Labor Day Sale! Save 33% on All Access

Craig Wright Will Not Give Further Evidence He's Bitcoin's Creator 'I do not have the courage. I cannot,' Wright wrote in a blog post.

By Reuters

This story originally appeared on Reuters

Reuters | Benoit Tessier

Australian tech entrepreneur Craig Wright, who earlier this week said he would provide "extraordinary proof" that he was the creator of digital currency bitcoin, will not provide any further evidence, according to a post on his blog on Thursday.

Wright did not say his earlier claims were false, however. He said he had not deceived lead developer Gavin Andresen and bitcoin consultant Jon Matonis, both of whom had written blogs in which they said they believed him to be bitcoin creator Satoshi Nakamoto, a name assumed to be a pseudonym.

Uncovering Nakamoto's real identity would solve a riddle dating back to the publication of the open source software behind bitcoin in 2008, a year before its launch.

"I'm sorry. I believed that I could do this. I believed that I could put the years of anonymity and hiding behind me," Wright wrote.

"But, as the events of this week unfolded and I prepared to publish the proof of access to the earliest keys, I broke. I do not have the courage. I cannot."

After coming under pressure to provide more credible evidence that he was bitcoin's creator, Wright had published a post on Monday that said he would post "independently verifiable documents and evidence" that would back up his claims. The post could no longer be found on the blog site.

(Reporting by Jemima Kelly; Editing by Mike Dolan)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Branding

How to Build a Tech Brand That Stands Out in a Competitive Market

Using the strategies outlined in this guide, your tech brand can achieve lasting success and recognition.

Franchise

Jersey Mike's Has Opened Over 1,000 New Stores in the Past 5 Years And Is Planning 300 International Outposts – Find Out Where

The brand, which has been steadily growing its footprint across the U.S., plans to open 300 new locations in another country over the next several years.

Starting a Business

How to Transform Your Idea into an Empire in 5 Steps

Drawing from personal experience and real-world examples, the article outlines five proven steps to help entrepreneurs transform their vision into a thriving empire, from identifying market needs to effective product development to ensuring long-term profitability.

Business News

Nick Offerman's Side Hustle as an Actor Helps Fund the Business He Started 23 Years Ago — and Still Works at Every Day

Offerman started a business more than two decades ago. Now he's teaching a new generation of small business owners.