Satoshi Nakamoto is the alias used by a person or group who authored the Bitcoin whitepaper. Satoshi is the creator of the first release of the Bitcoin protocol and blockchain database. The alias was used in email and forum correspondence from August 2008 through April 2011.

History

Satoshi’s first appearance in the world was the publication of the Bitcoin whitepaper to several mailing lists on October 31, 2008. Beginning in 2007, Satoshi wrote the initial codebase for Bitcoin and released it on Sourceforge on January 9, 2009. On January 3, 2009, Satoshi created the ‘Genesis Block’ of Bitcoin containing the text, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” This text is in reference to the headline of the front page of “The Times” newspaper from England and Satoshi’s dissatisfaction with Fractional Reserve banking.

For two years, Satoshi was very active in creating and promoting Bitcoin, including:

From mining Bitcoin in the early days, addresses belonging to Satoshi have amassed approximately one million Bitcoins.

His last verifiable communication to the world was in April 2011, simply stating:

“I’ve moved on to other things. It’s in good hands with Gavin and everyone.”

Attributed Innovations

Both Bitcoin and the Blockchain Protocol have been attributed to Satoshi Nakamoto, as well as Predicative Script.

Possible Identities of Satoshi Nakamoto

There has not been any verifiable proof as to whom the individual really is. The following individuals have all been thought potential Satoshi Nakamotos at one time or another.

Dorian Nakamoto

A high profile article in Newsweek penned by Leah McGrath Goodman suggested that Dorian was Bitcoin’s creator. He is a Japanese American man with the birth name of Satoshi Namakoto. He was trained as a physicist at Cal Poly Pomona and worked on classified defense projects. He has also done work for Citibank. He was laid off twice in the 1990s and was libertarian. In an interview, he responded to a question by stating:

“I am no longer involved in that and I cannot discuss it. It’s been turned over to other people. They are in charge of it now. I no longer have any connection.”

Later, it was revealed that he had no connection to the cryptocurrency, and he misunderstood the question as relating to his work with Citibank and not Bitcoin. Within twelve hours of the article being released, Satoshi Nakamoto’s account on the P2P Foundation website was hacked and posted the message:

“I am not Dorian Nakamoto.”

This message was posted by the hacker due to the vulnerabilities in GMX’s email system.

>> The Most Common Misconceptions About Bitcoin: Breaking the Mold

Hal Finney

Hal lived a few blocks from Dorian Nakamoto. Between this and a writing analysis, Hal is the closest possible candidate for being Satoshi Nakamoto. However, there is one event that discredits Hal as being Satoshi. In January 2009, when Hal and Satoshi were working on the early versions of Bitcoin, Hal encountered an error and posted a debug log to the mailing list:

“Hi Satoshi – I tried running bitcoin.exe from the 0.1.0 package, and it crashed. I am running on an up to date version of XP, SP3. The debug.log output is attached. There was also a file db.log but it was empty.”

Satoshi acknowledges the bug and releases 0.1.2 with a fix:

“All the problems I’ve been finding are in the code that automatically finds and connects to other nodes, since I wasn’t able to test it in the wild until now.  There are many more ways for connections to get screwed up on the real Internet.”

In the early days of Bitcoin, Bitcoin sent and received transactions directly between clients using IP addresses. The debug log reveals the IP address of three users connected to the IRC channel. On January 10, 2009, there were only two people working on the project at that time. Hal and Satoshi.

Tracing the IPs reveals Hal’s IP address and an IP address out of Van Nuys, California on a DSL connection.

Nick Szabo

Skye Grey, a blogger, linked Nick to the Bitcoin whitepaper using some writing analysis. Nick is a decentralized currency advocate and published a paper on “bit gold.” This is where things get iffy, vis-a-vis Szabo being Satoshi. Based on correspondence between Hal and Satoshi, while Bitcoin was being created, Satoshi was unaware of Bit Gold. Between January 2009 and March 2009, the reference to Bit Gold was added to the Bitcoin.org website.

Craig Wright

On December 8, 2015, Wired magazine wrote that Craig:

“Either invented bitcoin, or is a brilliant hoaxer who very badly wants us to believe he did.”

Craig had established an elaborate scheme of website postings and email correspondences to create the appearance that he and David Kleiman were Satoshi Nakamoto. A very lengthy article written by Sam Biddle and Andy Cush for Gizmodo on December 8, 2015, unpacks Craig Wright’s assertions and business dealings leading to many more questions than answers.

