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Computer Scientist Craig Wright claims he invented BTC wins trial, keeps $50 Billion worth of BTC

Computer Scientist Craig Wright says he invented BTC wins trial, keeps $50 Billion worth of BTC
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Computer Scientist Craig Wright claims he invented BTC wins trial, keeps $50 Billion worth of BTC.

Craig Wright, a computer scientist who claimed to be the inventor of Bitcoin(BTC) won a high-profile trial on Monday, allowing him to keep his tens of billions of dollars worth of BTC. Wright did not owe half of 1.1 million BTC to the family of David Kleiman, Wright’s former business partner, according to a Florida jury.

The case was highly technical with the jury hearing explanations of cryptocurrency’s sophisticated workings as well as the mysterious roots of how BTC came to be. Jurors deliberated for a week, constantly questioning attorneys on both sides as well as the judge about how cryptocurrencies function and the business ties between the two men.

The case revolves around 1.1 million BTC which are valued at almost $50 billion at today’s pricing. These were some of the first BTCs to be mined and they could only be possessed by people or companies that had been connected with the digital currency since its inception.The roots of BTC have always been a bit of a mystery which is why this trial has gotten so much media attention.

At the height of the financial crisis in October 2008, a person known only as “Satoshi Nakamoto” published a paper outlining a framework for a digital currency that would be decentralized and not be bound by any legal or governmental authority.

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A few months later, mining for the money began. The term “Nakamoto” which roughly translates to “at the center of” in Japanese, was never thought to be the genuine name of BTC’s developer. Some members of the cryptocurrency community doubt that Nakamoto was a single person.

Since 2016, Wright has claimed to be Nakamoto, a claim that has been regarded with suspicion by a large segment of the BTC community. Due to its nature, all BTC transactions are public and the 1.1 million BTCs have remained untouched since Wright’s big disclosure.

New York man released without bail after robbing a woman, then proceeded to rob another woman at same point hours later, still released without bail.

Members of the BTC community have repeatedly requested that Wright transfer a small portion of his holdings to a second account to prove that he is as wealthy as he says.

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In April 2013, David Kleiman passed away. His family, led by his brother Ira Kleiman has alleged that David Kleiman and Wright were close friends who collaborated to build BTC. Kleiman’s estate was seeking half of the BTCs as well as intellectual property rights.

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David Kleiman and Wright were friends and cooperated on work together, according to Wright’s attorney, but their cooperation had nothing to do with BTC’s inception or early operations.

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