Creator of Bitcoin Refuses to Prove Himself

Creator of Bitcoin Refuses to Prove Himself Since its conception back in 2008, there has been a major controversy over Bitcoin’s creator. The digital payment system is believed to have been invented by Satoshi Nakamoto, a pseudonym claiming to have been used by Australian entrepreneur, Craig Wright. Despite his claims, there is much speculation on whether or not Wright is the authentic creator of Bitcoin.

On Wednesday, the 4th, Wright released a statement that he would deliver official proof that he was, indeed, the inventor. Soon after, his team devised a plan in which Jon Matonis & Gavin Andersen from the Bitcoin Foundation, along with BBC representatives, would send small bitcoin values to a specific address, used in the very first bitcoin transaction, and in return, it would be sent back, proving to be the first outgoing transactions from the Bitcoin block since 2009. This act is believed to only be able to be completed by the legitimate Bitcoin creator.

While all went as planned at first, with Andersen and Matonis sending their amounts, it was later put on hold for no apparent reason.

One would certainly equate this scenario to being more than just a little fishy. Mere hours after the plan was halted, Wright released another statement, claiming he did not “have the courage.”

Wright further blogged, “I believed that I could put years of anonymity and hiding behind me. But as the events of this week unfolded and I prepared to publish the proof of access to the earliest keys, I broke. I do not have the courage. I cannot.”

He added, “When the rumours began, my qualifications and character were attacked. When those allegations were proven false, new allegations have already begun. I know now that I am not strong enough for this.”

Wright also released an apology to Matonis and Anderson, stating in his blog, “I know that this weakness will cause great damage to those that have supported me, and particularly to Jon Matonis and Gavin Andersen. I can only hope their honour and credibility is not irreparably tainted by my actions. They were not deceived, but I know that the world will never believe that now. I can only say I’m sorry. And goodbye.”
  • This whole thing seems like nothing more than a publicity stunt. I doubt there is any actual "Satoshi" Bitcoin was and still is a project that many many individuals (super nerds) deserve credit for.
  • Well, I remember when the search for Satoshi Nakomoto was at it's peak & there were people going crazy trying to find out who he was. Looking back at that time, I have to say, I don't blame Craig for not wanting to cement something that could possibly turn his entire world upside down. Maybe he has children that he doesn't want to be stalked by paparazzi. Nakomoto has held off being identified for so long that at this point, the story would be so huge that it probably overwhelms him just thinking about it. I lived in Riverside, CA a few years ago & there was an IP address used from Riverside which was thought to be used by Nakomoto, the media swarmed & the poor man who lived there, maintained that he was not who they were looking for, but had to go into hiding because the press were relentless. I totally understand why the inventor of bitcoin would want to remain out of the public eye. Wouldn't you?
  • I think that creation of such a company is a great success at the first place, and that everyone, including Craig, should give their best to show their own and the credibility of their team. I can partly understand that he didn't have enough courage to continue with his fight, but I also believe that completing this fight and proving that he is the authentic creator would be highly beneficial for him and his supporters as well as for the entire society. In that way, he would show to everyone that the truth always finds its way.
  • This sure seems odd. The guy announces he would deliver proof that he invented bitcoin and then backs out? I think I would be pretty proud about this invention if it were me, but then to admit he is not strong enough and is too weak is really weird. Then again the guy is very intelligent to be able to put bitcoin in motion and have it work. Sometimes people that smart come up short in other areas.

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results