PayPal co-founder and billionaire venture capitalist Peter Thiel believes he has an inkling of how to find Bitcoin (BTC) creator Satoshi Nakamoto, who disappeared two years after the original block of cryptocurrency was broken down in January 2009. E-Gold
His theory goes back to the first meeting of the founders of e-gold in February 2000, when about 200 people gathered on a beach in Anguilla to develop a strategy to promote a monetary system that can challenge central banks. E-gold is a digital gold coin that fell in price in 2007 after its founders were indicted by the U.S. Department of Justice.
“I met her on the beach in Anguilla in February 2000,” Thiel told a cryptocurrency conference in Miami on Wednesday, referring to the E-Gold founders. “My hypothesis about Satoshi’s identity is that Satoshi was on that beach in Anguilla.” He further stated:
“We are starting a revolution against the central banks on the beach in Anguilla. We will make PayPal interoperable with e-gold and blow up all central banks. “
The failure of e-gold may have given Satoshi the foresight to remain anonymous in building his successor. “Bitcoin is the answer to e-gold and Satoshi has learned that you have to be anonymous and not have a company,” said Thiel.
Related: Statue of Satoshi Nakamoto placed in Budapest
Not everyone believes that Nakamoto is behind previous crypto protocols. Dustin D. Trammell, one of the first cypherpunks to mine Bitcoin, says Cointelegraph Brazil in March that Nakamoto has no prejudice when it comes to implementing new technologies, which means they are approaching the project with a fresh perspective.
Nakamoto’s 2008 whitepaper spawned a trillion dollar crypto industry where tens of thousands of digital assets vied for a piece of the pie. Bitcoin is in the middle of a historic week, hitting a new all-time high of over $ 67,000 on Wednesday.