Alleged Bitcoin Founder Satoshi Nakamoto creating Bitcoin Core Competitor

[mynhpark1]

The secretive startup nChain, is quick to state that is seeking to disrupt bitcoin’s established development process with the help of 60 full-time employees, including developer Craig Wright who claimed to be Satoshi Nakamoto himself.

nChain started by Wright, has received more than $100 m from Malta-based high-tech private equity fund SICAV plc as part of an acquisition. The phase one of the nChain's action plan is to release a software development kit (SDK) that will likely be given away for free as a means of proliferating alternatives to Bitcoin Core, used today by 85% of network nodes.

More information below:

http://www.coindesk.com/craig-wrights-new-company-developing-bitcoin-core-alternative/

Do you think nChain software could become a serious competitor for Bitcoin Core?

[gmaxwell]

Why do you write "alleged creator" instead of "established fraudster"?

Wright has show himself to be a fraudster beyond any doubt, and even before it there was almost nothing supporting his claims... a significant percentage of this forum has a better claim on being Satoshi than this con-man. True: they're not claiming it and he is, but they haven't been caught lying about it over and over again.

Wright has been fanning the blocksize drama all along-- it's a simple formula for separating less technical business people from competent engineers that could point out the obviousness of his fraud.

Sounds like the funding for this thing is fake too: http://hoaxchain.com/media1.html

[AngryDwarf]

Why would Satoshi Nakamoto require fiat funding to create a new bitcoin node implementation? Wouldn't he just use his stash of bitcoins to fund it?

[7788bitcoin]

I thought Craig told us repeatedly in his interview that he is not interested in money.... but now he is accepting $100M from acquisition? If this is a great idea and he is not money- oriented, he should have started another open-source project and invite everyone to join for free...

[Red-Apple]

I thought Craig told us repeatedly in his interview that he is not interested in money....

lol! it has always been about the money! why else would someone does what he did! when the honest developers denied his bribes to back him up and only one of them accepted his request to back him up, you should have known there is some shady activities going on.

[davis196]

The secretive startup nChain, is quick to state that is seeking to disrupt bitcoin’s established development process with the help of 60 full-time employees, including developer Craig Wright who claimed to be Satoshi Nakamoto himself.

nChain started by Wright, has received more than $100 m from Malta-based high-tech private equity fund SICAV plc as part of an acquisition. The phase one of the nChain's action plan is to release a software development kit (SDK) that will likely be given away for free as a means of proliferating alternatives to Bitcoin Core, used today by 85% of network nodes.

More information below:

http://www.coindesk.com/craig-wrights-new-company-developing-bitcoin-core-alternative/

Do you think nChain software could become a serious competitor for Bitcoin Core?

Received more than 100 million USD funding?Really?
Do they need 100 million USD just to create and promote a software?
I don`t believe this information.

[NeuroticFish]

I thought Craig told us repeatedly in his interview that he is not interested in money....

I thought Craig was broke and all his silly show was to get somehow some money. All he could prove was that he is not Satoshi Nakamoto.
He tried a lot of paths to squeeze money off the Bitcoin related industry.
Finally one of this directions paid off it seems. Still hard to believe that somebody was ...unwise.. enough to leave such funds on his hands.

[aso118]

The use of the words "Satoshi Nakamoto" in the title is just to act as clickbait.
I thought it was the title of the article, but it turns out that the OP just wanted to spice up his thread.

[RoommateAgreement]

sometimes how some people are easily fooled surprises me!
i mean look at Craig Wright story. he provided absolutely no proof to be Satoshi Nakamoto apart from his own words. and yet there are people who are still calling him as S.N. and the worst part was the big news sites which published his false claims, they are also to blame in my opinion.

[BillyBobZorton]

Oh boy, here we go. If it wasn't clear Craig Wright was a government backed agent chosen to take satoshi's role in order to guide the masses of sheep into the next bitcoin client scam, now they come up with their own client. I guess this is what comes after Buggy Unlimited failed.

Hopefully even the averagest Joe is already with the program and is aware of Craig Wright and the general trojan horse attempts that those alternative clients have been.

[tobacco123]

This is really amazing! Buying a piece of software for $100M without even know if it will generate any revenue! If I have $100M I will rather buy a company that is proven to generate a revenue of at least 10-20% of the cost each year.

By the way, I heard Craig file patents related to bitcoin. If he is granted the patents, can we still use bitcoin freely like now? Or can anyone be granted a patent which can stop us from using bitcoin and the bitcoin-blockchain?

[Sniper44]

the correct word here is "self claimed" not alleged.

and if he remotely had anything to do with Satoshi and the way bitcoin was created and introduced, he would have never asked for a single dollar for creating anything.

