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If he's not Satoshi and doesn't have Satoshi's keys the what is the point of saying he is Satoshi? Seems like a long way to go for some notoriety and no financ

If he's not Satoshi and doesn't have Satoshi's keys the what is the point of saying he is Satoshi? Seems like a long way to go for some notoriety and no financial gain.

brokensegue 2y ago
he did try to gain financially. he forked bitcoin into Bitcoin Satoshi Vision.
- deleted 2y ago
  [deleted]
- hollerith 2y ago
  He also started and made himself CEO of at least 3 cryptocurrency startups. One of those startups (nChain) tried extract patent licensing fees from other cryptocurrency players.
  - nullc 2y ago
    And the story allowed him to setup a Advanced Fee Fraud (nigerian scammer) style gift where his sponsors (e.g. Calvin Ayre) financed Wright to live a million dollar a year spending lifestyle for the last decade. Not to mention the constant pump and dumps based on knowledge and control of good and bad news regarding his claims.
Tuna-Fish 2y ago
He attempted to sue Bitcoin core devs to alter the algorithm to hand over Satoshi's coins. On the basis that he lost the keys and that the maintainers have a duty to him to help him recover them. Every part of the lawsuit was just batshit insane. The most insane part was that an UK court allowed the lawsuit to be heard, and forced dozens of people not living in UK to pay big money to defend themselves.
- solarengineer 2y ago
  Do the defendants have the right and the opportunity to sue for legal fees and damages for having to fight this vexatious court case?
  - nullc 2y ago
    We were awarded our legal fees. However, these the legal fees are only a part of the total cost, which includes lost income from the time expended, disruption of our personal lives, alienation from our passions and professions, damage to our reputations from false claims spread by Wright in furtherance of his fraud, etc. At least one of Wright's targets were hospitalized over stress induced cardiac problems due to the litigation. We can bring separate fraud charges for some of these damages, though they're not likely to be entirely recoverable. However, Wright appears to be a lifelong grifter with little to no personal means to pay any judgement and attaching his sponsors for this litigation would be an extra level of difficulty. Even ignoring the potential of non-recovery, doing so would mean years of additional mud wrestling with this pig ("and the pig likes it!"), and a further impact on our lives which we'd just like to continue. We might be forced to however, because he and his conspirators seem to be showing little sign of stopping and going on the offensive might be necessary because simply losing and paying costs may not be enough to stop them.
- pavlov 2y ago
  While the lawsuit was insane, it serves a good reminder that when Bitcoiners proudly proclaim that “governments have no power over them”, it’s not quite that simple in lots of ways. If the governments of the world really started to believe their fiscal powers or national currencies were threatened by crypto, they have an extensive repertoire of tools to shut it down.
  - chabes 2y ago
    I disagree. This lawsuit was against a single individual. There is nothing here that is threatening to crypto as a whole. One thing that will make it harder to regulate as time goes on is that more people will be financially involved. From traditional finance getting involved through funds, to the masses getting involved, the ecosystem has grown far beyond the fringe, and will continue to do so with each successive hype cycle. Hell, many governments themselves have skin in the game now. I’m curious how you think serious crippling legislation or enforcement would play out. EDIT: additional thought… this case protects the industry, not the other way around. The industry was being attacked by a fraudulent individual, and the government defended the industry.
sabhiram 2y ago
We are talking about it aren't we?
lawn 2y ago
He did manage to bamboozle the billionaire Calvin Ayre, who financially backed up Craig. Seems like a pretty fruitful scam to be honest.
- nullc 2y ago
  There is a perennial debate in the community of enthusiasts that track these cases and Wright's escapades to what degree and at what times was Calvin Ayre bamboozled or, at least, the specific form of his bamboozle. There is reasonable evidence that Ayre's most recent involvement is knowing-- in the form of leaked emails where Ayre discusses how his media outlet will spin Wright's faked documents. There is also leaked emails describing of witness bribing, and offers of payments to barristers of 100 million pounds which sound corrupt and not like the actions of someone who thought they were legitimately pursuing justice. By "specific form" what I mean is that it's possible that Ayre doesn't believe (or even never believed) Wright was Satoshi and if so Ayre still could have been conned. One of the most common form of large scale "Big con"'s is a pattern where you convince a mark that you intend to do some fraudulent thing to someone else, and you invite them to participate. This solves a lot of problems for the conman, like "If this is such a great deal, why hasn't someone else taken it? Why offer it to me?", "Why should I keep this a secret", "How could a deal this good be real?", etc.-- (answer: because it's illegal). In any case, the idea is that the mark thinks he's in on the con when he's really the target. "We're totally gonna rob this bank, we just need a minor advance of $20,000 to preload safe deposit boxes..." So tying it back in, Ayre might have at one point believed the claim that Wright was Satoshi... but then Wright might have been forced to admit he wasn't and then invited Ayre to participate in the fraudulent "recovery" of Satoshi's coins. This 'recovery' isn't possible, of course, but Ayre doesn't know that and Wright has milked him for much of a decade on the basis of that ignorance. When the facts are kinda fuzzy it can be hard to tell which explanation is the simplest that is consistent with the facts.
bdcravens 2y ago
He received quite a bit of financial gain, latching on to and being funded by Calvin Ayre (of online gambling fame)

