Does the Bitcoin SV Genesis upgrade support the narrative that Craig Wright is Satoshi?
Contentious Bitcoin Cash hard fork Bitcoin SV (BSV) has surged over 25% percent in the past 24 hours. The cryptocurrencyâ€™s significant price increase has led to a parabolic rally which may result in all-time highs for BSV.
However, many crypto community members believe that Bitcoin SV might be an â€œexit scam,â€� which may serve as a get rich quick scheme for its creators. Twitter user @thomcanterbury said:
â€œBSV genesis upgrade is a trojan horse for being able to move satoshi coins on that chain (they wonâ€™t and canâ€™t move on Bitcoin (BTC) chain) in order to continue the narrative that CSW is satoshi. This is all being coordinated alongside the court case. Truly spectacular.â€�
Previous sanction ordering Wright to give up Bitcoin holdings will not stand
A US District Judge recently ruled that a previous sanction instructing Craig WrightÂ the self-proclaimed Bitcoin inventor, to surrender half of his BTC holdings to Dave Kleimanâ€™s estate will not stand.
US Magistrate Judge Bruce Reinhart had announced the sanction ruling in August 2019 in the long-running court battle concerning 1.1 million BTC, which were allegedly mined by Wright and Kleiman during Bitcoinâ€™s early days.
Court documents submitted to the US District Court in Florida on Jan. 10 confirmed that Judge Beth Bloom determined that Reinhartâ€™s previous sanction order was improper.
Last year, Reinhart had ruled that Wright had perjured himself by intentionally submitting fake documents. The judge had asked Wright to give up more than 50 percent of the alleged 1.1 million Bitcoin in his possession.
The court canâ€™t determine how much BTC Wright owns
But the recent ruling indicates that the sanction was improper, as certain facts such as Wright being an equal partner with Kleiman are not necessarily related to the discovery issue, which is a list of Wrightâ€™s alleged BTC holdings. If the court does acknowledge and accept the presented facts, the discovery abuse would still be â€œuncured,â€� because the court is unable to determine how much Bitcoin Wright actually owns.
Judge Bloom says that Wright did not make a good faith effort to follow the discovery orders and must pay the Kleiman estateâ€™s legal fees. In November 2019, the Kleiman estate had submitted a motion demanding that legal expenses of $658,000 be covered. Wrightâ€™s attorneys responded by asking the courts to deny the request because they claimed that the attorney fees were â€œunreasonable.â€�
The judge has now given Wright until February 3 to notify the court if a â€œmysterious bonded courierâ€� appears with the final key slice so he can gain access to his alleged BTC holdings.
The judge has also questioned Wrightâ€™s claim that the courier will be delivering the slice this month.
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