Forwarded from Ryu
Bitcoin podcasterPeter McCormack has sought for a deadline extension to file his defense against thelibel claims filed by Dr. Craig Wright.
The host of the What Bitcoin Did podcast initially had until June 13 to respond to Wright’s libel claims, but his lawyers have requested the court a 28-day extension on his behalf citing the hospitalization of the lead partner at RPC as part of the reason for the delay.
Wright’s legal representatives have agreed to McCormack’s request as long as the podcaster shouldered the costs of the application to get a court order. McCormack agreed, and would also pay Wright’s “reasonable costs” resulting from his application for a deadline extension. The costs, while not expected to be substantial, might still take a chunk out of McCormack’sdefense funds, which he planned to raise via crowdfunding.
McCormack now has until July 11 to file his defense.
The host of the What Bitcoin Did podcast initially had until June 13 to respond to Wright’s libel claims, but his lawyers have requested the court a 28-day extension on his behalf citing the hospitalization of the lead partner at RPC as part of the reason for the delay.
Wright’s legal representatives have agreed to McCormack’s request as long as the podcaster shouldered the costs of the application to get a court order. McCormack agreed, and would also pay Wright’s “reasonable costs” resulting from his application for a deadline extension. The costs, while not expected to be substantial, might still take a chunk out of McCormack’sdefense funds, which he planned to raise via crowdfunding.
McCormack now has until July 11 to file his defense.
Forwarded from CSW. 300 Articles (@RamonQuesada)
Reversing Illicit Transactions on Bitcoin Is Simple.
By Craig Wright
24 Jul 2019 |
https://craigwright.net/blog/bitcoin-blockchain-tech/reversing-illicit-transactions-on-bitcoin-is-simple/
By Craig Wright
24 Jul 2019 |
https://craigwright.net/blog/bitcoin-blockchain-tech/reversing-illicit-transactions-on-bitcoin-is-simple/
Forwarded from Jaimeˢᵛ
Demoledor.
A court order can force a transaction to be invalidated. A court order can change the nature of the blockchain and require that the UTXO set is updated.
If the US Justice Department determines that a ‘large’ Bitcoin address has been associated with illicit activity, it can get an order in a global court to freeze the respective address.
An immutable blockchain does not mean it can’t be changed.
The process is simple,
You don’t delete a record, you record a transaction saying why and how the record has been updated. It is nothing new in accounting. And it is something that is easily promulgated through courts and can be enforced by governments.
Small transactions across addresses and templates that are under a threshold which makes them economically non-viable to chase will not be altered. But, large transactions across addresses will be.
A court order can force a transaction to be invalidated. A court order can change the nature of the blockchain and require that the UTXO set is updated.
If the US Justice Department determines that a ‘large’ Bitcoin address has been associated with illicit activity, it can get an order in a global court to freeze the respective address.
An immutable blockchain does not mean it can’t be changed.
The process is simple,
You don’t delete a record, you record a transaction saying why and how the record has been updated. It is nothing new in accounting. And it is something that is easily promulgated through courts and can be enforced by governments.
Small transactions across addresses and templates that are under a threshold which makes them economically non-viable to chase will not be altered. But, large transactions across addresses will be.
New drop https://www.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.253.0.pdf
CourtListener
Order on Letter Rogatory – #253 in Kleiman v. Wright (S.D. Fla., 9:18-cv-80176) – CourtListener.com
REQUEST FOR INTERNATIONAL JUDICIAL ASSISTANCE. Signed by Magistrate Judge Bruce E. Reinhart on 7/22/2019. See attached document for full details. (ar2) (Entered: 07/24/2019)
"...Bitcoin isn’t designed with government as a threat, it’s designed to work within global legal systems. It incorporates many of the requirements of legislative processes such as Sarbanes Oxley and FINRA".
https://craigwright.net/blog/bitcoin-blockchain-tech/spam-away/
https://craigwright.net/blog/bitcoin-blockchain-tech/spam-away/