Bitcoin Forum

I was reading an article this morning and I saw on it, there is an ongoing legal battle between a computer scientist Craig Wright claiming to gain control of the intellectual property behind the digital currency bitcoin.
 Source (https://www.google.com/amp/s/www.forbes.com/sites/digital-assets/2024/02/07/craig-wrights-high-stakes-legal-battle-over-bitcoins-origin-and-copyright/amp/)
I'm having these thoughts  because since the creation of Bitcoin, Bitcoin has recorded massive and rapid growth since it's developement. The developer, developed it and made his identity unknown. However, what will be the impact ( positive/ negative) on Bitcoin if the developer of the decentralised cryptocurrency bitcoin is known.

As you know, bitcoin is an open-source project, which means a lot of developers are involved, anyone who can make the code better will do it. But what Craig is trying to do is to steal the ownership of the code, and if that happens it would be terrible for the code and for the community. As the owner of the main code, he would try to issue anyone involved in the development... Exchanges and other services will have to pay for using the word Bitcoin, and it will be madness.

Just to be clear, he is not Satoshi, he is just trying to steal the ownership of Bitcoin to fuck up the project and the community.

Anyone who claims to be Satoshi Nakamoto without proof is just a joke. A few people claimed yet to be Satoshi Nakamoto, and eventually they failed to prove it. Most likely, there will be a negative impact if Satoshi Nakamoto discloses himself. He might be arrested, and Bitcoin would collapse. Though Bitcoin code is open source and decentralised, the real creator could influence it if he wanted, which would have an effect like centralization.

Craig Wright has been going for ages
That the court is already considering him a joke
I think the hearing to provide real and valid evidence ends this November 13th.

There would be a dip
Now this dip is going to come from people that don't know that Satoshi doesn't have any control over the blockchain except is mined coins.
And if satoshi is Craig
It would have a lesser effect since he said he is private keys to satoshi Bitcoin wallet (I call bullshit).
I don't understand what you mean.
If more than 51% doesn't accept any update, it would just be noise.
Sue any person that develops it? It's open source,  he wouldn't be stupid to destroy one of the attraction of Bitcoin and do you think the Government would allow such power in a single man?  

How can Bitcoin collapse if satoshi is arrested?
Bitcoin is doing well without his presence
The news would affect the price for sometime but it would recover and move on.
satoshi can't fully influence it, If there is no acceptance to the changes in this source code it would end up like a fork. Bitcoin can only be centralized if 51% of hashpower is with a single body.  If satoshi want to centralized Bitcoin it most be accepted by this said percent and I doubt the community would.
Imo So Satoshi appearance doesn't really have any significant effect on Bitcoin.
 

One thing you have to know is that Craig Wright is NOT Satoshi. Satoshi might reveal himself someday but I do not think it will happen anytime soon especially he has gone this long without revealing his true identity.

Craig Wright has manipulated documents to appear as if he is Satoshi but he is simply inconsistent with his lies that I am sure the court will see right through him.

To be honest, I think if Satoshi were to ever reveal himself, it might have a positive impact on the market itself. Since the founder is known, most people might put their trust into bitcoin more hence the increase in price.

Satoshi’s identity is a mystery and it will stay that way for many years to come.

It's pretty simple: the community would be broken when Satoshi arrest for some reasons. As a result, Bitcoin would collapse. I am not saying it will vanish, but that will impact Bitcoin massively. Let's say Satoshi just revealed himself and will not be arrested. Then he can influence Bitcoin directly. Imagine that Elon isn't Doge's creator, but he can influence Doge. So Satoshi is more powerful than Elon. It will definitely impact Bitcoin based on the Satoshi Movement.

I remember Craig Wright from the early days (2011 onwards). He came across as a sketchy character, and my gut feeling was that he wasn't to be trusted. The claims that he fabricated documents to prove he was Satoshi do not surprise me at all.

Normal people don't do what he does. I think he needs professional help. Just my personal opinion, I am not a mental health specialist.

