4 ms·

The good news is that this is the UK court system. Unless I'm mistaken, the loser is ultimately responsible for the victor's court fees, and in this case, the o

The good news is that this is the UK court system. Unless I'm mistaken, the loser is ultimately responsible for the victor's court fees, and in this case, the other party claims that he is Satoshi Nakamoto, so I think we can pretty safely assume that the other party will win and presumable recover a lot of his expenses (perhaps someone from the UK can let me know how incorrect I am?). Unfortunately, it will likely be quite traumatic and expensive to get through the trial first.

kanzure 4y ago
> I think we can pretty safely assume that the other party will win https://www.coindesk.com/markets/2021/06/29/uk-court-orders-bitcoinorg-to-remove-white-paper-following-craig-wright-lawsuit/ https://www.coindesk.com/markets/2021/06/29/uk-court-orders-... "Unfortunately, the court rules allowed for me to be sued pseudonymously, however, I couldn't defend myself pseudonymously. So I was put in an impossible situation of losing my privacy or losing the case in a default judgment. It sucks, but there's nothing more I could have done, really."
- CobrastanJorji 4y ago
  Ah, so they had to choose between publishing their identity or losing (and therefore owing 35,000 pounds in court fees)? Well, that does suck.
  - nullc 4y ago
    Cobra attempted to pay the 35k GBP but they returned it because he wouldn't identify himself, claiming that AML laws prevented them from accepting the payment without his identity. The 35k was an amount the judge awarded pending a cost assessment from Wright's opposition. The fees were then increased to ~£600k after they submitted the cost assessment, which Cobra attempted to challenge but was denied again on the basis of anonymous parties having no due process rights in the the UK. I have no idea if Cobra has the means to pay such a large amount, if they'd even take it either, but even if he did-- it would be terrible and not just for him personally since all that money would be sunk back into suing other Bitcoin community members.
nullc 4y ago
The UK loser pays is essentially motion by motion, and doesn't normally recover more than 70% of your fees. This means that if you lose a lot before you win, you're screwed-- or even if you only win you're still screwed so long as the costs are great enough. 30% of your own legal costs on a case like this would be enough to ruin a lot of people. You're also screwed if you run out of funding along the way-- which he'll try his damnedest to make happen, but won't work here. It did, however, pretty much work in another lawsuit which should have been a win no easier than ours where the defendant ran out of money mid case and was forced to pull his defense and gain an almost automatic loss. Fortunately, he was able to prove on the way out that Wright brought the case on a fraudulent basis and his loss was reduced to 1 GBP (plus the 900k GBP he already owed from earlier stages, though with the potential for further reductions by a costs judge).

kanzure 4y ago

> I think we can pretty safely assume that the other party will win https://www.coindesk.com/markets/2021/06/29/uk-court-orders-bitcoinorg-to-remove-white-paper-following-craig-wright-lawsuit/ https://www.coindesk.com/markets/2021/06/29/uk-court-orders-... "Unfortunately, the court rules allowed for me to be sued pseudonymously, however, I couldn't defend myself pseudonymously. So I was put in an impossible situation of losing my privacy or losing the case in a default judgment. It sucks, but there's nothing more I could have done, really."

CobrastanJorji 4y ago
Ah, so they had to choose between publishing their identity or losing (and therefore owing 35,000 pounds in court fees)? Well, that does suck.
- nullc 4y ago
  Cobra attempted to pay the 35k GBP but they returned it because he wouldn't identify himself, claiming that AML laws prevented them from accepting the payment without his identity. The 35k was an amount the judge awarded pending a cost assessment from Wright's opposition. The fees were then increased to ~£600k after they submitted the cost assessment, which Cobra attempted to challenge but was denied again on the basis of anonymous parties having no due process rights in the the UK. I have no idea if Cobra has the means to pay such a large amount, if they'd even take it either, but even if he did-- it would be terrible and not just for him personally since all that money would be sunk back into suing other Bitcoin community members.

nullc 4y ago

The UK loser pays is essentially motion by motion, and doesn't normally recover more than 70% of your fees. This means that if you lose a lot before you win, you're screwed-- or even if you only win you're still screwed so long as the costs are great enough. 30% of your own legal costs on a case like this would be enough to ruin a lot of people. You're also screwed if you run out of funding along the way-- which he'll try his damnedest to make happen, but won't work here. It did, however, pretty much work in another lawsuit which should have been a win no easier than ours where the defendant ran out of money mid case and was forced to pull his defense and gain an almost automatic loss. Fortunately, he was able to prove on the way out that Wright brought the case on a fraudulent basis and his loss was reduced to 1 GBP (plus the 900k GBP he already owed from earlier stages, though with the potential for further reductions by a costs judge).