In December 2015, Wired Magazine and Gizmodo carried two separate stories stating they can now reveal the identity of Satoshi Nakamoto. Satoshi Nakamoto is believed to be a person/group that invented bitcoin but used the pseudonym with their existence virtually unknown. The person in question was a University Professor from Australia, with all pointers and timelines showing that he was indeed Satoshi Nakamoto. In 2014, Bloomberg NewsWeek carried an erroneous story where they claimed Dorian Prentice Satoshi Nakamoto was the invent0r, a matter he vehemently denied. Since the invention of bitcoin in 2009, the world has been fixated on who exactly invented the crypto-currency.
Bitcoin is a global digital currency based on distributed computing instead of gold and banks. Bitcoin has evolved from a term for the nerds and geeks of the world with over $2 Billion transactions daily and over 400,000 businesses accepting the currency. It is particularly revered for its Block Chain technology. For those who are less familiar with the ins and outs of the currency, blockchain is a “general log of transactions” on which “you can see all transactions that have ever taken place or ever will take place.”
This past weekend, the Australian Professor, Craig Wright initially suspected as the openly acknowledged he is Nakamoto, putting the matter to rest. Wright further provided technical proof that he was in deed Nakomoto in an interview with GQ, the Economist and the BBC. The information was provided in disctinct lines of social, which detailed timelines, cryptography which detailed the early digital signatures used in the creation of initial bitcoins as well as technical detailing the resources marshaled to undertake the project. Still there are those who do not buy that he created the coin and seek more evidence. You can read Wright’s Blog post here offering in depth analysis of his journey.
Why are we repeating this hoaxes?