BTC And BCH Are Threatened With Lawsuits By Craig Wright

Craig Wright, who claims to be Satoshi Nakamoto, the inventor of Bitcoin, has warned the Bitcoin (BTC) and Bitcoin Cash (BCH) to stop using the Bitcoin database to avoid possible lawsuits. He states that both networks may infringe the laws under the terms of Bitcoin’s original EULA and MIT License.

In his recent blog post he argued that he is planning to take back control of the system he developed, and is ready to fight for his rights in 2020.

Craig Wright’s key argument

Wright states that the distributed Bitcoin database rights are controlled by the Copyright, Designs and Patents Act 1988 (CDPA) and the Copyright and Rights in Databases Regulations 1997 (Databases Regulations 1997). This means, that it should be regarded as personal property.

Dr. Wright says that representation of 21 million Bitcoin each of which is divisible by 100 million Bitcoin is only a verbal deal. The Bitcoin creator should be given the full rights to claim this unilateral contract with nodes to issue. He further said:

“As the creator of Bitcoin, I maintain the sui generis rights to any copy of the database created from Genesis in January 2009. I shall not be relinquishing the ownership. I will be liceansing it, and have already engaged in a process.”

Ever since 2018, Craig Wright has been the defendant in a lawsuit filed on behalf of the estate of Dave Kleiman, Wright’s business partner. The claim stated that after Kleiman’s death in 2013, Wright unlawfully embezzled over a million Bitcoin (BTC) mined by the partners in the early days of the cryptocurrency, as well as some related intellectual property.

The new trial involving Wright has been scheduled for April 17, and it will not be held till July 2020. But anyway, it should not take too long to determine whether all these claims are true to life or not.