Craig Wright Answers CFTC Request For Input on Ethereum


nChain chief scientist and better known for his controversy of claiming to be the “real” Satoshi Nakamoto has recently been reported to have submitted two near-identical comment letters to the United States Commodity Futures Trading Commission (CFTC).  Wright filed these two documents during February 15th in response to the agency’s request from the industry’s input and feedback on Ethereum’s mechanics and market.

The deadline to send a response to the CFTC’s request for input on this subject was set for February 17th, the agency has outlined their reasons behind gather information as follows:

“The input […] will advance the CFTC’s mission of ensuring the integrity of the derivatives markets as well as monitoring and reducing systemic risk by enhancing legal certainty […] The RFI seeks to understand similarities and distinctions between certain virtual currencies […] as well as Ether-specific opportunities, challenges, and risks.”

Both of the letters sent to the CFTC attribute to Wright affirmation on his climes of having worked “under the pseudonym of Satoshi Nakamoto,” with which he purportedly “completed a project […] started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet.

According to a Tweet published by Wright on February 10th, Blacknet was an alleged precursor to bitcoins and was originally submitted to the Australian government sometime during 2001.

This tweet of the BlackNet project caused quite the buzz on the net due to how controversial such message was during this past week, especially with Wrights ongoing claims of having completed it seven years before the publication of the Bitcoin white paper, as well as its interesting similarity to the textual details found on the letter.

Certain internet sleuths have gone on to argue that the BlackNet paper has appropriated the official bitcoin white paper, which was originally published during October 2008, with a notably contained significant correction to a much earlier draft that had been shared by Satoshi during August 2008. By reproducing the original copy, internet sleuths have contended that the 2001 R&D paper betrays itself as a jape intended to misrepresent Wright as the one true creator for the cryptocurrency known as Bitcoin.

Wright went on to further claim in his letter to the CFTC:

“The amount of misunderstanding and fallacious information that has been propagated concerning bitcoin […] has resulted in my choice to start to become more public. The system I created was designed in part to end fraud as best as that can be done with any technology. The lack of understanding […] has resulted in […] a dissemination of old scams.”


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Keith Wang

Keith Wang is a writer and programmer specializing in bitcoin and blockchain technology. Keith has been a long time believer of bitcoin and blockchain technology and spends his free time following up with blockchain news. You can contact Keith at keith@cryptomenow.com

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