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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 ke

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.
nullc 2y ago
> Doesn't make a lot of sense though, does it? Sure it does, the billionaire's money spends just as well regardless of the ultimate outcome. In fact, in a sense its better for Wright to lose: "Well shucks if it weren't for that pesky court I totally would have reimbursed the funds you advanced me!"
- rideontime 2y ago
  lol that greg maxwell himself got downvoted for this. people clearly aren't familiar with how craig operates, this reads like a shitpost but is probably exactly what he was thinking.
  - deleted 2y ago
    [deleted]
bitnorbert 2y ago
One of his lawsuits was to force Bitcoin developers to code a hard-fork of Bitcoin's consensus rules that would sign over a large amount of coins to him. This, too, is crazy and would never work in practice, but it paints a picture of what his plan could possibly have been.

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.

nullc 2y ago

> Doesn't make a lot of sense though, does it? Sure it does, the billionaire's money spends just as well regardless of the ultimate outcome. In fact, in a sense its better for Wright to lose: "Well shucks if it weren't for that pesky court I totally would have reimbursed the funds you advanced me!"

rideontime 2y ago
lol that greg maxwell himself got downvoted for this. people clearly aren't familiar with how craig operates, this reads like a shitpost but is probably exactly what he was thinking.
- deleted 2y ago
  [deleted]

bitnorbert 2y ago

One of his lawsuits was to force Bitcoin developers to code a hard-fork of Bitcoin's consensus rules that would sign over a large amount of coins to him. This, too, is crazy and would never work in practice, but it paints a picture of what his plan could possibly have been.