According to a press release published by CoinGeek, controversial crypto proponent Craig Wright has successfully registered a patent for the original Bitcoin Whitepaper with the US Copyright Office. The pro-Bitcoin SV publication has used the news as concrete evidence that Wright is indeed Satoshi Nakamoto.
Although many in the wider cryptocurrency community remain unconvinced by Wright’s claims, even in light of the latest developments, it is clear from the Bitcoin SV price action that a lot of folks are taking the announcement as proof of Wright’s involvement in Bitcoin’s creation. The price of the crypto asset that forked from Bitcoin Cash last November has gone vertical since the news broke and is up over 72 percent over the last few hours at the time of writing.
Craig Wright Files Patent for Bitcoin Whitepaper, Crypto Community Ambivalent
It was announced earlier by the Calvin Ayre-owned, pro-Bitcoin SV publication CoinGeek, that entrepreneur and computer scientist Craig Wright has successfully registered a patent for the Bitcoin Whitepaper, along with most of the crypto asset’s original code. Wright has been claiming himself to be the creator of the digital currency since 2015 and although it would be very easy for him to cryptographically prove himself Satoshi Nakamoto, he has never done so. This has led many in the community to call him a fraud.
In fact, some in the crypto space have gone to great lengths to prove that Wright’s claims are nonsense. This prompted the controversial figure to threaten legal action against those who have doubted that he is indeed the author of the Bitcoin whitepaper.
Naturally, CoinGeek and its owner, Calvin Ayre have used today’s news that Wright successfully registered a patent as evidence confirming Wright’s claims:
Boom! Proof that #CraigisSatoshi has been accepted by US government copyright department.https://t.co/sr0PQno6Dg
— Calvin Ayre (@CalvinAyre) May 21, 2019
However, not everyone is convinced that the latest moves prove anything at all. Ruben Somsen, the host of the Unhashed podcast, reminded folks that a copyright registration is not the same thing as grating a copyright:
Yes, Craig Wright is still a fraud and is trying to deceive you once again by saying “copyright registration”. Don’t fall for it.
See Wikipedia: “It is a common misconception to confuse copyright registration with the granting of copyright.”https://t.co/YWJOBuK6vt https://t.co/gYZaLRoDsa
— Ruben Somsen
2⃣
(@SomsenRuben) May 21, 2019
Others pointed to it being more attention-seeking antics from Wright:
craig wright’s newest shenanigan in trying to prove he’s satoshi is our version of katy petty getting her nails done or whatever the normie celebrities do to get noticed
— Ambroid (@anambroid) May 21, 2019
Finally, Peter McCormack, the host of the What Bitcoin Did podcast and one of those apparently being sued by Craig Wright for dismissing his claims relating to the original Bitcoin protocol, responded to the news with typical nonchalance and humour:
I have registered the paper “Craig Wright is a Fraud” with the UK Intellectual Property Office.
Any misuse of “Craig Wright is a Fraud” and I will sue you for fraudulently claiming “Craig Wright is a Fraud”.
— Dr. Peter McCormack (@PeterMcCormack) May 21, 2019
Satoshi’s Vision Price Rockets on Craig Wright News
As mentioned, the price of Bitcoin SV, the crypto project championed by Wright, has soared since the news broke. On a day with many low percentage gains across the market. The digital asset created when Bitcoin Cash forked last November has shot up by over 70 percent in just a couple of hours.
It actually peaked just shy of $140, up from around $61 prior to the news. It has since slumped back to around $110 at the time of writing – still an impressive gain not mirrored by the rest of the market.
The increase in buying pressure has likely been caused by those convinced by pro-Bitcoin SV news sources and Twitter accounts that Wright has been successfully granted a copyright for the Bitcoin code and whitepaper, rather than just announcing that he has registered a patent.
Craig Wright is officially recognized by a government agency as Satoshi Nakamoto and granted US copyright registrations for Bitcoin white paper and code #CraigIsSatoshihttps://t.co/rHJW0XTWKt pic.twitter.com/6SuQphPs7f
— CoinGeek (@RealCoinGeek) May 21, 2019
Craig Wright is Satoshi Nakamoto
— 1jack
(@liujackc) May 21, 2019
Craig Wright just been awarded copyright over bitcoin and the white paper. #bsv pic.twitter.com/fLIF1ilnOc
— cryptofactor ˢᵛ (@CryptoFactor) May 21, 2019
Unfortunately, this ultimately off putting display for all those recent newcomers to the market appears to be anything but over. NewsBTC will continue to being you more on it as it develops further.
Related Reading: This Prominent Investor Sees Bitcoin Surpassing Gold as a Store of Value
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