Thanks for writing this up :) What a journey! And to finish (hopefully) without a court appearance...anticlimactic, but like you say, satisfactory. I appreciate your honest and calm tone.
I've long wondered what the economic benefit of cryptocurrencies is - seems to me they are only good for speculators and criminals. This Craig Wright character sounds like he is both of those things. Seems like the winners from all of this nonsense are the lawyers...?
Try learning about Bitcoin before trashing it. For example, did you know that police prefer criminals to use BTC because they can trace the wallets back to the criminal? That there was an entire paedophile ring busted a few years ago because of the FBI and others using the blockchain to find their way to the kingpin?
Craig is in no way representative of Bitcoin, he is a liar, a fraud and a con-man.
Doesn’t that demonstrate my point, i.e. paedophile rings using Bitcoin!? I’d be interested in examples (that don’t involve crime or speculation) where Bitcoin, or any other cryptocurrency, is better than conventional currencies…
Apologies for taking so long to respond, I've only just seen this. Firstly, fiat money is used far more often than crypto when it comes to illegal transactions
There is a difference between general cryptocurrencies and Bitcoin.
Bitcoin is better because it is deflationary, there will never be any more than 21 million Bitcoin. That ensures your savings hold value.
It allows peer to peer transactions without a middle man (like a bank), it's permissionless.
It can be used across borders, allowing anyone with an internet connection to participate in the global economy and access financial services. Do you know how many people across the world are presently unbanked?
It cannot be counterfeited.
It is immutable.
No government can steal it from you or freeze your account.
Just a few reasons why Bitcoin is better than fiat.
Thanks for your reply but this doesn’t really answer my question. The theory sounds great but I’m just looking for one or two simple real world examples of where crypto is better, bearing in mind its volatility…
I did give you one real example above, the best one in my opinion - access to financial services for the millions of unbanked around the world (including the so-called civilised world) Anyone with a mobile phone and an internet connection can make transactions, that is incredibly helpful for people who have no access to a bank.
Remittance payments for the many millions who work abroad and want to send money back home to help their families without having to pay huge costs in fees, Bitcoin can be sent immediately, without any censorship and without extortion from middlemen.
Take the trucker protests in Canada as another example. Many had their bank accounts frozen and could not access their money. Governments cannot do that with Bitcoin. This leads to independence in thought and deed
I doubt I'll ever change your mind, you seem to be stuck in the fiat system and I understand that, but it is a system on its way out, just like the Rai stones and you'd be wise to look deeper into Bitcoin (not crypto) in your own time. There are a lot of resources to help you to understand it. Good luck.
Thank you. The trucker protest example makes a lot of sense, though I’m less convinced about people who are outside the financial system messing around with crypto exchanges, hot wallets etc. with an underlying currency that is so volatile. It seems to me that even buying physical gold is probably easier and more reliable… I have myself owned Bitcoin in the past through Revolut though purely for speculative purposes. In any event, thank you again for your reply. Probably best if we take this debate offline.
So fun to read this and remember my bit part in this story, because Rory called me (at 4am, he didn’t know I was in New York) to ask for my opinion on the story. I told him I’d read up and get back to him. I set about googling and trying to understand what exactly had or had not been demonstrated in Rory’s presence.
Now, the reason I was in New York was that I was atteninding Consensus 2016, a major cryptocurrency conference that is now primarily remembered for my public disclosure of my privates (sic) key management strategy. Anyway, I showered and dressed and ambled down to the Green Room to get ready for my session. As I went I was greeted with a cheerful “Hello Dave” from Vitalik Buterin, a very nice guy but also a genius who had actually invented a cryptocurrency. So I asked him what he thought about Craig’s Crypto Claim and he told me that it was (I paraphrase) bollocks. I dutifully reported his opinion back to Rory in London and went off to my session.
The general consensus at Consensus was that the journalists had been tricked. Indeed, as Rory writes, within hours of Craig Wright publishing details of his evidence, the “proof” was being torn apart at a New York crypto conference.
> Oh, and by the way that 0.01701 BTC which was worth about £5 when I sent it to the Bitcoin founder’s home address is worth nearly £700 at today’s market price. But somehow I suspect I won’t be seeing that again.
Could you take him to the Small Claims Court in the UK?
