Australian entrepreneur says he created Bitcoin, but doubts persist – The Boston Globe bitcoin rate live

But many technical experts, including some of the leading bitcoin developers, said that wright’s evidence did not prove he was the digital currency’s creator, identified by the pseudonym satoshi nakamoto.

“it would take the real satoshi about five minutes to provide conclusive proof to the entire bitcoin community, if the real satoshi wanted to do that,” said joseph bonneau, a researcher at the applied crypto group at stanford university.

Then there were the enthusiasts who sought to play down the importance of the founder’s identity. The creator, they argued, has remained anonymous for years and the currency’s popularity has grown regardless.

Wright is “a lot like those very difficult geek/nerd/blatherers that turn minor IT support into a social drama,” ian grigg, a crypto-currency researcher, wrote in a blog entry.Bitcoin rate live

“satoshi was more than a name, it was a concept, a secret, a team, a vision. Now satoshi lives on in a new form — changed,” he added. “much of the secret is gone, but the vision is still there.”

The latest twist in bitcoin’s origins story is likely to feed the power vacuum that has plagued the virtual currency.

While a decentralized nature is at bitcoin’s core, it has also led to internal reflection over its evolution. Bitcoin’s longtime backers have recently split over the proper way to expand the network.

Founded as a digital competitor to existing currencies, bitcoin has moved more into the mainstream of late. Financial institutions are putting resources into researching how they can use the blockchain, the currency’s communal digital ledger, to make transactions faster and cheaper. Competition, too, has risen, with a host of new virtual currencies , like ethereum.Bitcoin rate live and the growth of the bitcoin system has stalled.

The mystery of bitcoin’s founder has been central to its cachet ever since it surfaced in 2009. Yet the creator has also been mostly silent since bitcoin rose to prominence.

If wright’s claims can be confirmed, they open a whole new set of issues for bitcoin. Does its creator have more power than others who have played a major role in its development? If the founder asserts authority over its direction, does that undercut the very power of the currency as a decentralized system?

If wright is perpetrating a hoax, it is a rather elaborate one.

To back up his claims, the BBC said wright had provided digitally signed messages using cryptographic keys inextricably linked to bitcoins generated by satoshi nakamoto. Wright also posted evidence on his blog, including a technical walk-through of how to verify cryptographic keys.Bitcoin rate live

But many technical experts, including some of the leading bitcoin developers, said that wright’s evidence did not prove he was the digital currency’s creator, identified by the pseudonym satoshi nakamoto.

“it would take the real satoshi about five minutes to provide conclusive proof to the entire bitcoin community, if the real satoshi wanted to do that,” said joseph bonneau, a researcher at the applied crypto group at stanford university.

Then there were the enthusiasts who sought to play down the importance of the founder’s identity. The creator, they argued, has remained anonymous for years and the currency’s popularity has grown regardless.

Wright is “a lot like those very difficult geek/nerd/blatherers that turn minor IT support into a social drama,” ian grigg, a crypto-currency researcher, wrote in a blog entry.Bitcoin rate live

“satoshi was more than a name, it was a concept, a secret, a team, a vision. Now satoshi lives on in a new form — changed,” he added. “much of the secret is gone, but the vision is still there.”

The latest twist in bitcoin’s origins story is likely to feed the power vacuum that has plagued the virtual currency.

While a decentralized nature is at bitcoin’s core, it has also led to internal reflection over its evolution. Bitcoin’s longtime backers have recently split over the proper way to expand the network.

Founded as a digital competitor to existing currencies, bitcoin has moved more into the mainstream of late. Financial institutions are putting resources into researching how they can use the blockchain, the currency’s communal digital ledger, to make transactions faster and cheaper. Competition, too, has risen, with a host of new virtual currencies , like ethereum.Bitcoin rate live and the growth of the bitcoin system has stalled.

The mystery of bitcoin’s founder has been central to its cachet ever since it surfaced in 2009. Yet the creator has also been mostly silent since bitcoin rose to prominence.

If wright’s claims can be confirmed, they open a whole new set of issues for bitcoin. Does its creator have more power than others who have played a major role in its development? If the founder asserts authority over its direction, does that undercut the very power of the currency as a decentralized system?

If wright is perpetrating a hoax, it is a rather elaborate one.

To back up his claims, the BBC said wright had provided digitally signed messages using cryptographic keys inextricably linked to bitcoins generated by satoshi nakamoto. Wright also posted evidence on his blog, including a technical walk-through of how to verify cryptographic keys.Bitcoin rate live

But many technical experts, including some of the leading bitcoin developers, said that wright’s evidence did not prove he was the digital currency’s creator, identified by the pseudonym satoshi nakamoto.

“it would take the real satoshi about five minutes to provide conclusive proof to the entire bitcoin community, if the real satoshi wanted to do that,” said joseph bonneau, a researcher at the applied crypto group at stanford university.

Then there were the enthusiasts who sought to play down the importance of the founder’s identity. The creator, they argued, has remained anonymous for years and the currency’s popularity has grown regardless.

Wright is “a lot like those very difficult geek/nerd/blatherers that turn minor IT support into a social drama,” ian grigg, a crypto-currency researcher, wrote in a blog entry.Bitcoin rate live

“satoshi was more than a name, it was a concept, a secret, a team, a vision. Now satoshi lives on in a new form — changed,” he added. “much of the secret is gone, but the vision is still there.”

The latest twist in bitcoin’s origins story is likely to feed the power vacuum that has plagued the virtual currency.

While a decentralized nature is at bitcoin’s core, it has also led to internal reflection over its evolution. Bitcoin’s longtime backers have recently split over the proper way to expand the network.

Founded as a digital competitor to existing currencies, bitcoin has moved more into the mainstream of late. Financial institutions are putting resources into researching how they can use the blockchain, the currency’s communal digital ledger, to make transactions faster and cheaper. Competition, too, has risen, with a host of new virtual currencies , like ethereum.Bitcoin rate live and the growth of the bitcoin system has stalled.

The mystery of bitcoin’s founder has been central to its cachet ever since it surfaced in 2009. Yet the creator has also been mostly silent since bitcoin rose to prominence.

If wright’s claims can be confirmed, they open a whole new set of issues for bitcoin. Does its creator have more power than others who have played a major role in its development? If the founder asserts authority over its direction, does that undercut the very power of the currency as a decentralized system?

If wright is perpetrating a hoax, it is a rather elaborate one.

To back up his claims, the BBC said wright had provided digitally signed messages using cryptographic keys inextricably linked to bitcoins generated by satoshi nakamoto. Wright also posted evidence on his blog, including a technical walk-through of how to verify cryptographic keys.Bitcoin rate live