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104

Craig Wright: Nigerian Prince-- and other unlikely stories

104
Posted by4 years ago
Archived

Craig Wright: Nigerian Prince-- and other unlikely stories

Last December the media again set itself aflame with claims of an "unmasking" of Bitcoin's creator.

As in prior events, the claims turned out to be untrue-- this time with the target seemingly having implicated himself with poorly backdated vague blog posts in order to advance a massive tax rebate fraud against the Australian Government.

After the journalists exited stage left, heads hung in shame (but, presumably, wallets fat with the largess of countless page-views) and the Aussie authorities moved in to settle accounts in the rebate fraud, most here likely expected that would be the last we would hear of Craig Wright. Sadly, it doesn't look like it.

During the last few months Craig and his accomplices have been very active quietly networking in the Bitcoin industry. Their pitch: Craig is the real thing and the press got it wrong. Their elaboration on the details would lower your IQ to hear it, so I won't bore you with it-- needless to say, few who are thinking critically and understand the technology would believe it and that's probably the point: it's a filter. If you do listen long enough you find out that Craig, earnest creator of Bitcoin, and true heir to a MILLION BTC apparently has some procedural issues with a trust securing his funds, which could all be resolved with a bit of money-- but unfortunately, the evil dictators controlling his country have frozen all of his money... and that's where you come in dear reader. You see, he just needs a bit of money to complete the paperwork to obtain the coins, and-- of course-- secure safe passage to freeer lands...

That's right-- It sounds like he's setting up a classic advanced fee fraud. Now before you think that no one would be foolish enough to fall for this, keep in mind that these scams play on ego, vanity, greed (or better-- desperation)... You, Captain of Bitcoin Industry (or intrepid journalist) are being taken in Confidence by the mysterious Creator of Bitcoin-- inconsistencies in his story are to be expected, after all, mysterious is part of the job description!-- he happens to share all your views and concerns on Bitcoin, considers your own efforts important, and now he just needs some modest funding, and in return he eagerly wishes to invest in your (now starving for investment) Bitcoin Venture. You deserve a break and HE is putting his trust in you because you are very important and trustworthy. Of course, for security reasons-- and not to mention the unlawful flight from authorities-- you must keep this all completely confidential. (And especially don't discuss it with someone that might talk some sense into you!)

Laid out like this it sounds stupid, but people-- including some "big names" (if not ones respected in this subreddit) appear to have fallen for it. The important thing is, you don't have to join their ranks.

The pool of the best targets-- the ones with the easiest egos to stroke and the greatest access to funding-- is running dry and Craig is apparently taking his act on the road, metaphorically, to reach a wider audience. If someone approaches you, pause to apply some judgement. Think: if you were to read about someone else believing the story you're being told, how foolish would you think they are?

As for those who've already been taken: You're not the first person to get ripped off in the land of Bitcoin or through advanced fee fraud. Cut your losses and try to avoid embarrassing all of us.

32 comments
83% Upvoted
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level 1
24 points · 4 years ago

Do you have anything to back this story up, eg: named sources, links to examples, or... anything really?

level 2
Original Poster16 points · 4 years ago

If/when the information becomes useful to you, you will know it.

level 2
2 points · 3 years ago · edited 3 years ago

Yeah, this reads like someone feeding r/bitcoin what they already think. Take some speculation that Wright has been scamming everyone by soliciting investment based on a fake trust, use the FT article rumor about how Wright will be announcing things to assure everyone that 'you'll know soon', add some Internet references, and assure everyone that it's based on 'sources'.

Even now, with Wright's failed coming out, there's still not a single person who has admitted to giving him money for shares of his trust or to invest in his companies. Don't you think Gavin, at least, would be furious and has enough money to disregard a NDA and expose Wright's criminal fraud as a defense? Well done, OP...? At what point does one conclude that Wright is not running a generic advanced fee scam but it was all the R&D tax credit scam?

level 2
3 points · 4 years ago

I have heard much of this (though not all) from other sources. I suspect this story will break in the next week or two. We talk about this on this week's bu podcast

level 2
1 point · 4 years ago

Good, look forward to hearing whatever comes out.

level 1
9 points · 4 years ago

It'd be pretty easy to convince everyone he's Satoshi. He's got some very special private keys if he is. If he doesn't, there's no way he'll convince the public that he is.

level 2
Original Poster5 points · 4 years ago

The "story" answers every possible question.

The other one is that if he reveals himself in public the goverment will take all his money before he can use it to pay you, ... you see.. so he has to be very careful.

Plus the magic PGP key is actually in the trust, so he does not have access to it; but here is this other PGP key which is just as good. It is all magic to people who are not crypto experts.

level 2
1 point · 3 years ago

Good call.

level 1
7 points · 4 years ago

A Nigerian scam uses any plausible ruse and story. Does not mean that he is in on it.

level 1
7 points · 3 years ago

Meanwhile nearly a month later, and nary a peep.

level 2
21 points · 3 years ago

hehe 5 days too early mate.

level 2
1 point · 3 years ago

lol

level 1
11 points · 3 years ago

In hindsight this post was very insightfull and predicts exactly what has happened over the course of the last week. I wish that Gavin and Jon Matonis had read this post. This would have avoided a lot of embarrassment.

level 2
2 points · 3 years ago

Heh. Unless they were among the people who helped fund him privately, if they really did truly believe he is Satoshi. At which point they're really invested in it being true... and tragically, conflicted.

COMPLETE speculation, btw. And hopefully no one gave him any money at all (aside from the 5 Sterling, of course).

level 1
5 points · 4 years ago

nothing to do with him, someone else is likely using the story.

level 2
Original Poster4 points · 4 years ago

Not so.

level 1
2 points · 4 years ago

What we seem to have most of is a series of attacks with little if any truth on any side.

Has anyone even validated the "evidence" or are we all to trust those with a vested interest in not having Satoshi back.

I have not seen the slightest evidence that Wright is actually seeking funding. Not prior nor now. Accusations are flying around and it seems mud sticks as the answers are not being supplied and fall into a black hole on the other side.

As a flip side, I wonder what people would think if it turned out that Wright was not seeking funds at all. What if this is not some grand plan. Then what?

level 2
3 points · 3 years ago

/u/logicgates1, you are a Craig Wright sockpuppet.

level 1
1 point · 4 years ago

So how much will he give me if I spot him 100 BTC? I would need at least 100K BTC. I think its fair.

level 1
1 point · 3 years ago

This post is bullshit. That is clearly not what Craig Wright wants. See interview https://youtu.be/dZNtbAFnr-0?t=3m14s

"I'm happy where I am. I am not looking for money. I don't want money. I don't want help. (...) If anyone puts me up for awards or anything like that, I will never ever accept a cent, ever! If you put me up for a Nobel Prize, if you put me up for an ACM turing medal, if you put me up for some honour, I will never accept a cent from any of you." - Craig Wright

level 1
1 point · 3 years ago

I think runtrage is Satoshi.

Respect. Either way.

level 1
1 point · 3 years ago

What are the chances of k5 getting the archives up? I want to read a post in particular. Maybe you could help me with that.

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