Wright, in an interview given to media news outlet Modern Consensus, showed a document that depicts a record, dated January 5, 2008, from electronic database of academic journals JSTOR. The document refers to an individual named Tominaga Nakamoto, who lived between 1715 and 1746 in Japan.
The document also included the below mentioned handwritten remarks:
“Nakamoto is the Japanese Adam Smith. Honest Ledger + Micro Cash. Satoshi is Intelligent History. Not too hard.”
As per Wright, he selected the name Nakamoto as a token of respect to Tominaga Nakamoto. The handwritten remarks liken him to Adam Smith, who is respected as the father of modern economics by many. When queried whether economic plan of Nakamoto encouraged him to opt for his name, Wright said:
“In part, yes. He wrote about money and honest money and the rational nature of things. The shogun [feudal ruler] at the time was in financial crisis, and economic austerity. […] I like the description of him, and I got into his brother, Tōka. ‘Nakamoto was upright and quiet but impatient in character’ and I thought: ‘That sounds like me.’”
Regarding the first part of the pseudonym i.e. Satoshi, Wright stated that it implies “intelligent learning.” He elaborated that the word points to the one who has gained the knowledge of his ancestors.
Despite claiming to be the creator of Bitcoin, last month, Satoshi Nakamoto replied to the plaintiff that he is not in a position to pay the 500,000 BTC ($3.70 billion) settlements in the case filed by Kleiman estate. Dave Kleiman, a cyber-security expert, is still believed to be person behind the development of Bitcoin and blockchain technology. Kleiman died in April 2013.
David’s brother Ira Kleinman, who heads the Kleiman’s estate, filed the case in February 2018, blaming Wright of swindling thousands of Bitcoins, worth more than $5 billion, after the expiry of the developer.
Satoshi Nakamoto was the one who mined the initial blocks on Bitcoin blockchain and it is popularly referred to as Satoshi blocks. Therefore, experts believe that he should certainly possess considerably number of Bitcoins on web based wallet.