/biz/ - Business & Finance

Judge Reinhart, you’re no Satoshi Nakamoto

Wright, who claims to be Nakamoto, takes exception to Reinhart’s statement that it is “inconceivable” that anyone would simply lock away something worth a fortune.

The real problem, he argued, was that the judge wasn’t able to understand his unique life experience. Specifically, that anyone would set up a system in which they could lose “billions… if [a] bonded courier does not appear” with the encryption keys to the 1,000,000-bitcoin Tulip Trust.

Noting that Reinhart came to the “conclusion [that this] defies ‘real-life experience,’” Wright’s lawyers argued that the “[o]rder fails to consider that the Magistrate’s life experience and, frankly, most people’s life experience, may not correspond to that of the inventor of Bitcoin.”

“Dr. Wright unequivocally testified in detail as to why he was unable to comply,” the filing said. “The algorithm necessary to generate a complete list of his Bitcoin public addresses is in an encrypted file that is protected by a Shamir encryption scheme… . To unlock the encrypted file, Dr. Wright would need at least 8 of the 15 key slices, but he has only 7.”

The rest of the keys will not be returned to him until, Jan. 1, 2020, Wright has said.