Court Favors Craig Wright, Orders Bitcoin.org to Remove BTC Whitepaper
- The creator of the website has also been ordered to pay £35,000 of Wright’s legal fees.
London’s High Court has ruled in favor of Craig Wright, the self-proclaimed Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term creator and the proponent of Fork Fork A fork can occur when a blockchain diverges into two potential paths forward, there is a change in protocol, or a scenario occurs in which two or more blocks have the same block height.Because blockchain networks are decentralized, the participants on the network must come to an agreement when it comes to things like software upgrades to a network. This is called consensus.When consensus cannot be achieved on a software upgrade, a fork occurs, effectively representing a divergence in software th A fork can occur when a blockchain diverges into two potential paths forward, there is a change in protocol, or a scenario occurs in which two or more blocks have the same block height.Because blockchain networks are decentralized, the participants on the network must come to an agreement when it comes to things like software upgrades to a network. This is called consensus.When consensus cannot be achieved on a software upgrade, a fork occurs, effectively representing a divergence in software th Read this Term Bitcoin SV, ordering Cobra, the pseudonymous creator of bitcoin.org, to takedown Bitcoin whitepaper from the website.
The court decision was made in a default judgment as Cobra decided not to appear in court to defend its side. Last month, Cobra tweeted that ‘defending against nonsense is a waste of time’.
According to the court order, bitcoin.org now has to remove the whitepaper and display a notice of the court order for six months. In addition, Cobra will have to pay £35,000 ($48,600) to Wright to cover his legal costs.
I don't think you could get a better advertisement of *why* Bitcoin is necessary than what happened today.
Rules enforced through cryptography are far more superior than rules based on whoever can spend hundreds of thousands of dollars in court. — Cøbra (@CobraBitcoin) June 28, 2021
A Fraud or Legit?
Wright, a controversial figure in the cryptocurrency industry, moved to the UK court against Cobra, alleging that bitcoin.org infringed the copyright of the whitepaper, which Wright believes to be his intellectual property. Court proceedings began on February 24, 2021, and Cobra was served out of the jurisdiction by an email on April 21.
The majority of the crypto industry supported bitcoin.org and popular platforms, including Coinbase, started to host the Bitcoin whitepaper to protest Wright’s claims.
“Dr Wright does not wish to restrict access to his White Paper,” wrote Simon Cohen, a Senior Associate at ONTER LLP that legally represented Wright. “However, he does not agree that it should be used by supporters and developers of alternative assets, such as Bitcoin Core, to promote or otherwise misrepresent those assets as being Bitcoin given that they do not support or align with the vision for Bitcoin as he set out in his White Paper.”
Furthermore, Wright brought a libel lawsuit against Roger Ver, but the UK court later dismissed the suit over jurisdictional issues.
London’s High Court has ruled in favor of Craig Wright, the self-proclaimed Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term creator and the proponent of Fork Fork A fork can occur when a blockchain diverges into two potential paths forward, there is a change in protocol, or a scenario occurs in which two or more blocks have the same block height.Because blockchain networks are decentralized, the participants on the network must come to an agreement when it comes to things like software upgrades to a network. This is called consensus.When consensus cannot be achieved on a software upgrade, a fork occurs, effectively representing a divergence in software th A fork can occur when a blockchain diverges into two potential paths forward, there is a change in protocol, or a scenario occurs in which two or more blocks have the same block height.Because blockchain networks are decentralized, the participants on the network must come to an agreement when it comes to things like software upgrades to a network. This is called consensus.When consensus cannot be achieved on a software upgrade, a fork occurs, effectively representing a divergence in software th Read this Term Bitcoin SV, ordering Cobra, the pseudonymous creator of bitcoin.org, to takedown Bitcoin whitepaper from the website.
The court decision was made in a default judgment as Cobra decided not to appear in court to defend its side. Last month, Cobra tweeted that ‘defending against nonsense is a waste of time’.
According to the court order, bitcoin.org now has to remove the whitepaper and display a notice of the court order for six months. In addition, Cobra will have to pay £35,000 ($48,600) to Wright to cover his legal costs.
I don't think you could get a better advertisement of *why* Bitcoin is necessary than what happened today.
Rules enforced through cryptography are far more superior than rules based on whoever can spend hundreds of thousands of dollars in court. — Cøbra (@CobraBitcoin) June 28, 2021
A Fraud or Legit?
Wright, a controversial figure in the cryptocurrency industry, moved to the UK court against Cobra, alleging that bitcoin.org infringed the copyright of the whitepaper, which Wright believes to be his intellectual property. Court proceedings began on February 24, 2021, and Cobra was served out of the jurisdiction by an email on April 21.
The majority of the crypto industry supported bitcoin.org and popular platforms, including Coinbase, started to host the Bitcoin whitepaper to protest Wright’s claims.
“Dr Wright does not wish to restrict access to his White Paper,” wrote Simon Cohen, a Senior Associate at ONTER LLP that legally represented Wright. “However, he does not agree that it should be used by supporters and developers of alternative assets, such as Bitcoin Core, to promote or otherwise misrepresent those assets as being Bitcoin given that they do not support or align with the vision for Bitcoin as he set out in his White Paper.”
Furthermore, Wright brought a libel lawsuit against Roger Ver, but the UK court later dismissed the suit over jurisdictional issues.