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Bitcoin's Magical Mystery Trial

Posted by Craig Reaser on November 16, 2021 - 3:09am


The identity of Satoshi Nakamoto, the inventor of bitcoin, has remained a secret since the creation of the cryptocurrency in 2009.  But he, or she, or they is at the center of an ongoing Florida trial some are calling "bitcoin's trial of the century."  The trial concerns a stash of 1.1 million bitcoin's believed to belong Satoshi.  Valued at more than 70 billion, it's one of the largest private fortunes in the world.  Since 2016, Australian computer scientist and crypto pioneer Craig Wright has insisted that he is Satoshi.  But the family of the late David Kleiman, who was Wright's business partner, argues that the two men together created bitcoin, and Kleiman is thus entitled to half of the fortune.  So Kleiman's family has sued Wright.  The bitcoin community rejects Wright's claim that he is Satoshi and the only way to prove it would be to produce the private key to the wallet that holds the 1.1 million bitcoin's.  If a jury rules in the Kleiman family's favor and forces Wright to hand over a chunk of the fortune--and he is unable to access the wallet--Satoshi's identity will remain a mystery.

Bill Rippel And the saga continues ... we may never find out for sure.
November 16, 2021 at 5:05pm
Simon Keighley Incredible story - what a mystery. Thanks for sharing, Craig.
November 16, 2021 at 9:06am
Charles Phillips I believe that Satoshi's identity will remain a secret.
November 16, 2021 at 4:04am