Operation white elephant: Five reasons why Satoshi could have deserted Bitcoins to create Bitcoin Cash @BlockRush

While not yet confirmed, there is enough reason to believe that Satoshi Nakamoto is the mysterious person behind the creation and mining of Bitcoin Cash.

There is no definitive evidence to prove that Satoshi Nakamoto is the creator of Bitcoin Cash, however there is enough empirical evidence to suggest so.

With BitMain and Via BTC denying being the creators of Bitcoin Cash, coupled with the the fact that an anonymous miner was alone responsible for mining 75% of Bitcoin Cash and as well as some other developments, we can draft an agenda.

In this report, @BlockRush will try to put the bits together in this post. We may not know who Satoshi Nakamoto is, but we sure do know what he does and how he does it.

1. Bitcoin Cash's creator and chief miner is anonymous

Did you know that up till today no one knows for sure who used Via BTC's mining pools to mine the first Bitcoin Cash block? Even more surprising is that fact that anonymous miners were responsible for 97% of all Bitcoin Cash mining power!

Satoshi is the only one who has so far pulled off this trick of successfully mining Bitcoin anonymously and could the same person mining Bitcoin Cash. Again, remember that Satoshi has billions of dollars from his nearly 1 million Bitcoin reserves to fund this.

2. Satoshi said miners would mine the profitable chain

Satoshi is a capitalist and there is no doubt about that as he took million of the total 21 million Bitcoin in existence for himself.

In the Bitcoin whitepaper he declared that in the case of a split, miners would mine the longest chain - or the most profitable one.

Obviously the creators of Bitcoin Cash had this in mind which is why they made it more profitable to mine Bitcoin Cash than Bitcoins.

3. The last stand to preserve his legacy

As the saying goes;

if you want something done right, do it yourself.

Ever since Satoshi disappeared from the Bitcoin scene, his creation has fallen victim to the agenda of capitalists, miners and exchanges who may not share Satoshi's original vision for Bitcoin.

After seeing Bitcoin being manipulated, tweaked and customized to fit purposes he did not intend, and with SegWit going to forever change the very core nature of Bitcoins, Satoshi might have felt it is time to step in and preserve his legacy.

Feeling betrayed, Satoshi could have wanted to comeback and preserve the legacy of his creation by splitting away from Bitcoin to prevent SegWit.

4. Harmless desertion

This could suggest that who ever it was that created Bitcoin Cash had deep regards for Bitcoin. They did not want to destroy Bitcoin, they only wanted to preserve it in another way.

Satoshi would certainly not want to destroy Bitcoin which was his very own creation; hence could have decided to preserve it from SegWit by creating a fork which contained all the previous block of Bitcoin.

Isn't it interesting that Bitcoin Cash was designed to run-side-by-side with Bitcoins?

Again, isn't it interesting that for every Bitcoin there is its Bitcoin Cash clone which could be claimed for free?

Satoshi would not even need to convert his Bitcoins into Bitcoin Cash! He would keep his Bitcoin and still get the same amount of Bitcoin Cash without doing anything!

5. Bitcoin could have failed

The Bitcoin we know today is not the Bitcoin Satoshi created or dreamed it to be. Everything about Bitcoin has evolved and even Satoshi might not be impressed with it any more.

Consider these facts:

• Privacy: Bitcoin transactions are no more absolutely private as they can be tracked. Again almost all users use online wallets, exchanges and miners who comply with KYC and AML policies.
• Speed: As slow as Bitcoin already is, there has been reports that some Bitcoin transactions take days to confirm.
• Autonomy: We got the surprise of our lives today when we sent a Bitcoin transaction and was told by Bit Pay that the web wallet we were using had paid a low miner fee and that the transaction might not be confirmed. It was not the CIA or NSA that was censoring our transactions, it was the miners - very autonomous indeed.
• Fees: Honestly, Bitcoin fees are too high when compared to that of any other crypto-currency and even conventional system like Visa and Paypal. Transactions that pay higher miner fees are the ones that get processed as those with low fee do not even get processed. This is not what we were told when we first heard of Bitcoins; we were told that Bitcoin would be cheaper.
• Decentralization: over 60% of all Bitcoin mining power comes from the Communist nations of China while the democratic and capitalist Western nations cannot boast of powering even 50% of Bitcoins. How decentralized is that?

What do you think?

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