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Australian Craig Wright claims to be the Bitcoin creator, but is he?

04 May 2016 0

Ever since the digital currency Bitcoin got popularity, there is one question almost everyone has asked others and himself: Who really is the creator of Bitcoin? Yes, it is true that we know that person or a group of people as Satoshi Nakamoto but no one really knows who is the person behind that pseudonym. In the past, there have been various speculations over the real identity of Nakamoto but this is the first time we are seeing someone coming out in front and claiming to be the one responsible for coming up with one of the most crucial inventions in the field of finance.

An Australian entrepreneur Craig Wright has claimed to be the Bitcoin creator or you can say to be Satoshi Nakamoto. He made this claim via a blog post and in interviews with various prominent news publications. The claim has got everyone debating and most of the Bitcoin community members and experts are skeptical about it. The primary reason behind doubts is said to be his failure in showing a concrete proof.

Wright's blog post about the claim included some digital signatures as the proof but Bitcoin experts have said that they don't prove anything. There is even a Reddit thread where you can find users debating over the claim and providing reasons that why Wright's claim is nothing more than a hoax.

On the other hand, Gavin Anderson, one of the core developers to work on Bitcoin in its initial days, has said that he met Wright in London and believes his claims. Anderson is also the successor to Nakamoto when he quit working on Bitcoin. Besides him, Jon Matonis, Bitcoin Foundation's founding director, also believes Wright.

In response to the debate over his claim, Wright told BBC, "Some people will believe. Some people won’t. And to tell you the truth, I don’t really care. I was the main part of it. Other people helped me.” But in the latest post from Wright, he said that he would be showing some "extraordinary" proves that would prove that he is the creator of Bitcoin and Nakamoto.

Other than the identity, there is also some debate over the fact whether anything would change even if Wright is confirmed as the real creator of Bitcoin. But there is one thing which will surely be interesting to know is that whether Wright holds the private key to about 1 million Bitcoins (out of the all 15 million Bitcoins currently in circulation) which are said to be under the custody of Nakamoto. If Wright happens to be the owner of those Bitcoins, then his worth is more than $450 million as per the current exchange rate and can surely affect the future of Bitcoin market.



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