This is a republishing from George Siosi Samuelsā Medium post, āCraig Wright, Satoshi Nakamoto & Why People Ridicule The Greats In Their Lifetimes.ā Read the full pieceĀ here.
A look into theĀ Kleiman v WrightĀ trial and what this may mean for the legacy of Bitcoinās creator, Satoshi Nakamoto.
Thereās a major trial happening in courts right now that most people arenāt even aware ofābut may have huge ramifications.
Itās between Dr. Craig S. Wright and the estate of David Kleiman (a friend of Craigās who died tragically many years ago). His estranged brother, Ira Kleiman, is now trying to claim half of what he thinks the Kleiman āestateā deserves.
The interesting thing about this trial is that it involves one of the largest potential settlements in U.S. court historyāto the tune of $68 billion+ (maybe more).
Why so muchā$68 billion? How?
It is assumed that Craig is one-half of the āteamā behindĀ Satoshi Nakamoto, the creator of the real Bitcoin. And that David was the other. His combined fortune comes from BTC, BCH, and potentially BSV holdings.
The reason this all matters is because by Craig sharing evidence with the courts about his involvement in the creation of Bitcoināeven if that includes some contributions from David Kleimanāitās enough to set a legal precedent on various other aspects of the entire Bitcoin ecosystem.
Coinbase itself revealed that the biggest threat to its business model is the reveal of whoās behind Satoshi Nakamotoāeven if that information was hidden in plain sight the whole time. Itās just whether or not people choose toĀ believeĀ it.
Craig has been mocked and ridiculed ever since coming out onto the public stage around 2015. Some could argue this was his own doing, but once you learn more of the details, youāll discover why it all ended up the way it did.
But you know who else has been laughed at or ridiculed by āexpertsā or āauthoritiesā during their lifetimes? Jesus, Joan of Arc, Galileo, Charles Darwin, Nikola Tesla, Alan Turing, and more.
It wasnāt until much later did these people get the recognition they deserved.
Mastercard & commandeering a brand
Right now, everyone supporting Bitcoin (BTC) has no idea that most of the companies that have commandeered the brand are owned mostly by Mastercard (look up āDigital Currency Groupā).
This is why the push for ādigital goldā, while users experience high transaction fees and congestion. BTCās ālack of innovationā is what spurred all other digital currencies and blockchains to emerge. BTC is no longer an everymanās game. Itās a rich manās one.
By taking the Bitcoin brand but crippling the actual system, BTC has placed self-imposed limits to implement other systems to take profits without you knowing. Much like putting in a toll or redirecting water through a dam. Itās all out in the open. Itās just that no one understands any of it, which makes it easier to continue on with it.
Bitcoin was meant to be more than just digital gold. Micropayments is the real killer feature, but this canāt run if it costs you $20-$200 to send $5 (a scaling problem even Ethereum is currently experiencing).
Micropayments, Layer 2 solutions & Ayn Rand
Under the current āleadersā of the BTC space, you will never see a system of micropayments manifest on-chain in the way it was designed. There will be a push for āLayer 2ā solutions, etc. But this is why Craig is going through the courts to (hopefully) steer his legacy back on the right path. Because if he is the creator, he has every right to.
A rather interesting video to watch is from the film adaptation of the novelĀ FountainheadĀ by Ayn Rand. It might give you some insight into what Craig is experiencing in real life:
I strongly believe that Craig is someone to watch, even if his personality ruffles a few feathers. Heās not great with people (thanks to his Aspergers and Metal Dog Chinese zodiac), which is why the Satoshi monicker and mythology became bigger than he ever could alone. Still, his creation is (and will) benefit many for generations to come. His life story is stranger than fiction but, then again, sometimes the truth is like that.
Read the full piece onĀ George Siosi Samuelsā Medium.
Check out all of the CoinGeek special reports on theĀ Kleiman v Wright YouTube playlist.
This article was lightly edited for clarity purposes.
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