Report Claims Dorsey Is Bitcoin’s Mysterious Satoshi

Key Takeaways:

• A new report directly links Jack Dorsey to Satoshi Nakamoto's identity
• The investigation connects specific dates and events in Bitcoin's history to Dorsey's life
• Crypto experts challenge the evidence as circumstantial and inconclusive

Seán Murray made a bold claim on February 15. The president of deBanked believes Jack Dorsey created Bitcoin. Murray leads the financial news website as chief editor. His conclusion is based on a carefully compiled list of facts, dates, and historical details connecting Dorsey to Bitcoin’s early days.

Investigation Finds Bitcoin’s First Transaction Coincided with Jack Dorsey’s Mother’s Birthday

According to a detailed X post by Seán Murray, Bitcoin’s first-ever transaction took place on January 11, 2009, the same day as Jack Dorsey’s mother’s birthday. In another coincidence, Satoshi Nakamoto joined the Bitcoin forum on November 19, 2009, which happens to be Dorsey’s birthday. 

Even more curiously, Satoshi Nakamoto's last mined Bitcoin block occurred on May 3, 2010, the birthday of Dorsey’s father.

WHY JACK DORSEY IS SATOSHI NAKAMOTO

Jack Dorsey was:

1 of ~1,300 confirmed cypherpunks in 1996 (his UMR email)

Wore an Adam Back t-shirt in the UMR yearbook

UMR students were called Miners

Was a CompSci & Math major with an interest in crypto

Member of ACM in 1997 to at…

— Seán Murray (@financeguy74) February 15, 2025

Murray's evidence also suggested that Dorsey had shown cypherpunk tendencies as far back as 1996 while studying computer science. 

He was spotted wearing a shirt featuring Adam Back’s RSA encryption work. In 2001, he wrote a manifesto about making an impact without leaving a trace, an idea central to Bitcoin’s pseudonymous origins. 

Other details add to the growing speculation. Murray points out that Satoshi once emailed Hal Finney about vanity Bitcoin addresses, showing him a second one that began with “NS.” 

Hal Finney was a renowned cryptographer, early Bitcoin contributor, and the first person to receive a Bitcoin transaction from Satoshi Nakamoto.

Coincidentally, Dorsey later sent Bitcoin to four addresses after Finney, one of which contained “jD2m” in the middle. This string, Murray suggests, could stand for “Jack Dorsey 2 Mint,” referring to Dorsey’s former residence at 2 Mint Plaza in San Francisco.

Murray also highlights the timestamps on Bitcoin’s original source code, all set to exactly 4 AM. While the timezone is unknown, he claims that Dorsey had once displayed “4 AM” in his Twitter bio, hinting at a possible connection. 

The investigation further notes that in 2014, Satoshi’s GMX email was hacked. The hacker allegedly tried to extort Satoshi by revealing knowledge of his connection to St. Louis, Missouri, Dorsey’s birthplace and hometown. 

Over the years, Dorsey’s public appearances and statements have also added to the mystery. 

In February 2022, he wore a Satoshi-themed shirt during an interview with Michael Saylor and later at the Super Bowl. 

More recently, at a conference on October 27, 2023, Dorsey stated that Bitcoin and Satoshi’s vision in 2009 embodied his childhood, curiosity, and aspirations, further raising eyebrows.

My source material (not exhaustive) for Jack being a cypherpunk and wearing an Adam Back t-shirt: https://t.co/Cxym8XhGtM

I'll get to the rest.

— Seán Murray (@financeguy74) February 17, 2025

Murray linked supporting documents in his X post, claiming that ten of the fifteen chapters contain supporting evidence linking Dorsey to Bitcoin’s creation. 

The Mystery of Satoshi Nakamoto’s Identity Intensifies

The search for Satoshi Nakamoto has sparked fresh debate. BitMEX Research questioned Murray’s claim linking Satoshi’s last mined block to Jack Dorsey’s father’s birthday, arguing that the “Patoshi pattern” degrades over time, making it hard to verify. 

The Patoshi pattern is a distinct mining pattern observed in Bitcoin’s early blocks. It is believed to indicate coins mined by Satoshi Nakamoto using a unique algorithm to secure the network.

> Satoshi's last mined block was on Jack's dad's birthday (5/3/10)

How do you know Satoshi's last mined block, when the patoshi pattern gradually degrades over time?

— BitMEX Research (@BitMEXResearch) February 16, 2025

Beyond this latest theory, the search for Satoshi Nakamoto’s true identity has a long history. 

In October 2024, HBO released a documentary titled Money Electric: The Bitcoin Mystery. The documentary suggested that former Bitcoin developer Peter Todd could be Satoshi Nakamoto. Todd, who has been involved in Bitcoin’s development for years, denied the claim both before and after the documentary aired. 

While the film presented circumstantial evidence, it failed to provide definitive proof.

False claims about Satoshi’s identity are also common. One of the most infamous cases involves Craig Wright, an Australian computer scientist who has repeatedly claimed to be Bitcoin’s creator. 

However, his assertions have been widely debunked. Bitcoin developers and legal authorities have discredited his claims, and in a recent ruling, a court handed him a one-year suspended sentence for contempt. 

Without direct confirmation or irrefutable proof, Satoshi Nakamoto's identity is set to remain one of the greatest mysteries in the world of technology and finance.