In late January 2021, Craig Wright filed an injunction against Square, Inc., claiming to be the author and own the copyrights to Bitcoin’s whitepaper. Wright requested that the document be removed from the payment company and other websites, including Bitcoin.org.
Square is a member of the Crypto Open Patent Alliance (COPA). The Society has therefore responded on behalf of its members and on its own behalf. In addition, COPA is seeking additional information from Wright to support his claims.
According to a document introduced in the UK High Court of Justice, COPA has filed a lawsuit asking the legal entity to state that Wright has no ownership of Bitcoin’s white paper. COPA said the following about its Twitter handle:
We support the Bitcoin developer community and the many others who have been threatened with hosting the White Paper.
The anonymous bitcoin developer known as “Cobra” has not expressed his opinion on Wright. When the first lawsuit was filed, Cobra claimed there was an ongoing attack against Bitcoin and denied Wright’s testimony that he was Satoshi Nakamoto. On the initiative of COPA, Cobra said:
I don’t know what is nobler than defending the white paper that started it all. Really great news. The Bitcoin community will never surrender to liars who abuse Satoshi’s absence to fraudulently claim credit for his work (s).
Wright’s impact on Bitcoin and Bitcoin SV
Cobra has raised the alarm about the impact of Wright’s lawsuit and “harassment” on Bitcoin developers. To say that based on the experience and knowledge these individuals have gained over a decade or more, this action cannot be an “understatement”. Cobra said:
Dangerous errors in Bitcoin Core are more likely to occur without the code being seen by skilled eyes. It can get even more difficult to attract new talent: Contributing to an open source project is ungrateful enough in itself. Who else would want to deal with the risk of litigation?
COPA’s response to Wright could serve as a deterrent to further lawsuits. The company aims to “create a world where people can use Bitcoin and cryptocurrencies without legal barriers”.
Among them is the Jack Dorsey-led company that exchanges OKCoin, Kraken, the chaincode labs development group, MicroStrategy and others.
Bitcoin is trading at $ 59.984 and has moved sideways for the past 24 hours. On the 7-day graph, BTC has made a 3% gain and a 4.6% gain over the past 30 days.
BTC is moving sideways on the 24-hour chart. Source: BTCUSD Tradingview On the flip side, Bitcoin’s Fork BSV is trading at USD 258 with a loss of 4.3% on the 24-hour chart. As Cobra said, the cryptocurrency appears to have been in a downtrend since Jan. 21 when Wright started issuing legal threats.
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