Lawsuit spilling the beans about Satoshi Nakamoto-Bitcoin Creator!

in LeoFinance2 months ago

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Craig Wright, an Australian programmer who may have been the creator of Bitcoin, 'Satoshi Nakamoto', is said to be on trial in Miami, USA over ownership of 'Satoshi's 1.1 million BTC'.

While it is unknown whether the 1.1 million bitcoins in the veil really belonged to Craig Wright, David Kleiman's family claimed that Craig Wright and David Kleiman were co-creators of bitcoin, using the pseudonym Satoshi Nakamoto. Claiming half of the Bitcoins brought the case to the surface.

In fact, Craig Wright once claimed to be Satoshi five years ago, and even presented documents related to the development of Bitcoin as evidence, but it seems that it is not yet accepted as fact because it is not reliable.

The problem is... Craig Wright said he would donate half of 110 BTC to the Veterans Association after the lawsuit, so he is worried that the Bitcoin coin will crash if 550,000 bitcoins are thrown into the market at once.

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After searching and reading some editorials, it seems that most people don't think that Craig Wright is Satoshi. Looks like he's trying to float BSV, where he led a controversial hard fork? Whether that's the truth will be seen how the court trails goes on further. And definitely this might be the Bitcoin's Trial of the Century, lol.

Since the inception of Bitcoin in 2008, the Identity of Satoshi Nakamoto has been quite a mystery and the name had been alleged to various famous personalities including Elon Musk, American computer scientist Nick Szabo and few others.

Ira Kleiman, the brother of the late computer-security specialist David Kleiman, reported that, his brother David and Craig Wright were partnered into developing a digital currency, create and mine a significant amount under the pseudonym, Satoshi Nakamoto. BITCOIN which was released after Satoshi Nakamoto published an open source paper, launching the new digital currency, with decentralization and anonymous transactions. Well what just stated with the price of few pennies, had turned into biggest digital currency of the world. No matter who the real creator of Bitcoin, but the name Satoshi Nakamoto will definitely be remembered as the person who created revolution in digital world and virtual currencies.

The news might be an extra pinch of addition it cryptocurrency limelight into mainstream media, trying to figure out this myself stery gonna be one hell of a ride for the court, lol. But as they say any publicity, good or bad is considered publicity, it will only sparkle the cryptocurrency Fomo into the media and among authorities.

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Brilliant article. I can see why Elon Musk would be under suspicion. Inventing Paypal seems just a small leap to cryptocurrency.
I understand the worry of the market crashing with the release of that much Bitcoin on the market it sounds like a small amount, but at 55K per token it is understandable.

I have a sense that the mystery of who is Satoshi Nakamoto will not soon or ever be solved. It will be interesting to follow the investigation though. What is BSV?

You might be correct. It will remain a mystery who knows, lol.
BSV, is Bitcoin SV, A hard fork of Bitcoin Cash in 2018, Craig Wright, creator of Bitcoin SV, has been claiming himself Satoshi Nakamoto since then. But since there are no hard core proofs for this, it quite a popular rumour since than. 😊
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Okay, thanks for that, @vikbuddy! I have heard of Bitcoin Cash. It will be interesting to see what happens with all this going forward. Have a great Monday and start to your week. 😀
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