{"id":123000,"date":"2020-01-14T14:00:08","date_gmt":"2020-01-14T14:00:08","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=123000"},"modified":"2020-01-14T11:24:31","modified_gmt":"2020-01-14T11:24:31","slug":"does-the-bitcoin-sv-genesis-upgrade-support-the-narrative-that-craig-wright-is-satoshi","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/does-the-bitcoin-sv-genesis-upgrade-support-the-narrative-that-craig-wright-is-satoshi\/","title":{"rendered":"Does the Bitcoin SV Genesis upgrade support the narrative that Craig Wright is Satoshi?"},"content":{"rendered":"<p>Contentious Bitcoin Cash hard fork <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin-sv\/\">Bitcoin SV<\/a> (BSV) has surged over 25% percent in the past 24 hours. The cryptocurrency\u2019s significant price increase has led to a <a href=\"https:\/\/cryptoslate.com\/bitcoin-sv-is-going-parabolic-but-some-people-in-the-crypto-community-think-it-may-be-an-exit-scam\/\">parabolic rally<\/a> which may result in all-time highs for BSV.<\/p>\n<p>However, many crypto community members believe that Bitcoin SV might be an \u201cexit scam,\u201d which may serve as a get rich quick scheme for its creators. Twitter user @thomcanterbury <a href=\"https:\/\/twitter.com\/thomcanterbury\/status\/1216820580659261440?s=12\">said<\/a>:<\/p>\n<blockquote><p>\u201cBSV genesis upgrade is a trojan horse for being able to move satoshi coins on that chain (they won\u2019t and can\u2019t move on Bitcoin (BTC) chain) in order to continue the narrative that CSW is satoshi. This is all being coordinated alongside the court case. Truly spectacular.\u201d<\/p><\/blockquote>\n<h2>Previous sanction ordering Wright to give up Bitcoin holdings will not stand<\/h2>\n<p>A US District Judge recently ruled that a previous sanction instructing <a href=\"http:\/\/cryptoslate.com\/people\/craig-wright\">Craig Wright<\/a>\u00a0the self-proclaimed Bitcoin inventor, to surrender half of his BTC holdings to Dave Kleiman\u2019s estate will not stand.<\/p>\n<p>US Magistrate Judge Bruce Reinhart had announced the sanction ruling in August 2019 in the long-running court battle concerning 1.1 million BTC, which were allegedly mined by Wright and Kleiman during Bitcoin\u2019s early days.<\/p>\n<p>Court documents submitted to the US District Court in Florida on Jan. 10 confirmed that Judge Beth Bloom determined that Reinhart\u2019s previous sanction order was improper.<\/p>\n<p>Last year, Reinhart had ruled that Wright had perjured himself by intentionally submitting fake documents. The judge had asked Wright to give up more than 50 percent of the alleged 1.1 million Bitcoin in his possession.<\/p>\n<h2>The court can\u2019t determine how much BTC Wright owns<\/h2>\n<p>But the recent ruling indicates that the sanction was improper, as certain facts such as Wright being an equal partner with Kleiman are not necessarily related to the discovery issue, which is a list of Wright\u2019s alleged BTC holdings. If the court does acknowledge and accept the presented facts, the discovery abuse would still be \u201cuncured,\u201d because the court is unable to determine how much Bitcoin Wright actually owns.<\/p>\n<p>Judge Bloom says that Wright did not make a good faith effort to follow the discovery orders and must pay the Kleiman estate\u2019s legal fees. In November 2019, the Kleiman estate had submitted a motion demanding that legal expenses of $658,000 be covered. Wright\u2019s attorneys responded by asking the courts to deny the request because they claimed that the attorney fees were \u201cunreasonable.\u201d<\/p>\n<p>The judge has now given Wright until February 3 to notify the court if a \u201cmysterious bonded courier\u201d appears with the final key slice so he can gain access to his alleged BTC holdings.<\/p>\n<p>The judge has also questioned Wright\u2019s claim that the courier will be delivering the slice this month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Contentious Bitcoin Cash hard fork Bitcoin SV (BSV) has surged over 25% percent in the past 24 hours. The cryptocurrency\u2019s significant price increase has led to a parabolic rally which may result in all-time highs for BSV. However, many crypto community members believe that Bitcoin SV might be an \u201cexit scam,\u201d which may serve as [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":123002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Does the Bitcoin SV Genesis upgrade support the narrative that Craig Wright is Satoshi?<\/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:\/\/cryptoslate.com\/does-the-bitcoin-sv-genesis-upgrade-support-the-narrative-that-craig-wright-is-satoshi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does the Bitcoin SV Genesis upgrade support the narrative that Craig Wright is Satoshi?\" \/>\n<meta property=\"og:description\" content=\"Contentious Bitcoin Cash hard fork Bitcoin SV (BSV) has surged over 25% percent in the past 24 hours. The cryptocurrency\u2019s significant price increase has led to a parabolic rally which may result in all-time highs for BSV. However, many crypto community members believe that Bitcoin SV might be an \u201cexit scam,\u201d which may serve as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/does-the-bitcoin-sv-genesis-upgrade-support-the-narrative-that-craig-wright-is-satoshi\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-14T14:00:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-14T11:24:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2020\/01\/bitcoin-sv.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Omar Faridi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Omar Faridi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/does-the-bitcoin-sv-genesis-upgrade-support-the-narrative-that-craig-wright-is-satoshi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/does-the-bitcoin-sv-genesis-upgrade-support-the-narrative-that-craig-wright-is-satoshi\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/omar-faridi\/#person\",\"name\":\"Omar Faridi\",\"url\":\"https:\/\/cryptoslate.com\/author\/omar-faridi\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/omar-faridi\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/omar-faridi\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/02\/omar-faridi-profile-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/02\/omar-faridi-profile-300x300.jpg\",\"caption\":\"Omar Faridi\"},\"jobTitle\":\"Journalist\",\"description\":\"Omar enjoys writing about all topics related to Bitcoin, blockchain, and cryptocurrency. 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