Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News
      Icasa moves to mandate national infrastructure database

      Icasa moves to mandate national infrastructure database

      12 April 2026
      South Africa's AI policy is a bureaucrat's dream - Solly Malatsi

      South Africa’s draft AI policy is a bureaucrat’s dream

      10 April 2026
      5G expected to reshape South Africa's wireless broadband market

      5G expected to reshape South Africa’s wireless broadband market

      10 April 2026
      Warning that South Africa's digital competitiveness is in retreat

      Warning that South Africa’s digital competitiveness is in retreat

      10 April 2026
      South Africa's biggest banks are lining up behind Optasia - Salvador Anglada

      South Africa’s biggest banks are lining up behind Optasia

      10 April 2026
    • World
      Big Tech is going nuclear

      Big Tech is going nuclear

      10 April 2026
      Software rout deepens as AI fears grip investors

      Software rout deepens as AI fears grip investors

      10 April 2026
      Anthropic mulls building its own AI chips

      Anthropic mulls building its own AI chips

      10 April 2026
      DeepSeek V4 to run on Huawei silicon as China builds its own AI stack

      DeepSeek V4 to run on Huawei silicon as China builds its own AI stack

      4 April 2026
      Amazon in talks to buy satellite operator Globalstar

      Amazon in talks to buy satellite operator Globalstar

      2 April 2026
    • In-depth
      Africa switches on as Europe dims the lights

      Africa switches on as Europe dims the lights

      9 April 2026
      The biggest untapped EV market on Earth is hiding in plain sight

      The biggest untapped EV market on Earth is hiding in plain sight

      1 April 2026
      The R18-billion tech giant hiding in plain sight - Jens Montanana

      The R16-billion tech giant hiding in plain sight

      26 March 2026
      The last generation of coders

      The last generation of coders

      18 February 2026
      Sentech is in dire straits

      Sentech is in dire straits

      10 February 2026
    • TCS
      TCS+ | Vodacom Business moves to crack the SME tech gap - Andrew Fulton, Sannesh Beharie

      TCS+ | Vodacom Business moves to crack the SME tech gap

      7 April 2026
      TCS | MTN's Divysh Joshi on the strategy behind Pi - Divyesh Joshi

      TCS | MTN’s Divyesh Joshi on the strategy behind Pi

      1 April 2026
      Anoosh Rooplal

      TCS | Anoosh Rooplal on the Post Office’s last stand

      27 March 2026
      Meet the CIO | HealthBridge CTO Anton Fatti on the future of digital health

      Meet the CIO | Healthbridge CTO Anton Fatti on the future of digital health

      23 March 2026
      TCS+ | Arctic Wolf unpacks the evolving threat landscape for SA businesses - Clare Loveridge and Jason Oehley

      TCS+ | Arctic Wolf unpacks the evolving threat landscape for SA businesses

      19 March 2026
    • Opinion
      The conflict of interest at the heart of PayShap's slow adoption - Cheslyn Jacobs

      The conflict of interest at the heart of PayShap’s slow adoption

      26 March 2026
      South Africa's energy future hinges on getting wheeling right - Aishah Gire

      South Africa’s energy future hinges on getting wheeling right

      10 March 2026
      Hold the doom: the case for a South African comeback - Duncan McLeod

      Apple just dropped a bomb on the Windows world

      5 March 2026
      R230-million in the bag for Endeavor's third Harvest Fund - Alison Collier

      VC’s centre of gravity is shifting – and South Africa is in the frame

      3 March 2026
      Hold the doom: the case for a South African comeback - Duncan McLeod

      Hold the doom: the case for a South African comeback

      26 February 2026
    • Company Hubs
      • 1Stream
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • Ascent Technology
      • AvertITD
      • BBD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • HOSTAFRICA
      • Incredible Business
      • iONLINE
      • IQbusiness
      • Iris Network Systems
      • Kaspersky
      • LSD Open
      • Mitel
      • NEC XON
      • Netstar
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Telviva
      • Tenable
      • Vertiv
      • Videri Digital
      • Vodacom Business
      • Wipro
      • Workday
      • XLink
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Financial services
      • HealthTech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Policy and regulation
      • Public sector
      • Retail and e-commerce
      • Satellite communications
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » Opinion » David Glance » Reddit shows up journalists in bitcoin saga

    Reddit shows up journalists in bitcoin saga

    By David Glance9 May 2016
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp

    david-glance-180The world last week was treated to another episode in the saga of discovering the real identify of the person behind the creation of bitcoin. Australian Craig Wright announced to journalists and bitcoin “experts” that he was indeed Satoshi Nakamoto and that he had proof of this.

    The whole event was managed through PR firms and non-disclosure agreements which should have given the “journalists” pause for thought, but they insisted they were relying on the opinion of the “experts”, Gavin Andresen and Jon Matonis.

    After some of the “proof” provided by Wright started unravelling, Andresen at least started seeing the error of his ways when he admitted that it was wrong to come out and support Wright’s claim unequivocally. He stopped short of saying that Wright wasn’t Nakamoto.

    Unfortunately, the bitcoin developers decided that Andresen had either been hacked when he announced his support for Wright, or was just showing “inexcusable incompetence” and revoked his access to the bitcoin software code. For the time being, it doesn’t look like he will be given that access back.

