The Man Claiming to be Bitcoin Creator Offers Settlement to Crypto Open Patent Alliance
Craig Wright, who asserts that he is the creator of Bitcoin, has sent a settlement offer to the Crypto Open Patent Alliance (COPA) and all other parties involved in the ongoing intellectual property litigation. The purpose of this offer is to avoid a trial that would determine whether Wright is indeed Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
Background: UK Judge Orders Wright to Provide Proof
Last month, a UK judge ordered Craig Wright to provide documented proof of his claim to be the creator of Bitcoin. The judge specifically requested printed copies of 95 documents from as far back as 2007, which Wright claims are stored on a USB drive and would prove his identity as Nakamoto.
Focus on Intellectual Property Rights
Wright stated that his focus has never been on revealing his true identity but rather on upholding his intellectual property rights in Bitcoin. He emphasized the importance of the Bitcoin White Paper as the foundation for other cryptocurrencies such as Bitcoin Cash and Bitcoin SV.
Settlement Offer Details
In his settlement offer, Wright agrees to waive his database rights and copyrights related to BTC, BCH, and ABC databases. He also offers an irrevocable license in perpetuity to the opposing parties who control or own these databases. The goal is to encourage open commercialization in a fair market where intellectual property rights are respected and exploited.
Time Limit for Acceptance
The settlement offer is valid until the end of January. If all parties do not agree within seven days from the date of the offer, the case will proceed to trial. Wright believes that accepting this settlement will save unnecessary expenses and allow developers to focus on Bitcoin.
Terms of the Settlement
The terms of the settlement include ending all legal claims in the lawsuit, with each party responsible for their own legal costs. Wright also suggests that participants donate the amount they would have spent to a charity of their choice, such as Burnside, which supports single mothers. He pledges to donate any funds he receives from the case to charity.
Commitments and Conclusion
As part of the settlement offer, Wright requests that all parties agree not to use BTC, BCH, ABC, or BSV databases to create or fork a new Bitcoin database. He also asks for an end to any media campaigns against him. Wright believes these terms are beneficial to the industry and will ensure the success of Bitcoin in any form it takes.
COPA’s Response
COPA has not yet responded to Decrypt’s request for comment on the settlement offer.
Hot Take: Craig Wright’s Attempt at Settling Bitcoin Creator Dispute
Craig Wright, who claims to be the creator of Bitcoin, has made a settlement offer in order to avoid a trial over his identity as Satoshi Nakamoto. This offer aims to resolve the intellectual property rights dispute surrounding Bitcoin and allow developers to focus on its future. While COPA has not responded yet, accepting this settlement could save unnecessary expenses and promote fair competition in the crypto market. It remains to be seen whether all parties will agree within the given timeframe.
By
By
By
By