Bitcoin [BTC]: Florida Court subpoenas developer in Kleiman estate lawsuit against nChain’s Craig Wright

The lawsuit filed by the Kleiman Estate against Craig Wright took a new turn after Jeff Garzik, an early Bitcoin [BTC] developer and adopter, revealed he was subpoenaed by the US District Court of Southern Florida.
Garzik revealed that the court asked him to present any evidence to support the claims made by Ira Kleiman, sister of the late David Kleiman, who many claim was Satoshi Nakamoto. After receiving the subpoena, Garzik tweeted,
“You got served. The Bitcoin lawsuit drones on. In the interest of radical transparency, here’s the subpoena that just arrived for me.”
The subpoena requested Garzik to reveal any information that the developer may have come across over the years, for the benefit of the Kleiman estate and the court council. There was also a specific mention of an article written by Garzik on David Kleiman, which said,
“My personal theory is that [Satoshi Nakamoto] is the Floridian Dave Kleiman. It matches his coding style, this gentleman was self-taught. And the Bitcoin coder was someone who was very, very smart, but not a classically trained software engineer.”
Garzik’s subpoena further asked the developer to disclose any communication between him and Satoshi Nakamoto, as well as any links to the Tulip Trust or the GICR Trust.
In the original lawsuit, the Kleiman estate claimed that Craig Wright, the current chief scientist at nChain, defrauded David Kleiman and stole his assets, speculated to be close to $1.1 billion. Wright did not take the allegation sitting down and had filed a dismissal appeal. A court document file in Florida stated,
“Here, the Court finds that Plaintiffs have sufficiently alleged a claim for conversion. The Amended Complaint alleges that Defendant converted at least 300,000 bitcoins upon Dave’s death and transferred them to various international trusts, which was an unauthorized act that deprived the Plaintiffs of the bitcoins therein. Accordingly, Plaintiffs’ claim for conversion (Count I) survives Defendant’s Motion to Dismiss.”
Wright’s attorney also rebutted the claims made by Kleiman and stated,
“There was no written partnership agreement between Dr. Wright and David Kleiman and/or W&K Info Defense Research, LLC.”
The post Bitcoin [BTC]: Florida Court subpoenas developer in Kleiman estate lawsuit against nChain’s Craig Wright appeared first on AMBCrypto.
Source: AMB Crypto

VeriBlock ‘Spams’ Bitcoin Network to Secure Blockchains of Other Cryptos

CoinSpeaker

VeriBlock ‘Spams’ Bitcoin Network to Secure Blockchains of Other Cryptos

On October 22, 2013, Bitcoin Core developers merged pull request to accept OP_RETURN as a valid transaction type, providing users with 80 bytes of space for embedding arbitrary data. OP_RETURN enables users to mark transaction outputs as unspendable.

VeriBlock ‘Spams’ Bitcoin Network to Secure Blockchains of Other Cryptos

Continue reading at Coinspeaker
Source: CoinSpeaker

Early Bitcoin Pioneer Speculates Who Nakamoto Is, Gives $100 Million in Asset Away

Jeff Garzik, an early pioneer of Bitcoin, has revealed that he’s given away over $100 million worth of the asset, but has no regrets about it.
Giving Money to Something He Believes In
Garzik has been in the space since 2010 after reading a blog post about Bitcoin. Writing code for it, he soon became the third-biggest contributor to Bitcoin after Satoshi Nakamoto and Gavin Andresen.
However, in a report with Bloomberg, the Bitcoin pioneer notes that the currency is not what he thought it would be. Yet, despite this, he’s proud of what has been achieved so far. So much so, that in a bid to spur software work on he gave 15,678 Bitcoins away about seven years ago in developer bounties. At current prices that’s around $100 million.
Garzik recalls that when Bitcoin reached $1 in 2011 a party was held to celebrate the milestone, adding “it was a question whether this thing would survive at all. And there’s no question of that today.”
Yet, while Nakamoto’s idea of Bitcoin being used as private money hasn’t materialised yet, Garzik is fine with it being treated as a store of value.
“It is an organism, it’s something that evolves,” he added. “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very early days: getting merchants to accept Bitcoins. But on the store-of-value side it’s unquestionably a success.”
Related Reading: Jeff Garzik Builds “Thousand Year Cryptocurency”
Will the Real Nakamoto Please Stand Up
Having worked closely, if only online, with Nakamoto, Garzik thinks he knows who it may be.
Speaking of the late Floridian Dave Kleiman, he said that this “this gentleman was self taught” and that it “matches his coding style.” He went on to add that:
“…the Bitcoin coder was someone who was very, very smart, but not a classically trained software engineer.”
Kleiman, who was wheelchair-bound after a motorcycle accident, died in 2013 after suffering an MRSA infection. He was a former Florida sheriff’s officer who became a computer forensics expert. Notably, Australian Craig Wright, who claimed he was Nakamoto in 2016, is being sued by the Kleiman’s estate for allegedly stealing billions of dollars worth of Bitcoin and intellectual property from Kleiman.
According to a report from February, Kleiman and Wright had partnered to mine Bitcoin, owning and controlling over 1.1 million Bitcoins between them. However, a lawsuit filed in February suggests that Wright was plotting to swindle Kleiman out of his Bitcoins and intellectual property.
In 2011, the pair founded a Florida-based company called W&K Info Defense Research LLC, which was engaged in Bitcoin mining and research. According to the lawsuit, Kleiman owned between 50 and 100 per cent of W&K. It adds that the Kleiman estate owns the rights to $5,118,266,427.50 worth of Bitcoin and IP rights.
Yesterday, Roger Ver, an advocate behind Bitcoin Cash, posted a video on YouTube, alleging that he’d received an email from Wright claiming he was Nakamoto and that he would crash the value of BCH.
Featured image from Shutterstock.
The post Early Bitcoin Pioneer Speculates Who Nakamoto Is, Gives $100 Million in Asset Away appeared first on NewsBTC.
Source: New feedNewsBTC.com