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Craig Wright Ordered to Personally Appear at Bitcoin Theft Mediation

A judge has ruled that a personal appearance by Craig Wright at mediation will promote “meaningful participation.”

Craig Wright has been ordered to appear personally at mediation to address allegations that he stole 1.1 million bitcoin (BTC) from Dave Kleiman, court documents filed on June 10 show.

The Australian entrepreneur had requested permission to appear by videoconference, arguing that physically attending the courtroom would have caused him “unjustifiable hardship.”

However, his motion was opposed by the plaintiffs, who argued that the discovery already performed so far in the case delivered “sufficient information to fairly evaluate the claims at issue.” The court sided with the plaintiffs, with Judge Beth Bloom ruling:

“Personal appearance by the parties will promote meaningful participation at mediation.”

As a result, Wright has now been ordered to attend the next mediation session on June 18.

He is accused of stealing bitcoin from the estate of Kleiman, a crypto developer who passed away in 2013. Kleiman’s family allege that up to 1.1 million BTC was taken, which would be worth just shy of $9 billion at press time.

Wright has made repeated requests to have the lawsuit dismissed, but back in December, Judge Bloom ordered that the case should proceed.

Last month, Wright filed United States copyright registrations for the Bitcoin white paper authored by Satoshi Nakamoto, attracting controversy from commentators.

Although the computer scientist has long claimed to be Nakamoto, a subsequent report by the Financial Times suggested that Wright’s registrations do not mean his claims are recognized by the U.S. government.

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Bitcoin Was Never Cypherpunk, and Satoshi Nakamoto was Never Meant to Be Anonymous, Craig Wright Says

Craig Wright is determined to make the world accept him as the creator of Bitcoin and the man behind the identity of Satoshi Nakamoto. But instead of signing the genesis block (something the community has agreed to accept as irrefutable proof of his identity) he thought it would be better to write a post removing the cypherpunk roots from its creation

BSV: The BCH fork promoted by Craig Wright as the Original Bitcoin (instead of BTC)

In an article published on his official website, Wright says he emailed Gavin Andresen in 2011 explaining that Bitcoin was never a cypherpunk thing and he did not support (and in fact was the opposite of) those who professed this philosophy:

“Bitcoin was never a cypherpunk experiment.
I left the Cypherpunks mailing list in the ’90s because I couldn’t stand people like Julian Assange. I couldn’t stand what some of the people there stood for. I was the opposite of many others on the cryptography mailing list. Even those people I liked, such as Tim May, held concepts that I could not stand.”

This is quite odd since Satoshi Nakamoto shared his creation precisely with the cypherpunk community that interacted in the metzdown mailing list

Moreover, although Wright did not support these guys, the cypherpunk philosophy – summarized in the Cypherpunk’s Manifesto – is very similar not only to the idea explained in the Bitcoin Whitepaper but also to the way of thinking Satoshi reflected in the early days of Bitcoin:

Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn’t want the to know, but a secret matter is something one to know. Privacy is the power oneself to the world …

Privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system … We cannot expect governments, corporations, or other large, faceless organizations to grant us privacy out of their beneficence.

And although Satoshi Nakamoto never shared his identity, never used his real name and never provided any personal information, Wright says to Gavin he “didn’t want to be a shadowy figure, such was never the intent of Bitcoin.”

In the end, anyone who has faith in Craig is free to believe he is Satoshi Nakamoto, and anyone who wants to believe that Bitcoin was an experiment to create a centralized, government-controlled, fully regulated transaction system is also free to believe it.

The post Bitcoin Was Never Cypherpunk, and Satoshi Nakamoto was Never Meant to Be Anonymous, Craig Wright Says appeared first on Ethereum World News.

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Vitalik Buterin: “Bitcoin SV is a Complete Scam”

Vitalik Buterin is not particularly a fan of Bitcoin SV. For the creator of Ethereum, the fork of Bitcoin Cash (BCH) is nothing more than a scam created to enrich its promoters.

In an interview with Grey Jabesi, Buterin responded with no regrets when asked his opinion about Bitcoin SV:

“Yeah, like, obviously BSV is a complete scam”

Vitalik did not comment further on this and preferred to talk about other issues he considered more important, such as the power of exchanges and the future of trading on Dexes.

This was not the only time Buterin downplayed BSV’s importance. In fact, not only has Buterin attacked BSV but Craig Wright directly, saying he does not believe that his claims to be Satoshi Nakamoto are true, calling him a fraud on different occasions:

The tension between Craig Wright and an important number of personalities in the crypto-verse has escalated considerably since Mr. Wright started a series of legal claims against those who voiced doubts about the veracity of his arguments.

In the letters, he demanded that skeptics remove the comments, publish an apology, and testify in court that Wright is Satoshi Nakamoto (even though he had not yet provided reliable proof of his identity, following the demands of the community).

