[U, At Night.] Craig Wright Owes $100 Million. But Jury Doesn't Award Bitcoin Hoard, In Miami -- On Lack Of Proof-Positive.

F A S C I N A T I N G.

I am mildly chagrined that Wright has been able to get at least some of the MSM to act as his stenographers. Most thinking humans would say that being ordered to pay $100 million... is a loss (doubly so, if like me -- you strongly suspect he doesn't own much Bitcoin in his name at all). But whatever.

Craig is (predictably) spinning it as a victory -- presumably because he gets to keep the bulk of the supposed $30 plus billion, in Bitcoin. However, the verdict found him responsible for conversion of the W&K assets (a ten pager; IP mostly). And, it does mean that Kleiman's estate is now about $66 million richer (Craig Wright's ex-wife owns a third of the entity he must compensate with $100 million). Here's a bit -- from Coindesk:

. . .Vel Freedman, attorney for plaintiffs, said his team, too, was happy with the verdict: “We just won $100 million!”

It was far short of what he had asked for: up to $36 billion for the value of bitcoin in dispute, $126 billion for intellectual property and $17 billion in punitive damages.

With his fellow attorneys Kyle Roche, and Andrew Brenner, Freedman issued the following statement:

We are immensely gratified that our client, W&K Information Defense Research LLC, has won $100,000,000 reflecting that Craig Wright wrongfully took bitcoin-related assets from W&K. Many years ago, Craig Wright told the Kleiman family that he and Dave Kleiman developed revolutionary Bitcoin based intellectual property. Despite those admissions, Wright refused to give the Kleimans their fair share of what Dave helped create and instead took those assets for himself. This verdict sets a historical precedent in the innovative and transformative industry of cryptocurrency and blockchain. Our firms, Roche Freedman and Boies Schiller Flexner, are honored they represented the Plaintiffs, protected Dave Kleiman’s legacy, and ensured his family receives the benefits of his labor. . . .

Now you know. I think the jury got it wrong -- but I will stand by the verdict -- as it gives/nets the Kleiman family more than they might spend in a lifetime. Onward. . . smiling. Ever, smiling. . . .

नमस्ते