The idea of Bitcoin started in 1998
Bitcoin emerged in 2009 – anyone involved in the digital asset space knows that. What if I told you that the preparations for Bitcoin to be launched started much earlier, back in 1998?
We have witness statements in court that document this claim. In the Norwegian court case Granath vs. Wright told Bitcoin inventor Dr. Craig Wright the whole story of Bitcoin in detail. In his testimony, Dr Wright explained how he has been working on an internet-based payment and token system since 1998. The reason for his efforts at the time was to find a more efficient system of settlement and payments that could be used at the Australian Stock Exchange and in banks.
This short video shows the part of his testimony that mentions the remarkable information.
Why is 1998 important to Bitcoin?
With Dr. Wright’s testimony, we have a trail to follow. In the trial Granath vs. Wright there have been many other testimonies that corroborate Dr. Wright’s statements. However, let’s try to follow the track on our own instead.
For example, I found a 2014 interview conducted by CCTV News, which lists Dr. Craig Wright as a cybersecurity expert. It proves that in 2014 the inventor of Bitcoin was already consulted by news media regarding code wars and more:
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In the CCTV News interview, Dr Wright says that cyber attacks are financial attacks and for companies to better secure their infrastructure there needs to be a financial benefit. It is interesting because Bitcoin uses financial incentives to secure the blockchain network.
Furthermore, Dr. Wright has been active in information security issues via GIAC. Founded in 1999, GIAC specializes in technical and practical certifications for information security. On the GIAC site you will find articles published by Dr. Wright dating back to 2007. For example, the piece “Electronic Contracting In An Insecure World” from 2008 is still available here. Wait, electronic contract? Have you ever heard of Bitcoin’s smart contract capabilities?
In Dr. Wright’s paper Solving Double-Sending, the academic development of electronic cash is reviewed and discussed. This article is a trip through the history of digital payment systems going back to authors from 1994 – and answers how Bitcoin has solved the electronic money puzzle once and for all.
Satoshi Nakamoto mentioned Bitcoin and IPv6 in 2014
What really boggles my mind is a video from 2014, where Dr. Wright discussed the combination of IPv6 and Bitcoin. At the time, Dr. Wright said:
Bitcoin is the foundation of a secure internet. We don’t want SSL in the future, we want IPv6, which enables end-to-end communication. And Bitcoin can actually be integrated into it now. Most people don’t realize it, but it will enable secure, firewalled, end-to-end mobile domains.
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That was in 2014, and for almost eight years – until now – nothing of the sort has happened. But recently, Dr. Wright connected with Latif Ladid, the founder of the IPv6 forum, and now experts are precisely discussing the benefits of IPv6 and blockchain integration.
The above testimony in court presented the information that the idea of Bitcoin started in 1998. We find traces of Dr. Wright being active in information technology as a professional since at least 2007. He foresaw the potential of Bitcoin and IPv6 long before anything in that direction was being worked on, but now it is.
Regarding the trial Granath vs. Wright, one of the most important testimonies came from Neville Sinclair, who has worked at BDO with Dr Wright. Sinclair testified that Dr. Wright presented a project titled “Timechain” to BDO – and that was before 2008. The term “Timechain” is an early description of what a blockchain does – timestamping events on a public ledger.
Identity is not a democratic vote. All the so-called Bitcoiners out there don’t decide by a Twitter poll who Satoshi Nakamoto is. The whole story of Bitcoin can be read here: How Bitcoin was saved.
Furthermore, we recommend viewing Dr. Craig Wright’s full testimony in court:
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Watch: Dr. Craig Wright’s Keynote: A Better Internet with IPv6 and BSV Blockchain at the BSV Global Blockchain Convention
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New to Bitcoin? Check out CoinGeeks Bitcoin for beginners section, the ultimate resource guide for learning more about Bitcoin – as originally envisioned by Satoshi Nakamoto – and blockchain.
