🧠 They're afraid (and that's good)

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Good morning - Arsen here. ☕

Welcome back to Bitcoin Therapy. The newsletter that’s like popping bubble wrap. Very satisfying, and you’re sad when you run out.

First, happy and relaxing Sunday to 3,384 patients reading today. 👋 

I’m sending this week’s email from the sunny beaches of Mauritius 🇲🇺 🍸

Also, I recently started a ‘100 push-ups per day until 100K Bitcoin’ challenge. My arms are killing me.

You can follow my progress and shame me for bad form on Twitter.

Alright, here’s what I got for you this week:

  • Faketoshi gets publicly humiliated

  • Europe wants to ban bitcoin (again)

  • You can now study Bitcoin at Cornell 🎓

Estimated read time: 3 minutes and 50 seconds

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Craig Wright.

A name many of you unfortunately know.

Yes, I’m talking about the same guy who:

  • Sued 16 Bitcoin developers for not changing the code to his liking

  • Sued private people for libel (aka calling him a fraud)

  • Issued a bounty to identify the pseudonymous Twitter user Hodlonaut

  • And did a lot of other shenanigans

Well, it looks like the Faketoshi drama is finally coming to an end:

  1. Craig has been denied the final appeal by the Supreme Court in the Craig Wright vs. Peter McCormack case

  2. COPA (Crypto Open Patent Alliance), an organization created to fight fraudsters like Craig Wright, has refused his last-minute settlement offer

It’s becoming very obvious how the COPA trial will end.

After all, we’re talking about a guy who:

  • Is infosec Ph.D. (allegedly) and yet gets repeatedly hacked

  • Claims to own coins he cannot move

  • Attacks developers of a project he open-sourced

  • Has more document forgeries than fake degrees

The case is lost for Faketoshi.

Before the court, people speculated on the ways Fakeotoshi could weasel his way out of coming:

Here are my favorites:

  1. Will claim hackers stole his car keys

  2. Will claim he invented a time machine and got stuck in another time period

  3. Fell on a banana peel planted by COPA

  4. He’ll claim he is insane (kinda true, anyway)

  5. Performs a Seppuku (impossible because that requires you to have honor)

But as it turned out, Faketoshi turned up on the day of judgment.

Here are the most hilarious bits from the 6-day lengthy cross-examination:

  1. Craig claimed COPA’s lawyers hacked him

Or, since the wifi is open at the lawyers’ office, someone else might have done it (and for some reason used their wifi 😂)

  1. A lot of Craig’s documents were confirmed to be forgeries (and not even good ones)

Even Craig’s own forensic experts agree the documents were fake.

Craig’s response?The experts are incompetent and don’t share my knowledge about digital forensics.”

Either Craig is executing some master plan by playing 7D chess, or he is just delusional.

  1.  Craig claimed that because no one with the right qualifications has come forward and claimed to be Satoshi, it’s evidence it must be him.

Interesting logic.

So because I’m hairy, like chocolate, have big ears, and no one else has claimed to be the Easter Bunny…it must be me? 🐰

Here’s a TLDR from the trial: “Mr. Wright, you’re just making up these allegations as you go along, aren’t you?”

Here’s how the case should’ve played out:

  1. Judge: “Can you sign a transaction with Satoshi’s Bitcoin address?”

  2. Faketoshi: “No”

  3. Judge: “Case closed”

Anyways. It’s good to see this case end with very public exposure of this fraud.

Also, a massive shout out to Hodlonaut and Peter McCormack for enduring this and never submitting to Faketoshi’s bullying.


It’s 2023. Everything you do is being monitored.

That one time you ran out of toilet paper and had to choose between your socks and a T-shirt? Yup, they saw that too.

You can’t undo that incident but can achieve Bitcoin privacy by coinjoining your BItcoin.

This blog explains why it’s essential for keeping your Bitcoin private and thus SAFE.

I recommend Wasabi Wallet for this. Here’s why:

  1. Beginner friendly

  2. Privacy by default

  3. No minimum coinjoin amounts

What are you waiting for? Take back control of your privacy and freedom.

250,000+ Bitcoin turned private - Download the wallet at wasabiwallet.io


3 things are certain in life:

  1. Death

  2. Taxes

  3. EU wants to ban Bitcoin

Yes, the European Union, European Central Bank, and the European Commission have been hard at work spewing misinformation about Bitcoin.

Dozens of false reports, smear campaigns, and ridiculing tweets. The evidence is all there.

The issue? It's all legal speak and made confusing on purpose.

This is why it’s good we have organizations like ODF (Open Dialogue Foundation), who have been going through all the docs for the last 18 months.

Here are the key takeaways:

  1. Bitcoin is bad for the environment

  2. Bitcoin needs a carbon tax

  3. Bitcoin is for criminals

  4. Bitcoin is a threat to Europe’s energy security (i.e., the state can shut down mining operations at will)

Translation: we don’t like Bitcoin, and we want to ban it

This is sad but nothing new.

The disrupted always attacks the disruptor:

  • The candle industry attacked the electricity/lamp industries

  • The print industry attacked the Internet

  • Hotels attacked AirBnB

  • The horse/cart industry attacked automobiles

  • Creatives are attacking AI

I think you get the point.

I can clearly see 2 very different alternatives: CBDC or Bitcoin.

Let’s rank both fighters - video game style.

Limited supply

Bitcoin - ⭐⭐⭐⭐⭐



Bitcoin - ⭐⭐⭐⭐⭐



Bitcoin -


Bitcoin - ⭐⭐⭐


Pick your fighter wisely.

PS: as you can see, Bitcoin’s privacy is not great. I recommend using Wasabi wallet (they’re my long-term sponsor) if you want to use Bitcoin privately.


You can now get a ‘Bitcoin Degree’ from Cornell.

How did this happen?

Ella Hough, a Computer Science student at Cornell, wanted to learn more about Bitcoin.

The issue? There are no Bitcoin classes.

Her solution? Create one herself.

So, she sent tons of letters to all the important people to get the degree approved.

 Their replies?

  • "Bitcoin is too narrow”

  • “You should study the Gold Standard instead."

  • "Blockchain is the true innovation, not Bitcoin."

Did this stop Ella? Of course not.

She kept bombarding and harassing Cornell decision-makers for 15 months.

The result? Cornell now has a Bitcoin Degree

What a champ.

Massive respect for Ella.


  • German police seize 50,00 BTC ($2.1 Billion) from cyber criminals (the biggest seizure to date)!

  • First Bitcoin ETF application files in Hong Kong. Next step: Bitcoin world domination!

  • Worldcoin offices were raided in Hong Kong because of misuse of biometric data. This is what you get for letting an ‘orb’ scan your eyeballs



The short answer: Abby is NGMI


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See you next Sunday,

Bitcoin Therapy Team

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