Bitcoin founder claims provoke fresh round of squabbling

London

AS ONE would-be father of bitcoin falls by the wayside, squabbling among the Web-based currency's lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but may lack a governance structure to achieve this.

The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin - which allows users to move money across the world quickly and anonymously - but then said on Thursday he could not provide further evidence to back this up.

Mr Wright stopped short of reneging on his claim to be Satoshi Nakamoto, assumed to be a pseudony…