A 5-year old international mystery has finally been solved…perhaps. On December 9, 2015, both “Wired” magazine and “Gizmodo” technology web site named Craig Steven Wright as the real Satoshi Nakamoto, inventor of Bitcoin. An interview with Dr. Wright is accessible on YouTube:https://www.youtube.com/watch?v=xIZWVu6XsO4
Bitcoin is a digital pseudo(?) currency that is not issued by a central bank or backed by physical assets like gold or silver; rather, it is an alternate currency created by technology and agreements among users. Bitcoins are “mined” by technology and the Bitcoin has a varying value: today 1 Bitcoin is worth $430.77 U. S. dollars; tomorrow, it might be worth far more or less.
Since Bitcoin’s introduction in 2009, Bitcoin users, governments, taxing authorities, business people and journalists have all wanted to know the inventor’s identity. Early on, the inventor’s pseudonym was revealed to be Satoshi Nakamoto. Major publications investigated and made various stabs at identifying the real inventor behind that pseudonym. In 2014, for example, “Newsweek” magazine announced that Satoshi Nakamoto is really a Japanese American named Dorian Prentice. Mr. Prentice was besieged, of course, but has repeatedly denied that his is Bitcoin’s inventor.
Then late this year, “Wired” and “Gizmodo” announced that Craig Steven Wright is the inventor, based on review of emails, papers and web archives, including a transcript of a meeting between Australian tax officials and Mr. Wright. On that same day, Australian police raided Mr. Wright’s home and two businesses: DeMorgan Ltd, which is a cryptocurrency company; and Panopticrypt Pty Ltd, which is a cybersecurity company. Police maintain that the revelation of Mr. Wright’s identity and their raids are mere coincidences.
Mr. Wright is an interesting guy. Born in 1970 in Brisbane, Australia, Wright has a PhD in Theology and either has or is working toward a 2nd PhD in “The quantification of Information systems risk.” He also authored or coauthored books about Information Technology, and was an adjunct college lecturer in computer science.
If Mr. Wright is Bitcoin’s inventor, he is believed to be one of the first “miners” of Bitcoin, possessing approximately 1 million Bitcoin, worth $430,770,000 USD…at least today.
There is also speculation that Mr. Wright is an ingenious trickster who merely wants people to believe he is Bitcoin’s inventor. Consequently, while some are sure that Bitcoin’s inventor has been revealed, others are still searching for him/her/it.
Note from HandelontheLaw.com: This article is to be used as an educational guide only and should not be interpreted as a legal consultation. Readers of this article are advised to seek an attorney if a legal consultation is needed. Laws may vary by state and are subject to change, thus the accuracy of this information can not be guaranteed. Readers act on this information solely at their own risk. Neither the author, handelonthelaw.com, or any of its affiliates shall have any liability stemming from this article.