Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
Note: This transcript was auto-generated from YouTube captions. It may contain errors and lacks speaker identification. A full Gemini audio transcript will replace this.
Kind: captions Language: en so recently this bitcoin thing um craig wright i don’t know much about it other than like one article i read i guess he’s an australian guy and he was being sued by this person who wanted a share of the money for what’s the story uh i don’t know about his lawsuit but i know about craig wright and that he basically for a long time has been claiming to be uh satoshi nakamoto so well so he claims to be the creator of bitcoin and then people who are smart in the community are like there’s no [ ] way so people but the this lawsuit basically he’s being sued by the spouse of someone this ma this craig wright had a partner the partner died and the spouse of the partner sued craig wright and craig wright won the lawsuit and winning for what uh she said that you owe me money because of this reason and that reason we created this you and my husband created this thing together you owe us some money and in winning i forget exactly how it worked but in winning the case the jurors said well no you’re satoshi and you worked on this alone and so uh like in order for him to win in a weird i don’t know the exact details but in order for him to win they were basically saying yes we believe you’re satoshi and satoshi worked alone so okay here’s here’s the story so uh kleinman versus wright the jury ruled that david kleinman’s relationship to craig wright did not constitute a business partnership meaning the estate was not entitled to a share of the satoshi nakamoto fortune which wright claims to have control over as the self-purported creator of bitcoin the jury ruled against wright on the conversion count awarding awarding 100 million dollars to kleinman what a rule against right yeah so he said they got 100 million out of it i don’t know because i thought he was celebrating it was a little confusing but the point was is that this like this legal team okay they wanted billions they didn’t get that but they got 100 million against him for the unauthorized use of funds from climate and wright’s shared venture wnk info defense research llc oh god this is from something else so did this guy the guy who started it that’s what i wanted so so basically um so he claims to have invented bitcoin then um there’s a great clip by the way of vitalik buterin the creator of ethereum uh co-creator of ethereum uh on stage and he goes uh there’s they were talking about it and usually people like you know like in a w in a conference panel people are usually pretty like you know they don’t take shots at people like live there and he just he just pipes because you want to know what i think and they’re like yes we’d love to know what you think he goes he goes um he gives this like quick like two-minute rant that just destroys craig right where he’s like i think if you’re the creator of bitcoin you have a v and everybody was saying you’re not and you keep trying to tell people you are all you have to do is one simple thing you just have to sign something with satoshi’s wallet and that will just show that you’re him and the fact that you’re not doing that like the you know he he calls some like some like you know awesome razer oxen’s razor or whatever like just some term like that he’s like the simplest explanation here is that you’re not satoshi because if you have a simple way to prove your claim and you do not prove your claim using the simple way you cannot prove your claim and um so you kind of just like [ ] on him right there so who crowd went wild so who is this you think is he he just died or he’s still quiet um the best theory is that it’s uh that it’s this guy hal i forgot his name is hal uh hal finney um this was so hal finney was like a cryptographer he received the first bitcoin transaction he was the like the second wallet and normally like what does a developer do when they test something that’s like oh i send it from like sean a to sean b like my test account basically like that’s how i do the first transaction and um he was like very active in the forums and then he died right around the time he got als and died around the time that the last known time that stoshi ever posted anything um so you know what he was like why wouldn’t he tell do you think he why wouldn’t he like tell his wife or his family or you know like because it looks like he has a wife on these pictures yeah well a maybe he did and b um like you know some people are so mission driven in their thing and they’re thinking and like you know there was a there’s a real genius of the idea of being like i’m gonna have this as a pseudonymous name satoshi nakamoto i’m not gonna use my real name which means i’ll never get the credit for being a genius if this works but also it like it’s kind of like the parent dies so the child can survive it’s like the only way a currency like this could have really worked is if you couldn’t point to the creator because then they would just attack the creator they would say the creator has too much they’d say this guy has a ulterior motives he has control he’s he’s too powerful to you know he’s just the new the new bad guy you know okay you’re bad at the federal reserve and the governments uh yeah now you’re mad at this guy for for private citizen being in control of this so do you think this is him i personally think it’s him um like i’ve looked into a couple times about like who are the most likely candidates um you know is it a group of people uh was it the government themselves was it one person and it does seem like it was like you know i guess like i shouldn’t say it does seem like it there’s really no evidence of the existing evidence that’s there this kind of like speculative data point you have how phineas fits the story in my worldview the best so i think it’s him god that’s i love these mysteries which would mean that it’s it’s sort of gone like his coins are locked up um unless he gave him to his wife unless he gave her the keys uh and like you know and she and told her don’t touch it because it hasn’t moved no not a single coin has moved uh ever and um you know i think if he did it let’s say he did give her instructions how would i give instructions i would say um i would probably not actually let her have it i would say this file is going to be available to you on this date um 20 years from now and i would say you know follow the instructions inside so i wouldn’t even give her the opportunity to make a bad decision because i would say if these move before bitcoin wins um then it’ll be this will be just very destructive for it like if the creator of bitcoin starts to sell bitcoin that will trigger like a huge sell-off in the market because it’ll be like oh the creator’s alive they don’t believe they’re selling their coins who is it it’ll create this like whole drama it’ll hurt the project but has any money ever left his account no not a single satoshi has ever left his account so then he would have had to have create a different account for her to live on or something yeah which could have easily happened right um you know at some point but you know people can also see the ledger so they know who all satoshi sent the they know which wallet satoshi sent coins to and um some of them are like known identities like the other people that were in this like crypto like the cypherpunk community that wanted to test out the project early on but like you know he very easily could have just had her set up mining a mining rig so it didn’t even have to come from his account he could just say because he didn’t give himself the coins he mined the coins sure it’s just that mining was so easy at that time so you know she could be minor number eight um you know that mine some coins and that’s it that’s she can live off that yeah god well we should see like you know house finney how’s she living is she like in a in a 40 million dollar home in venice i don’t even know if he i i mean there’s a woman with all these pictures with him like it looks like a wife i don’t even know anything about her i just googled it it doesn’t say anything about wikipedia about his wife um but oh yeah his wife yeah so he does have a wife yeah i’d be curious i’m looking at pictures of his house when he’s dying like pictures of him dying and he’s in his home it does not look fancy yeah yeah also als just looks so brutal man yeah it feels like the worst completely debilitated uh that’s really tough yeah so anyway that’s fascinating we should do like an entire episode on that that’s this [ ] is so interesting to me yeah i agree we should we should just do the research of like okay what is all the research that’s out there and like what’s the conclusion i think people are i’m fascinated by like this story i think it’s one of the coolest [ ] out of straight out of a movie but it’s actually real life things that has ever happened you know i like that and silk road but i think the silk road case is far more cut and dry than anyone thinks i think ross did it i think ross did everything right