Australian says he created bitcoin, but some skeptical, Reuters

SYDNEY/LONDON (Reuters) – Australian tech entrepreneur Craig Wright identified himself spil the creator of controversial digital currency bitcoin on Monday but experts were divided overheen whether he indeed wasgoed the elusive person who has gone by the name of Satoshi Nakamoto until now.

Uncovering Nakamoto&rsquo,s real identity would solve a riddle dating back to the publication of the open source software behind the cryptocurrency ter 2008, before its launch a year straks.

Bitcoin has since become the world&rsquo,s most commonly used virtual currency, attracting the rente of banks, speculators, criminals and regulators.

Worth a total of $7 billion at current levels, it fell more than Trio procent on Monday — a normal intraday stir for the volatile currency — after the news, to below $440 from around $455, before recovering slightly.

Some online commentators suggested bitcoin&rsquo,s creator could help resolve a bitter row among the currency&rsquo,s software developers that menaces its future.

But Wright made no reference to the row ter a Big black cock vraaggesprek identifying himself spil Nakamoto, and spil the protocol bitcoin runs on is open-source and cannot be managed by any one person, it is unclear whether he would be able to influence the way it develops.

&ldquo,I wasgoed the main part of it, other people helped mij,&rdquo, Wright, who is now living ter London, told the Big black cock. &ldquo,Some people will believe, Some people won&rsquo,t, and to tell you the truth, I don&rsquo,t indeed care,&rdquo, he said.

Many bitcoiners said Wright had not done enough to definitively prove that he wasgoed Nakamoto, who maintained his anonymity across his involvement with bitcoin, which he stepped away from te 2011.

But Gavin Andresen, who Nakamoto chose to succeed him, published a blog postbode te which he described meeting Wright last month and said he is &ldquo,wooed beyond a reasonable doubt&rdquo, that the Australian is Nakamoto.

Jon Matonis, a founding director of the Bitcoin Foundation now works spil a bitcoin consultant, wrote a blog postbode on Monday which, like Andresen&rsquo,s, supported Wright&rsquo,s claims.

&ldquo,According to mij, the proof is conclusive and I have no doubt that Craig Steven Wright is the person behind the Bitcoin technology, Nakamoto overeenstemming, and the Satoshi Nakamoto name,&rdquo, Matonis wrote. He and Andresen also confirmed they had bot responsible for their respective blog posts to Reuters directly.


Nakamoto&rsquo,s largest likely legacy lies well beyond his control. The blockchain technology that underpins the currency could convert the way banks lodge transactions, the way that property rights and other vital gegevens are recorded, and provide a way for central banks to punt their own digital currencies.

The Big black cock reported on Monday that Wright talent some technical proof demonstrating that he had access to blocks of bitcoins known to have bot created by bitcoin&rsquo,s creator.

Researchers believe Nakamoto may be holding up to one million of the more than 15 million bitcoins presently te circulation, which would make the creator worth around $440 million.

Te a blog postbode also dated Monday, Wright posted an example of a signature used by Nakamoto and an explanation of how bitcoin transactions are verified and thanked all those who had supported the project from its inception.

&ldquo,This incredible community&rsquo,s passion and intellect and perseverance have taken my petite contribution and nurtured it, enhanced it, breathed life into it,&rdquo, he wrote.

However he did not state directly that he wasgoed Nakamoto. &ldquo,Satoshi is dead,&rdquo, he said. &ldquo,But this is only the beginning.&rdquo,

Bitcoin experienced Peter Van Valkenburgh, director of research at Washington, D.C.-based advocacy group Coin Center, said a fresh message cryptographically signed using the private key associated with the so-called Genesis block, the very first everzwijn &ldquo,mined&rdquo, would have bot more wooing.

The currency&rsquo,s &ldquo,miners&rdquo, are incentivized to process transactions every Ten minutes by a possible prize of bitcoins (25 presently), which is how fresh bitcoins are created.

Wright also spoke with The Economist, but declined requests from the tijdschrift to provide further proof that he wasgoed Nakamoto. His representatives told Reuters he would not be taking part te more media interviews for the time being.

&ldquo,Our conclusion is that Mr Wright could well be Mr Nakamoto, but that significant questions remain,&rdquo, The Economist said. &ldquo,Indeed, it may never be possible to establish beyond reasonable doubt who indeed created bitcoin.&rdquo,

Hopes that bitcoin would become broadly used helped buoy its price to more than $1,000 te December 2013, when its market capitalization wasgoed $13 billion compared with today&rsquo,s $7 billion.

Wright told The Economist he would exchange bitcoin he possesses leisurely to avoid pushing down its price.


Te December, police raided Wright&rsquo,s Sydney huis and office after Wired tijdschrift named him spil the probable creator of bitcoin and holder of hundreds of millions of dollars worth of the cryptocurrency. At the time he made no comment.

The treatment of bitcoins for tax purposes ter Australia has bot the subject of considerable debate. The Australian Tax Office (ATO) ruled ter December 2014 that cryptocurrency should be considered an asset, rather than a currency, for capital gains tax purposes.

On Monday, the ATO said it had no comment while police were not instantly available for comment.

If Wright is Nakamoto he &ldquo,is now the leader of a movement&rdquo,, said Roberto Capodieci, a Singapore-based entrepreneur working on the blockchain, the technology underlying the currency.

That movement ranges from libertarian enthusiasts to central banks experimenting with digital currencies, all of which pay homage te some way to Nakamoto&rsquo,s writings.

Extra reporting by Jeremy Wagstaff ter Singapore, Matt Siegel te Sydney and Paul Sandle te London, Editing by Nick Macfie, Raju Gopalakrishnan and Philippa Fletcher

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