Australian says he created bitcoin, but some skeptical

SYDNEY/LONDON Australian tech entrepreneur Craig Wright identified himself as the creator of controversial digital currency bitcoin on Monday but experts were divided over whether he really was the elusive person who has gone by the name of Satoshi Nakamoto until now.

Uncovering Nakamoto’s real identity would solve a riddle dating back to the publication of the open source software behind the cryptocurrency in 2008, before its launch a year later.

Bitcoin has since become the world’s most commonly used virtual currency, attracting the interest of banks, speculators, criminals and regulators.

Worth a total of $7 billion at current levels, it fell more than 3 percent on Monday — a normal intraday move for the volatile currency — after the news, to below $440 from around $455, before recovering slightly.

Some online commentators suggested bitcoin’s creator could help resolve a bitter row among the currency’s software developers that threatens its future.

But Wright made no reference to the row in a BBC interview identifying himself as Nakamoto, and as the protocol bitcoin runs on is open-source and cannot be controlled by any one person, it is unclear whether he would be able to influence the

Read more ... source: TheBitcoinNews

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