[Cryptography] Craig Wright

[iang]

Not wishing to get dragged into this silly discussion... but!!


On 02/02/2022 22:34, Matt Corallo wrote:
>
>
> On 2/2/22 11:49, Donald Eastlake wrote:
>> I'm not sure how well known this is:
>> https://www.cnbc.com/2021/12/06/miami-jury-rules-in-favor-of-craig-wright-bitcoin-claimed-inventor.html 
>>
>
>
> This is incredibly strange reporting.
>
> Normally, when one party sues another they include a litany of 
> accusations, only expecting to win on one or another, and if they win 
> on only one or another and are awarded *$100 million* in damages from 
> a private party, that is reported as a massive loss for the defendant.


One would think, but nothing in the Kleimann case is simple, perhaps bc 
of the remarkably big amounts of money that the plaintiff was asking for 
- like half of the SN 1.1 million coins.

In practice, it is a huge loss to plaintiffs & big win to defendents.  
In part this is because the one awarded damage is conversion, which is a 
loose sort of claim, basically "you made a mistake, now rectify it" so 
put the $100m back.  Fine, from defendent's pov, he can do that, bc he's 
got that sort of wealth.

In next part bc the company that has "won" the damages of $100m is also 
itself subject to litigation in nearby courts as the company itself is 
only 25-33% owned (varying claims) by the Kleiman estate (allegedly) and 
the rest is owned by interests closer to Wright.  So maybe only a part 
of the $100m will make its way to the Kleiman estate, assuming these 
claims are real.


> Here that exact outcome is being reported as a "win" for the 
> defendant, seemingly in large part just because the defendant is 
> claiming it as a win (despite the accusers also, seemingly rightfully, 
> claiming it as a win).


And somewhere else there is a suggestion that the legal costs of the 
Kleiman legal team are well north of $20mm and unlikely to be shrinking, 
as they're fighting on and asking for a retrial... do the math.

Also, NB, it is entirely likely that the 'loser' whichever that is, will 
appeal, so whatever was said in local court could change...

PS: For those who are obsessed with moving coins, I did actually write 
something a few years back here: 
https://www.metzdowd.com/pipermail/cryptography/2016-May/029323.html

PPS; I don't have a dog in this fight, and I don't care overmuch who 
pays what. I'm just reading the case like everyone else;  from the 
beginning, I felt that Kleimann estate didn't have much of a case.  Now, 
the jury returned "don't have much of a case." I was a bit surprised, 
with all that effort Kleimann should have turned up more, but nope, SFA.


iang