4 ms·

If he is lying, what does he gain by all this?

• raverbashing 11y ago
  I'm not implying this is the case here, but see: https://en.wikipedia.org/wiki/Pathological_lying https://en.wikipedia.org/wiki/Pathological_lying
• jonny_eh 11y ago
  Getting $$ from investors in a planned venture? Speaking gigs? Consulting gigs? Having people think you invented bitcoin can be quite valuable.
• jamesdwilson 11y ago
  From a redditor: "I posted this detailed analysis describing a likely motivation for Craig needing to "prove" he is Satoshi. https://www.reddit.com/r/Bitcoin/comments/3w9xec/just_think_we_deserve_an_explanation_of_how_craig/cxuo6ac https://www.reddit.com/r/Bitcoin/comments/3w9xec/just_think_... The short version is that he made fictional investments in a company by claiming to have transferred his personal "interest" in $29m of bitcoin to the target company. (I.e. no blockchain transfer, just a legal document claiming to transfer that amount of bitcoin.) He then claimed substantial cash R&D credits from those transactions. Australian taxation office (ATO) began investigating. He has paperwork showing the transactions, but knows that ATO might dig around and want to see verification that he truly owned $32m of bitcoin. To cover that, he claims he put all his bitcoin in a trust, where the trustee was another early bitcoiner. Unfortunately, that friend has now passed away, and the private keys are lost. In order for the BS to be even vaguely plausible, he needs to show that he originally had access to $32m of bitcoin. This is why he pretends to be Satoshi."
  • hardlianotion 11y ago
    Doesn't seem that smart to preempt the investigation though. Seems better to lay low and submit "proofs" quietly to ATO and hope for the best...
• randyrand 11y ago
  Fun?