Craig Wright's lawsuit against Kraken

[OgNasty]

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)

Seems like he’s seeing some of his funding start to dry up and is now throwing Hail Mary lawsuits at people hoping to be able to get something. His claim is utterly ridiculous and I think it won’t go anywhere but you never know when it comes to the legal system. I’ve seen dumber things be allowed to progress as lawsuits. Hopefully this one is over quickly.

[arabspaceship123]

Is a jury going to assess evidence? That's the worrying part of the lawsuit, judges can award damages incompetently.

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.

[gmaxwell]

Is a jury going to assess evidence? That's the worrying part of the lawsuit, judges can award damages incompetently.

UK civil cases are heard by a judge. (I think always?).

[Kakmakr]

This is the time when some heavy weights should start backing a company like Kraken to hire the best lawyers they can get... and then to wipe the floor with him and all his false claims. Subpoena the best experts in the Crypto field to testify on behalf of Kraken and then stop him from doing anything else.

He is cherry picking soft targets and then gradually building a case against the bigger companies that are operating in the Crypto currency field. If he wins this one.... then he can use this outcome to go against other bigger companies. 

[Totoff]

BTC Bitcoin is still not a registered trademark .. no one can do any pressure on this common name ..

It’s like if this man try to prohibits Walmart to use the name of refrigerator to sell them

We have all to support Kraken

[franky1]

BTC Bitcoin is still not a trademark .. no one can do any pressure on this common name ..

It’s like if this man try to prohibits Walmart to use the name of refrigerator to sell them

We have all to support Kraken

its called patent trolling
its why he included the company WII in his claimant list (WII set up in 2018)
it holds all the CSW filed patents (all done after 2018 by the way)

where he will try to use those as his proof of invention

but you cant patent something that is in the public for 9 years after your patent filing..

though. to him that wont matter. its another worthless thing he will add to a case to keep a case rolling forward for longer while its disputed

[DapanasFruit]

Here comes another funny move from Mr. Craig Wrong...and time and time again he will be rebuffed by the legal system for just wasting its time with a baseless case like this. Good to know that this time the idiotic man decided to go against Kraken which can surely hire a good group of lawyers in response to his allegations and claims. I am sure that Kraken people are just laughing hearing this case and for sure they are taking it as just another free publicity. Will other exchanges also be included in the case...well this can be a big possibility so I am hoping he can add FTX to this misadventure.

[Totoff]

moreover, I seem to remember that a patent application for the name bitcoin has already failed in spain. the judge dismissed the plaintiff's request.

[franky1]

moreover, I seem to remember that a patent application for the name bitcoin has already failed in spain. the judge dismissed the plaintiff's request.

this is why CSW case is not worded to mention patent upfront.. but becomes required proof later

im reading some of the requests and responses of the case and its already starting to question CSW's claims of ownership.invention.identity.
so it could get shut down quick if the right request is made by the defendant
https://drive.google.com/file/d/1b5dD73HzJdFKW8majoumKQvQ06gkQ5sN/view

[Totoff]

moreover, I seem to remember that a patent application for the name bitcoin has already failed in spain. the judge dismissed the plaintiff's request.

this is why CSW case is not worded to mention patent upfront.. but becomes required proof later

im reading some of the requests and responses of the case and its already starting to question CSW's claims of ownership.invention.identity.
so it could get shut down quick if the right request is made by the defendant
https://drive.google.com/file/d/1b5dD73HzJdFKW8majoumKQvQ06gkQ5sN/view

How can this guy could spend so much money and so much time ? Nothing else to do ?

[yazher]

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?

Simply because he is not done with his pretentious about being Satoshi, and he is doing his thing right now. However, this is nothing because he has no authority to do so. He is just trolling around for his blind followers. I don't know why they even publish such news, but that is just how mainstream media is doing; they want to give people some confusion regarding bitcoins, and they are willing to publish any negative news and manipulate it as much as they want. It's better to stop caring about what he is doing because it doesn't add anything good, especially with the current crypto market situation.

[franky1]

moreover, I seem to remember that a patent application for the name bitcoin has already failed in spain. the judge dismissed the plaintiff's request.

this is why CSW case is not worded to mention patent upfront.. but becomes required proof later

im reading some of the requests and responses of the case and its already starting to question CSW's claims of ownership.invention.identity.
so it could get shut down quick if the right request is made by the defendant
https://drive.google.com/file/d/1b5dD73HzJdFKW8majoumKQvQ06gkQ5sN/view

How can this guy could spend so much money and so much time ? Nothing else to do ?

CSW in 2011 found a guy that wanted to make security software for government defense departments thy tried to broker a deal for R&D grants with the US. DOD. they got nothing and parted ways(no bitocin involvement

CSW(alone) got told about bitcoin in 2013 and bought his first coins(15 of them)

he later tried to re-establish communication with the partner of W&K(no bitcoin involvement) to try to sucker the australian tax office for R&D money for some idea of a bitcoin related venture, but found out he died he then tried to set up stuff alone and snare some dupes.

