Craig WrightSelf-proclaimed creator of Bitcoin and dubbed “Faketoshi” by many, is once again attempting to employ hacking tactics. jurisdiction to force entities and members to agree to his declaration that he is Satoshi Nakamoto. This time Wright’s extreme tactic was: sue well-known brokers for offering Bitcoin services†
According to Ontier, a law firm that represents Wright’s interests, the alleged creator of Bitcoin is suing the… crack and the Coinbase for “selling fake Bitcoins” as official currency. The process already went through Ontier through the English High Court.
Wright’s intent with long-term legal action is to prevent the two companies from passing on other cryptocurrencies such as real Bitcoin. Complainants want Coinbase and Kraken to stop using the term “Bitcoin” for trading Bitcoin (BTC).
Wright’s intellectual property rights (IP) also extend to the Bitcoin symbol.
The plaintiff’s claims are that these and other exchanges are trading – encouraging investors and consumers to trade and invest – in BTC, passing as the Bitcoin asset, despite being created in 2017 as a software implementation. … apart from the Bitcoin protocol that Dr. Wright established when he created the electronic money system more than 13 years ago.”
Wright’s argument is that he wants to protect consumers from “fraud” and “cheating”.
“It’s about protecting consumers from fraud and deception. Consumers are fooled daily into thinking that BTC is Bitcoin, as I described in the Bitcoin Whitepaper. BTC is not Bitcoin.” said Wright.
The newly opened process will initiate a series of complaints aimed at resolving “misconceptions”. These claims could amount to “hundreds of billions of pounds,” according to the press release.
Isn’t Bitcoin Bitcoin?
In the statement, Ontier, and thus Wright, use complicated terms, perhaps even convincing people in advance that he is right. But Bitcoin and Wright’s situation is much more complicated than he simply claims.
Wright claims that the Bitcoin Satoshi Vision (SV), which was released in November 2018 following a split of the Bitcoin Cash community, is the one and only Bitcoin. Bitcoin Cash itself grew out of a division of the original Bitcoin community that ended up “fighting” between the decision to increase the size of Bitcoin blocks.
Therefore, the history of Wright’s “real Bitcoin” is: Bitcoin suffered a hard fork and that’s what happened, Bitcoin Cash, after more battles Bitcoin Cash went through another hard fork, giving rise to Bitcoin SV. “The original network”, the same network that was created in 2009, is what is now known as BTC, Bitcoin.
Wright has always tried to prove that he is Satoshi and that his Bitcoin is the real currency. However, he could do this in minutes by proving that he has access to Satoshi’s wallets and the signature of the Bitcoin creator.
He tries to do this through campaigns of judicial intimidation and lawsuits against various names involved in the Bitcoin community, often targeting the “weakest links” and with no money to protect himself from his actions.
With nearly 4 years into this “battle”, Wright could have proved him right in just 1 minute, but he continues to spend millions of dollars in lawsuits against various names associated with Bitcoin.
If Craig Wright is the creator of Bitcoin, he has to prove it. Until then, it’s easy to understand bitcoin investors’ skepticism about their claims and the damage they’re doing to the community.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
