Long term advance notice!

[fullhdpixel]

Why are people still obsessed with this douchebag? Proof of keys or GTFO. It is the simplest way to prove he is Satoshi. None of this foolish pageantry. Only newbies are hooked to his BSV bullshit.

For people who do know with CW bullshit propaganda will just simply ignore this but the sad fact that there are still newbies who are being mislead with this bullsh*t news around.

With the bullshit news, what has he then achieved with it, he is only just trying to ridicule himself, I think when people see him now, they see someone that is into marijuana and its turning his head to say all those rubbish he is saying, and does he think that he will ever succeed to make the price of bitcoin drop so as to promote bsv? He has really failed.

if bitcoin did not drop in price with the FUD news that has come from world leaders' like trump, the issue of India with bitcoin, and china news planning to ban mining and many more, then there is nothing that can really drop bitcoin price ever again, so he should better take all his talk to himself and go spend his money with his family and if he is interested investing in BC, rather than creating panic news, he has better invest now.

[davewantsmoore]

turning his head to say all those rubbish he is saying, and does he think that he will ever succeed to make the price of bitcoin drop so as to promote bsv? He has really failed.

The blockchain is not about people or price.

Those who focus on that are incredibly naive about the world.

[ðºÞæ]

Some serious tax payments to be made

https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/

EXCLUSIVE: First interview with Craig Wright after judge orders him to pay $5 billion in bitcoin
$2 billion in taxes due; ‘When you find a gorilla, don’t kick it in the nuts’
By Brendan Sullivan / August 26, 2019

A hearing in the Kleiman v. Wright case concluded Monday with the U.S. District Court for the Southern District of Florida rejecting Craig S. Wright’s testimony. The judge determined that “Satoshi Nakamoto” is a partnership of three people, but awarded half of its bitcoin holdings to the Kleiman estate. Craig Wright told Modern Consensus he “has no choice but to hand over $5 billion in BTC.”

Because this transfer is happening as an estate transfer valued at $5 billion, Ira Kleiman may have to dump $2 billion in BTC.

The court also awarded Kleiman’s estate with the intellectual property associated with the Bitcoin software, but none associated with Bitcoin Cash or Craig Wright’s back-to-basics Bitcoin Satoshi Vision. According to the suit, Wright and Kleiman mined these million bitcoins between 2009 and 2011, which were said to be stored in a trust called the “Tulip Trust.”

Modern Consensus spoke to Wright by telephone today just after he left the Florida courtroom.

MODERN CONSENSUS: How are ya doing?

CRAIG WRIGHT: Been better.

I’ll just ask, what does today’s ruling actually mean for Bitcoin and crypto?

The judge won’t rule on whether I’m Satoshi. But the partnership is. So when Dave Kleiman passed, the partnership transferred to Ira.

Will this affect BSV?

BSV, it won’t. But the judge ordered me to send just under 500,000 BTC over to Ira. Let’s see what it does to the market. I wouldn’t have tanked the market. I’m nice.

You could flood the market with $5 billion in BTC today, but I’m guessing you won’t. You have too much in progress on-chain. But what if the chain collapses? Presumably the market could tank to bad that whoever inherits his BTC would get substantially less.

I’m just not going to do that.

I know people think you’re a miserable prick. But you once told me that you and your wife had decided that this $10 billion fortune was too much. You said you worried about what it would do for your kids.

It’s fucking scary. Now the kids are going to know that we have the other $5 billion. And it really sucks. Imagine that (laughs). I had planned to live a long time and hopefully they wouldn’t know until they were older and we were gone. It could affect their whole lives.

Not to get you in hot water with the judge, but it doesn’t sound like anyone thought through what this would really mean to just hand over the keys to a huge industry.

No one seems to get that I’ve made 800 patents in IP and more are coming. Just on that I could have raised a lot of money. I’m sorry, BTC, but that might be a problem. They might have to convince Ira not to dump it. I can’t convince him not to dump it. Ira has to do what Ira has to do. And it wouldn’t have been me. And I don’t need it. He does.

I mean, I get it. You make money creating things for nChain, so you don’t need to dump any BTC from the Tulip Trust. But they can’t force Ira to sell. Can they?

