Bitcoin creator finally revealed? Australian Craig Wright outs himself as 'Satoshi Nakamoto'

Craig Steven Wright. © Wikipedia
Australian businessman Craig Wright has revealed he is the man behind the cryptocurrency Bitcoin, ending years of speculation.

Bitcoin’s code was released in 2009 under the pseudonym Satoshi Nakamoto, and the true identity of Nakamoto was increasingly hard-sought as the virtual currency gained traction.

Bitcoin was the top performing currency last year, according to The Money Project, and one Bitcoin is currently worth about $456.

Wright used coins known to belong to the currency’s founder as a means of backing up his claim, the BBC reports.

He told the British broadcaster that the search for the true identity of Bitcoin’s founder had spurred him into making the announcement, saying: “There are lots of stories out there that have been made up and I don't like it hurting those people I care about.”

"I have not done this because it is what I wanted,” he said of the revelation, adding that he does not want fame, but instead wants to “keep doing what I want to do”.

After tech magazines Wired and Gizmodo published claims in late 2015 that Wright was the probable creator of Bitcoin, his Sydney home was subjected to a search by Australian authorities as part of a tax investigation.

An Australian Federal Police officer closes the door of the garage after searching the home of probable creator of cryptocurrency bitcoin Craig Steven Wright in Sydney's north shore December 9, 2015. © David Gray

Australian Federal Police officers walk down the driveway after searching the home of probable creator of cryptocurrency bitcoin Craig Steven Wright in Sydney's north shore December 9, 2015. © David Gray

Wright explains his struggle revealing his public persona, Satoshi, in a blog post he wrote on Monday. He references a quote by Jean Paul Sartre: “If I sign myself Jean-Paul Sartre it is not the same thing as if I sign myself Jean-Paul Sartre, Nobel Prizewinner.”

“I remember reading that quote many years ago…and having experienced the ebb and flow of life those years have brought, I think I am finally at peace with what he meant. If I sign Craig Wright, it is not the same as if I sign Craig Wright, Satoshi,” the businessman posted.

“Satoshi is dead. But this is only the beginning,” he adds cryptically, before outlining the verification process to back up his claims of being bitcoin’s founder.

There have been false claims about the supposed ‘true’ identity of Satoshi before. In 2014, Newsweek published an article claiming a Japanese-American man was behind the virtual currency.

Wright’s revelation has yet to convince many that he is indeed bitcoin’s creator: