Craig Wright 'Will Move Bitcoin' to Prove He's Satoshi Nakamoto

A representative for self-proclaimed bitcoin inventor Craig Wright says further evidence will be soon be provided via the movement of bitcoin.

AccessTimeIconMay 3, 2016 at 3:43 p.m. UTC
Updated Aug 18, 2021 at 4:49 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

A representative for Craig Wright – the Australian academic and businessman who in recent days has sought to prove that he is bitcoin's pseudonymous creator, Satoshi Nakamoto – says that he will provide further evidence through the movements of bitcoins.

As first reported by the BBC, Wright will seek to prove himself “by moving a coin from an early block”.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Nick Caley, head of corporate communications for London-based PR firm The Outside Organization, confirmed the plan when contacted by CoinDesk. Wright is being further represented by Milk Publicity, also based in London, which circulated press materials on Monday.

    However, the plan seems to contradict statements given by Wright to The Economist, which reported that the Australian said he “can’t send any bitcoin because they are now owned by a trust”.

    When asked about the discrepancy, Caley told CoinDesk that Wright will seek permission from the trustees to use one of those early bitcoin addresses, explaining:

    “The trustees will not consent to move trust assets. However, Dr Wright is securing consents to move BTC into and then out of the early addresses, provided that the trust assets are not diminished.”

    He added that the planned coin movement would take place “in the coming days”, but declined to comment when asked what steps would be taken if the trustees disapproved of the plan.

    In a new blog article posted earlier today, Wright wrote that he will be releasing evidence beyond moving bitcoins.

    "So, over the coming days, I will be posting a series of pieces that will lay the foundations for this extraordinary claim, which will include posting independently-verifiable documents and evidence addressing some of the false allegations that have been levelled, and transferring bitcoin from an early block," he stated.

    Wright’s efforts to prove that he is Satoshi – bolstered by supportive testimony from former Bitcoin Core maintainer Gavin Andresen and Bitcoin Foundation founding director Jon Matonis – have faced much scrutiny from critics, who argue that the proof offered by the Australian academic on his own blog is either false or fraudulent.

    Image via BBC News

    This article has been updated

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about