February 15, 2020 / Beginners

Is Craig Wright Satoshi or Faketoshi

The “creators” of Bitcoin have appeared from time to time since the creation of the first cryptocurrency. Some of them were bared immediately, but others caused waves and storms in the ecosystem. Craig Wright is among them. How did this person become the title of “Nakamoto” and what are his rights to Bitcoin based on?

The Beginning Of the Story

The story of the new Satoshi Nakamoto started in September 2015. That time two publications, Wired and Gizmodo, published the investigations on Craig Wright.

Note, that Wright’s blog temporarily became unavailable after these publications while some of the posts edited.

In October, letters were sent from [email protected] including the text:

“I’m not Craig Wright. We are all Satoshi.”

The same unknown sender sent out contacts during the story with Dorian Nakamoto, who was also considered a Bitcoin creator.

Members of the Bitcoin Foundation – John Matonis and Gavin Andersen confirmed this statement after a meeting with Wright. Matonis, in particular, published an article which stated that Craig signed a transaction with the key from the genesis block of Bitcoin.

On May 3, the self-proclaimed Satoshi wrote a post on his blog to prove his identity. Wright promised to provide verification documents as evidence and conduct a transaction using one of the first Bitcoin addresses with 1,000,000 BTC. By the way, it was then that the expert first spoke about the Tulip Trust, which runs the Nakamoto BTC.

Since some time, Wright deleted all old blog records on October 5 and posted an apologizing post.

It would be seemed the pretentious businessman decided to give up sound statements and quietly leave for himself to earn money, but no. According to Reuters, Wright’s offshore company EITC Holdings Ltd filed more than 50 patent apps to register rights to Bitcoin, blockchain and other technical solutions related to cryptocurrency in June.

The result is modest, but it was from Craig Wright’s patent applications (and not from real evidence) that his formation as Satoshi Nakamoto began. Although at this point, the community was already skeptical about the claims of an Australian businessman.

Craig’s Wars: The Dark Side of the Force

The real conflict between Wright and the crypto community began in 2018 when he promoted Bitcoin SV actively.

First, Jihan Wu, the head of Bitmain, accused Wright of being a Blockstream agent, and the main task of the odious businessman was to discredit Gavin. Wu also criticized Wright’s idea of ​​adding opcodes to Bitcoin Cash. Since the accusations were not substantiated by anything, the case ended up in a skirmish on Twitter.

But lawsuits went further. It is known about Wright’s three “high-profile” lawsuits against members of the community:

  1. Against Roger Ver, CEO of Bitcoin.com;
  2. Against podcast Peter McCormack;
  3. Against Twitter user Hodlonaut.

The Supreme Court refused to be tried by Ver and Hodlonaut due to insufficient grounds in the jurisdiction, but Hodlonaut activated his account two months later and sued Wright in Norway. Actually, the dispute should be settled there.

However, the publication of personal data and Craig’s attitude to critics caused a flurry of indignation not only among ordinary users but also among major industry players. So, in response to Wright’s lawsuits, Binance and Kraken announced the delisting of Bitcoin SV.

Craig VS Kleiman

On February 28, 2018, Ira Kleiman, the brother of Dave Kleiman, mentioned by Gizmodo as a co-author of Bitcoin, filed a lawsuit against Wright to recover half of the Bitcoins that Craig Wright allegedly owned (account for 1.1 million BTC).

  • February 28, 2018 – filing the first lawsuit demanding to pay half of the bitcoins owned by Dave Kleiman as a co-author of Bitcoin and compensation for registering the copyright for decisions owned by Kleiman.
  • December 28, 2018 – it becomes known that Craig allegedly transferred 300,000 BTC from the account to the management of international trusts, which violated the agreement with Dave. The second lawsuit is about the theft of 300,000 BTC.
  • April 19, 2019 – Wright provides as evidence a correspondence with Kleiman, which turns out to be fake. After the exposure, Craig removed her from the evidence base.
  • May 4, 2019 – The Southern District Court of Florida obliges Wright to disclose data on bitcoin accounts, as of 2013. In response, Wright sent a list of BTC addresses to the court, which supposedly belongs to Nakamoto, but were copied from the Bitcoin blockchain.
  • July 2019 – it becomes known that access to the Tulip Trust blind trust, where 1.1 million bitcoins are stored, is possible only with the keys of three participants, whose contact is lost. According to the results, Craig could not confirm that he has access to Nakamoto’s addresses but said that he could open them in 2020.
  • In July 2019, at a meeting dedicated to the provision of BTC accounts, Craig made technical mistakes, cried and swore, explaining to the court how Bitcoin works and why he can’t access the trust. He also testified under oath that he was Nakamoto.
  • On August 27, 2019, the Court decided to recover 500,000 BTC from Wright in favor of Ira Kleiman, the representative of the deceased brother. Wright’s lawyers first asked for time to agree on the terms of the peace agreement with Kleiman, then stated that he could not pay this amount, and in January 2020 he successfully challenged the decision.
  • January 13, 2020 – the decision to recover 500,000 BTC was canceled due to the lack of information about the exact amount of cryptocurrency that Craig owns.
  • In January 2020, Wright announced that he had gained access to the addresses of Nakamoto. He received a list of more than 16,000 public keys, but the courier who was supposed to deliver the keys to the Trust’s accounts forgot to bring the private keys. In general, the matter has ended so far. And on February 4, 2020, Wright generally stated that he did not have access to documents confirming his involvement in trust companies and accounts.

Who is Satoshi Nakamoto?

This argument would have put an end to the Craig Wars. If Wright sent 500,000 BTC to Kleiman from the first addresses, then there would be no questions about his identity.

Kleiman filed a lawsuit, without even arguing with Wright’s claims about his authorship of Bitcoin, and the court accepted this as an axiom without requiring evidence. Providing information about Bitcoin addresses was necessary to determine the amount of recovery, and not to confirm authorship.

Back in 2018, WizSec investigated the addresses belonging to supposedly Kleiman and Wright were, in fact, the internal accounts of the Mt.Gox crypto exchange. But no one paid attention to that.

During the dispute, Craig was unable to provide significant evidence of Bitcoin’s authorship and was caught several times on the falsification of correspondence and electronic documents.

The paradox is that the alleged author of Bitcoin is arguing with the relatives of the same ghostly co-author (who is not alive) about who owes how much money. The parties simply acknowledged the existence of each other, not paying attention to the opinion of the rest of the community.

Note, that Craig has not provided any significant evidence of his authorship of Bitcoin, but he successfully promoted Bitcoin Cash, and then his own project – BSV, essentially selling this very Bitcoin in a new “improved” wrapper, without drugs, Silk Road and child pornography.

We are not hinting at anything, but it seems that the reputation, albeit dubious, but the creator of Bitcoin, can become a powerful marketing tool. The main thing is to maintain your fame in the industry, and hype will do its job.


1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

/ Похожие записи