Who is Craig Wright and the Tulip Trust?

Prod K. Louise
4 min readJan 25, 2019

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So who is Craig Steven Wright?

H e was born on October, 1970, is an Australian computer scientist and businessman. He has publicly identified himself as the main part of the team that created bitcoin, and has stated he is the identity behind the pseudonym Satoshi Nakamoto. This statement has been widely regarded with scepticism.

Honestly I don’t believe that he is Satoshi Nakamoto. He is said to be a fraudster who claims to be the creator of Bitcoin, Satoshi Nakamoto. There has been no concrete evidence presented in favour of Wright’s claim. There is overwhelming evidence against his claim, yet Wright was able to get lots of media coverage by sympathetic journalists with a limited understanding of technology after Wright tricked or bribed a couple of Bitcoin figureheads such as Gavin Andresen to back his claims without themselves having access to any supporting evidence. Wright sometimes explains away his apparent technical incompetence by suggesting that the actual development of Bitcoin was performed by a deceased acquaintance, David Kleinman. Kleinman worked as a systems administrator and IT security consultant for law enforcement and does not appear to have any particular programming expertise, similar to Wright. Wright’s unsubstantiated claims are the only known source suggesting Kleinman has any connection to the creation of Bitcoin. As a result, arguments that Wright was in some way “involved” with the creation of Bitcoin due to his relationship with Kleinman are circular.

If Craig Wright really was the creator of Bitcoin, the proof would be trivial. We see an example by Charlie Lee the creator of Litecoin.

There are a lot of personalities claimed that they are the creator of Bitcoin or the people behind the development of Bitcoin. With these points in mind, it’s difficult to see how an exposure of the true identity of Bitcoin’s creator would affect the economic, financial and social challenges that Bitcoin and many other cryptocurrencies are trying to overcome. While it’s natural that many people feel an innate curiosity and passion to figure out who Satoshi Nakamoto is, it may just be better for the hopes of long-term and widespread adoption that we focus on the technology and revolutionary aspects of Bitcoin rather than the personality behind it.

It doesn’t matter who is Satoshi Nakamoto but it’s one of the biggest mystery in the modern world. He created bitcoin. Stayed with it for a while and when it began to dawn, he disappeared. He cannot even be traced. Who exactly is this guy and where is he? I don’t know who he is, neither do I know where he is but I know some things that has to be true about him from what we’ve seen. Nobody is yet to figure out who he is but we should be thankful to the legendary Satoshi Nakamoto!

Craig Wright’s “Tulip Trust”

What I’ve read about Craig Wright claims he cannot spend the early Bitcoins because they are locked in a (multisig?) trust until 2020 (link). If that is true there are two possibilities. Either the necessary keys are held by one or more parties who could provide cryptographic proof they exist or the keys have been lost. Obviously it would be valuable for the Bitcoin community and the Australian Tax Authority to know which of these is the case.

There was also a story that supposedly Dave Kleiman who set up the trust before he died carried a USB drive with him at all times which his brother now possesses. Could this hold a key to the 1,100,111 bitcoins?

Also wouldn’t there have to be evidence of 1,100,111 bitcoin mined by Satoshi transferred to one or more new addresses on or around 6/9/2011?

Also, why would Dave Kleiman pay market value for those bitcoin on 6/9/2011, and then offer to return them in 2020??

https://www.documentcloud.org/documents/2644014-Tulip-Trust-Redacted.html

http://heavy.com/tech/2015/12/dave-david-kleiman-bitcoin-founder-creator-craig-wright-net-worth-obituary-how-did-he-die-death-gizmodo-wired-forensics-satoshi-nakomoto-identity/

There is no such thing that Craig Wright’s Tulip Trust is real even if In a leaked email sent just before the launch of bitcoin, and cited by Wired, Wright tells Kleiman that he plans to use a buyout from work to invest in enough computer processors to “get [his] idea going.” It also cites a PDF written by Kleiman in which he agrees to take control of a trust fund — codenamed “The Tulip Trust” — that contains 1.1 million bitcoins, which is signed using Kleiman’s PGP signature, meaning that the document could not have been altered after it was signed. Furthermore, it would have been relatively easy to amass a large number of bitcoins early in the cryptocurrency’s evolution — when The Tulip Trust was created. Let see what the future will brings us about this Tulip mania or just another Fake Trust.

My References

  1. Prove of backdated PGP key
  2. https://bitcointalk.org/index.php?topic=1282144.msg13196947#msg13196947
  3. Paid a million dollars by nTrust to ‘reveal’ himself as Satoshi
  4. https://www.reddit.com/r/Bitcoin/comments/4hflr3/craig_wrights_signature_is_worthless/
  5. https://bitcoin.stackexchange.com/questions/81115/if-someone-wanted-to-pretend-to-be-satoshi-by-posting-a-fake-signature-to-defrau
  6. Faked early blog posts
  7. https://www.reddit.com/r/Bitcoin/comments/4cdsna/craig_wright_nigerian_prince_and_other_unlikely/
  8. https://www.reddit.com/r/btc/comments/4ieye8/craig_wright_posting_on_a_lulzsec_site_in_2011/
  9. http://archive.is/6C3C9
  10. https://np.reddit.com/r/btc/comments/799xlz/csw_many_wonder_why_secp256k1_was_used_in/dp0azeb/
  11. https://i.imgur.com/fOn1BI9.png
  12. https://twitter.com/PeterRizun/status/983752297363660800https://archive.is/9ymSC
  13. https://twitter.com/satoshilite/status/727157971428331520

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