Hacker News Reader

Comment by astoor | Hacker News Reader

Just to clarify, the article is about the court case where he wants some transactions on the Bitcoin SV blockchain reversed. The question relating to whether he is Satoshi, and therefore owns Satoshi's 1.1M Bitcoins on the Bitcoin Core blockchain, is a separate court case.

View on HN

He does not want transactions reverted, he wants Bitcoin Core to change the rules of who can spend coins to allow him to make new transactions that are currently not allowed. He is implementing this in his own Bitcoin fork, Bitcoin SV, to demonstrate that it can be done.

A more realistic goal is probably to get the court's blessing to authorize nchain, who maintain the only BSV client (therefore the entire blockchain) , to send Satoshi's BSV coins to Craig.

This seems much easier to achieve and allows him to steal coins from all BSV holders without taking from any one BSV holder in particular. Coins previously thought lost would be reintroduced, effectively inflating the coin's supply.

That's a quick and easy ~ $83M based on today's BSV price and a conservative estimate of the number of coins held by satoshi.

He wouldn't even need the court's blessing for it though, as they already control the hash power and the reference client (which is no longer under an open license).

A court effectively ruling that he was Satoshi and a fork made to award him coins was the "original" Bitcoin and possibly even ruling other forks violate his "IP" would make it much easier for him to dump those coins on speculators though. (I don't think the court will grant him any of those things, but it's not too difficult to imagine him hoping the court can provide him with more than just some coins on a PoC fork nobody uses)

Sure, it will give him some extra propaganda ammo. And with the state of the crypto scene... As you say it will probably help him dump it.

Reply on news.ycombinator.com