Craig Wright's claim of inventing Bitcoin may get him arrested for perjury
arstechnica.com
arstechnica.com
Welp, the courts did.
My best guess is Bitcoin was created by an Australian guy living in Japan and he no longer with us.
I, personally, don't care though and respect their anonymity.
What's coming soon?
I wonder how the BSV guys are taking this... they were almost as cultish as Hexicans with Richard Heart (who confronted Craig Wright about this year ago: https://www.youtube.com/watch?v=mQoyaguvGdQ )
Hopefully more patent trolls get the same treatment.
https://www.judiciary.uk/wp-content/uploads/2024/07/COPA-v-W...
> I do not consider a notice on his website on its own to be adequate, since his primary mode of communication to those interested appears to be via X / Twitter or via his Slack channels. So I will order the publication of an amended version of the notice sought by COPA (to reflect the injunctions I am granting) on the homepage of his website (i.e. not merely by way of a link) for a period of six months and of the same amended notice pinned on his X / Twitter feed and on all Slack channels for a period of 3 months.
First ever legally compelled pinned tweet? I guess this way there's no "tweeting through it". It doesn't appear he's complied with this yet.
More positive effects, https://x.com/CobraBitcoin/status/1813271585882505272
It's good to be here but its unfortunate that it required spending more than 10 million pounds and took several years of several people's lives to get here.
... and counting, considering that he's announced that he will appeal.
To understand why Bitcoin's entire goal is to maintain security of its ledger. Increasing the block size means less people can download the ledger and verify it, since it takes up more space. This is seen as a risk to the security of the ledger and any change to the block size should be avoided. Instead it is better to optimize for the space already available (Segwit is an example). Bitcoin Cash is a fork that disagrees with this opinion and has a bigger block size.
Craig Wright spun off Bitcoin Cash into Bitcoin SV with a massive (128mb per block) size. It is easy to monitor network performance and see both of these networks under preform against Bitcoin. These cryptocurrencies serve as a way for Craig and the other crypto grifters to pad their bags. If you held Bitcoin at the time, you got the same amount "airdropped" on the forked chains represented in their blockchains tokens. This means that once the crypto currency goes live on any exchange you can immediately dump for profit and no real risk.
All he is doing is finding a contentious issue, digging in and marketing his own solution without understanding any of the engineering philosophy in order to exploit and extract money from people in a loosely regulated market.
Hope it truly catches up to him some day.
Segwit doesn't optimize already available space, it bypasses the original 1 MB block size limit by moving the transaction signatures outside of the limit (which it does in a way that has some security advantages). Main difference is that it was done as a soft fork, not as a hard fork (which would split the chain). I don't think that you can optimize the size of blocks, as they contain mostly address hashes and signatures.
You can see here that the blocks are bigger than 1 MB: https://www.blockchain.com/explorer/charts/avg-block-size
Had he been just an ordinary unfunded kook, his loopy writings would have just been discarded by the courts.
Take from that whatever you will.