• Mon. Dec 30th, 2024

Square Rebuffs Threats of Legal Actions from Self-acclaimed BTC Inventor

Phillip Seefeldt

ByPhillip Seefeldt

Feb 6, 2021

The self-acclaimed inventor of Bitcoin, Craig Wright, recently asked Square not to host the BTC white paper as the copyright belongs to him. The counsels to the man who claimed copyright ownership of Bitcoin recently wrote Square to halt its hosting of the BTC white paper.

Meanwhile, an organization known as COPA, whose aim is to fight against such “spurious” claims, has stood up for Square, replying that they are not concerned about the inventor of Bitcoin. In December, a team of lawyers who claimed to be representing the claimant was reported to be threatening Square, a leading digital payment firm claiming it has no right to host BTC white paper via its site.

Wright Claims to be Satoshi Nakamoto, Bitcoin Founder

Presently, the paper being fought upon is still available on Square’s website. Meanwhile, Square sent the same response made by COPA, saying they are not concerned about the BTC inventor. Satoshi Nakamoto was reportedly the author of the BItcoin white paper. It was not clear whether it was an individual or a group was hiding behind the pseudonym. Satoshi released it in 2005, but Wright came out in 2015 to lay claim to the digital asset’s invention. He added that his friend, Dave Kleiman, with whom he invented Bitcoin, is dead.

The move to host the white paper is somewhat a symbol of gestures that Bitcoin stakeholders intend to be using. Enter, the lawyers representing the claimant, announced that Wright, the computer scientist, is set to claim his copyright to the BTC White Paper. Though the lawyers addressed Wright as a Dr. (a holder of Ph.D.), the university from whom Wright claimed to have gotten its Ph.D. has come out to deny the claim. The legal representatives issued a two weeks’ request to give a response to the accusation. Meanwhile, was the deadline. Meanwhile, a body called COPA, founded by Square last year to investigate and prevent copyright infringement, has responded to Wright’s claim on Square’s behalf.

How Wright and Dave Started Blockchain Partnership in 2013

In the response, COPA asked Ontier, Wright’s legal representatives, to buttress its claim with additional information. Also, they rebuffed Wright’s claim saying they never cared who invented the digital currency. The response filed by Square also included the email address with which both companies could communicate. In the first tweet, Ontier claimed that they had no other way of contacting Square. In 2018, the family of Wright’s late friend, Dave, sued Wright for $10 billion, charging the defendant with an attempt to claim copyright ownership of blockchain. The suit also added that Wright attempted to defraud the late Dave on their collaboration to work on Bitcoin. The lawsuit revealed that both partners mined 1 million bitcoin tokens.

Dave and Wright began their Blockchain partnership in 2011. Wright kept the fortune away from the family Dave after his death in 2013. But Wright became popular in 2016 when he claimed he was the founder of Bitcoin. Dave and Wright began their Blockchain partnership in 2011. Wright kept the fortune away from the family Dave after his death in 2013. But Wright became popular in 2016 when he claimed he was the founder of Bitcoin.

Phillip Seefeldt

Phillip Seefeldt

Phillip Seefeldt is a skilled and perceptive news writer known for his comprehensive analysis and engaging writing style. With a commitment to accuracy and a deep understanding of current affairs, his articles provide readers with insightful perspectives and thought-provoking insights.

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