Craig Wright and Satoshi Nakamoto scandal

Craig Wright and Satoshi Nakamoto scandal

The first global currency accepted by the world was released in 2009 via a cryptography mailing list. The currencies whitepaper entailed a system unlike any other, an enabler of financial freedom. The cryptocurrency was called Bitcoin. Bitcoin is a cryptocurrency backed by Blockchain, a technology allowing Bitcoin to act as an instant and secure payment option on a worldwide scale. Bitcoin started a revolution in which several thousands of currencies followed, some even forking from the first cryptocurrency. Although Bitcoin sparked a revolution, very little is known about the person who created it. All documents and accounts associated with the release of Bitcoin are signed by a Satoshi Nakamoto. Satoshi is the creator, they have chosen to stay anonymous for unknown reasons although many people have tried to steal the title of the creator, Craig Wright stands out as he’s been holding headlines for years. Craig Wright and Satoshi Nakamoto are said together in a satire sense by the cryptocurrency community. Craig first tried to claim ownership to Bitcoin back in 2015, when media sources released unverified articles about him. This had also happened to Darien S. Nakamoto, headlines called him the creator without any proof until he had to step forward and publicly say he was not. Craig had other plans in place, stating he could provide proof that he was, in fact, the renowned Satoshi. He offered documents with a digital signature as confirmation, this was quickly debunked by users as they noticed the altered format of the signature. Craig said he understood the disbelief and could offer more, he claimed to be able to ‘move bitcoin’ from an early Block, but he quickly backtracked with this statement:

“I’m Sorry I believed that I could do this. I believed that I could put the years of anonymity and hiding behind me. But, as the events of this week unfolded and I prepared to publish the proof of access to the earliest keys, I broke. I do not have the courage. I cannot.”

The court cases

Craig continued to lay claims to the creation of Bitcoin, but the Craig Wright and Satoshi Nakamoto timelines do not line up. As the community continued to doubt and voice their disbelief to his claims, Craig sought out ways to ensure nobody could question him. Craig, as of April 2019, is suing community members who publicly voice their opinions on the Craig Wright and Satoshi Nakamoto debacle. A few of his first targets include Ethereum creator, Vitalik Buterin, and a Podcaster known as Peter McCormack. Craig said he was taking these industry influencers to court because:

“I am mainly seeking people who have a perceived authority within the cryptocurrency industry, so Vitalik and Peter McCormack. They have been sent the opening letter outlining the case already. This will give me the chance to prove my credentials in front of a judge rather than being judged by Twitter.”

But in another recent court case, we see Craig crossing information over and taking it back. As the David Kleiman case progresses, Craig looks for more ways to prove fantasy as facts so he can claim a stash of BTC. Craig provided a list of public addresses linked to the first few blocks mined. This, however, is not proof of ownership or involved, Blockchain technology enables this information through transparency, which is probably why they tried to redact the list in court.

Craig’s future in cryptocurrency

Craig was so desperate to claim Bitcoin that he cultivated Bitcoin SV, another unimproved version of ‘BTC’ throw out to the world as bait. Instead of trying to grow Bitcoin SV, Craig is actively destroying the name of the token he created. The Craig Wright and Satoshi Nakamoto conspiracy is not believed or supported by the cryptocurrency community. Craig simply needs to access some early Blocks or to move the money in Satoshis wallet away. Craig has hit headlines again as he is accused of anonymously trying to buy early Bitcoins from people online, the rumors come after a very suspicious set of instructions followed a thread post, all the while Craig is claiming to have access to early tokens. The post in question reads:

“1) Mined coins between 2008 and 2010 inclusive.
2) Mined at least 300 BTC.
3) Formats accepted are wallet.dat (core) or raw private keys.
4) Your wallet and/or private key addresses must have 0 BTC in them now. You can never use them again.
5) Buying up to 3 wallets that meet the criteria above.”

Is Craig buying cryptocurrency accounts or it is more FUD? As the drama unfolds and we see Craig Wright tackling the community again, stay updated with us.


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