Craig Wright's lawsuit against Kraken

[gmaxwell]

https://twitter.com/itswillmack/status/1594667376020267010

He's demanding they stop using the word Bitcoin to refer to Bitcoin and that they pay him billions of dollars in damages. (The particulars of claim is the interesting document)

[1715491403]

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[franky1]

first CSW has to establish which network CSW defines as "bitcoin"

because even this forums posts in 2010 show the actual satoshi described bitcoin as the network of the BTC coin. and BSV was not even an invention of satoshi nor existent until 2018

however CSW if he wants to define BSV as bitcoin. though it only existed as of 2018.. then all lawsuits bout trying to get "bitcoin" to have coin robbery code added. are only lawsuits wanting BSV to have such code.

if he wants to define btc as bitcoin then that makes BSV not bitcoin.

he cant have it both ways

..
now lets look at the "WRIGHT INTERNATIONAL INVESTMENTS LIMITED"
created 2016.. ok not 2008-10 although legal documents in tweet says that WII "has traded at all material times in the commercial and technical development of Bitcoin."

development of WHICH? bitcoin?. is CSW referring to.. i can see this as a first paragraph failing of CSW

next error (ignoring the obvious falsities (reality is CSW not being the creator))
"based on what the paper described as “a chain of digital signatures”. Such chains are now generally referred to as “blockchains”.
bitcoins blockchain is PoW using hashes. its not a chain of digital signatures. as that is PoS.
seems he cant tell the difference between PoW vs PoS

signature chains. are not a think. because signatures are not chained in bitcoin.
transaction UTXO's are, which are something else but the term of the chain of OTXO is called "taint"

next error
pretending he owns bitcoin.org
CSW should have stayed with pretending to own bitcoin.com and bribed
R.Ver to sell it to him years ago

next error
bitcoin was not described in the white paper as:
"Bitcoin can be bought, sold and transferred through digital exchanges."
because there were no such things in 2008
the white paper was actually about coin rewards from PoW mining and the transfer peer to peer

next error
CSw description of successful minded block and coin reward
"In respect of nodes which are successful in their
mining efforts a distribution is made comprising a quantity of Bitcoin together with
the transaction fees relating to the transactions recorded in the new block."
a 'distribution is made'.. um distribution. excuse me but what english is this..? i guess he meant a contribution.. but had bad autocorrect..

next error
CSw says he set up businesses to control the commerce of bitcoin and development. then he uses other things like handing development over to independent devs in 201. and that other independents set up businesses. yet wants to say WII was in control of bitcoin commerce and development!!

again which direction is this guy trying to walk along.. he is saying two things at once and getting the lines crossed

next error
again he says "During the period of 2009 – 2016, Dr Wright set up, owned and controlled various trading
entities, including WII, to develop his ideas for blockchain technology."
yet WII was not around in 2009-2015

next error
describing forks as "air drops"
CSW has no clue about crypto systems or terminology.. it pains my eyes just reading his errors of crypto history and terminology

next error
was where segwit activation "requires
information relating to the digital signature to be stored on side networks or “off chains”,

seriously. he really has no clue..
even though i did not like the procedure used to activate segwit. CSW is by far going complete idiot by not understanding what the activation triggered or the layout of data thereafter.
..
here is the kicker.
he admits the bitcoin using the BTC ticker is the one that has segwit.. and the core dev team maintaining it...

so he admits that the btc network is the network of the real satoshi who also used the term btc..

..
next error
he confuses which network he defines as the "airdrop"
he ends up calling the BCH as the airdrop. which means that its a new network giving away free coins..

and then admits that BSV is another airdrop that was created that gave away free coins..
so thus he is admitting that BSV is not the original network but a fork of a fork. or to use his words an airdrop of an air drop

thus.. his BSV is not bitcoin

..

point 32 quoting for emphasis

The 2018 Airdrop
32. On 15 November 2018, a further airdrop occurred in relation to the Bitcoin System using
the Bitcoin Characteristics, using the name Bitcoin Cash and the ticker, BCH.

hmm BCH was created august 2017.. BSV was created november 2018

seems he doesnt even know when his own network begun or which network to speak of


ok im getting a headache im stop reading at point 32. and ill come back later to add to my post about al the crap thats just stupid about that filing document

[Yogee]

One of those rare occassions where you side with the CEX or the company behind it to win hehe.

[Upgrade00]

Attention seeking behaviour at its finest from CSW. Using a sensational amount in the suit might just be a way to show that there still might be profit at the end of his sham campaign and attract investments.

When does it all end?

[arabspaceship123]

Wright hasn't proved he's Satoshi. He'll never be able to do it because he isn't Satoshi so what's he after by going after Kraken?

