Over the years many have claimed to be Satoshi Nakamoto, a pseudonym used by the inventor of Bitcoin. Up until now, nobody has been able to prove what they claim.
This, however, led the identity behind the bitcoin creator, to remain one of the biggest mysteries within the bitcoin community as the inventor’s first name Satoshi, is used to christen one hundred millionths of one Bitcoin —’sats’, the smallest indivisible unit of the cryptocurrency.
One man, however, hasn’t gotten tired of calling himself the creator of the world’s largest cryptocurrency. Craig Steven Wright, an Australian computer scientist and businessman is well known for his claims to be Satoshi.
Wright first put forward the case that he was Bitcoin’s creator in late December 2015, when he offered documentation to back up his claims. An article from Wired states that Wright and his friend late David Kleiman, a U.S. Army veteran, were supposedly involved in the creation of Bitcoin.
Wright has also been involved in an on-going case with Kleiman, whose brother Ira Kleiman sued him for $10 billion, alleging that Wright was trying to seize Dave’s Bitcoin holdings from when they were mining together.
In this lawsuit, Wright was found to have perjured himself, he was ousted for attempting to forge documents and lie in an attempt to claim the right to $5 billion in Bitcoin.
Furthermore, in response to a request for input on crypto-asset mechanics and markets from the U.S. Commodity Futures Trading Commission’s (CFTC), Wright had said:
“My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet.”
The more recent reports state that Wright has yet again presented some documents that explain the origins of the Satoshi Nakamoto pseudonym.
In an interview published by news outlet Modern Consensus, Wright reveals an article from the digital database of an academic journal JSTOR, dated January 5, 2008.
The article is about a Japanese scholar named Tominaga Nakamoto who lived between 1715 and 1746. The document revealed by Wright contains some handwritten notes that state:
“Nakamoto is the Japanese Adam Smith.”
“Honest Ledger + Micro Cash”
“Satoshi is Intelligent History”
“Not too hard.”
According to Wright, the name Nakamoto was inspired from Tominaga Nakamoto. About “Satoshi,” Wright says this means “intelligent learning.” He explained that this means one having access to the knowledge of his ancestors.
The handwritten note compares Wright to Adam Smith, who is by many regarded as the father of modern economics. Tominaga Nakamoto was also a renowned economist when asked whether Nakamoto’s economic ideas were the reason why he has chosen his name, he said:
“In part, yes. He wrote about money and honest money and the rational nature of things. The shogun [feudal ruler] at the time was in financial crisis and economic austerity. […] I like the description of him, and I got into his brother, Tōka. ‘Nakamoto was upright and quiet but impatient in character’ and I thought: ‘That sounds like me.’”
While Wright has his history with forged documents, it is hard to tell if this one is a true story or not. Satoshi had mined the first Bitcoin blocks and those blocks are said to contain a significant number of Bitcoins. Anyone who is Satoshi must have access to that address and that would basically be the only proof needed to validate the identity of the Bitcoin creator.