He doesn’t actually need it but he wants it. Everyone might want to start praying, because I complied with courts and that might get scary really, really quickly. The courts ruled that Ira inherited the $5 billion. Now he has to pay estate tax on that if he wants it.

Whoa! The estate tax is 40%. Unless Ira has $2 billion in cash, he will have to dump 2 million BTC to pay the taxes.

Yeah.

Sorry. I’m just running the number. How are you feeling after all this?

I’m fine, we’re going to keep going. But I’ll make sure I keep supporting it. I can’t help.

But how will you actually get the money? We’ve talked over the years and I’ve always tried to respect your privacy. Just because it’s none of my business how much someone else is holding. But now you’ll have to break the Tulip Trust to transfer the coins.

If the court makes an order, I will comply with the order. And the court has made an order. It’s that simple.

So this affects the so-called “Satoshi Blocks” of unmoved bitcoins in the blockchain. The block rewards from when 50 bitcoins were issued for mining. Does that mean blocks that haven’t moved will since 2009 will get transferred?

Not at least, just under half. Because they’ll have to come out of partnership. I spent more money on the project than Dave, so I will rule on that and effectively Ira will get maybe 480,000 BTC.

And again, shouldn’t that include the BTC, BCH, and BSV and every other fork of Bitcoin? All of those had to replicate the original blockchain starting from zero.

According to the judge it’s only from before Dave died, so only BTC. Sorry BTC.

Wow. I’m sorry. This just isn’t the outcome that anybody wanted. I’ve even heard you tell me how you wanted to destroy BTC or BCH because they forked away from your plan. They always seemed to win out before. But this could tank the markets.

Everyone wants to hate on me. This is the result. If you’d left me alone, I would have sat on my fucking money and you wouldn’t have to worry. And the biggest whale ever has to dump because he has to pay tax. It’s not a transfer. Florida has an estate tax. Trust me. This is not an outcome I would have liked. I own a lot of BTC. Dave should have owned 320,000 and I should have had 800,000 and now it’s 50/50. At the end of the day, that’s not a good thing for BTC.

I know you can be a little combative but you never wished ill on the others. Yet this is beyond good and bad.

Trust me. Everyone makes me look like a mean asshole. I might have been a prick, but I was the prick who was withholding. I could have tanked the market anytime in the last 10 years and ran away laughing. I didn’t.

This goes back to the original Bitcoin whitepaper and the problem of the “selfish miner.” Someone could ruin the blockchain, but it would be more profitable to play by the rules and make some money along the way. Dave doesn’t have a choice. He has to sell to get any value. But by selling, he could destroy the whole crypto economy. Where BTC goes, so goes the whole market. And anybody still trying to raise money with an ICO.

Yes. And I tried to tell people and they tried to make me out to be a total prick. I sat on $10 billion and didn’t touch it. And this was happens. When you find a find a gorilla, don’t kick it in the nuts.

Haha. I’m sorry to be laughing. This could be the worst day of your life.

This is not the worst day in my life. My grandfather died, that was worse. This was just money. This is just money. Dave died, that was a worse day for me, because I lost a friend and a partner.  

Bitcoin took off while the world fell into recession in 2009. Now we’re facing another one and it could take down the whole market.

I’m the asshole who keeps inventing things that other people need. I’m not the good media personality. You think I’m gonna complain because I only get to keep $6 billion? And I’m the only surviving member of Satoshi? The judge ruled it was a partnership. I’m the asshole Satoshi. And Dave was the nice one. So have a nice day.

[davewantsmoore]

Some serious tax payments to be made

40% tax, on amount in USD at settlement.

By the time you sell the BTC, and pay the taxes .... then?!  How much will be left ?!!??!   

[hv_]

Some serious tax payments to be made

40% tax, on amount in USD at settlement.

By the time you sell the BTC, and pay the taxes .... then?!  How much will be left ?!!??!   

I wonder if that TAX has to be payed, despite any coin could be moved / sold at what Price at all ?

How is the amount of tax derived ? Ususally it is a market -to market Price and off it goes

[Wilhelm]

Some serious tax payments to be made

40% tax, on amount in USD at settlement.