There is a forum thread (https://bitcointalk.org/index.php?topic=5484211.msg63618795#msg63618795) where you can get unbiased updates from forum members. Craig Wright has been going on for years with his baseless arguments that he is satoshi and he invented Bitcoin. He has not been able to provide any single evidence to back up his claim for a network that is public.
Hopefully at the end of this case he is restrained from making the claims that he is satoshi or that he created Bitcoin.

He could try to use a legal injunction to get the devs to Grant him access to the bitcoins that are suggested to be owned by Satoshi. I don't think he would succeed would that even if the court accepts his claim.

This is not the first time we have had issues of Craig Wright claiming to be the sole creator of Bitcoin, in the person of Satoshi Nakamoto, and I'm sure this will definitely not be his last, as from the look of things, it shows how desperate Mr. Craig Wright is just to take full control over Bitcoin, but I'm happy to see how COPA and it's team of core developers taking drastic step so as to stop Craig Wright ever having full control over Bitcoin, as if such is done, than that will be the starting of the fall of Bitcoin.  Hence, I'm wishing the COPA team good luck as the case continues for the next 5 weeks

Thats a rather far-fetched theory. First, why would Satoshi be arrested in the first place? Do you suspect any illegal activity on his part? If so, then Bitcoin would have been illegal a long time ago, but it clearly is not.

The Sathoshi can’t share his real identity because he get more pressure after the identity was revealed.Many hackers are waiting to get the money which is the bitcoin from the alley of Sathoshi.So he doesn’t share his real id to anyone,but he live the peaceful live without any money demand.Because the money demand is huge in the current economy but the Satoshi will live the free life because of holding bitcoin in their wallet.The Sathoshi can able to run the separate government with the holding bitcoin because he had the bitcoin which has huge demand in the current market.So exchange of bitcoin to Usdt is easy now.

In all of Mr Wright's ramblings, I have never quite found him provide straightforward answers to direct questions thrown at him, such as why not move the original BTC to show he owns the earliest tokens. At least if he is able to move less than a dollar from the Satoshi wallet to prove he has control of it we may just them likely start to believe that he is possibly, the true founder. The things he states also don’t jive with the founding white paper in tone or ideology.  This man is just a narcissistic con man.

If the real satoshi is here, he'd just stomped CSW out of nowhere proving that he's a clown and a joke. People knew about that the developer/s is satoshi nakamoto as referred to himself/herself/themselves. There's no impact anymore if someone claims to be the creator of Bitcoin because there's no proof from those people that they're the real and outright developer. They can't even sign a message from the wallet that Satoshi holds those bunch of Bitcoins so why waste that energy into these clowns?

If you want to follow the court case, this is a good thread to check out: Updates from the COPA v Craig Wright trial. (https://bitcointalk.org/index.php?topic=5484211.0)

And it will remain like that, Satoshi will be anonymous.

Those who claim to be Satoshi is obviously fake, like Craig Wright. And we are no longer interested on his antics as he has nothing to prove to us, to be honest. So if I'm in your shoes, don't be bothered by it. Bitcoin developer is not going to be affected by it.

Craig Wright's been claiming for ages now that he's the man behind Bitcoin, yet he still can't back it up.  Youd think that if you started something as huge and public as Bitcoin, you could easily prove you did it.  Seems like the guy just craves attention whether its good or bad.  He'll probably keep on making noise about being the mastermind behind the first cryptocurrency no matter what happens.  Some people never change.

Maybe one reason why the developer or the founder of bitcoin didn't go public is to avoid conflict. Imagine you are known, and the creation you made becomes popular and in demand. I'm sure many people will take advantage of that and might bother the creators and founders, especially the government. I'm sure they will take legal action in order to take down bitcoin. That's how they will find their way to control bitcoin. So being anonymous and mysterious is the good thing that the creators and founder of bitcoin did, and it also serves as their security so they can still live peacefully. Yes, you can be popular if you decide to be known, but will you exchange your freedom and peaceful life just for popularity? I think maybe there's some, but for a sane and futuristic person, they will choose a peaceful life where they can do what they want.

