Bizarrely, the Australian Federal Police were later quoted as saying that the raids on his home were unrelated to the bitcoin claims. “I think it is the Satoshi news [that is driving bitcoin’s price up] because the articles describes how the 1.1m [bitcoin] allegedly are cryptographically locked up, only to be released by January 2020”, editor-in-chief at Adamant Research Tuur Demeester told CoinDesk.
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Yesterday, police raided a home in Sydney where Mr Wright reportedly lived with his family.
And despite a massive trove of evidence, we still can’t say with absolute certainty that the mystery is solved. Furthermore, according to The Guardian, police raided the entrepreneur’s home in Sydney suburb Gordon on Wednesday afternoon; nevertheless, the Australian Federal police denied the raid was related to the bitcoin claims.
The Australian Tax Office (ATO) was asked to comment on the situation, but hasn’t responded to inquiries.
One of the great mysteries of the digital age, the identification of the creator of controversial virtual currency Bitcoin, may have finally been answered.
While Wright did not directly name himself as Nakamoto in the materials seen by the publication, and it did not strongly say this was the case, there were strong allusions linking Wright to bitcoin. The documents included archives of emails, blog posts, transcripts and documents showing Sydney-based Wright’s involvement in the invention of bitcoin. Within the Bitcoin community it is well known that the first ever purchase with the currency was a pizza.
These files included emails fetched directly from Craig Wright’s Outlook account.
Satoshi Nakamoto is the pseudonym of the person or group of people who authored the paper, protocol and software that gave rise to bitcoin.
There have been several theories about its creator, most recently previous year when Newsweek reported-erroneously-that Nakamoto was, in fact, a Dorian Satoshi Nakamoto, a physicist living in California.
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Bitcoins are generated by complex chains of interactions among a huge network of computers, and are not backed by any government or central bank, unlike traditional currencies. As a result, 13 digital currency providers went out of business, and most Australian businesses were gradually losing interest in the cryptocurrency. On the one hand, leading bitcoin payment processor BitPay works with more than 60,000 businesses and organizations – roughly three times more than it did past year.
