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The U.K. High Court has ruled that Craig Wright’s lawsuit over the ownership of the Bitcoin database and the Bitcoin white paper carries enough weight to succeed.
Craig Wright’s Lawsuit Over the Ownership of Bitcoin Database
Dr. Craig Wright has raised the claim which is against the BTC partnership, which comprises BTC developers and ecosystem companies such as Coinbase (NASDAQ: COIN), Blockstream, Crypto Open Patent Alliance (COPA), and Square (NASDAQ: SQ). For the first time, litigation has been filed against the entire BTC, including the larger network of corporations that support and promote the BTC system. The defendants based in the United Kingdom have already been served. The U.K. High Court decided on Wednesday that at least two of Dr. Wright's three points are valid. Those points include Dr. Wright's rights to the Bitcoin database as its true owner and his copyright in the Bitcoin white paper being violated by the defendants: The judge quickly came to the conclusion that there was a serious issue that could easily be tried on those points.
Third Claim Rejected
The third claim, which involved the structure of Bitcoin blocks and was based on copyright in the Bitcoin file format, was rejected by the judge. Although the judge acknowledged that the area of law pertaining to copyright in file formats is still in its infancy, he ultimately concluded that there was no significant issue to be tried regarding the existence of copyright in the Bitcoin file format. Dr. Wright's claim to the Bitcoin database and copyright in the white paper will receive a full trial as a result. Again, perhaps the most significant aspect is that this is the first time that the BTC partnership as a whole—which has been claiming that BTC is the original Bitcoin for some time—will be held accountable for their actions.