Is the Bitcoin Mystery finally solved ?


Craig Steven Wright, a computer entrepreneur from Australia, told the BBC, The Economist and GQ magazine today that he created Bitcoin.Bitcoin as we know it is a digital asset and a payment system invented by Satoshi Nakamoto in 2009. And it went on to be acclaimed as the first decentralized digital currency. Decentralized because it is unlike traditional currency, it is not distributed by any country’s central bank or backed by physical assets like gold, but are “mined” by users who use computers to calculate increasingly complex algorithmic formulas. It is as of today the largest of its kind in terms of total market value.

Given unique nature of the currency it has been always a source of great mystery as to who was behind it and finally with Mr Wright coming forward there could be finally a conclusive end to all the speculations . As per news release he quoted
“..I didn’t take the decision lightly to make my identity public, and I want to be clear that I’m doing this because I care so passionately about my work and also to dispel any negative myths and fears about Bitcoin and the blockchain.”

His admission was acknowledged by BBC and GQ however the Economist still remains skeptical. The BBC in its report mentioned that Mr Wright provided a technical proof to back up his claim using coins known to be owned by Bitcoin’s creator Satoshi Nakamoto. Also as per the admissions to BBC of cryptographer Hal Finney and economist Jon Matoni, two people closely involved with Bitcoin believe that Wright’s claim is accurate.

Through various Documents accessed by Gizomodo in late 2015 which linked Wright to Bitcoin, along with his public admission and a demonstration of technical proof, all of it seems as the most compelling evidence so far about the true identity of Satoshi Nakamoto. But as the Economist puts it that he “could well be Mr Nakamoto, but that important questions remain. Indeed, it may never be possible to establish beyond reasonable doubt who really created bitcoin.”
And to further keep the skepticism alive Mr Wright has refused to tell The Economist where the name “Satoshi” comes from, explaining that “some things should remain secret.” Has the mystery finally being solved or there will be more people who might come out to stake the claim of being Satoshi Nakamoto is still to be seen as the story unfolds in the days ahead. One can only hope that ” Has the Real Mr Satoshi Nakamoto finally stood up”