By the time you sell the BTC, and pay the taxes .... then?!  How much will be left ?!!??!   

Just ask for 1 year notice to pay the tax, you will have to sell less BTC ;-)

[davewantsmoore]

you will have to sell less BTC ;-)

I doubt that very much.

[hv_]

Some serious tax payments to be made

40% tax, on amount in USD at settlement.

By the time you sell the BTC, and pay the taxes .... then?!  How much will be left ?!!??!   

Just ask for 1 year notice to pay the tax, you will have to sell less BTC ;-)

The problem is rather, once the tax bill is calculated, it does not account for the market price any more -  I'd not buy such a risk, and not for Long term at all

[Wilhelm]

Some serious tax payments to be made

40% tax, on amount in USD at settlement.

By the time you sell the BTC, and pay the taxes .... then?!  How much will be left ?!!??!   

Just ask for 1 year notice to pay the tax, you will have to sell less BTC ;-)

The problem is rather, once the tax bill is calculated, it does not account for the market price any more -  I'd not buy such a risk, and not for Long term at all

Or he just needs to go somewhere where there is no extradition bill and give them all the finger... 

[exstasie]

Some serious tax payments to be made

40% tax, on amount in USD at settlement.

By the time you sell the BTC, and pay the taxes .... then?!  How much will be left ?!!??!   

I'll believe it when I see it. Still no proof of anything here, just more useless blathering from Craig Wright. I think Wright is just trying to save face after the court rejected his testimony and falsified evidence.

I'll be on the lookout for 2009 block rewards moving on the blockchain. Short of that, I assume this is just BS.

[cryptokwuk]

Now that we know he actually has these 500.000+ BTC (I'm estimating around 1.5 million BTC) it's pretty much guaranteed we'll see 3k and lower again very soon.

[exstasie]

Now that we know he actually has these 500.000+ BTC (I'm estimating around 1.5 million BTC) it's pretty much guaranteed we'll see 3k and lower again very soon.

We don't know anything like that. The court is ordering Craig to pay based only on documents he produced. No one has any proof that the Tulip Trust exists, or that he has access to these BTC. In fact, there's some evidence disproving the notion that he ever controlled the coins he claims to: https://blog.wizsec.jp/2018/02/kleiman-v-craig-wright-bitcoins.html

Until 2009 coins start moving on the blockchain, I wouldn't take any of this seriously. The only new development here is that Kleiman will be coming after Wright's assets for the rest of his life.

[cryptokwuk]

You seriously think such a high stake case would proceed if there is no evidence of the funds in question even existing? Get a grip.
You can rest assured he provided the signatures before the case proceeded.

[gentlemand]

You seriously think such a high stake case would proceed if there is no evidence of the funds in question even existing? Get a grip.
You can rest assured he provided the signatures before the case proceeded.

Golly. Now you've confirmed it I simply don't know who to turn to. Thanks for clearing all this up.

Looks like the Fat Controller is the real deal after all. I hope some day I'm permitted to be in His presence so I can grovel at his red socks.

[hv_]

^ correct. In BitCoin it is really NOT hard to be a hard headed fool. 
So I often felt guilty here, but the good portion of selfreflection and going back to zero to try to think through all the steps down the path that brought me to : Segwit and bcash is not BitCoin

Can do this all day long if u want me.

 

[THX 1138]

Another message relayed:

Hopefully this will be my last post on this forum, or at least for a long time.

I wrote the following on Quora:

https://www.quora.com/Is-Bitcoin-controlled-somehow/answer/Shelby-Moore-III/comment/107351257

Note that is my hypothesis of what could happen if Craig Wright keeps his promise. It’s not guaranteed to occur. Personally though I am weighting the odds of it coming to fruition at greater than 50%.

Those who hodl in legacy addresses that begin with a 1, will not lose their BTC no matter what happens. But who knows what the exchanges and regulations are going to be later though.

I believe the West is headed for a Wiemar Republic style collapse over the next decade or two, and with Civil Asset Forfeiture the government (in the USA at least) can take all your assets even if you never did anything wrong yourself. Because the Bitcoin itself did wrong. So you cashed out and bought a house. Later the government will take your house. Civil Asset Forfeiture is legal precedent established by the King of England (click link below for details):

Facebook’s Libra + Bitcoin + Trump + Israel = 666 Orwellian Dystopia

I think even the onerous “proof of source of funds”, which many exchanges are adopting, will eventually not be sufficient.

