The creator of Bitcoin’s name is Satoshi Nakamoto. There’s only one problem. — no one knows who Satoshi Nakamoto is. Are they a man or woman? One person or a group of people? It seems whoever created the world’s premier cryptocurrency wished to remain anonymous. However, many people publicly claim to be Satoshi.
One man who claims to be the creator of Bitcoin has just won a key US court case, preventing him from having to pay tens of billions of dollars in Bitcoin to a former business partner.
In a 2016 blog post, Australian computer scientist Craig Wright hinted he was Satoshi Nakamoto. Many in the crypto world are suspicious of Wright’s claim to fame, partly because he has transferred none of Satoshi’s early Bitcoin. But what do you think, could Craig Wright potentially be the creator of Bitcoin?
Wright won a civil lawsuit on Monday versus the family of his late business partner David Kleiman. Half of Satoshi’s 1.1 million bitcoins, valued about $54 billion, were on the line. The estate also claimed ownership of early blockchain technology’s intellectual property.
The prosecution claimed that Kleiman and Wright were co-creators of Bitcoin, giving him half of Satoshi’s alleged riches. A federal jury sided with Wright and denied Kleiman’s estate any of the bitcoin.
The secrecy surrounding bitcoin’s origins is one reason why this legal dispute received so much attention. Everybody wants to know, just who is Satoshi Nakamoto?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.