Bitcoin Price Thread

The_Krakenite · Mar 14, 2024

My money is on Finney. Dan Pena says he knows the guy, and it's not some 'fucking' Japanese guy in a cave.

So...

Tokenz · Mar 14, 2024

themickey said:
Australian Craig Wright did not invent bitcoin, UK judge rules

Hans van Leeuwen Europe correspondent Updated Mar 15, 2024
https://www.afr.com/technology/aust...ot-invent-bitcoin-judge-rules-20240315-p5fcmj

London | A British judge has ruled that Brisbane-born computer scientist Craig Wright is not bitcoin inventor Satoshi Nakamoto, potentially closing the curtain on years of speculation and litigation about the Australian’s claims.

In a terse verbal ruling at the end of a six-week case in London, high court judge James Mellor said “the evidence is overwhelming” that Dr Wright’s claims were false.

“I’m prepared to say this: Dr Wright is not the inventor of bitcoin,” Justice Mellor said, according to court reports. “Dr Wright is not the author of the bitcoin white paper. He is not the person who adopted the name Satoshi Nakamoto.”

Craig Wright, the UK-based, Australian-born tech entrepreneur who claims to be bitcoin inventor Satoshi Nakamoto. Getty

Justice Mellor said he would “in due course” issue a written judgment, which would elaborate his conclusions on why Dr Wright had not created the bitcoin system nor written the bitcoin software.

The surprise snap findings on Thursday (Friday AEDT) will electrify the tech community, which has traded bitter blows over Dr Wright and his claims for almost a decade.

It could also, if the plaintiffs get their way, pitch the 53-year-old, UK-based Australian into a new criminal trial on accusations of fraud.

But equally it might not spell the end of Dr Wright’s courtroom campaign, which has been waged through a fusillade of court actions in multiple jurisdictions over the past eight years.

Speculation has long swirled over the identity of the pseudonymous Satoshi Nakamoto, whose 2008 white paper explained how bitcoin would work and triggered the cryptocurrency’s creation. Satoshi disappeared from view in 2011, seemingly with a cache of bitcoin that would now be worth more than $110 billion.

Dr Wright has sought to establish that he is Satoshi, and with it a claim to ownership of the intellectual property of bitcoin, on the grounds that the cryptocurrency was not being used as intended.

His argument has been that bitcoin has largely become an expensively traded commodity, whereas he wants it to be a kind of digital cash, suitable for small, everyday transactions – from which his companies could reap fee revenue.

But the Cryptocurrency Open Patent Alliance – whose leading backers include Twitter founder Jack Dorsey’s Block and crypto exchange giant Coinbase – has sought to prevent Dr Wright from using his Satoshi claim to in effect lock up bitcoin behind a wall of patents and copyright filings.

Justice Mellor’s ruling hands victory to COPA, which initiated the court case that has been running in England’s high court since early February. Other cases have dealt with aspects of Dr Wright’s claim, but this was the first to tackle it head-on. Moreover, this case wraps together four separate lawsuits that revolve around the issue.

A COPA spokesperson said, “This decision is a win for developers, for the entire open-source community, and for the truth,” COPA said in an emailed statement.

“For over eight years, Dr Wright and his financial backers have lied about his identity as Satoshi Nakamoto and used that lie to bully and intimidate developers in the bitcoin community. That ends today with the court’s ruling that Craig Wright is not Satoshi Nakamoto.”

It was unclear on Thursday whether or when Justice Mellor would go further and grant COPA the injunction it has sought against Dr Wright, which would prevent him from continuing to claim to be Satoshi. Dr Wright’s barrister argued against this, in effect on the grounds of free speech.

A social media post from one of Dr Wright’s biggest backers, Canadian businessman Calvin Ayre, appeared to accept Justice Mellor’s verdict.

“Cool. Now Craig is not Satoshi in law. He is still the world’s foremost expert in Enterprise Blockchain,” Mr Ayre said on X.

Dr Wright’s company nChain has similarly said that its business model, and Dr Wright’s role in it, would not be affected by an adverse judgment.

Just before the trial began in mid-January, Dr Wright had used a blog post and a half-page ad in The Times to propose a settlement. He offered “to waive my database rights and copyrights”, and provide “an irrevocable licence in perpetuity to my opposing parties”.

COPA rejected the offer, saying it came with “loopholes that would allow him to sue people all over again”. In court, they sought to show that Dr Wright was using forged documents and inconsistent evidence to substantiate his claim. COPA’s barrister branded Dr Wright’s case “an elaborate false narrative, supported by forgery on an industrial scale”.

Dr Wright’s defence was largely that the apparent inconsistencies or alterations were the result of technical or logistical glitches, unauthorised tampering, or even hacks and compromises of his email accounts and IT systems.

His lawyers also attacked the credibility of COPA’s expert witness. The plaintiff’s barrister responded in court that Dr Wright was “playing the man when you manifestly cannot play the ball”. According to a report on the Wired website, COPA has petitioned the judge to refer Dr Wright for a criminal trial.
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The dude is a freaking clown. Just five minutes of listening to his crap was enough for me. I know the real Satoshi would have had nothing to do with this foolishness....

schizo · Mar 14, 2024

The_Krakenite said:
My money is on Finney. Dan Pena says he knows the guy, and it's not some 'fucking' Japanese guy in a cave.

So...
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You mean this Dan Pena who says Bitcoin will ultimately go to $0 ??? Check it out for yourself.

semperfrosty · Mar 15, 2024

wxytrader said:
Yeah no shit we need a judge to tell us that? It was Hal Finney.
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Yeah.What was he thinking?! Lol

Hal does seem most likely.

S2007S · Mar 15, 2024

Under 68k.

Eth nearing 3600

wxytrader · Mar 15, 2024

S2007S said:
Under 68k.

Eth nearing 3600
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This is awesome and expected...back down to the 50's or lower by summer with a single or double correction. This will bleed slowly past the halvening to shake out the remaining weak hands before blast off.

I mean the chart is just doing what the chart does...it might be manipulation that forms these patterns, but it is probably a mix of manipulation, people taking profits, and new hodlrs who got in from fomo during the recent rally jumping ship.

SunTrader · Mar 15, 2024

(SEMAFOR)

Computer scientist is not Bitcoin creator

A British judge ruled that an Australian computer scientist who claimed to be the creator of Bitcoin is not, in fact, the creator of Bitcoin. The idea for Bitcoin and other cryptocurrencies was first expounded in a 2008 white paper authored by one “Satoshi Nakamoto.” Craig Wright has said since 2016 that he is Nakamoto and sued people who challenged his story. A group of crypto companies took him to court, accusing him of harming their businesses with his lawsuits. The judge said that “the evidence is overwhelming” that Wright was not the author of the white paper, or the person who created the Bitcoin system or software. The actual identity of Nakamoto remains unknown.

SunTrader · Mar 15, 2024

wxytrader said:
This is awesome and expected...back down to the 50's or lower by summer with a single or double correction. This will bleed slowly past the halvening to shake out the remaining weak hands before blast off.

I mean the chart is just doing what the chart does...it might be manipulation that forms these patterns, but it is probably a mix of manipulation, people taking profits, and new hodlrs who got in from fomo during the recent rally jumping ship.
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Or just two TDSeqSell13's on 5 minute chart:-

Tokenz · Mar 16, 2024

Ha this actually has a good beat

Covertibility · Mar 18, 2024

Funny as hell to see price targets for imaginary magic money.

~~~ Long both magic money and an ETF.