In cryptocurrency breaking news, Craig Wright, the computer scientist who claims to have invented bitcoin does not owe anything to his former business partner. Following a full week of deliberation, the jury decided that Wright does not owe the late David Kleiman the 1.1 million bitcoins in question, which is worth $50 billion according to current prices.
While David Kleiman passed away in 2013, his family claims that he and Wright created bitcoin through their partnership. However, Wright’s lawyers say the partnership had nothing to do with the creation of bitcoin.
The Origin of Bitcoin
The origin of bitcoin has always been somewhat of a mystery. For this reason, the trial drew considerable attention from many outsiders. In 2008, Satoshi Nakamoto published a paper that included the outline for a digital currency not tied to any sovereign or legal authority. Just a few months later, mining began for the cryptocurrency.
Roughly translated, the name Nakamoto means “at the center of”. This was never recognized to be the actual creator of bitcoin and believed not to be a single individual.
Since 2016, facing much skepticism, Wright has claimed that he is in fact, Nakamoto. The bitcoin community has made frequent requests for Wright to move a fraction of the bitcoins to a different account as proof that he is who he claims to be.
If Craig Wright does actually have control of the fortune, according to Bloomberg Billionaire’s Index, it would put him among the 30 wealthiest people in the world. Wright claims that he will donate a large portion of the fortune to charity. However, he has yet to prove actual control of the fortune.
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