If CSW has 1.1 million or 5% bitcoin, should the market not tremble? Because he is vigorously promoting the bitcoin’s competitive currency – BSV.

Editor’s note: This article comes from the strategic cooperation blockchain media “Odaily Planet Daily” (Public ID: o-daily, < a href="https://download.odaily.com/">APP Download)

Author | Jiang Qian Editor | Lu Xiaoming

Products | Odaily Planet Daily (ID: o-daily)

Warning, is CW's 500,000 dusty BTCs coming back to the market?

On August 26th, the US District Court for the Southern District of Florida made a ruling that could have a significant impact on the world of cryptocurrency. Although most people are not aware of it.

This case was called “Kleiman v. Wright’s invasion of the estate” and has been going on for 1 year and 6 months. According to the judgment on the 26th, Craig Wright (known as CSW or “Ao Ben Cong”) must hand over 50% of the BTC and related intellectual property held by December 31, 2013 to Ira Kleiman.

The case will also be finalized, including jury trials and final trials to be held in March next year. But the conclusion is basically fixed. CSW said it will abide by the court’s decision and hand over about 500,000 bitcoins (currently valued at $5 billion) to Ira.

In the back of this case, it is the ownership of the patents related to Bitcoin, and more importantly, the flow of large bitcoins. 1.1 million bitcoins, calculated as halved in May next year, are equivalent to three years and four months of mining output. If these bitcoins flow to the market in a short period of time, the consequences are unimaginable.

CSW is one-third of “Zhongben Cong”?

The name Ira Kleiman is unknown in the circle. Suddenly, he made a fortune and wanted to rely on his brother, Dave Kleiman. The court that tried the case was in the hometown of the two brothers.

Dave Kleiman and CSW are well-known at the same time.

2016In May, CSW publicly stated that he and Dave were the creators of Bitcoin. Two e-mails were cited as evidence.

In March 2008, CSW sent an email to Dave Kleiman stating:

“I will post a paper later this year, and now I need your help to edit this paper. I have been researching a new type of electronic money, Bit cash, or Bitcoin. (Bitcoin), you are always by my side, Dave, I hope you can be part of this paper.”

This is the earliest place where the word “Bitcoin” can be found.

At the end of 2008, CSW sent an email to Dave Kleiman, which wrote:

“I need your help, you edited my thesis, now I need you to help me build this idea.”

But Dave Kleiman passed away in April 2013, and CSW’s rhetoric was undocumented. He also failed to produce the address private key for the excavation of the creation block or the earlier block. Not only can’t he prove himself, CSW is also accused of fabricating evidence that a “Nakamoto Satoshi” signature that he has shown proves to be counterfeit.

These are all old things.

According to the report of Modern Consensus on August 26th, the judge of the case decided that “Zhong Ben Cong” is a three-person group, and two of them are CSW and Dave Kleiman. The third person who reported it did not mention it.

These two established a company called W&K Info Defense Research LLC in 2011 to mine and apply for patents related to Bitcoin. The patent should not be the original Bitcoin code (version 0.1) because it is not mentioned in the judgment. In addition, CW applied for patents in the open source code in the United States in May of this year.

So, how did the court determine that CSW and Dave Kleiman are members of “Zhong Bencong”?

In fact, the judge did not prove it and avoided this problem. The judge said at the beginning of the verdict that the Court did not decide, whether Defendant (defendant) Dr. Craig Wright is Satoshi Nakamoto. We cannot know the basis of Modern Consensu’s report.

In other words, the court only made a judgment that the patents generated during the two-person partnership should be owned by the partnership company, and because the two parties hold the shares in half, the patent should have Dave.Half of Kleiman. As for whether the patent really belongs to CSW and Dave Kleiman, that is the matter of the Copyright Office.

The previous CSW application for the Bitcoin white paper and the original code of the patent has also been used to educate the market once again. There is no patent to indicate that you are really the original author, but as long as there is no one, Nakamoto is standing out to falsify. Then the patent can be returned to you.

