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Alleged Bitcoin Creator Raided By Australian Authorities (arstechnica.com)

wbr1 writes: As reported yesterday, Wired and Gizmodo think Bitcoin inventor Satoshi Nakamoto is actually Australian businessman Craig Wright

Now, Craig Wright has been raided by Australian police. Curiously, a statement from the Australian federal police said that the raids were not related to the recent Bitcoin revelation. "The AFP can confirm it has conducted search warrants to assist the Australian Taxation Office at a residence in Gordon and a business premises in Ryde, Sydney. This matter is unrelated to recent media reporting regarding the digital currency bitcoin." Supposedly not related, but interesting nonetheless.

Reuters adds,"At Wright's rented home, a modest brick house in the leafy middle class suburb of Gordon, three police workers wearing white gloves could be seen searching the garage, which contained gym equipment. A man who identified himself as the owner of the house, Garry Hayres, told Reuters that Wright and his family had lived there for a year, and were due to move out on Dec. 22 to move to Britain. Hayres said that Wright had a 'substantial computer system set-up' and had attached a 'three-phase' power system to the back of the house for extra power."

3 of 181 comments (clear)

  1. Re: You'd be raided too by pla · · Score: 3, Informative

    Kinda makes me wonder about that initial founding block of bitcoins that has never been used

    BTC clients don't allow transactions against the genesis block (#0). Originally this resulted naturally from the the way the client inserted transactions into the local database (often called a bug, but possible done by design to address exactly what you ask); Newer versions handle it as an explicitly disallowed transaction (and even if you rolled your own version that allowed it, no other clients would honor it).

    So no, gaining control of Satoshi's private keys couldn't compromise the blockchain; they could at best spend his BTC starting from block #1.

  2. Re:Three-phase power by Z00L00K · · Score: 3, Informative

    3-phase is a lot more common outside the US than in the US.

    When you run 3-phase you have 230-240 V to ground, but about 400V between the phases. If it had been a 2-phase system then it would be almost 500V.

    Many residential dwellings in Scandinavia actually runs 3-phase 400V, even 2 and 3 room apartments. And many appliances are available in more variants in 3-phase than in 1-phase.

    Another reason for running 3-phase is that you will lower the current through the neutral wire causing less problems with ground currents.

    And then we have the Norwegian 3-phase system with 230V between the phases and no neutral. But there's a historical reason for that - Norway have a lot of ground with high resistance where a neutral/ground wire don't work well.

    --
    If builders built buildings the way programmers wrote programs, then the first woodpecker would destroy civilization.
  3. Re:Why? by PRMan · · Score: 3, Informative

    I think they have value for EXACTLY the reason of your last statement. They solve a real problem, that of who can control your money.

    --
    Peter predicted that you would "deliberately forget" creation 2000 years ago...