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Craig Wright said he invented Bitcoin – lawyers proved him wrong

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Re: Craig Wright said he invented Bitcoin – lawyers proved him wrong

#31
post #12

Earlier quoted context omitted.

While the lawsuit was insane, it serves a good reminder that when Bitcoiners proudly proclaim that “governments have no power over them”, it’s not quite that simple in lots of ways. If the governments of the world really started to believe their fiscal powers or national currencies were threatened by crypto, they have an extensive repertoire of tools to shut it down.

You misunderstand the point people saying this make. They know governments can suppress their freedoms ultimately but since Bitcoin is an open and public system, the measures governments have to use to "kill" it force them to limit very fundamental freedoms (like freedom of speech to restrict the publishing of its source code, freedom to consume the energy citizens purchase and/or produce how they want, neutral acces…

These kind of measures are political suicide in Western democracies

CSAM has entered the chat. ("Why do you support child abuse, Senator?")

Re: Craig Wright said he invented Bitcoin – lawyers proved him wrong

#32
post #12

Earlier quoted context omitted.

He attempted to sue Bitcoin core devs to alter the algorithm to hand over Satoshi's coins. On the basis that he lost the keys and that the maintainers have a duty to him to help him recover them. Every part of the lawsuit was just batshit insane. The most insane part was that an UK court allowed the lawsuit to be heard, and forced dozens of people not living in UK to pay big money to defend themselves.

While the lawsuit was insane, it serves a good reminder that when Bitcoiners proudly proclaim that “governments have no power over them”, it’s not quite that simple in lots of ways. If the governments of the world really started to believe their fiscal powers or national currencies were threatened by crypto, they have an extensive repertoire of tools to shut it down.

Ultimately I can memorise 12 words representing my private key. And when the dictatorship finally ends, or I manage to flee, no government can ever freeze my money.

No tax man, no dictator, and no other thief can distinguish someone who memorised 12 words from someone who didn't.

Re: Craig Wright said he invented Bitcoin – lawyers proved him wrong

#34
post #7

> A legal notice on Wright’s website¹ now states that he is not Satoshi and that he has been ordered not to carry out any more legal proceedings based on these false claims. I can see the notice, but how does that work? Did the court order that specific phrasing and page? Have they seized the domain? Are they going to run it indefinitely? Is there anything stopping Craig from purchasing a new domain and using that? ¹…

Your first guess is precisely right: the court ordered him to post that notice on his Twitter accounts and website. It's for a limited time of a few months.

Re: Craig Wright said he invented Bitcoin – lawyers proved him wrong

#35
post #22
post #12

Earlier quoted context omitted.

While the lawsuit was insane, it serves a good reminder that when Bitcoiners proudly proclaim that “governments have no power over them”, it’s not quite that simple in lots of ways. If the governments of the world really started to believe their fiscal powers or national currencies were threatened by crypto, they have an extensive repertoire of tools to shut it down.

I disagree. This lawsuit was against a single individual. There is nothing here that is threatening to crypto as a whole. One thing that will make it harder to regulate as time goes on is that more people will be financially involved. From traditional finance getting involved through funds, to the masses getting involved, the ecosystem has grown far beyond the fringe, and will continue to do so with each successive h…

This is a misunderstanding. The lawsuit was not one suit: it wrapped up one against Wright, but several that he instigated against others. This involved dozens of individuals and companies, sued by him for various ends such as control over the word "Bitcoin", control over bitcoins themselves, and forcible changes to the protocols.

It was absolutely a threat to Bitcoin and other crypto.

Re: Craig Wright said he invented Bitcoin – lawyers proved him wrong

#37

> …lawyers picked apart Wright’s claims that some of his computer documents had been typed before 2008, using evidence from font designers. The witnesses testified that some fonts “hadn’t even been created until years after the alleged date of the document”… https://craigwright.net/ Fascinating.

Fun fact: A Microsoft font also helped expose corruption by Pakistan's former PM, Nawaz Sharif [1]. Apparently, documents dated to 2006 were typed up using Calibri, a font that only went into public distribution around 2007. [1] https://www.theverge.com/2017/7/12/15961354/pakistan-calibri...

Same thing in Turkey. https://balyozdavasivegercekler.com/2012/10/04/dani-rodrik-d...

Re: Craig Wright said he invented Bitcoin – lawyers proved him wrong

#39
Anything in this story that wasn't news 2-6 months ago?

Craig Wright Lied About Creating Bitcoin and Faked Evidence, Judge Rules

https://news.ycombinator.com/item?id=40416629

Judge rules Craig Wright is not Satoshi Nakamoto

https://news.ycombinator.com/item?id=39704116

Bitcoin Creator Isn't Craig Wright, London Judge Rules

https://news.ycombinator.com/item?id=39705642

Re: Craig Wright said he invented Bitcoin – lawyers proved him wrong

#40
post #25

Earlier quoted context omitted.

No need to extract keys, the Bitcoin devs could just change the code. Even lock up the original and mint new ones for Craig. It's just code in the end. Similar to how Eth changed the code to nullify the DAO hack.

The Ethereum DAO rollback fork was (for better or worse) widely supported by the community. It's not likely that a court-ordered fork to reassign Satoshi's coins to Wright would have anywhere near the same level of support.

But if it were to happen, what are the chances a fork of Bitcoin (that doesn’t respect this ruling) becomes more mainstream than Bitcoin?

Less than 10%, and that’s generous.

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