Reported Bitcoin 'founder' Craig Wright's home raided by Australian police
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Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police
#2Whether he is Satoshi or not, the only rational thing to do at this point is say he is not
Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police
#3The bitcoins that Satoshi Nakamoto own are worth about ~400 million USD. There are also a ton of coins missing from Mt. Gox and Silkroad. Maybe it’s all related somehow? Anyhow, it's clear why the authorities would be interested: potentially there are hundreds of millions of USD on the line.
This said, this is horrible for Craig Wright if he is innocent...
Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police
#4The bitcoins that Satoshi Nakamoto own are worth about ~400 million USD. There are also a ton of coins missing from Mt. Gox and Silkroad. Maybe it’s all related somehow? Anyhow, it's clear why the authorities would be interested: potentially there are hundreds of millions of USD on the line. This said, this is horrible for Craig Wright if he is innocent...
well he is (innocent), until proven guilty...
Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police
#5So if the popular theory that he's faked a lot of the evidence to make himself look like Satoshi is true, it would appear he didn't entirely think his plan through...
Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police
#6What would be the problem if he were Satoshi Nakamoto? He'd rather deserve the Nobel prize.
Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police
#7Whether he is Satoshi or not, the only rational thing to do at this point is say he is not
At this point, if he is Satoshi, he would probably be better off coming out of the closet. If you read through the McGrath-Nichols documents about the Hotwire bankruptcy and how the R&D tax credits dispute killed Hotwire, it's clear the ATO has it out for Wright.
I bet that whatever this raid is about, it's about something like R&D tax credits again (http://www.businessinsider.com.au/the-australian-who-may-hav... says $54 million in 2015 alone!) or some sort of VAT rebate, and it may kill another of Wright's companies. There's not much you can do against the ATO if they are determined to reach an adverse decision against you... But if he's Satoshi, he can take the moral high ground and wage a media campaign to shame the ATO into dropping the case and maybe finally correctly treating Bitcoin as money.
Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police
#8What would be the problem if he were Satoshi Nakamoto? He'd rather deserve the Nobel prize.
I think the possible reason for raiding him is to catch up on tax obligations from having accrued so much undeclared wealth.
I don't know if there are other crimes for which they intend to charge him, but that's the first one that pops to mind.
Also, they've obviously had meetings in advance of "what do we do if we determine the identity of Satoshi", because this raid was FAST.
Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police
#9What would be the problem if he were Satoshi Nakamoto? He'd rather deserve the Nobel prize.
>What would be the problem if he were Satoshi Nakamoto?
From the article:
"Guardian Australia understands the raids are not related to the claims that Wright may have been involved in the creation of bitcoin, but are related to an Australian Tax Office investigation."
Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police
#10> Guardian Australia understands the raids are not related to the claims that Wright may have been involved in the creation of bitcoin, but are related to an Australian Tax Office investigation.
Seems like a hell of a coincidence for these two things to happen on the same day...