{"id":146216,"date":"2021-11-30T16:27:42","date_gmt":"2021-11-30T16:27:42","guid":{"rendered":"https:\/\/precoinnews.com\/?p=146216"},"modified":"2021-11-30T16:27:42","modified_gmt":"2021-11-30T16:27:42","slug":"craig-wright-satoshi-nakamoto-and-why-people-ridicule-the-greats-in-their-lifetimes","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/craig-wright-satoshi-nakamoto-and-why-people-ridicule-the-greats-in-their-lifetimes\/","title":{"rendered":"Craig Wright, Satoshi Nakamoto and why people ridicule the greats in their lifetimes"},"content":{"rendered":"

This is a republishing from George Siosi Samuels\u2019 Medium post, <\/em>\u201cCraig Wright, Satoshi Nakamoto & Why People Ridicule The Greats In Their Lifetimes.\u201d Read the full piece\u00a0<\/em>here<\/em>.<\/em><\/p>\n

A look into the\u00a0Kleiman v Wright\u00a0trial and what this may mean for the legacy of Bitcoin\u2019s creator, Satoshi Nakamoto.<\/p>\n

There\u2019s a major trial happening in courts right now that most people aren\u2019t even aware of\u2014but may have huge ramifications.<\/p>\n

It\u2019s between Dr. Craig S. Wright and the estate of David Kleiman (a friend of Craig\u2019s who died tragically many years ago). His estranged brother, Ira Kleiman, is now trying to claim half of what he thinks the Kleiman \u2018estate\u2019 deserves.<\/p>\n

The interesting thing about this trial is that it involves one of the largest potential settlements in U.S. court history\u2014to the tune of $68 billion+ (maybe more).<\/p>\n

Why so much\u2014$68 billion? How?<\/strong><\/p>\n

It is assumed that Craig is one-half of the \u201cteam\u201d behind\u00a0Satoshi Nakamoto, the creator of the real Bitcoin. And that David was the other. His combined fortune comes from BTC, BCH, and potentially BSV holdings.<\/p>\n

The reason this all matters is because by Craig sharing evidence with the courts about his involvement in the creation of Bitcoin\u2014even if that includes some contributions from David Kleiman\u2014it\u2019s enough to set a legal precedent on various other aspects of the entire Bitcoin ecosystem.<\/p>\n

Coinbase itself revealed that the biggest threat to its business model is the reveal of who\u2019s behind Satoshi Nakamoto\u2014even if that information was hidden in plain sight the whole time. It\u2019s just whether or not people choose to\u00a0believe<\/em>\u00a0it.<\/p>\n

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, you\u2019ll discover why it all ended up the way it did.<\/p>\n

But you know who else has been laughed at or ridiculed by \u201cexperts\u201d or \u201cauthorities\u201d during their lifetimes? Jesus, Joan of Arc, Galileo, Charles Darwin, Nikola Tesla, Alan Turing, and more.<\/p>\n

It wasn\u2019t until much later did these people get the recognition they deserved.<\/p>\n

Mastercard & commandeering a brand<\/strong><\/p>\n

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 \u201cDigital Currency Group\u201d).<\/p>\n


\n<\/p>\n

This is why the push for \u201cdigital gold\u201d, while users experience high transaction fees and congestion. BTC\u2019s \u201clack of innovation\u201d is what spurred all other digital currencies and blockchains to emerge. BTC is no longer an everyman\u2019s game. It\u2019s a rich man\u2019s one.<\/p>\n

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. It\u2019s all out in the open. It\u2019s just that no one understands any of it, which makes it easier to continue on with it.<\/p>\n

Bitcoin was meant to be more than just digital gold. Micropayments is the real killer feature, but this can\u2019t run if it costs you $20-$200 to send $5 (a scaling problem even Ethereum is currently experiencing).<\/p>\n

Micropayments, <\/strong>Layer 2 solutions & Ayn Rand<\/strong><\/p>\n

Under the current \u201cleaders\u201d 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 \u201cLayer 2\u201d 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.<\/p>\n

A rather interesting video to watch is from the film adaptation of the novel\u00a0Fountainhead<\/em>\u00a0by Ayn Rand. It might give you some insight into what Craig is experiencing in real life:<\/p>\n

I strongly believe that Craig is someone to watch, even if his personality ruffles a few feathers. He\u2019s 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.<\/p>\n

Read the full piece on\u00a0George Siosi Samuels\u2019 Medium.<\/p>\n

Check out all of the CoinGeek special reports on the\u00a0Kleiman v Wright YouTube playlist.<\/p>\n

This article was lightly edited for clarity purposes.<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This is a republishing from George Siosi<\/p>\n","protected":false},"author":3,"featured_media":146215,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nCraig Wright, Satoshi Nakamoto and why people ridicule the greats in their lifetimes - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/craig-wright-satoshi-nakamoto-and-why-people-ridicule-the-greats-in-their-lifetimes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Craig Wright, Satoshi Nakamoto and why people ridicule the greats in their lifetimes - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"This is a republishing from George Siosi\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/craig-wright-satoshi-nakamoto-and-why-people-ridicule-the-greats-in-their-lifetimes\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-30T16:27:42+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/11\/Craig-Wright-Satoshi-Nakamoto-and-why-people-ridicule-the-greats-in-their-lifetimes-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/craig-wright-satoshi-nakamoto-and-why-people-ridicule-the-greats-in-their-lifetimes\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/craig-wright-satoshi-nakamoto-and-why-people-ridicule-the-greats-in-their-lifetimes\/\",\"name\":\"Craig Wright, Satoshi Nakamoto and why people ridicule the greats in their lifetimes - 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