Sincerely writing , crypto sc*ms is so common these days and i actually fell for it . I was confused until i read about Tust Guard Company . I reached out to them through their whatsapp number and they actually helped me got back the crypto from the sc*mmers . their Watsapp /number is Plus , one five eight four six zero zero five seven one three . and their contact email is : trustguarddigitalassetsrecovery AT AOL DOT COM . I want to thank you for reading and understanding my post ....
Sincerely writing , crypto sc*ms is so common these days and i actually fell for it . I was confused until i read about Tust Guard Company . I reached out to them through their whatsapp number and they actually helped me got back the crypto from the sc*mmers . their Watsapp /number is Plus , one five eight four six zero zero five seven one three . and their contact email is : trustguarddigitalassetsrecovery AT AOL DOT COM . I want to thank you for reading and understanding my post ....
I think I have been scammed by Bitmartsd.com. I was invited to trade at bitmartsd.com and I transferred funds (86,000 USD) there. They said I have to transfer another 5000 USD after seeing a supposed profit of 44,000 USD added to my initial capital or else they will block my funds which I did and I was asked to transfer another 10,000 USD then I started suspecting it to be a scam, the website also looks much simpler than the bitmart.com website. I did my research and came in contact with “Backendrecover at Rescueteam dot com” who recovered all my funds in less than 72 hours. Although it wasn’t free, it was worth it. I promised to let everyone know about them
I think I have been scammed by Bitmartsd.com. I was invited to trade at bitmartsd.com and I transferred funds (86,000 USD) there. They said I have to transfer another 5000 USD after seeing a supposed profit of 44,000 USD added to my initial capital or else they will block my funds which I did and I was asked to transfer another 10,000 USD then I started suspecting it to be a scam, the website also looks much simpler than the bitmart.com website. I did my research and came in contact with “Backendrecover at Rescueteam dot com” who recovered all my funds in less than 72 hours. Although it wasn’t free, it was worth it. I promised to let everyone know about them
With the help of {backendrecover AT rescueteam D-O-T c om}. I was able to recover my funds invested in an online scheme. This investment company and its employee lured me to invest, which I did and all my funds were gone but with their help of the, we were able to trace and recover enough of my funds. Was not easy initially but I am excited we succeeded.
I am John, I lost money to coobe.im through their rep known as “Professor”. After using the site coobe.im for a while, I tried to make a withdrawal from my account. I was told I should join a “Fast Track” service to expedite my withdrawal due to the long withdrawal queue. The “Fast Track” service required that I wire a deposit to the site equal to the amount I wanted to withdraw. I deposited the amount but was told that it was not accepted because the amount was not exactly equal to the withdrawal amount. I tried to deposit additional sums twice more, and each time was told the same. After four withdrawal attempts, I was told that the system rejected the withdrawal because too many accounts joined the Fast Track withdrawal service. The site then told me that they could transfer an additional $60,000 to re-open the Fast Track service withdrawal. At this point I knew it was a scam and could not continue, so I happened to read about Hackwest at writeme dot com and immediately contacted them, lo and behold, Hack West was able to recover all that they tried to steal from me and my friend totaling about 890,000 USDT. The coobe.im website is no longer active.
I was preoccupied with browsing the internet and seeking assistance after falling victim to a scam by a broker. Fortunately, I found {backendrecover@rescueteam.com}, who provided exceptional and professional services. They guided me through the entire process, allowing me to finally find relief from the stress and frustration caused by the previous ordeal.
I was preoccupied with browsing the internet and seeking assistance after falling victim to a scam by a broker. Fortunately, I found {backendrecover@rescueteam.com}, who provided exceptional and professional services. They guided me through the entire process, allowing me to finally find relief from the stress and frustration caused by the previous ordeal.
After reading some reviews on how [Backendrecover AT Rescueteam dot (c om) helps people recover money and Cryptocurrencies lost to scammers,I decided to contact him to help me recover mine which I lost in August 2023. To my surprise he was able to trace the USDT from the first wallet to all the wallets it has been sent to. He moved them out of those wallets and returned them back to mine and even added extra to me, it feels like magic.
Lovely newsletter this week. What a story!
Thanks for writing this up :) What a journey! And to finish (hopefully) without a court appearance...anticlimactic, but like you say, satisfactory. I appreciate your honest and calm tone.
