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Craig Wright faces tough questions over forged documents in court

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Re: Craig Wright faces tough questions over forged documents in court

#61

Post by lanrh1836 »

keymone wrote: post #38
lanrh1836 wrote: post #10

Earlier quoted context omitted.

You’re underestimating the story here. CSW is the creator of Bitcoin SV, which today has a market cap of $3.5 billion. A lot of people stand to lose or gain a lot of money depending on his claims.

market cap numbers actually aren't meaningful, especially in low liquidity assets like bsv.

How does that change anything? The point is CSW is relevant in the sense that if the #9 token by market cap collapsed it should be “news” in the crypto world. He isn’t just some crazy bystander whose supporters have nothing to lose.

Re: Craig Wright faces tough questions over forged documents in court

#62

Post by eof »

Can someone explain the public address thing? The courts seem to demand he list the public addresses where all Thai early mines bitcoin lies.

He says he cannot produce it because of this splintered trust.

But, the addresses are available for all to see on the blockchain itself, it is the private keys which are hidden away.

How is this basic fact just ignored in all these proceedings?

Re: Craig Wright faces tough questions over forged documents in court

#64

Post by mrkstu »

TeMPOraL wrote: post #54
jnbiche wrote: post #18

Earlier quoted context omitted.

> This is a feature, not a bug....Healthy communities are comprised of people who are trusting and permissive by default. It's entirely possible to find a happy medium. You can be trusting without being totally naive about individuals with bad intentions.

It really isn't, per what 'pdpi wrote. What we should do is being maximally trusting (to reap the efficiency benefits), and punish hard anyone trying to take advantage of it, way out of proportion compared to the magnitude of the violation, in order to discourage people from abusing the trust of others. The goal really is to let everyone be safe in trusting others to the point of naivete, because trust is that huge o…

I spent much of my youth in Utah, and it is probably the epitome of this.

Best state Gini coefficient [0]. Great income mobility (also best in US [1]).

It also has a rampant fraud/ponzi/mlm issue [3]. They come from the same source- There is a general level of trust that is much higher than anywhere else I've lived or experienced. Mostly rooted in a trust in others is part and parcel of the culture and dominant religion. I don't think the upsides would be achievable without the downsides that seem endemic to it.

[0] https://en.wikipedia.org/wiki/List_of_U.S._states_by_Gini_co... [1] https://business.utah.gov/news/utah-at-top-in-nation-for-upw... [3] https://www.deseretnews.com/article/900068203/does-utah-dese...

Re: Craig Wright faces tough questions over forged documents in court

#65

Post by akerro »

trollied wrote: post #42

At the end of the day, all he needs to do is use the Satoshi key on a transaction on the bitcoin blockchain to prove everything. He hasn’t and can’t. Am I wrong?

We're going to see such things at some point, there are a few "bitcoin address collider", some of them are even distributed.

Re: Craig Wright faces tough questions over forged documents in court

#67

Post by luckylion »

TeMPOraL wrote: post #54
jnbiche wrote: post #18

Earlier quoted context omitted.

> This is a feature, not a bug....Healthy communities are comprised of people who are trusting and permissive by default. It's entirely possible to find a happy medium. You can be trusting without being totally naive about individuals with bad intentions.

It really isn't, per what 'pdpi wrote. What we should do is being maximally trusting (to reap the efficiency benefits), and punish hard anyone trying to take advantage of it, way out of proportion compared to the magnitude of the violation, in order to discourage people from abusing the trust of others. The goal really is to let everyone be safe in trusting others to the point of naivete, because trust is that huge o…

> What we should do is being maximally trusting (to reap the efficiency benefits), and punish hard anyone trying to take advantage of it, way out of proportion compared to the magnitude of the violation, in order to discourage people from abusing the trust of others.

Are we doing that, though? It feels like we're generally very trusting and, organized in society, very forgiving. Hell, in lots of business cases, cheating makes money, getting caught and paying a fine is just the cost of doing business - and it pays.

I understand the theory, and I agree. I don't see it being applied however.

Re: Craig Wright faces tough questions over forged documents in court

#68

Post by csomar »

samcday wrote: post #2

The whole story seems so bizarre. As far as I understand it, some kind of fraudster got caught up in a bunch of his own lies, of which being the inventor of Bitcoin happened to be one. We're only reading about it because "Bitcoin" happens to be a frothy buzzword that gets the clicks. Otherwise this would just be some local news case about a wacky person saying the darndest things. It's funny how we decide what's news…

The funnier thing is that he potentially embezzled investors out of many millions of dollars for his bogus claims.

It's a wonderful world we are living in.

Re: Craig Wright faces tough questions over forged documents in court

#69

Post by threwawasy1228 »

danaos wrote: post #50
jnbiche wrote: post #4

The amazing things is that this guy -- an obvious fraud and conman -- has been invited to numerous high-level Bitcoin/Blockchain conferences as a speaker. It always stuns me how relatively few people are able to spot frauds (although it explains a lot about our current political situation). I'm guessing 40-50% of the population is susceptible to this kind of trickery.

His home was actually raided by Australian police right after news[1] broke that he may be Satoshi Nakamoto. [1] https://www.theguardian.com/technology/2015/dec/09/bitcoin-f...

This says more about the stupidity and uselessness of the police than it says about whether he is Nakamoto or not.

Re: Craig Wright faces tough questions over forged documents in court

#70

Post by skybrian »

Waterluvian wrote: post #57
TeMPOraL wrote: post #54

Earlier quoted context omitted.

It really isn't, per what 'pdpi wrote. What we should do is being maximally trusting (to reap the efficiency benefits), and punish hard anyone trying to take advantage of it, way out of proportion compared to the magnitude of the violation, in order to discourage people from abusing the trust of others. The goal really is to let everyone be safe in trusting others to the point of naivete, because trust is that huge o…

I have a great example from today of the efficiency of trust. I went to a three storey old factory turned into an antiques store. 150 000 square feet. Three floors of booths of all kinds of stuff. Coins, cards, collectibles, toys, furniture, everything. The whole place had maybe five visible employees. It was all consignment. You'd pick up $300 worth of nicknacks from the top floor and walk it down to the first floor…

Very true, trust matters, but it might help a bit that many antiques aren't useful in themselves and aren't that easy to sell. If they were selling razors or baby formula, maybe things would be different?

Do you think they have cameras?

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