    If there was anything positive to come out of the events of the past few months, it has been the demonstration of the effectiveness of discussion site Reddit as a tool for crowdsourced opinion and analysis.

    It was Reddit user JoukeH who initially spotted that Wright’s public claim to have used a cryptographic key to digitally sign the text of a speech by Sartre was faked. He found that the series of numbers appeared elsewhere on the Internet, something that should have been impossible if it was what Wright had claimed it to be. The full deconstruction of Wright’s public evidence for being Nakamoto was published later by security developer Dan Kaminsky leading him to conclude that Wright’s claims were fake.

    Reddit users had from the outset shown scepticism over Wright’s claims and through a series of discussion threads on the bitcoin subreddit explored all of the possible motives, evidence and claims around Wright’s announcements.

    User “andreasma” discussed the process by which he had been approached to be one of the people to “verify” Wright’s claims. He baulked at having to sign a non-disclosure agreement and to take part in a process that should have been entirely unnecessary if Wright had made believable proofs in public.

    Another line of investigation by “redditors” examined the role of David Kleiman, a cryptography expert who had worked with Wright and who was alleged to also have been involved in the creation of bitcoin.

    The investigations haven’t finished with Wright’s sudden decision to not proceed with his proof of being bitcoin’s inventor. Redditors are continuing to find, and disclose, evidence about Craig Wright’s other potential misdemeanours. A recent post details how Wright was alleged to have plagiarised extensively in a book that he authored called The IT Regulatory and Standards Compliance Handbook.

    Craig S Wright ... the Australian who claimed to be behind bitcoin
    Craig S Wright … the Australian who claimed to be behind bitcoin

    When the BBC decided to rely on the evidence of two people to make sense of claims in an area that they had no expertise, they made the assumption that these people were “experts” and so would be able to make a judgment one way or another about the weight of evidence that had been presented. There was nothing scientific in this process. The whole basis was resting on the claim of one person and two people whose expertise was not in the area of the proof that Wright was offering. From a journalist’s perspective, they had a second confirmatory source and so that was all that was needed. Very little questioning or interrogation happened in this process. It went from PR firm to headline without much deliberation in between.

    Reddit on the other hand, operates on the basis of a much larger set of evidence that is scrutinised by a larger number of people. Opinion can be still divided about the full significance of each piece of evidence, but taken as a whole, it makes a much more reliable picture of the truth behind an event such as last week’s press announcements. The user comment voting mechanism in Reddit adds to the ability of important aspects of a discussion to surface to the top.

    Reddit users don’t always get it right. In the hunt for the Boston bombers, potential suspects were being suggested on Reddit with very little evidence. This fact has not escaped redditors making claims in the case of Wright which shows at least that even they are aware of the potential pitfalls of crowd-sourced intelligence.The Conversation

    • David Glance is director of the UWA Centre for Software Practice, University of Western Australia
    • This article was originally published on The Conversation
    Follow TechCentral on Google News Add TechCentral as your preferred source on Google


    Bitcoin Craig Wright David Glance Satoshi Nakamoto
    WhatsApp YouTube
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleTrevor Noah defends Daily Show viewership
    Next Article SA start-up IoT.nxt spots big opportunity in IoT

    Related Posts

    Treasury moves to bring crypto under exchange-control rules

    Treasury moves to bring crypto under exchange-control rules

    25 February 2026
    Bitcoin faces another reckoning

    Bitcoin faces another reckoning

    6 February 2026
    Crypto markets reel as bitcoin slides

    Crypto markets reel as bitcoin slides

    5 February 2026
    Company News
    Vertiv AI Innovation Roadshow returns to Africa as virtual event

    Vertiv AI Innovation Roadshow returns to Africa as virtual event

    10 April 2026
    What South African parents look for in an online school - CambriLearn

    What South African parents look for in an online school

    9 April 2026
    Modernising legacy systems - without the downtime - BBD Software

    Modernising legacy systems – without the downtime

    9 April 2026
    Opinion
    The conflict of interest at the heart of PayShap's slow adoption - Cheslyn Jacobs

    The conflict of interest at the heart of PayShap’s slow adoption

    26 March 2026
    South Africa's energy future hinges on getting wheeling right - Aishah Gire

    South Africa’s energy future hinges on getting wheeling right

    10 March 2026
    Hold the doom: the case for a South African comeback - Duncan McLeod

    Apple just dropped a bomb on the Windows world

    5 March 2026

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Latest Posts
    Icasa moves to mandate national infrastructure database

    Icasa moves to mandate national infrastructure database

    12 April 2026
    South Africa's AI policy is a bureaucrat's dream - Solly Malatsi

    South Africa’s draft AI policy is a bureaucrat’s dream

    10 April 2026
    Big Tech is going nuclear

    Big Tech is going nuclear

    10 April 2026
    5G expected to reshape South Africa's wireless broadband market

    5G expected to reshape South Africa’s wireless broadband market

    10 April 2026
    © 2009 - 2026 NewsCentral Media
    • Cookie policy (ZA)
    • TechCentral – privacy and Popia

    Type above and press Enter to search. Press Esc to cancel.

    Manage consent

    TechCentral uses cookies to enhance its offerings. Consenting to these technologies allows us to serve you better. Not consenting or withdrawing consent may adversely affect certain features and functions of the website.

    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}