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"Faketoshi" as he's known in the community always finds a new way to NOT be able to prove he has access to the early mined coins. It's honestly comical at this
by ddtaylor 5y ago
"Faketoshi" as he's known in the community always finds a new way to NOT be able to prove he has access to the early mined coins. It's honestly comical at this point the different bullshit he comes up with. My favorite so far was finding an existing signature on the blockchain from Satoshi, modifying the data, then publishing the signature with different data in an attempt to claim to be the creator of Bitcoin. Everyone called him out on his bullshit and a few months later he came up with a new scam, which is exactly what he'll do after this attempt fails.
Craig Wright will never sign a message with the original private keys or move the coins in a way that proves his involvement or ownership of the first mined coins. He is a fraud.
- me_me_me 5y agoI AM THE KING! Why does everyone keep ignoring me and my orders? What is sad is that anyone is even talking about this guy. From the beginning people pointed out he is lying and yet he is still somehow able to be talk about. Most obvious con-man that is still able to stay in public spotlight.
- bryanrasmussen 5y agohow does this con-man make money off his cons though?
- gerikson 5y agoHe's got a direct line to Calvin Ayre's money.
- Nextgrid 5y agoHe's a household name in the crypto world. Sure, not in a good way, but any publicity is good publicity right? He could offer his services to various blockchain-focused startups in which he'll fit right in considering said startups' objective is often to get money off clueless VCs by throwing the "blockchain" buzzword around (there are very little legitimate use-cases for a blockchain that can't be served by a traditional database, and a truly decentralized blockchain can't easily be monetized to the level a VC would want).
- bitxbitxbitcoin 5y agoThe people in Bitcoin that don’t understand public/private key cryptography. That is who Faketoshi leads.
- nullc 5y agoHe has a bad habit of suing former business partners that don't do exactly what he wants. E.g. he's currently suing the second and third person from the left in this photo https://i.redd.it/ph8slk43st331.jpg https://i.redd.it/ph8slk43st331.jpg and the person on the right is the rube that is financing most of Wright's litigation.
- xyzzy123 5y agoHe's a temporarily embarrassed billionaire, he just needs some funds to access his rightful fortune. You don't even have to believe him - you'd just have to believe (or see viable risk/reward) that he has a shot at a successful legal attack.
- nullc 5y agoExactly. Wright claims to own around $50 billion dollars worth of cryptocurrency which he cannot access. Let's say he manages to convince you that he has 1% chance of success at obtaining these funds-- something you could believe even if you know he's a fraud, you just have to have a low opinion of the courts and misunderstand how Bitcoin works (which many people do, see this discussion!). If offers you a 10% stake in his victory, what would you pay for that? Well under the 1% assumption you might be willing to pay $25 million dollars (half the expected value). The buyers error is just in flawed reasoning about the odds of success, but people are notoriously bad at reasoning about fringe events and a lot of people don't understand Bitcoin. For Wright, the fact that his effort cannot be successful is actually a very good property: It means that he can safely sell more than 100% of his fictional fortune: He doesn't have to worry that he'll win and then have to pay out >100%. Instead, he'll lose and tell his investors "Sorry, gave it our best shot but you always knew this was a risky deal!". In that case his income from the scheme is only limited by how many suckers he can bring in... 100 people paying 25m for a '10%' stake would yield a 2.5 billion dollar windfall. And if you don't think there are at least 100 suckers out there with 25 million to blow you haven't been paying attention to all the defi/ico/nft noise the last couple years. Right now we know of one major self-claimed billionaire that Wright is exploiting, but there may be many others-- particularly in Asia where language barriers make it much easier for Wright to isolate victims from discrediting information.
- vintermann 5y agoThere are a lot of scams which start off with step 1: "Convince people that you have a lot of money".
- ASalazarMX 5y agoStrong "Norton I, Emperor of the United States and Protector of Mexico" vibes.
- tim333 5y agoHe's launched a lot of legal actions in recent times that make him hard to ignore.
- democracy 5y agoBecause noone in the real world know or cares about him. In the land of clowns...
- jes 5y agoWhat if Craig Wright is suffering from mental health problems similar to those that affected Terry Davis, the author of Temple OS? I understand the Craig Wright is violating the norms of public behavior. I think it would be more charitable to not assume that he’s necessarily in his right mind.
- wand3r 5y agoUhhh, wut? Terry built templeOS and spent years working on the project. No one questioned the authenticity of that project and anyone familiar with him or his illness would likely not compare him to Craig Wright. This analogy really falls flat and makes no sense.
