Craig Wright Admits to Editing Bitcoin White Paper Presented in COPA Trial

CoinDeskPolicyPublicado a 2024-02-22Actualizado a 2024-02-23

Resumen

COPA's trial to find out whether or not Craig Wright is the pseudonymous creator of bitcoin Satoshi Nakamoto has completed its third week.

The bitcoin developers' lawyer, Alexander Gunning, presented evidence that Craig Wright had made new edits to his whitepaper, which Wright acknowledged.
The Crypto Open Patent Alliance wants to prove that Wright's claim to be the founder of bitcoin is a lie backed forgeries.

Craig Wright admitted to making changes to the version of the bitcoin whitepaper he presented in the Crypto Open Patent Alliance's (COPA) trial while testifying Friday.

The trial to prove whether or not Wright is the anonymous creator of the bitcoin white paper completed its third week. COPA wants to prove that Wright's claim to be Satoshi Nakamoto is a lie afforded by "industrial style forgeries," and the bitcoin developers lawyer Alexander Gunning is helping them.

On Friday, Gunning demonstrated that Wright made edits to the bitcoin whitepaper in his "LaTeX files," which Wright agreed were accurate. Wright said the edits were simply a demonstration for his representatives at Shoosmiths (his law firm).

"You were not showing this to anyone, we know the times you were showing this to Shoosmiths, you were doing it for yourself," Gunning said.

"What you are doing is tweaking parameters.. to get them to fit " the layout of the bitcoin whitepaper, Gunning added. The file was uploaded as recently as November 2023, Gunning said.

Gunning ended his questioning by asking: "Your claim to be Satoshi Nakomoto is a fraudulent claim isn't it?" which Wright disputed.

Week three

Wright's testimony capped off the third week of the trial, which saw some of COPA's witnesses took to the stand to face questioning from Wright's lawyers.

Zooko Wilcox-O'Hearn, a computer scientist and the founder of Zcash, testified on Thursday where he was questioned on how well he knew Nakamoto. Wilcox said he wouldn't call himself "pals" with the pseudonymous Bitcoin creator. In court documents, he said that he was not sure if he had any private conversations with Nakamoto.

Other witnesses were more confident about their interactions with Nakamoto.

Computer scientist Marti Malmi spoke on Wednesday, disputing the dates that Wright put forward about Malmi's interaction with Nakamoto. Malmi later released his emails with Nakamoto on X (formerly Twitter).

Wright said in his witness statement that Malmi approached Nakamoto in Feb. 2009 but Malmi said in his statement this was "incorrect," and that the date was actually May 1, 2009.

Adam Back, the CEO of bitcoin technology company Blockstream, said in his first statement he corresponded with someone purporting to be Nakamoto via email.

In his statement he showed an email he received from Nakamoto on Aug. 20, 2008, where he said he planned to cite Back's paper about a proof-of-work system and Back responded by sending more resources.

Wright described Back's interactions with Nakamoto as "dismissive," which Back said was inaccurate.

Next week will see expert witnesses will be questioned.

STORY CONTINUES BELOW

Recommended for you:

Edited by Nikhilesh De.

Lecturas Relacionadas

Venus Protocol Integrates Tokenized Stocks As Lending Collateral On BNB Chain

Venus Protocol now allows tokenized stocks from companies like Apple, Tesla, and Microsoft to be used as borrowing collateral on BNB Chain. This integration brings a key real-world asset (RWA) use case into DeFi lending. Users can deposit these tokenized equities, which are described as 1:1 backed by real shares held by regulated custodians, into isolated pools to borrow stablecoins or BNB without selling their underlying positions. This move expands DeFi lending beyond crypto-native assets, resembling traditional margin finance. It highlights BNB Chain's competition for RWA activity and aims to attract more stable liquidity. However, tokenized stocks introduce different risks, including dependency on off-chain custodians and challenges with collateral valuation due to differing market hours between traditional and on-chain trading. While not an immediate price catalyst, this development is significant within broader crypto trends like compliance pressure and RWA tokenization. Success will depend on growing liquidity, reliable custody, robust price oracles, and clear rules for redemptions and liquidations.

bitcoinistHace 50 min(s)

Venus Protocol Integrates Tokenized Stocks As Lending Collateral On BNB Chain

bitcoinistHace 50 min(s)

The Impossible Trilemma Is Basically a Pseudo-Problem

The article argues that the core limitation of blockchain technology is not the scalability trilemma, but its fundamental lack of privacy, which acts as a barrier to institutional capital. It defines blockchain as a slow, expensive, shared computer whose primary value is "permissionlessness" (no administrator) and verifiable trust. While this is ideal for native financial assets like stable币, which now process trillions, two critical flaws remain for mainstream adoption: regulatory legitimacy and a default transparency that leaks all financial activity. The author contends that transparency is not a feature but a tax, quantified through MEV extraction, making the public ledger unusable for serious institutions. However, modern cryptography, specifically zero-knowledge proofs, now offers a solution: "provable privacy." This allows users to prove compliance (e.g., solvency, KYC) without revealing underlying data. This fusion of privacy and auditability resolves the transparency-compliant privacy-compliance dichotomy, enabling a purely upgraded system where transactions are verified but not broadcasted. Closing these flaws is presented as the essential bridge to onboard the next wave of trillions in capital.

marsbitHace 11 hora(s)

The Impossible Trilemma Is Basically a Pseudo-Problem

marsbitHace 11 hora(s)

