Craig Wright: I can shut down Bitcoin | Crypto Craft

  • Craig Wright: I can shut down Bitcoin

    From modernconsensus.com

    Craig Wright just claimed that Bitcoin is his property and he’ll take back control of it in 2020. The founder of Bitcoin SV (BSV) and self-proclaimed Satoshi Nakamoto claimed to own “full rights to the Bitcoin registry” in a blog post on Feb. 13. Very few people outside of Bitcoin SV supporters believe he created the first cryptocurrency. Calling himself “the sole creator of Bitcoin,” Wright said “[t]his year, I am taking charge and control of my system.” He even promised to pay taxes on “his” assets, noting that he is moving his “trust and related companies” to Britain from the offshore tax ... (full story)

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Goat
Feb 18, 2020 2:52am
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Quoting cryptocow
{quote} I'm curious how he is planning on pulling this off.
Could be planning to use his billions to sue miners or something petty like that. Sounds ludicrous, but he has the resources, smarts, and balls to do something crazy like that.

In the end I don't think he could actually shut BTC down, but he could certainly do some damage. All he really needs to do is scare/annoy miners enough to make the economics of other coins more attractive.

I guess BSV is becoming a hedge on BTC.
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cryptocow
Feb 17, 2020 9:37pm
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Quote
If you negotiate with me, arrangements can be made allowing the continuance of selected copies of my network, with a set of restrictions,” said Wright in his blog post. “In other words, I am willing to license the Bitcoin database.

I'm curious how he is planning on pulling this off.
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Not-KPMG
Feb 18, 2020 5:18am
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What a sh!thead liar!
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cryptocow
Feb 18, 2020 8:25pm
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Quoting Goat
{quote} Could be planning to use his billions to sue miners or something petty like that.
Or maybe sue those that accept bitcoin?
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photoshop
Feb 18, 2020 1:18am
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Bitcoin won't last, it is a sort of niche currency with no relevance for the future. Privatised currency cannot replace a sovereign issue.
It has dropped almost 10% in a week.
Who would want this?
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Trader#4B90
Feb 18, 2020 3:25am
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If the story headline is true... then this Man is an Idiot
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