Topic: Craig Wright's lawsuit against Kraken (Read 534 times)

Coinbase, DCG and Kraken can't be the only targets. He's going to chase other exchanges. He won't have money to pay his debts for losing the cases or pay damages.

kraken is part of the DCG so knowing DCG has lots of exchanges. ofcourse they are paying into the COPA which is then funding the kraken case

As I posted, I also don't think they are going to be doing this alone, I can see other exchanges, even ones that would benefit from Kraken going away helping out in terms of expert witnesses, lawyer costs and so on.

Not quite 'the enemy of my enemy is my friend' but close enough that it make it worth their time and effort and money to help Kraken. This way they don't have to be the one dealing with him and his BS.

You can help in the background and still be in competition with someone.

-Dave

The end of the CSW - Calvin Ayre partnership is near?


Kraken has enough competence to ensure that its lawyers educate the court about crypto. I mean they are a crypto exchange after all, so they should absolutely know the fundamentals of crypto.

Calvin Ayre doesn't seem to be involved in this one, not even in the backstage, does he? Without him, CSW is just a scarecrow or paper tiger.

I think that @hodlonaut and his two lawyers (if I'm not mistaken) have done a far more intelligent job than Kraken or Coinbase are willing to do - or rather they are not capable of doing it in the way that most of us here would expect. I honestly wouldn't be surprised if instead of a defense there was some kind of settlement, because each of those CEX exists only for profit and they have never supported Bitcoin in any case - not even in the case of @hodlonaut when he publicly called them out for support because we already knew that they were next in line.

Can't wait for the day when they cop on to all this nonsense, maybe when the house of cards
really starts to fall will they realise their errors in backing CSW's very thin claims centering around
being Satoshi. It's just a matter of time.


Yes but it's up to the Kraken team to make sure the "legal system" are educated. Look at
the Hodlonaut trial, his team did a great job of discrediting CSW's arguments.

He has succeeded in deceiving his followers to dump BTC for BSV and they did and he's now looking for billions of unfounded dollars to deceive his followers the more: No way. I parted ways with a community member when he kept defending BSV and Craig Write, we fought in the group, I was looking forward to fighting him in the open one/one, that is over now. This was because he was deceiving community members.

Craig is real funny guy and he is making a good joke out of him. His news are one of those hood coffee conversation starters which makes our coffee even bitter. Do you like it sir? One spoon CW or two spoon CW? Isn’t thats getting funnier everyday.

I don’t even know how lawsuits work in that country but after a few fake claims in my country such guys are taken seriously for background checks and then they are punished if they were wasting the time of court and deceiving them somehow.

He is stupidest human being with stupidest ideas every morning with stupidest fake claims.

CSW claims about the defence.. are not fraud. EG hodlonaut did say some insults..
but its frivolous because hodlonaut didnt start it all. hodlonaut didnt damage an already damaged rep. because you cant break an already broken plate.
you cant claim damages against a person that didnt cause the actual damage


what CSW claims about himself are fraud, you are right

CSW claims about kraken are that kraken use the terms bitcoin and BTC
which is correct.
whats frivolous about is is the real creator satoshi 12 years ago said that BTC was bitcoin and was open source with no owner or copyrighe owned by anyone

what CSW claims about himself are fraud, you are right

FTX popping was a mixture of FTX being willing to pop and FTX letting itself have obligations to people that weren't totally under its spell.

What Would Wright Work?  They could have just gone ultra gaslight: "sorry, for security withdraws will be disabled for the next 6 months while we re-secure our wallet".  That's what Wright would have done. Then in six month it would have been another excuse.


His cases aren't frivolous-- they're fraudulent. Big difference. Though unless you have the right kind of political pull good luck getting one prosecuted.
It's happened, however: https://en.wikipedia.org/wiki/Paul_Ceglia

This sounds like a balloon to me. And if FTX could pop just like that, I don't see how a black swan event can't take down CSW & his lawsuits. We don't know what kind of event that will be, only of its existence.

