Bigger, better, Bitcoin SV?

Will the real Satoshi please stand up?

And it’s still all about the same question: Is Craig Wright the legendary Bitcoin inventor Satoshi Nakamoto? He himself claims this vehemently in any case. The Bitcoin SV team also seems to agree, after all “SV” stands for “Satoshi’s vision”, the one and only, if you will.

But it doesn’t seem to fit together that well, if only in terms of the choice of words in the project’s current press release. Sometimes it talks about Satoshi Nakamoto, who left the project (before the Pay-to-Script-Hash function in question was activated), and sometimes it talks about Craig Wright, who is the real Satoshi.

However, he does not get a chance to speak in the press release. This could be due to the fact that he is busy asserting his claims in court. But so far not very successful. He has not yet been able to prove that he possesses the access keys to the legendary Tulip Trust.

This does raise questions: Shouldn’t he have an easier time proving he’s the Bitcoin inventor? He has certainly tried; for example, by trying to register the original Bitcoin White Paper in his name. But where, one might ask, did this sudden zeal come from? And aren’t the efforts to prove his identity also at odds with Satoshi Nakamoto’s vision? 

There is the Satoshi Nakamoto Family Foundation. Their credo is that we are all a bit of Satoshi. After all, we are dealing with a decentralized currency that wants to do without a mediating institution. Only the code rules. So does Bitcoin even need an inventor? Even if he did: Couldn’t he just activate his old account on the bitcointalk forum? Or is the real Satoshi so far off the beaten track that he has forgotten his access data? Let’s hope not.


The Tulip Trust and the Bitcoin million

Then there’s still the matter of the Tulip Trust. It contains 1.1 million Bitcoin units, which at the current Bitcoin rate is approximately USD 8.6 billion. Craig Wright is said to have dug it with the late Dave Kleiman. Ira Kleiman, the brother of the deceased, now accuses Wright of having put Kleiman’s Bitcoin in his own pockets.

Now both Wright and Kleiman’s lawyers are trying to prove the (in)truth of these accusations. Wright, in any case, is accused of falsifying contracts in order to substantiate his shares in the Tulip Trust. However, Wright claims that he owns the entire share in the Tulip Trust.

Why, one might ask, is it so difficult for the inventor of Bitcoin technology to prove this? According to Coindesk, Craig Wright’s reasoning is that he wanted to conceal his involvement with Bitcoin. When it gradually became known that Bitcoin was being used for illegal purposes, Wright says, he hired a security expert to cover his own tracks. His name: Dave Kleiman.

According to recent information, Craig Wright now has until February 2 to prove that he is in possession of the Tulip Trust. Whatever the outcome of the case..: As the date is only two days before Bitcoin SV Hard Fork, we can expect major unrest in the crypto market here.


What else is important in the Bitcoin ecosystem

However, things are a little more orderly in the Federal Republic. Here, the Federal Financial Supervisory Authority (BaFin) recently issued a statement on the current situation regarding crypto-custody. On closer inspection, it turns out that the current Bitcoin regulation in Germany is a transitional solution: Companies that already act as crypto-custodians have an even easier time doing so than those that only want to enter the Bitcoin business.


Crypto News international

Meanwhile, Russia is considering introducing taxes on Bitcoin, as is South Korea. Meanwhile, China is pretending to be a data protectionist and plans to transplant proof of ownership of intellectual property onto the block chain. Meanwhile Peter Schiff is searching in vain for his Private Keys and David Sonstebo claims that IOTA will soon surpass everything.