Thursday, January 20, 2022

[Tangents:] From The Sublime -- To The Ridiculous: Craig "Fake-Toshi" Wright Edition (Again!)


With little directly on-topic news, about our usual power-alley topics. . . we turn to the odd-balls of the Bitcoin universe.

Having been ordered before Christmas (as we earlier reported) to pay $100 million to the estate of his former business co-hort / partner in Miami. . . it makes sense that Craig Wright would now be "rifling through the couch cushions. . ." looking for spare / lost coins (literally), since his claims to being Satoshi have long-been roundly disproved.

His latest gambit -- along these lines -- is to seek an order from the UK courts that would ostensibly force the autonomous, decentralized and non-organized community handling code for Bitcoin SV (wait for it). . . to re-write the code, and give him access to a hoard he claims he lost in February 2020 -- to hackers. Uh-huh.

Even if the UK courts wanted to do so (they don't; thus the bond requirement), it is pretty clear that they may not assert extra-territorial jurisdiction to force disparate mods / developers (many of whom are well-beyond the reach of the court -- as they are believed to be residents and citizens of Southeast Asian nations). . . to do anything.

But onward, Mr. Wright / old Don Quixote presses -- charging bravely at the "dragons" cum-windmills -- of his addled mind, in courts dotting the globe.

Here's that latest UK based bit:

. . .A man who claims he's the creator of Bitcoin says his private keys to £14m of Bitcoin SV were deleted by hackers in 2020 -- and now he's suing developers to forcibly give him access to internet coins he "owns but cannot access."

Craig Wright (yes, him again) is suing 15 people and one Swiss company in the hope of forcing them to "re-write or amend the underlying software code" so Wright can get his hands on a large amount of Bitcoin SV.

The High Court of England and Wales recently ordered Wright to pay the court security for costs in case he loses, with the resulting judgment shedding light on yet more English litigation involving Wright and Bitcoin. . . .


What this strongly implies, is that Wright intends to default on the $100 million federal court judgment out of Miami. And it is likely that Wright has been careful NOT to leave assets worth anything like that amount, inside US jurisdictions -- which again brings us to his disappearing, like a Cheshire Cat, and likely stiffing the Kleiman family estate.

We shall see -- but the guy is a slow rolling train-wreck, indeed -- not unlike one Martin Shkreli, truly.

नमस्ते

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