Vitalik Buterin Bets on Decentralized Exchanges

In the same interview, Vitalik Buterin commented that he found more interesting the debate that followed CZ‘s announcement that Bitcoin SV was being delisted from the exchange because of the unethical conduct of Craig Wright and Calvin Ayre.

He noted that Binance should not be judged by a single decision given the important role it has played in promoting and growing the ecosystem:

“The delisting from Binance, that was interesting. There are arguments in favor of it but then there’s also arguments like this is an exchange that’s yielding a lot of centralized power, but realistically, Binance is as an exchange that has a lot of power and is buidling it in a lot of ways … So it gets we were to kind of criticize like that one decision without looking at all their others”.

Buterin has also strongly criticized centralized exchanges, even commenting at a time that he wished they all “burned in hell.” He expects decentralized exchanges to acquire a greater presence in the ecosystem, becoming the platforms of preference among traders around the world.

Full interview available here:

The post Vitalik Buterin: “Bitcoin SV is a Complete Scam” appeared first on Ethereum World News.

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Craig Wright Fights Back, Says Binance Funding Women Slavery

Binance Craig Wright

In his interview with Finder, Craig
Wright went all out and labeled Binance “a super bucket shop”. “That
should get to CZ…,” the self-proclaimed Satoshi Nakamoto thought. However,
despite Craig’s best efforts, the insult did not elicit the emotion he was
seeking from Binance chairperson, Changpeng Zhao.

He then decided to do what he does
best and expounded further on his money laundering and wash trading allegations
at the Coin Geek Toronto conference.

Craig, the force behind the Bitcoin
hard fork currency Bitcoin Satoshi Version, collectively accused Binance,
Tether and Bitfinex of serious crimes. He said that they were enablers in the
underworld operations of the enslavement of women and prostitution as well.

In a video clip  recorded in the conference, Craig says that “thirty percent of Binance and Tether funds women in slavery.”

Craig Wright Against the Crypto
World

Unfortunately for Craig, CZ still did
not bite that bait, swatting him away saying: “giving attention is
probably what he wants… We ignore stupid stuff, and focus on things that
matter.”

Zhao, the chairman of the world’s largest crypto exchange by adjusted volumes, has however not always been this patient with Craig’s unending dramatics and aggression. He, for instance, did not only threaten to delist BSV from his exchange but went ahead and did it anyway.  Although his actions were not appreciated by everyone on the crypto space, with some voicing concerns of abuse of power on the part of Binance CEO.

Early in the year, Craig Wright had served Hodlonaut with court papers for the crime of defamation.  Hodlonaut, a crypto enthusiast, had started the hashtag #CraigWrightIsAFraud, in response to Craig’s claims that he is the real Satoshi. The person behind the twitter handle Hodlonaut, had to leave Twitter when Craig put a $5,000 bounty in BSV on his head for it. The witch hunt caught the Binance chief’s attention who who took to Twitter, saying:

 “Craig Wright is not Satoshi. Anymore of this sh!t, we delist!”

It didn’t end well for BSV, which was later delisted by not only Binance but Kraken, Blockchain.com and ShapeShift as well.

He Claims To Be Satoshi

Craig has been suing personalities in
the crypto world left, right and center, so he knows a thing or two about libel
and defamation. Heck, he has actually served Dr. Peter McCormack‏ and Roger Ver amongst others over these same
allegations. Nonetheless, Craig did not seem worried about libel damages in his
talk at Toronto, since he tabled no evidence to back his claims.

Nonetheless making claims without evidence to back them up is not new to Craig. He, for example, has not backed his claim that he is Satoshi, despite filing and being granted the Bitcoin’s original code and Bitcoin white paper copyrights.  The list of people claiming to be Nakamoto is growing with Chinese citizen Wei Liu, laying his claim too. Liu has filed for the copyright to the BTC whitepaper, which according to the U.S. Copyright Office, is acceptable because they do not investigate claims.

Liu, the CEO of MarvelousPeach
Capital, a crypto fund, filed his claim on May 24.
As a result, John McAfee has also asked crypto fans on Twitter to submit for
the ownership of Bitcoin:

“Let’s start a movement where all of crypto twitter files a copyright for that… I hear they’ll register anyone and even when claims are competing… you have the power to kickstart it.”

The post Craig Wright Fights Back, Says Binance Funding Women Slavery appeared first on Ethereum World News.

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Fake News Circulating in China Suggested to Be Responsible for Bitcoin SV Price Surge

Crypto investment firm Primitive Ventures co-founder Dovey Wan suggested that fake news may be responsible for yesterday’s BSV price surge.

Co-founder of cryptocurrency investment holding firm Primitive Ventures Dovey Wan suggested that fake news circulating in China may be responsible for yesterday’s bitcoin sv (BSV) price surge. Wan posted about the fake news in a tweet on May 29.

According to Wan, a screenshot circulating on Chinese social media showed a fake article about self-proclaimed bitcoin creator Craig Wright having transferred 50,000 bitcoin (BTC) from the biggest bitcoin wallet in existence to cryptocurrency exchange Binance. According to the report, the transfer would be proof that Wright is Satoshi Nakamoto and created bitcoin.

