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Craig Wright Claims He's Satoshi Nakamoto, the Creator Of Bitcoin

Australian entrepreneur Craig Wright has put an end to the years-long speculation about the creator of Bitcoin. In an interview with the BBC, The Economist (may have a paywall), and GQ, Wright claimed that he is indeed the person who developed the concepts on which Bitcoin cryptocurrency is built. According to the BBC, Mr. Wright provided "technical proof to back up his claim using coins known to be owned by Bitcoin's creator." Wright writes in a blog post: [A]fter many years, and having experienced the ebb and flow of life those years have brought, I think I am finally at peace with what he meant. If I sign Craig Wright, it is not the same as if I sign Craig Wright, Satoshi[...] Since those early days, after distancing myself from the public persona that was Satoshi, I have poured every measure of myself into research. I have been silent, but I have not been absent. I have been engaged with an exceptional group and look forward to sharing our remarkable work when they are ready. Satoshi is dead. But this is only the beginning. According to Wright's website, he is a "computer scientist, businessman and inventor" born in Brisbane, Australia, in October 1970. Some have questioned the authenticity and relevance of the "technical proof" Wright has provided. Nik Cubrilovic, an Australian former hacker and leading internet security blogger, wrote, "I don't believe for a second Wright is Satoshi. I know two people who worked with Wright, characterized him as crazy and schemer/charlatan." Michele Spagnuolo, Information Security Engineer at Google added, "He's not Satoshi. He just reused a signed message (of a Sartre text) by Satoshi with block 9 key as 'proof.'"

24 of 147 comments (clear)

  1. If he were, why isn't he using the money? by JoshuaZ · · Score: 4, Insightful

    The real Satoshi Nakamoto is worth at minimum around a half a billion dollars.

    1. Re:If he were, why isn't he using the money? by arth1 · · Score: 5, Informative

      The real Satoshi Nakamoto is worth at minimum around a half a billion dollars.

      That would assume that selling that many bitcoins and adding them to the actively traded pool would not cause a significant inflationary depreciation.
      Even if done slowly, it would have a significant effect. There's no way to hide the infusion, no matter how slowly it is done, because the records are by design open.

    2. Re:If he were, why isn't he using the money? by istartedi · · Score: 4, Interesting

      Those BTC may be worth that much at today's prices; but you can't sell out without crashing the market. There are, however, probably some established exit strategies for this kind of thing. He could, at the very least, have small planned sales and provide himself with a steady income without putting too much price pressure on the currency, adjusting the sales from time-to-time if it were causing prices to move in an undesirable direction. Ironically, that would be a lot like what the Fed does.

      --
      For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
  2. No, I am Spartacus! by 14erCleaner · · Score: 4, Funny

    -- digital signature follows jsdflkjjqweoieuwqeohglasjflksadjflqwjeer23492dlkfndvsjoiqeeut

    --
    Have you read my blog lately?
  3. Bitcoin creator by Junta · · Score: 4, Funny

    I know two people who worked with Wright, characterized him as crazy and schemer/charlatan

    How does this make him *not* a candidate for being the creator of BitCoin? To me that just seems to reinforce his claim.

    --
    XML is like violence. If it doesn't solve the problem, use more.
    1. Re:Bitcoin creator by ShanghaiBill · · Score: 4, Funny

      Yup, that's the best new pyramid scheme that was created since the beginning of time! :D

      No, the greatest pyramid schemer was Khufu.

  4. But he IDENTIFIES as Satoshi by NotDrWho · · Score: 3, Funny

    And we must respect that, or liberals will boycott us.

    --
    SJW's don't eliminate discrimination. They just expropriate it for themselves.
    1. Re:But he IDENTIFIES as Satoshi by halivar · · Score: 3, Funny

      Nope. It's cultural appropriation. Off to diversity training with you!

    2. Re:But he IDENTIFIES as Satoshi by 110010001000 · · Score: 2, Funny

      Please stop with your microagressions.

    3. Re:But he IDENTIFIES as Satoshi by halivar · · Score: 2, Funny

      No, he's right. We violated AC's safe space. We should be ashamed.

  5. Already debunked by Troed · · Score: 5, Informative

    So the big news of the day is that Bitcoin's creator has stepped forward.

    Let's nip it in the bud. No, he has not. A con man who was already outed half a year ago has made an elaborate stunt to try to convince people he's Satoshi. The stunt was quickly debunked.

    For the technically minded: A cryptographic signature of text A will not be the same as the signature of text B, even if you use the same key. The signature Craig Wright claims is of text B has been found to be a known signature in the Bitcoin blockchain of text A.

    Craig Wright is not Satoshi Nakamoto.

    He's a con man: https://news.ycombinator.com/i...
    Re-used signature: https://www.reddit.com/r/Bitco...

