So, who invented cryptocurrency? The question isn’t “Satoshi Nakamoto,” but rather “Craig Wright” or “David Kleiman.” The answer may surprise you. All three men are listed on the Wikipedia article about the Bitcoin project, but the real question is “who invented cryptocurrency?”
When Satoshi Nakamoto created cryptocurrency in 2009, he was trying to give ordinary people control over their money. This decentralized form of money, digital gold, promises to increase in value over time. Not only is it a fast and secure way to make worldwide payments, but it also has a variety of uses and is rapidly becoming one of the most popular forms of payment. But is it legal to create cryptocurrency?
Bitcoin was created more than a decade ago, and the identity of the person who invented it has remained a mystery. Computer experts and amateur sleuths alike have been trying to figure out who invented it. And while the creator of Bitcoin is very wealthy, the mystery surrounding it still enchants many. Recently, the media has identified a Japanese-American man as the mysterious Satoshi Nakamoto. He asked for a free lunch from a local restaurant in exchange for his assistance in creating the cryptocurrency.
Hundreds of people have posited different theories about the identity of Satoshi Nakamoto, and some even question whether the man who invented it is legitimate. Others questioned whether it was a scam or a Ponzi scheme. But as the first cryptocurrency, Bitcoin is now a highly popular and widely used alternative to fiat currency. Satoshi Nakamoto himself has been largely absent from the crypto scene since April 23, 2011.
It is not clear who invented cryptocurrency, but Craig Wright has used the same email account as Satoshi Nakamoto. Wright claims to have been involved in running Bitcoin since January 2009. However, his business interests seem to mirror those of cryptocurrency mining operations. His company claims to be in possession of 1.1 million of the bitcoins that Satoshi Nakamoto left behind, and these bitcoins can’t be moved until 2020. However, if Wright is the one who invented cryptocurrency, it might be a scam.
Kleiman was a close friend of Wright’s, and the two had a joint venture. Kleiman passed away in 2013, and his estate filed a lawsuit against Wright. Although he admitted being involved in the creation of Bitcoin, the estate claimed that his deceased colleague helped him with the project. Kleiman’s estate argued that he had helped Wright develop the early blockchain technology, and the estate wanted a share of the Bitcoins created through the joint venture. Wright argued that Kleiman was lying, and that there was no paper trail of the collaboration.
But some in the Bitcoin community believe that Wright didn’t invent Bitcoin. And if he did, the jury could have asked him to prove his ownership of the coins in the case. If he had been, he could have used the coins to pay Kleiman’s family. But a computer scientist at the University of Western Australia said that Wright’s claim would be like pulling Excalibur from a stone.
According to a new biography, crypto currency inventor David Kleiman never actually received a Bitcoin. Instead, his death was caused by a heart attack. His home was in foreclosure and he never left the Miami VA Medical Center to go to a posh hospital. Kleiman never patented the concept of cryptocurrency, but he did create the idea for it. Kleiman’s family is proud that they’ve preserved the first Bitcoin.
He was adopted by Louis and Regina Kleiman, who lived in Palm Beach Gardens. He was interested in computers since his childhood and would often play with his toys. His computer skills eventually made him a computer forensics expert. He claimed to be the sole inventor of Bitcoin, but his lawyers said he was actually a co-founder. Although the case against Kleiman is still ongoing, many people are beginning to understand that the blockchain technology has great potential for the future of financial institutions.
In a separate case, another computer scientist, Craig Wright, claimed to be the inventor of Bitcoin. A jury in Florida ruled in his favor, awarding him $100 million in damages for cheating his dead friend over his intellectual property. While the jury ruled against Ira Kleiman in the lawsuit, it is important to note that the trial was drawn to a relatively small audience. Moreover, the jury also rejected most claims made against David Kleiman and Satoshi Nakamoto.