Craig Wright's claim of inventing Bitcoin may get him arrested for perjury

I wonder how the BSV guys are taking this... they were almost as cultish as Hexicans with Richard Heart (who confronted Craig Wright about this year ago: https://www.youtube.com/watch?v=mQoyaguvGdQ )

mhh__• 2 years ago

Couldn't have happened to a nicer guy

eigenvalue• 2 years ago

Good, this guy is totally evil and malicious. He has plenty of capacity to pay for the damage he has caused people who actually did contribute to bitcoin.

andoando• 2 years ago

For a guy claiming to have invented bitcoin, is he at least an expert on crypto?

657567562• 2 years ago

Not at all. He forked an altcoin that was already a fork of Bitcoin. Bitcoin Cash was the name, and he forked it into Bitcoin SV. https://en.wikipedia.org/wiki/Bitcoin_Cash#2018_split_to_cre...

To understand why Bitcoin's entire goal is to maintain security of its ledger. Increasing the block size means less people can download the ledger and verify it, since it takes up more space. This is seen as a risk to the security of the ledger and any change to the block size should be avoided. Instead it is better to optimize for the space already available (Segwit is an example). Bitcoin Cash is a fork that disagrees with this opinion and has a bigger block size.

Craig Wright spun off Bitcoin Cash into Bitcoin SV with a massive (128mb per block) size. It is easy to monitor network performance and see both of these networks under preform against Bitcoin. These cryptocurrencies serve as a way for Craig and the other crypto grifters to pad their bags. If you held Bitcoin at the time, you got the same amount "airdropped" on the forked chains represented in their blockchains tokens. This means that once the crypto currency goes live on any exchange you can immediately dump for profit and no real risk.

All he is doing is finding a contentious issue, digging in and marketing his own solution without understanding any of the engineering philosophy in order to exploit and extract money from people in a loosely regulated market.

Hope it truly catches up to him some day.

oskarkk2• 2 years ago

Instead it is better to optimize for the space already available (Segwit is an example).

Segwit doesn't optimize already available space, it bypasses the original 1 MB block size limit by moving the transaction signatures outside of the limit (which it does in a way that has some security advantages). Main difference is that it was done as a soft fork, not as a hard fork (which would split the chain). I don't think that you can optimize the size of blocks, as they contain mostly address hashes and signatures.

You can see here that the blocks are bigger than 1 MB: https://www.blockchain.com/explorer/charts/avg-block-size

xhkkffbf• 2 years ago

There are a lot of false and exaggerated claims in the world. Why are we bothering to spend so much time on this in court?

nullc3• 2 years ago

Design flaw in civil courts. Wright was backed by billions of dollars of other people's money that he was willing to throw away, so he was able to drive up cost for others and consume court time.

Had he been just an ordinary unfunded kook, his loopy writings would have just been discarded by the courts.

tardy_one• 2 years ago

A court that doesn't act on demonstrable perjury is just a stadium.

nullc3• 2 years ago

Perjury prosecution is relatively rare in both the US and the UK.

Take from that whatever you will.

oskarkk2• 2 years ago

He not only claimed to be the inventor of bitcoin, he also started registering copyright to the bitcoin whitepaper and code.

nullc3• 2 years ago

Well he got his butt out of the country as soon as the initial judgement came down and hasn't returned since.

More positive effects, https://x.com/CobraBitcoin/status/1813271585882505272

It's good to be here but its unfortunate that it required spending more than 10 million pounds and took several years of several people's lives to get here.

... and counting, considering that he's announced that he will appeal.

ChrisArchitect• 2 years ago

Earlier: https://news.ycombinator.com/item?id=40975209

andirk2• 2 years ago

When Wright first claimed to be the creator of Bitcoin, I didn't believe him only because the creator of Bitcoin was a very elusive person(s), and Wright is loud; I didn't need to look in to it further.

Welp, the courts did.

My best guess is Bitcoin was created by an Australian guy living in Japan and he no longer with us.

naveen99• 2 years ago

I like to think it was chris mallet who created autohotkey. He disappeared from autohotkey when bitcoin came out. And then disappeared from bitcoin when deep learning came out…

nojvek• 2 years ago

Why do you say Aussie in Japan? What evidence do you have?

andirk2• 2 years ago

His speech in forums and emails sounds Aussie to me. And his slight distance from American culture rules out USA. Japan because of a handful of references to Japanese culture, and others have deduced the Pacific region from his correspondence timestamps. And no longer with us due to not moving original coins, and his extremely abrupt disappearance mid conversation, almost mid sentence.

I, personally, don't care though and respect their anonymity.

voxic11• 2 years ago

Its probably the person you most suspect https://youtu.be/XfcvX0P1b5g

Craig Wright's claim of inventing Bitcoin may get him arrested for perjury

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