Bitcoin: Satoshi Nakamoto’s wallet – proof of ownership was deliberately destroyed

© Reuters – Australian Craig Wright is once again trying to prove in court that he is Satoshi Nakamoto, the inventor of the . In 2016, he managed to convince the designer of the bitcoin core, Gavin Andresen, of this.

Andresen had then written a blog post in which he wrote that Wright had proven to him that he was Satoshi Nakamoto. To prove this, Wright signed a message chosen by Andresen with the private key of the first block created on the Bitcoin blockchain. Gavin received the signature on a thumb drive, then verified it on a brand new laptop with Electrum.

From his point of view, the proof was thus provided and he shared his conclusions on the Internet. At that time, he didn’t care that Wright didn’t want to leave him the flash drive or the laptop. Wright explained this by the fact that he wanted to avoid information being made public before the official publication.

When Wrigh presented the evidence that he was Satoshi Nakamoto to the public, Gavin still began to have doubts. As part of the Kleinmann v. Wright lawsuit, he said in June 2020 that he may have been cheated in 2016:

“My doubts stem from the fact that the evidence presented to me is very different from the pseudo-evidence that was subsequently presented to the world.”

After Wright successfully filed a lawsuit against several bitcoin developers in the London Court of Appeal on February 3, 2023, Gavin spoke up again. He wrote an update to a blog post from 2016, which reads:

“It was a mistake to trust Craig Wright as much as I did.”

Wright is trying to obtain by court order that the developers be forced to integrate a recovery function into the Bitcoin code. He wants to gain access to Satoshi Nakamoto’s wallet, which contains 111,000 bitcoins. He claims not to have access to his own wallet, as he is no longer in possession of the private key.

In another court proceeding, in which Wright defended himself against the charge of being a con artist, he said he deliberately destroyed the hard drive containing the private key. He wanted to avoid being forced to provide clear proof that he is Satoshi Nakamoto:

“I didn’t want to support the discussion that keys are needed to confirm identity. Yes, you could argue it’s a risk, but I think it’s the most important thing I’ve ever done. in my life”.

Bitcoin price technical benchmarks

Bitcoin is currently up 0.21% with a price of $22,908, while the weekly loss stands at -0.09%.

On the daily close, the cryptocurrency confirmed support at the 38.2% Fibo retracement at $22,771. A recovery towards the 23.6 percent Fibo retracement of $23,319 remains possible. If this resistance is sustainably broken, then focus will shift to the recent high of $24,207.

Bitcoin (BTC/USD) 4-Stundenchart

If the bulls fail to defend the 38.2 percent Fibo retracement, expect losses towards the 50 percent Fibo retracement of $22.327 and the 61.8 Fibo retracement for cent of 21,883 dollars.

By Marco Oehrl

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