Bitcoin founder’s true identity remains unproven after court battle
Bitcoin’s origins have always been a bit of a mystery. Though it’s used by more than 100 million people worldwide and is considered the top cryptocurrency in the world by market value, the true identity of Bitcoin’s creator, or creators, has never been officially proven — they are known only by the pseudonym “Satoshi Nakamoto”.
The mystery is no closer to being solved after a man who claims to be the inventor of Bitcoin just won a major U.S. course case, saving him from paying a former business partner tens of billions in Bitcoin and revealing his ties to the influential digital cash system in the process.
In a 2016 blog post, Australian entrepreneur Craig Wright implied that he was the famed Satoshi Nakamoto. This claim has been generally met with skepticism in the crypto community since the founder’s stake, 1.1 million Bitcoin, worth about $66.7 billion Canadian, has never been used and Wright has never been able to convincingly and publicly prove his claims.
How could he prove he’s the crypto OG? Since Bitcoin is public, all he would have to do is move a small fraction of his original coins into a separate account to prove ownership — something he has yet to do.
In the trial, Wright was facing claims that he owed half of his Bitcoin fortune to the family of David Kleiman, his deceased business partner. The jury found that Wright didn’t owe the money to the family. However, he was ordered to pay $100 million in intellectual property rights to a joint venture between the two men.
There is still hope we will soon know for certain whether Wright is who he says he is. During the trial, Wright promised to prove he was Bitcoin’s creator and donate much of his crypto fortune to charity if he won the case.
For now, we’ll just have to wait to see if he follows through on that promise.
Want to buy some Bitcoin of your own? Join Canada’s Hubkoin, the crypto destination of investors. All you need is an account to start buying and trading Bitcoin and other cryptocurrencies.
While there are a lot of crypto exchanges out there, Hubkoin stands out from the rest, as it is designed to encompass both trading and education together. Hubkoin also vows to offer the best possible service for the lowest possible cost.