The Claim of Bitcoin White Paper Author
The self-proclaimed author of the Bitcoin white paper, Craig Wright, is asserting that Bitcoin and Bitcoin Cash violate his intellectual property rights.
Key Points:
- A bench of three UK judges has accepted Wright’s appeal to argue his case for copyright protection of the Bitcoin file format under UK law.
- Wright’s claim is against 26 defendants associated with Bitcoin, including developers and entities of crypto exchange Coinbase.
- The court ruling only allows Wright to argue that the Bitcoin file format should receive copyright protection, not whether it actually does.
- A trial scheduled for January 2024 will determine whether Wright is indeed the creator of Bitcoin, Satoshi Nakamoto.
- Issues concerning copyright protection will be decided in a full trial if Wright can first prove he is Nakamoto.
Hot Take:
This case highlights the ongoing debate surrounding intellectual property rights in the crypto space. If Wright is successful in his claim, it could set a precedent that allows developers to be sued for allegedly violating the file format of open-source software created by someone else.
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