‘Bitcoin Creator’ Craig Wright Is *Actually* Looking to Patent Blockchain Technology

By June 20, 2016Bitcoin Business

Australian businessman Craig Wright, the man who previously claimed to be the inventor of bitcoin, is looking to amass a massive number of patents that is predictably centered around blockchain technology.

Bitcoin is garnering plenty of attention in recent times due to its tremendous surge in value. Headlines are being written with investor gurus among others proclaiming it to be digital gold. Many proponents go a step further, seeing the cryptocurrency as a better store of value than the traditional precious metal.

The last time Bitcoin amassed such coverage, an Australian named Craig Wright stepped up and summoned a select handful of publications. He then claimed to be Satoshi Nakamoto, bitcoin’s mysterious and pseudonymous inventor. His announcement made mainstream headlines around the world. Excitement soon made way to cynicism and within days, Craig Wright had retreated, apologetically .

He’s back in the headlines now. In an intriguing new account of Wright, novelist Andrew O’Hagan, a journalist who spent six months with Craig Wright shares a wide-ranging account of the entire affair. O’Hagan was right by Wright from the initial Wired- and Gizmodo-led outing to his own subsequent self-proclaimed reveal as Satoshi Nakamoto. Owning a Patent Empire as Satoshi Nakamoto

While the entire account of O’Hagan is entirely worth your time, a quick takeaway is just how significant it was and is to buy into the notion that Craig Wright is Satoshi Nakamoto. Associates and financial backers of Craig Wright are outlining plans to apply for “hundreds” of patents, patents devised with Wright front and center as Satoshi Nakamoto.

An excerpt from O’Hagan’s account reads: Wright and his people were preparing dozens of patents, and each invention, in a specific way, looked to rework financial, social, legal or medical services, expanding on the basic idea of the ‘distributed public ledger’ that constitutes […]

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