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Controversially Self-Proclaimed Satoshi Nakamoto, Craig Wright responded to CFTC request

Craig Wright, the controversially self-proclaimed Satoshi Nakamoto, filed two papers on February 15 in response to an Agency request for industry input and feedback on mechanics and the Ethereum market (ETH). The chief scientist of nChain, Craig Wright, presented two comments, almost identical to the US Commodity Futures Trading Commission (CFTC). The deadline to the CFTC data entry request (RFI) for these responses was set for February 17.

The agency has given the following reasons for collecting the information:

“The entry will promote the CFTC mission to ensure the integrity of the derivatives markets as well as monitor and reduce systemic risks by increasing legal certainty. RFI seeks to understand the similarities and differences between some virtual currencies, as well as the opportunities, challenges and risks associated with using ETH. ”

Both commentary letters to the CFTC, attributed to Wright, confirm his claim that he worked “under the pseudonym Satoshi Nakamoto”, and with this name he allegedly “completed the project launched in 1997, which was filed with the Australian government AusIndustry, registered in the Department of Innovations as BlackNet ”.

The BlackNet project had caused a lot of controversy on Twitter over the past week, given Wright’s claims over completing the project seven years before the Bitcoin White Paper was published. BlackNet was introduced to the Australian government in 2001.
One group of editors claims that BlackNet stole the idea of ​​the official Bitcoin White Paper which was published in October 2008. This paper contained significant corrections to an earlier project that was published by Satoshi in August 2008.

In his comments for CFTC, Wright argued that:

“The amount of misunderstanding and false information that spread about Bitcoin led me to decide to become more public. The system I created was partly designed to do away with as much fraud as possible. Lack of understanding led to the proliferation of old fraudsters in the new environment. ”

In addition to Wright many people responded to the CFTC including members of the Ethereum Foundation, Coinbase, Consensys, and the R3 blockchain consortium. The ErisX cryptocurrency exchange, based in Chicago, used its letter with comments to CTFC to substantiate the supposed positive impact of regulated ETH futures contracts.

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