Craig Wright’s Claims His Loss Of $5 Billion Bitcoin Will Crash The Market; Only In His Wild Dreams
- No, the Judge did not confirm that CSW is part Satoshi
- “Asshole Satoshi” believes he can crash the market, well, he can dream on
Judge Bruce Reinhart awarded the plaintiff 50 percent of the Bitcoin that Wright held before December 2013.
The case began in 2018 when the brother of Wright’s late business partner Dave Kleiman sued him for $10 billion, alleging Wright was trying to seize David’s BTC holdings.
The court found that Wright submitted false evidence during the motion. The judge wrote, “During his testimony, Dr. Wright’s demeanor did not impress me as someone who was telling the truth.”
“Dr. Wright’s story not only was not supported by other evidence in the record, it defies common sense and real-life experience. Consider his claims. He designed Bitcoin to be an anonymous digital cash system with an evidentiary trail. DE 236 at 15. He mined approximately 1,000,000 bitcoin, but there is no accessible evidentiary trail for the vast majority of them.”
The ruling has been made, however, the case is not over yet. The procedural issues including the collection needs to be followed.
No, The Judge did not Confirm that CSW is Part Satoshi
“I’m the asshole Satoshi,” Wright told Modern Consensus as he says the judge has ruled it a partnership.
But this is not the case.
Judge Reinhart, in fact, did not make a finding on if Wright was Satoshi Nakamoto or not as he clearly wrote,
“First, the Court is not required to decide, and does not decide, whether Defendant Dr. Craig Wright is Satoshi Nakamoto, the inventor of the Bitcoin cybercurrency. 2 The Court also is not required to decide, and does not decide, how much bitcoin, if any, Dr. Wright controls today.”
The court just accepts that Wright had some Bitcoin in 2013 and continued to control some even today, that’s it.
So, No Crashing The market, however Much CSW Might Want To
“The judge ordered me to send just under 500,000 BTC over to Ira. Let’s see what it does to the market. I wouldn’t have tanked the market. I’m nice,” Wrigth said.
Well, even if he wanted to, he can’t because he doesn’t have the 1.1 million BTC that Satoshi mined.
As Whale Panda says, “Bitcoin Math: 50% of 0 = 0, BSV Math: 50% of 0 = $5 billion.”
So, the odds of Craig Wight’s Bitcoin crashing the market as trader and economist Alex Kruger so eloquently puts is, “ZERO.”