Australian Academic Admits He is Bitcoin Creator

Australian entrepreneur Craig Steven Wright identified himself as the bitcoin creator nearly five months after he had been outed by media in reports as the man who was behind the popular virtual currency.

Wright in an interview and a blog post said he had developed the original software for the bitcoin under the Satoshi Nakamoto pseudonym.

Wright provided evidence, including the first encryption keys, that were confirmed by well respected members of the community of bitcoin, said an international newspaper.

Wright was named the creator of the bitcoin by Gizmodo and Wired back in December, which brought him what he called unwanted attention to his family and his current work.

A white paper about the virtual currency in 2008 was released under the Nakamoto name detailing the concept behind the electronic peer-to-peer cash prior to the software being rolled out in the early part of 2009.

A few other people had been identified previously as the original bitcoin creator.

Wright told an interviewer that some people would not believe him, while some will, but that he did not care. He added that he was not looking for money and did not seek out any fame or adoration. He concluded that he just wanted to be left alone.

Prior to Monday, Wright remained silent about the reports in December that cited different e-mails, deleted posts on blogs and documents. He revealed as well himself as the creator of bitcoin to GQ and the Economist magazines.

The evidence provided by Wright did not dispel every doubt completely about his claiming to be the real Nakamoto, according to an article by the Economist.

That magazine said that Wright had not definitively showed he controlled the original stash of bitcoin that was suspected to be owned by the unknown Nakamoto.

Wright has a potential interest personally in influencing a debate within the community and claiming he is the true Nakamoto would help to strengthen that argument said the magazine.

The libertarian roots of Bitcoin, with no centralized authority to carry out the issuing and a ledger open to the public to verify transactions, has become closer to being mainstream with the adoption by merchants across the globe.

The currency’s underlying technology has drawn interest as well from banks including Citigroup and Goldman Sachs.

In December when reports first identified Wright, he lived in a modest home in Gordon a suburb of Sydney.

He has a number of college degrees and worked for a period as a chef.

He was listed in his now deleted profile on LinkedIn as the CEO at DeMorgan Ltd, a company that researched bitcoin, proposed the first bank for the virtual currency and offers exchange and wallet services.

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