Australian businessman says he created Bitcoin

Craig White says he is the creator of Bitcoin
(Image credit: BBC News)

On Monday, Craig Wright released evidence purporting to prove that he is "Satoshi Nakamoto," the pseudonymous inventor of digital currency Bitcoin. Wright, an Australian computer scientist and entrepreneur, told BBC News and The Economist that he was coming forward reluctantly. "I have not done this because it is what I wanted," he told BBC News. "It's not because of my choice." Wired and Gizmodo claimed Wright was the Bitcoin founder in December, though there has been a history of mispointed fingers: A March 2014 report in Newsweek wrongly identified Dorian S. Nakamoto, a California physicist, as the Bitcoin founder.

Along with the BBC and The Economist, Wright shared his evidence beforehand with GQ. It includes digital coins that only Satoshi Nakamoto would have, including "blocks used to send 10 Bitcoins to Hal Finney in January [2009] as the first Bitcoin transaction," Wright said, referring to a renowned cryptographer he says helped turn Bitcoin into reality. "I was the main part of it, but other people helped me," he added. BBC News spoke with Bitcoin experts who believe that Wright really is Nakamoto, but The Economist is a little skeptical.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.