Interestingly, among those who came into contact with Bitcoin early and approached Nakamoto, there was also a man named Hal Finney who was the recipient of Bitcoin’s first transaction and did not rule out that he was One of the members of Cong. If he didn’t die because of “leakage” and stood up to fight for Bitcoin patents, there might be stories to tell.

History encounter

As mentioned above, the real asset transfer, at least until after the final review in March next year, if the transfer really succeeds, there is no doubt that CSW is currently worth billions of dollars or even as reported by the media. Ten billion dollars.

In addition to the “swindler” label, a more reliable identity for CSW may be mining amnesty.

After the launch of Bitcoin in 2009, there have been influxes of mining giants. The earliest miners were geeks like CSW and Dave Kleiman.

At the time, Dave Kleiman had a small success in cryptography. He was a regular contributor to the “Password and Security” mailing list and a long-time member of the Metzdowd Cryptography mailing list, which is the publishing site for the Bitcoin white paper. .

The CSW at the time did not seem to represent anything, but still co-authored papers and books with Dave Kleiman. The theme is not limited to peer-to-peer encryption.

After the birth of Bitcoin, the two began to dig and hoard bitcoin. By 2011, the two co-founded the company to do it.

The court’s verdict shows that “CSW and Dave Kleiman have established a partnership with a half-shareholding… before the end of the relationship (a few months after Dave Kleiman’s death, that is, as of December 31, 2013), The property developed by the two shall belong to the partnership and both shall be equally divided.”

But the CSW at that time did not do this. Three months after Dave Kleiman’s death, CSW quickly transferred away W&K’s intellectual property.

Australian Judgment

CSW has always been a patent enthusiast. In an interview recently, he said that I have obtained 800 intellectual property rights and I will apply for more patents in the future.

One of the 800 patents comes fromPart of the W&K company.

The trial materials showed that after Dave’s death, CSW filed two lawsuits against W&K in the Supreme Court of New South Wales, Australia, in July and August 2013, alleging that the company did not pay for the “completed study”. Property and advisory services and claim compensation of $54 million.

CSW also submitted a “Compensation for Liquidated Damages”, which states that “if there is no compensation, all intellectual property rights will be owned by the sole owner, CSW.”

The result of this lawsuit is that CSW got what he wanted.

The trial materials of the Southern District Court of Florida show that at the time of the establishment of W&K, Dave was the administrator and registered agent, and CSW acted on behalf of W&K in various aspects, including acting as an authorized agent, leading researcher, and statutory. Representatives, etc. In addition, Ira testified that CSW had told himself that he was a partner of Dave, and no third party knew about their partnership and W&K.

In addition, CSW identified itself as the “legal representative or agent” of W&K in the trial in Australia and used its Australian address and mail as the “delivery address” of W&K. This shows that CW became the sole partner of W&K after Dave passed away. Nowadays, it is necessary to obtain the company’s “unpaid money” through legal means.

Following the trial data of the Australian trial, on August 28, 2013, CSW submitted the so-called W&K company’s proposed consent order – signed by “authorized manager J Wilson” and became the basis for the final judgment. But in fact, J Wilson is an employee of CSW and not an authorized administrator of W&K.

Based on the above, the Southern District Court of Florida believes that the 2013 Australian judgment was not made by the fact of the opportunity itself, and therefore basically reversed the pre-judgment of CSW’s patent for W&K.

The materials published by the court show that the CW has stated that its intellectual property acquired at W&K has been provided to CSW’s family trust fund and has been broken up and transferred to other organizational entities such as Hotwire, Coin Exchange, Cloudcroft.

You are not mistaken, CSW has opened an exchange. Ira Kleiman testified that CW had told Dave after his death that he and Dave planned to open the “Coin Exchange”.

The assets involved are 1.1 million bitcoins?

In addition to patents, Bitcoin, which is the same as the W&K company, is also in the pocket of CSW.