CSW in 2011 found a guy that wanted to make security software for government defense departments thy tried to broker a deal for R&D grants with the US. DOD. they got nothing and parted ways(no bitocin involvement

CSW(alone) got told about bitcoin in 2013 and bought his first coins(15 of them)

he later tried to re-establish communication with the partner of W&K(no bitcoin involvement) to try to sucker the australian tax office for R&D money for some idea of a bitcoin related venture, but found out he died he then tried to set up stuff alone and snare some dupes.

CSW in 2014 only had 45btc to his name which at the ATH peak was only $50k TOTAL (he first bought in at early 2013 with just 15btc to his name at only ~$3k total)

losses after the ATH correction put his businesses in trouble which started his main scammery in the cryptospace by seeking investors

he tried to bring back to life his old security software business partner just long enough to fraud sign some business papers making the W&K business CSW's. while trying to back date the fraud to before death dates to try to make it look real

he does not have big money in his pockets
for him his businesses lack real collateral and are just evaluated at huge numbers due to more scammery

his investors  have the money. they have billions. and paying just $2m on a court case to them is just a rounding error.

the promises he makes to them is that he will earn them ROI in many ways. including hopeful future movie deals where he thinks ticket sales would return hundreds of millions.

he gets paid to live and breathe his story. he gets paid to turn up to these things. for him he does not personally care win or lose, as it adds to "excitement" and more story to tell. more drama=more action

take the wolf of wallstreet. peal away dicaprio. and you are just left with a unethical guy that just done boiler room scams selling crap shares to people that lost. and got high
..
because bitcoin and crypto are not really regulated. destroying a coin whether its his crapcoin bsv or damaging another coin is of no consequence to him. people dont go to jail if a altcoin or popular coin is buggy or a bug is implemented into the latter.

frivolous court cases of civil claims are not a criminal act. its just a fine if caught. so more "price of doing business" which adds more drama to his biography

Simply because he is not done with his pretentious about being Satoshi, and he is doing his thing right now. However, this is nothing because he has no authority to do so. He is just trolling around for his blind followers. I don't know why they even publish such news, but that is just how mainstream media is doing; they want to give people some confusion regarding bitcoins, and they are willing to publish any negative news and manipulate it as much as they want. It's better to stop caring about what he is doing because it doesn't add anything good, especially with the current crypto market situation.

How can this guy could spend so much money and so much time ? Nothing else to do ?

this is why CSW case is not worded to mention patent upfront.. but becomes required proof later

im reading some of the requests and responses of the case and its already starting to question CSW's claims of ownership.invention.identity.
so it could get shut down quick if the right request is made by the defendant
https://drive.google.com/file/d/1b5dD73HzJdFKW8majoumKQvQ06gkQ5sN/view

moreover, I seem to remember that a patent application for the name bitcoin has already failed in spain. the judge dismissed the plaintiff's request.

Here comes another funny move from Mr. Craig Wrong...and time and time again he will be rebuffed by the legal system for just wasting its time with a baseless case like this. Good to know that this time the idiotic man decided to go against Kraken which can surely hire a good group of lawyers in response to his allegations and claims. I am sure that Kraken people are just laughing hearing this case and for sure they are taking it as just another free publicity. Will other exchanges also be included in the case...well this can be a big possibility so I am hoping he can add FTX to this misadventure.

its called patent trolling
its why he included the company WII in his claimant list (WII set up in 2018)
it holds all the CSW filed patents (all done after 2018 by the way)

where he will try to use those as his proof of invention

but you cant patent something that is in the public for 9 years after your patent filing..

though. to him that wont matter. its another worthless thing he will add to a case to keep a case rolling forward for longer while its disputed

BTC Bitcoin is still not a registered trademark .. no one can do any pressure on this common name ..

It’s like if this man try to prohibits Walmart to use the name of refrigerator to sell them

We have all to support Kraken

This is the time when some heavy weights should start backing a company like Kraken to hire the best lawyers they can get... and then to wipe the floor with him and all his false claims. Subpoena the best experts in the Crypto field to testify on behalf of Kraken and then stop him from doing anything else.