If he's not Satoshi and doesn't have Satoshi's keys the what is the point of saying he is Satoshi? Seems like a long way to go for some notoriety and no financial gain.

brokensegue 2y ago

he did try to gain financially. he forked bitcoin into Bitcoin Satoshi Vision.

deleted 2y ago
[deleted]
hollerith 2y ago
He also started and made himself CEO of at least 3 cryptocurrency startups. One of those startups (nChain) tried extract patent licensing fees from other cryptocurrency players.
- nullc 2y ago
  And the story allowed him to setup a Advanced Fee Fraud (nigerian scammer) style gift where his sponsors (e.g. Calvin Ayre) financed Wright to live a million dollar a year spending lifestyle for the last decade. Not to mention the constant pump and dumps based on knowledge and control of good and bad news regarding his claims.

Tuna-Fish 2y ago

He attempted to sue Bitcoin core devs to alter the algorithm to hand over Satoshi's coins. On the basis that he lost the keys and that the maintainers have a duty to him to help him recover them. Every part of the lawsuit was just batshit insane. The most insane part was that an UK court allowed the lawsuit to be heard, and forced dozens of people not living in UK to pay big money to defend themselves.

solarengineer 2y ago
Do the defendants have the right and the opportunity to sue for legal fees and damages for having to fight this vexatious court case?
- nullc 2y ago
  We were awarded our legal fees. However, these the legal fees are only a part of the total cost, which includes lost income from the time expended, disruption of our personal lives, alienation from our passions and professions, damage to our reputations from false claims spread by Wright in furtherance of his fraud, etc. At least one of Wright's targets were hospitalized over stress induced cardiac problems due to the litigation. We can bring separate fraud charges for some of these damages, though they're not likely to be entirely recoverable. However, Wright appears to be a lifelong grifter with little to no personal means to pay any judgement and attaching his sponsors for this litigation would be an extra level of difficulty. Even ignoring the potential of non-recovery, doing so would mean years of additional mud wrestling with this pig ("and the pig likes it!"), and a further impact on our lives which we'd just like to continue. We might be forced to however, because he and his conspirators seem to be showing little sign of stopping and going on the offensive might be necessary because simply losing and paying costs may not be enough to stop them.
pavlov 2y ago
While the lawsuit was insane, it serves a good reminder that when Bitcoiners proudly proclaim that “governments have no power over them”, it’s not quite that simple in lots of ways. If the governments of the world really started to believe their fiscal powers or national currencies were threatened by crypto, they have an extensive repertoire of tools to shut it down.
- chabes 2y ago
  I disagree. This lawsuit was against a single individual. There is nothing here that is threatening to crypto as a whole. One thing that will make it harder to regulate as time goes on is that more people will be financially involved. From traditional finance getting involved through funds, to the masses getting involved, the ecosystem has grown far beyond the fringe, and will continue to do so with each successive hype cycle. Hell, many governments themselves have skin in the game now. I’m curious how you think serious crippling legislation or enforcement would play out. EDIT: additional thought… this case protects the industry, not the other way around. The industry was being attacked by a fraudulent individual, and the government defended the industry.

sabhiram 2y ago

We are talking about it aren't we?

lawn 2y ago

He did manage to bamboozle the billionaire Calvin Ayre, who financially backed up Craig. Seems like a pretty fruitful scam to be honest.

nullc 2y ago
There is a perennial debate in the community of enthusiasts that track these cases and Wright's escapades to what degree and at what times was Calvin Ayre bamboozled or, at least, the specific form of his bamboozle. There is reasonable evidence that Ayre's most recent involvement is knowing-- in the form of leaked emails where Ayre discusses how his media outlet will spin Wright's faked documents. There is also leaked emails describing of witness bribing, and offers of payments to barristers of 100 million pounds which sound corrupt and not like the actions of someone who thought they were legitimately pursuing justice. By "specific form" what I mean is that it's possible that Ayre doesn't believe (or even never believed) Wright was Satoshi and if so Ayre still could have been conned. One of the most common form of large scale "Big con"'s is a pattern where you convince a mark that you intend to do some fraudulent thing to someone else, and you invite them to participate. This solves a lot of problems for the conman, like "If this is such a great deal, why hasn't someone else taken it? Why offer it to me?", "Why should I keep this a secret", "How could a deal this good be real?", etc.-- (answer: because it's illegal). In any case, the idea is that the mark thinks he's in on the con when he's really the target. "We're totally gonna rob this bank, we just need a minor advance of $20,000 to preload safe deposit boxes..." So tying it back in, Ayre might have at one point believed the claim that Wright was Satoshi... but then Wright might have been forced to admit he wasn't and then invited Ayre to participate in the fraudulent "recovery" of Satoshi's coins. This 'recovery' isn't possible, of course, but Ayre doesn't know that and Wright has milked him for much of a decade on the basis of that ignorance. When the facts are kinda fuzzy it can be hard to tell which explanation is the simplest that is consistent with the facts.

bdcravens 2y ago

He received quite a bit of financial gain, latching on to and being funded by Calvin Ayre (of online gambling fame)