Craig Wright Registers Copyright to Satoshi White Paper, Bitcoin SV Surges 73%

| Updated
by Teuta Franjkovic · 4 min read
Craig Wright Registers Copyright to Satoshi White Paper, Bitcoin SV Surges 73%
Photo: Shutterstock

Even though, anybody can apply, Craig Wright has been granted copyright registrations for the original Bitcoin Whitepaper with the US Copyright Office. The pro-Bitcoin SV publication has used the news as evidence that Wright is Satoshi Nakamoto.

UPDATE: The US Copyright Office debunked Wright’s claims saying that a copyright registration is not a “determination of truth.” It simply represents a claim over works. The Copyright Office also is not obligated to investigate the validity of those claims.

Every day we are witnessing the fact that the most obscure personas had been given a lot of money, a lot of luck and a lot of media attention. One of these people is notorious billionaire Craig Wright. You might ask yourself – what he did this time? Well, to be honest, he did what all of us could do – if we had spare time and 55 bucks in your pocket.

That day came yesterday. Craig Wright, the self-proclaimed creator of Bitcoin, has filed registrations with the U.S. Copyright Office supporting his claims of authorship over the original Bitcoin code and the Satoshi white paper.

The registrations relate to “Bitcoin: A Peer-to-Peer Electronic Cash System” and “Bitcoin,” meaning the original 2009 code.

In the press release it’s said:

“In the future, Wright intends to assign the copyright registrations to Bitcoin Association to hold for the benefit of the Bitcoin ecosystem. Bitcoin Association is a global industry organization for Bitcoin businesses. It supports BSV and owns the Bitcoin SV client software.”

Founding President Jimmy Nguyen commented in the release:

“We are thrilled to see Craig Wright recognized as author of the landmark Bitcoin white paper and early code. Better than anyone else, Craig understands that Bitcoin was created be a massively scaled blockchain to power the world’s electronic cash for billions of people to use, and be the global data ledger for the biggest enterprise applications.

We look forward to working with Craig and others to ensure his original vision is recognized as Bitcoin and is realized through BSV.”

Of course, that made Wright’s most efficient wingman Ayre gleaming with joy and immediately tweeting:

However, even though we are happy for this couple (or is it threesome now with Nguyen included?) we should explain some before said facts.

For $55 We Can All Be “Real Satoshi”

This registration ‘per se’ does not imply ownership nor it is an official patent. The copyright process allows anyone to register anything in an effort to prepare for something – imagine some lawsuits associated with ownership for example.

Computer code and white papers can be copyrighted insofar as they are considered literary works and, as the copyright office writes:

“In general, registration is voluntary. Copyright exists from the moment the work is created. You will have to register, however, if you wish to bring a lawsuit for infringement of a U.S. work.”

Yes, you’ve heard it right. That means that everybody, including yourself, can register this post and someone else, including Craig Wright, would have to fight you in court to contest it.

Or as Jerry Brito, executive director at advocacy group Coin Center said:

First Stage – Denial

Even though Ayre tried to “mansplain” what his partner did:


It’s still not holding water:

Running From Taxes, Aren’t We?

We still don’t know if Craig, now obviously the richest man on planet Earth included this info when doing his taxes, but one is clear – it sure won’t be ATO, Australian Tax Office. Because, even though he was born and raised in Brisbane, Australia, since yesterday – our Craig Wright is a citizen of Antigua. Antigua, the same place where his dearly beloved partner Calvin Ayre has a house and is currently building “The center for all things Bitcoin SV”.

In one of his posts Wright tried to explain why he thinks the legal system of the Caribbean states is more flexible than the Australian:

“In 2011, I had around US$30 million in Caribbean bank accounts. They were all in structured trusts and companies. If I had brought the money back to Australia to use it as cash, I would have ended up paying tax directly”.

Be that as it may, the crypto players seized this situation and took what they could. In the time of writing Bitcoin SV was up 77% to almost $2.

Altcoin News, Bitcoin News, Business News, Cryptocurrency News, Investors News
Teuta Franjkovic

Experienced creative professional focusing on financial and political analysis, editing daily newspapers and news sites, economical and political journalism, consulting, PR and Marketing. Teuta’s passion is to create new opportunities and bring people together.

Related Articles