Australian Entrepreneur Claims to Be a Bitcoin FounderAdded: Wednesday, May 4th, 2016
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An Australian entrepreneur has admitted to be Satoshi Nakamato, the pseudonymous creator of the most popular cryptocurrency in the world. Craig Wright was named as the Bitcoin founder by two separate media investigations late last year and recently made the admission in a blog post, providing a technical proof of his claim. In addition, Wright provided evidence to the BBC, reportedly including the use of cryptographic keys linked to the very first Bitcoin transaction in 2009.
One of the founding directors of the Bitcoin Foundation backed Wright’s claim, saying he had the opportunity to review the relevant data along three distinct lines: cryptographic, social, and technical, and Craig Wright definitely satisfies all three categories.
Craig Wright, 45, is an IT and security consultant, who until recently was the director of more than a dozen companies, some of them being involved in cryptocurrency. Wired and Gizmodo published independent investigations late last year claiming to reveal his identity based on leaked transcripts, emails and financial records. However, these stories were the subject of skepticism among Wright’s contemporaries at the time. Today Wright was unmasking himself in order to dispel any negative myths and fears about the cryptocurrency he created.
Bitcoin is the dominant version of cryptocurrencies which allow people making electronic transactions bypassing commercial banks and outside the reach of central banks. Today, there are about 15.5m Bitcoins in circulation, of which roughly a million are reportedly owned by Nakamoto, giving him a net worth of around $450m, at the current rate of Bitcoin equal to $450.
Satoshi Nakamato first outlined the ideas behind cryptocurrency in an academic “white paper” in 2008, launched the software behind the system in 2009 and continued to develop it until abruptly stepping back in 2011, saying he had “moved on to other things”. Since the very beginning, his identity has been the subject of fierce speculation. Such media sources as the New Yorker and Newsweek have unsuccessfully tried to reveal the identity of Bitcoin founder in past years. Craig Wright explained that the pseudonym was an homage to Tominaga Nakamoto, a 17th century Japanese philosopher, merchant and advocate of free trade.
Wednesday, May 4th, 2016No comments
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