UK Judge Dismisses Craig Wright’s Libel Lawsuit Against Roger Ver

In May, Craig Wright, an Australian computer scientist who claims he is Satoshi Nakamoto – the creator of Bitcoin – sued the owner of Bitcoin.com for …

A UK judge has dismissed Craig Wright’s libel suit against Roger Ver due to lack of jurisdiction.

In May, Craig Wright, an Australian computer scientist who claims he is Satoshi Nakamoto – the creator of Bitcoin – sued the owner of Bitcoin.com for calling him a fraud and a liar in a YouTube video.

Libel Suit Pertained to One YouTube Video and Two Tweets

Specifically, the claim references a video posted by Roger Ver “to a YouTube account held by bitcoin.com on or around 15 April 2019,”  a “tweet containing the YouTube video which was posted on the Defendant’s Twitter account on 3 May 2019,” and a “reply to the Twitter Posting which was also posted on Twitter on 3 May 2019 by a third party.”

The judge presiding over the case, the Honourable Mr Justice Nicklin of the Queen’s Bench Division, stated:

For the purposes of the present application I need not set out the contents of the videos about which the Claimant complains. It suffices that I set out the defamatory innuendo meaning that the Claimant says these publications bear: “The Claimant had fraudulently claimed to be Satoshi Nakamoto, that is to say the person, or one of the group of people, who developed bitcoin.

Due to Roger Ver not being domiciled in the United Kingdom, the judge asserted that his court would only have jurisdiction over the claim should be Wright be able to show that England and Wales is the most appropriate place to bring the action. In order to ascertain such, the court was required to “consider all the jurisdictions where the defamatory statement has been published.”

The court also raised concerns pertaining to “libel tourism” – as Ver was served the legal notice whilst visiting the United Kingdom (UK) on a short trip. Judge Nicklin highlighted that the “Service of the Claim Form on the Defendant whilst he was within the jurisdiction is important; it meant that the Claimant did not require the Court’s permission to serve the proceedings.“

Judge Rejects Claim Based on Lack of Jurisdiction

In examining the purportedly libellous media, the court found that 23.2% of the YouTube video’s viewers were based in the United States, compared to just 5.3% of UK-based viewers. Additionally, 35.5% of subscribers following the Bitcoin.com channel that hosted the video are based in the US, compared to 7.7% of UK-based subscribers. Similarly, 29% of subscribers following the Twitter account in question were US-based, compares to just 7% of followers hailing from the UK.

As such, Judge Nicklin found that “The evidence clearly demonstrates that the most substantial publication of the statements complained of is in the U.S. It is common ground that, of the global publication, only some 7% took place in England and Wales.” He concluded:

The Claimant has not satisfied me that England and Wales is clearly the most appropriate place to bring his action for defamation over the publications complained of. In consequence, the Court has no jurisdiction to hear and determine the action. The action will be struck out.

In other Craig Wright legal news, the counsel representing the Kleiman family in their $10 billion lawsuit against Wright has sought to question Ramona Watts – Craig Wright’s wife, Andrew O’Hagan – the author of the book The Satoshi Affair, and Rober MacGregor – a business associate of Wright’s.

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Why bitcoin needs a new symbol

The crypto community is facing a conundrum: Bitcoin has become too expensive. The original cryptocurrency, released in 2009 by Satoshi Nakamoto, …

The crypto community is facing a conundrum: Bitcoin has become too expensive.

The original cryptocurrency, released in 2009 by Satoshi Nakamoto, trades for $10,000 apiece. For mom and pop investors, that number seems far too rich, in part because many retail buyers don’t realize they can buy a fraction of a bitcoin.

But the larger problem is that bitcoin’s price is practically prohibitive because people don’t want to deal with decimals. Right now, if you want to buy a $10 pastrami sandwich for lunch, that would cost 0.001 bitcoins. The moment bitcoin deviates from $10,000 the deli special may cost 0.00094339 BTC. (Not exactly a round number.) And it doesn’t help the few retailers willing to accept bitcoin that the price fluctuates constantly.

While bitcoin’s volatility is a deterrent to its usage, there’s no reason the currency’s denomination should also stand in the way. Addressing the aversion to decimals is solvable, and if the mental obstacle is removed, it could encourage people to use bitcoin in their day to day lives.

Rather than trade in fractions of bitcoin, people could use a different unit, like the Satoshi. Named for bitcoin’s creator, the Satoshi is the smallest unit of bitcoin, equivalent to 0.00000001 BTC. (There are eight decimal places.) At current prices, that makes one Satoshi equal to one-hundredth of a penny.

Of course, that still seems a little impractical. A $10 pastrami sandwich would cost 100,000 Satoshis. For a currency, that’s not ideal, but it’s probably easier to intuit than 0.001 BTC. Like the US dollar, bitcoin has other denominations, too.

