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BBC unmasks the man behind bitcoin

Update Date:2018-8-10 17:26:23     Source:www.3737580.com     Views:344

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AUSTRALIAN tech entrepreneur Craig Wright has told the UK’s state TV broadcaster that he is the creator of controversial digital currency bitcoin, but some skepticism remains about the identity of a person who until now has gone by the name of Satoshi Nakamoto. 

 

The BBC reported yesterday that Wright gave some technical proof he had access to blocks of bitcoins known to have been produced by the digital currency’s creator.

Unmasking Nakamoto could be significant for the future of the bitcoin, which has attracted the interest of banks, speculators, criminals and regulators. Researchers believe Nakamoto might be holding up to 1 million bitcoins, worth about US$440 million, and that the price of the cryptocurrency could plunge if that was to be unloaded.

Wright declined requests from The Economist to provide further proof he was Nakamoto.“Our conclusion is that Mr Wright could well be Mr Nakamoto, but that important questions remain,” the magazine said, adding “it may never be possible to establish beyond reasonable doubt who created bitcoin.”

The BBC said members of the bitcoin community had confirmed Wright’s claim.

But the market cap has retreated since then, to about US$7 billion currently. Bitcoin fell more than 3 percent after news of Wright’s claims, from US$454.89 to below US$440, before recovering slightly.

Wright told The Economist he would exchange bitcoin slowly to avoid pushing down its price.

“If Mr Wright is in possession of Satoshi’s original nearly 1 million bitcoins, he will be for sure closely watched by investors trying to guess his future moves,” said Tomas Forgac, who runs bitcoin startup Coin of Sale.

In December, police raided Wright’s Sydney home and office after Wired magazine named him as the probable creator of bitcoin. The treatment of bitcoins for tax purposes in Australia has been the subject of considerable debate. The Australian Tax Office ruled in December 2014 that crypto currency should be considered an asset, rather than a currency, for capital gains tax purposes.

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