Back in May, the internet was abuzz with new information that purportedly named Craig Wright, an Australian academic, as the creator of the Bitcoin protocol who had hidden under the moniker Satoshi Nakamoto.
Gavin Andresen was one of the trusted voices in the matter who backed the claims that Craig Wright was indeed Satoshi Nakamoto amidst efforts to validate the Australian’s claims.
Shortly after, the claims were refuted and Gavin was left with a tarnished reputation after the fall-out.
Now the former lead maintainer of Bitcoin Core admits that he wishes he had never gotten involved with the “Who Was Sanatoshi” fiasco and insisted that Craig Wright’s claims should be completely ignored regardless of their accuracy.
In the first blog post he wrote after months of silence following the Satoshi saga, he expressed his regret and informed his audience of his plans to move on to “more fun and productive pursuits,” of which he is yet to elaborate on.
Gavin Andresen was Possible Heir to the Bitcoin Throne
Gavin Andresen had been one of the oldest, most respected Bitcoin developers before his involvement in the Satoshi Nakamoto saga dragged his name through the mud and led to his effective exclusion from the top cream of the Bitcoin developers.
Following his backing of Craig Wright’s claims to be the Bitcoin protocol creator Satoshi, the Bitcoin Core Foundation felt that the chief scientist and the former chief developer of Bitcoin’s source code had lost his privileges to GitHub.
They proceeded to revoke his access and administrative rights.
The discovery of Bitcoin creator Satoshi Nakamoto is understandably one that will have a major impact in the Bitcoin community and the world of finance at large given that Nakamoto is said to be in possession of enough Bitcoins to upset its already delicate economics where he dumped them into the system.
The digital currency Bitcoin is also currently going through what experts term a transitional period as it slowly becomes more involved in mainstream financial market trading and exchanges.
There is also the persistent public outcry over the decision to change Bitcoin’s code to something that has the potential to allow the Bitcoin system to process more transactions at a go.
Andresen’s reputation is without a doubt the biggest casualty of the “Who is Satoshi” saga.
Being the last person to communicate with the real Satoshi, the probably fraudulent claims of Craig Wright have soured his credibility significantly.
Wright, who was later discovered to be pursuing a series of blockchain patents, is believed to have had fraudulent motives when he made the claims and that he stood to gain several financial benefits if people believed that he was indeed Satoshi.
The statements were first released by two blogs, Wired and Gizmodo, last May before Andresen chipped in supporting the claims by the Australian academic.
“Ignore the Man and His Claims” – Andresen on Wright’s Claims
After the fallout and months unusual silence, Andresen addressed his audience in a blog, telling them that perhaps Craig Wright was indeed Satoshi Nakamoto, the creator of the digital currency Bitcoin, and that he had fabricated the elaborate web of half-truths in order to throw everyone off in order to maintain his anonymity while ruining his reputation in the process.
What Andresen was refusing to be persuaded about is that the man (Craig Wright) should be completely ignored and that his possibly fraudulent claims should be left to the relevant authorities and the victims of the saga.
The generally disputed nature of the allegations has not stopped the press from speculating, with several possibilities being trotted out in a bid to make sense of the whole Bitcoin saga.
The bulk of these possibilities has been discredited or denied outright by experts or the bitcoin community at large.
Craig’s technical evidence, the same that had convinced Andresen that he was the Bitcoin creator, was disproved by experts who believed that it was faked.
The technical proof, two PGP keys that allegedly belonged to the Bitcoin creator, appeared to have been generated back in 2009 and uploaded sometime after 2011.
Also, there were two entirely separate keys, both of which did not check out as genuine.
Regardless of the outcome of the whole Bitcoin saga, Wright is considered a Bitcoin expert in his own respects and has appeared on a panel at the Bitcoin Investor Conference this year.
To date, speculations still run amok although nothing is conclusive.