Satoshi Nakamoto Anticipated Bitcoin's Energy Debate, Reveals 2009 Email
The Bitcoin creator's foresight into the cryptocurrency's energy consumption emerges amid a legal battle over his identity.
- Satoshi Nakamoto, in a 2009 email, predicted the energy-intensive nature of Bitcoin mining, comparing it favorably to traditional banking.
- The revelation comes from a UK High Court trial aiming to determine if Craig Wright is the real Nakamoto.
- Bitcoin's 'proof of work' system, designed for security and transaction validation, is at the center of the energy use controversy.
- A 2021 report suggests Bitcoin consumes less energy than the banking and gold mining industries.
- The trial's outcome could significantly impact Bitcoin's future development and Nakamoto's legacy.