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Wall Street Technologist Jerry Chan: Dr. Craig Wright is Satoshi

Written by:
C Costigan
Published on:
Nov/25/2021

The Ira Kleiman vs. Craig Wright trial is drawing to a close.  A Miami jury will soon decide the legal owner of nearly $69 billion in Bitcoin as well as the legal identity of Satoshi Nakamoto, author of the Bitcoin white paper.  Ira Kleiman's is the brother of a man Wright claims worked with him on the creation of Bitcoin.  Dave Kleiman passed away in 2014.

A former Wall Street technologist at oldman Sachs and Morgan Stanley, Jerry Chan, says he knows the true identity of Satoshi Nakamoto to be Dr. Wright, based on his own expertise of digital currencies and the conversations he has had with Wright which made Chan realize that "No one else has shown his (Wright's) level of knowledge”.

“I have been in the cryptocurrency world since 2000,” Chan said, “and I have been very involved since 2015. [Back then, I was] quite confused and unsure of the truth. But there was a big story that wasn’t being told. As chance and fate would have it, I now have a pretty good idea about what happened in that story five years forward. I met Dr. Wright at the Future of Bitcoin Conference in 2017 for the first time and he couldn’t stop talking about the technical aspects of Bitcoin.”

“I wasn’t prepared for the firehose of information Dr. Wright was constantly telling. Even though I sometimes wondered why he was saying some of the things, I took mental notes, and it turns out that a lot of things were very convincing, “ Chan said.

“[Dr. Wright] answered some of the most technical questions, like why only 21 million Bitcoin can be mined. His extensive knowledge of mathematics and statistics seemed plausible and the answers he gave to my technical questions are very hard to fake. Therefore, my confidence in him considerably improved after our second meeting.”

Dr. Wright once complained to Chan about how individuals were using payment channels and nSequence the wrong way.  This is where Chan says he became absolutely convinced that Wright was indeed Satoshi.

“Because I was working in the line of Bitcoin at that time. I never got a good answer from people who claim to be proponents of Lighting networks; they say decentralization is bad and creates global warming. I don’t think anyone has ever used or implemented nSequencing until very recently in BSV when someone invented a Bitcoin phone. It is a protocol over Bitcoin since you modify transactions increment, the nSequence, and pass it along and you never publish these signed transactions. And it was Dr. Wright who first told me that the notion of having signed transactions, but not published, is valuable.”

Chan was impressed that Dr. Wright was the first to say that offline transactions are valid transactions and that the protocol can’t change. “That made lot of sense,” Chan said.

Chan also recalled his fourth meeting when Dr. Wright spoke about SPV and how nobody understands the Bitcoin white paper. Dr. Wright outlined how SPV, as explained in the Section 8 of the white paper, will resolve problems of instant payments, but complained that no one has implemented a proper SPV.

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