He is cherry picking soft targets and then gradually building a case against the bigger companies that are operating in the Crypto currency field. If he wins this one.... then he can use this outcome to go against other bigger companies. 

UK civil cases are heard by a judge. (I think always?).

Is a jury going to assess evidence? That's the worrying part of the lawsuit, judges can award damages incompetently.

Seems like he’s seeing some of his funding start to dry up and is now throwing Hail Mary lawsuits at people hoping to be able to get something. His claim is utterly ridiculous and I think it won’t go anywhere but you never know when it comes to the legal system. I’ve seen dumber things be allowed to progress as lawsuits. Hopefully this one is over quickly.

I don't really understand this man's actions. If Wright was the real Satoshi, why did he hide his identity in the beginning and then try in every way to prove that he is Satoshi? This behavior can only be explained as a liar.
If he was the "Satoshi" himself in the truth, why did he hide himself in the beginning and then go through all this trouble, courts and cases to prove the truth that he hid as he claims? This behavior leaves us with two possibilities: either he is a very stupid person (Satoshi certainly can't be stupid) or a liar looking for fame and money.

this is just proof that Craig Wright is only on a hot persuit on money. He has tried for several ways to get a share of Bitcoin wealth by adopting absurd attitudes.
Nowadays he is nothing but a joke who is making lawyers rich wheras himself is nothing but the joke of the crypto industry.

He's gonna wish that he didn't walk into this one. This is not some random tweeter he's suing. This is an exchange with billions of dollars of liquid assets (not some illiquid, hard to sell coin like BSV which most exchanges delisted) and who can easily obtain several millions of dollars in loans to shut his lawsuit down.

"Don't pick on someone your own size"

I think that Faketoshi and his team of lawyers don't have much sense for anything, not even for timing. It may seem to some that this is a good time for such a lawsuit to cause even more panic, but Faketoshi announced these lawsuits even before the trial in Norway started in which he sued (and lost) @hodlonaut. Then @hodlonaut publicly asked for help from both companies, but as far as I remember, there was no response.

---

Such powerful companies can lose a case like this only if two things coincide - and that is that they have incompetent lawyers or that the judge is bribed or a total idiot. Faketoshi simply cannot prove anything, except that he has piled up a bunch of fake evidence with which he can do something only in countries like Colombia where they recognized him as Satoshi.

He is just playing the legal system and by abusing the flaws in it he is trying to get his way. The simplest example of it is the case against Cobra, he simply didn't show up to court so CSW won the case against him easily! It still would have worked even if the judge were the most tech-expert on the planet.

P.S. Interesting timing about this new shenanigan. A cryptocurrency exchange (FTX) goes down causing bitcoin price drop, now The Scammer is going after a major bitcoin exchange...

Duh,
Have all cases with the same complaint moved to a single trial.
Also counter sue anyone dumb enough to file a false lawsuit for legal fees.

FYI:  https://fhnylaw.com/can-i-sue-em-for-my-legal-fees/


I suggest you might want to start your meds again.  

CSW is the bain of many lives and it seems as proven by moses that CSW is now making more newbies want to follow in CSW path
scammers recruiting scammers..

moses knows nothing of bitcoin, asks the most basic newbie questions but pretend he created it.. sometimes i thought it was just comedy lost in translation but it appears he seriously wants to be CSW2.0
or in his most recent view CSW's daddy

.. back to the topic..
CSW claims have no bases. and lots of the descriptors can easily be debunked in a couple days of "teaching" bitcoin the proper way. about forking and if BSV was the ticker of "bitcoin" 2010+ or BTC was the ticker of bitcoin according to the real satoshi (forum posts used as proof)

BSV was created in 2018 and wrights other company WII was not created in 2009+ but years later. thus the only development and commercial stuff the WII company was involved in was the support towards making BSV

by defining BCH as the 2017 airdrop(fork creating new free coins to sell)
thus also defining BSV as an airdrop(fork creating new free coins to sell)

he is admitting BSV is not "bitcoin"

The return of the half-wit. This guy is still at it even though he's lost a lot of money and time on lawsuits and other legal protest against other entities just because they use the word bitcoin. It's a shame that the legal system allows this person to continuously file lawsuits that are meaningless, but yeah, the court gains profits and I guess that's what matters the most.

