[2019-08-27] Craig Wright loses Kleiman case—billions in Bitcoin awarded to Klei

[hatshepsut93]

Australian who says he invented bitcoin ordered to hand over up to $5bn

https://www.theguardian.com/technology/2019/aug/28/australian-who-says-he-invented-bitcoin-ordered-to-hand-over-up-to-5bn

<< US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. >>

This article sounds like exactly something that Wright would want to be published - the main takeaway an average non-bitcoiner joe (and even some bitcoiners) is that Wright has 10 billions because he and Kleiman invented Bitcoin. Words like "allegedly" and "supposedly" will be ignored, because that's what people always do when they read news. I don't understand the US justice system, why no one bothered to first establish whether those coins exist or not, how many coins there are, where is the trust they are supposedly held by and so on. Everything is so fishy about this case.

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[cryptokwuk]

Australian who says he invented bitcoin ordered to hand over up to $5bn

https://www.theguardian.com/technology/2019/aug/28/australian-who-says-he-invented-bitcoin-ordered-to-hand-over-up-to-5bn

<< US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. >>

This article sounds like exactly something that Wright would want to be published - the main takeaway an average non-bitcoiner joe (and even some bitcoiners) is that Wright has 10 billions because he and Kleiman invented Bitcoin. Words like "allegedly" and "supposedly" will be ignored, because that's what people always do when they read news. I don't understand the US justice system, why no one bothered to first establish whether those coins exist or not, how many coins there are, where is the trust they are supposedly held by and so on. Everything is so fishy about this case.

I've repeatedly mentioned this, you can be pretty sure that they verified the existence and ownership of the funds before proceeding to court, there wouldn't even be a case otherwise. As much as the justice system is in error, we easily glance over the fact that 99.9% of all cases just gets handled properly, there are many checks and safeguards in place and many people involved that check and double check everything.

[Vishnu.Reang]

The most surprising thing about the news is that the BSV prices have remained stable. I would have expected them to crash by at least 50%, after the judgement was pronounced. The last time I checked, the exchange rates showed hardly any change against BTC. That could mean that the market is not taking this news seriously. Either the traders are not aware of it, or they don't think that this order can be implemented.

[THX 1138]

Relaying as an impartial messenger:

The funniest part of this case is that crypto youtubers have started talking about a looming $2 billion Bitcoin dump. What a bunch of attention seekers.

CSW started this himself. In an interview, he says that KIeiman's estate will have to pay a 40% estate tax for the inheritance, meaning they're going to have to dump around 200k BTC. This is wrong though, because as the article notes in a correction, Florida has already eliminated estate taxes.

You’re probably correct that Craig surreptitiously initiated the court case. I have explained why at my following linked post. Read my following linked post and you will understand everything about who I posit created Bitcoin, why they are going to temporarily destroy Bitcoin Core, and how I posit the legacy, immutable Bitcoin protocol will come back later after some years as the global reserve currency backing their planned 666 Facebook Libra global medium-of-exchange:

Long term advance notice!

P.S. Note you seem to not be aware that there is a federal estate tax in the U.S.A..

[dunfida]

The most surprising thing about the news is that the BSV prices have remained stable. I would have expected them to crash by at least 50%, after the judgement was pronounced. The last time I checked, the exchange rates showed hardly any change against BTC. That could mean that the market is not taking this news seriously. Either the traders are not aware of it, or they don't think that this order can be implemented.

Not all news related to its owner or founder would give out significant effect into its own shitcoins price and this is an example of it.

CW loses the case but how he would pay up those billions in bitcoin if he doesnt even have the access on it? Paying up by his own wallet?
What a wrecking situation for him.Does he learn something on not to mess up on proclaiming an entity?

[Stedsm]

The most surprising thing about the news is that the BSV prices have remained stable. I would have expected them to crash by at least 50%, after the judgement was pronounced. The last time I checked, the exchange rates showed hardly any change against BTC. That could mean that the market is not taking this news seriously. Either the traders are not aware of it, or they don't think that this order can be implemented.

Not all news related to its owner or founder would give out significant effect into its own shitcoins price and this is an example of it.

CW loses the case but how he would pay up those billions in bitcoin if he doesnt even have the access on it? Paying up by his own wallet?
What a wrecking situation for him.Does he learn something on not to mess up on proclaiming an entity?

