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Craig Steven Wright Likely Creator of Bitcoin
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Craig Steven Wright Likely Creator of Bitcoin

  #1 (permalink)
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Craig Steven Wright Likely Creator of Bitcoin

Wired :- Bitcoin’s Creator Satoshi Nakamoto Is Probably This Unknown Australian Genius

and hot on the trails of that...

NYTimes :- Australian Police Raid Home of Man Said to Be Likely Creator of Bitcoin

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Not him....

This dude is probably an egotist hoaxer who evaded taxes* and likes titles....

http://motherboard.vice.com/read/satoshis-pgp-keys-are-probably-backdated-and-point-to-a-hoax

*Looks like he improperly used a 45% tax advantage, thus the raid


Last edited by Pedro40; December 10th, 2015 at 02:10 AM.
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I say the dude is going to spend a few years in taxjail:

"He conned the Australian Tax office out of millions of dollars.

Australia will give you tax credits if you spend money on R&D. He claimed to have spent Satoshi bitcoin by reassigning ownership of some of them through legal document.

The house raid is part of Australian Tax Office trying to get their money back.

Report on his company that went bust in 2014 has more info on how the capital he claimed to own was shuffled around his various other companies to generate tax credits/refunds :
http://www.mcgrathnicol.com/app/uploads/D14-140526-Hotwire439AReport-BFK.pdf"

And he most likely also lied about having a supercomputer...

https://www.reddit.com/r/Buttcoin/comments/3w5ro9/wright_not_only_isnt_satoshi_but_hes_pretending/

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There was steady improvement of the Bitcoin rate over the last days... already up 20%

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The guy was for sure trying to do something big...
Craig Steven Wright: Rumoured bitcoin creator was commercialising blockchain research and reviving company Hotwire - Business Insider

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He sure did something big, fleecing the Australian tax office out of 1.5 million dollars.

https://www.reddit.com/r/Buttcoin/comments/3web4s/some_more_info_on_craig_wright_and_his_scam/


The guy is going to be in jail for a few years. Apparently the only money his companies made was from tax rebates from non-existing business R&Ds....

Explanation:

"Australia has an r&d incentive program where they'll loan you cash advances against future tax liability. so you can borrow 10 million in cash today in exchange for giving up future tax deductions. it appears Wright faked his r&d expenditures, collected the cash advance and then did a runner"

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The plot thickens:

Wright might not be Satoshi, but he sure had a shit ton of BTCs a few years back, and he wanted to buy you guessed it right, gold with it:

" The 380,203 Bitcoins Wright paid to Ferrier was worth nearly 5% of all existing Bitcoins in 2013......After Wright had paid his Bitcoins for the software and gold, all the deals began to go belly up and Ferrier was arrested."

The alleged Australian inventor of Bitcoin tried to spend $85m on gold | Business Insider

Now to make things more "Hollywood can never dream this up", there is also a now dead guy in the picture, who was a friend of Wright and in his last months he carried an aluminum USB stick with him at all times.

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Pedro40 View Post
The plot thickens:

Wright might not be Satoshi, but he sure had a shit ton of BTCs a few years back, and he wanted to buy you guessed it right, gold with it:

" The 380,203 Bitcoins Wright paid to Ferrier was worth nearly 5% of all existing Bitcoins in 2013......After Wright had paid his Bitcoins for the software and gold, all the deals began to go belly up and Ferrier was arrested."

The alleged Australian inventor of Bitcoin tried to spend $85m on gold | Business Insider

Now to make things more "Hollywood can never dream this up", there is also a now dead guy in the picture, who was a friend of Wright and in his last months he carried an aluminum USB stick with him at all times.

What do you suggest ?
Early days mining ? Stolen ? Cryptgraphic loop found ?
Exploit ?
Special crypto hardware nobody is yet aware of ?

For sure... plot for a very interesting movie

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rleplae View Post
What do you suggest ?
Early days mining ? Stolen ? Cryptgraphic loop found ?
Exploit ?

My theory is:

1. He never had that many coins, they only existed "on paper". But somehow he convinced others that he had ownership.

2. If he actually had those coins, the original owner could have been the now dead friend.

Mostly I agree with this Redditor:

"It's theoretically possible, but both of them appear to be fraudsters, and there appears to have been a fair bit of legal maneuvering and documents that show claims of bitcoin ownership, a trust, etc... but this is Bitcoin, where claiming ownership in a legal document is irrelevant if you lack the keys.
Likewise with transferring the legal ownership of bitcoin without moving them.
A contract transferring ownership might be legally valid, it just totally defeats the purpose of bitcoin
The best explanation I've seen thus far is that he's fabricated/greatly exaggerated these large bitcoin holdings on paper, and has since been making various attempts to exploit this by trying to borrow against his "assets", claim R&D tax rebates by "spending" the coins on paper (without moving them), or to con others into business deals"

https://www.reddit.com/r/Bitcoin/comments/3wq5v6/business_insider_the_alleged_australian_inventor/

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He confirmes :

Craig Wright revealed as Bitcoin creator Satoshi Nakamoto - BBC News

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Thanks for the news.
Don't know how much the mystery end could affect Bitcoin value. Moreover, nobody knows how much BTC he owns.

EDIT : Sorry I didn't see previous posts when I was writing this

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