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Craig Wright, the computer scientist behind Bitcoin SV (Satoshi Vision) who says he created Bitcoin and authored the whitepaper, is being compelled by a Florida judge to prove his Bitcoin holdings by Monday. The federal court has also summoned him to speak under oath by the end of the month.
Wright’s legal battle continues against the estate of Dave Kleiman whom Wright says was involved in the invention of Bitcoin. Ira Kleiman, the brother of the deceased tech entrepreneur, claims Wright abused a complex multi-year partnership with Kleiman to misappropriate over one million BTC worth billions of dollars.
The court’s latest motion is intended to compel Wright to prove his private Bitcoin addresses. Wright earlier tried to thwart the court’s demands by claiming the addresses were held by a blind trust. Failure to comply now, however, could constitute a legal crime and spell more legal jeopardy for Wright.
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Attorney Stephen Palley, a partner at Anderson Kill in Washington D.C., says he believes sanctions are coming.
Adds Palley,
“Listen, I have no idea who Satoshi is. I can tell you that the court isn’t buying what this guy is selling though and is creating a strong incentive to settle.”
Appearing at the CoinGeek Toronto Conference 2019, Wright once again affirmed that he is the creator of Bitcoin.
When asked, “Did you create Bitcoin?”, Wright responded, “Yes.”
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During the fireside chat with Bitcoin Association founding president Jimmy Nguyen, Wright explains,
“Part of why I saw why Bitcoin needed to be different – why cryptocurrency had always failed – when you get to a certain size, law enforcement starts to be active. You start introducing people who use crime and are getting away with it. If it’s an illegal system, if it’s facilitating crime, if it’s anonymous, eventually you get a bigger and bigger userbase of people breaking the law, and then it gets shut down. And people don’t seem to understand: it’s distributed, it keeps going.”
Wright also talks about some of the most difficult aspects of coding Bitcoin including the fee reward structure.
Wright later references a moment when he was reading about Bitcoin in the early days and then seemingly corrects himself to note that he was writing about Bitcoin.
“Back in 2008, it had this section on how identity worked in Bitcoin. I remember reading it … probably when I wrote it.”