Bitcoin Creator Satoshi Nakamoto Could Be Unmasked at Florida Trial

Bitcoin Creator Satoshi Nakamoto Could Be Unmasked at Florida Trial

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  1. I wish journalists would at least try harder. Such poor coverage erodes trust in the media.


    The headline of this article: “**Lawsuit over a $64 billion cache looks beyond the pseudonym to solve the mystery of who created the cryptocurrency**”


    [A ruling by one of the judges handling the case](

    “**First, the Court is not required to decide, and does not decide,
    whether Defendant Dr. Craig Wright is Satoshi Nakamoto, the inventor of the Bitcoin cybercurrency.**”

    It couldn’t get any more unambiguous than that.

    To perpetrate a refundable tax credit scam Wright claimed to have created Bitcoin with the help of his deceased friend– it appears he invoked his friend to help cover for the substantial shortcomings in his own technical understanding, scheduling impossibilities etc.

    After the estate of the deceased friend found out, they asked Wright for their share of assets that Wright claimed they created together. Wright promised to compensate them but strung them along and eventually they sued. That is what this case is.

    Wright could end the case in an instant by admitting his claims were false, but doing so would expose the rest of his fraud which has grown substantially since then because he has been *selling* shares of this “satoshi fortune”. So instead Wright is trying to defend the case by continuing to allege that he created Bitcoin by claim that the friend wasn’t actually involved. This isn’t working so well due to the thousands of provably forged documents he created previously, many of which invoke the friend. (and even where they don’t they expose Wright’s dishonesty).

    The case is trying to determine if the deceased was Wright’s business partner. That’s it. Wright asserts to be bitcoin’s creator, and the prosecution is happy to take his word for it– if they didn’t their case would be dead. They’re *entitled* to take his word for it: The court is not an independent arbiter of truth, it’s an arbiter of the dispute of the parties that have come before it.

    So nothing about this case will decide or determine anything about the creation of Bitcoin. About the only thing related that it has done is put hundreds of provable forgeries and falsehoods into the public record over the last couple years, which should have extinguished even the smallest lingering doubt anyone had of Wright’s involvement.

    In fact, going back to the headline– the true owners of a significant chunk of the “$64 billion dollars” of Bitcoin Wright claimed are his during this case produced digitally signed messages calling Wright a fraud:

    Other than the discovery leading up to the case bringing more of Wright’s fraud into the sunlight this case isn’t that interesting to people who aren’t part of it. Regardless of the outcome Wright and his conspirators are going to declare it a victory: If the court finds that a partnership didn’t exist, Wright will say it vindicates him as the sole creator of bitcoin. If the court finds that a partnership did exist, Wright will say it vindicates him as the joint creator of Bitcoin. Of course, it doesn’t do either of these things– because as the court itself said: Wright’s role in Bitcoin’s creation isn’t a matter before the court in this case.

    The real story is fascinating, at least to anyone whos interested in cons and true crime. Unfortunately, Wright uses vicious SLAPP lawsuits against anyone who tells the real story: He’s suing me for $7 billion dollars in damages. A UK bitcoin journalist has spent millions on his defense and had to put his home in hoc. So you’re not likely to hear a frank and honest description in the press, or at least not too often.

  2. His recent public threats regarding Coinbase, Twitter, etc could backfire tremendously on Calvin / Craig.

    Threatening public companies with ligation for reasons of private financial gain is technically a form of racketeering.

    A motivated prosecutor could probably make the case. Seems like it would be in the industries collective interest to pursue this, given the current stalemate with SEC vis-a-via “manipulation concerns”. This would be a good first step in letting the public know that outright grifters and scammers will not be tolerated.

  3. Satoshi is the person who can sign a message with the genesis block key.

    Sign the message. Publish the message. Let me verify it independently.

    If the genuine owner of the genesis block has lost or purposefully destroyed the key, then Satoshi is dead.

  4. tldr; A lawsuit over a $64 billion cache aims to unveil the true identity or identities behind the pseudonym Satoshi Nakamoto, answering the enduring question of who created the cryptocurrency.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  5. Wright’s claim to be Satoshi is unrelated to the Kleiman case

    Ira Kleiman is claiming that Wright and Dave Kleiman had a partnership to mine Bitcoin together, splitting the proceeds 50:50. Dave Kleiman died in poverty, some months before Bitcoin’s price surged

    It’s likely the keys for these mined coins are permanently lost. It was common for early miners to discard the keys to their then-worthless Bitcoin. During pre-trial hearings, Wright tried to have the suit dismissed on these grounds – but he can’t prove a negative, that the coins are lost. So the case drags on, now with a jury hearing evidence

    It’s possible that Dave Kleiman had 350,000 BTC on a hard disk which was destroyed by Ira Kleiman shortly after Dave’s death. This can not be proved either way

    This Craig Wright story is fascinating, relevant to the Kleiman case

What do you think?

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