[franky1]

the real sotisho created bitcon and used the term BTC

it did begin in 2009
but CSW main claim is that thet kraken is using another network called bitcoin but its not "the bitcoin"

Underneath the current
price and the listed price history is what purports to be a description of the Bitcoin System,
including:
i. an assertion that it was released in 2009;
ii. that “BTC is the abbreviation for bitcoin”;
iii. that, “Bitcoin (BTC) is the original cryptocurrency built on blockchain technology”, and
that, “Bitcoin remains the most widely accepted and traded cryptocurrency today”;
and;
iv. that it was, “Created in 2009 by an anonymous developer with the pseudonym Satoshi
Nakamoto”.

everything in the quote is true. the bitcoin network(btc) was invented then. and is used now..

CSW's BSV network was invented 2018
it was a fork of a fork
BSV is not the main inheritor of "bitcoin"

and isnt really used at all by any substantially known exchanges

its like royalty lineage
the straight line of descendant is the winner. first child wins
the offspring that come later are not first inline to the thrown

                     / anne                      /harry
k.george - Q. elizabeth - .K charles- william
                                      \ andrew
      
btc - btc - btc
      \ bch - bch (minority economic(exchange) acceptance)
               \ bsv (minority pf minority economic(exchange) acceptance)

thus BSV is not in the lineage inheritance of "bitcoin"

[mk4]

He's just so atrocious that I'm convinced that CSW, Ayre, and friends are just betting that the judges are idiots(if I were to guess, most are tech-illiterate).

[Hispo]

He's just so atrocious that I'm convinced that CSW, Ayre, and friends are just betting that the judges are idiots(if I were to guess, most are tech-illiterate).

And it definitely should not be that way, considering cryptographic signatures have legal significance in countries like the United States of America, Canada, Mexico and even within the European Union.

This guy and his lawyers have reached a point of blatant attention seeking at this point while looking to deceive anyone with his nonsense.

[DeathAngel]

This guy really has no shame, he really is a lowlife. I’m unsure what he’s actually trying to achieve here because he’s never going to win any type of court case like this. The only time he had any success (hollow) was because Cobra wouldn’t remove his anonymity to defend himself so that was won by default.

No judge is going to award him a court victory against Kraken. I don’t know what he’s trying to achieve, it doesn’t make any sense.

[DaveF]

I might be a bit thick here, but.....Kraken is not small it's not like going after 1 person who either had to choose to remain anonymous OR had to have a massive fundraising campaign to help out.
This is not a business that is going to roll over and take it. Not to mention they will probably get both legal and financial support from other exchanges.

Eliminating everything else, the tech, the BS, everything. Am I missing something in why he picked this fight?

-Dave

[gmaxwell]

I don’t know what he’s trying to achieve

Wright has a couple of wealthy people who are funding him.  Their understanding of Bitcoin is extremely limited and mostly comes via Wright.  They believe these lawsuits have a chance of success, they're paying wright millions of UKP a year and covering his costs because they hope to get a windfall at the end.

So Wright just needs to keep the show going and he'll get paid as long as he does.

Don't underestimate the power of conmen.

[franky1]

I don’t know what he’s trying to achieve

Wright has a couple of wealthy people who are funding him.  Their

So Wright just needs to keep the show going and he'll get paid as long as he does.

yep
CSW gets paid to turn up as claimant in court he enjoys turning up as a claimant in court. win or lose. he got paid to be there.

the losses are not losses to him the losses are between the lawyers and the backer investor, not CSW

his backer investors see that paying $xm is cheap. its cheaper then paying TV.media $xm for advertising if the court details get into press, its cheap advertising to them. so they happily buy into CSW schemes

he doesnt/they dont care about how long the case draws out
he doesnt care if it loses. he already bagged his backers investment on day one.

its the same as the conference speaker tours

he doesnt care about the speach or the material of topics to speak about he already got paid to just turn up. so as long as he can keep adding event fates into his schedule he gets paid. no matter what the event is.

the backer might not see instant ROI on the investment when cases lose in court, but they hope the advertisement nets them more users on the BSV network to syphon ROI from. though they probably do wish they could one time actually get a win worthy of more then a lollypop($1) amount, because their advert hopes are not causing a mass user adoption to syphon from either




part of my opinion about why his claims smell rancid and have soo many inconsistencies and lies and obvious flaws in them is, that i believe he puts errors into claims and easily debunks crap. to make the defendant prolong the case having to re-debunk each and every error. thus letting CSW get paid the longer the case flows on

[dothebeats]

The return of the half-wit. This guy is still at it even though he's lost a lot of money and time on lawsuits and other legal protest against other entities just because they use the word bitcoin. It's a shame that the legal system allows this person to continuously file lawsuits that are meaningless, but yeah, the court gains profits and I guess that's what matters the most.

Just another day in the office for bitcoin's biggest troll. Nothing to see here.

