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Craig Steven Wright claims to be Satoshi Nakamoto

economist.com

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Re: Craig Steven Wright claims to be Satoshi Nakamoto

#41

Post by disposeofnick9 »

smegger001 wrote: post #25
abhi3 wrote: post #4

Earlier quoted context omitted.

The question is can he liquidate his holdings without causing a market crash? Not just because of economics of demand and supply but because of the psychological effects on the market.

considering the cause for him needing to liquidate is known, he has major tax penalties he has to pay, exchanging them now won't cause as big of a stir as if he did it when he was anonymous and would lead to suspicion of some sort of problem with the protocol. and a run to cash in.

Mossack Fonseca alternatives will gladly arrange gradual liquidation into a Caribbean trust, to allow eventual retirement to a cheap island with pretty girls and piña coladas without salt.

Re: Craig Steven Wright claims to be Satoshi Nakamoto

#43

Post by markbao »

Craig Wright says that (the late) "Hal Finney was one of the engineers who helped turn Mr Wright's ideas into the Bitcoin protocol", according to this article.

However, in Hal Finney's "Bitcoin and Me" post, Hal says he mined the first block in 2008, then turned the miner off, and then heard about Bitcoin again in 2010 and transferred his coins to a cold wallet. But he doesn't say anything about working on the protocol. https://bitcointalk.org/index.php?topic=155054.msg1643833#ms...

Interesting story there. Either way – RIP, Hal.

Re: Craig Steven Wright claims to be Satoshi Nakamoto

#44

Post by heimatau »

Edit: (Sad that I submitted the long story yet original submission was just a snippet but HN mods change the submission.) That's not fair.

Not full story. Just snippet.

Full story (HN Sub): https://news.ycombinator.com/item?id=11609708

Direct: http://www.economist.com/news/briefings/21698061-craig-steve...

Re: Craig Steven Wright claims to be Satoshi Nakamoto

#46

Post by f3llowtraveler »

xiphias wrote: post #42

Of course he wants to be left alone: he didn't pay taxes. Also of course there is no real public proof as he's not Satoshi.

He wouldn't owe any taxes. At least, not any income tax. The coins were worthless when he first mined them, and so there wouldn't have been any tax due.

If he were to sell the coins now, he might incur a capital gains tax, depending on where he lives.

Re: Craig Steven Wright claims to be Satoshi Nakamoto

#49

Post by vintermann »

mappum wrote: post #26

EDIT 2: Debunked! The signature in Wright's post is just pulled straight from a transaction on the blockchain. Convert the base64 signature from his post (MEUCIQDBKn1Uly8m0UyzETObUSL4wYdBfd4ejvtoQfVcNCIK4AIgZmMsXNQWHvo6KDd2Tu6euEl13VTC3ihl6XUlhcU+fM4=) to hex (3045022100c12a7d54972f26d14cb311339b5122f8c187417dde1e8efb6841f55c34220ae0022066632c5cd4161efa3a2837764eee9eb84975dd54c2de2865e9752585c53e7cce), and you get th…

Last time around, he peddled fake proof. A deliberately backdated PGP key trying to look like Satoshi's. The key also reported being created on a date when the software it was created with didn't yet exist. (Keyservers will happily accept keys that claim to be generated in 1992. Some publications that ought to have known better still accepted it back then, until it was pointed out.)

Still looking at the page you posted in the edit, but not yet convinced.

edit: Sarah Jeong of Motherboard summed up the objections last time: https://motherboard.vice.com/read/satoshis-pgp-keys-are-prob...

Wright goes into a long post explaining public key crypto - to me it looks intended to bedazzle more than inform - but as far as I can see he does not produce a signature from any of the genuine keys associated with Satoshi.

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