A viral theory circulating on social media claims that Jack Dorsey, the former CEO of Twitter and Square (now Block), is the real Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
The theory, put forward by Sean Murray, editor-in-chief of deBanked, suggests that multiple pieces of evidence—ranging from Dorsey’s early interest in cryptography to suspiciously aligned timestamps—point toward him being the mastermind behind Bitcoin’s creation.
Key Highlights:
The Evidence: Does It Really Add Up?
1. Dorsey’s Background in Cryptography & Cypherpunk Culture
According to Sean Murray, Dorsey was highly engaged in cryptography during his college years. He reportedly:
- Took courses focused on cryptographic systems
- Subscribed to newsletters about cypherpunk culture
- Wore a t-shirt featuring the RSA encryption logo, linked to Adam Back, the founder of Hashcash (a precursor to Bitcoin)
This suggests that Dorsey had the technical knowledge required to create Bitcoin.
2. Timestamps Matching Bitcoin’s Development
Murray points out that Dorsey often worked late into the night, around 4 AM. The initial Bitcoin source documents also contain timestamps from this period, raising questions about a possible connection.
3. Early Writings About a Cashless Economy
Before Bitcoin’s launch, Dorsey allegedly discussed the idea of creating a system to exchange value without relying on cash. This closely mirrors Bitcoin’s core philosophy of decentralization and financial independence.
4. Mysterious ‘Sailor’ Reference in Bitcoin’s Code
Murray also noted that Dorsey often referred to himself as a sailor on Twitter. Interestingly, an early Bitcoin code contained the phrase:
“Never go to sea with two chronometers — take one or three.”
This nautical reference is seen as another potential link between Dorsey and Bitcoin’s development.
5. Key Bitcoin Events Align with Dorsey’s Family Birthdays
Adding to the mystery, Murray claims that:
- The first-ever Bitcoin transaction coincided with Dorsey’s mother’s birthday
- Satoshi Nakamoto joined the Bitcoin forum on Dorsey’s birthday
While these may be coincidences, they fuel speculation about Dorsey’s potential involvement.
Debunking the Theory: The BitMEX Research Response
While the theory gained traction online, BitMEX Research analysts quickly dismissed the claims. They argued that identifying Satoshi Nakamoto’s final mined Bitcoin block is nearly impossible, as the Patoshi pattern (a mining signature linked to Satoshi) gradually deteriorates over time.
Responding to Murray’s claim that Satoshi’s last mined block coincided with Dorsey’s father’s birthday, BitMEX researchers challenged:
“How do you know Satoshi’s last mined block, when the Patoshi pattern gradually degrades over time?”
Dorsey’s Busy Timeline: Another Contradiction?
Another factor challenging the theory is that Dorsey was deeply involved in building Twitter and Square (now Block) during Bitcoin’s early years.
- In 2011, Dorsey became Twitter’s Executive Chairman while also running Square.
- According to Murray, Satoshi Nakamoto sent his last message about a month later.
If Dorsey was indeed Satoshi, it would mean he was juggling two major tech businesses while secretly leading Bitcoin’s development—an extremely demanding feat.
Is Jack Dorsey Really Satoshi Nakamoto?
While Sean Murray presents an intriguing case, there is no concrete proof that Jack Dorsey is the creator of Bitcoin. Many of the so-called “clues” rely on coincidences and assumptions rather than verifiable evidence.
Dorsey himself has never claimed to be involved in Bitcoin’s creation, though he remains a strong advocate for cryptocurrency and decentralization.
As speculation about Satoshi Nakamoto’s identity continues, one thing remains certain: the true creator of Bitcoin remains one of the biggest mysteries in tech history.
Do you believe Jack Dorsey could be Satoshi Nakamoto? Share your thoughts in the comments!
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