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To continue reading this article, please exit incognito mode or log in. Visitors are allowed 3 free articles per month without a subscription , and private browsing prevents us from counting how many stories you've read. We hope you understand, and consider subscribing for unlimited online access. The tech press was abuzz two days ago with a claim, from reputable journalists at Wired and Gizmodo , that Satoshi Nakamoto was Dr.
I know Craig Wright. I was one of the 95 people he followed on Twitter. He told me his life story, which mixed quasi-academic references with allusions to quasi-legal activities that were clearly meant to discourage further questioning. And before him, Dorian Nakamoto, the Californian accused by Newsweek of inventing Bitcoin, was not Satoshi, either—or rather, he was very much Satoshi Nakamoto, the model railroad enthusiast.
In general, professors typically have a fairly narrow expertise, and uncovering secret identities is not one of them except, of course, if you work on digital forensics. But all professors have one particular skill: This is the one skill that all of us absolutely have to master to help students and to respond to questions during lectures.
And consensus protocols, of the kind that power Bitcoin, have historically been prone to misunderstanding. The nomenclature is not consistent and there is a lot of confusion and disagreement about basic results. For instance, what does the FLP impossibility result imply for Bitcoin? What does the Byzantine Generals Problem actually say? Did someone actually read the papers on it or did he read one of the many terrible summaries online?
What consistency guarantee does Bitcoin provide? Do miners make progress? What does that imply for reorganizing the last block? Consensus is a complicated topic—quite a few well-established researchers have gotten their own protocol wrong, and while Satoshi Nakamoto nailed consensus, his writings about its properties and the characterization of other work in the area provide us with a glimpse into his understanding of the world.
These thought patterns and idiosyncrasies form a unique signature, the same way code structure forms a unique signature for developers. Sure, it can change over time, but ask anyone in the teaching business and they will rant about how hard it is to affect that kind of change. So, for some time now, every time I converse with someone new, I have been doing a quick comparison to Satoshi. The Internet has gone to town on his purported credentials and mile-long Linked-In profile, now wiped.
None of this matches what he told me about his background, which was that he was the CTO of an overseas gambling operation. They contain words like cryptocurrency that were coined in at the earliest. Not only does he lack the content signature, he lacks the content wholesale. In short, the smell was a mile high. It was clear from my correspondence with Craig that he was not a protocol or system designer. Perhaps he knew how to set up servers, perhaps a bit more, but this was not Satoshi.
Interestingly, I have come across one person who was a perfect fit. Is that person Satoshi? Well, most likely, though there is a tiny probability that this person is instead an intellectual doppelganger. Do we have the right to make someone who wants to remain a private individual into a public persona? He or she will have fewer rights if we do that. Is it right to force that person to face extortion attempts from the Russian mafia? Everyone known to hold a substantial quantity of Bitcoin, and even those who do not, get extorted by shady characters.
And is it fair to place someone under scrutiny from the public because he or she did a noteworthy thing that served that very public? Responsible journalism ought to serve the public good, not the click count. Surely everyone must know how easy it is to forge e-mails. But ironically, timestamping services such as the Internet Archive and also Bitcoin are harder to fool.
In this case, the Internet Archive seems to have caught the backdated blog posts, which point out a clear attempt to deceive. The latter requires a full explanation of the forger, their relationship to the story, and should put the entire story at risk. The story changes the moment a piece of the evidence is forged.
Every cult and culture needs and deserves a creation myth. Most of these stories make no sense, and none of them actually matter. Our banking infrastructure is archaic, having been left fallow since the Y2K rewrite. There is very little transparency and auditability in the financial system.
There had been precious little innovation in retail banking since until a few years ago. Even today, banks offer klunky, terrible interfaces to our money. Bitcoin cannot scale to the globe, even with the recent planned improvements, and it has great difficulty on the security front.
But there are some novel technical ideas in there that can enrich our global society; some discovered by Satoshi, others by people before him. Responsible media needs to drop the pointless Satoshi manhunt and focus on the technology and its implications. He has published several research papers on the design and flaws of Bitcoin and helped architect an alternative design for it, Bitcoin-NG, aimed at making it able to serve many more users.
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Why we made this change Visitors are allowed 3 free articles per month without a subscription , and private browsing prevents us from counting how many stories you've read. Learn more and register. Addressing Bias in AI How can we be sure AI will behave? Perhaps by watching it argue with itself. Facebook helped create an AI scavenger hunt that could lead to the first useful home robots.
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