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Wired Thinks It Knows Who Satoshi Nakamoto Is (wired.com)
An anonymous reader writes: In a lengthy exposé, Wired lays out its case that Bitcoin inventor Satoshi Nakamoto is actually Australian businessman Craig Wright. As evidence, Wired cites leaked communications and posts on Wright's blog from 2008 and 2009 establishing a connection between him and the launch of Bitcoin. Wright is also known to have amassed a significant Bitcoin fortune early on. Wired tried to contact Wright and got some perplexing responses, and they admit that it could all be a (long and extremely elaborate) hoax. But hours after publishing, Gizmodo followed up with the results of their own investigation, which came to the conclusion that Satoshi is a pseudonym for two men: Wright and Dave Kleiman, a computer forensics expert who died in 2013. After questioning (read: harassment) from both publications, Wright seems to have withdrawn from public comment. Regardless, both articles are quite detailed, and it will be interesting to see if the leaked documents turn out to be accurate.
I do. BTC is gaining a lot of traction as the defacto digital currency standard, and we have no idea who's behind it. Bitcoin is a solid design and has survived a lot of scrutiny so far, but imagine what would happen if we found out that the design was introduced by, say, the NSA.
That would be irrelevant. Who created the Bitcoin system, be it a Satoshi or an NSA, is at best a historical piece of information. Bitcoin is an open design and its code open source, free to be analyzed by anyone who has an interest. It is not controlled by its creator.
Then don't use Bitcoins if you don't accept the risk. It's super easy.
What risk? There is little risk in using bitcoins. Convert USD/EUR/etc to BTC, transfer BTC, convert BTC to USD/EUR/etc. *Use* does not have to involve risk.
Holding bitcoins does involve risk, just like holding any other speculatively priced asset. However many users of bitcoins do not hold them. For example merchants accepting bitcoins for payment. They contract with 3rd party payment processors to do real-time "currency conversion" for BTC pricing (so products and services only need to be priced by merchants in USD/EUR/etc), payment processing and delivering the originally specified USD/EUR/etc to merchants. Merchants never see or touch a bitcoin despite the buyer making payment using bitcoin.
At 1:30pm today, Australian Police raided the home of Craig Wright.
http://www.theguardian.com/technology/2015/dec/09/bitcoin-founder-craig-wrights-home-raided-by-australian-police
Just an hour ago police raided his place, more than 10 officers... But rest assured people, this is only related to an ATO investigation and has nothing to do with him being suggested to be the Bitcoin master mind. The ATO always have such a strong task force in Australia, regardless of the recent massive lay offs and the fight over the rich dodging tax for years (we just passed a bill that allowed the richest Australian's to hide their tax information due to threat of kidnapping, of which our law enforcement agency never got consulted on and there has never been a kidnapping attempt made).
There is a war going on in Australia over the need to overhaul our tax codes as more and more details of rich companies and people paying NO tax on billions of profit each year. The ministers swore at the G20 to go after them and then the next week quietly sacked a large minority of ATO works and cut their budget to pathetic levels. Then passed laws to protect the rich from being revealed.. But NOW we have a 10+ raid performed on a barely billionaire who was only just outed as the creator of Bitcoin and we have an international attach on encryption with Australia being a part of the five eyes group... Yeah no connection at all there, they will trump this as going after the rich and the bulk of citizens will cheer.
Ya, and he got fucking raided as a result! http://www.rawstory.com/2015/1...