Binance CEO Outlines Issues with Self-Proclaimed Satoshi – Craig Wright


One of the biggest mysteries surrounding the cryptocurrency space revolves around the creator of Bitcoin, and blockchain technology. The man is known as Satoshi Nakamoto, but no one can say for certain who that man is.

There have however been many claimants to this title, and the biggest claimer to date remains Bitcoin SV leader, Craig Wright. However, the Australian computer scientist’s claim to this title has been challenged often, and there remains no undeniable proof that he is the Bitcoin creator. 

Wright is a controversial figure, and one that has rubbed many people in the industry the wrong way. Recently, a spat broke out between the head of Binance, Changpeng Zhao, and Wright with the exchange CEO calling the self-proclaimed Satoshi Nakamoto a fraud.

The accusation came as Zhao warned against scams in the cryptocurrency industry and likened Wright to the failed FCoin exchange. However, he did not provide much more insight than that. Until now. Zhao has spoken to Cointelegraph about the reasons why he thinks Wright is a fraud. 

Bad for him, and Bitcoin

The issue is that not only is Wright’s reputation taking a knock from this ongoing claim that he is the Bitcoin creator, he is also damaging the name of Bitcoin which is trying to establish itself as a legitimate industry. 

“He claims to be the founder of Bitcoin, Satoshi Nakamoto, which is a lie. He hurts the credibility of Bitcoin and is a disgrace to our entire industry,” Zhao told Cointelegraph

Zhao is also annoyed at the facade that Wright is putting up as he believes that if the Bitcoin SV man was indeed Satoshi, it would be simple for him to prove it.

he could prove it in many ways. For instance, he could provide mathematical proof by signing a message with Satoshi’s private key or moving some Bitcoin from his address.

Alternatively, if Wright was Bitcoin’s creator he could just publish a message with his account at the P2P Foundation like Satoshi did to say that he is not Japanese mathematician Dorian Nakamoto. He concluded:

“He could not use even the most remote way to prove his claims. The true inventor of Bitcoin is far more capable than that.”

Will we ever know who Nakamoto is?

Bitcoin was created over 10 years ago now, and was created as a protocol which is self-governing and able to operate through consensus and democratic means. The decentralized nature of blockchain also means there is no need for one central figurehead – such as a Nakamoto. 

This is reason enough not to even care who Nakamoto is anymore, as his job is done, and has been done well. It is also likely that we will never know as there is no reason to push the hiding creator out, and he / she / they could well be deceased. 

Darryn Pollock
Darryn has been interested in the blockchain and cryptocurrency space since he heard about Bitcoin in 2015. He then decided to use his journalism degree to report on this fascinating fintech space in 2016, and has not looked back since.

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