The "Impossible Triad" Is Fundamentally a Pseudo-Problem

The article argues that blockchain's fundamental limitation is not the scalability trilemma (decentralization, scalability, security), which has been largely solved, but the lack of **privacy** and, until recently, clear **legitimacy**. Blockchain is described as a slow, expensive, globally shared computer whose core value is censorship resistance and verifiability. While ideal for native digital assets like money (e.g., stablecoins), its default transparency acts as a **tax**, exposing all transactions and enabling MEV extraction, which deters serious institutional capital. Simultaneously, its permissionless nature created regulatory ambiguity. The piece contends that **privacy** is the missing critical feature. It rejects the false choice between total transparency and complete anonymity. Modern cryptography (like zero-knowledge proofs) enables **compliant privacy**: users can prove facts (solvency, KYC status, compliance) without revealing the underlying sensitive data (specific holdings, identities). This preserves auditability for regulators and eliminates the leak of financial information. With recent regulatory progress (e.g., the GENIUS Act) addressing legitimacy, adding default, provably compliant privacy becomes a pure upgrade. It transforms blockchain from a costly, public ledger into a confidential settlement layer, finally bridging the gap to mainstream institutional and individual adoption of on-chain finance.

链捕手Hace 11 hora(s)

The "Impossible Triad" Is Fundamentally a Pseudo-Problem

链捕手Hace 11 hora(s)

Optical Chips: Collective Capacity Expansion

The global optical chip industry is experiencing a massive wave of expansion driven by surging AI data center demand. Major players across the US, Japan, Europe, and China are aggressively investing to ramp up production capacity. In the US, Coherent is expanding its 6-inch Indium Phosphide (InP) semiconductor fab in Texas, supported by CHIPS Act funding and a $2 billion strategic investment from NVIDIA. Lumentum is building a new factory for InP optical devices, and Nokia is scaling its advanced photonic chip packaging and testing capabilities. NVIDIA's investments aim to secure future supply of critical lasers and optical interconnect products for AI infrastructure. Japan's JX Advanced Metals, a leading InP substrate supplier, plans a multi-billion yen investment to increase its capacity 7-10 times, strengthening its grip on the crucial upstream materials market. In Europe, IQE and Tower Semiconductor settled a patent dispute and signed a multi-year InP epitaxial wafer supply agreement, highlighting that next-generation silicon photonics platforms will integrate high-performance InP components. STMicroelectronics and Sivers Semiconductors are also expanding silicon photonics production and partnerships. China is rapidly building out its domestic supply chain. Dongshan Precision's subsidiary, Source Photonics, announced a $12 billion project to expand optical chip and module production. Companies like Sanan Optoelectronics and Yunnan Germanium are scaling up InP chip manufacturing and substrate production, moving towards vertical integration from materials to modules. While debate continues around the exact future architecture—whether CPO (Co-Packaged Optics), NPO, or pluggables will dominate—analysts like Morgan Stanley argue the underlying driver is unchangeable: the explosive growth in bandwidth demand. This will inevitably increase the volume of optical engines, lasers, and related content per GPU, regardless of the final technical path. The competition for "more light" in the AI era has intensified into a global, full-chain capacity race.

marsbitHace 13 hora(s)

Optical Chips: Collective Capacity Expansion

marsbitHace 13 hora(s)

Stablecoins Finally Find Real Yield: An In-Depth Look at On-Chain Reinsurance Re | A Conversation with Re Founder Karan Saroya

Stablecoin Real Yield Found: A Deep Dive into On-Chain Reinsurance with Re's Karan Saroya As stablecoin supply exceeds $170 billion, the search for sustainable, non-speculative yield intensifies. Re, an on-chain reinsurance platform, provides an answer: connecting stablecoin capital to the trillion-dollar traditional reinsurance market. Re operates as a regulated reinsurer, accepting stablecoin deposits as collateral to back US insurance companies. These insurers pay premiums, generating yield that flows back to on-chain depositors. Currently supporting 35 insurers and underwriting $500 million, Re projects scaling to over $1 billion soon. Key insights from a Bankless podcast with founder Karan Saroya and investor Avichal of Electric Capital: 1. **Uncorrelated, Real-World Yield:** Re offers stablecoin holders access to reinsurance returns (targeting 12-14%+), an asset class entirely separate from crypto or equity markets. 2. **Operational Efficiency via Smart Contracts:** Re replaces traditional, labor-intensive capital fundraising with smart contracts, allowing a ~12-person team to compete with industry giants. 3. **Regulatory Leverage:** For every $1 of collateral, regulations allow backing $5-7 in written premiums. This leverage amplifies returns from the underlying risk-free rate. 4. **DeFi Integration:** Depositors receive receipt tokens, which can be used in protocols like Morpho for "looping," potentially pushing yields to 18-20%+. 5. **The "DeFi Mullet" Model:** A compliant front-end (regulated reinsurer) paired with a decentralized back-end (smart contracts, DeFi capital markets). 6. **RE Governance Token:** Modeled on Lloyd's of London, the token governs the central capital pool's allocation, counterparty acceptance, and parameters. 7. **Real Economic Impact:** Capital funds real-world productivity (factories, clinics, businesses) via insurance, moving beyond crypto's internal loops. The discussion highlights a pivotal moment: DeFi's supply-side infrastructure is now met by real demand for productive yield, potentially kickstarting a flywheel where vast on-chain stablecoin capital seeks these real-world returns.

链捕手Hace 14 hora(s)

Stablecoins Finally Find Real Yield: An In-Depth Look at On-Chain Reinsurance Re | A Conversation with Re Founder Karan Saroya

链捕手Hace 14 hora(s)

Trading

Spot

Futuros