Bitcoin entrepreneur Calvin Ayre has withdrawn from negotiations to acquire the estate of Dave Kleiman based on a legal analysis that concluded the estate holds no significant assets.
Ayre recently entered into negotiations with attorneys representing the estate of the late Dave Kleiman, a former associate of Dr. Craig Steven Wright, the individual behind the entity known as Satoshi Nakamoto, the inventor of Bitcoin. Craig Wright was never a party to these negotiations and any suggestion that contradicts this is a factual misrepresentation.
In August, a Florida magistrate issued a non-binding statement that Kleiman’s estate was entitled to 50% of the Bitcoin (BTC) mined by the Wright & Kleiman “partnership” up to December 31, 2013, as well as 50% of any intellectual property (IP) co-developed by Wright & Kleiman prior to Kleiman’s death in April 2013. There is no actual evidence of a partnership that could be found by lawyers researching on behalf of Ayre.
Following the statement, Ayre commenced good-faith negotiations to acquire the Kleiman estate based on public disclosures that the estate held valuable IP under U.S. law. Ayre’s attorneys have since determined that all of the IP claimed by the estate was created following Dave’s death and thus lies outside the scope of the non-binding statement.
Of the IP in question, Ayre’s attorneys concluded that the only IP on which Kleiman collaborated with Wright was the original Bitcoin code, which was released to the world as open source software in 2009.
Furthermore, Dr. Wright has indicated his intention to appeal, which if successful would reduce the estate’s significant assets to the roughly 320,000 BTC mined independently by Kleiman prior to his death. Dr. Wright and Dave Kleiman mined their respective portions of the Satoshi Coins separately as far as can be determined.