Thursday, August 29, 2019

Finally, Someone Who Appreciates A Good Legal Opinion On Matters Running in The Billions of Dollars

Following up on yesterday's Satoshi: "Australian who says he invented bitcoin ordered to hand over up to $5bn".
Now throw in some cosplay and my work here is done.
Jemima Kelly writing at FT Alphaville:

He’s not Satoshi, he’s a very naughty boy
You may or may not be aware that Craig Wright, the Australian former pastor and polymath who claims to be bitcoin creator Satoshi Nakamoto, is not only suing a bunch of people for saying he’s a fraud, but is also himself being sued for only being 50 per cent Satoshi (while the people who he’s suing believe he is zero per cent Satoshi).

The man suing Wright is Ira Kleiman, brother of the late Dave Kleiman, an American computer engineer who Ira says helped Wright invent bitcoin. Ira has argued that his brother’s stash of coins and his intellectual property rights were “seized” in a malicious scheme perpetrated by Wright after Dave’s death in 2013. He’s been suing Wright on behalf of Kleiman’s estate for half of the bitcoins that were apparently jointly mined by Wright and Kleiman (as “Satoshi”) between 2009 and 2011 — a stash of around 1 million bitcoins or around $10bn — as well as half of the IP.

Wright has denied the partnership, and has argued that all his bitcoins are tied up in the “Tulip Trust”, which he says he cannot decrypt until he gets access to the key from a bonded courier in January, 2020. (It’s literally like a scene from Back to the Future.)

It’s been a pretty interesting case to watch, given that most of the major players in bitcoinland think that Wright is a liar, and given Wright would have to produce some evidence to establish whether or not he was in fact a liar.

But it seems that he failed to produce any such evidence. And now, a US judge has decided that Wright is indeed a liar. And not only that, but a liar under oath — a perjurer!....

And the cosplay?
April, 2018
"Techno-nirvana is going mainstream but at what cost?" (now with added cosplay)
The writer is the founding editor of FT Alphaville, here scribing away for the paper.....
.... Wright, it is said, will perform some sort of crypto-miracle, proving his credentials — which has set off another wave of manic bitcoin debate across the web over whether the Australian is a conman or the real deal.

Should we worry that all this wing-nuttery is going increasingly mainstream? Perhaps all this is just a financial version of cosplay, the fantasy games enjoyed by many adults, dressing up in elaborate costumes to play out their dreams. Cosplay apparently offers therapeutic help and a creative outlet to those working with dreams and memories, be it from a book or a movie or simply a character they have made up themselves.

There’s something similar with bitcoin, allowing financial minds to roam free in a techno-nirvana, slaying mighty beasts such as the Bank of England along the way....MORE 
I am having great difficulty combining this visage:
with the mere concept, much less the reality, of cosplay.