Meet the creator of Bitcoin

The Creator

Meet the creator of Bitcoin: Craig Steven Wright.

Wired
claims that Bitcoin creator “Satoshi Nakamoto” is a pseudonym used by a 44-year-old Australian cryptologist, Craig Steven Wright. Wired’s Andy Greenberg & Gwern Branwen are of the opinion that Wright is either a brilliant hoaxer who is genuinely the inventor of Bitcoin.

Bitcoin is a revolutionary piece of technology. Unlike the current fiat monetary system, Bitcoin has no central entity controlling it, it is free to transfer and hold, it has far superior privacy protection and is supported mathematically ensuring money cannot simply be printed and consequently confining inflation to history.

The Facts

The evidence pointing to Wright appeared in November. This was thanks to Gwern Branwen, a pseudonymous, independent security researcher and dark web analyst who provided the documents to Wired.

Although we advise you should check the Wired report, the facts are as follows:

  • The topic of an August 2008 post on Wright’s blog mentions his intention to release a “cryptocurrency paper”. This was months before the November 2008 introduction of the Bitcoin whitepaper.
  • On the same blog Wright requests that a unique PGP key, apparently linked to Satoshi Nakamoto, must be used in contacting him.
  • A further blog post in January 2009 reportedly reads, “The Beta of Bitcoin is live tomorrow. This is decentralised… We try until it works.”

BBC report that Wright’s, “blog was taken offline shortly after Wired published its report, while Dr Wright’s Twitter account went from being protected to being deleted altogether.”

Conclusion

The evidence put forward by Wired is rather compelling, yet this type of speculation is not new and it is unlikely that Wright is the creator(s) of Bitcoin. Newsweek claimed that they found the creator of Bitcoin, a 64-year-old Japanese American living near LA. In the end, Dorian Nakamoto ended up suing Newsweek.

Yet, even if it is, this does not in anyway shake the foundations of a completely private form of currency. A system of monetary governance that is certainly paving the way for the future.

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