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.”