Crypto fund claiming that Craig Wright is the creator of Bitcoin, Satoshi Nakamoto, gives an update to the legal battle while Wright sued Square and other influential BTC and Bitcoin Cash companies as we are reading more in today’s cryptocurrency news.
In a document that we have in today’s news, the crypto fund Unbounded Capital provided details on the current legal battle between Craig Wright and various BTC-related businesses. The company invests solely in businesses and products that are related to Bitcoin Satoshi Vision which is the BTC fork made by Wright and Calvin Ayre. It’s headed by Zach Resnick and the vocal supporter of BSV referring to the BTC instead of the Satoshi Vision as per the site.
— Unbounded Enterprise (@UnboundedEnt) February 3, 2021
Wright served notices to Bitcoin.com, Bitcoin.org, and bitcoincore.org for hosting the BTC whitepaper on their site stating that it was his own property and that doing so both infringed copyright passing off BTC and BCH as the real Bitcoin. Unbounded commented that it was not surprised by the development:
“We believe that CSW is the inventor of Bitcoin and rightfully maintains the copyright to the Bitcoin whitepaper as well as other Bitcoin-related IP. Thus, we have anticipated that CSW would continue to pursue all legal avenues to defend his name and his invention.”
The crypto fund claiming that Wright is Satoshi, stood by the lawsuit and said forks of BTC and BCH looked to leverage the value of the BTC name “despite having deviated away from the Bitcoin technology as introduced by CSW in the whitepaper, all while disparaging the only version of Bitcoin that is still implementing this original vision today as BSV.”
The legal notice informed the parties that they have about 14 days to comply with the demand or face legal action. The date for the three to respond was set at February 3rd while Square the payments giant had to February 4th. With no updates so far, the penalty is as follows:
“Failing that (compliance with the demand by the listed date), our instructions are to issue proceedings without further notice, claiming an injunction, appropriate financial relief for your infringement of copyright in the White Paper.”
This includes more damages to be paid out as the infringements are seen as “deliberate and flagrant costs” as well as appropriate notices on the website and advertisements of the action results. Unbounded made it clear that Wright’s lawsuit was not a move to eradicate the BTC whitepaper:
“Rather than trying to disappear the whitepaper, CSW has made it clear that he only intends to seek actions against people who are using it in an attempt to “pass off” Bitcoin competitors like BTC and BCH as Bitcoin.”
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