According to old emails, Satoshi Nakamoto was already aware of the high energy consumption of Bitcoin mining.
According to old email conversations, Satoshi Nakamoto was already aware of the problems with high energy consumption of Proof-of-Work (PoW) technology and also identified several challenges regarding the future of Bitcoin.
Satoshi Nakamoto is the core developer and creator of Bitcoin (BTC), but no one in the world knows whether Satoshi Nakamoto is his real name or whether he created this fake name to communicate anonymously with the world.
As we know, Craig Wright is on trial in a lawsuit filed by the Crypto Open Patent Alliance (COPA) to determine whether he is actually Satoshi Nakamoto.
In this case, a series of email discussions have come to light in which Bitcoin creator Nakamoto can be seen discussing some of the challenges for Bitcoin’s future with early Bitcoin code creators.
In one of the email conversations, Nakamoto said that Proof of Work (PoW) is just a technology to protect the Bitcoin network from attacks and prevent double spending of funds on the network.
Additionally, Nakamoto has already predicted that Bitcoin mining operations will consume a very large amount of electrical energy, far greater than the amount of electricity and resources used by traditional banks and other financial services that waste energy providing junk mail credit cards. I made it clear that I would write it down. .
But while Bitcoin’s birth vision was simply to provide an independent financial network for the world, Nakamoto said it would be worse to declare Bitcoin an investment asset.
According to Nakamoto, soliciting Bitcoin investment contracts may attract the attention of regulators, but future adoption could show a clearer picture of Bitcoin’s potential benefits, in which case regulators would consider itself an investment asset. can.
At the time, Nakamoto called Bitcoin the best open source notary tool. He said that using some code could help prove the existence of “something” at a specific point in time using the Bitcoin network.
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