1 Satoshi = 0.00000001 BTC
10 Satoshi = 0.00000010 BTC
100 Satoshi = 0.00000100 BTC = 1 μBTC (you-bit)
1,000 Satoshi = 0.00001000 BTC
10,000 Satoshi = 0.00010000 BTC
100,000 Satoshi = 0.00100000 BTC = 1 mBTC (em-bit)
1,000,000 Satoshi = 0.01000000 BTC = 1 cBTC (bitcent)
10,000,000 Satoshi = 0.10000000 BTC
100,000,000 Satoshi = 1.00000000 BTC

Credit: BTCSatoshi.com

Even if the Satoshi become bitcoin’s effective unit, it faces another hurdle: there’s no symbol for Satoshis.

It took years for bitcoin to receive recognition, but its symbol—a “B” intersected by two vertical lines—finally made it into Unicode, a computing industry standard of characters, in June 2017, thanks to the years-long effort of Ken Shirriff, a software engineer who seems to savor feats of incredible patience. (More recently, Shirriff mined bitcoin using an Apollo Guidance computer, a device so ancient it was used during NASA’s moon landing.)

However, Shirriff appeared hesitant when he heard of a new movement to establish a symbol for Satoshis.

“While it’s fun to invent a new character for the satoshi, it would be mostly unusable and cause problems,” he tweeted Monday (July 29). “I strongly recommend using a symbol that’s already in Unicode.”

Despite Shirriff’s reservations, the effort to crowdsource a Satoshi symbol has caught fire, with dozens of crypto enthusiasts suggesting designs. Some are more feasible than others, but there’s no shortage of creativity.

🔑🔑🔑

BITS AND PIECES
  • The IRS advises crypto owners to pay back taxes, file amended returns (irs.gov)
  • Mined the Gap: Bitcoin’s energy usage has been overstated (International Energy Agency)
  • The Invention of Money (The New Yorker)
  • We’ve had private currencies like Libra before. It was chaos. (MIT Tech Review)
  • Bakkt is eyeing a launch in Q3, but part of its plan is risky, sources say (The Block)

Please send news, tips, and Satoshi symbols to privatekey@qz.com. Today’s Private Key was written by Matthew De Silva, and edited by Oliver Staley. If you can’t explain it simply, you don’t understand it well enough.

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Here’s Why Craig Wright Thinks You Don’t Believe That He Is Satoshi Nakamoto

We’ve all heard of Craig Wright. Over the course of 2019, Wright has been in the news quite a lot in regards to his lawsuit between him and the late …

We’ve all heard of Craig Wright. Over the course of 2019, Wright has been in the news quite a lot in regards to his lawsuit between him and the late Dave Kleiman who allegedly worked on Bitcoin in 2008/09.

Wright has often made the claim that he is, in fact, the face behind the pseudonymous Satoshi Nakamoto but the thing is, no one believes him. Wright thinks he knows why too.

Actions Maketh the Man

Wright is a big believer in on-chain scaling as he has proposed a more extreme version than most, with 2GB blocks already live on what is mostly an empty vacant network.

Bitcoin Cash isn’t necessarily opposed to larger blocks, nor are they opposed to looking at other scaling solution when the time comes. Both projects generally view the reluctance of Bitcoin to simply raise their blocksize as a failure of tech and governance.

Wright is a believer that the majority of those take a disliking to him, have an issue with what he views as his legitimate claim to be Nakamoto himself.

Wright has laid out the following in a blog post that he posted in June.

“In one specific case, it comes down to arguments about the people. Bitcoin is technology. You know the other side of the argument is failing when it has moved to attacking a person rather than the argument itself. It is a common tactic in the world of social media. Proof of social media is not about truth but rather about a deception that can change and mutate over time. It is one of the aspects of Bitcoin that have been developed that allows for a system of truth. If you view my videos and presentations from 2014, you will see that I have the same outlook and concept of Bitcoin. […]”

“The attack comes down to the individual. You end with diatribes of YouTube videos, gut feelings, and the general ranting of social justice warriors. In many ways, it is designed to take you away from the issue at hand. The fallacy can be used in creating a red herring. The genetic fallacy is commonly presented in a continued argument as a matter of creating misdirection. It allows the arguer to slip in a red herring (ignoratio elenchi) in a relevant conclusion or relevant thesis, for example. They avoid refuting the point being argued, and cloud the issue.”

The abrasive personality of Wright is probably what puts people off wanting to believe that he is Nakamoto.

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Craig Wright’s Wife Now Involved Into $10b Bitcoin Lawsuit

Self-proclaimed Satoshi Nakamoto, Craig Wright has been facing a lawsuit for $10 billion over the course of 2019 and it seems to be making noise …

Self-proclaimed Satoshi Nakamoto, Craig Wright has been facing a lawsuit for $10 billion over the course of 2019 and it seems to be making noise once again but with a new twist…

Earlier this week on July 24th the Florida judge Bruce; Reinhart filed a request for international assistance with the Queen’s Beach Division in London.