CSW in 2014 only had 45btc to his name which at the ATH peak was only $50k TOTAL (he first bought in at early 2013 with just 15btc to his name at only ~$3k total)

losses after the ATH correction put his businesses in trouble which started his main scammery in the cryptospace by seeking investors

he tried to bring back to life his old security software business partner just long enough to fraud sign some business papers making the W&K business CSW's. while trying to back date the fraud to before death dates to try to make it look real

he does not have big money in his pockets
for him his businesses lack real collateral and are just evaluated at huge numbers due to more scammery

his investors  have the money. they have billions. and paying just $2m on a court case to them is just a rounding error.

the promises he makes to them is that he will earn them ROI in many ways. including hopeful future movie deals where he thinks ticket sales would return hundreds of millions.

he gets paid to live and breathe his story. he gets paid to turn up to these things. for him he does not personally care win or lose, as it adds to "excitement" and more story to tell. more drama=more action

take the wolf of wallstreet. peal away dicaprio. and you are just left with a unethical guy that just done boiler room scams selling crap shares to people that lost. and got high
..
because bitcoin and crypto are not really regulated. destroying a coin whether its his crapcoin bsv or damaging another coin is of no consequence to him. people dont go to jail if a altcoin or popular coin is buggy or a bug is implemented into the latter.

frivolous court cases of civil claims are not a criminal act. its just a fine if caught. so more "price of doing business" which adds more drama to his biography

[NotATether]

his investors  have the money. they have billions. and paying just $2m on a court case to them is just a rounding error.

the promises he makes to them is that he will earn them ROI in many ways. including hopeful future movie deals where he thinks ticket sales would return hundreds of millions.

This sounds like a balloon to me. And if FTX could pop just like that, I don't see how a black swan event can't take down CSW & his lawsuits. We don't know what kind of event that will be, only of its existence.

[gmaxwell]

FTX popping was a mixture of FTX being willing to pop and FTX letting itself have obligations to people that weren't totally under its spell.

What Would Wright Work?  They could have just gone ultra gaslight: "sorry, for security withdraws will be disabled for the next 6 months while we re-secure our wallet".  That's what Wright would have done. Then in six month it would have been another excuse.

frivolous court cases of civil claims are not a criminal act.

His cases aren't frivolous-- they're fraudulent. Big difference. Though unless you have the right kind of political pull good luck getting one prosecuted.
It's happened, however: https://en.wikipedia.org/wiki/Paul_Ceglia

[franky1]

CSW claims about the defence.. are not fraud. EG hodlonaut did say some insults..
but its frivolous because hodlonaut didnt start it all. hodlonaut didnt damage an already damaged rep. because you cant break an already broken plate.
you cant claim damages against a person that didnt cause the actual damage


what CSW claims about himself are fraud, you are right

CSW claims about kraken are that kraken use the terms bitcoin and BTC
which is correct.
whats frivolous about is is the real creator satoshi 12 years ago said that BTC was bitcoin and was open source with no owner or copyrighe owned by anyone

what CSW claims about himself are fraud, you are right

[so98nn]

Craig is real funny guy and he is making a good joke out of him. His news are one of those hood coffee conversation starters which makes our coffee even bitter. Do you like it sir? One spoon CW or two spoon CW? Isn’t thats getting funnier everyday.

I don’t even know how lawsuits work in that country but after a few fake claims in my country such guys are taken seriously for background checks and then they are punished if they were wasting the time of court and deceiving them somehow.

He is stupidest human being with stupidest ideas every morning with stupidest fake claims.

[omone1]

He has succeeded in deceiving his followers to dump BTC for BSV and they did and he's now looking for billions of unfounded dollars to deceive his followers the more: No way. I parted ways with a community member when he kept defending BSV and Craig Write, we fought in the group, I was looking forward to fighting him in the open one/one, that is over now. This was because he was deceiving community members.

[aoluain]

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.

Can't wait for the day when they cop on to all this nonsense, maybe when the house of cards
really starts to fall will they realise their errors in backing CSW's very thin claims centering around
being Satoshi. It's just a matter of time.

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)

Seems like he’s seeing some of his funding start to dry up and is now throwing Hail Mary lawsuits at people hoping to be able to get something. His claim is utterly ridiculous and I think it won’t go anywhere but you never know when it comes to the legal system. I’ve seen dumber things be allowed to progress as lawsuits. Hopefully this one is over quickly.

Yes but it's up to the Kraken team to make sure the "legal system" are educated. Look at
the Hodlonaut trial, his team did a great job of discrediting CSW's arguments.

[Lucius]

Yes but it's up to the Kraken team to make sure the "legal system" are educated. Look at
the Hodlonaut trial, his team did a great job of discrediting CSW's arguments.

I think that @hodlonaut and his two lawyers (if I'm not mistaken) have done a far more intelligent job than Kraken or Coinbase are willing to do - or rather they are not capable of doing it in the way that most of us here would expect. I honestly wouldn't be surprised if instead of a defense there was some kind of settlement, because each of those CEX exists only for profit and they have never supported Bitcoin in any case - not even in the case of @hodlonaut when he publicly called them out for support because we already knew that they were next in line.

[NotATether]

The end of the CSW - Calvin Ayre partnership is near?

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)

Seems like he’s seeing some of his funding start to dry up and is now throwing Hail Mary lawsuits at people hoping to be able to get something. His claim is utterly ridiculous and I think it won’t go anywhere but you never know when it comes to the legal system. I’ve seen dumber things be allowed to progress as lawsuits. Hopefully this one is over quickly.

Yes but it's up to the Kraken team to make sure the "legal system" are educated. Look at
the Hodlonaut trial, his team did a great job of discrediting CSW's arguments.

Kraken has enough competence to ensure that its lawyers educate the court about crypto. I mean they are a crypto exchange after all, so they should absolutely know the fundamentals of crypto.

Calvin Ayre doesn't seem to be involved in this one, not even in the backstage, does he? Without him, CSW is just a scarecrow or paper tiger.