I've long wondered what the economic benefit of cryptocurrencies is - seems to me they are only good for speculators and criminals. This Craig Wright character sounds like he is both of those things. Seems like the winners from all of this nonsense are the lawyers...?
Try learning about Bitcoin before trashing it. For example, did you know that police prefer criminals to use BTC because they can trace the wallets back to the criminal? That there was an entire paedophile ring busted a few years ago because of the FBI and others using the blockchain to find their way to the kingpin?
Craig is in no way representative of Bitcoin, he is a liar, a fraud and a con-man.
Doesn’t that demonstrate my point, i.e. paedophile rings using Bitcoin!? I’d be interested in examples (that don’t involve crime or speculation) where Bitcoin, or any other cryptocurrency, is better than conventional currencies…
Apologies for taking so long to respond, I've only just seen this. Firstly, fiat money is used far more often than crypto when it comes to illegal transactions
There is a difference between general cryptocurrencies and Bitcoin.
Bitcoin is better because it is deflationary, there will never be any more than 21 million Bitcoin. That ensures your savings hold value.
It allows peer to peer transactions without a middle man (like a bank), it's permissionless.
It can be used across borders, allowing anyone with an internet connection to participate in the global economy and access financial services. Do you know how many people across the world are presently unbanked?
It cannot be counterfeited.
It is immutable.
No government can steal it from you or freeze your account.
Just a few reasons why Bitcoin is better than fiat.
Thanks for your reply but this doesn’t really answer my question. The theory sounds great but I’m just looking for one or two simple real world examples of where crypto is better, bearing in mind its volatility…
I did give you one real example above, the best one in my opinion - access to financial services for the millions of unbanked around the world (including the so-called civilised world) Anyone with a mobile phone and an internet connection can make transactions, that is incredibly helpful for people who have no access to a bank.
Remittance payments for the many millions who work abroad and want to send money back home to help their families without having to pay huge costs in fees, Bitcoin can be sent immediately, without any censorship and without extortion from middlemen.
Take the trucker protests in Canada as another example. Many had their bank accounts frozen and could not access their money. Governments cannot do that with Bitcoin. This leads to independence in thought and deed
I doubt I'll ever change your mind, you seem to be stuck in the fiat system and I understand that, but it is a system on its way out, just like the Rai stones and you'd be wise to look deeper into Bitcoin (not crypto) in your own time. There are a lot of resources to help you to understand it. Good luck.
Thank you. The trucker protest example makes a lot of sense, though I’m less convinced about people who are outside the financial system messing around with crypto exchanges, hot wallets etc. with an underlying currency that is so volatile. It seems to me that even buying physical gold is probably easier and more reliable… I have myself owned Bitcoin in the past through Revolut though purely for speculative purposes. In any event, thank you again for your reply. Probably best if we take this debate offline.
Just another Walt backed by another walt with money trazhing everything and everyone. Psychologists wet dream.
So fun to read this and remember my bit part in this story, because Rory called me (at 4am, he didn’t know I was in New York) to ask for my opinion on the story. I told him I’d read up and get back to him. I set about googling and trying to understand what exactly had or had not been demonstrated in Rory’s presence.
Now, the reason I was in New York was that I was atteninding Consensus 2016, a major cryptocurrency conference that is now primarily remembered for my public disclosure of my privates (sic) key management strategy. Anyway, I showered and dressed and ambled down to the Green Room to get ready for my session. As I went I was greeted with a cheerful “Hello Dave” from Vitalik Buterin, a very nice guy but also a genius who had actually invented a cryptocurrency. So I asked him what he thought about Craig’s Crypto Claim and he told me that it was (I paraphrase) bollocks. I dutifully reported his opinion back to Rory in London and went off to my session.
The general consensus at Consensus was that the journalists had been tricked. Indeed, as Rory writes, within hours of Craig Wright publishing details of his evidence, the “proof” was being torn apart at a New York crypto conference.
Happy days.
Dave, what a reliable stringer you were, even when called at 4am!
> Oh, and by the way that 0.01701 BTC which was worth about £5 when I sent it to the Bitcoin founder’s home address is worth nearly £700 at today’s market price. But somehow I suspect I won’t be seeing that again.
Could you take him to the Small Claims Court in the UK?
Do it... You can finally have your time in court with him. I'm happy to be a character witness for you Rory. ;-)
I'm not Craig Steven Wright. For the love of my creation ₿itcoin 🟠 I will reveal myself.