- nathias 5y agoDavis had schizophrenia, Wright is a pathological liar, very different diseases, both sadly incurable
- tata71 5y agoWhat if he knew the creator(s) of Bitcoin, and is upset that a dead person had more impact on the world than he believes he ever will?
- Moodles 5y agoHere’s a video of Craig Wright being called out by an actual expert and it’s hilarious https://youtu.be/0thnCDgRJfM https://youtu.be/0thnCDgRJfM. He clearly has no clue how ECDSA signatures work.
- m348e912 5y agoDoes anyone find the other guys claim more interesting? That you can derive private keys after just one transaction.
- aqme28 5y ago(edit: ignore me) Yeah that sounds like he mis-spoke. You can't get the private key from a signature, or the protocol is broken. Edit: I see. It's confusingly worded but that makes sense.
- drexlspivey 5y agoYou can recover a private key from two signatures if they reuse the same nonce. The nonce should be random and only used once as the name suggests
- marcan_42 5y agoAnd this is one of the reasons why ECDSA is a poor standard: it's too easy to accidentally screw it up, and it results in the worst possible kind of compromise (private key). There is a better way: make the nonce a hash of the message signature and the private key. That way you don't need any randomness, and the entire algorithm is deterministic. It is guaranteed (assuming the hash is good, but you need a good hash algorithm to sign things anyway) that no two messages will be signed with the same nonce, and that the nonce cannot be guessed without already having the private key. This is what EdDSA does.
- drexlspivey 5y agoMost modern wallets nowdays use deterministic nonces via RFC 6979. The newly introduced Schnorr signatures also do not have this weakness afaik.
- mellosouls 5y agoMy own preferred theory as a layman is that Wright is Satoshi and has lost the keys.
- sillysaurusx 5y agoOkay? I came up with a theory of ham sandwiches, but I’m no chef. (Thousand island dressing is an underrated addition to almost any sandwich.) There’s nothing to indicate he’s who he claims to be.
- ddtaylor 5y agoOkay, then why can't he login to any of the accounts that Satoshi used originally in 2009? Mailing list accounts, email accounts, etc.
- colejohnson66 5y agoIIRC, his supposed reason is forgotten passwords. Not a great excuse, but also one that could plausibly happen.
- lawn 5y agoOne of the addresses he claims to own has signed a message saying it's not his though...
- tim333 5y agoAnd when, presumably the real Satoshi, did so in 2014. (https://www.forbes.com/sites/kashmirhill/2014/03/06/bitcoin-creator-returns-to-internet-to-say-i-am-not-dorian-nakamoto/?sh=21df65a876bb https://www.forbes.com/sites/kashmirhill/2014/03/06/bitcoin-...)
- nullc 5y agoThen you haven't been paying attention. Wright is continually spouting literal gibberish and technobabble, he's technical inept to the point of hilarity. For example, when asked to explain some C code he claimed that the line declaring a double-type variable were doubling the values. Beyond his ineptitude, Wright has repeatedly claimed he would provide proof, but then when his 'proof' is exposed to expert analysis it turns out to be a provable forgery. Not just once, but over and over again. Forged emails, forged pgp keys, forged digital signatures, forged invoices, forged whitepaper drafts. Not merely falsifiable but actually falsified. It's certantly possible that Satoshi lost whatever keys he had-- but if so he isn't saying anything about it. The idea that Satoshi would lose keys and then make a clown out of himself is just not parsimonious. What is parsimonious is that we know for a fact that Wright has been selling his "fortune" to suckers for a number of years now-- the setup of a classic Nigerian scam: I am a prince in exile but with a small advance from you I can access a vast fortune which I will gladly share with you. At first his excuse was that he couldn't touch the coins without risking the AU government seizing them (due to stealing millions from AU with fraudulent rebates), then his excuse was that the coins were secured by a "bonded courier" (think of the end of Back to the Future 2) and wouldn't be delivered until Jan 2020, and most recently he claims that in Feb 2020 hackers entered his home and hid a 'wifi pineapple' to penetrate his network and steal his coins (of course, the coins haven't moved on the blockchain)...
- sharperguy 5y agoMany media publications really helped him by posting articles about how he "admits" to being Satoshi and has a "very similar email address".
