Gavin Andresen Casts Doubts on Craig Wright’s Satoshi Claim

Gavin Andresen Casts Doubts on Craig Wright’s Satoshi Claim

Gavin Andresen laid doubts that Craig Wright is Satoshi Nakamoto in recently released depositions.

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

Recently released depositions suggest that Gavin Andresen now has doubts that Craig Wright is Bitcoin creator, Satoshi Nakamoto.

The depositions, which are connected to Wright’s case against the estate of his alleged business partner, David Kleiman, show that Andresen was asked if he still believed that Wright is Satoshi. Andresen said he did initially believe Wright to be the creator of Bitcoin — or at least one-third of a group calling themselves Satoshi Nakamoto — but later on felt that he had been, in his words, bamboozled.

Andresen said:

“There are places in the private proving session where I could have been fooled, where somebody could have switched out the software that was being used or, perhaps, the laptop that was delivered was not a brand-new laptop, and it had been tampered with in some way. I was also jet lagged. And, again, I was not in the headspace of this is going to prove to the world that Craig Wright is Satoshi Nakamoto. I was in the head space of, you know, this will prove to me beyond a reasonable doubt that Craig Wright is Satoshi Nakamoto. And my doubts arise because the proof that was presented to me is very different from the pseudo proof that was later presented to the world.”

Andresen said later in the deposition that he now believes he has never again communicated with the erstwhile founder of Bitcoin, following his emails with Satoshi in 2010 and 2011.

The Kleiman-Wright case has been eagerly watched by the industry for its potential impact on Bitcoin’s future. As recently as May, lawyers for the Kleiman estate uncovered additional evidence against Wright.

Former Mt. Gox CEO, Mark Karples, claimed recently that Wright is “either a thief or a fraud.” Wright also attempted to sue Bitcoin Foundation founder, Roger Ver, for making similar statements against him in 2019. In his deposition, Andresen too maligned Wright’s reputation:

“I have my doubts on–I have many, many doubts in my head about what parts of–what things Craig told me are true and what are not true.”

Zur Quelle

Gavin Andresen laid doubts that Craig Wright is Satoshi Nakamoto in recently released depositions.

William Shatner Doubts Craig Wright’s Claims to Inventing Bitcoin

William Shatner Doubts Craig Wright’s Claims to Inventing Bitcoin

Canadian actor William Shatner seems to doubt whether Craig Wright is Satoshi Nakamoto, the mysterious inventor of Bitcoin

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

Captain Kirk seems unconvinced that the Australian computer scientist Craig Wright is the inventor of Bitcoin (BTC).

William Shatner, the Canadian actor that played Captain Kirk in the original Star Trek series, suggested that Wright is not behind the pseudonym Satoshi Nakamoto — the seminal cryptocurrency’s creator. In a tweet on Feb. 11, Shatner said:

“Ask yourself why would someone claim to be Satoshi and offer zero proof? Either put up or shut up, right?”

The discussion started after a Twitter user answered Shatner’s announcement of having been at a cryptocurrency event by expressing the hope that “fake Satoshi wasn’t there.”

After clarifying that this was a reference to Craig Wright, another twitter user claimed that Wright is indeed Satoshi and that Bitcoin SV (BSV) is the real Bitcoin, to which Shatner answered:

“Why can’t he prove it? From what I’ve read is that some mysterious bonded courier would deliver the keys (which honestly is a scene right out of Back to the Future.)  If he is, he should be able to prove it. This is like the modern day search for Anastasia.”

In his tweet, Shatner was referring to the Tulip Trust which purportedly contains the private keys to a million Bitcoin — worth $9.7 billion as of press time — that Wright claims will be handed to him by a courier. In late January, Wright told Cointelegraph that he is confident that he will gain access to the funds in question.

Billions in Bitcoin at stake

Wright has been wrapped up in legal proceedings brought against him by the estate of David Kleiman, an American computer scientist. The two sides are litigating over Wright’s alleged misappropriation of over a million Bitcoin that he and David mined together from 2009 to 2013.

Wright claims to be Satoshi Nakamoto, but in November he told the plaintiff that he could not afford a 500,000 BTC (nearly $4.9 billion) settlement in the case that the Kleiman estate initiated against him. Earlier this month, he was accused of abusing attorney client privilege to withhold documents and confuse trial proceedings.

