of his bitcoin vanished thanks to a hard drive failure.

I guess its unrealistic expect the “inventor of Bitcoin” to know things about Bitcoin.