    1. Re:Already debunked by shawn2772 · · Score: 4, Insightful

      The real Satoshi could trivially and indisputably prove his identity: Sign some message generated today with the key used to sign the genesis block.

      You know what would be awesome? To have an anonymous message show up on some online forum that says "Craight Wright is not Satoshi, and the May 2, 2016 opening prices of AAPL, INTC, GOOG and MSFT were $93.96, $30.45, $697.63 and $50.00, respectively", signed with the Bitcoin block 0 key.

  6. Re:Thanks For Nothing by GrumpySteen · · Score: 5, Funny

    Just how much energy has been wasted mining bitcoins over the years.

    Probably less than one billionth of the amount of energy that's been used to view porn on the internet over the same period of time.

  7. No, I am Spartacus! by MrKaos · · Score: 2

    -- digital signature follows jsdflkjjqweoieuwqejhgsaljkhgdlakjshdbn23492dlkfndkjhsadkjh --

    --
    My ism, it's full of beliefs.
  8. Re:Any day now! by Anonymous Coward · · Score: 2, Funny

    Glad we're still talking about this pointless, shitty technology from 2009. What's next, we'll be Waving each other about the stuff we found on Bing?

    Hey, check out this new Nickelback song on my Zune!

  9. That is not Satoshi by Anonymous Coward · · Score: 2, Interesting

    I've worked with Mr. Nakamoto before, and this fraud isn't it. Why people are so attracted to the spotlight they pull retarded stunts like this is something I will never understand.

  10. He certainly doesn't know much about SHA-256 by kill-1 · · Score: 5, Interesting

    In his blog post, he writes:

    "The SHA256 algorithm provides for a maximum message size of (2^128 - 1) bits of information whilst returning 32 bytes or 256 bits as an output value. The number of possible messages that can be input into the SHA256 hash function totals (2^128 - 1)! possible input values ranging in size from 0 bits through to the maximal acceptable range that we noted above."

    There are two obvious errors in this paragraph. The maximum message size of SHA-256 is (2^64 - 1) bits and the total number possible input messages is (2^(2^64) - 1). I doubt that the inventor of Bitcoin would make such fundamental mistakes.

    1. Re:He certainly doesn't know much about SHA-256 by Thud457 · · Score: 5, Funny

      Ah, but aren't those just the kind of blatant mistakes Satoshi would make if he wanted to convince the world that he isn't Craig Wright?
      What better way to protect your anonymity than jump in the spotlight and play the buffoon so everybody ignores you?
      This guy's subtle.

      --

      the preceding comment is my own and in no way reflects the opinion of the Joint Chiefs of Staff

  11. Re:Thanks For Nothing by Aaden42 · · Score: 2

    How much energy has been wasted (and human life lost) mining a certain yellow metal out of the Earth? Granted gold has some practical use in manufacturing & electronics, but not so much that it justifies the inflation of its value caused by using it as money. Both gold and Bitcoin are valuable (or not) primarily because people believe in their value and because their supply is limited.

    As far as I know, nobody ever died mining Bitcoin.

  12. Re:I'm... by wonkey_monkey · · Score: 2

    I'm Satoshi Nakamoto, and so's my wife!

    --
    systemd is Roko's Basilisk.
  13. Re:The simplest proof by Lord+Bitman · · Score: 4, Interesting

    The simplest proof would be to sign a message from the owner of the "genesis block".

    Craig Wright pretended to do this, but actually copied&pasted a random signature from an early transaction, proving only that he's trying to commit fraud

    --
    -- 'The' Lord and Master Bitman On High, Master Of All
  14. Re:Thanks For Nothing by quenda · · Score: 4, Insightful

    Just how much energy has been wasted mining bitcoins over the years. This guy, and anyone that uses Bitcoin, is a drain on society and resources.

    You could say exactly the same thing about gold. And more: the countless lives that have been lost digging gold out of the ground, only to have most of it sit in vaults. At least we don't have mine collapses and typhoid epidemics in the bit-coin mining camps.

  15. Re:Any day now! by OakDragon · · Score: 5, Funny

    Hey, check out this new Nickelback song on my Zune!

    That reminds me of a funny thing one of my co-workers said about his Zune (this was almost 10 years ago.)

    He was describing the features of the Zune in comparison with the iPod. One neat thing was, he said, that one Zune could "loan" a song to another Zune. (I think the song would last for 3 days then go *poof*.)

    I said, "Wow, that's pretty neat. How does that work?"

    He said, "I don't know... I haven't met anyone else with a Zune yet."

  16. Satoshi Nakamoto Lost the Key by rjstegbauer · · Score: 2

    Wouldn't it be really really funny if Satoshi Nakamoto *lost* his key to all of his bit coins?