Zur Quelle

Canadian actor William Shatner seems to doubt whether Craig Wright is Satoshi Nakamoto, the mysterious inventor of Bitcoin

Hodler’s Digest, July 22–28: Libra Doubts, Bitcoin Slumps, McAfee Behind Bars

Hodler’s Digest, July 22–28: Libra Doubts, Bitcoin Slumps, McAfee Behind Bars

This week in Hodler’s Digest: the surveys that reveal Facebook’s big Libra problem. Plus, John McAfee shrugs off legal trouble in the most John McAfee way possible

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

Facebook to work ‘however long it takes’ to win over regulators on Libra

Mark Zuckerberg turned on the charm offensive this week in an attempt to reassure governments and central banks that his social network is taking their concerns about Libra to heart. On a conference call, he told investors that Facebook has changed — and his company was no longer in the business of releasing products without prior warning. The CEO vowed its cryptocurrency would only debut when regulatory issues are ironed out, plunging 2020 launch plans into doubt. Another bombshell came on Wednesday when the CEO of Visa said no companies have officially joined the Libra Foundation, as they have only signed a nonbinding letter of intent. The day before, it emerged several fake pages posing as official channels for Libra were circulating on Facebook and Instagram — and they were only removed when the Washington Post alerted the tech giant that they existed.

The battle for Libra: Zuckerberg needs to convince the public, too

While Facebook tries to win the hearts and minds of regulators, there’s a risk it may be losing sight of an even bigger hurdle: winning over the public. A CivicScience poll this week revealed that just 2% of Americans trust Libra more than Bitcoin (BTC). Not good. Another survey suggested that only 12% of people in Germany, Europe’s biggest economy, are welcoming of the stablecoin. Not good. A third survey suggests that 49% of Facebook users in the United Kingdom and the United States would not put trust in the social media giant at all. Very bad. There’s little point in appeasing regulators if your own user base is wary about the product. What remains to be seen is whether Facebook needs to embark on an aggressive marketing campaign to bring them back on side or if users will shrug off their concerns and embrace Libra when the product finally lands.

Tim Draper

Stormy week for Sun as he denies money laundering allegations

Tron (TRX) founder Justin Sun has had quite the week. On Tuesday, he made an extensive list of denials — rejecting accusations of illegal fundraising, facilitating adult video transactions, gambling and money laundering. Later that day, he posted a live video from San Francisco in a bid to quash reports that has been banned from leaving China by the authorities. Also this week, Sun postponed a planned lunch with Warren Buffett indefinitely, blaming kidney stones. Billionaire Buffett, a renowned crypto skeptic, was probably thrilled by that. In another bizarre twist, Sun penned an online apology for “over-marketing” and then deleted it. The drama has seen Tron suffer hefty losses of more than 9% in recent days — and prices have fallen further since.

Bitcoin back to four figures as market veers into the red

After clinging on to its five-figure price point for several days, BTC succumbed to pressure and slipped back into the thousands on Wednesday. Although prices later recovered to $10,180, a sudden crash on Saturday saw BTC tumble by $800 in 15 minutes, leaving traders scratching their heads. It hasn’t all been bad news, though. Data suggests that the amount of Bitcoin that has not been moved for at least five years has reached an all-time high. A total of 3.8 million BTC — worth more than $37.3 billion at the time of writing — has been left untouched since 2014. Coin Metrics, the crypto data firm behind the research, says this proves Bitcoin is increasingly becoming a store of value as opposed to a medium of exchange.

Iran recognizes Bitcoin and crypto as an official industry, MP says

Tehran could be about to recognize crypto as an official industry and approve a mechanism for mining. Iran has been a hotbed of activity for mining in recent months because of the country’s cheap electricity rates. Now, officials want to legalize the process in an attempt to boost tax revenues, amid concern that the BTC mined on its soil is escaping abroad.

Winners and Losers

At the end of the week, Bitcoin is at $9.527.45, Ether at $210.19 and XRP at $0.31. The total market cap is at $264,072,410,254.

The top three altcoin gainers of the week are Regalcoin, Dexter G and Xchange. The top three altcoin losers of the week are Bolenum, Claymore and SpectrumNetwork.

Winners and Losers

For more info on crypto prices, make sure to read Cointelegraph’s market analysis

Most Memorable Quotations

“Can a person run for, and be, President of the United States and Prime Minister of Great Britain simultaneously? Yes. Absolutely. Without question. But I believe I am one of the few people still alive who could qualify for the combined position.”

– John McAfee, jailbird and aspiring politician

“I won’t be talking about Bitcoin in 10 years, I can assure you that […] I would bet even in five or six years, I’m no longer talking about Bitcoin as Treasury Secretary. I’ll have other priorities. […] I can assure you I will personally not be loaded up on Bitcoin.”

