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Bitcoin (BTC) creator's identity may be revealed at a trial in Florida

Sat 13 Nov 2021 ▪ 20h36 ▪ 3 min read — by Mary Anderson

Every day numerous trials take place, often caused by conflicts over ownership of any assets. There are also frequent disputes between former partners, each fighting for their share of the money.

Who’s the creator of Bitcoin?

This is exactly what happened in Florida, where the family of a deceased man sued his former business partner for control of their partner’s assets. No one would have heard out about this seemingly ordinary lawsuit if this group of people hadn’t shared a million bitcoins, which currently exceeds $64 billion (~£48 billion). 

It’s no secret that only one person, Satoshi Nakamoto, can have such a huge amount of BTC. This pseudonym belongs to a person or a group of people who, on 31st October 2008, sent the cryptographers a report on a system of digital money that does not require intermediaries. It is Satoshi who owns a million bitcoins.

What evidence do the parties need?

Now, the family of a certain David Kleiman has sued his former partner, Craig Wright, who has been claiming to be the creator of BTC since 2016, although few people believe in these words. However, Kleiman’s family has no doubt in that, as they reported that David had been working with Wright for a long time, mining Bitcoin, which gives them the right to half of Craig’s fortune. They also stated their willingness to provide evidence that the two had been working with Bitcoin since its inception. In addition, according to the Kleiman family, back in 2008, Wright asked David to help him write the very report that marked the beginning of all cryptocurrencies.

In turn, the defence reported that they had evidence to the contrary.

However, at the moment, there is only one solid proof that can sort things out – the private key to Satoshi Nakomoto’s account containing a million bitcoins. Simply put, for the Kleiman family, or Craig Wright, to claim this money and the title of the creator of Bitcoin, they must prove having access to the account.

Since 2016, Craig Wright has been claiming to be the creator of Bitcoin. However, after facing fierce criticism, he stopped insisting on it. Who knows, he may still be able to prove his claim.

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Mary Anderson avatar
Mary Anderson

I am sure that crypto assets are a new type of economy. We are at the origins of the crypto revolution. Right now, it is worth studying what cryptocurrencies and the blockchain are in order to make the most of this knowledge and these skills in the future.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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