(I hope some people get the reference to which the title refers to)
Rumors started a few months ago: Craig Steven Wright (CSW) was planning a comeback. The rumors became louder and started coming from multiple sources after the Satoshi Roundtable of this year.
Then the 12th of April came the news: nChain was acquired by High Tech Private Equity Fund SICAV plc
A company built around the research of Craig Wright, who has claimed to have invented the bitcoin cryptocurrency, has been sold to a private equity firm in a deal the company says is the biggest to date involving bitcoin’s underlying blockchain technology.
Be careful when going to the actual website (nchain.com) since apparently “ 60 world-class scientific research, engineering and other professionals” can’t create a simple and secure website.
They really seem to be in to patents for some reason:
Yesterday they announced that Jon Matonis, former Bitcoin Foundation director, was joining nChain as Vice President of Corporate Strategy. This shouldn’t really come as a big surprise since he was/is convinced that CSW is actually Satoshi.
Why is nChain relevant? It isn’t at this point.Then why write about it? Because I see a certain narrative being pushed and people involved with it have a lot of money and/or have been bamboozled before. It is better to spread some awareness about it.What if CSW actually signs an early block? From everything I’ve heard and read about interactions with Satoshi: for me there is no way it is him. If he signs an early block that only Satoshi could’ve signed I’m more concerned about how he got a hold of it.
nChain & CSW’s gameplan:
This part would fall under pure speculation, however there are some interesting things that are surfacing.
- Gavin Andresen tweeted yesterday about Blockstream. I’m sure he’s on the shortlist to get hired by nChain since he is a true believer. Having absolutely no credibility left in crypto, he could still be a useful addition for the next nChain PR-push.
- Roger Ver is in direct contact with CSW/nChain. They were also both at the meeting at Bitclub where Roger deleted an old tweet.
- nChain seems to like patents a lot, recently there have been several (1,2) attacks focused on patents in regards with Segwit and Blockstream. CSW also has a history filled with patents.
I didn’t find a direct link with Bitmain (yet).
Game plan:
- Get more “famous” Bitcoin people on your side, to give the illusion of relevance and authority.
- Patent troll everyone.
- Profit.
- Bonus: create your own implementation backed by 1 rich investor, 1 fake Satoshi and 1 miner who controls majority of the hashrate to “fire Core”.
*Edit* Found an interesting post with potential CSW related shell companies.*/edit*
For a good laugh, be sure to check out hoaxchain.
Relevant:
Donation address: 1FMy1kpeCY7BESwUaVcM5XAy1bmaWJaXKv.