The Bitcoin network is now too big for an individual. So whatever Craig tried to do, it won't have any negative impact on the development of Bitcoin. He tried to create his shitcoin through a hard fork, but today, people have almost forgotten about it.

He has failed to do the much need proof, which most Bitcoiners would agree to. Signing A bitcoin message from one of those early addresses holding the coins Satoshi mined. Why would we waste time worrying about a scammer and sketcher?

First it has to be clarified that these two are entirely different matters.

Craig Wright is a known scammer who has been trying to fool people into believing he is the real Satoshi Nakamoto (the creator of Bitcoin) for a long time and he is abusing the legal system to give his scam legitimacy. This don't really affect Bitcoin although it can put pressure on anything that has any traces of centralization. For example we saw how this scammer forced the owner of a centralized website called bitcoin.org to remove bitcoin whitepaper for people who connect to the site from a UK IP address.
He will continue abusing the legal system and will continue attacking others including developers.

The other matter is about the real creator of Bitcoin being known. It wouldn't change anything at all. It would just quench our curiosity about his identity and will answer a lot of our questions. However, Bitcoin will remain decentralized as before and everything continues as before too.
The only negative consequence I can think of is some newbies panic selling imagining Satoshi has a huge stash and imagining he would dump it!

Yes, I agree with you. Bitcoin is too big now to be influenced by just one person, even Satoshi himself!

The only thing I don't understand is why some insinuate that Satoshi would be arrested now, if his identity were known to the public. Why would he be arrested? And, by whom?

As far as I'm concerned, Satoshi's revelations remain secret bitcoin is on the rise. Bitcoin is decentralized and it is illegal to use it as it has not yet been fully validated so the revelation of Satoshi's identity will have a negative impact on bitcoin. It is very difficult to find out the owner of the bitcoins as there is no disclosure so far. Craig Wright is not Satoshi he is spreading false information.

It really doesn't matter what is the true identity of Satoshi Nakamoto. Bitcoin is decentralized which essentially means that a single person will not be able to make any arbitrary changes in the algorithm. Every change needs to go through a consensus. If 51% of the Bitcoins miners agree to it, that change will become a part of the algorithm. Remaining 49% may choose to fork out of the network if they do not agree to the change.

So honestly we don't care about the true identity of the mysterious creator of Bitcoin. That is the benefit of a decentralized network.

Since first time bitcoin publish there are never has any real developer talked their self is Satoshi Nakamoto (creator of bitcoin), but have many people claimed their self is the Satoshi Nakamoto and try to fool many people with the scammer trick. I believe there are still alive with real Satoshi Nakamoto and want to publish him self to public to make bitcoin keep stable and not easy controlling by the one person such as happening in altcoin.

I don't think bitcoin can manipulated by one person only and the real Satoshi Nakamoto had private him self more than ten years since bitcoin launched to public. I believe how ever bigger influenced bitcoin if not real Satoshi Nakamoto can't significant effect how many supply of bitcoin right now depend on investors hand.

I think your correct some people see certain area to drag attention , Craig has no proof just want to see how he will manipulate the process to favour him as the weight behind bitcoin , crypto currency. I know he can't succeed  because if he do definitely it will affect the Bitcoin allot because the whole system will be under mortgage and it will be difficult to access many tax or payment will be involved .

I've read about this lawsuit before. It's wonderful that COPA is trying to fight for Bitcoin, trying to prove that Craig is not Satoshi. But the problem is that if they fail, it can lead to more acceptance of the idea of that Craig actually is Satoshi and have a devastating impact on other lawsuits, where Craig would then have an upper hand. But if they win, it can finally be the end of the ridiculous activities of Craig and the remnants of his reputation and claims about being Satoshi. So the lawsuit itself has neither positive nor negative impact on Bitcoin development, but the court decision can play a major role on it in the future.

This is not a new thing when someone says that he is Satoshi and specifically for Craig Wright it is also not just this time he said that he was Satoshi but in the end it just became a joke for us because however someone says that he is Satoshi must show authentic evidence so that we really believe that he is Satoshi but what is currently happening and the words he said are all just baseless nonsense.

