Mystery of Satoshi Nakamoto Unmasked?

By Matthew Lam   May 22, 2019 4 Min Read

Mystery of Satoshi Nakamoto unmasked? The self-proclaimed “Satoshi Nakamoto” Craig Wright has filed copyright registrations for the whitepaperBitcoin: A peer-to-peer electronic cash system” and early Bitcoin codes with the U.S. Copyright Office.

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Source: U.S. Copyright office

Below are the two full registrations by Craig Wright:

1)   U.S. copyright registration no. TXu 2-136-996, effective date April 11, 2019, for the paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System, with year of completion 2008. The registration recognizes the author as Craig Steven Wright, using the pseudonym Satoshi Nakamoto.

 

2)   U.S. copyright registration no. TX-8-708-058, effective date April 13, 2019, for computer program entitled Bitcoin, with year of completion 2009 and date of first publication January 3, 2009. The registration recognizes the author as Craig Steven Wright, using the pseudonym Satoshi Nakamoto. Wright wrote most of version 0.1 of the Bitcoin client software, and the registration covers the portions he authored.

 

The press release from CoinGeek claims that U.S. Copyright office received the confirmation that Craig Wright is Satoshi Nakamoto, the original creator of Bitcoin.

 

Satoshi Nakamoto revealed?

 

Despite the latest copyright filing submitted by the Australian entrepreneur, there are skepticism among computer scientists and libertarians on Wright’s claim. It is worth noting that the U.S. Copyright office does not investigate the validity of the copyright registration. Jerry Brito, executive director of Coin Center tweeted that registering a copyright is merely filing a form. He mentioned that as anyone can register any work, a copyright registration is not proof of anything. Michael Cohen, an intellectual property lawyer in Beverly Hills also said that the copyright registration is more of an administrative process and the registration is granted if it meets the minimum requirement of the U.S. Copyright office.

 

Party for Bitcoin SV?

While the identity of Satoshi Nakamoto remains anonymous, this news is certainly a blessing for Bitcoin Satoshi Vision (BSV) holders. As of press time, BSV is priced at USD 108.37 with 71.7% daily price increase. Since 8pm 21 May, BSV price skyrocketed and once reached USD 139.31, its trading volume has surged 6x since Wright’s copyright claimed (see Exhibit 1 & 2).

Exhibit 1: Price of Bitcoin Cash and Bitcoin SV

BSV Price.png

Source: CoinMarketCap

 

Exhibit 2: Price and Trading Volume of Bitcoin SV

BSV Trading vol and price.png

Source: CoinMarketCap

In my opinion, the price surge of BSV does not appear to be sustainable, as the copyright claimed is not well recognized in the community. There may be a possible dump for BSV in the future.

Legal battle continues…

Apart from the copyright registration, Craig Wright is under a series of crypto legal fights with a few crypto leaders. While no final decision is made by the judges, these lawsuits has further deteriorated relationship between Wright and the crypto community.

1) Vitalik Buterin

Craig Wright has sent legal notice to Vitalik with lawsuits of libel and defamation. As reported by CoinGeek, the legal team has sent a letter to Vitalik Buterin and Ethereum Foundation regarding a repository entitled ‘cult-of-craig’ on Github. Wright’s legal team required Vitalik’s response by 23 April, however, they have not received any response from Vitalik.

2) Peter McCormack

Craig Wright has accused podcaster Peter McCormack of writing a series of libelous tweets on him in March and April, over the Wright’s claim that he is the pseudonym “Satoshi Nakamoto”. Craig filed the claim to the High Court of Justice, Queen’s Bench Division on 17 April seeking damages of GBP 100,000. The claim also seek an injunction to prevent McCormack to publish similar comments in the future. McCormack confirmed he was served on 18 April.

3) Roger Ver

According to the report by Decrypt, Roger Ver was served with a lawsuit by Craig Wright on 2 May, which Ver called Wright a fraud and a liar in the YouTube video. The video is now removed.

4) Hodlonaut

Craig Wright has threatened to sue Twitter user Hodlonaut, the creator of the Lightning Torch, for defamatory comments of calling Wright “a fraud” in Twitter. While Hodlonaut has deleted its Twitter account, it received widespread community support such as Binance, Charlie Lee of Litecoin, Peter McCormack and Lightning Labs. The Bitcoin community announced a crowdfunding campaign to help Hodlonaut defend against legal attacks by Wright, with the movement of #WeAreAllHodlonaut in Twitter.

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Image credit: Elizabeth Stark in Twitter

Thumbnail image credit: Shutterstock

Disclaimer

This article is of the opinion of author which does not intend to be investment advice. Readers should always do your own research and consult qualified financial advisers before purchasing any cryptocurrencies.


About the author

Matthew Lam
I believe the true value of cryptocurrencies is the underlying blockchain technology. The development of CBDC, DeFi, blockchain standardization are the key trends to watch in 2020!




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