Bitcoin Online Virtual Currency Inventor Comes Clean

Published Wednesday, May 04, 2016 -
Bitcoin Online Virtual Currency Inventor Comes Clean

Craig Steven Wright is an Australian computer scientist and businessman. He claims to be the real person behind the pseudonym Satoshi Nakamoto the creator of the virtual currency called bitcoin. The speculation that Wright is who he claims to be has been widely disputed in the so called bitcoin community. After years of speculation over who invented the crypto currency, many believe the founder has been operating under the alias of Nakamoto now the Australian businessman is publically stating he is in fact the same person.

Born in 1970 in Brisbane, Australia, Craig Steven Wright unveiled his alternate identity to publications GQ and the Economist. Satoshi Nakamoto's work in 2008 and 2009 was a key element to creating the system but since then there has been no other work done on the invention of bitcoin.

Technical proof was provided by Wright during an interview with the BBC news that he was the founder by digitally signing messages using cryptographic keys created during the beginning stages of the virtual money’s development. Wright commented during the proof demonstration with the BBC, “These are the blocks used to send 10 Bitcoins to Hal Finney in January [2009] as the first Bitcoin transaction,”

Convinced by the evidence that Wright presented, Jon Matins, one of the founding directors of the Bitcoin Foundation, posted a blog about his relationship with Satoshi Nakamoto,
"During the London proof sessions, I had the opportunity to review the relevant data along three distinct lines: cryptographic, social, and technical," Matins continued to add, "It is my firm belief that Craig Wright satisfies all three categories."

Wright’s home was raided by Australian police late last year, not long after websites Gizmodo and Wired published leaked transcripts of legal interviews that suggested Wright was the founder of the blockchain technology virtual cash system.

Cryptocurrency users and experts have however pointed to several loopholes in the digital proofs that Wright has offered.


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