Bitcoin: Sydney home of suspected founder Craig Steven Wright raided by AFP over ATO warrant
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Updated December 09, Australian Federal Police have raided the home of a Sydney-based technology entrepreneur who has been identified as the suspected inventor of digital currency Bitcoin. However, bitcoin creator house raided police operation is not believed to be related to reports in two technology publications — Wired and Gizmodo — that this morning published claims based on leaked documents that provide some of the best evidence yet that Dr Wright was bitcoin creator house raided co-creator of internet currency Bitcoin.
The inventor of Bitcoin remains one of the internet's biggest mysteries, since the paper outlining the vision for Bitcoin and the code for the software were released in and Asked if his involvement in Bitcoin was "mining", slang for using computation power to power the Bitcoin technology and keep the transactions moving, Dr Wright paused before saying "a long time ago".
Bitcoin is a digital cryptocurrency that is decentralised and operates using a peer-to-peer network. Bitcoin is essentially a code that is traded between two people, with the transaction confirmed by other users on the peer-to-peer network and added to the continuous "blockchain" — a public ledger of all Bitcoin transactions. The Wired and Gizmodo reports bitcoin creator house raided Dr Wright and American computer expert Dave Kleiman, who died inwere involved in the development of Bitcoin.
Bitcoin creator house raided Uniting Church said that was incorrect. Dr Wright told the Bitcoin Investor Conference he was "a former academic who these days does research commercially, which no-one ever hears about". He also currently heads up Bitcoin-related businesses, one of which in May boasted it controlled one of the fastest super-computers in the world. The website Top listed the computer as being the 15th fastest, in its June listing, withcores pushing out a phenomenal 3, teraflops per second andGB of RAM.
The ABC has also spoken to former neighbours of Dr Wright, who said he spent a long time building networks and fiddling with servers. First posted December 09, More stories from New South Wales. If you have inside knowledge of a topic in the news, contact the ABC. ABC teams share the story behind the story and insights into the making of digital, TV and radio content.
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