Follow Slashdot blog updates by subscribing to our blog RSS feed

 



Forgot your password?
typodupeerror
Bitcoin

Ethereum Founder Confronts Self-Proclaimed Bitcoin Creator Craig Wright, Calls Him a Fraud (businessinsider.com) 54

The dispute between Ethereum founder Vitalik Buterin and self-proclaimed "Bitcoin creator" Craig Wright is far from over. At the 2018 Deconomy conference, Buterin asked, "Given that he makes so many non sequiturs and mistakes, why is this fraud allowed to speak at this conference?" From the report: Audience members applauded him. The confrontation (video) happened during a question-and-answer session after a panel called "Bitcoin, Controversy over Principle" featuring Roger Ver and Samson Mow; Wright gave a talk just before the panel.

[...] Wright first shot to fame when stories from Gizmodo and Wired both identified him as the likely inventor of bitcoin. In May 2016, Wright published a blog post and spearheaded a media push in news outlets including the BBC, The Economist, and GQ in which he said he was, in fact, Satoshi Nakamoto. But the evidence in Wright's blog post made little sense on a technical, cryptographic level. Cryptography experts said at the time that it was nearly nonsensical.

This discussion has been archived. No new comments can be posted.

Ethereum Founder Confronts Self-Proclaimed Bitcoin Creator Craig Wright, Calls Him a Fraud

Comments Filter:
  • by cstacy ( 534252 ) on Tuesday April 03, 2018 @04:16PM (#56374929)

    The media as usual muddled his story. He didn't create Bitcoin. He invented email.

  • I'm not removing my Add blocker, and given there are no other working links provided, can someone tell me where this conference took place?
  • Just wait, China will claim it invented Bitcoin soon enough.

  • The creator of a fake currency accusing someone else of faking their creation of a fake currency.
    • by Maritz ( 1829006 )

      I don't own or use cryptocurrency. I sort of wish it would die so I could buy a better video card.

      But I still find your criticism completely stupid and asinine because I'm capable of fucking nuanced thought. You should try it sometime.

  • by psnyder ( 1326089 ) on Tuesday April 03, 2018 @05:21PM (#56375473)
    Craig Wright gave a talk about the Lightning Network. Vitalik was pointing out something in that talk that made absolutely no sense (using basic mathematics). Craig Wright tries to defend himself. Then someone, who I believe was Joseph Poon [lightning.network], said,

    "I wrote the Lightning Network paper. I straight up don't understand your presentation. I'm sure the rest of the audience does not as well."

    Craig Wright is a fraud. The conference organizers should be embarrassed to include him.
  • by UnknowingFool ( 672806 ) on Tuesday April 03, 2018 @05:28PM (#56375533)
    I don't profess to understand Bitcoin completely but I thought Nakimoto owned a large number of coins that have never been spent. Since part of the system relies on assymetric key cryptography he could verify ownership by using Nakimoto's private key to sign something which the public key could verify. Also naming which his coins which the block chain could shown have never been spent. Sure it is possible Wright somehow stole or gained Nakimoto's key but ownership/knowledge of a private key is tantamount to ownership in the Bitcoin world.
    • Why would he want to do that though? He would rather bask in the ambiguity of the situation than prove his identity and make himself the target of thieves and governments.

      • by DRJlaw ( 946416 )

        He would rather bask in the ambiguity of the situation than prove his identity and make himself the target of thieves and governments.

        Why would thieves and governments wait for proof rather than simply taking him at his own word?

        "I'd totally kidnap him, but I can't be positive that he actually holds millions upon millions worth of bitcoin, and because of that the risk is too much..."

      • Other than the fact that Wright has already claimed he was Nakimoto on many occasions. Also reading more about the situation, to prove that he was Nakimoto, Wright submitted a key signature. The problem was that the key signature provided was identical to one Nakimoto used in a 2009 forum posting. When asked to provide a unique key signature, Wright then refused to provide any more evidence.

        According to a Bitcoin developer, Wright signed another message in his presence with what appears to be a private Nak

        • Yet the Aussies raided him within a few days on "unrelated matters". Sure they did.

          Whether he had the keys or not it was obviously a stupid move in today's world. It's more important to see if he's contributing today or not. His talk on miner incentives and double-spend security seemed spot-on. I haven't seen the LN talk but if it's complete nonsense (I would not believe its primary advocate's protests) then he could be completely misunderstanding LN and still not be wrong about Bitcoin economics.

          The se

          • Yet the Aussies raided him within a few days on "unrelated matters". Sure they did.

            Well let's review the facts [theguardian.com] regarding the raid: Wright told his landlord he was leaving for Australia by December for London but extended his lease to January. He had apparently already began the moving process. So Australia waiting to raid his home and offices any later would have been foolish if they wanted any evidence.

            Also The ATO ruled in December 2014 (a year prior to the raid) that cryptocurrency would be treated as an asset for capital gains: "The treatment of bitcoin for tax purposes in Australia h

  • but I want to suggest that we start calling all cryptocurrency 'aspirational money' a la the aspirational pricing of real estate (Manhattan, London, etc.).

"Even if you're on the right track, you'll get run over if you just sit there." -- Will Rogers

Working...