[Kprawn]

The secretive startup nChain, is quick to state that is seeking to disrupt bitcoin’s established development process with the help of 60 full-time employees, including developer Craig Wright who claimed to be Satoshi Nakamoto himself.

nChain started by Wright, has received more than $100 m from Malta-based high-tech private equity fund SICAV plc as part of an acquisition. The phase one of the nChain's action plan is to release a software development kit (SDK) that will likely be given away for free as a means of proliferating alternatives to Bitcoin Core, used today by 85% of network nodes.

More information below:

http://www.coindesk.com/craig-wrights-new-company-developing-bitcoin-core-alternative/

Do you think nChain software could become a serious competitor for Bitcoin Core?

Craig Wright already have a bad reputation as a "Snake Oil" salesmen, so how is he going to get people to support him in this community? He will

have to either prove that he is Satoshi Nakamoto {which I doubt} or he has to make a public apology for claiming to be Satoshi Nakamoto to gain

some sort of respect with people in this community. How he managed to get $100 million is a bloody mystery. 

[stompix]

The secretive startup nChain, is quick to state that is seeking to disrupt bitcoin’s established development process with the help of 60 full-time employees, including developer Craig Wright who claimed to be Satoshi Nakamoto himself.

nChain started by Wright, has received more than $100 m from Malta-based high-tech private equity fund SICAV plc as part of an acquisition. The phase one of the nChain's action plan is to release a software development kit (SDK) that will likely be given away for free as a means of proliferating alternatives to Bitcoin Core, used today by 85% of network nodes.

More information below:

http://www.coindesk.com/craig-wrights-new-company-developing-bitcoin-core-alternative/

Do you think nChain software could become a serious competitor for Bitcoin Core?

Received more than 100 million USD funding?Really?
Do they need 100 million USD just to create and promote a software?
I don`t believe this information.

Let's say the source if good and they have received the 100 millions in investment.
How the hell are they supposed to pay it back or make profit?

I call it BS.

[craked5]

Why would Satoshi Nakamoto require fiat funding to create a new bitcoin node implementation? Wouldn't he just use his stash of bitcoins to fund it?

Best point of the thread.

The real Satoshi Nakamoto would have 10 times the money needed to invest and create whatever he wants.
No reason for him to ask for fiat funding. No sense neither.

[Iranus]

The use of the words "Satoshi Nakamoto" in the title is just to act as clickbait.
I thought it was the title of the article, but it turns out that the OP just wanted to spice up his thread.

The syntax of the sentence is terrible as well.  It implies that Satoshi Nakamoto is the subject and therefore that he is the "alleged" Bitcoin founder.

Craig Wright, however, obviously isn't as it's really not that hard to prove you're satoshi if you are.  Journalists reporting it don't care whether or not he's satoshi as long as they can drag a good story out of it.  Craig Wright is a lunatic and if he's involved in it you can be pretty confident it's a bad idea.

[The One]

The secretive startup nChain, is quick to state that is seeking to disrupt bitcoin’s established development process with the help of 60 full-time employees, including developer Craig Wright who claimed to be Satoshi Nakamoto himself.

nChain started by Wright, has received more than $100 m from Malta-based high-tech private equity fund SICAV plc as part of an acquisition. The phase one of the nChain's action plan is to release a software development kit (SDK) that will likely be given away for free as a means of proliferating alternatives to Bitcoin Core, used today by 85% of network nodes.

More information below:

http://www.coindesk.com/craig-wrights-new-company-developing-bitcoin-core-alternative/

Do you think nChain software could become a serious competitor for Bitcoin Core?

Received more than 100 million USD funding?Really?
Do they need 100 million USD just to create and promote a software?
I don`t believe this information.

Let's say the source if good and they have received the 100 millions in investment.
How the hell are they supposed to pay it back or make profit?

I call it BS.

A bit like Blockstream eh?

[panopotty]

Why do you write "alleged creator" instead of "established fraudster"?

Wright has show himself to be a fraudster beyond any doubt

I used to think that too... then I started lsienting to gmin..

explain all this?
https://medium.com/@MADinMelbourne/welcome-to-the-ministry-of-truth-in-the-wiki-age-601ec28a2504

Maxwell has links to wiki and others...

So, all those fake things... they all seem less and less fake...

and it all seems more and more AXA and B-S grasping to kill off anything that does not allow them to be in control!

[The One]

The use of the words "Satoshi Nakamoto" in the title is just to act as clickbait.
I thought it was the title of the article, but it turns out that the OP just wanted to spice up his thread.

The syntax of the sentence is terrible as well.  It implies that Satoshi Nakamoto is the subject and therefore that he is the "alleged" Bitcoin founder.

Craig Wright, however, obviously isn't as it's really not that hard to prove you're satoshi if you are.  Journalists reporting it don't care whether or not he's satoshi as long as they can drag a good story out of it.  Craig Wright is a lunatic and if he's involved in it you can be pretty confident it's a bad idea.

Exactly.

[mangez]

LOL this has nothing to do with Satoshi Nakamoto, lame attempt OP!