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Who is this guy and why is he chasing this kind of clout? It didn’t occur to him that he could prove he is Satoshi in other ways? Is this one of those throw m

Who is this guy and why is he chasing this kind of clout? It didn’t occur to him that he could prove he is Satoshi in other ways? Is this one of those throw mud (lawsuits) at a wall and see what sticks type of guys?

sanex 2y ago
He's been trying to claim he's Satoshi for like 10 years and trying to sue people using the open source code as copyright infringement? Also wants to get everyone on his shit coin. He thinks he's smarter than everyone else but clearly not.
exabrial 2y ago
FTA: > A judge in the UK High Court has ruled that computer scientist Craig Wright lied “extensively and repeatedly,” and committed forgery “on a grand scale” in aid of a years-long quest to prove he is Satoshi Nakamoto, the creator of Bitcoin. Theres some other lawsuits surrounding him that are fascinating: people trying to seize some Bitcoin via injecting rules into the codebase, equity owed from early mining, etc. Start at the wikipedia page!
Nextgrid 2y ago
He conned a billionaire idiot to bankroll his lawsuits under the idea that should they succeed he'll be able to gain control of the Satoshi coins and presumably give the money back + more. I guess after having spent so much money he's so deep in his lies that his only way was to keep going even as the lies started falling apart (his latest round of fabricated evidence was very sloppy, so I assume he couldn't do a better job because he was running out of time/money).
- gweinberg 2y ago
  Doesn't make a lot of sense though, does it? Even if he could convince the judge he was Satoshi, indeed even if he in fact was Satoshi, if he didn't have the keys, he would not be able to spend the coins. Conversely, even if he had no clue who the reals Satoshi was, if he somehow acquired the keys, he would have the coins.
  - throwaway6272 2y ago
    Wright’s rebrand of the Bitcoin codebase named Bitcoin Satoshi's Vision includes support for a central authority to receive a court order or “document of equivalent force” in order to freeze or seize any output. BSV is essentially worthless however ($66) and very thinly traded, so making any claim to coins you do or do not own is rather irrelevant in the scheme of things.
  - Nextgrid 2y ago
    Once he manages to set a legal precedent that he is Satoshi, he could leverage that in his other lawsuits against Bitcoin Core devs to force them to release an update that effectively gives him control of the coins, similar to how the Ethereum community rolled back "The DAO" hack.
    - lostmsu 2y ago
      I don't see how that would be possible considering Bitcoin Core was always open source.
      - Nextgrid 2y ago
        The theorety is that if he got enough legal ammo (and a judgement asserting that Wright is Satoshi would be part of that) he'd be able to force most/all Bitcoin Core devs to push for this change. My understanding is that his legal harassment of Bitcoin Core devs was part of this plan. Of course in reality it would just lead to a hard fork and sow mayhem in the Bitcoin ecosystem.
        im3w1l 2y ago
        It could have some highly amusing consequences if serious legal pressure was put on bitcoin. It could split bitcoin in half, with miners and users rejecting the pressure and picking one side of the fork, and core devs, mainstream exchanges, and hedge funds being vulnerable to the pressure ending up on the other half. The immediate consequence might be hundreds of billions in value evaporating, but if the legally approved fork won, it could lead to bitcoin going all the way to 0 in the long-run, and being replaced by another currency.
PhasmaFelis 2y ago
> It didn’t occur to him that he could prove he is Satoshi in other ways? To be fair, he's limited by not actually being Satoshi.
- olliej 2y ago
  :D

sanex 2y ago

He's been trying to claim he's Satoshi for like 10 years and trying to sue people using the open source code as copyright infringement? Also wants to get everyone on his shit coin. He thinks he's smarter than everyone else but clearly not.

exabrial 2y ago

FTA: > A judge in the UK High Court has ruled that computer scientist Craig Wright lied “extensively and repeatedly,” and committed forgery “on a grand scale” in aid of a years-long quest to prove he is Satoshi Nakamoto, the creator of Bitcoin. Theres some other lawsuits surrounding him that are fascinating: people trying to seize some Bitcoin via injecting rules into the codebase, equity owed from early mining, etc. Start at the wikipedia page!

Nextgrid 2y ago

He conned a billionaire idiot to bankroll his lawsuits under the idea that should they succeed he'll be able to gain control of the Satoshi coins and presumably give the money back + more. I guess after having spent so much money he's so deep in his lies that his only way was to keep going even as the lies started falling apart (his latest round of fabricated evidence was very sloppy, so I assume he couldn't do a better job because he was running out of time/money).

gweinberg 2y ago
Doesn't make a lot of sense though, does it? Even if he could convince the judge he was Satoshi, indeed even if he in fact was Satoshi, if he didn't have the keys, he would not be able to spend the coins. Conversely, even if he had no clue who the reals Satoshi was, if he somehow acquired the keys, he would have the coins.
- throwaway6272 2y ago
  Wright’s rebrand of the Bitcoin codebase named Bitcoin Satoshi's Vision includes support for a central authority to receive a court order or “document of equivalent force” in order to freeze or seize any output. BSV is essentially worthless however ($66) and very thinly traded, so making any claim to coins you do or do not own is rather irrelevant in the scheme of things.
- Nextgrid 2y ago
  Once he manages to set a legal precedent that he is Satoshi, he could leverage that in his other lawsuits against Bitcoin Core devs to force them to release an update that effectively gives him control of the coins, similar to how the Ethereum community rolled back "The DAO" hack.
  - lostmsu 2y ago
    I don't see how that would be possible considering Bitcoin Core was always open source.
    - Nextgrid 2y ago
      The theorety is that if he got enough legal ammo (and a judgement asserting that Wright is Satoshi would be part of that) he'd be able to force most/all Bitcoin Core devs to push for this change. My understanding is that his legal harassment of Bitcoin Core devs was part of this plan. Of course in reality it would just lead to a hard fork and sow mayhem in the Bitcoin ecosystem.
      - im3w1l 2y ago
        It could have some highly amusing consequences if serious legal pressure was put on bitcoin. It could split bitcoin in half, with miners and users rejecting the pressure and picking one side of the fork, and core devs, mainstream exchanges, and hedge funds being vulnerable to the pressure ending up on the other half. The immediate consequence might be hundreds of billions in value evaporating, but if the legally approved fork won, it could lead to bitcoin going all the way to 0 in the long-run, and being replaced by another currency.

PhasmaFelis 2y ago

> It didn’t occur to him that he could prove he is Satoshi in other ways? To be fair, he's limited by not actually being Satoshi.

olliej 2y ago
:D