Technology

The mysterious creator of bitcoin revealed

from The Telegraph

Bitcoin, the very popular digital currency used internationally between individuals and businesses, has always had its origins clouded in mystery. The creators of bitcoin were not some large corporation like IBM or Intel.   They were a loose nit, secretive group of tech geeks from all over the world.  Each contributed their own piece of code to the project, refining and revising and perfecting the code until it became the phenomena we know today.  But the group was so secretive members did not even use real names to address each other. The founder/creator of the source code Satoshi Nakamoto has remained a mystery until today.

Many speculated as to the possible identity of the coder. A few years ago I wrote about Newsweek’s outing of who they believed to be the creator of bitcoin – Satoshi Nakamoto. Now the name of the creator was always seen as a pseudonym for the real inventor since it was widely known none of the first coders ever used their real names. But Newsweek found a guy named Satoshi Nakamoto in southern California and went on to press their case that this man was the inventor. The interview went south immediately as Nakamoto called the cops on the Newsweek interviewer all the while vehemently denying being the creator of the crypto currency. He would later give an interview with the AP again insisting he did not create bitcoin. For Newsweek’s part, much scorn was heaped on the reporter and the magazine, which had just relaunched as a digital only offering after ending its storied carrier as a print magazine.   Newsweek was blamed for possibly outing an innocent man and causing him unnecessary distress due to “shotty” reporting,

But today a new and perhaps final chapter to the history and mystery behind the creation of bitcoin has been written.   According to the BBC, entrepreneur Craig Wright has come forward as the creator of bitcoin.   Mr. Wright, a white Australian has said he was the mysterious Satoshi Nakamoto.

Mr Wright has provided technical proof to back up his claim using coins known to be owned by Bitcoin’s creator.

Prominent members of the Bitcoin community and its core development team say they have confirmed his claims.

But some are not satisfied.

Some cryptographers and developers who worked through the information provided said they had trouble getting verifiable information out of it.

Security expert Dan Kaminsky said the procedure was almost “maliciously resistant” to validation.

Many people have called on Mr Wright to go further in proving his identify.

 

The timing of Mr. Wright’s outing seems curious, no one has written about bitcoin since December of last year. But it turns out Mr. Wright has long been suspected as having ties to the currency. Australian authorities raided his home, not over bitcoin, but tax related issues.   What is astonishing is if Mr. Wright is Satoshi Nakamoto, he should have one million bitcoin in his possession.  Converted to currency, it would be worth $450 million.

 

 

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