Is Craig Wright Satoshi Nakamoto | The Bitcoin Creator?

Is Craig Wright Satoshi Nakamoto

Photo credit: News.Bitcoin.com.

Is Craig Wright Satoshi Nakamoto? - The Australian businessman, Craig Wright, on May 2nd, 2016,  publicly identified himself as Satoshi Nakamoto, the creator of the crypto currency - bitcoin.

As part of Wright's proof, he signed a message using the private key associated with the first bitcoin transaction ever made..

Wright has provided some sort of cryptographic proof which convinced two of the people who originally communicated with Satoshi Nakamoto before he disappeared in early 2011.

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The announcement drew a lot of attention from the media and bitcoin community alike. Some say that it is just a publicity stunt, and other say that this will be a major step forward for bitcoin and cryptocurrency as a whole.

The truth is we don’t really know yet. What we do know is that if Wright’s claim is true then that will help Bitcoin greatly.

How did the media react to Craig Wright claim?

When Craig Wright, the Australian academic, has claimed to be the man behind the pseudonym Satoshi Nakamoto, creator of Bitcoin, the news was noticed by nearly all major media outlets.

Some were skeptical, others took it as an opportunity to explore the possible implications of this revelation. The staff writer of TheRegister.com -  has summarized some of the most interesting ones here: https://www.theregister.com/2016/05/05/bitcoin_craig_wright/

What do this Craig Wright claim mean for Bitcoin?

Bitcoin has been around for almost a decade now. It was introduced as open-source software in 2009, and it didn’t take long before word about the cryptocurrency spread around the world.

In those early years of its existence, bitcoin was a tool whose use was mainly restricted to a community of computer geeks and cypherpunks.

But as time went by, more and more people have started using it as a legitimate currency, and the number of users is on an upward trend.

The main feature of Bitcoin is its decentralized nature. There is no central authority or bank that dominates its network.

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This Craig Wright claim will act as a solid foundation for the Bitcoin to skyrock. I think so. What do you think? Drop it in the comment section below.

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