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Showing posts with the label satoshi

London High Court hears allegations of Craig Wright’s forgeries

In a crowded and overheated courtroom on Monday, Crypto Open Patent Alliance (COPA) presented evidence that Craig Wright is pretending to be Bitcoin’s creator, Satoshi Nakamoto. The London High Court case stars Wright in the role of defendant for a change. COPA members Coinbase, MicroStrategy, and more are suing to stop Wright’s litigious spree against Bitcoin developers. Led by a grant from Jack Dorsey, COPA alleges that Wright not only failed to produce conclusive evidence of his identity, but also made errors in his alleged forgeries . Wright will appear in court throughout the week to make his most public conviction that he is, in fact, Satoshi . I’m sitting in Courtroom 30 in the the Rolls Building in London in the row behind Craig Wright during the COPA trial the most important Financial trial this century. At stake the freedom of software developers to innovate – which you know I wil always fight for. The… pic.twitter.com/GNWJEoafvJ — Wasim Ahmad (@wasima)...

Are Bitcoin companies sifting customers’ deposits for rare satoshis?

Ever since Casey Rodarmor unveiled software to order, number, and inscribe data onto Bitcoin ’s blockchain earlier this year, speculators have bid up the price of rare satoshis to breathtaking heights. Rodarmor’s so-called Ordinals inscribing project and its associated ORD Bitcoin node and wallet software ascribe unique characteristics to bitcoin’s smallest denominations. Believe it or not, there are standing bids to purchase an individual satoshi — 1/100 millionth of one bitcoin — for multiple bitcoins. One of the earliest, and arguably the most expensive, satoshis is the dickbutt — the first inscription that unveiled Rodarmor’s Ordinals project. Its inscriber once offered it for sale for over 50 bitcoin (more than $2 million at today’s price). Like collectible coins, certain satoshis have numismatic value. For example, satoshis mined on Satoshi Nakamoto’s computers are valuable. Similarly, satoshis from the first year of Bitcoin also have collectibl...