Will This Come As Massive Setback For Bitcoin SV (BSV) Holders?

Craig Wright, who calls himself the inventor of Bitcoin, was unsuccessful in defending his Bitcoin copyright suit in a court in the United Kingdom. According to the report, Wright had asserted that variations on the Bitcoin concept, such as Bitcoin Cash, violate his intellectual property rights.

Craig Wright Loses Bitcoin Copyright

Judge James Mellor said in a ruling on Tuesday that the file format of Bitcoin, which is the sequence of a header and list of transactions that together form a block, cannot be treated like a literary work because Wright is unable to show how they were first recorded. This is a test in copyright law that is known as the fixation test.

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In a ruling for the High Court of England & Wales, James was quoted as saying:

I do not see any prospect of the law as currently stated and understood in the caselaw allowing copyright protection of subject-matter which is not expressed or fixed anywhere.

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Wright, who claims he penned the white paper on bitcoin in 2008 under the pseudonym Satoshi Nakomoto, had attempted to argue that he should be able to block the operation of Bitcoin (BTC) and Bitcoin Cash (BCH) as they breach his intellectual property rights. In 2017, Wright & Roger Ver forked the Bitcoin chain to create Bitcoin Cash (BCH) and a year later Wright forked BCH again to create his own Bitcoin SV (BSV) blockchain; where SV stands for “Satoshis’s Vision”.

Wright’s Fight Against Bitcoin

The lawsuit was filed against a large number of defendants connected to Bitcoin, one of which is the cryptocurrency exchange Coinbase, which was named multiple times. The judge has stated that further judgments will address claims over the copyright of the 2008 White Paper, as well as the question of whether or not Wright is indeed the author. A decision by the United Kingdom’s Court of Appeal was handed down the week before saying that a lawsuit filed by Wright’s Tulip Trading against 16 Bitcoin developers should be tried in London.

Multiple witnesses presented forensic evidence in a case that was heard in Oslo the previous year, suggesting that documents supplied by Wright purporting to back up his claim to be Nakamoto contain discrepancies, such as fonts that weren’t available at the time. This evidence was presented in a case that was heard in Oslo the previous year.

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Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

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