The Florida court is after permission to question Wright’s wife and a couple of his business associates, all of whom are residents of that British jurisdiction.

This motion was filed by Ira Kleiman, on behalf of the now late computer programmer, Dave Kleiman.

Ira had filed a $10 billion lawsuit against Wright back in 2018, whilst claiming that Wright stole 1.1 Bitcoin from Dave before he passed away in 2013.

The Kleiman estate wants at least 300,000 Bitcoins as well as their forked assets, however, Wright has denied any involvement with the stolen BTC and has repeatedly claimed that he is the sole investor of Bitcoin.

In the latest court filing, the estate says it wants to question these three individuals including Wright’s wife, Ramona Watts as well as the author, Andrew O’Hagan and Wright’s business associate Robert MacGregor.

O’Hagan was provided with “extensive access” to Wright and his associates whilst he wrote his book, The Satoshi Affair in 2016, according to the Klieman estate. In this book, that’s where Wright made the claim of being the anonymous Satoshi Nakamoto.

“During this 6-month process, O’Hagan recorded “many hours of tape” of his “many dozens of hours of conversations with Wright.”

The Kleiman estate goes onto say that in regards to Ramona Watts, her testimony is relevant to the case as she is Wright’s wife and was “identified in his initial disclosures as an individual with knowledge of the facts underlying Plaintiffs’ claims.”

On top of this, the estate says that watts and Wright were both involved in his firms since 2011, which is before they were even married, and that Wright had discussed his business dealings in regards to Dave, with her.

Wright is set to appear in court in a few weeks on August 7th. It will be interesting to see how it plays out then.

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Craig Wright’s Wife to be Questioned in $10 Billion Kleiman Lawsuit

The Florida court hearing the $10 billion lawsuit against Wright – who claims to be bitcoin inventor Satoshi Nakamoto – made the request to the UK …

New legal filings in the Kleiman vs Wright bitcoin trial have requested International Judicial Assistance with the Queen’s Bench Division in London to question Craig Wright’s wife and two other UK residents.

The Florida court hearing the $10 billion lawsuit against Wright – who claims to be bitcoin inventor Satoshi Nakamoto – made the request to the UK court on July 24 on behalf of Ira Kleiman, the brother of Wright’s deceased partner Dave Kleiman, who alleges Wright stole 1.1 million bitcoin from his brother.

The Kleiman estate is claiming at least 300,000 bitcoin along with any forked assets. Wright denies any wrongdoing, but failed in June to provide documents requested by the court showing his bitcoin holdings prior to December 31, 2013. Wright claims that he and Dave Kleiman had co-operated in mutual trust.

Three Witnesses Requested

In the latest filing to the court, the counsel for the Kleiman estate said they wanted to question three individuals:

  • Ramona Watts – the wife of Craig Wright
  • Andrew O’Hagan – author of the book The Satoshi Affair
  • Robert MacGregor – a business associate of Craig Wright

Ramona Watts

The estate’s lawyers said Ramona Watts’ was relevant to their case because she was the defendant’s wife and was identified in his initial disclosures as “an individual with knowledge of the facts underlying the plaintiffs’ [Kleiman estate] claims”.

The document continues:

Ms Watts worked with the defendant and has been involved in his companies since 2011, [and] before they were married he discussed Kleiman with her, she learned he created bitcoin, gave her detailed accounts of what he’d done to create bitcoin and ‘talked to [Ms Watts] about everything, including my past before we got married’.

Andrew O’Hagan

O’Hagan was noted as a witness of interest because he recounted in his book a detailed story involving “Wright, his claim to created bicoin, and his relationship with Kleiman”.

The document adds that during the six-month process of interviewing Wright for his book, he:

Recorded ‘many hours of tape’ of his ‘many dozens of hours of conversations with Wright’ where they discudded information relevant to the lawsuit.

Robert MacGregor

Finally, Robert MacGregor’s was named in the document as Wright’s business associate. It asserts:

Mr MacGregor was privy to details surrounding bitcoin’s creation, the alleged Satoshi Nakamoto partnership, and the trusts at the heart of the dispute in this case.

Tulip Trusts

Indeed, at the heart of the case are the so-called Tulip Trusts, two funds that were the destination of the bulk of bitcoins stockpiled by Wright and Dave Kleiman between 2009 and 2013.

Seven trustees, of which Wright and Kleiman were two, each held encrypted keys, and according to a document that emerged in December 2015, the Tulip Trusts were “managed by at least three people but not more than seven at any time”.

Wright has said that he doesn’t have access to all the requisite keys to access the funds, but that the entire 1.1 million bitcoins – valued at more than $10 billion at current prices – “will be returned” to him on January 1, 2020.

Wright’s next appearance in the Florida court is on August 7.

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