Ex-Coinbase CTO Is Driving Mysterious Nakamoto.com, Sources Say


Nakamoto.com is a site which is additional than twice as aged as bitcoin, and for most of its life, it has just redirected to a San Francisco developer’s own site.

Now, though, according to two industry sources, it is under the ownership of just one of the most effective-known investors in crypto: Balaji S. Srinivasan, former Andreessen Horowitz companion, founder of Earn.com and former chief technological innovation officer of Coinbase.

The recent web site states, “Nakamoto is bitcoin nation. HODL or GTFO.”

As of now, opportunity people can only enter their e mail tackle and await additional facts. Srinivasan never ever immediately responded to a number of tries to validate he was managing the web site, but in a modern tweet he advised a go-to-market tactic similar to the just one the web site appears to be using:

Balaji’s backstory

Srinivasan led just one of the most effective-funded early bitcoin organizations, 21e6, which rebranded as 21 Inc and then again as Earn.com.

The original notion was to make property bitcoin miners for common persons. By March 2015, it had lifted $116 million, but the notion satisfied important headwinds as the realities of the bitcoin mining market became clearer. Later in 2015, 21 Inc was observed searching for a way to pivot out of a clear-cut mining hardware enjoy.

Sooner or later, the business would acquire a important leap. In May well 2017, it would open up its bitcoin-driven e mail service to the public, permitting people to established up an account exactly where correspondents would fork out to get a reply in bitcoin. Later that year, it would modify its identify to Earn.com to greater reflect the new mission.

Earn was then purchased by Coinbase in early 2018, a transfer many observed as an pricey acquisition of Srinivasan as much as it was an acquisition of the business itself. Even so, Earn has progressed to acquire a prominent area in Coinbase’s offerings, permitting belongings detailed by the trade to make a more substantial splash by permitting interested people to generate some crypto in trade for going through instructional modules about several tokens.

Srinivasan announced he was leaving Coinbase in May well. An investigation by The Information and facts observed that Srinivasan’s departure adopted a tense year of internal discussion inside of the business. In quick, now-former president and COO Asiff Hirji represented traditional finance aspirations Srinivasan, in the CTO role, represented crypto’s additional rebellious ethos.

An aged site

Now Srinivasan’s next chapter may perhaps be Nakamoto.com.

Whilst minor is known of its long term strategies, the site’s earlier is perfectly documented. First registered in 1997, a quick scan of the Web Archive shows the site belonged to a technologist who shares the last identify of the pseudonymous creator of bitcoin. (CoinDesk’s requests for remark to the former owner ended up not returned.)

Documents show a transfer was created in July 2018, even so. The facts on the recent owner is masked by a proxy, Whois Privacy Security Assistance, Inc.

The new web site is sparse, nonetheless quite crypto. It is not nonetheless very clear precisely what it is been repurposed to do.

CoinDesk will update this piece as additional facts gets to be offered.

Balaji Srinivasan picture by way of CoinDesk archives