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In Praise Of Craig White...

For giving us a currency with the creator’s face on the ‘note’

In Praise Of Craig White...
In Praise Of Craig White...
outlookindia.com
2016-05-06T21:05:21+05:30

White, an Australian entrepreneur, has outed himself and provided technical proof to back his claim of being Bitcoin’s founder. He explains his long anonymity and use of ‘Satoshi Nakamoto’ as a pseudonym: “I don’t want money. I don’t want fame. I just want to be left alone.” Bitcoin is a currency of virtual tokens rather than physical coins or notes. Like all currencies, its value is determined by how much people are willing to exchange it for. Bitcoin transactions are complex and digital. There are about 15 million Bitcoins in exi­stence, each worth about $499. They are now accepted by over 1,00,000 merchants and used as payment for international money transfers or reward for payment processing on computers. Doubts about its origins had clou­ded credibility. At least now we have a currency with a creator’s face on the ‘note’.

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