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Satoshi Nakamoto Warned Against Bitcoin’s Energy Consumption: Report

Published 02/24/2024, 02:52 PM
Updated 02/24/2024, 03:15 PM
© Reuters.  Satoshi Nakamoto Warned Against Bitcoin’s Energy Consumption: Report
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  • Bitcoin’s pseudonymous creator, Satoshi Nakamoto, had previously warned against the cryptocurrency’s energy consumption.
  • The news came to light through a set of emails shared by Martii “Sirius” Malmi during Craig Wright’s trial.
  • Nakamoto was also concerned about labeling Bitcoin as an investment as it could attract legal scrutiny from authorities.

Recent reports suggested that Satoshi Nakamoto, the pseudonymous creator of the first cryptocurrency, Bitcoin, had earlier warned against Bitcoin’s energy consumption. The reports came to light through a set of emails recently shared by Martii “Sirius” Malmi, an earlier collaborator on the Bitcoin code.

The mysterious inventor of Bitcoin still remains a question. In 2016, the Australian entrepreneur Craig Wright identified himself as Satoshi Nakamoto, claiming that he is the real owner of Bitcoin. However, a group of crypto enthusiasts, including X co-founder Jack Dorsey, defied Wright’s arguments. The Crypto Open Patent Alliance (Copa), an organization in which Dorsey is a member, sought the court’s help to dismiss Wright’s ownership claims.

The post Satoshi Nakamoto Warned Against Bitcoin’s Energy Consumption: Report appeared first on Coin Edition.

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