An Australian entrepreneur has publicly identified himself as Bitcoin creator Satoshi Nakamoto.

Ankush Chibber
Ankush is a journalist hailing from India, who has edited and written for publications in his home country, the UAE, US, and UK. Previously the editor of Gulf Business in Dubai and of Entrepreneur in India, Ankush is a keen student of economics, a follower of Manchester United since 1996 and a disciple of Archer.

An Australian tech entrepreneur has identified himself as Bitcoin creator Satoshi Nakamoto, the BBC is reporting, ending years of speculation about who came up with the original ideas underlying the crypto-currency.

According to the report, Australian Craig Wright has provided technical proof to back up his claim and prominent members of the Bitcoin community and its core development team have also confirmed Wright’s claim.

Wright has revealed his identity to three media organisations – BBC, The Economist and GQ – while also holding them hostage to

According to the BBC,  Wright digitally signed messages using cryptographic keys created during the early days of Bitcoin’s development, which are inextricably linked to blocks of bitcoins known to have been created or “mined” by Satoshi Nakamoto.

“These are the blocks used to send 10 bitcoins to Hal Finney in January [2009] as the first bitcoin transaction,” said Wright during his demonstration, who added that cryptographer Hal Finney was one of the engineers who helped turn Wright’s ideas into the Bitcoin protocol.

“I was the main part of it, but other people helped me,” he said, adding that he planned to release information that would allow others to cryptographically verify that he is Satoshi Nakamoto.

Wright said that by going public he hopes to put an end to press speculation about the identity of Satoshi Nakamoto.

Many publications have previously seeked the man behind Bitcoin, and in December 2015, two magazines, Wired and Gizmodo, named Wright as a candidate after receiving documents believed to be stolen from him that revealed his involvement with the project.

Authorities in Australia raided the home of Wright right after, adding that the raid was linked to a long-running investigation into tax payments rather than Bitcoin.

Questioned about this raid, Wright said he was cooperating fully with the authorities and that lawyers negotiating with them over how much he has to pay.

“There are lots of stories out there that have been made up and I don’t like it hurting those people I care about,” he said. “I don’t want any of them to be impacted by this.”

“I have not done this because it is what I wanted. It’s not because of my choice,” he said, adding that he had no plans to become the figurehead for bitcoins.

“I really do not want to be the public face of anything,” he said, expressing regret that he had been forced to reveal his identity.

“I would rather not do it,” he said. “I want to work, I want to keep doing what I want to do. I don’t want money. I don’t want fame. I don’t want adoration. I just want to be left alone.”

There currently about 15.5 million bitcoins in circulation. Each one is worth about $449 (£306). Satoshi Nakamoto is believed to amassed about one million Bitcoins which would give him a net worth, if all were converted to cash, of about $450 milliom.

Read original story here.

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