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Mysterious Bitcoin Inventor Satoshi Nakamoto Predicted Debate About King Crypto’s Energy Use More Than A Decade Ago: Report

Published by
Benzinga

The enigmatic creator of Bitcoin, Satoshi Nakamoto, had anticipated the energy consumption controversy surrounding the cryptocurrency over a decade ago, as revealed in a 2009 email. What Happened: An email exchange unveiled by early Bitcoin (CRYPTO: BTC) developer Martii “Sirius” Malmi during a U.K. High Court trial shows that Nakamoto had foreseen the energy-intensive nature of cryptocurrency mining, albeit less than the traditional banking system, reported Wired. Bitcoin’s “proof of work” system, which is energy-demanding, is used to enhance security, validate transactions, and prevent doubl…

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