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Bitcoin’s Deviations from Satoshi’s World

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Abstract

After several years of the proposal and implementation of Bitcoin by Satoshi Nakamoto, people in the world were enthusiastic about crypto-assets. However, the market prices of crypto-assets are too unstable to use as a payment method. After many cyber-attack incidents, the confidence in the security of crypto-asset exchanges has also been compromised. Satoshi proposed Bitcoin to realize anonymous payment to protect individual privacy. Actual crypto-assets have changed from the original concept. The main reason for this deviation was the reality that ordinary investors cannot manage their secret keys securely. In this chapter, the reasons for this deviation are investigated.

Keywords

Bitcoin Crypto-asset Cyber-attack Decentralization Secret key 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2020

Authors and Affiliations

  1. 1.School of GovernmentKyoto UniversityKyotoJapan

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