I reckon he'd just try to get the case reopened through some other sources and claim that his old claims were not truth and he's a Faketoshi and not the real Satoshi. Else, he's got the only option to save himself from this unnecessary dilemma, just go ask Kleimann if he lets him $u*k his [)!<k and CG succeeds in satisfying those guys. I don't think a person who is Satoshi (which CG isn't) is idiot enough to open a case against anybody. Satoshi is of calm mind, he's waited more than a decade and still waiting while seeing the drama going on over his name and claims that these fake personalities are making.

I'm extremely happy for whatever this guy is facing, you deserve an extremely hard fuck in your nose, shithead CG.

[BitHodler]

My points are the following:

1. Wright tried to fool people by claiming that he is Satoshi
2. He made profits from BSV scam by triggering a pump-and-dump cycle
3. He harassed those who questioned his claim to be Satoshi, by filing lawsuits against them
4. In general, he tried to ruin the reputation of Bitcoin
5. He tried to steal someone else's invention, by filing a patent suite

I am saying that he needs to be punished for the above points. However, there are legal loopholes out there which protect Wright against these charges.

I tend to agree, but the focus should also extend to Calvin Ayre, a billionaire with the funds to initiate these massive pumps and dumps and at the same time attack other networks.

A lot of the financial backing comes from Calvin, which people tend to ignore because they think Craig himself is a billionaire, which he clearly isn't. Craig is Calvin's muppet and he knows exactly how to make him say and do things.

And then we can also look at the rest of the nChain squad that are providing him the necessary means to scam people. Roger Ver for a while provided support to Craig as well. Scammers paradise.

[hv_]

Nothing really happend here: The default 'order' from the Magistrate to the judge is very usual  a 50:50 in a civil case, where they have no clue who is right ...

 

[DooMAD]

Just want to say, I totally called it:

Since he is a compulsive liar, hopefully he'll take this opportunity to perjure himself

Today, the judge reaffirmed that Craig Wright was indeed acting in bad faith in court. The judge rejected Wright’s testimony, found that he perjured himself

[Carlton Banks]

Just want to say, I totally called it:

so you're saying "a liar lied again"

that was an incredible prediction, any gambling tips?

[DooMAD]

Just want to say, I totally called it:

so you're saying "a liar lied again"

that was an incredible prediction, any gambling tips?

Well, yeah, it wasn't a huge leap.  But are most liars brazen and/or stupid enough to do it in a court of law, though?  I figured he was.  And he didn't let me down in my estimations of him.

[Naida_BR]

Craig Wright loses Kleiman case—billions in Bitcoin awarded to Kleiman estate

Craig Wright lost the Kleiman case. The judge ordered Wright to part with half of his pre-2014 Bitcoin—worth over $5 billion—to the Kleiman estate, alongside considerable intellectual property

https://cryptoslate.com/craig-wright-loses-kleiman-case-billions-bitcoin-awarded/

This is so fake news.
The judge cannot order Wright to send Bitcoins to another person.
And also how is he going to see that his order has been executed?
I don't like Craig Wright but I think that the media has started to spreading fake news in order to get more views, as Craig Wright is always a noticeable topic for them.

[Carlton Banks]

All bitcoin transaction can be seen by anyone and transaction with 550000 BTC certainly is very rare.

The sender or receiver can confirm it simply sign a message with necessary information (TX ID, court order, etc.)

yeah, wright sure knows how to provide people with signed messages from the blockchain


who wants to bet the next court case will be wright vs kleiman 2020, "where's the 550,000 BTC tx, craig" vs "why here it is, and here is the script that proves it was signed using this public key..."


couldn't he just do this forever? I've changed my mind about this case; I hope wright keeps up the shenanigans, keeps suing/getting sued and bankrupts the DOJ in the process

[nutildah]

Nothing really happend here: The default 'order' from the Magistrate to the judge is very usual  a 50:50 in a civil case, where they have no clue who is right ...

 

The judge ruled in favor of the plaintiff. It's 50:50 because that's what the plaintiff asked for.
They have "no clue who is right" because Craig made it impossible for the judge to carry out an impartial trial. Due to his constant lies, forgeries and frauds, the judge nuked Wright's defense, ruling in favor of the plaintiff.

"Very usual" indeed.  

