Trial of Bitcoin inventor ends without Satoshi appearing
Trial of Bitcoin inventor ends without Satoshi appearing

The jury decided that Australian computer scientist Craig Wright, who claimed to have invented Bitcoin, did not have to give up half of the so-called cryptocurrency stock - the stock is valued at more than $50 billion.

The lawsuit caused an uproar in the bitcoin community because if the court ordered Wright to transfer those bitcoins, he would have to transfer those bitcoins, and only the real Satoshi Nakamoto would be able to do so.

Satoshi Nakamoto's name appeared in the original white paper describing how Bitcoin works. Although the name is used to refer to the smallest unit of currency, the identity of Satoshi Nakamoto has never been identified.

I don't even know if it was a person or a group of people. Wright repeatedly claimed to be Satoshi Nakamoto. However, many experts agreed that no evidence was presented to support this.

It is difficult to prove whether an alias is an alias. But someone started with around 750,000 to 1.1 million bitcoins. He believes that only the inventor of Bitcoin can do that.

When the Bitcoin blockchain was invented, the Bitcoin blockchain was one of the first coins that could be mined on a home computer instead of using specialized hardware.

This coin is the centerpiece of the case, which began in 2018 when a relative of a deceased former colleague Wright sued.

These relatives agreed that Wright was involved in the development of bitcoin. But they claim that he is not the only one. They said that a man named Dave Kleiman helped Wright create cryptocurrency. Therefore, such parents are entitled to half of the shares in Satoshi Nakamoto.

The lawsuit has received so much attention that most of the crypto community believes that Wright did not create cryptocurrency.

There is an incomprehensible possibility that if the court orders Wright to pay half to the Kleiman family, the court will have to either require Wright to prove ownership of the documents during the trial or that he must sell the documents (and proof of ownership). .

Despite the vicissitudes of the trial, Judge Wright called him a petty liar. He also accused him of trying to use false documents as evidence.

The jury has neither confirmed nor refuted Craig Wright's myth about the creation of Bitcoin

Wright claimed that the lawsuit proved that he invented the piece. But years of litigation in Florida have not satisfied skeptics.

The jury was not asked whether Wright was really Satoshi Nakamoto. Instead, their job is to determine whether Wright and Kleiman had a working relationship. If Clement invented the play, Clement's parents might also become wealthy.

The story does not end there. The jury asked Wright to pay $100 million to W&K Info Defense Research, a company founded by Wright and Kleiman.

Getting $100 million isn't easy. So if about 2,000 bitcoins are transferred from an address owned by Satoshi Nakamoto, the court can prove it unless the court does so.

Although many in the crypto community are not betting that this will happen. When this happens it is almost impossible to imagine what will happen to the price of Bitcoin.

In May 2020, someone transferred 50 bitcoins that had been in storage since 2009, which subsequently triggered a small market crash that lowered the token’s market cap by nearly $6.5 billion.

These coins may not even be Satoshi Nakamoto's coins, but converting them had a huge impact.

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