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Oz scientist revealed as Bitcoin's creator

By Aine Fox

Published 03/05/2016

Dr Craig Wright, the man claiming to be the inventor of Bitcoin
Dr Craig Wright, the man claiming to be the inventor of Bitcoin

A man claiming to be the inventor of Bitcoin has gone public, saying he wants to allay fears about the digital currency and help people understand its potential.

The creator was previously known by the pseudonym Satoshi Nakamoto to protect his identity, but he has now been named as Australian Dr Craig Wright.

The computer scientist, inventor and academic launched the protocol in 2009 and his identity was shrouded in mystery.

Dr Wright said he decided to reveal himself as the Bitcoin creator to end "misinformation" about the cryptocurrency and its digital infrastructure Blockchain.

Bitcoin is an entirely virtual currency that works without the need for a central bank, and can be sent over the internet. Coins are transferred directly from person to person, and kept in a digital wallet that can be accessed on a computer or mobile device.

Creating new coins is done through a process called "mining" where users are rewarded with new coins for verifying transactions that take place.

Bitcoin has its own value and is not tied to any physical currency.

Read more

Craig Wright who claimed to be Bitcoin ‘creator’ Satoshi Nakamoto posts message saying sorry for claims  

Opponents have raised fears that a digital currency without a regulator or central bank is ripe for abuse by hackers and money launderers.

Dr Wright said: "I firmly believe that Bitcoin and the Blockchain can change the world for the better. I didn't take the decision lightly to make my identity public and I want to be clear that I'm doing this because I care so passionately about my work and to dispel any negative myths and fears about bitcoin and the Blockchain.

"I cannot allow the misinformation that has been spread to impact the future of Bitcoin and the Blockchain.

"I'm now able to build on what I have previously completed by releasing my research and academic work and help people understand just how powerful this can really be."

The scientist has digitally signed messages to prove his identity, and Jon Matonis, one of the founding directors of the Bitcoin Foundation said he is convinced Dr Wright is who he claims to be.

Belfast Telegraph

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