Craig Wright, whose claim to be Bitcoin’s creator, Satoshi Nakamoto, was rejected by a UK High Court, is suing Bitcoin Core developers again.
He argues they misrepresent Bitcoin (BTC) as the original version, insisting that Bitcoin SV (BSV) is the true successor.
Wright’s latest lawsuit, seeking £911 billion, stems from alleged market value discrepancies between BTC and BSV. Hodlonaut, a previous victor in a defamation case against Wright, criticized his new legal move, suggesting it reflects Wright’s delusions.
The Crypto Open Patent Alliance (COPA), which previously defeated Wright’s claims, expressed confidence that this lawsuit will fail as well.
Wright’s argument targets recent Bitcoin Core updates like SegWit and Taproot, claiming they stray from Satoshi’s vision. However, Satoshi’s final communication indicated a handover of Bitcoin’s stewardship to the community, highlighting its decentralized nature.
Wright’s claims of intellectual property ownership lack credible evidence, raising skepticism and confusion. His ongoing legal battles provoke critical discussions about the governance of open-source projects, but the decentralized essence of Bitcoin remains intact, preventing any individual from claiming control.
Renowned author and financial educator Robert Kiyosaki has issued a word of caution to everyday investors relying too heavily on exchange-traded funds (ETFs).
Bitcoin may be entering a typical summer correction phase, according to a July 25 report by crypto financial services firm Matrixport.
Bitcoin has dropped sharply to test its local range low near $115,000, with analysts pointing to renewed whale activity and long-dormant supply movements as key contributors to the decline.
Bitcoin has reached a critical milestone in its programmed supply timeline—only 5.25% of the total BTC that will ever exist remains to be mined.