- nullc 5y agoMore recently Wright & co have been paying for a lot of coverage that essentially regurgitates his press releases. The effect is that the reporting is becoming worse. Two years ago it was common for articles to mention that Wright's supposed proof was completely discredited. Today it's common for articles to say that Wright's claims haven't been "conclusively proved yet". There is a big difference between saying that it isn't yet totally conclusive and saying that he tried to provide proof but it was proven to be a fraud! Unfortunately, Wright has shown that he's willing to use SLAPP lawsuits against parties that criticizes him, including journalists. So you have to have deep pockets and a huge tolerance for nonsense to risk publishing something truly critical -- at least if you have enough visibility that he'll care.
- smoyer 5y agoIt's time I finally admit my past to the world - I'm Satoshi Nakamoto. AMA.
- adenner 5y agoI am Spartacus, er Satoshi...
- bitxbitxbitcoin 5y agoThe We Are All Satoshi movement is a real thing :).
- ASalazarMX 5y agoWe are all Satoshi (but without the bitcoins).
- antihero 5y agoHonestly I think it would be quite funny if he wins and developers have to rewrite part of the protocol to give a specific guy money. Would really highlight who's really in control.
- bitxbitxbitcoin 5y agoIt would be funny but it is physically impossible for all the reasons that make Bitcoin desirable.
- ASalazarMX 5y ago> physically impossible You mean ethically questionable? Because it is not impossible.
- nullc 5y agoIt's analogous to suing someone who makes gold jewelry to try to force them to get everyone else to start referring to lead as "gold" and paying gold prices for it.
- ASalazarMX 5y agoThat would be if he was asking for Bitcoin silver to take over Bitcoin. This is like someone asking the bank to give him someone else's massive but abandoned account, if more than half of its clients agree.
- nullc 5y ago> This is like someone asking the bank to give him someone else's massive but abandoned account, if more than half of its clients agree. That isn't how Bitcoin works, however. The protocol is enforced autonomously by each participant all on their own. The only voting like property in Bitcoin is the consensus used to decide the order of transactions in order to reject double-spends. Wright doesn't want to change the order of transactions-- the coins he's attempting to steal haven't moved since 2011. If someone creates a transactions that spends some coins without the required signantures it'll just be ignored by all participants. If some participants adopt backdoored software that allow bypassing the authentication they'll just be ignored by everyone else, it doesn't matter how many do-- all automatically. Even if everyone else adopts that backdoor your own computer will just ignore them and continue the Bitcoin network with other non-backdoored participants. So inherently what he seeks is to replace Bitcoin with an incompatible alternative. The only way that's possible is if people choose to adopt the alternative, call it bitcoin, trade it for bitcoin-prices, etc. He's attempted it already too, he created Bitcoin Satoshi Vision-- his fork that is distributed under a proprietary software license. His conspirators and their victims go around telling people that it's the real bitcoin and that Bitcoin is an imposter. This has been mostly unsuccessful.
- 300bps 5y agoMy favorite was him posting the fake signing and then when he was called out on it he posted a "Goodbye to the world" style message on his blog after taking it down. May 2nd, 2016: https://web.archive.org/web/20160502071722/http://www.drcraigwright.net/ https://web.archive.org/web/20160502071722/http://www.drcrai... May 7th, 2016: https://web.archive.org/web/20160507165900/http://www.drcraigwright.net/ https://web.archive.org/web/20160507165900/http://www.drcrai... If he really were Satoshi, he could literally prove it in 4 seconds beyond any shadow of a doubt. Instead he obfuscates with things like Tulip Trusts that can't be touched until January 1, 2020 and then that date comes and goes (over 2 years ago now!) and nothing happens. https://coingeek.com/what-is-the-tulip-trust/ https://coingeek.com/what-is-the-tulip-trust/ Accused of forgery and perjury by at least one Judge: https://cointelegraph.com/news/judge-slams-craig-wright-for-forged-documents-and-perjured-testimony https://cointelegraph.com/news/judge-slams-craig-wright-for-... And then in 2017 he got the bright idea to start filing patent after patent on anything to do with Blockchain. Why did he wait 8 years after he "invented" it? https://patents.justia.com/inventor/craig-steven-wright https://patents.justia.com/inventor/craig-steven-wright There are like a hundred patents there from 2017 and after! And he has two doctorate degrees (one in Theology!) with two more on the way and a dozen other degrees and certifications. The man is a wonder!
- democracy 5y agoI remember there were records of his blog where he was "downloading java courses on security" at the time when bitcoin was being developed by Satoshi )))