The Bitcoin affair: Craig Wright ‘to move’ Satoshi coin

Craig Wright

The man who has identified himself as the creator of Bitcoin plans to provide further proof to his claim.

Craig Wright’s spokesman told the BBC that he would “move a coin from an early block” belonging to the crypto-currency’s inventor “in the coming days”.

The Australian entrepreneur announced he was behind the pseudonym Satoshi Nakamoto on Monday.

Critics have said that the evidence produced to date is unconvincing.

You can read the strongest case for the prosecution in this post on Github, where Wright’s blog is described as “flimflam and hokum which stands up to a few minutes of cursory scrutiny, and demonstrates a competent sysadmin’s level of familiarity with cryptographic tools, but ultimately demonstrates no non-public information about Satoshi.”

Media captionAustralian entrepreneur Craig Wright says he is Mr Bitcoin

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The author goes on to speculate that Craig Wright “used amateur magician tactics to distract non-technical or non-expert staff of the BBC and the Economist during a stage-managed demonstration.”

It’s not completely unfair to describe me and Mark Ward – the other BBC reporter at the briefing – as non-technical or non-expert. Indeed, in yesterday’s blog I said this: “What we saw seemed impressive – though it would need a far higher level of expertise than we possess to be certain.”

But what I also said was that Jon Matonis – a senior director at the Bitcoin Foundation – was present at the briefing and actually talked us through the process being demonstrated by Craig Wright. He had told us earlier that he had first suspected Craig was Satoshi last year, after meeting him at a Bitcoin convention in Australia, and in recent weeks had spent a lot of time with him and seen evidence he found compelling.

We also knew that the Bitcoin Foundation’s chief scientist Gavin Andresen, a respected figure I had interviewed a couple of years ago, was going to say that he believed Craig was Satoshi.

Media captionBitcoin scientist Gavin Andresen believes Craig Wright’s claim

On Monday morning, conspiracy theories began to spread that Andresen had been hacked and these were not his views. I explained to a few people that we’d soon know as he was due to speak at a New York conference, and a few hours later up he popped to say, no, he hadn’t been hacked, and yes, he was convinced by Craig Wright.

The trouble is that Dr Wright’s blog has not convinced the wider public.

He had told me last week that he intended it to be convoluted. He wanted to show those who doubted his intellectual capabilities that he really knew what he was talking about – instead he has managed to make them more suspicious.

This morning, I have managed to reach Jon Matonis, who is at a cryptocurrency event in Kenya. He remains absolutely convinced by Craig Wright but agrees that the blog hasn’t helped his case.

“It needs to be amended because it’s not conclusive for the general public. But that does not take away from what I saw in private,” he explained.

As far as I can see it, if Dr Wright can move one of Satoshi’s bitcoins – as promised – that should convince many of the doubters.

It would constitute proof that he is who he says he is – although one suspects that even then some will never believe his story.

mm – leading Bitcoin News source since 2012

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