Key PGP 1AB4 2807 8440 CBE6 D628 00AF B98C 3CA3 48A1 F4F7
https://github.com/SatoshiNT0/SatoshiNT0/releases/tag/Satoshi
Sincerely writing , crypto sc*ms is so common these days and i actually fell for it . I was confused until i read about Tust Guard Company . I reached out to them through their whatsapp number and they actually helped me got back the crypto from the sc*mmers . their Watsapp /number is Plus , one five eight four six zero zero five seven one three . and their contact email is : trustguarddigitalassetsrecovery AT AOL DOT COM . I want to thank you for reading and understanding my post ....
Sincerely writing , crypto sc*ms is so common these days and i actually fell for it . I was confused until i read about Tust Guard Company . I reached out to them through their whatsapp number and they actually helped me got back the crypto from the sc*mmers . their Watsapp /number is Plus , one five eight four six zero zero five seven one three . and their contact email is : trustguarddigitalassetsrecovery AT AOL DOT COM . I want to thank you for reading and understanding my post ....
I think I have been scammed by Bitmartsd.com. I was invited to trade at bitmartsd.com and I transferred funds (86,000 USD) there. They said I have to transfer another 5000 USD after seeing a supposed profit of 44,000 USD added to my initial capital or else they will block my funds which I did and I was asked to transfer another 10,000 USD then I started suspecting it to be a scam, the website also looks much simpler than the bitmart.com website. I did my research and came in contact with “Backendrecover at Rescueteam dot com” who recovered all my funds in less than 72 hours. Although it wasn’t free, it was worth it. I promised to let everyone know about them
I think I have been scammed by Bitmartsd.com. I was invited to trade at bitmartsd.com and I transferred funds (86,000 USD) there. They said I have to transfer another 5000 USD after seeing a supposed profit of 44,000 USD added to my initial capital or else they will block my funds which I did and I was asked to transfer another 10,000 USD then I started suspecting it to be a scam, the website also looks much simpler than the bitmart.com website. I did my research and came in contact with “Backendrecover at Rescueteam dot com” who recovered all my funds in less than 72 hours. Although it wasn’t free, it was worth it. I promised to let everyone know about them
With the help of {backendrecover AT rescueteam D-O-T c om}. I was able to recover my funds invested in an online scheme. This investment company and its employee lured me to invest, which I did and all my funds were gone but with their help of the, we were able to trace and recover enough of my funds. Was not easy initially but I am excited we succeeded.
I am John, I lost money to coobe.im through their rep known as “Professor”. After using the site coobe.im for a while, I tried to make a withdrawal from my account. I was told I should join a “Fast Track” service to expedite my withdrawal due to the long withdrawal queue. The “Fast Track” service required that I wire a deposit to the site equal to the amount I wanted to withdraw. I deposited the amount but was told that it was not accepted because the amount was not exactly equal to the withdrawal amount. I tried to deposit additional sums twice more, and each time was told the same. After four withdrawal attempts, I was told that the system rejected the withdrawal because too many accounts joined the Fast Track withdrawal service. The site then told me that they could transfer an additional $60,000 to re-open the Fast Track service withdrawal. At this point I knew it was a scam and could not continue, so I happened to read about Hackwest at writeme dot com and immediately contacted them, lo and behold, Hack West was able to recover all that they tried to steal from me and my friend totaling about 890,000 USDT. The coobe.im website is no longer active.
I was preoccupied with browsing the internet and seeking assistance after falling victim to a scam by a broker. Fortunately, I found {backendrecover@rescueteam.com}, who provided exceptional and professional services. They guided me through the entire process, allowing me to finally find relief from the stress and frustration caused by the previous ordeal.
I was preoccupied with browsing the internet and seeking assistance after falling victim to a scam by a broker. Fortunately, I found {backendrecover@rescueteam.com}, who provided exceptional and professional services. They guided me through the entire process, allowing me to finally find relief from the stress and frustration caused by the previous ordeal.
After reading some reviews on how [Backendrecover AT Rescueteam dot (c om) helps people recover money and Cryptocurrencies lost to scammers,I decided to contact him to help me recover mine which I lost in August 2023. To my surprise he was able to trace the USDT from the first wallet to all the wallets it has been sent to. He moved them out of those wallets and returned them back to mine and even added extra to me, it feels like magic.