Bitcoin founder could be an Australian, says report

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A Bitcoin sign can be seen on display at a bar in central Sydney, Australia, September 29, 2015. Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency's mainstream appeal is fading. Concerns about bitcoin's potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks' move last month to close the accounts of 13 of the country's 17 bitcoin exchanges. Picture taken September 29, 2015. Reuters/David Gray

According to recent findings, the founder of digital currency bitcoin, who is commonly known by his pseudonym Satoshi Nakamoto, could be a 45-year-old Australian. Police raided the home of Australian entrepreneur Craig Steven Wright after recent reports of his involvement in the creation of bitcoin were published.

Police officials searched a home in Sydney, belonging to Wright, but it is understood that the raids are connected to an Australian Tax Office investigation.

According to separate findings by Wired and Gizmodo, the man behind the ingenious innovation is actually Wright, a computer engineering expert, academic and a businessman based in Sydney. According to Gizmodo, Wright and American computer forensics expert Dave Kleiman, who died in 2013, played pivotal roles in the development of bitcoin.

A number of blog posts created by Wright have been associated with the creation of bitcoin by Wired, one of which dates back to August 2008 in which Wright wrote about his intentions of releasing a “cryptocurrency paper.”

Wired also found that in a post, dated Jan. 10, 2009, Wright announced the launch of beta bitcoin “tomorrow.” Wired also drew attention to the fact that Wright, who lived on the east coast of Australia, could have made the announcement past midnight by Australian local time on Jan. 9. But that would still be before the official launch of the digital currency at 3 p.m. on Jan. 9, by US time.

Following the publication of Wired’s article, Wright’s blog has been taken down, which was active even until Wednesday morning.

Gizmodo had also embarked on a similar investigation and the findings are not too disparate either. It claims to have obtained evidence that suggested both Wright and Kleiman were behind the creation of bitcoin. Gizmodo interviewed Wright’s business partners in Sydney as well as Kleimam’s closest associates in Florida, US. Wright reportedly had admitted his and Kleiman’s involvement in bitcoin’s creation several times. Last year, Wright had also made a public announcement of his plans to start “world’s first bitcoin bank.”

There have been previous attempts to dig out the real identity of Nakamoto, all of which have failed utterly. It even led people, who have been implicated in the process, to issue public denial.

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