Australian Craig Wright Says He’s Satoshi Nakamoto, the Creator of Bitcoin

An Australian businessman revealed reporters that he is Bitcoin creator Satoshi Nakamoto.

Photo: YouTube

Photo: YouTube

Just a few months after Craig Steven Wright, an Australian entrepreneur, was outed against his will as Satoshi Nakamoto, has announced that he is indeed the creator of bitcoin.

“I remember reading that quote many years ago, and I have carried it with me uncomfortably ever since. However, after many years, and having experienced the ebb and flow of life those years have brought, I think I am finally at peace with what he meant. If I sign Craig Wright, it is not the same as if I sign Craig Wright, Satoshi,” he writes.

Mr Wright published a blog post sharing cryptographic proof, backed up by other information, to make his case. However, journalists still can’t be sure that the Australian computer scientist is the person who stands behind the world’s most popular crypto currency.

Mr Wright intended to prove him right by digitally signing messages using some of the earliest Bitcoin cryptographic keys, which are linked to Bitcoin blocks mined by Nakamoto himself. “These are the blocks used to send 10 bitcoins to Hal Finney in January [2009] as the first bitcoin transaction,” he said.

“This incredible community’s passion and intellect and perseverance have taken my small contribution and nurtured it, enhanced it, breathed life into it,” he wrote. However he did not state directly that he was Nakamoto. “Satoshi is dead,” he said. “But this is only the beginning.”

In fact, as the leading economic publications claim, it may never be possible to prove beyond reasonable doubt who really created bitcoin. Whether people, particularly bitcoin cognoscenti, actually believe Mr Wright will depend greatly on what he does next, after going public.

Meanwhile, Gavin Andresen, chief scientist at the Bitcoin Foundation, has confirmed the claim.

“He signed in my presence using the private key from block one, the very first mined Bitcoin block, on a computer that I am convinced had not been tampered with,” he said.

He went on, adding: “It is impossible to prove something like that 100%.”

Jon Matonis, a founding director of the Bitcoin Foundation now works as a bitcoin consultant, wrote a blog post on Monday which, like Andresen’s, supported Wright’s claims.

“According to me, the proof is conclusive and I have no doubt that Craig Steven Wright is the person behind the Bitcoin technology, Nakamoto consensus, and the Satoshi Nakamoto name,” Matonis wrote.

Nevertheless, JoukeH discovered that 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.

The Bitcoing alleged founder explained why he decided to went public after so many years: “I have not done this because it is what I want,” Mr Wright told the BBC about his announcement. “I really do not want to be the public face of anything.”

“I have been silent, but I have not been absent. I have been engaged with an exceptional group and look forward to sharing our remarkable work when they are ready,” he wrote.

The Australian businessman is currently undertaking a Master of Science and Finance at the University of London. He explained to journalists that he chose his pseudonym as an homage to Tominaga Nakamoto, a Japanese philosopher and trader who was known in the 17th century.

“Bitcoin is one of those products that has got the most public recognition, and the least public usage. The growth is there, but we are still awaiting the mass market usage case,” said Michael Jackson,  partner at tech investor Mangrove Capital Partners  and former executive at Skype.

“The core system, the theory of it, has proved very sound. It’s a bit like the music industry, though – people write hit songs and are never known… It’s a great story, this whodunnit, it’s great at getting attention. If the mystery goes away it’s better in the long-term. It’s one more anomaly that’s gone.”

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