‘Bitcoin Inventor’ Craig Wright Basks in Satoshi Glow as Court Date Looms

June 23, 2019 14:45 UTC

By CCN Markets: Self-proclaimed bitcoin inventor Craig Wright had his fondest wish come true when the capital city of Colombia formally recognized him as Satoshi Nakamoto.

Bogota Grants Craig Wright’s ‘Satoshi’ Wish

Officials in Bogota presented Wright with a fancy certificate affirming him as the creator of bitcoin. The events unfolded at the 2019 Expo-Bitcoin International in Bogota, a week-long crypto conference.

Wright, the chief scientist at nChain, and Jimmy Nguyen, nChain’s CEO, both attended the conference, where they discussed how Latin Americans could use cryptocurrencies to improve their economies. Notably, Wright discussed “bitcoin and the law.”

Certificate: Wright Is Recognized as the Creator of Bitcoin

Nguyen shared Twitter photos of Wright showing off the certificate that proclaimed him bitcoin inventor Satoshi Nakamoto.

Nguyen tweeted:

“Muchas gracias, Concejo de Bogota. Thank you Bogota Council for having Craig Wright speak today about Bitcoin and law, and for the nice honor.”

That said, Colombia is a tiny crypto market, and the majority of the international cryptocurrency industry do not accept Wright as Satoshi.

The certificate was signed by Nelly Mosquera, the president of the Council of Bogota, and local councilman Julio Acosta.

The document declares that “Dr. Craig Steven Wright, most commonly known as Satoshi Nakamoto, is world-recognized as the creator of Bitcoin.”

The certificate further claims that Wright has several advanced degrees, including a Ph.D. in computer science and a doctorate in theology.

Craig Wright: Bitcoin will ‘disappear’

At the conference, Wright discussed how crypto could be used to create a “global connected economy, where the average person can own property, the poorest and most isolated people can trade their goods anywhere on Earth,” according to CoinGeek, a website run by billionaire Calvin Ayre.

Ayre and Wright are allies who believe that bitcoin (BTC) will “soon disappear” and be supplanted by Bitcoin Cash Satoshi Vision (BSV). Despite claiming that he invented BTC, Wright has distanced himself from it, alleging that bitcoin devolved into a vehicle for criminal activity.

In a blistering manifesto, Wright says cryptocurrency should operate within the law and should not be used for crimes. Wright then torched crypto evangelists who claim that BTC can operate outside the law because it’s decentralized. Wright says they’re deluding themselves and are in for a rude awakening.

Mediation in $10 Billion Bitcoin Lawsuit at ‘Impasse’

Last week, Wright attended a mediation conference in Florida as part of the $10 billion federal lawsuit filed against him by the estate of deceased computer genius Dave Kleiman.

Wright and Kleiman were colleagues who began collaborating on bitcoin in 2008 and allegedly mined 1.1 million bitcoin between 2009 until Kleiman’s death in 2013.

Kleiman’s estate wants half of the massive crypto stash, which is worth more than $10 billion using today’s bitcoin price.

This article was edited by Josiah Wilmoth.

Last modified: August 23, 2019 09:32 UTC

@Samantha_Chang

Samantha Chang is a New York City-based financial editor who writes about crypto and business at . She is a law school grad and an alum of the University of Pennsylvania. You can reach her on Twitter at Samantha Chang or email her at schang121@juno.com.