Craig Wright admits that he is Bitcoin inventor Satoshi Nakamoto


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In December of last year, Gizmodo and Wired acquired evidence that reportedly identified Australian businessman and computer scientist Craig Steven Wright as Satoshi Nakamoto, the pseudonym associated with the creator of Bitcoin. It now seems that the reports were accurate, as Wright has just come forward and admitted that he did develop the cryptocurrency.

In a meeting with the BBC, The Economist and GQ, Wright apparently proved his claim by digitally signing messages using cryptographic keys that were created shortly after the development of Bitcoin, and are known to have been originally mined by Nakamoto in 2009.

“These are the blocks used to send 10 B to Hal Finney in January [2009] as the first Bitcoin transaction,” said Wright. Finney is a cryptography and engineer who helped Wright develop Bitcoin. "I was the main part of it, but other people helped me," he added.

The BBC reports that "prominent members of the Bitcoin community" have confirmed Wright’s claim. He has published a blog post giving further evidence, and is backed up by Gavin Andresen, the chief scientist at the Bitcoin Foundation, who also wrote a blog saying he believes Wright is Nakamoto after meeting the Australian businessman.

One day after the reports linking Wright to Nakamoto surfaced last year, his home and offices were raided by Australian tax authorities. Wright reportedly has over one million Bitcoins, worth around $450 million, but the raid wasn’t thought to be related to the cryptocurrency.

When asked why Wright had chosen to reveal that he is the main person behind Bitcoin’s creation, he said: “There are lots of stories out there that have been made up and I don't like it hurting those people I care about […] I have not done this because it is what I wanted. It’s not because of my choice. I really do not want to be the public face of anything. I would rather not do it. I want to work, I want to keep doing what I want to do. I don’t want money. I don’t want fame. I don’t want adoration. I just want to be left alone.”

While there is a great deal of evidence backing up Wright’s story, and he has convinced many experts that he really is Nakamoto, The Economist is skeptical of the claims. It states that he “could well be Mr Nakamoto, but that important questions remain. Indeed, it may never be possible to establish beyond reasonable doubt who really created bitcoin.”

Update: It turns out that there are a number of other people who are just as skeptical about Wright’s claims. These Reddit and Github posts are said to show that the signature he provided publicly is worthless.

Image credit: The Economist

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Uncle Al

Posts: 8,675   +7,585
With $450 million in bit coins, it's hard to imagine he continues to have tax problems, or that he hasn't simply decided to flee the country to one that won't acknowledge his countries rights. Sounds like there is a lot more to the story than we are aware of!