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One Week On: Craig Wright Fails to Find Support For Bitcoin Copyright

One Week On: Craig Wright Fails to Find Support For Bitcoin Copywright

Last week, there was a bombshell in the ongoing Satoshi Nakamoto search saga. On Tuesday, 21 May, Australian computer scientist and businessman Craig Wright filed US copyright registrations for the Bitcoin white paper, followed by much backlash online.

One news report published the same day claimed that US officials had received confirmation Wright was indeed Nakamoto as he has claimed to be since 2015, while court documents show the US Copyright office accepted his registration as the author of the Bitcoin white paper and most of the cryptocurrency’s original code.

Yet, the cryptocurrency community has offered very little support for his claims, the small amount available coming almost entirely from Wright’s closest supporters.

The copyright does not definitively prove anything

An in-depth analysis investigating the legal merits of Wright’s claims found that no real evidence of Bitcoin authorship was required to be presented to the Copyright Office, making it highly unlikely he offered them any proof that he had authored Nakamoto’s works.

Further, a statement from the Copyright Office said outright it did not ”investigate the truth of any statement made“, nor were any investigations made by the Office.

Suspicious circumstances

So, the question is raised why Wright would go to the effort to file the copyright claim if it does not prove anything. There are several suspicious factors at play.

Wright backs the cryptocurrency Bitcoin SV (BSV), which unsurprisingly experienced an enormous jump +120% in price when he made the copyright announcement. Speculations have been made that he was attempting to use the announcement for just such a price pump.

Jimmy Nguyen, the president of the Bitcoin Association, which happens to supports Bitcoin SV and owns the Bitcoin SV client software, expressed delight at the news, saying, “We are thrilled to see Craig Wright recognized as the author of the landmark bitcoin white paper and early code.”

The Australian businessman has also been coming down hard on people challenging his claims to be Nakamoto — his disbelievers have been prominent since he first made the claims. Wright’s lawyers served Bitcoin podcast host Peter McCormack a GBP 100,000 (USD 127,000) claim for refusing to retract and apologize for his claims Wright was lying, while blockchain Twitter personality Hodlonaut has been threatened on the same basis.

Wright’s actions against those outspoken against him earned Bitcoin SV delisted from multiple exchange platforms including Kraken and Shapeshift.

What the internet thinks

The outstanding opinion shared by the internet would appear skeptical of Wright’s claims, to say the least.

Damn!!! My lawnmower mechanic was going to file a copyright for the same paper next week. I told him he should have acted sooner.

— John McAfee (@officialmcafee) May 21, 2019

Indeed, copyrighting Bitcoin would appear an action at great odds with the ideology behind the open-source cryptocurrency in the first place. The cryptocurrency community at large is throwing itself against Wright’s copyright claim. He has indeed found himself in a difficult situation, but it does not look like he will be standing down any time soon.

The only person “verifying” that CSW is Satoshi, is Craig Wright himself! 😂🤣#craigwrightisafraud

— Simon (@SimonTurner_NZ) May 22, 2019

It is unlikely he would make a new copyright claim and take legal action against Bitcoin or BCH developers as this would require him to prove his identity as Nakamoto. His failure to do so could result in prosecution of fraud against him. Although, if he truly is who he says he is, this would not be an issue for him.


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Sony Reveals Digital Copyright Management Blockchain

Japanese multinational electronics conglomerate Sony has launched its own blockchain dedicated to managing digital copyrights.

A press release on Monday detailed the new system that specializes in managing the rights of written work on a blockchain, utilizing features that track the original date and time of electronic content creation. Users will also be able to verify themselves as the original content creator and securely share their work on the blockchain, knowing the integrity of their work will be preserved.

While standard copyright management procedures are said to be processed manually by industry organizations or creators, Sony believes that the blockchain can provide a far more efficient way to do so in terms of both time and money.

The electronics firm say that the system will prove compatible with many forms of electronic works, including e-books, music and films and notably various formats of educational content.

While right now it remains for private use, Sony says they are considering commercialization of the system.

Sony added that future blockchain solutions might well be on the way in areas of data management and distribution throughout the company’s various business domains, but right now the emphasis remains on the field of education.

Sony Global Education is cited as ”continuously carrying out technological development and prototyping towards the use of blockchain technology in the educational field.”

China-based news outlet iPR Daily last month indeed revealed that Sony has filed as many as 23 blockchain patents. Further research from iPR shows that IBM and MasterCard have some of the most substantial numbers of blockchain applications, with over 80 apiece.

Despite these major players launching themselves into the blockchain, a recent survey of executives found that the majority of enterprises are finding blockchain adoption more difficult than initially expected.

The 57% that responded this way cited hardware security and scalability as major issues, with over half of non-blockchain dedicated companies struggling to process high volumes of transactions on the blockchain network quickly.

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