Bitcoin ‘Ponzi Scheme’ Will ‘End Very Soon’: Craig Wright
Originally published on: CCN Markets
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August 02, 2019
In a foreboding August 2 blog post, Wright says the grifters in the crypto space are gasping their last breaths because their house of cards will soon crumble.
“We are seeing the final desperate efforts of a bunch of conmen and felons who seek to maintain the criminal empire that they have built using cryptocurrency. They promote false news and ‘sybil’d’ accounts. And people lap it up thinking that they will get rich quick in the Ponzi scheme that has been promoted as crypto and Bitcoin. But all of it will end soon.”
Wright: I will decimate all my enemies
Wright is doubling-down on a prior blog entry, where he torched crypto evangelists Roger Ver, Vitalik Buterin, and Binance CEO Changpeng Zhao as shills who are projecting their own criminality onto him. Wright said those who attack him as a fraud are doing so to deflect attention away from their own shady dealings.
In his latest blistering salvo, Wright took aim at those who deny that he is bitcoin inventor Satoshi Nakamoto. Wright says while his “slimy and cowardly” enemies are lobbing personal attacks at him, he’s calmly facing them down in court, one-by-one.
Wright: Do not believe the lies on social media
Wright warned the crypto community not to believe the lies being told about him on Twitter and social media because those forums are cesspools of “lies and innuendo.”
Wright says he chooses to face his opponents in court because that’s what civilized people do. But in the end, he vows that “the lazy cowards are coming to the end of their time.”
Craig Wright: I will destroy all your false crypto gods
Wright then pledged that he would prove once and for all — in a court of law — how exactly he created bitcoin. In so doing, Wright says he’s “going to tear apart all of your legends in court. Every one of your so-called possible Satoshis.”
Wright says he relishes the opportunity to “systematically destroy” the shills who have “corrupted my creation and turned the derivations of Bitcoin such as BTC into a continuous and falsified system designed to promote fraud and Ponzis.”
Wright: Prepare for a bitcoin bloodbath
Wright is embroiled in a $10 billion lawsuit filed against him in 2018 by the estate of deceased computer genius Dave Kleiman. The estate wants half of the 1.1 million bitcoin that Wright and Kleiman allegedly mined together before Dave’s 2013 death.
While the bone of contention in the Kleiman lawsuit is the $10 billion bitcoin stash, the litigation is important because it’ll uncover the truth about Wright’s claims that he invented bitcoin.
As CCN reported, when Wright first appeared in court on June 28, he told Judge Bruce Reinhart that he couldn’t access the enormous bitcoin trove that he and Kleiman had mined together. Wright claimed this is because the holdings are being held in a blind trust, and he doesn’t have all the requisite keys to access them right now.
However, Wright says the entire 1.1 million in bitcoin “will be returned” to him on January 1, 2020. In his latest blog post, Wright says that in 2020, he’ll gain access to his bitcoin holdings and will pay a massive tax bill.
“Unlike many people in the Bitcoin and associated copy-coin industry, I have no intention of hiding my taxable income or capital gains from the government and not paying tax.”
After that happens, Wright warns the crypto industry to prepare for a potential bitcoin apocalypse. He suggested that as a bitcoin whale, he might topple the entire market.
“Bitcoin can be seized,” Wright warned. “In the coming year, you’re going to learn just how fragile the house of cards that is a criminal system built upon Bitcoin or any other cryptocurrency really is.”
Craig Wright is next scheduled to appear in Florida federal court on August 7.