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| Bitcoin creator finally revealed? Australian Craig Wright outs himself as 'Satoshi Nakamoto' | |
| (35 minutes later) | |
| Australian businessman Craig Wright has revealed he is the man behind the cryptocurrency Bitcoin, ending years of speculation. | Australian businessman Craig Wright has revealed he is the man behind the cryptocurrency Bitcoin, ending years of speculation. |
| Bitcoin’s code was released in 2009 under the pseudonym Satoshi Nakamoto, and the true identity of Nakamoto was increasingly hard-sought as the virtual currency gained traction. | Bitcoin’s code was released in 2009 under the pseudonym Satoshi Nakamoto, and the true identity of Nakamoto was increasingly hard-sought as the virtual currency gained traction. |
| Bitcoin was the top performing currency last year, according to The Money Project, and one Bitcoin is currently worth about $456. | Bitcoin was the top performing currency last year, according to The Money Project, and one Bitcoin is currently worth about $456. |
| READ MORE: Bitcoin beat dollar in 2015 | READ MORE: Bitcoin beat dollar in 2015 |
| Wright used coins known to belong to the currency’s founder as a means of backing up his claim, the BBC reports. | Wright used coins known to belong to the currency’s founder as a means of backing up his claim, the BBC reports. |
| He told the British broadcaster that the search for the true identity of Bitcoin’s founder had spurred him into making the announcement, saying: “There are lots of stories out there that have been made up and I don't like it hurting those people I care about.” | He told the British broadcaster that the search for the true identity of Bitcoin’s founder had spurred him into making the announcement, saying: “There are lots of stories out there that have been made up and I don't like it hurting those people I care about.” |
| "I have not done this because it is what I wanted,” he said of the revelation, adding that he does not want fame, but instead wants to “keep doing what I want to do”. | "I have not done this because it is what I wanted,” he said of the revelation, adding that he does not want fame, but instead wants to “keep doing what I want to do”. |
| After tech magazines Wired and Gizmodo published claims in late 2015 that Wright was the probable creator of Bitcoin, his Sydney home was subjected to a search by Australian authorities as part of a tax investigation. | After tech magazines Wired and Gizmodo published claims in late 2015 that Wright was the probable creator of Bitcoin, his Sydney home was subjected to a search by Australian authorities as part of a tax investigation. |
| Wright explains his struggle revealing his public persona, Satoshi, in a blog post he wrote on Monday. He references a quote by Jean Paul Sartre: “If I sign myself Jean-Paul Sartre it is not the same thing as if I sign myself Jean-Paul Sartre, Nobel Prizewinner.” | |
| “I remember reading that quote many years ago…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,” the businessman posted. | |
| “Satoshi is dead. But this is only the beginning,” he adds cryptically, before outlining the verification process to back up his claims of being bitcoin’s founder. | |
| There have been false claims about the supposed ‘true’ identity of Satoshi before. In 2014, Newsweek published an article claiming a Japanese-American man was behind the virtual currency. | |
| Wright’s revelation has yet to convince many that he is indeed bitcoin’s creator: |