Comment by smoovb

7 days ago

Satoshi Nakamoto was likely created in response to the December 2005 raid of e-Gold in Florida by U.S. Secret Service/FBI, and other similar incidents. e-Gold was the largest Digital currency at the time clearly showed the dangers of centralization. Douglas Jackson's indictment occurred about 18 months before the Bitcoin whitepaper.

So the risk of centrally founding another digital currency was clear at the time and e-Gold was discussed by both Back and Finney.

Launching without a single point of failure, a single arrestable founder was critical to the success of Bitcoin.