[franky1]

CSW is the bain of many lives and it seems as proven by moses that CSW is now making more newbies want to follow in CSW path
scammers recruiting scammers..

moses knows nothing of bitcoin, asks the most basic newbie questions but pretend he created it.. sometimes i thought it was just comedy lost in translation but it appears he seriously wants to be CSW2.0
or in his most recent view CSW's daddy

.. back to the topic..
CSW claims have no bases. and lots of the descriptors can easily be debunked in a couple days of "teaching" bitcoin the proper way. about forking and if BSV was the ticker of "bitcoin" 2010+ or BTC was the ticker of bitcoin according to the real satoshi (forum posts used as proof)

BSV was created in 2018 and wrights other company WII was not created in 2009+ but years later. thus the only development and commercial stuff the WII company was involved in was the support towards making BSV

by defining BCH as the 2017 airdrop(fork creating new free coins to sell)
thus also defining BSV as an airdrop(fork creating new free coins to sell)

he is admitting BSV is not "bitcoin"

[LegendaryK]

I like the idea of GMaxwell that if 1000 people file a case each against Craig how he is going to handle it ?

That is a brilliant idea. I will sponsor 1000 people around the world to file case against Craig Wright. Also I will file 10,000 cases against bitcoin maximalist I think that will be a great drama for the nex 20 years before bitcoin go to moon.

But before that, I must create a Nuclear Bitcoin Holocast and burn up all the Bitcoin Gremlisns to clean the Bitcoin Space and my Bitcoin Forum. I am planning to turn on the  Bitcoin Killer switch so all the alt coins will be dead very soon and then I will return after the Grand Finale to rejurect bitcoin  from the dead.

Duh,
Have all cases with the same complaint moved to a single trial.
Also counter sue anyone dumb enough to file a false lawsuit for legal fees.

FYI:  https://fhnylaw.com/can-i-sue-em-for-my-legal-fees/

a court may assess attorney’s fees when a party has acted in bad faith, vexatiously, wantonly, or for oppressive reasons.
In this regard, if a court finds that fraud has been practiced upon it, or that the very temple of justice has been defiled, it may assess attorney’s fees against the responsible party, as it may when a party shows bad faith by delaying or disrupting the litigation or by hampering enforcement of a court order.

I suggest you might want to start your meds again.  

[pooya87]

He's just so atrocious that I'm convinced that CSW, Ayre, and friends are just betting that the judges are idiots(if I were to guess, most are tech-illiterate).

He is just playing the legal system and by abusing the flaws in it he is trying to get his way. The simplest example of it is the case against Cobra, he simply didn't show up to court so CSW won the case against him easily! It still would have worked even if the judge were the most tech-expert on the planet.

P.S. Interesting timing about this new shenanigan. A cryptocurrency exchange (FTX) goes down causing bitcoin price drop, now The Scammer is going after a major bitcoin exchange...

[Lucius]

P.S. Interesting timing about this new shenanigan. A cryptocurrency exchange (FTX) goes down causing bitcoin price drop, now The Scammer is going after a major bitcoin exchange...

I think that Faketoshi and his team of lawyers don't have much sense for anything, not even for timing. It may seem to some that this is a good time for such a lawsuit to cause even more panic, but Faketoshi announced these lawsuits even before the trial in Norway started in which he sued (and lost) @hodlonaut. Then @hodlonaut publicly asked for help from both companies, but as far as I remember, there was no response.

Craig Wright, an Australian cryptographer who claims to be Satoshi Nakamoto , the creator of Bitcoin (BTC), has sued Coinbase and Kraken for alleged copyright infringement. According to CityAM, the entrepreneur claims that Coinbase and Payward, the operator behind Kraken, affected his intellectual property rights by using the term ‘Bitcoin’.

Such powerful companies can lose a case like this only if two things coincide - and that is that they have incompetent lawyers or that the judge is bribed or a total idiot. Faketoshi simply cannot prove anything, except that he has piled up a bunch of fake evidence with which he can do something only in countries like Colombia where they recognized him as Satoshi.

[NotATether]

He's gonna wish that he didn't walk into this one. This is not some random tweeter he's suing. This is an exchange with billions of dollars of liquid assets (not some illiquid, hard to sell coin like BSV which most exchanges delisted) and who can easily obtain several millions of dollars in loans to shut his lawsuit down.

"Don't pick on someone your own size"

[Blawpaw]

this is just proof that Craig Wright is only on a hot persuit on money. He has tried for several ways to get a share of Bitcoin wealth by adopting absurd attitudes.
Nowadays he is nothing but a joke who is making lawyers rich wheras himself is nothing but the joke of the crypto industry.

[yhiaali3]

I don't really understand this man's actions. If Wright was the real Satoshi, why did he hide his identity in the beginning and then try in every way to prove that he is Satoshi? This behavior can only be explained as a liar.
If he was the "Satoshi" himself in the truth, why did he hide himself in the beginning and then go through all this trouble, courts and cases to prove the truth that he hid as he claims? This behavior leaves us with two possibilities: either he is a very stupid person (Satoshi certainly can't be stupid) or a liar looking for fame and money.