Crypto 101

Craig Wright Asserts He is Satoshi Nakamoto, but Did He Really Invent Bitcoin?




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Craig Wright

Craig Wright is an Australian computer whiz and entrepreneur. He is also the founder of NChain and the leader of BSV, a crypto asset that emerged after BCH forked. Wright has publicly declared that he is the real Satoshi Nakamoto on several occasions.

Satoshi Nakamoto is the alias for the individual or group of people that created bitcoin (BTC). However, despite his claims, the crypto community widely believes that Wright did not invent BTC.

Wright Has Been Caught Lying About Being Satoshi Nakamoto

Wright has been a controversial character in the crypto space for a long time. In a bid to convince the general public that he indeed created bitcoin, he posted an abstract of research titled ‘Black Net’. He claimed that he wrote the paper for the Australian government in 2001. The abstract was similar to bitcoin’s white paper, which Satoshi Nakamoto published in 2008.

Nonetheless, there was another rough copy of Nakamoto’s white paper, which was also published in 2008. When compared to the official white paper, the draft had corrections that were visible on Wright’s research paper too. This saw people question why there were corrections on both Black Net’s paper and bitcoin’s white paper. The general public concluded that Craig Wright published fake details to try duping people into believing he is Satoshi Nakamoto.

Satoshi Begins Suing People that Claim He is Not Satoshi

Despite being caught pants down, Wright did not stop claiming he invented bitcoin. His close associate, Calvin Ayre, recently tweeted that Wright had started suing anyone that claimed he is not Satoshi Nakamoto.

Ayre said,

Binance exchange delisted BSV from its platform two days ago. According to Changpeng Zhao, the CEO of Binance, the firm decided to delist the coin after Craig Wright and Calvin Ayre began suing individuals that denied Wright invented bitcoin. This news comes after Changpeng tweeted that Wright was not Satoshi and added Binance would delist BSV if the two figures persisted with their behavior. Following the delisting, BSV has lost more than 17% of its value.

The Bottom Line

Since bitcoin’s launch in 2009, the crypto community began searching for the real identity of Satoshi Nakamoto. Through the years, the press has associated a lot of people with the name. Their research came up with names such as Hal Finney, Dorian Nakamoto, and Nick Szabo among others. A decade later, no one has been able to unveil the real identity of Satoshi Nakamoto. Only time will tell whether the actual inventor of bitcoin will ever emerge.

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