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The latest bitcoin controversy

Monday, May 02, 2016 - 01:13

Australian Craig Wright has told the BBC he is the creator of the controversial currency bitcoin, though some are skeptical. Bobbi Rebell reports.

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Bitcoin back in the headlines. An Australian tech entrepreneur, Craig Wright, is claiming he is the creator of the controversial digital currency. That person has until now gone by the name of Satoshi Nakamoto, and in fact there are some who doubt Wright's claims. But Wright has presented some technical proof to the BBC that he had access to blocks of bitcoin known to have been created by bitcoin's creator. In an interview with the BBC, he said he was the main part of bitcoin's creation though others helped him, and denied he wanted the recognition. (SOUNDBITE) AUSTRALIAN TECH ENTREPRENEUR CRAIG WRIGHT, (ENGLISH) SAYING: "I don't want money. I don't want fame. I don't want adoration. I just want to be left alone. " But not everyone is buying in to his claims. Jerry Brito is the executive director of non-profit research center Coin Center. (SOUNDBITE) JERRY BRITO, EXECUTIVE DIRECTOR, COIN CENTER, (ENGLISH) SAYING: "If he is Satoshi, Satoshi has access to a certain number of keys that can be used to sign a message publish it to the world and that would be cryptographic proof that anybody could use to verify. He has not made that cryptographic proof available to the world." Researchers believe the creator of Bitcoin may be holding up to one million bitcoins, which is worth about $440 million. If that was to be unloaded, the price could plunge.

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The latest bitcoin controversy

Monday, May 02, 2016 - 01:13