Actually it is quite easy in my opinion if someone really wants to consider himself Satoshi because if we really want we can also consider ourselves Satoshi, it's just that trust must of course be based on other people who do admit it, not ourselves who claim that we are Satoshi.
I think the simplest way is just to open Satoshi's bitcointalk account and say that he is Craig Wright then everyone will believe it lol

With the facts presented by the Crypto Open Patent Alliance (COPA), it will be impossible for them to lose this case in a just and fair trial. Losing this case will bring shame and disrespect to the legal system of the UK.

According to a report (https://www.wionews.com/technology/explained-is-craig-wright-the-original-satoshi-nakamoto-the-mystery-of-bitcoin-inventor-reaches-uk-court-688777) the Whitepaper Craig Wright presented as the creator of Bitcoin was written using LaTeX while the original copy is written with OpenOffice. Using metadata it was also discovered that the file that he presented was created in November last year. The legal team of COPA also discovered that one document that this imposter presented was written by Chatbox.

Seeing that he has no chance of winning the case Craig has requested an out-of-court settlement which the plaintiff rejected because they want to utterly silence this criminal. I just hope this case will end the noise of this hungry imposter.

I don't think he'll be arrested, maybe harassed though. It could be possible that some 3 letter agencies "invite" him for a "friendly" talk in some dark room under ground. We know they have a history of doing stuff like this like the case with another developer called Gavin Andresen (https://bitcointalk.org/?topic=6652.0)... On a completely unrelated note, initially Gavin supported Craig Scammer Wright's claims lie about being Satoshi ;)

bitcoin was never something illegal. but procautionary satoshi hid his identity because he was inventing something that hedged against government fiat so didnt want to take any risks
but as we can see by coblee and vitalik being public figures, they have not been grabbed and put into dark rooms. and there is no hidden trap door in bitcoin that governments can gain by interrogation.. so calm down the paranoia

as for the gavin stuff. gavin attended a conference to explain bitcoin to governments. it was not some secret meeting/conspiracy.
in the earlier years gavin also stated he wasnt planning on being lead maintainer forever and years before retiring set a date that would have been around the 2014-15 period of when he was going to step back anyway.. my belief is knowing he was going to retire, he was willing to sell his reputation for a golden handshake goodbye from the community.. and scammer CSW made an offer he couldnt refuse, getting paid to cause some social drama.. he didnt expect the drama to get as far as it did

The developer of Bitcoin creates Bitcoin as an open-source project and to make it more decentralized he ^(Satoshi) leaves all the duty of Bitcoin and his genesis holding.
About the legal battle of Craig Wright, he is just an impersonator claiming to be the creator of Bitcoin without providing genuine proof to back his claim. Besides, last year he lost the Bitcoin Copyright at the England and Wales High Court Division. (https://bitcointalk.org/index.php?topic=5438922.msg61732230#msg61732230)

It depends on what will be the nationality of Satoshi. But regardless if the creator will exposed or not, Bitcoin blockchain is decentralized which means it doesn’t need the creator to run it. So the only problem it will cause if he will suddenly access all his holdings and dump it to the open market because it will surely create panic.

But if we are just talking about the creators identity then Bitcoin doesn’t have any connection on it since Satoshi doesn’t have full control on the blockchain unlike other blockchain that using PoS that creator can easily dominate the decision making by just using his token for voting power.

Craig Wright has identified himself as Satoshi Nakamato several times in the past but was repeatedly rejected as Satoshi Nakamato because he could not produce legal documents. Although Craig Wright has been trying his best to prove himself as Satoshi Nakamato so far, he has been rejected each time for mere credentials. His repeated attempts did not make any impact on the Bitcoin market, but his futile efforts will not be useful for Bitcoin development either.

You need not to worry because bitcoin is a community driven project and it's in good hands. Craig Wright is not Satoshi and all he's been doing is making noise.


It's either this is a typo error or you are writing rubbish. What do you mean that bitcoin is illegal to use? If Satoshi should reveal his identity today, it'll only put him in security risk as some persons may want to rob him but the government cannot arrest him because Bitcoin is not illegal.

