‘Fatal flaw’ set to destroy Bitcoin on Jan. 1, according to Craig Wright

2020-1-1 23:56

Bitcoin could be living out its final hours today if you were to believe Craig Wright. The self-proclaimed Satoshi Nakamoto said last year that there was a “fatal flaw” in Bitcoin which is set to completely destroy it, adding that “there won’t be any BTC by the end of next year.”

Self-proclaimed Satoshi Nakamoto predicted Bitcoin will die by the end of the year

Craig Wright, the chief scientist at nChain and chief defender at BSV, has been at the forefront of crypto news from 2018. However, few of his front-page appearances were as ridiculous and unbelievable as his prediction for the future of Bitcoin.

Back in 2018, Wright was a guest of The Crypto Show, where he spoke about his alleged creation, Bitcoin. He criticized Bitcoin, which he called ‘Bitcoin Core,” saying that none of the developers that were working on the network really understood it.

“They will learn next year that there is a fatal flaw in BTC and by fatal I mean there won’t be any BTC by the end of next year,” Wright said in the interview.

It’s also worth noting that Wright have the interview on Nov. 12, 2018, just three days before Bitcoin SV, which Wright claim is the forked that follows his original vision, forked from Bitcoin Cash.

Craig Wright’s fearmongering prediction yet to come true

But, with hours left before the end of the year, Wright’s prediction is yet to come true.

Despite its recent price slump and an overall turbulent 12 months, 2019 has been one of the best years for Bitcoin. Almost every single metric was up this year, showing that the network was thriving without much concern for the asset’s value in fiat.

The world’s largest cryptocurrency saw its yearly transaction volume reach its all-time high. The total number of transactions and the network’s hashrate both reached their peaks this year, proving that Bitcoin won’t be magically disappearing any time soon.

This isn’t the only outrageous prediction Wright made for the end of the year. Earlier this year, Wright said that Bitcoin SV is set to see its price rise to over $1,200 by the end of the year. However, what’s more outrageous than his claim that BSV will rise more than 1,100 percent by the end of the day is his prediction for Bitcoin.

He said in a market discussion on Slack:

“A true value of BTC at market will be between 0.10 and 0.20 USD.”

Source: Twitter

The post ‘Fatal flaw’ set to destroy Bitcoin on Jan. 1, according to Craig Wright appeared first on CryptoSlate.

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Deposition of Craig Wright’s Wife Shows Little Understanding of Bitcoin Private Keys

According to a court filing on June 30, the Kleiman v. Wright case has postponed the jury trial until October 13 in the Miami Division courthouse. Meanwhile, a deposition stemming from Craig Wright’s wife, Ramona Watts, shows that she has little understanding of how Bitcoin works after being married to the self-proclaimed ‘cryptocurrency inventor’ for […] The post Deposition of Craig Wright’s Wife Shows Little Understanding of Bitcoin Private Keys appeared first on Bitcoin News.

2020-7-15 20:30


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Over a Hundred 10-Year-Old Bitcoin Addresses Signed: Message Calls ‘Craig Wright a Fraud’ 

Not too long ago, news.Bitcoin.com reported on Craig Wright’s recently submitted bitcoin address list that contained at least three spent blocks. Following the court filing, on May 24 a pastezone dump of 144 addresses, some of which are also represented in Wright’s list, contained a verified message that notes “Craig Steven Wright is a liar […] The post Over a Hundred 10-Year-Old Bitcoin Addresses Signed: Message Calls ‘Craig Wright a Fraud’  appeared first on Bitcoin News.

2020-5-26 20:20


Craig Wright now claims Bitcoin is his intellectual property

Craig Wright claimed that Bitcoin is his intellectual property and that all of those that infringed on it (i. e. Bitcoin Core developers) are about to be legally prosecuted. The self-proclaimed Satoshi Nakamoto outlined other equally ridiculous ideas in his blog post, including that all nodes and miners in the Bitcoin network are his personal agents.

2020-2-19 22:00


Wright Buys More Time: But Does His Testimony Hurt Or Boost Bitcoin?

Imagine for a moment that Craig Wright truly is who he says he is; the inventor of Bitcoin. Imagine you are one of the few who, despite the evidence against his many rambling arguments, believe he truly is the creator of this revolutionary monetary system, now rejected by its creator because it has been used […] The post Wright Buys More Time: But Does His Testimony Hurt Or Boost Bitcoin? appeared first on Crypto Briefing.

2019-7-1 21:42


Ôîòî:

WATCH: Craig Wright briefly forgets he ‘invented’ Bitcoin

Craig Wright appears to have briefly forgotten that he wrote the Bitcoin white paper while speaking at a recent conference in Toronto. Wright, lead brain behind alternative cryptocurrency Bitcoin Satoshi Vision, caused controversy earlier this year after suing community members who refused to acknowledge that he created Bitcoin under the Satoshi Nakamoto pseudonym.

2019-6-14 17:12


Unconfirmed: US Copyright Office Claims Craig Wright Wrote Bitcoin Whitepaper, Bitcoin SV Explodes 100% in Minutes

BREAKING: Craig Wright, founder of Bitcoin SV (BSV), has purportedly been granted US copyright registrations for the original Bitcoin… The post Unconfirmed: US Copyright Office Claims Craig Wright Wrote Bitcoin Whitepaper, Bitcoin SV Explodes 100% in Minutes appeared first on Invest In Blockchain.

2019-5-21 17:35


This Latest ‘Who Created Bitcoin’ Theory is The Craziest One Yet

Bitcoin was the creation of a programmer and drug lord who wanted to launder money, and Craig Wright is trying to steal his private keys. Bitcoin Creator, Solotshi Nakamoto? That was the latest wild conclusion to emerge in the debate over who the ‘real’ inventor of Bitcoin is – the entity behind the Satoshi Nakamoto pseudonym – as Wright’s multibillion-dollar court case continues.

2019-5-14 01:00


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