GQ’s Bitcoin article: Inside the £8 billion swindle

British-GQ-September-2016-463x600-9051798I don’t get it.

On its September 2016 cover, British GQ labels Craig Wright’s claim to be the inventor on Bitcoin a swindle, but then inside the author is still falling for parts of Wright’s con — the main one being that the late Dave Kleiman is a computer genius who could be the elusive Satoshi Nakamoto.

Pretty much everything we know about Kleiman comes from Wright and shouldn’t be trusted. There is absolutely nothing concrete to suggest Kleiman is the Bitcoin inventor. It’s almost comical when, along with the Wright claims about Kleiman, GQ cites the fact he was a guest commentator on security issues on CNN and ABC, that he had a lot of certificates from various courses he’d taken, and that he lived in the eastern US time zone as reasons for why he could well be Satoshi Nakamoto.

It’s just bizarre how much people want to believe this Wright and Kleiman tale when there’s zero proof to back it up and lots of evidence that Wright is a serial liar and a belligerent fool. As for Kleiman, I do not wish to suggest in any way that he is part of this con. He’s dead and can’t speak for himself, which makes it very easy for others, like Wright, to speak for him.

The GQ article doesn’t name Wright’s backers apart from Robert MacGregor, who seems to have been appointed as the public face of the operation. MacGregor may still be working for online gambling tycoon, Calvin Ayre, who was his boss when he was employed by Riptown Media in Vancouver last decade. Neither he nor Ayre responded to emails requesting comment about their relationship.

At this point, I still don’t know if Wright fooled Ayre and MacGregor, and if they really paid him $15 million, as the LRB maintains, and set him up with a team of 30 employees, as Wright claims in GQ. Sure Ayre’s a gambler but putting a guy who conducts himself like Wright does in charge of anything seems like a really, really stupid bet. And it’s weird that Wright says he didn’t want to come out as Satoshi while sources are telling GQ he was forced to do it by his backers. There just seems to be a whole lot of image and story crafting going on.

I’m still not sure what the real story is supposed to be, but I have a feeling it will all be told eventually. The GQ piece isn’t online yet. It’s only available in print. However, the magazine did post stunning audio of Wright’s foul mouthed tirade when he was confronted last May with the fact that his “proof” that he created Bitcoin was less than convincing.

GQ interview: Is Craig Wright the bitcoin genius? from Joseph Ingham on Vimeo.

Questions re that London Review of Books article on Bitcoin

So I finally read the London Review of Books’ magnum opus on Craig Wright, apparent pretender to the Bitcoin throne. I had never bought that Wright invented Bitcoin and the article — all 35,000 words of it — did nothing to convince me otherwise.

wright_twitter_profile

Wright had always struck me as a self promoter not a self effacing type prepared to forego the praise and attention lavished on brilliant inventors. He also seemed very concerned about his image as projected by his clothes and the photos he used to represent himself. Modest types don’t tend to call themselves “Dr.” and show themselves off in evening wear on social media.

The whole Canadian investor thing didn’t sit right either. Robert MacGregor and his company nTrust say they are in the “cloud money” business, but when I looked at their website, MacGregor was no longer listed as CEO. Nor could I figure out what exactly nTrust did and why it would be beneficial to use it. It certainly didn’t strike me as a company making so much money that its CEO would have $15 million to invest in bailing out the broke supposed inventor of Bitcoin. (nTrust apparently set up nCrypt, a new subsidiary to handle at lease some of the Bitcoin business.)

I also found it strange that while the LRB strongly hints at the involvement of Calvin Ayre in this whole Wright/Bitcoin affair, it didn’t mention that MacGregor too has ties to Bodog and Ayre going back years.

MacGregor worked at the Bodog affiliate, Riptown Media, in Vancouver for years. When he set up nTrust, it was with a group of former Riptown employees. nTrust also appears to have ties to Ayre. When police raided Ayre-linked companies in the Philippines in 2013, Robert MacGregor’s name was listed on the search warrants.

The Manila Times reported that nTrust, also known as Fenris Ventures, was suspected by Filipino police of being a front for Ayre’s illegal gambling operations. Ayre flatly denied all accusations of wrongdoing and took prosecutors and police to court, claiming there was no basis for the warrants. The Philippines appeals court recently ruled in his favour that it was an illegal search and seizure operation.

That’s about the extent of what I know for now but if you have further information I would love to hear from you. The Bitcoin inventor saga fascinates me and I would like to know more about the relationships between Robert MacGregor, Craig Wright, Stefan Matthews and Calvin Ayre.

The big question in my mind and for now is whose idea was it that Craig Wright should claim he invented Bitcoin?

ann.brocklehurst@gmail.com