Square countered all legal threats that came from the self-proclaimed Bitcoin inventor Craig Wright who was asking companies like Square to stop hosting the BTC white paper citing the copyright claim so we read more in our latest BTC news.
Lawyers that acted on behalf of Craig Wright who says that he invented Bitcoin, asked Square to stop hosting the BTC white paper. COPA which is an organization to protect against these things, wrote a response for Square while Square responded:
“We don’t care who created Bitcoin.”
Last month, the lawyers which claimed to represent Craig Wright, the computer scientist who claims he invented Bitcoin, threatened to sue the digital payments company Square for hosting the BTC whitepaper on their platform. The whitepaper is still up but Square responded with a message that they don’t actually care who invented BTC. The white paper was authored in October 2008 by one person or a group of people under the pseudonym Satoshi Nakamoto while in 2015, Craig Wright claimed that he was actually Satoshi and that he invented bitcoin with his late friend Dave Kleiman.
We don't care who created bitcoin, just who didn't. https://t.co/MwbD3CjzQH
— Square Crypto (@sqcrypto) February 5, 2021
Hosting the whitepaper became a symbolic gesture among BTC advocates as the government of Estonia hosts it and so does congressman Patrick McHenry. In the letter to Square the law company Ontier LLP says it represented Wright and wrote that:
“Dr. Wright has decided that it is time to enforce his copyright in the White Paper.”
Ontier is using the Dr. Prefix here because Wright purports to have received a doctorate in computer science from Charles Stuart University that reported that the university said it never gave him a Ph.D. Ontier gave Square a deadline of two weeks to respond to the claim which expired a day ago. The copyright organization COPA which was created back in September by Square wrote a response to Ontier on the company’s behalf and asked for more information about Wright’s allegation. Square countered the legal threats and Ontier sent the initial letter as the Twitter DM since it didn’t have any other contact detail.
As reported recently, Square got 100% return on its initial $50 million Bitcoin purchase, following Microstrategy’s purchase that shocked the space earlier this year. The Silicon Valley firm spent about $50 million from its balance sheet on BTC and this marked the second time that a US company put BTC onto its balance sheet as an investment but as we can see, it played out quite well
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