People who read this will think I am crazy, because they do not open their eyes to objectively analyze the transformation of the West. Westerners think they are voting for fairness, etc.. They are really voting to enact all the propaganda that has been programmed into their brains by the globalist control over mass media and education.

At the link above, I explain that I think what is happening now in Argentina is an example of what will happen to all the Western democracies.

The strong horse and the weak horse

James A Donald is correct here.

The weak, unproductive (leftists, feminists, etc) STFU when they can’t pilfer from the honeypot of democracy.

Democracy is a weakness, not a strength, unless have the small government and isolationism of true Christianity. But small government does hold up at scale.

But what Jim is (intentionally because he is a Deep State agent!) not telling you is that Western politics has always been such that we only get a King who is either a despot (or so weak as to be devoured by leftists, feminists, etc).

Westerners won’t transition from democracy without first going through something like the socialist Wiemar Republic. The reactionary despot (e.g. Hilter) won’t be a desirable outcome.

China has their one-party system because their culture has always been about patriarchal fiefdoms. They avoid democracy but fall into the decadence of stagnation and centralization of control.

Westerners have only ever been great with manorialism:

https://steemit.com/philosophy/@anonymint/geographical-cultural-ethos-science-is-dead-part-2

IOW, we have only been great as rebels and small Christian
communities acting independently and then the growth that comes when we network those communities. Eventually the networking leads to centralized politics and the honeypot that incentivizes the thieves analogous to flies to honey (aka leftists and feminists (perhaps unwittingly) conspiring with the globalist capture of government).

The U.S. Constitution and States rights was an attempt to network while retaining small government. It mostly failed, although we still have some of our essential rights such as gun rights, which Europeans never had or totally lost.

[boomboom]

Thanks @Shelby, your opinions are well worth considering, you obviously devote considerable time and effort to researching crypto and Bitcoin,  I hope to see you launching your own project in the coming months too!

[THX 1138]

Relaying once more.

https://twitter.com/whale_alert/status/1169815776733220866?ref_src=twsrc%5Etfw

1 billion dollars... moved easily, securely and without any third party. Bitcoin really is amazing

Sweet mother of god! I wonder what this pile of btc will be worth after the halving/next parabolic rise  

~$0.

Confirmed my earlier suspicions, that Bakkt warehouse is storing in SegWit 3 addresses:

https://www.blockchain.com/btc/tx/4410c8d14ff9f87ceeed1d65cb58e7c7b2422b2d7529afc675208ce2ce09ed7d

Thus if Craig Wright keeps his promise then all the institutional Bakkt BTC will be lost in a poof it’s gone event after the halving May 2020.

This makes me even more confident that the SegWit attack is likely coming at the halving May 2020.

When re-reading one of my blogs, I was reminded of a post I wrote in 2017 about Satoshi’s deception.

[THX 1138]

Relaying a price prediction for Bitcoin from now to May 2020. This shared prediction does not reflect my personal opinion.

This is obviously based on the assumption of a SegWit donations attack at the halving event in May 2020, with the need for the price to moon before the halving so then when the price is crashed by Craig Wright dumping ~1 million BTC then the SegWit (i.e. Core) blockchain will lose most of its miners and thus slow down to perhaps 1 block found every week (instead of every 10 minutes) and with the mining difficult not to be reset (without some centralized intervention) for perhaps a year or never. The inability of the SegWit blockchain to proces transactions as the price craters will cause the price to crater even more in a spiraling into the death-of-coin abyss effect.



From more than 5 months ago I had predicted in one of the possible scenarios:



Enjoy the wild ride!

[STT]

They'll still have solar panel miners surely, some are already expended their money to mine.    Its similar in a few commodity operations, some have to mine to get any income and stopping is not a real option.  I remember a situation like this with the frackers in oil and gas, they have already put in an investment and despite a price lower every week they must continue to extract and sell for cashflow to repay loans, etc.   It went on for a while and did result in a surprisingly low oil price to the shock of OPEC.