. Earth Science News .
TRADE WARS
Australian Craig Wright says he created Bitcoin
By Katherine HADDON
London (AFP) May 2, 2016


Australian entrepreneur Craig Wright on Monday identified himself as the creator of Bitcoin following years of speculation about who invented the pioneering digital currency.

Wright was named by three media outlets -- the BBC, The Economist and GQ magazine -- and posted a blog on his website.

However, in a defiant interview with the BBC, the 45-year-old insisted that he would have preferred his identity to remain secret, adding he was not seeking cash or honours.

"I don't want money, I don't want fame, I don't want adoration, I just want to be left alone," Wright told the British broadcaster.

"If anyone puts me up for awards or anything like that, I will never, ever accept a cent. Ever."

He added that he had not taken the decision to identify himself, saying: "I had people decide this matter for me."

Some raised questions about his claim, suggesting more work should be done to verify it.

Bitcoin is a technically sophisticated currency based on the same underlying mathematics as governments and militaries use to encrypt codes.

Unlike traditional currencies such as the dollar or the euro, which require the sponsorship of a central bank, Bitcoin is decentralised.

Digital coins are created by supercomputers and then traded online or exchanged for goods and services by a peer-to-peer network of computers connected to the Internet.

Despite some early notoriety over its use by drug dealers on the dark web, the system has grown beyond its radical libertarian roots and is being taken increasingly seriously by the financial establishment.

Billions of dollars worth of Bitcoins are now in circulation.

- Paternity test -

Wright had presented proof that only the true creator of Bitcoin could have provided, the BBC said.

It posted a video of him demonstrating the signing of a message with the public key associated with the first transaction ever done on Bitcoin following its 2009 launch.

These keys had to be created by Satoshi Nakamoto, the pseudonym used at the time by the currency's creator, the broadcaster said.

But The Economist was more sceptical, saying there were still a number of steps to go through in order to verify the claim and "important questions remain".

"Imagine that the paternity of a particularly brilliant child is in doubt, and someone steps forward to claim he is the father," its article said.

"In the real world a DNA test would sort the matter out quickly. In the confusing world of Bitcoin... things are not that simple."

The claim also drew scepticism from some members of the tech community on online forums like Reddit.

In a statement, Wright said he was going public because he wanted to "dispel any negative myths" about Bitcoin.

"I cannot allow the misinformation that has been spread to impact the future of Bitcoin," he said.

"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."

Jon Matonis, founding director of the Bitcoin Foundation, wrote on his blog Monday that it was his "firm belief" that Wright had invented Bitcoin.

He said he had seen complex cryptographic, social and technical evidence.

"According to me, the proof is conclusive and I have no doubt that Craig Steven Wright is the person behind the Bitcoin technology, Nakamoto consensus, and the Satoshi Nakamoto name," Matonis wrote.

Wright was identified as the possible creator of Bitcoin in December by technology publications Wired and Gizmodo, shortly before his home in Sydney was reportedly raided in a tax probe.

Little biographical detail is known about Wright, who describes himself as a cyber-security expert and was born in Brisbane but, according to The Economist, has now moved to London.

burs-kah/jh


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
Chinese ship set to be first through expanded Panama Canal
Panama City (AFP) April 29, 2016
A Chinese-owned freighter will be the first vessel to pass through Panama's newly expanded canal, to be inaugurated with great pomp in June after nine years of work, officials said Friday. The Andronikos, a Marshall Islands-flagged container ship belonging to the China Cosco Shipping Corporation (COSCOCS), a Chinese state-owned group, was selected by lottery among the Panama Canal Authority' ... read more


TRADE WARS
Workers feeling the heat as climate change slashes productivity: report

NY seeks to shield Ecuadorans from deportation after earthquake

BRICS to the rescue

Ukraine marks 30 years since Chernobyl shocked the world

TRADE WARS
Exploring phosphorene, a promising new material

3D-printed foam proves more durable than traditional cellular materials

Augmented games can increase the diversity of sports

Speedy bridge repair

TRADE WARS
Plastic below the ocean surface

Patterns of glowing sharks get clearer with depth

Ireland edges closer to forming new government with deal on water charges

Obama to visit water crisis-hit Flint

TRADE WARS
Ancient tectonic activity was trigger for ice ages

New maps chart Greenland glaciers' melting risk

IceBridge Begins Eighth Year of Arctic Flights

Nansen gives birth to two icebergs

TRADE WARS
Halal: is it meat you're looking for? says China businessman

Study shows how to make fertilizer from sunlight

Junk food is fattening rural Chinese children: study

USU chemists shed new light on global energy, food supply challenge

TRADE WARS
Seismologists ask: How close are we to an eruption?

Volcanoes tied to shifts in Earth's climate over millions of years

Accounting for volcanoes using tools of economics

Preparations for a US west coast tsunami look to the past and future

TRADE WARS
Nigeria, France step up joint fight against Boko Haram

Back to the future as S.Sudan's old rivals 'end war', again

Kenya readies to torch tusks in bid to stamp out ivory trade

UN pushes South Sudan to quickly form unity government

TRADE WARS
Chimp study explores the early origins of human hand dexterity

Toward quieting the brain

Shining light on brain tumors

Researchers can identify you by your brain waves with 100 percent accuracy









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.