Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

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.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
×