Mystery solved: the creator of Bitcoin is an Australian 44 – Financial Journal

One of the biggest questions of the digital economy finally has an answer. The identity of the creator of the electronic currency Bitcoin was revealed

When a research paper where the basics of this coin were explained was published in 2009, nothing was known of its creator, except his pseudonym.: Satoshi Nakamoto.

Finally yesterday the BBC revealed that the creator of the most important global virtual currency is Craig Wright, an Australian entrepreneur of 44 years.

in the interview with the middle English, Wright said the father of Bitcoin. “Some people are going to believe me, others do not. Honestly, I do not care “. A journalist’s question about whether he is Satoshi Nakamoto, he replied that “I am the most of it. Others also helped me “.

Test

To support his version, Wright presented some evidence, including the codes of the first transaction. “These are the blocks used to send 10 bitcoins to Hal Finney in January (2009), the first transaction with bitcoins” he said.

In December 2015, he was arrested by Australian police and recorded his home. At that time, the Wired and Gizmodo publications said they had access to private correspondence between Wright and an American colleague, Dave Kleiman, who proved their relationship in the creation of digital currency, slogan Expansion.

the bitcoin is a virtual currency encrypted based on open source software, with which anyone can work, and a system of P2P traffic. Since 2009, he has gone from just a few cents worth more than US $ 1,000 per unit four years later. Currently it is trading above US $ 400.

But what truly disruptive of this technology is that, unlike other currency, digital currency is not subject to the control of any government or central bank . Its price is set according to supply and demand, and is calculated using an algorithm that measures the amount of movements and transactions made with the currency in real time.

In theory, it is a virtual currency more. But, paradoxically, the big problem is the huge success that has garnered among users. It is estimated that bitcoin monopolizes 90% of transactions with virtual currencies and their influence has spilled over the barriers of the digital world. There are ATMs that change dollars or euros for bitcoins and more and more establishments that accept them as payment.

However, some doubt the version of Wright. The Economist is one of them. “Craig Wright says Satoshi Nakamoto be. Is it? “, Headlines. The average says that despite the evidence provided, check the veracity of the version will take time. “Mr Wright could be Nakamoto, but also might not be possible to secure it without any hesitation,” she says in its pages. 

evolution

Creation. In 2009 a research article where the basics of this are explained cryptocurrency was published. The author signed under the pseudonym Satoshi Nakamoto.

What is
. The bitcoin is a virtual currency encrypted based on open source software, with which anyone can work, and a system of P2P traffic.

growth. He went from just a few cents worth more than US $ 1,000 per unit in 2013. Currently, trading above US $ 400.

no control. The bitcoin is not subject to control by any government or central bank. Its price is set according to supply and demand, and is calculated using an algorithm that measures the amount of movements and transactions performed with real-time currency

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