This is not a joke, but idiocy. It also means that this person considers the BTC-community to be idiots, because only idiots can believe unfounded statements.

We need and trust only in proof-of-work proof-of-actions, not just words.

Of course, they failed, because they were all Faketoshi. Satoshi Nakamoto didn't leave to return and try to prove his identity. He's gone, which means he's gone forever.

If think about this topic, then probably at first the effect will be negative, but I don’t think that in the long run this will lead to the collapse of the project.


And? He no longer has influence on bitcoin and the BTC-community (decentralized) manages it.

He will be able to influence only economically, by simultaneously selling his entire stock of bitcoin stored in his wallets.

How do you imagine Satoshi Nakamoto's hypothetical intervention leading to bitcoin becoming centralized?

The whole "who's Satoshi Nakamoto?" thing is like the Bermuda Triangle of crypto – shrouded in mystery and full of theories, but no clear answers. While Craig Wright's been waving his "I am Satoshi" flag, most folks raise an eyebrow at his claims. Let's be real, the dude's got more plot holes than a Swiss cheese factory.

Now, imagine if Satoshi strolled out and said, "Surprise, it's me!" Some say the market would moon like crazy, fueled by trust and validation. Others think it might cause a price wobble, depending on how the reveal goes down. Who knows, right?

The bigger picture is that Satoshi's identity might be a forever mystery. But hey, that doesn't stop Bitcoin from chugging along, evolving, and attracting interest. Maybe the real magic lies in the tech itself, not who created it.

There so much money in play it sound like a great way to end up dead

Craig Wright will stop to no end, this guy is completely delusional and I can't believe he is still trying to prove he is the creator, he is clearly not and idk how some people can truly be fooled by this and his "Satoshi vision bitcoin" lol what a load of mumbo jumbo.

 Come on, there are psychopaths of all kinds and he is one, he lost his way, it's that simple, there is no reason to get involved in how he is doing it beyond the morbid desire for money but perhaps the most "INRI" thing, believing himself to be satoshi, and that in itself, is the response to those who believe him.  Who creates anonymity and then says, "it's me..." just a fool...

 There is justice ⚖️... That's the question!

If the developer's identity were made public, I believe there would be a beneficial effect in that there would be a sense of accountability and transparency, and it would even draw in more investors and users. By making the developers' identities public, the community may become more trustworthy because it would enable direct interaction and cooperation with the investors. I think that this has the potential to enhance the bitcoin ecosystem's governance and decision-making procedures.
 
The drawback would be that the developer might be the target of intimidation or legal issues. This, in my opinion, might lead to unpredictability and instability in the bitcoin ecosystem. In the bitcoin community, disputes and conflicts may arise if the creator becomes well-known. 

Craig Wright is con artist. He has been fighting this and I don't know why he is pushing just to win that battle, why is his claiming to be Satoshi is giving me many questions on my head. Okay let's assume that the court win in his favor, what is he going to say eventually for the bad things the US government has said about Bitcoin, is he going to pay for the damages? That guy need to be bury 6 feet for lying trying to claim what he didn't do. If he is even Satoshi, I'm not sure he will want to say it because this fight just beat the purpose of Bitcoin.

He will soon get tired and will rest, this fight is more than 6 years when I first came across the article about the bitcoin ownership. It will one day be forgotten because he lack real evidence. If he is Satoshi, by now he would have provided the private keys to one forgotten wallet address where Bitcoin are there but he don't have all access to them which is why I believe that Craig is not good for Bitcoin community.

It might make people trust the system more, thinking it's less shady and this could draw in more folks and big money players. The mystery around Nakamoto is part of what makes Bitcoin cool, it's all about being decentralized and not tied to a single person. Knowing the creator could lead to drama, legal battles, and maybe someone trying to boss Bitcoin around? Haha The ongoing legal mess with Craig Wright just adds more drama to the mix, making it a real soap opera to see how this could play out and what it means for Bitcoin's wild ride