In May of 2016, Craig Wright went on several interviews with the BBC, The Economist, and GQ and claimed to provide technical proof that he is Satoshi. Gavin Andresen originally stated that Craig Wright was Satoshi before retracting his claim.

Despite his assertions, the clearest proof that he is Satoshi has never been provided—none of the original wallets with Bitcoins mined by Satoshi have ever been moved in any way.

Featured image: DepositPhotos © info@crashmedia.fi

27.3 Million Share Buyback Expected to Add Significant Value to Shareholders

Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF), a company that has been at the forefront of every major financial publication after announcing a hostile takeover bid of Aphria in December, has recently announced a buyback of 27,300,000 common shares held by GA Opportunities Corp. The shares will be repurchased for an aggregate consideration of C$89 million.  Peter Horvath, CEO agreed on a ‘friendly resolution’ as he backed off the Aphria bid.

“We are pleased to be buying back 27,300,000 shares owned by GA Opportunities significantly below the market price and the expected sale of our toehold position of 3 million shares of Aphria, all of which will benefit our shareholders”

 The buyback also represents a significant reduction in outstanding shares and from a financial perspective, the buyback benefits investors by improving shareholder value, increasing share prices, and increase shareholder confidence^[1].

“We are bringing our offer to an end on good terms with Aphria and are excited to turn our focus to our CBD personal care and retail cannabis businesses. We are actively continuing to review other partnerships and M&A opportunities to accelerate the build-out of our company”, says Horvath.

BREAKING NEWS: Horizons ETFs Management (Canada) Inc. to launch Horizons US MJ Index ETF.  Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF) makes the list as one of its potential investments comprising of 3.85% of their portfolio.

Since going public in November 2018, Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF) has acquired a highly profitable dispensary in Las Vegas called The+Source, and profitably sells its products in both its own and third-party stores across multiple states. ^[2]

On December 5, 2018, the company was awarded seven new licenses to operate dispensaries in Nevada. In total, the company now has eight dispensary licenses in the state and has announced plans to acquire the sister location of The+Source Las Vegas, located in Henderson, Nevada.

Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF) retail dispensaries are not limited to Nevada.  The company has licenses to operate dispensaries and cultivation sites in Massachusetts and recently announced a definitive agreement to acquire one in Arizona, making it a true Multi-State Operator.

Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF) plans to open 400 sales locations by the end of 2019, with 300 kiosks in malls and the balance inside retail chains such as DSW Designer Shoe Warehouse stores throughout the US.  Right now, staff can open four to six kiosks per week, and about 100 locations should be open by the end of June.  Openings will begin in Kentucky, Indiana and Tennessee and will expand to 34 states.

With one test kiosk in DSW, the numbers were fantastic, hemp-based product sales were $65,000^[3].  “There’s so much opportunity in a topical product,” Horvath said. “That’s where our product development strength is; let’s stay there.”

“DSW is the number one full line adult footwear specialty retailer in North America,” said Peter Horvath, in the announcement^[4]. “They have revolutionized shopping for shoes and accessories, and we are thrilled they chose to partner with our company, allowing us to introduce a new product category to their customers.”

“The Agreement, and the deepening relationship with DSW, is the first step in our strategy to expand sales of personal care hemp-derived products through external partnerships, in mall-based hemp-derived product shops, and through a growing number of stores and online,” added Horvath.

Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF)  inked a deal with one of the largest mall operators in the US,  Simon Property Group Inc., for its Seventh Sense Botanical Therapy brand. The partnership will place them in 108 prime locations across the country.  Peter Horvath, CEO says he’s not worried about the struggles of malls, and we’re talking about going into the 200 or 300 best.”

“There’s only 1,000 good malls, and we’re talking about going into the 200 or 300 best”

GGB Beats Apple and Tiffany on One Key Metric

The success of, The +Source, demonstrates Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF)’s  strong retail acumen. The productivity of the dispensary based on forward-looking annualized revenue is approximately $20,185 per square foot—compared to an industry average of less than $2,358 per square foot. The Nevada dispensary generated $3.1 million in the last quarter of 2018.  From strictly a revenue-per-square-foot statistic, Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF) is in a league of its own.

As the pot and hemp-derived product sectors grow through retail markets and product innovations, it’s worth looking at some comparable metrics in the retail space—in particular, their revenue-per-square-feet of retail space. Keeping this factor in mind, here are some companies that could be seen as comparable to Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF).

* Planet 13, Apple and Tiffany figures have been converted to CAD using an exchange rate of 1.33

** Last price based on April 15, 2019