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> A few days later, Wright killed another lawsuit in which his company, Tulip Trading, accused Bitcoin developers of violating their fiduciary duties by refusing to help the firm recover a large amount of bitcoin allegedly lost in a hack. Holy shit, he actually named a crypto company after tulips? Isn't that a little bit on-the-nose?
Earlier quoted context omitted.
Doesn't make a lot of sense though, does it? Even if he could convince the judge he was Satoshi, indeed even if he in fact was Satoshi, if he didn't have the keys, he would not be able to spend the coins. Conversely, even if he had no clue who the reals Satoshi was, if he somehow acquired the keys, he would have the coins.
> Doesn't make a lot of sense though, does it? Sure it does, the billionaire's money spends just as well regardless of the ultimate outcome. In fact, in a sense its better for Wright to lose: "Well shucks if it weren't for that pesky court I totally would have reimbursed the funds you advanced me!"
> A few days later, Wright killed another lawsuit in which his company, Tulip Trading, accused Bitcoin developers of violating their fiduciary duties by refusing to help the firm recover a large amount of bitcoin allegedly lost in a hack. Holy shit, he actually named a crypto company after tulips? Isn't that a little bit on-the-nose?
Earlier quoted context omitted.
He conned a billionaire idiot to bankroll his lawsuits under the idea that should they succeed he'll be able to gain control of the Satoshi coins and presumably give the money back + more. I guess after having spent so much money he's so deep in his lies that his only way was to keep going even as the lies started falling apart (his latest round of fabricated evidence was very sloppy, so I assume he couldn't do a bet…
Doesn't make a lot of sense though, does it? Even if he could convince the judge he was Satoshi, indeed even if he in fact was Satoshi, if he didn't have the keys, he would not be able to spend the coins. Conversely, even if he had no clue who the reals Satoshi was, if he somehow acquired the keys, he would have the coins.
So glad to see this guy finally outed as a complete fraud. Can't believe he was able to get as far as he did with it all being bullshit. A true testament to the power of abject lying. Edit: Though now that I say this, considering the extent of Wrights fraud, lies and likely debts to get this far there is a very high likelihood of suicide.
I think most people thought he was a fraud before the trial. This should stop him sueing people in bitcoin though. I doubt it'll stop him going on about being Satoshi.
>Craig Wright Vows to Appeal Damning “Not Satoshi” Verdict. Undeterred by a written verdict exposing his forged evidence, Craig Wright doubles down on debunked Satoshi claims, vows to appeal.
https://dailycoin.com/craig-wright-vows-to-appeal-damning-no...
Earlier quoted context omitted.
> Doesn't make a lot of sense though, does it? Sure it does, the billionaire's money spends just as well regardless of the ultimate outcome. In fact, in a sense its better for Wright to lose: "Well shucks if it weren't for that pesky court I totally would have reimbursed the funds you advanced me!"
lol that greg maxwell himself got downvoted for this. people clearly aren't familiar with how craig operates, this reads like a shitpost but is probably exactly what he was thinking.
> A few days later, Wright killed another lawsuit in which his company, Tulip Trading, accused Bitcoin developers of violating their fiduciary duties by refusing to help the firm recover a large amount of bitcoin allegedly lost in a hack. Holy shit, he actually named a crypto company after tulips? Isn't that a little bit on-the-nose?
As far as I remember, it was the name of a matured shelf company he purchased as part of falsifying his history. The provider had a range of companies to choose from, so he picked one with the most bitcoin-related name, which turned out to be Tulip Trading.