Just another day in the office for bitcoin's biggest troll. Nothing to see here.

yep
CSW gets paid to turn up as claimant in court he enjoys turning up as a claimant in court. win or lose. he got paid to be there.

the losses are not losses to him the losses are between the lawyers and the backer investor, not CSW

his backer investors see that paying $xm is cheap. its cheaper then paying TV.media $xm for advertising if the court details get into press, its cheap advertising to them. so they happily buy into CSW schemes

he doesnt/they dont care about how long the case draws out
he doesnt care if it loses. he already bagged his backers investment on day one.

its the same as the conference speaker tours

he doesnt care about the speach or the material of topics to speak about he already got paid to just turn up. so as long as he can keep adding event fates into his schedule he gets paid. no matter what the event is.

the backer might not see instant ROI on the investment when cases lose in court, but they hope the advertisement nets them more users on the BSV network to syphon ROI from. though they probably do wish they could one time actually get a win worthy of more then a lollypop($1) amount, because their advert hopes are not causing a mass user adoption to syphon from either




part of my opinion about why his claims smell rancid and have soo many inconsistencies and lies and obvious flaws in them is, that i believe he puts errors into claims and easily debunks crap. to make the defendant prolong the case having to re-debunk each and every error. thus letting CSW get paid the longer the case flows on

Wright has a couple of wealthy people who are funding him.  Their understanding of Bitcoin is extremely limited and mostly comes via Wright.  They believe these lawsuits have a chance of success, they're paying wright millions of UKP a year and covering his costs because they hope to get a windfall at the end.

So Wright just needs to keep the show going and he'll get paid as long as he does.

Don't underestimate the power of conmen.

I might be a bit thick here, but.....Kraken is not small it's not like going after 1 person who either had to choose to remain anonymous OR had to have a massive fundraising campaign to help out.
This is not a business that is going to roll over and take it. Not to mention they will probably get both legal and financial support from other exchanges.

Eliminating everything else, the tech, the BS, everything. Am I missing something in why he picked this fight?

-Dave

This guy really has no shame, he really is a lowlife. I’m unsure what he’s actually trying to achieve here because he’s never going to win any type of court case like this. The only time he had any success (hollow) was because Cobra wouldn’t remove his anonymity to defend himself so that was won by default.

No judge is going to award him a court victory against Kraken. I don’t know what he’s trying to achieve, it doesn’t make any sense.

And it definitely should not be that way, considering cryptographic signatures have legal significance in countries like the United States of America, Canada, Mexico and even within the European Union.

This guy and his lawyers have reached a point of blatant attention seeking at this point while looking to deceive anyone with his nonsense.

He's just so atrocious that I'm convinced that CSW, Ayre, and friends are just betting that the judges are idiots(if I were to guess, most are tech-illiterate).

the real sotisho created bitcon and used the term BTC

it did begin in 2009
but CSW main claim is that thet kraken is using another network called bitcoin but its not "the bitcoin"


everything in the quote is true. the bitcoin network(btc) was invented then. and is used now..

CSW's BSV network was invented 2018
it was a fork of a fork
BSV is not the main inheritor of "bitcoin"

and isnt really used at all by any substantially known exchanges

its like royalty lineage
the straight line of descendant is the winner. first child wins
the offspring that come later are not first inline to the thrown

                     / anne                      /harry
k.george - Q. elizabeth - .K charles- william
                                      \ andrew
      
btc - btc - btc
      \ bch - bch (minority economic(exchange) acceptance)
               \ bsv (minority pf minority economic(exchange) acceptance)

thus BSV is not in the lineage inheritance of "bitcoin"

Wright hasn't proved he's Satoshi. He'll never be able to do it because he isn't Satoshi so what's he after by going after Kraken?

Attention seeking behaviour at its finest from CSW. Using a sensational amount in the suit might just be a way to show that there still might be profit at the end of his sham campaign and attract investments.

