Tech

The creator of Bitcoin decides to unmask himself

This revelation ends years of speculation about the identity of the creator of this digital currency whose concept is truly revolutionary. Craig Wright provided technical evidence which ensures that it is the creator of Bitcoin. These pieces of Bitcoin that are known to possess only the creator of that currency.

Leading members of the Bitcoin community and the development team the project also confirmed Craig Wright’s assertions. The man also publicly revealed his identity to three media: the BBC, The Economist and GQ. To provide proof of what he says, Craig Wright digitally signed messages using cryptographic keys created in the early days of the development of Bitcoin. These keys are inextricably linked to blocks of bitcoins known to have been created or “extracted” by Satoshi Nakamoto.

Ending speculation about the identity of Satoshi Nakamoto

“These are the blocks used to send 10 bitcoins to Hal Finney in January [2009] during the first Bitcoin transaction, “said Craig Wright during his demonstration. The cryptographer Hal Finney was one of the engineers who helped transform the ideas of the founder of the currency Bitcoin protocol, said Craig Wright. Craig Wright said he planned to publish other information that would enable other encryption experts verify that it is Satoshi Nakamoto.

Jon Matonis, economist and founder of the Bitcoin Foundation, told the BBC he was confident that Craig was Wright who he claims to be. “I had the opportunity to review relevant data on three distinct areas: encryption, social and technical” has he said. “My personal conviction is that Craig Wright meets all three categories.”

In releasing his identity, Craig Wright hopes to put an end to speculation about the identity of Satoshi Nakamoto. The New Yorker, Fast Company, Newsweek, and many other media have conducted lengthy investigations to reveal the identity of the creator of Bitcoin. And many candidates have been revealed. Without success.

“I did not do this because I wanted to”

By December 2015 Wired and Gizmodo had nominated Craig Wright as a potential candidate after receiving of stolen documents revealed his involvement in the project. Following these publications, Australian authorities raided the home of Craig Wright. The Australian Taxation Office stated that the search was related to a tax case, and not to the question of Bitcoin. Craig Wright said in this regard that it is cooperating fully with the ATO. “We have lawyers who negotiate the amount I have to pay,” he said.

The new elements provided on the presumed identity of the creator of Bitcoin last December led many journalists to investigate him and some of his relatives he said. “I did not do this because I wanted to,” said Craig Wright, adding that he had no intention of becoming the figurehead of Bitcoin and he regretted see was forced to reveal her identity . “I would have preferred not to have to do it,” he said. “I want to work, I want to continue doing what I want to do. I do not want money. I do not want fame. I do not want to worship. I just want to be left alone.”

Craig Wright had amassed 1 million bitcoin, or 450 million

Bitcoins are now accepted as payment for a wide variety of goods and services (Microsoft, Paypal; NASDAQ, or Dell and Expedia) – the international money transfers to paid ransom to unlock encrypted data by hackers. There are currently about 15.5 million bitcoins in circulation. Each of them takes worth about 449 dollars.

Moreover the Bitcoin currency based on a distributed mechanical trust called blockchain. This concept is now used in areas as diverse as media and finance. In the latter field testing is underway to tackle credit default swaps. In Europe, the exchange of Bitcoin is exempt from VAT.

Satoshi Nakamoto is believed to have amassed about one million Bitcoins, a net value if it is converted to $ 450 million.

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