Everyone may want to know how many bitcoins are mined during the two-person partnership, or how many bitcoins CSW has to return to Ira Kleiman?

Ira Kleiman stated in the indictment that “the defendant transferred at least 300,000 bitcoins after Dave’s death and moved to several different trusts around the world.” Actual gains may have exceeded Ira Kleiman’s expectations.

CSW said in an interview recently, “On the W&K project, I spent more money than Dave Kleiman… Dave Kleiman should have 320,000 bitcoins, I should have 800,000 bitcoins, but now it is one person Half.”

It seems to be unfair to CSW, but if Ira Kleiman did not file a lawsuit, then Dave Kleiman’s “320,000 bitcoin” was actually directly encroached by CSW.

According to CSW’s statement, the 1.1 million bitcoins were placed in several trusts called Tulip.

But its authenticity cannot be tested until an asset transfer occurs. At the beginning of the judgment, the court said that the court would not entangle the number of bitcoins that CSW has held today to collaborate with the two, and the number is determined by the materials provided by CSW.

CSW’s defense

Ira Kleiman has filed nine lawsuits for one purpose, which is to return the bitcoin dug by Dave and the related patents he participated in.

The CSW did not make any submissions, and it raised eight reasons for the court to dismiss the lawsuit.

For example, CSW argues that since both parties use the W&K as the main source of mining revenue and intellectual property rights, only W&K is eligible to file a lawsuit.

It is clear that W&K is now owned by CSW and its agents, so how should the former partner Dave (the representative) claim rights?

CSW continues to argue that the plaintiff’s lawsuit should be dismissed in accordance with the principle of res judicata (that is, the court should respect the trial of the previous Australian court and award the W&K patent to CSW).

CSW also argues that the case is not under the jurisdiction of the Southern District Court of Florida because many of his witnesses are in Australia or abroad. As a last resort, the plaintiff proved witnesses who could help prove the claim, nine of them in Florida and five others in the rest of the United States. andMost of the evidence abroad is associated with CSW and is readily available.

Finally, only one of the CW’s motions was passed, that is, in the plaintiff’s claim, the infringement of bitcoin and intellectual property rights exceeded the statute of limitations and was rejected. But this does not affect the entry into force of other cases, and from the judgment, Kleiman’s appeal has been extended.

$5 billion Bitcoin will sell for sell?

CW Although the basic announcement has lost, it is difficult to change the personality of his mouth.

He repeatedly stressed during the trial and in the face of the media that if Ira Kleiman wants to inherit $5 billion in bitcoin, he would have to pay the estate tax first, with an inheritance tax rate of about 40%, unless Iran has $2 billion. Cash, otherwise it will sell $2 billion in bitcoin to the market, which will have a huge impact on the market.

The intimidation of CSW is not without reason. “I can’t convince Ira Kleiman not to sell Bitcoin, he has to do what he has to do, he is not me. I don’t need Bitcoin (because I am rich enough), I follow the court’s order, but the verdict may be It became very scary.”

“I used to have $10 billion worth of bitcoin, but I never touched it. Now, some people will dump bitcoin – when you find a gorilla, don’t kick it. Into a pile of nuts.”

People can’t help but ask, as Ira Kleiman inherits his brother’s big fortune, will he make a move to let the market earthquake, regardless of his brother’s efforts? In any case, Ira will be a big variable in the future market.

But in reverse, if the 1.1 million bitcoins are brought together in CSW, the market will also tremble because he is promoting the bitcoin’s competitive currency, the BSV. For this reason, he will not hesitate to leave the Bitcoin community, then he will care about the future life of the community?

However, if you do have $10 billion in assets, will CSW be afraid of a state court decision? Especially in the case of his subjective reluctance, he has countless ways to avoid sanctions. Or, the legacy that Ira is fighting for, the “billions” of wealth of CSW, may be just the mirage in the CSW mouth, and he may have shot at some point.