Never-before-seen Satoshi Nakamoto emails add several details to Bitcoin’s origin lore


Private email correspondence between the pseudonymous Bitcoin creator Satoshi Nakamoto and an early contributor to the project, Martii Malmi, has shed further light on the origin story of the flagship crypto and its creator’s earliest thoughts about the future.

Another topic discussed by the two developers included the possibility of using Bitcoin time-stamping data. Later, Nakamoto’s own Genesis Block transaction famously included a financial headline.

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The emails also revealed discussions around Nakamoto’s decision to initially “hide the transaction fee setting” because he felt the ability to customize fees would confuse users. He predicted that adjustable fees would not be needed until the “far away future, if ever.”

Nakamoto’s prediction was partially correct — average Bitcoin transactions cost just cents before 2017, but the cost has risen significantly over the years, and transactions have regularly cost several dollars recently.

Emails could disprove Craig Wright’s claims

Critically, Malmi’s emails contradict some of the claims Wright has made over the years in his attempt to prove he is Nakamoto.

Wright said that Malmi first approached Nakamoto starting in February 2009. However, email records show that Malmi approached Nakamoto months later, in May 2009.

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Another contradiction pointed out by Malmi was Wright misspelling Malmi’s first name in court, which would be uncharacteristic of Nakamoto, who had known him very well.

Yet another contradiction comes from the fact that Wright misidentified Malmi’s nationality even though emails contained a Finnish email address ending in .fi — and, in one case, Malmi’s full street address, including his country.

Wright also claimed in an earlier case that Malmi created the dark net marketplace Silk Road. This supposedly led Wright (as Nakamoto) to leave Bitcoin publicly in 2010.

In his witness statement, Malmi called these allegations “ridiculous and false.” He noted that Ross Ulbricht was convicted years ago for creating and operating the illegal dark web operation.

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CryptoSlate previously covered email submissions between Nakamoto and Adam Back, which were filed as part of COPA’s broader efforts to disprove Wright’s claims in court.

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Author: Mike Dalton


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