An Australian man went on trial in London this week over his claims of inventing bitcoin — not the first time someone has been linked to being the cryptocurrency’s enigmatic creator.
Computer scientist Craig Wright, 53, says he is “Satoshi Nakamoto,” the pseudonym of bitcoin’s creator and author of a white paper that introduced the cryptocurrency to the world in 2008.
He is being sued by cryptocurrency activists who say he has lied and forged documents in his attempts to pretend he is bitcoin’s founder.
Photo: AFP
Bitcoin saw its popularity skyrocket to become the largest cryptocurrency, and now has a market capitalization of US$880 billion, pricing data site CoinGecko showed.
However, after collaborating with fellow developers to finesse the code, the mysterious Satoshi disappeared from the radar in about 2011. Multiple theories have since emerged regarding his identity:
Hal Finney
US developer and cryptographer Hal Finney was the first person to receive the virtual unit, when Satoshi himself sent him 10 bitcoins as a test.
However, in October last year, the theory that Finney was in fact Satoshi was discredited by a high-profile blogger in the crypto community.
The amateur sleuth said he unearthed evidence suggesting that Finney, who died in 2014, was taking part in a running race at a time when Satoshi had been answering e-mails and carrying out bitcoin transactions, thereby ruling him out.
Dorian Nakamoto
Japanese-American engineer Dorian Nakamoto was among the first to be suspected of shaking up the world of currency, following a report in 2014 by Newsweek magazine that he was behind the digital token.
“I am no longer involved in that and I cannot discuss it. It’s been turned over to other people. They are in charge of it now. I no longer have any connection,” he was quoted as saying by Newsweek.
He has since denied being Satoshi Nakamoto.
Back in 2012, bitcoin’s shadowy creator had claimed to be a 37-year-old man living in Japan, according to a profile posted online. Yet critics cast doubt on this hypothesis, citing Satoshi Nakamoto’s excellent English and typically British turns of phrase.
Nick Szabo
Szabo, a US computer scientist of Hungarian origin, was among the early adopters of decentralized cryptocurrencies and was named by a blogger in 2013 as a possible candidate to have created bitcoin.
However, industry insiders argue that there is no tangible proof that he is Satoshi, beyond circumstantial evidence.
Craig Wright
Wright has been on trial this week at London’s High Court, with proceedings expected to last until mid-March.
The enigmatic Australian programmer describes himself on X as “Creator of Bitcoin” and insists he has the required skills and knowledge to have invented it.
Crypto Open Patent Alliance (COPA), a non-profit organization set up to keep cryptocurrency technology free from patents, is suing Wright over his claims first made in 2016.
COPA accuses Wright, nicknamed “Faketoshi” by detractors, of lying about his identity and of forging and manipulating documents.
Wright has been involved in a number of lawsuits brought by himself, but this time around is being asked to defend himself.
Elon Musk
The richest man in the world has also been in the frame, after a former intern at his SpaceX company wrote a series of articles speculating that Satoshi was in fact Musk.
The ex-intern, writing on Medium Web site, claimed the billionaire uses similar language and expressions to those given by Satoshi, adding that a close colleague of Musk seemed too embarrassed to discuss it.
However, tech-savvy Musk rejected the allegations in late 2017 in the face of such meager evidence.
Uncertainty prevails
Despite feverish speculation, uncertainty reigns supreme.
Some commentators argue that a work of such scope and complexity as bitcoin could only be the work of a group of people, rather than a single developer.
Others say that it is highly likely the real Satoshi Nakamoto is either dead — or wishes to preserve the integrity of bitcoin’s collective ethos by maintaining his own anonymity.
Satoshi Nakamoto meanwhile still possesses about 980,000 bitcoins, according to industry researcher Sergio Lerner.
If the bitcoin king is alive, and decides to cash in, that could potentially crash the cryptocurrency because they are together worth about US$44 billion at current prices.
Vincent Wei led fellow Singaporean farmers around an empty Malaysian plot, laying out plans for a greenhouse and rows of leafy vegetables. What he pitched was not just space for crops, but a lifeline for growers struggling to make ends meet in a city-state with high prices and little vacant land. The future agriculture hub is part of a joint special economic zone launched last year by the two neighbors, expected to cost US$123 million and produce 10,000 tonnes of fresh produce annually. It is attracting Singaporean farmers with promises of cheaper land, labor and energy just over the border.
US actor Matthew McConaughey has filed recordings of his image and voice with US patent authorities to protect them from unauthorized usage by artificial intelligence (AI) platforms, a representative said earlier this week. Several video clips and audio recordings were registered by the commercial arm of the Just Keep Livin’ Foundation, a non-profit created by the Oscar-winning actor and his wife, Camila, according to the US Patent and Trademark Office database. Many artists are increasingly concerned about the uncontrolled use of their image via generative AI since the rollout of ChatGPT and other AI-powered tools. Several US states have adopted
A proposed billionaires’ tax in California has ignited a political uproar in Silicon Valley, with tech titans threatening to leave the state while California Governor Gavin Newsom of the Democratic Party maneuvers to defeat a levy that he fears would lead to an exodus of wealth. A technology mecca, California has more billionaires than any other US state — a few hundred, by some estimates. About half its personal income tax revenue, a financial backbone in the nearly US$350 billion budget, comes from the top 1 percent of earners. A large healthcare union is attempting to place a proposal before
KEEPING UP: The acquisition of a cleanroom in Taiwan would enable Micron to increase production in a market where demand continues to outpace supply, a Micron official said Micron Technology Inc has signed a letter of intent to buy a fabrication site in Taiwan from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion to expand its production of memory chips. Micron would take control of the P5 site in Miaoli County’s Tongluo Township (銅鑼) and plans to ramp up DRAM production in phases after the transaction closes in the second quarter, the company said in a statement on Saturday. The acquisition includes an existing 12 inch fab cleanroom of 27,871m2 and would further position Micron to address growing global demand for memory solutions, the company said. Micron expects the transaction to
RSS