[Slow death]

frankly, Faketoshi has been the biggest source of income for bitcoin-related news channels and has been the biggest joke to the crypto world. he only loses to Tom Lee, John McAfee and Bilal Khalid ( Pakistani Man )

In the last 3 days, faketoshi has been catching the attention of the news channels:

Craig Wright Challenges Court Order Requiring Him to Pay 500K Bitcoin

Spelling the judge’s name wrong in the document, Rivero stated that Wright “does not concede that Magistrate Reinhardt had the power to enter the order that he did” — adding that entrepreneur’s legal team will need an additional 14 days to address the legal validity of the order.

Kleiman Files — Craig Wright Controversy Gets Complicated

Calvin Ayre Falsely Claims Court Ruled Craig Wright Invented Bitcoin

I have a question, if faketoshi has no control over bitcoins, how can the judge condemn him? Who can prove that faketoshi has control of the bitcoins?

[Ozero]

@bryant.coleman. I reckon that it might be a good time to speculate on doing some short selling on bitcoin SV hehe.

However, what is Craig Wright's real plan in this situation? He knows he was going to lose the case. Is he that foolish?

In my opinion, it's time for Craig Wright to give up claims in the name of Satoshi Nakamoto. He went too far and drove himself into a corner. He probably does not have access to Satoshi Nakamoto's bitcoins. The amount that he was obliged to pay is unbearable for the average person. However, it is interesting what he will do next. With any scenario, Craig Wright loses.

[Vishnu.Reang]

In my opinion, it's time for Craig Wright to give up claims in the name of Satoshi Nakamoto. He went too far and drove himself into a corner. He probably does not have access to Satoshi Nakamoto's bitcoins. The amount that he was obliged to pay is unbearable for the average person. However, it is interesting what he will do next. With any scenario, Craig Wright loses.

The most possible scenario is that Craig Wright would file an appeal against this decision in the higher courts. He can also argue that the American courts don't have jurisdiction over this. A third option is to declare bankruptcy. 

But I don't think that he'll ever give up claims of being Satoshi Nakamoto. Because it gives him a claim on BTC980,000. At current rates, they are worth more than $10 billion. And god knows how much they'll be worth in the future.

[1Referee]

I have a question, if faketoshi has no control over bitcoins, how can the judge condemn him? Who can prove that faketoshi has control of the bitcoins?

No one can prove having control over the funds until the actual owner of these funds pops up someday, which isn't likely. This scammer uses a wallet client that can sign fake messages and whatnot from an address he desires. It's pretty much the same concept as the fake bank apps where a lot of people have been scammed with thinking that money has been wired, while in reality nothing has been wired at all because it's a fake app.

He used that to convince a BBC reporter in 2016 that he is Satoshi by supposedly signing a message from the address that is known to be the first ever transaction; https://www.youtube.com/watch?v=5DCAC1j2HTY

[bryant.coleman]

@bryant.coleman. I reckon that it might be a good time to speculate on doing some short selling on bitcoin SV hehe.

However, what is Craig Wright's real plan in this situation? He knows he was going to lose the case. Is he that foolish?

In my opinion, it's time for Craig Wright to give up claims in the name of Satoshi Nakamoto. He went too far and drove himself into a corner. He probably does not have access to Satoshi Nakamoto's bitcoins. The amount that he was obliged to pay is unbearable for the average person. However, it is interesting what he will do next. With any scenario, Craig Wright loses.

I don't think that he'll ever give up the claim of being Satoshi Nakamoto. Why should he? If somehow he could create doubt in the minds of users, there will be a small minority who is ready to believe that he is the real Satoshi. This "small minority" may number around 10% of the Bitcoin users right now (my wild guess). And this corresponds to approx. 20 million users.

As Bitcoin grows in popularity, the number of users will increase from the current level of ~200 million. Within a few years we'll be having billions of users. And if Craig Wright is able to control at least 10% of them, it will give him an enormous amount of power. The only way to end this sham is to reveal the real identity of Satoshi Nakamoto.

[1Referee]

As Bitcoin grows in popularity, the number of users will increase from the current level of ~200 million. Within a few years we'll be having billions of users. And if Craig Wright is able to control at least 10% of them, it will give him an enormous amount of power.

You're giving Craig far too much credit here. Most of the "support" that BSV enjoys consists of bots, and then there on a much smaller scale are some imbeciles of human beings too weak minded to figure out that he is a scam. BSV army is very similar to XRP where the wealthy backers finance this fake sense of reality.

The only way to end this sham is to reveal the real identity of Satoshi Nakamoto.

False. The only way to end this nonsense is to stop caring about it. Craig loves this drama. Bad news is good news for him. You taking him so serious is a problem on its own too. It means that his tactics are working.