When does it all end?

One of those rare occassions where you side with the CEX or the company behind it to win hehe.

first CSW has to establish which network CSW defines as "bitcoin"

because even this forums posts in 2010 show the actual satoshi described bitcoin as the network of the BTC coin. and BSV was not even an invention of satoshi nor existent until 2018

however CSW if he wants to define BSV as bitcoin. though it only existed as of 2018.. then all lawsuits bout trying to get "bitcoin" to have coin robbery code added. are only lawsuits wanting BSV to have such code.

if he wants to define btc as bitcoin then that makes BSV not bitcoin.

he cant have it both ways

..
now lets look at the "WRIGHT INTERNATIONAL INVESTMENTS LIMITED"
created 2016.. ok not 2008-10 although legal documents in tweet says that WII "has traded at all material times in the commercial and technical development of Bitcoin."

development of WHICH? bitcoin?. is CSW referring to.. i can see this as a first paragraph failing of CSW

next error (ignoring the obvious falsities (reality is CSW not being the creator))
"based on what the paper described as “a chain of digital signatures”. Such chains are now generally referred to as “blockchains”.
bitcoins blockchain is PoW using hashes. its not a chain of digital signatures. as that is PoS.
seems he cant tell the difference between PoW vs PoS

signature chains. are not a think. because signatures are not chained in bitcoin.
transaction UTXO's are, which are something else but the term of the chain of OTXO is called "taint"

next error
pretending he owns bitcoin.org
CSW should have stayed with pretending to own bitcoin.com and bribed
R.Ver to sell it to him years ago

next error
bitcoin was not described in the white paper as:
"Bitcoin can be bought, sold and transferred through digital exchanges."
because there were no such things in 2008
the white paper was actually about coin rewards from PoW mining and the transfer peer to peer

next error
CSw description of successful minded block and coin reward
"In respect of nodes which are successful in their
mining efforts a distribution is made comprising a quantity of Bitcoin together with
the transaction fees relating to the transactions recorded in the new block."
a 'distribution is made'.. um distribution. excuse me but what english is this..? i guess he meant a contribution.. but had bad autocorrect..

next error
CSw says he set up businesses to control the commerce of bitcoin and development. then he uses other things like handing development over to independent devs in 201. and that other independents set up businesses. yet wants to say WII was in control of bitcoin commerce and development!!

again which direction is this guy trying to walk along.. he is saying two things at once and getting the lines crossed

next error
again he says "During the period of 2009 – 2016, Dr Wright set up, owned and controlled various trading
entities, including WII, to develop his ideas for blockchain technology."
yet WII was not around in 2009-2015

next error
describing forks as "air drops"
CSW has no clue about crypto systems or terminology.. it pains my eyes just reading his errors of crypto history and terminology

next error
was where segwit activation "requires
information relating to the digital signature to be stored on side networks or “off chains”,

seriously. he really has no clue..
even though i did not like the procedure used to activate segwit. CSW is by far going complete idiot by not understanding what the activation triggered or the layout of data thereafter.
..
here is the kicker.
he admits the bitcoin using the BTC ticker is the one that has segwit.. and the core dev team maintaining it...

so he admits that the btc network is the network of the real satoshi who also used the term btc..

..
next error
he confuses which network he defines as the "airdrop"
he ends up calling the BCH as the airdrop. which means that its a new network giving away free coins..

and then admits that BSV is another airdrop that was created that gave away free coins..
so thus he is admitting that BSV is not the original network but a fork of a fork. or to use his words an airdrop of an air drop

thus.. his BSV is not bitcoin

..

point 32 quoting for emphasis

hmm BCH was created august 2017.. BSV was created november 2018

seems he doesnt even know when his own network begun or which network to speak of


ok im getting a headache im stop reading at point 32. and ill come back later to add to my post about al the crap thats just stupid about that filing document

https://twitter.com/itswillmack/status/1594667376020267010

He's demanding they stop using the word Bitcoin to refer to Bitcoin and that they pay him billions of dollars in damages. (The particulars of claim is the interesting document)