Did an Australian Entrepreneur Create Bitcoin?
Earlier this week, both Wired and Gizmodo identified 45-year-old Australian entrepreneur Craig Steven Wright as the man behind the digital crypto-currency. Both sites point to a series of blog posts Wright made back in 2009 that refer to launching Bitcoin, as well as digital security keys that link Wright to Bitcoin’s earliest days. (Wright’s blog has since been taken down.)
One of those blogs, which was posted the before the Bitcoin was launched seems, at least to the layman, to put Wright in the running for, “Most-Likely-to-be-Satoshi” stated simply that he was going, “…launch Bitcoin tomorrow.”
Wright, who owns several Bitcoin related businesses, allegedly had help in the massive project from an American named Dave Kleiman. Kleinman, who died from a blood infection in 2013.
In an unrelated twist, early on Tuesday morning, Australian financial regulators raided Wright’s Golden Coast home. They haven’t said what they’re looking for if it’s related to his involvement with Bitcoin. (Bitcoin, it should be noted, are not illegal and inventing them would not, on it’s own, be enough to warrant a no-knock raid.)
If Wright is, in fact, the father of the Bitcoin he’s also a very rich man. It’s long been known that whoever invented the digital currency has somewhere in the neighborhood of 1,000,000 of the first Bitcoin produced. At current trading prices, that would put Satoshi’s (Wright’s) personal fortune at right around $400,000,000 (USD).
Though all signs seem to point towards Wright at the father of Bitcoin, this isn’t the first time the media has jumped on a potential Satoshi. In early 2014, Newsweek was embarrassed after the person its reporters thought was the inventor of Bitcoin turned out to be an unemployed engineer who was just looking for a free lunch.