Self-proclaimed bitcoin inventor is not ‘Satoshi Nakamoto’, UK judge rules

Mar15,2024



A British judge has declared the Australian computer scientist craig wright What is not “Satoshi Nakamoto,” Bitcoin's mysterious creator rejected Wright's long-standing claims. The landmark decision came after the Crypto Open Patent Alliance (copa) challenged the claim to prevent Wright from suing Bitcoin Developers.
Judge Mellor's declaration left no room for doubt: “Dr. Wright is not the author of the Bitcoin white paper,” he said firmly. “In addition, he did not operate under the pseudonym Satoshi Nakamoto during the significant period from 2008 to 2011.”
why it matters
The ruling not only refutes Wright's claim, but also relieves the Bitcoin developer community from the threat of litigation based on his alleged identification as Nakamoto. The case highlights the intense legal and identity battles within the cryptocurrency world, affecting the essence of open-source development and the decentralized ethos of Bitcoin.
zoom in
The case brought against Wright by COPA revealed allegations of repeated document falsification intended to support his claims. The detailed allegations included Wright's alleged use of AI tools to create false evidence. The court's decision reflects the challenges of proving the true identity behind the pseudonymous Satoshi Nakamoto, which has been shrouded in mystery since the inception of Bitcoin.
what are they saying

  • COPA hailed the decision as a victory for truth and the open-source community, emphasizing an end to Wright's alleged threats and lies regarding his identity.
  • “Today's decision is a victory for truth and integrity. For years, Dr. Wright and his supporters have spread lies to intimidate and harass Bitcoin developers. With this decision, Craig Wright's claim to be Satoshi Nakamoto is clearly refuted.” Has been done.” A COPA spokesperson said.
  • COPA attorney Jonathan Huff minced no words when describing Wright's actions: “His claim was a shameless lie, an elaborate false story supported by fraud on an industrial scale. Dr. Wright's conduct sometimes bordered on farce. “
  • A spokesperson for Kraken, one of the largest exchanges, said, “Satoshi understood the value of decentralization and created Bitcoin so that it could not be controlled by any one person or entity.” It is certain that Wright is not Satoshi.”
  • Wright declined to comment through a spokesperson, leaving the community to consider his next steps.

Bitcoin at record high

  • Earlier in the day, Bitcoin hit a new record high of $73,797.
  • This year, Bitcoin has experienced a significant surge, largely due to increased trading access. An important development was the introduction of Bitcoin-indexed exchange-traded funds (ETFs) in the United States. This new financial instrument has democratized access to Bitcoin investments, enabling individuals to speculate on Bitcoin prices without direct ownership.
  • Major institutions such as Grayscale and renowned asset management firm BlackRock have stepped into the Bitcoin market, indicating growing mainstream acceptance. Additionally, Bitcoin's value has been driven by the anticipation of the “halving” event, a quadrennial technical adjustment occurring next month. This adjustment halves Bitcoin mining rewards, slowing the creation of new Bitcoin and limiting its availability.

what will happen next
As the dust settles on this legal battle, the world waits for further developments. The true identity of Satoshi Nakamoto is shrouded in mystery, but one thing is now certain: Craig Wright is not the mysterious man behind the revolutionary cryptocurrency. The court's decision brings to an end a saga that has fascinated the tech world for years.
It sets a precedent regarding attribution of significant technological inventions and the veracity required in such claims within the legal system and the broader technological community.
(with inputs from agencies)



Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *