Peter McCormack Offers £250,000 to Craig Wright If He Proves He Is Satoshi Nakamoto

The 'Who is Satoshi Nakamoto' plot continues to thicken as beef between the What Bitcoin Did podcast host Peter McCormack and the one and only Craig Wright starts to heat up publicly. Here's the latest offer going from £100,000 to £250,000 for authentication proof.

There is a controversy going on with Craig Wright and whether he is Satoshi Nakamoto or not. He has been accused of lying and he has sued many individuals in the cryptocurrency space, including Peter McCormack and Hodlonaut.

This time, the podcaster of What Bitcoin Did, Mr. McCormack, is offering Mr. Wright £100,000 if he proves he is Satoshi Nakamoto.

Peter McCormack Offers £100,000 to Craig Wright

Until now, nobody has proved to be Satoshi Nakamoto, the creator of Bitcoin (BTC). Craig Wright, the chief scientist at nChain, claims that he is the founder of the largest digital currency in the market. However, most of the people in the space don’t believe in what he says.

The entrepreneur decided to file a claim in a court in the United Kingdom in which he accuses Peter McCormack of writing libellous tweets about him. Mr. McCormack, a recognized figure in the space, claims that Craig Wright is not Satoshi Nakamoto. Now, Mr. Wright is expecting to have £100,000 from damages after what McCormack wrote. He also expects McCormack not to publish any similar content in the future.

The court filing reads as follows:

“Wright maintains that BSV is the real target due to its capacity for massive on-chain scaling, which represents an existential threat to the future of other cryptocurrencies, the flawed design of which prevents them from scaling to meet the needs of a truly global financial platform.”

In a recent tweet, McCormack wrote that he agrees with all terms and rather than pay Craig £100,000 he will pay him £150,000. However, he would like £50,000 in Bitcoin in return from Satoshi’s wallet.

Until now, Wright did not answer anything about it. McCormack is not the only person in the market that was sued by Mr. Wright. Other figures such as Vitalik Buterin have also been warned. Hodlonaut, a recognized Twitter user has been sued as well.

Some cryptocurrency exchanges, including Binance, Kraken and Shapeshift, have decided to delist Bitcoin Satoshi Vision (BSV), the digital currency backed by Wright. Due to this situation, Bitcoin SV fell more than 17% in a 24 hours period.

Although McCormack requested £50,000 from the Genesis block, he decided to request £1 instead. Changpeng Zhao, the CEO and founder of the Binance crypto exchange answered that if anyone sends 1 BTC from a Satoshi address, he would cover the 250k for him.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

NEM-Based Blockchain Project Symbol Launches Wine Supply-Chain Management System

Symbol, an enterprise-focused blockchain project developed by NEM, is looking to tap into the Wine supply-chain business and help the industry save millions caused...

Kraken's Crypto Facilities Becomes UK's First FCA Approved Futures Exchange

Crypto Facilities which is also known as Kraken Futures has announced that it has received approval to start derivatives trading services mostly to institutional...

Binance to Supports Ontology Network 2.0 Upgrade Tomorrow; Swap NEP5 ONT Tokens Today

Binance is supporting the upcoming Ontology 2.0 network upgrade planned for Tuesday of this week. The top crypto exchange stopped the deposits and...

Crypto Market Bounces Back by 44.5% in Q2 As BTC Gains 78% Since Black Thursday: CoinGecko

The market cap of cryptocurrencies has grown by 44.5% within Q2, according to the first quarterly report by CoinGecko. In addition to this, Bitcoin's price...

DApp Q2 Market Report Shows Massive DeFi Impact in The Decentralized App Ecosystem

The DeFi realm has registered tremendous growth in the past quarter (Q2) with some products posting some impressive figures. $4.9 Billion was channeled through...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today