PanamaTimes

Friday, Mar 29, 2024

UK Court Allows Australian Man Who Claims to be Bitcoin Creator to Serve Copyright Claim

UK Court Allows Australian Man Who Claims to be Bitcoin Creator to Serve Copyright Claim

The blockchain-based cryptocurrency Bitcoin has soared over the last year, hitting an all-time high of $64,000 a few days ago.

London's High Court has allowed lawyers representing Craig Wright, an Australian computer scientist who claims to be the creator of Bitcoin, to pursue a copyright infringement case against the operator and publisher of the bitcoin.org website known only as "Cobra." The move is a victory for Wright as he stakes his claim for Bitcoin's white paper, published by mysterious Satoshi Nakamoto in 2008 – it laid the groundwork and outlined the technology behind the most popular and valuable cryptocurrency in the world.

Cobra's identity and whereabouts are not known, according to Reuters, which has seen the court filings.


Wright, who has residency in Britain, is demanding that bitcoin.org removes the white paper while accusing Cobra of wrongfully controlling the website. He claims he has evidence to support his allegations.

“We’ve been threatened to take down the bitcoin white paper by someone who obviously isn’t the inventor of bitcoin (if he was, that would make him the 25th richest person in the world, which he obviously isn’t),” Cobra told The Guardian in an e-mail.

“Seems like he’s trying to abuse the UK courts to make them try to censor the white paper and harass small websites like us providing education content with his behaviour,” they said.

Mysterious Satoshi


Bitcoin was created by Satoshi Nakamoto in 2008 – this name, however, is a pseudonym, used by a person or a group of persons, who developed the cryptocurrency.

Nakamoto released the technical manifesto under an MIT permissive free software license.

“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” he said upon releasing the white paper.

After establishing the cryptocurrency, Nakamoto reportedly continued to work with other developers on Bitcoin until mid-2010, when he gave control of the source code repository and network alert key to software developer Gavin Andresen, and transferred several domains related to Bitcoin to prominent members of the community.

Nobody has heard from Nakamoto since April 23 2011, when he signed off an email saying, “I’ve moved on to other things. It’s in good hands with Gavin and everyone.”

Over the years, several people have been suspected of being the mysterious Bitcoin developer with – Wright being one of them.

Two separate investigations by Wired and Gizmodo suggested that the businessman could be the mysterious figure after Wired received leaked material from a source close to Wright, while Gizmodo received a similar collection of documents from a hacker.

Several days later, however, Wired pointed at several serious inconsistencies, raising concerns that Wright could be “a brilliant hoaxer who very badly wants us to believe he did” invent Bitcoin.

One Man vs Bitcoin Community


Since then Wright has made a career from his claim to be Nakamoto. The businessman has eagerly sued prominent Bitcoiners for challenging his claim, leaving the community mulling over whether to remove the white paper from websites or to face one of the expensive lawsuits.

According to Wright, no other entity is authorised to host the Bitcoin white paper since he is, as he claims, Nakamoto. This, however, is at odds with the open-source, decentralised nature of the cryptocurrency.

Square, the Cryptocurrency Open Patent Alliance (COPA), an alliance formed by Square Crypto to pool patents and preserve the industry’s open-source spirit, has recently filed a lawsuit against Wright over his copyright claims.


Wright is still yet to provide conclusive evidence to his claim.

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×