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.