– Steven Mnuchin, U.S. Treasury Secretary

“To me, [Libra] suggests that Facebook’s almost trying to turn itself into its own country. It’s a global organization that doesn’t have physical boundaries but basically has a global community who are solely under the oversight of Mark Zuckerberg.”

– Damian Collins, British MP

“I think all these other cryptos are bridges to where we have a Bitcoin environment.”

– Tim Draper, billionaire

„Especially given the discussions around Libra and the rebound in Bitcoin, there’s heightened interest again.“

– Tim Hockey, TD Ameritrade CEO

“Cryptocurrency will survive regardless of any one country. Most countries that try to ban bitcoin cause their citizens to want cryptocurrency more.”

– Changpeng Zhao, Binance CEO

Changpeng Zhao, Binance CEO

„While regulatory innovation in the era of industrialization was a matter of choice, it is now a question of survival as we are experiencing the fourth industrial revolution, characterized by fusions across industries and fields.”

– Moon Jae-in, president of South Korea 

“Facebook has an enormous worldwide network and enormous financial muscle. […] But the only way Libra will work well as a medium of exchange is if everyone can trust it. And that’s the big question right now: whether there is going to be enough trust in Facebook.“

– Eswar Prasad, economics professor at Cornell University

Prediction of the Week

Pantera Capital CEO believes Bitcoin could reach $356,000 in a couple of years

It’s prediction time! Dan Morehead, the founder of Pantera Capital, has dusted off his crystal ball to forecast that BTC could hit $42,000 by the end of this year — and an unnervingly precise $356,000 by 2022. Morehead claimed such prices would be consistent with Bitcoin’s logarithmic growth rate, adding, “I know this sounds crazy but we’re essentially halfway back there.” He went on to predict that crypto enthusiasts will end up waiting a long time for a Bitcoin exchange-traded fund and warned that most altcoins will fall by the wayside.   

FUD of the Week

Indian government panel recommends a blanket ban on cryptocurrencies  

After a long-running drama, private cryptocurrencies could be a thing of the past in India once and for all. A government panel has officially recommended hefty fines of up to $3.6 million for anyone caught dealing in digital currencies — and even jail terms of 10 years. Draft legislation is now going to be examined, but given the government has previously compared crypto to Ponzi schemes, it’s almost certain that the proposals will be accepted in full. There was a glimmer of light at the end of the tunnel, as the panel has urged the government to consider launching an official digital currency through the Reserve Bank of India.

John McAfee arrested aboard a yacht in the Dominican Republic

Crypto enthusiast John McAfee was arrested onboard his yacht in the Dominican Republic this week, with reports suggesting that authorities seized high-caliber weapons, ammunition and military equipment from the vessel. The millionaire later posted pictures as he left detention after four days of confinement. Hours later, he was detained again. McAfee shared a photo of himself lounging topless on a bare bunk bed, writing: “My second arrest in one week — a record I think.” Although run-ins with the police normally spell disaster for presidential campaigns, the entrepreneur is undeterred — and McAfee now says he wants to run for the “combined” position of U.S. president and U.K. prime minister. Okay, John!

John McAfee

IRS sending 10,000 tax compliance letters to crypto investors

If you’re a hodler in the U.S., you might be getting a missive from the taxman through your letterbox soon. The Internal Revenue Service has written to 10,000 investors — asking some to amend their filings and others to catch up on back payments. However, those who receive the letters might not have done anything wrong. Tyson Cross, a crypto tax attorney, claims some of his clients have been contacted, even though they have accurately reported their earnings. He believes the campaign amounts to a “fishing attempt” by the IRS — and is urging investors to stay calm if the letter lands on their doormat. 

Best Cointelegraph Features

Bitcoin is property, Chinese court rules — no crypto ban contradiction

Earlier in July, a Chinese court legally recognized Bitcoin and ruled that it should now be considered as digital property. However, this doesn’t necessarily mean that attitudes toward BTC and other cryptocurrencies are going to change. Here, we explore China’s complicated relationship with digital currencies and examine what the ruling means.

Crypto community’s reaction to Libra congressional hearings

U.S. politicians and David Marcus, the head of Facebook’s Calibra wallet, recently had a two-day showdown in Washington, D.C. The hearings have garnered a mixed reaction. Here’s our roundup of what the crypto community had to say.

Zur Quelle

This week in Hodler’s Digest: the surveys that reveal Facebook’s big Libra problem. Plus, John McAfee shrugs off legal trouble in the most John McAfee way possible