Crypto Open Patent Alliance files Lawsuit declaring Dr. Craig S. Wright is not the author of the 2008 Bitcoin white paper! Crypto Open Patent Alliance, abbreviated as COPA, filed the lawsuit in the High Court of Justice in England and Wales. This may backfire as this could give Wright the opportunity to prove himself as Satoshi.
“We stand in support of the Bitcoin developer community and the many others who’ve been threatened for hosting the White Paper,” COPA wrote in a Twitter post earlier.
COPA is a non-profit IP-pooling group formed by Jack Dorsey’s Square in September of 2020. Their goal is to prevent “patent lockup” by companies claiming ownership of blockchain-related concepts that “stifle innovation”.
Coinbase joined Square as a COPA founding board member in December of 2020. Other members include Kraken, SatoshiLabs, BitPay, BitBank, MicroStrategy, and Blockstream.
Membership is required for three years. By joining the alliance, a member organization/company gains access to the Shared Patent Library of foundational crypto patents.
COPA members may have a conflict of interest by pursuing the narrative that Dr. Craig Wright is not Satoshi – after all, companies like Square, Coinbase, and Blockstream have a clear financial interest in promoting the narrative that BTC, not BSV, is the real Bitcoin.
Coinbase’s IPO valuation hinges upon Satoshi Nakamoto not being Dr. Wright – the possibility that he is introduces significant risk to their valuation as a company. In downplaying this risk, the company is potentially breaching some securities regulations and this could leave directors of the company liable.
Therefore, the fast approaching public launch of COIN, Coinbase’s Stock, relies upon the narrative that Dr. Wright is not Satoshi Nakamoto.
Coinbase’s SEC filings highlight not only why the company needs BTC to succeed, but also why Satoshi’s identity is a risk to their business and that the IP rights of others and infringement claims against them may hinder their success.
BSV developers restored the Bitcoin Protocol to its original form and original transaction processing rules in January and February of 2020. It is with this in mind that BSV cannot be regarded as anything less than the original Bitcoin as it was originally promoted to the public by Satoshi Nakamoto. BTC does not follow the original protocol rules. BSV does.
To this end, it’s important to note that Dr. Wright registered copyright in the US to the 2008 Bitcoin White Paper in May of 2019, and has since began to undertake legal action against sites and organizations that host the 2008 Bitcoin paper without his consent.
Square Crypto was targeted by such legal action – they started hosting the white paper in response to cease and desist letters sent by Dr. Wright’s lawyers to those sites and organizations.
BTC supporters, who adamantly deride BSV’s claims, are not noticing that Dr. Wright’s actions are due to his feeling that he has enough evidence to defend his claim, that he is Satoshi Nakamoto, in court. In fact, it is highly likely that defending it in court is something he wants to do.
Since Dr. Wright first revealed himself to be Satoshi Nakamoto, no other person has put forward a credible claim to be Bitcoin’s creator.
Dr. Wright registered his copyright claim, however, the only way it can be officially challenged is if a third party makes the same claim and takes legal action against it.
To this end, COPA may be doing exactly as Dr. Wright wishes. While the case may go on for some time, it seems that Dr. Wright is prepared to fight the fight for as long as it takes.
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