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Body Language: Putin, Elected Vs. ElitesThe identity behind the pseudonym Satoshi Nakamoto is not known, but Nakamoto is credited with developing blockchain in Nakamoto penned the Bitcoin white. No, Bitcoin was created by Satoshi Nakamoto (although that may be a pseudonym). Its proponents hail bitcoin as free from the control of any authority and a competitor to the U.S. dollar and other government-backed currencies.