Michel Bauwens reflects on Satoshi, Bitcoin, and the path not taken

In an interview published by Uncommons on April 15, 2025, P2P Foundation founder Michel Bauwens looked back on his brief but direct contact with Satoshi Nakamoto.

On Satoshi’s emails:

Bauwens said the exchange was limited but memorable:

“Satoshi wrote me a few times.”

According to Bauwens, one message explained why Satoshi wanted to publish the Bitcoin white paper on the P2P Foundation site. Another offered him a few bitcoins:

“And offering me a few bitcoins. Unfortunately I didn’t answer that proposal.”

Bauwens also recalled that Satoshi later wrote to deny being “the Japanese guy” identified in the press, and at one point promised to write again but never followed up.

On Bitcoin’s significance:

Although Bauwens said he was not enthusiastic about Bitcoin’s energy requirements, he described its historical importance in much stronger terms:

“It was the first globally scalable, socially-sovereign currency that was not created by a firm, nor by the state.”

He also argued that Bitcoin introduced a new kind of universal ledger, moving accounting from closed institutional systems toward open ecosystems.

On his broader retrospective view:

Bauwens framed Bitcoin as a post-capitalist invention rather than a simply anti-capitalist one. In his view, Bitcoin created a new coordination layer for value, but still lacked a strong connection to productive, local, commons-based reality.

[This interview is notable because Bauwens was among the first people to engage Satoshi on the P2P Foundation / P2P Research channels in February 2009. His 2025 comments add new personal detail to that early contact, including the previously underemphasized fact that Satoshi directly offered him bitcoins and explained his decision to post on the P2P Foundation site.]