The fake report posted by Wan also claims that Binance CEO Changpeng Zhao reacted to the development by promising to re-list BSV and publicly apologize. As Cointelegraph reported in April, Binance had previously delisted the altcoin in question, apparently because of Wright’s behavior in claiming to be Satoshi.

Wan commented stating that, while she does not know how much the alleged fake reports contributed to the price surge, “this fake news snapshot went viral in many Chinese retail groups around the same time.” She also claimed that people who believed the news “got super excited,” and added:

“CHINESE RETAIL IS THE BEST HERD EVER”

Another Twitter user contradicted this last idea, stating that many retail investors know that some news — even when fake — can lead to a price surge and see it as a trading opportunity. The user concluded: “I disagree that Chinese retail is more of a herd than any other geography.”

Bitcoin sv is currently the eighth-largest cryptocurrency by market cap, worth a little over $3.9 billion in total with growth of over 30% in the 24 hours to press time, according to CoinMarketCap data.

As Cointelegraph recently reported, Craig Wright has filed United States copyright registrations for the bitcoin white paper authored by Satoshi Nakamoto.

However, an analysis released by Cointelegraph earlier this month notes that the legal validity of Wright’s copyright filings are an object of dispute.

The U.S. Copyright Office had responded on May 22 to the response over Wright’s new claim by releasing a press statement noting that “as a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials.” The author of the release concluded:

“The Copyright Office does not investigate the truth of any statement made.”

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A New Satoshi Nakamoto Emerges as Chinese Citizen Claims US Copyright for Bitcoin White Paper

The debate over who the real creator of the original blockchain, Bitcoin, rages on as a new name has entered the waters. Wei Liu, a Chinese citizen residing in California, has recently claimed copyright to Bitcoin’s white paper.

The claim to copyright of the famous white paper has been contentious recently as controversial figure, Craig Wright also filed United States copyright registrations for the same paper and most of the original code used to build Bitcoin.

Wright has been claiming to be the real creator of Bitcoin for some time now but has recently been pushing that narrative with this copyright claim. On the other hand, Lui is an unknown on the cryptocurrency space with not much known as to why he has put forward this claim.

Skeptical claim

The claim to be the real Satoshi Nakamoto has crossed many paths with there not being one agreed upon true belief as to who the creator is. Wright’s claim to be Nakamoto has never truly been accepted, and his claim to copyright the white paper was met with even more skepticism.

Jerry Brito, executive director at non-profit organization Coin Center, tweeted:

“Registering a copyright is just filing a form. The Copyright Office does not investigate the validity of the claim; they just register it. Unfortunately there is no official way to challenge a registration. If there are competing claims, the Office will just register all of them.”

Another claim

Now, there is indeed another claim to the copywrite, from Liu, and it would not validate, or invalidate either man’s claim.

The U.S. Copyright Office released a press statement that said:

“as a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials.” The author of the release concluded:

“The Copyright Office does not investigate the truth of any statement made.”

Still unknown

It would appear that these claims on the copyright cannot legitimately be the answer to proving the real man behind the pseudonym. There have been many debates about the true nature, and where the real Nakamoto is.

Many believe that he has indeed gone underground, or is deceased, or is not just one man, but rather a group of people who created the first blockchain.

The post A New Satoshi Nakamoto Emerges as Chinese Citizen Claims US Copyright for Bitcoin White Paper appeared first on Ethereum World News.

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Chinese Citizen Wei Liu Also Claims US Copyright for Bitcoin White Paper

The official U.S. copyright archive shows that Wei Liu, a Chinese citizen residing in California, claimed copyright to the BTC white paper.

Official United States copyright archive data shows that Wei Liu, a Chinese citizen residing in California, claimed copyright to bitcoin’s (BTC) white paper on May 24.

In the filing, Liu claims to have published the bitcoin white paper on Jan. 11, 2008, under the pseudonym of Satoshi Nakamoto, with the title “Bitcoin: A Peer-to-Peer Electronic Cash System.” Earlier this month, self-proclaimed Satoshi Craig Wright also filed United States copyright registrations for the same paper and most of the original code used to build bitcoin.

Cointelegraph has not been able to determine who Wei Liu is or the reasoning behind the filing the copyright claim by press time.

A news release from May 21 had claimed that U.S. officials received confirmation that Wright is actually Satoshi Nakamoto, but the news has been met with skepticism from some crypto commentators.

Earlier this month, Cointelegraph reported that the legal validity of Wright’s copyright filings are an object of dispute. Entrepreneur and bitcoin core developer Jimmy Song told Cointelegraph that instead of proving that he is Satoshi, the filing shows “that CSW is a publicity-seeking con-man, but we already knew that.”

The U.S. Copyright Office had responded on May 22 to the clamor over Wright’s new claim by releasing a press statement noting that “as a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials.” The author of the release concluded:

“The Copyright Office does not investigate the truth of any statement made.”