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by meowfly 636 days ago
It looks like the UK is considering perjury and I hope they follow through and are aggressive on it.

We can't have incentive structures where the upside is becoming fabulously rich but the downside is a slap on the wrist.

1 comments

There was no potential upside of becoming fabulously rich. Nobody can “extract” those keys.
No need to extract keys, the Bitcoin devs could just change the code. Even lock up the original and mint new ones for Craig. It's just code in the end.

Similar to how Eth changed the code to nullify the DAO hack.

The Ethereum DAO rollback fork was (for better or worse) widely supported by the community. It's not likely that a court-ordered fork to reassign Satoshi's coins to Wright would have anywhere near the same level of support.
But if it were to happen, what are the chances a fork of Bitcoin (that doesn’t respect this ruling) becomes more mainstream than Bitcoin?

Less than 10%, and that’s generous.

I see it the other way. 10% chance that the Craitoshi fork of BTC becomes mainstream.
Agreed.

I was the one to bring up the DAO, but the situation is completely different when you get into the details.

The DAO was hugely hyped by early eth adopters. If you were into eth, you were into The DAO. For the DAO to be hacked was like eth being hacked. When vitalik and the eth devs supported it, it was easy for the community to fall in line.

Any Craig shenanigans would have absolute 0 support and be the exact opposite.

It's my understanding that simply changing the code doesn't really have an effect until all the nodes in the system update to use it.
Sue them all.
It only works if traders also continue to accept such coins as payment, which they probably wouldn't.
His plan was to sue everyone into using his fork.