Who is The True Creator of Bitcoin by Trial in Florida: Satoshi Nakamoto Not Real!
|Satoshi Nakamoto: “I never was involved”|
The lawsuit for the real identity of the creator of bitcoin
Today bitcoin is worth more than $1 trillion. However, analysts believe cryptocurrency is extremely volatile which makes it an unsafe investment. Governments all across the globe are trying to bring it under regulation as it used for terror funding as it is extremely difficult to track.
The lawsuit filed by late David Kleiman's family claims him to be Satoshi Nakamoto, the name used by the presumed pseudonymous person who developed bitcoin.
They have alleged that Kleiman's partner Craig Wright is refusing to provide them his share of the 1.1 million bitcoins mined by him under the pseudonym 'Satoshi Nakamoto,' whose identity remains unknown. At the center of the trial were 1.1 million Bitcoin, worth approximately $50 billion (€44.2 billion)
Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict on Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions.
A Florida jury found that Wright did not owe half of 1.1 million Bitcoin to the family of David Kleiman.
The jury did award $100 million (€88.6 million) in intellectual property rights to a joint venture between the two men - a fraction of what Kleiman's lawyers were asking for at trial.
Kleiman had passed away in 2013 at the age of 46. Hardly anybody believes Australian programmer Wright's claims that he was behind the creation of bitcoin.
These were among the first Bitcoin to be created through mining and could only be owned by a person or entity involved with the digital currency from its beginning - such as Bitcoin's creator, Satoshi Nakamoto.
Now the cryptocurrency community will be looking to see if Wright follows through on his promise to prove he is the owner of Bitcoin. Doing so would lend credence to Wright's claim, first made in 2016, that he is Nakamoto.
Alleged Bitcoin inventor trial ends
A jury has ruled that Craig Wright, a man who claims to have invented Bitcoin, won’t have to give up half of his supposed stash of crypto — a stash valued at over $50 billion.
The court case has generated a lot of buzz in the Bitcoin community because he would have had to transfer those Bitcoins if the court had ordered him to, and that’s something only the real Satoshi can do. While Satoshi is a hallowed name in Bitcoin lore (it’s also used as a way to denominate the smallest unit of the currency), Nakamoto’s identity has never been proven.
The court case garnered so much attention because, again, much of the Bitcoin community feels absolutely certain that Wright didn’t create the cryptocurrency — and there was the tantalizing possibility that the court might make Wright actually prove that he owned the coins during the trial or that he’d have to cash them (and similarly prove ownership) if he was ordered by the state to pay out half of them to Kleiman’s family.
The jury wasn’t asked to determine whether Wright was actually Nakamoto. Instead, its job was to determine whether Wright and Kleiman had a business relationship that would entitle the Kleiman estate to any fortune Wright may have made if he actually did invent Bitcoin.
Note: Who created the bitcoin virtual currency that has become a multibillion-dollar global phenomenon and Who actually is Satoshi Nakamoto?
Who is The True Creator of Bitcoin
On Oct. 31, 2008, Satoshi Nakamoto sent a nine-page paper to a group of cryptographers outlining a new form of “electronic cash” called bitcoin. At the time nobody cared about Nakamoto’s identity.
Cryptographers and developers had been trying for more than a decade to develop an electronic version of cash. All of them had failed, for a variety of reasons.
On Jan. 9, 2009, Nakamoto launched the bitcoin network. Mr. Finney was one of the few who was intrigued by it, and in the early weeks the two worked remotely to get the network running. The first bitcoin transaction went from Nakamoto to Mr. Finney.
For about two years, as bitcoin slowly grew, Nakamoto wrote on message boards and privately exchanged emails with developers. In December 2010, Nakamoto stopped posting publicly, and stopped talking with developers in 2011. Nakamoto passed leadership of the project to Gavin Andresen, a software developer.
Satoshi Nakamoto is the real person and Who must be Nakamoto?
According to Newsweek magazine that it might be Dorian Satoshi Nakamoto, a 64-year-old Japanese American living in Temple City, the day only got wilder and weirder. However, he said: “I never was involved”.
In public messages, and even in private messages that were later released, Nakamoto never spoke about anything personal. Nothing biographical, or about the weather, or things happening locally. Everything was about bitcoin and its code.
Nakamoto used two email addresses and one website. The identity of the person who registered them is blocked.
There is no other public information. In an age in which it is hard to be anonymous, Nakamoto remains a ghost.
|Yes, and over the years virtually anybody who did work even remotely similar to bitcoin—such as Mr. Finney, who died in 2014, and Mr. Andresen—has been pegged as Nakamoto. All have denied it, and there hasn’t been evidence to prove otherwise. |
In 2014, a group of students and researchers at Aston University in Birmingham, England, carried out a linguistics analysis and concluded that Mr. Szabo was most likely to be Nakamoto. Others have claimed he is Nakamoto as well. Mr. Szabo has denied the claim.
Satoshi Nakamoto Net Worth
There are about one million bitcoins that were “mined” in bitcoin’s first year that have never been moved.
Today those bitcoins are worth about $55 billion. That would make Nakamoto one of the 30 richest people in the world, according to the Forbes real-time billionaires list.
It is assumed that those one million bitcoins are controlled by Nakamoto—and only Nakamoto. To move them one needs to have the “private key”—a long, unique string of letters and numbers that controls access.
The person moving them would have a very strong claim on being Nakamoto.
In the early years, the cryptocurrency community assumed that Nakamoto remained anonymous and left those bitcoins untouched, mainly out of fear. It didn’t seem unreasonable that the inventor of bitcoin could be arrested. In recent years, though, most governments—China being the big exception—have accepted bitcoin to varying degrees.
It has been a decade since Nakamoto disappeared. It is possible bitcoin’s creator died without giving anybody else the private keys. It is also possible that Nakamoto lost the keys and can’t move the bitcoin.
Who is Craig Wright?
Mr. Wright is an Australian programmer living in London who in 2016 claimed to be Nakamoto. His claims were quickly dissected, and rejected, in the bitcoin community. He pledged to prove he was Nakamoto by moving some of those early bitcoins. To this date, he hasn’t done so.
In recent years, Mr. Wright has tried to litigate his claim. He has filed for patents on bitcoin’s software, even though it was released as an open-source project, and sued a podcast host who publicly ridiculed his claim for defamation.
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