Post
Topic
Board Bitcoin Discussion
Re: As it turns out, Craig Wright actually is Satoshi!
by
franky1
on 27/01/2017, 01:22:03 UTC
That is a weak argument given the intellectual caliber of the people he "conned".

you need to know his whole back story.

1. in something like 2013 he told a friend to set up a trust. and the collateral was a bunch of PUBLIC KEYS
he did not show proof of signatures of the PUBLIC keys. he relied on his friends naivity to only check the balances of the PUBLIC KEYS to get a total value to use as collateral.

2. emphasis the friend did not understand bitcoin so thought showing public key was like showing a bank statement as proof enough of holding.

3. then using the TRUST which is then falsely insured for multiple millions of dollars of value. (although it held 0 assets and just a list of random early adopter public keys). that TRUST fund was then used as collateral to then get other investments by FALSELY suggesting it was secured by million of assets. due to an insurance policy insuring the trust.

4. the now invested fund was then used to make other investments..

5. australian authorities questioned the trust so he legged it to england.. then craig contacted media and started his own 'i am satoshi' whispers because the australian government were doubting his trusts assets.

6.  later people have seen that the proof is not proof. but publicly available data.. this has made the first trust funds assets factually reduced to zero. meaning the initial investors will want to drop out. which is snowballing right now like ripples in the water. each level of investment has now realised their funds are not secure.

7. now craig wright is trying to get patents and do book deals, etc to try raising capital and creating assets to bulk up the empty trust to try and salvage some value of that empty trust. purely to avoid civil and possible criminal charges if he ever got deported to australia to have to answer for his actions. he thinks if he can replace the PUBLIC key fake asset with patents and book royalty contracts to then give the trust real value, he can avoid civil/criminal actions by showing the trust holds real value.