Bitcoin, the crypto-currency in use today, has been the subject of interest for many. But more than the digital currency, the origins of its creator was considered as a well guarded-secret for a long time.
Until now that is.
Craig Wright – Father of Bitcoin
Ending years of speculation, an Australian entrepreneur Craig Wright has recently outed himself as the elusive founder of Bitcoin Satoshi Nakamoto.
Satoshi Nakamoto was believed to be the inventor of Bitcoin, but no one knew who he was and where he lived. Mr. Wright put an end to one of the biggest tech mysteries of the world recently by furnishing technical proof that backs up his claim as the father of the digital cash system.
Members of the Bitcoin community has also evaluated his claims and confirmed their veracity, leading the press to declare once and for all that Craig Wright is the creator of Bitcoin. BBC, GQ, and The Economist were the first media organizations to receive his true identity.
Read More: Bitcoin – What is it?
Bitcoin wasn’t a One-Man Effort
Renowned cryptographer Hal Finney was one of the engineers who helped turn Mr Wright’s ideas into the Bitcoin protocol.
“During the London proof sessions, I had the opportunity to review the relevant data along three distinct lines: cryptographic, social, and technical.” – Jon Matonis, an economist and one of the founding directors of the Bitcoin Foundation.
Gavin Andresen, chief scientist at the Bitcoin Foundation, also vouched for Craig Wright as the founder of Bitcoin.
No longer pegged as the creator of Bitcoin: Dorian Satoshi Nakamoto
The development is expected to put an end to claims that Dorian Satoshi Nakamoto is the one behind Bitcoin as was widely reported in 2014. The title for inventor of bitcoin now officially belongs to Craig Wright.
Read More: Bitcoin and Pakistan
Image Credits : BBC
His life is in danger now.Someone should help him.I think he own billion dollars worth of bitcoin.
its sad that bitcoins cost more than a life
1 million bit coins worth alot… but there are people having lot more than this amount… people have earned billions within few years so there is less chance of being caught by Altaf Bhai for Bhatta…ha ha ha
Wait for Satoshi’s statement before jumping to conclusion.
Satoshi will not make a statement, and has not made a statement in 5 years.
He’s afraid of the Govt (last time I read/heard), and he’s underground.
Craig Wright has NOT provided definitive evidence that he is SN. The article in the Economist is more skeptical than the one in BBC.
The “proof” Craig Wright posted on his own blog has been debunked; from a post on reddit explaining the issue in more detail:
the signature on Craig Wright’s blog post is not a signature of any “Sartre” message, but just the signature inside of Satoshi’s 2009 Bitcoin transaction. It absolutely doesn’t show that Wright is Satoshi, and it does very strongly imply that the purpose of the blog post was to deceive people.
Why does he need to prove that he is SN? One user speculates:
The short version is that he made fictional investments in a company by claiming to have transferred his personal “interest” in $29m of bitcoin to the target company. (I.e. no blockchain transfer, just a legal document claiming to transfer that amount of bitcoin.)
He then claimed substantial cash R&D credits from those transactions.
Australian taxation office (ATO) began investigating. He has paperwork showing the transactions, but knows that ATO might dig around and want to see verification that he truly owned $32m of bitcoin. To cover that, he claims he put all his bitcoin in a trust, where the trustee was another early bitcoiner. Unfortunately, that friend has now passed away, and the private keys are lost.
In order for the BS to be even vaguely plausible, he needs to show that he originally had access to $32m of bitcoin. This is why he pretends to be Satoshi.
Finally, the ACTUAL message posted on CW’s blog turns out to be manipulated. For lots of details, read https://redd.it/4hhreq